ZegMaarManu: 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.
ZegMaarManu
Largest movements
- Cash +€21,688
up €21,688 (+31.6%), from €68,646 to €90,333
mainly Net result for the year (+€18,126) and Accrued charges and deferred income (+€15,041)
- Receivables within one year +€13,795
up €13,795, from €0 to €13,795
- Tangible fixed assets -€6,209
down €6,209 (-24.6%), from €25,215 to €19,005
of which Furniture and vehicles: -€6,979
- Reserves +€18,126
up €18,126 (+31.9%), from €56,848 to €74,974
- Accrued charges and deferred income +€15,041
up €15,041 (+4,891%), from €308 to €15,349
- Debts after one year -€4,077
down €4,077 (-42.2%), from €9,669 to €5,592
- Other debts +€2,603
up €2,603 (+45.1%), from €5,768 to €8,371
- Advances received -€2,142
down €2,142 (-100%), from €2,142 to €0
- Gross operating margin -€6,076
down €6,076 (-16.0%), from €37,945 to €31,869
- Taxes -€1,049
down €1,049 (-15.8%), from €6,638 to €5,588
- Depreciation +€791
up €791 (+11.8%), from €6,718 to €7,509
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 | €94,536 | €124,522 | +€29,986 | +31.7% |
| Fixed assets | 21/28 | €25,615 | €19,405 | -€6,209 | -24.2% |
| Tangible fixed assets | 22/27 | €25,215 | €19,005 | -€6,209 | -24.6% |
| Plant, machinery and equipment | 23 | €1,475 | €980 | -€496 | -33.6% |
| Furniture and vehicles | 24 | €23,739 | €16,761 | -€6,979 | -29.4% |
| Other tangible fixed assets | 26 | - | €1,265 | +€1,265 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €68,921 | €105,117 | +€36,196 | +52.5% |
| Amounts receivable within one year | 40/41 | €0 | €13,795 | +€13,795 | |
| Trade receivables | 40 | €0 | €13,795 | +€13,795 | |
| Cash at bank and in hand | 54/58 | €68,646 | €90,333 | +€21,688 | +31.6% |
| Deferred charges and accrued income | 490/1 | €275 | €988 | +€713 | +259% |
| Total equity and liabilities | 10/49 | €94,536 | €124,522 | +€29,986 | +31.7% |
| Equity | 10/15 | €59,848 | €77,974 | +€18,126 | +30.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €56,848 | €74,974 | +€18,126 | +31.9% |
| Distributable reserves | 133 | €56,848 | €74,974 | +€18,126 | +31.9% |
| Amounts payable | 17/49 | €34,688 | €46,548 | +€11,860 | +34.2% |
| Amounts payable after more than one year | 17 | €9,669 | €5,592 | -€4,077 | -42.2% |
| Financial debts | 170/4 | €9,669 | €5,592 | -€4,077 | -42.2% |
| Amounts payable within one year | 42/48 | €24,711 | €25,607 | +€896 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €3,953 | €4,068 | +€114 | +2.9% |
| Trade debts | 44 | €2,085 | €1,172 | -€913 | -43.8% |
| Suppliers | 440/4 | €2,085 | €1,172 | -€913 | -43.8% |
| Advances received on contracts in progress | 46 | €2,142 | €0 | -€2,142 | -100% |
| Taxes, remuneration and social security | 45 | €10,763 | €11,996 | +€1,233 | +11.5% |
| Taxes | 450/3 | €10,763 | €11,996 | +€1,233 | +11.5% |
| Other amounts payable | 47/48 | €5,768 | €8,371 | +€2,603 | +45.1% |
| Accrued charges and deferred income | 492/3 | €308 | €15,349 | +€15,041 | +4,891% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,718 | €7,509 | +€791 | +11.8% |
| Other operating charges | 640/8 | €191 | €159 | -€32 | -16.6% |
| Gross operating margin | 9900 | €37,945 | €31,869 | -€6,076 | -16.0% |
| Operating profit (loss) | 9901 | €31,037 | €24,201 | -€6,836 | -22.0% |
| Financial income | 75/76B | €309 | €0 | -€309 | -100% |
| Recurring financial income | 75 | €309 | €0 | -€309 | -100% |
| Financial charges | 65/66B | €477 | €486 | +€9 | +2.0% |
| Recurring financial charges | 65 | €477 | €486 | +€9 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €30,869 | €23,715 | -€7,155 | -23.2% |
| Income taxes | 67/77 | €6,638 | €5,588 | -€1,049 | -15.8% |
| Profit (loss) for the period | 9904 | €24,232 | €18,126 | -€6,105 | -25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,232 | €18,126 | -€6,105 | -25.2% |
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 30 October 2026 via checked.be.