ZAMEDI: 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.
ZAMEDI
Largest movements
- Intangible fixed assets -€30,061
down €30,061 (-5.7%), from €527,556 to €497,495
- Tangible fixed assets +€20,932
up €20,932 (+2.4%), from €884,066 to €904,998
of which Furniture and vehicles: +€70,472
- Debts after one year +€286,169
up €286,169 (+25.1%), from €1.1m to €1.4m
of which Financial debts: +€286,169
- Other debts -€233,798
down €233,798 (-54.7%), from €427,515 to €193,716
- Profit (loss) carried forward -€74,759
down €74,759 (-37.6%), from -€198,811 to -€273,570
- Gross operating margin +€62,462
up €62,462 (+3676.3%), from €1,699 to €64,161
- Depreciation +€31,884
up €31,884 (+54.0%), from €59,079 to €90,963
- Other operating charges -€5,524
down €5,524 (-46.0%), from €12,000 to €6,476
- Financial charges +€2,489
up €2,489 (+6.4%), from €38,992 to €41,481
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.
Cash bridge derived
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 | €1,462,738 | €1,454,101 | -€8,638 | -0.6% |
| Fixed assets | 21/28 | €1,411,622 | €1,402,493 | -€9,129 | -0.6% |
| Intangible fixed assets | 21 | €527,556 | €497,495 | -€30,061 | -5.7% |
| Tangible fixed assets | 22/27 | €884,066 | €904,998 | +€20,932 | +2.4% |
| Plant, machinery and equipment | 23 | €835,647 | €786,107 | -€49,540 | -5.9% |
| Furniture and vehicles | 24 | €48,419 | €118,891 | +€70,472 | +145.5% |
| Current assets | 29/58 | €51,116 | €51,608 | +€492 | +1.0% |
| Amounts receivable within one year | 40/41 | €4,310 | €10,429 | +€6,118 | +141.9% |
| Trade receivables | 40 | €4,310 | €10,429 | +€6,118 | +141.9% |
| Cash at bank and in hand | 54/58 | €45,110 | €38,273 | -€6,837 | -15.2% |
| Deferred charges and accrued income | 490/1 | €1,696 | €2,907 | +€1,211 | +71.4% |
| Total equity and liabilities | 10/49 | €1,462,738 | €1,454,101 | -€8,638 | -0.6% |
| Equity | 10/15 | -€148,811 | -€223,570 | -€74,759 | -50.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,811 | -€273,570 | -€74,759 | -37.6% |
| Amounts payable | 17/49 | €1,611,549 | €1,677,670 | +€66,121 | +4.1% |
| Amounts payable after more than one year | 17 | €1,139,107 | €1,425,276 | +€286,169 | +25.1% |
| Financial debts | 170/4 | €1,133,707 | €1,419,876 | +€286,169 | +25.2% |
| Other amounts payable | 178/9 | €5,400 | €5,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €472,442 | €252,395 | -€220,047 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €39,933 | €53,831 | +€13,899 | +34.8% |
| Trade debts | 44 | €4,994 | €4,847 | -€147 | -3.0% |
| Suppliers | 440/4 | €4,994 | €4,847 | -€147 | -3.0% |
| Other amounts payable | 47/48 | €427,515 | €193,716 | -€233,798 | -54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,079 | €90,963 | +€31,884 | +54.0% |
| Other operating charges | 640/8 | €12,000 | €6,476 | -€5,524 | -46.0% |
| Gross operating margin | 9900 | €1,699 | €64,161 | +€62,462 | +3676.3% |
| Operating profit (loss) | 9901 | -€69,380 | -€33,278 | +€36,102 | +52.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -70.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -70.0% |
| Financial charges | 65/66B | €38,992 | €41,481 | +€2,489 | +6.4% |
| Recurring financial charges | 65 | €38,992 | €41,481 | +€2,489 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€108,372 | -€74,759 | +€33,613 | +31.0% |
| Profit (loss) for the period | 9904 | -€108,372 | -€74,759 | +€33,613 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,372 | -€74,759 | +€33,613 | +31.0% |
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 11 October 2026 via checked.be.