Zamda: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Zamda
Largest movements
- Receivables within one year +€62,099
up €62,099 (+1,237%), from €5,021 to €67,120
- Tangible fixed assets -€8,440
down €8,440 (-33.3%), from €25,343 to €16,903
of which Furniture and vehicles: -€8,000
- Cash +€1,717
up €1,717 (+27.8%), from €6,180 to €7,897
mainly Net result for the year (+€41,144) and Tax, wage and social debts (+€20,659)
- Deferred charges and accrued income +€1,384
up €1,384 (+370%), from €374 to €1,758
- Reserves +€41,144
new in 2025: €41,144
- Tax, wage and social debts +€20,659
up €20,659 (+171%), from €12,115 to €32,774
- Trade debts -€5,044
down €5,044 (-76.6%), from €6,585 to €1,541
- Gross operating margin +€35,164
up €35,164 (+107%), from €32,872 to €68,036
- Taxes +€10,902
up €10,902 (+172%), from €6,333 to €17,235
- Financial income +€1,384
up €1,384 (+370%), from €374 to €1,758
- Financial charges +€909
up €909 (+2,074%), from €44 to €953
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,918 | €93,677 | +€56,759 | +154% |
| Fixed assets | 21/28 | €25,343 | €16,903 | -€8,440 | -33.3% |
| Tangible fixed assets | 22/27 | €25,343 | €16,903 | -€8,440 | -33.3% |
| Plant, machinery and equipment | 23 | €927 | €486 | -€440 | -47.5% |
| Furniture and vehicles | 24 | €24,416 | €16,416 | -€8,000 | -32.8% |
| Current assets | 29/58 | €11,575 | €76,774 | +€65,199 | +563% |
| Amounts receivable within one year | 40/41 | €5,021 | €67,120 | +€62,099 | +1,237% |
| Other amounts receivable | 41 | €5,021 | €67,120 | +€62,099 | +1,237% |
| Cash at bank and in hand | 54/58 | €6,180 | €7,897 | +€1,717 | +27.8% |
| Deferred charges and accrued income | 490/1 | €374 | €1,758 | +€1,384 | +370% |
| Total equity and liabilities | 10/49 | €36,918 | €93,677 | +€56,759 | +154% |
| Equity | 10/15 | €17,385 | €58,529 | +€41,144 | +237% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €41,144 | +€41,144 | |
| Distributable reserves | 133 | - | €41,144 | +€41,144 | |
| Profit (loss) carried forward | 14 | €16,385 | €16,385 | = | 0.0% |
| Amounts payable | 17/49 | €19,533 | €35,148 | +€15,615 | +79.9% |
| Amounts payable within one year | 42/48 | €19,533 | €35,148 | +€15,615 | +79.9% |
| Trade debts | 44 | €6,585 | €1,541 | -€5,044 | -76.6% |
| Suppliers | 440/4 | €6,585 | €1,541 | -€5,044 | -76.6% |
| Taxes, remuneration and social security | 45 | €12,115 | €32,774 | +€20,659 | +171% |
| Taxes | 450/3 | €12,115 | €32,774 | +€20,659 | +171% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,978 | €8,440 | +€462 | +5.8% |
| Other operating charges | 640/8 | €1,673 | €2,022 | +€350 | +20.9% |
| Gross operating margin | 9900 | €32,872 | €68,036 | +€35,164 | +107% |
| Operating profit (loss) | 9901 | €23,221 | €57,573 | +€34,352 | +148% |
| Financial income | 75/76B | €374 | €1,758 | +€1,384 | +370% |
| Recurring financial income | 75 | €374 | €1,758 | +€1,384 | +370% |
| Financial charges | 65/66B | €44 | €953 | +€909 | +2,074% |
| Recurring financial charges | 65 | €44 | €953 | +€909 | +2,074% |
| Profit (loss) for the period before taxes | 9903 | €23,551 | €58,378 | +€34,827 | +148% |
| Income taxes | 67/77 | €6,333 | €17,235 | +€10,902 | +172% |
| Profit (loss) for the period | 9904 | €17,218 | €41,144 | +€23,925 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €17,218 | €41,144 | +€23,925 | +139% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.