Zamunda: 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.
Zamunda
Largest movements
- Receivables within one year +€147,313
up €147,313 (+774%), from €19,023 to €166,336
of which Trade receivables: +€152,966
- Cash -€8,931
down €8,931 (-50.0%), from €17,849 to €8,918
mainly Receivables within one year (-€147,313) and Trade debts (-€12,407)
- Tangible fixed assets -€7,596
down €7,596 (-19.1%), from €39,738 to €32,142
of which Furniture and vehicles: -€7,201
- Deferred charges and accrued income -€5,003
down €5,003 (-62.9%), from €7,952 to €2,949
- Reserves +€60,000
up €60,000 (+400%), from €15,000 to €75,000
- Tax, wage and social debts +€54,277
up €54,277 (+345%), from €15,747 to €70,023
- Other debts +€23,016
up €23,016 (+308%), from €7,484 to €30,500
- Trade debts -€12,407
down €12,407 (-58.1%), from €21,349 to €8,942
- Gross operating margin +€91,096
up €91,096 (+371%), from €24,525 to €115,620
- Taxes +€23,032
up €23,032 (+244%), from €9,439 to €32,471
- Depreciation -€9,091
down €9,091 (-42.5%), from €21,387 to €12,296
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 | €84,562 | €210,346 | +€125,784 | +149% |
| Fixed assets | 21/28 | €39,738 | €32,142 | -€7,596 | -19.1% |
| Tangible fixed assets | 22/27 | €39,738 | €32,142 | -€7,596 | -19.1% |
| Land and buildings | 22 | €1,011 | €816 | -€194 | -19.2% |
| Plant, machinery and equipment | 23 | €1,782 | €1,581 | -€201 | -11.3% |
| Furniture and vehicles | 24 | €36,945 | €29,745 | -€7,201 | -19.5% |
| Current assets | 29/58 | €44,824 | €178,204 | +€133,380 | +298% |
| Amounts receivable within one year | 40/41 | €19,023 | €166,336 | +€147,313 | +774% |
| Trade receivables | 40 | €13,371 | €166,336 | +€152,966 | +1,144% |
| Other amounts receivable | 41 | €5,653 | - | -€5,653 | |
| Cash at bank and in hand | 54/58 | €17,849 | €8,918 | -€8,931 | -50.0% |
| Deferred charges and accrued income | 490/1 | €7,952 | €2,949 | -€5,003 | -62.9% |
| Total equity and liabilities | 10/49 | €84,562 | €210,346 | +€125,784 | +149% |
| Equity | 10/15 | €39,947 | €100,880 | +€60,933 | +153% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €75,000 | +€60,000 | +400% |
| Distributable reserves | 133 | €15,000 | €75,000 | +€60,000 | +400% |
| Profit (loss) carried forward | 14 | €19,947 | €20,880 | +€933 | +4.7% |
| Amounts payable | 17/49 | €44,615 | €109,465 | +€64,851 | +145% |
| Amounts payable within one year | 42/48 | €44,579 | €109,465 | +€64,886 | +146% |
| Trade debts | 44 | €21,349 | €8,942 | -€12,407 | -58.1% |
| Suppliers | 440/4 | €21,349 | €8,942 | -€12,407 | -58.1% |
| Taxes, remuneration and social security | 45 | €15,747 | €70,023 | +€54,277 | +345% |
| Taxes | 450/3 | €15,747 | €70,023 | +€54,277 | +345% |
| Other amounts payable | 47/48 | €7,484 | €30,500 | +€23,016 | +308% |
| Accrued charges and deferred income | 492/3 | €35 | - | -€35 | |
| Non-recurring operating income | 76A | €41,040 | - | -€41,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,387 | €12,296 | -€9,091 | -42.5% |
| Other operating charges | 640/8 | €1,759 | €1,935 | +€176 | +10.0% |
| Gross operating margin | 9900 | €24,525 | €115,620 | +€91,096 | +371% |
| Operating profit (loss) | 9901 | €1,379 | €101,389 | +€100,010 | +7,252% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €8,591 | €7,990 | -€601 | -7.0% |
| Recurring financial charges | 65 | €8,591 | €7,990 | -€601 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,212 | €93,404 | +€100,616 | |
| Income taxes | 67/77 | €9,439 | €32,471 | +€23,032 | +244% |
| Profit (loss) for the period | 9904 | -€16,651 | €60,933 | +€77,584 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,651 | €60,933 | +€77,584 |
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 18 October 2026 via checked.be.