ZAMINA: 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.
ZAMINA
Largest movements
- Tangible fixed assets -€11,419
down €11,419 (-4.1%), from €281,498 to €270,079
of which Land and buildings: -€11,418
- Other debts +€38,989
up €38,989 (+290.0%), from €13,446 to €52,435
- Reserves -€33,217
down €33,217 (-57.9%), from €57,385 to €24,168
of which Distributable reserves: -€33,217
- Tax, wage and social debts -€8,615
down €8,615 (-73.7%), from €11,695 to €3,079
of which Taxes: -€5,577
- Debts after one year -€7,645
down €7,645 (-3.2%), from €241,399 to €233,754
- Short-term financial debts +€4,180
up €4,180 (+1582.6%), from €264 to €4,445
- Gross operating margin +€26,127
up €26,127 (+109.5%), from €23,866 to €49,993
- Financial charges +€4,735
up €4,735 (+63.1%), from €7,499 to €12,234
- Taxes +€4,531
up €4,531 (+371.0%), from €1,221 to €5,753
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 | €384,364 | €375,692 | -€8,672 | -2.3% |
| Fixed assets | 21/28 | €281,498 | €270,079 | -€11,419 | -4.1% |
| Tangible fixed assets | 22/27 | €281,498 | €270,079 | -€11,419 | -4.1% |
| Land and buildings | 22 | €281,497 | €270,079 | -€11,418 | -4.1% |
| Furniture and vehicles | 24 | €1 | €0 | -€1 | -100.0% |
| Current assets | 29/58 | €102,866 | €105,614 | +€2,748 | +2.7% |
| Amounts receivable within one year | 40/41 | €53,690 | €56,414 | +€2,724 | +5.1% |
| Trade receivables | 40 | €51,930 | €47,419 | -€4,511 | -8.7% |
| Other amounts receivable | 41 | €1,760 | €8,995 | +€7,235 | +411.0% |
| Current investments | 50/53 | €0 | €0 | -€0 | -100.0% |
| Cash at bank and in hand | 54/58 | €47,423 | €47,862 | +€439 | +0.9% |
| Deferred charges and accrued income | 490/1 | €1,753 | €1,337 | -€416 | -23.7% |
| Total equity and liabilities | 10/49 | €384,364 | €375,692 | -€8,672 | -2.3% |
| Equity | 10/15 | €75,985 | €42,768 | -€33,217 | -43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,385 | €24,168 | -€33,217 | -57.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,095 | €2,095 | = | 0.0% |
| Distributable reserves | 133 | €55,290 | €22,073 | -€33,217 | -60.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €308,379 | €332,924 | +€24,545 | +8.0% |
| Amounts payable after more than one year | 17 | €241,399 | €233,754 | -€7,645 | -3.2% |
| Financial debts | 170/4 | €241,399 | €233,754 | -€7,645 | -3.2% |
| Amounts payable within one year | 42/48 | €66,980 | €98,392 | +€31,412 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €14,243 | €12,451 | -€1,793 | -12.6% |
| Financial debts | 43 | €264 | €4,445 | +€4,180 | +1582.6% |
| Credit institutions | 430/8 | €264 | €4,445 | +€4,180 | +1582.6% |
| Trade debts | 44 | €27,332 | €25,982 | -€1,350 | -4.9% |
| Suppliers | 440/4 | €27,332 | €25,982 | -€1,350 | -4.9% |
| Taxes, remuneration and social security | 45 | €11,695 | €3,079 | -€8,615 | -73.7% |
| Taxes | 450/3 | €8,656 | €3,079 | -€5,577 | -64.4% |
| Remuneration and social security | 454/9 | €3,039 | €0 | -€3,039 | -100.0% |
| Other amounts payable | 47/48 | €13,446 | €52,435 | +€38,989 | +290.0% |
| Accrued charges and deferred income | 492/3 | - | €779 | +€779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,763 | €11,419 | -€344 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,839 | €1,426 | -€413 | -22.5% |
| Gross operating margin | 9900 | €23,866 | €49,993 | +€26,127 | +109.5% |
| Operating profit (loss) | 9901 | €10,264 | €37,148 | +€26,884 | +261.9% |
| Financial income | 75/76B | €6 | €58 | +€52 | +901.9% |
| Recurring financial income | 75 | €6 | €58 | +€52 | +901.9% |
| Financial charges | 65/66B | €7,499 | €12,234 | +€4,735 | +63.1% |
| Recurring financial charges | 65 | €7,499 | €12,234 | +€4,735 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €2,770 | €24,971 | +€22,200 | +801.4% |
| Income taxes | 67/77 | €1,221 | €5,753 | +€4,531 | +371.0% |
| Profit (loss) for the period | 9904 | €1,549 | €19,218 | +€17,669 | +1140.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,549 | €19,218 | +€17,669 | +1140.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.