ZAMR Holding: what changed
ZAMR Holding
Largest movements
- Receivables within one year -€79,901
down €79,901 (-95.1%), from €84,001 to €4,100
- Cash +€72,886
up €72,886 (+509%), from €14,331 to €87,218
mainly Receivables within one year (+€79,901) and Other debts (+€52,347)
- Financial fixed assets +€54,613
up €54,613 (+183%), from €29,828 to €84,441
- Other debts +€52,347
new in 2025: €52,347
- Profit (loss) carried forward -€6,009
down €6,009 (-4.8%), from €126,437 to €120,428
- Gross operating margin -€10,899
down €10,899, from €7,411 to -€3,487
- Financial income -€4,932
down €4,932 (-100%), from €4,932 to €0
- Financial charges +€1,899
up €1,899 (+2,405%), from €79 to €1,978
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,160 | €175,759 | +€47,598 | +37.1% |
| Fixed assets | 21/28 | €29,828 | €84,441 | +€54,613 | +183% |
| Financial fixed assets | 28 | €29,828 | €84,441 | +€54,613 | +183% |
| Current assets | 29/58 | €98,332 | €91,318 | -€7,015 | -7.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €84,001 | €4,100 | -€79,901 | -95.1% |
| Other amounts receivable | 41 | €84,001 | €4,100 | -€79,901 | -95.1% |
| Cash at bank and in hand | 54/58 | €14,331 | €87,218 | +€72,886 | +509% |
| Total equity and liabilities | 10/49 | €128,160 | €175,759 | +€47,598 | +37.1% |
| Equity | 10/15 | €127,437 | €121,428 | -€6,009 | -4.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,437 | €120,428 | -€6,009 | -4.8% |
| Amounts payable | 17/49 | €723 | €54,331 | +€53,608 | +7,415% |
| Amounts payable within one year | 42/48 | €635 | €54,241 | +€53,606 | +8,439% |
| Trade debts | 44 | €635 | €1,895 | +€1,259 | +198% |
| Suppliers | 440/4 | €635 | €1,895 | +€1,259 | +198% |
| Other amounts payable | 47/48 | - | €52,347 | +€52,347 | |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Non-recurring operating income | 76A | €96,331 | €0 | -€96,331 | -100% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €7,411 | -€3,487 | -€10,899 | |
| Operating profit (loss) | 9901 | €6,884 | -€4,031 | -€10,915 | |
| Financial income | 75/76B | €4,932 | €0 | -€4,932 | -100% |
| Recurring financial income | 75 | €4,932 | €0 | -€4,932 | -100% |
| Financial charges | 65/66B | €79 | €1,978 | +€1,899 | +2,405% |
| Recurring financial charges | 65 | €79 | €1,978 | +€1,899 | +2,405% |
| Profit (loss) for the period before taxes | 9903 | €11,737 | -€6,009 | -€17,747 | |
| Profit (loss) for the period | 9904 | €11,737 | -€6,009 | -€17,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,737 | -€6,009 | -€17,747 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.