ZEIMERS AG: what changed
What changed
ZEIMERS AG
NACE 79.110, Travel agency activities
filed annual accounts (NBB)
Net result for the year
€164,218
2024 · €195,743-€31,525
Equity
€1.4m
2024 · €1.2m+€164,218
Cash
€356,474
2024 · €312,584+€43,889
Balance sheet total
€1.6m
2024 · €1.4m+€210,753
Largest movements
Assets
- Current investments +€264,000
up €264,000 (+59.5%), from €444,000 to €708,000
- Tangible fixed assets -€165,460
down €165,460 (-30.4%), from €544,664 to €379,204
of which Leasing and similar rights: -€138,401
- Receivables within one year +€48,370
up €48,370 (+38.4%), from €125,963 to €174,333
of which Trade receivables: +€51,409
- Cash +€43,889
up €43,889 (+14.0%), from €312,584 to €356,474
mainly Depreciation (+€168,211) and Net result for the year (+€164,218)
- Deferred charges and accrued income +€19,954
up €19,954 (+295%), from €6,757 to €26,711
Equity and liabilities
- Reserves +€164,218
up €164,218 (+22.2%), from €740,808 to €905,025
of which Distributable reserves: +€164,218
- Accrued charges and deferred income +€44,670
up €44,670 (+168%), from €26,652 to €71,322
Income statement
- Gross operating margin -€104,413
down €104,413 (-12.3%), from €846,712 to €742,299
- Other operating charges -€46,189
down €46,189 (-68.4%), from €67,562 to €21,373
- Depreciation -€23,796
down €23,796 (-12.4%), from €192,007 to €168,211
- Financial income +€8,588
up €8,588 (+105%), from €8,180 to €16,768
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.
Result 2024
€195,743
Gross operating margin
-€104,413
Staff costs
-€3,445
Depreciation
+€23,796
Write-downs
-€7,135
Other operating charges
+€46,189
Financial income
+€8,588
Financial charges
+€1,458
Taxes
+€3,437
Result 2025
€164,218
raises the resultlowers the result
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.
From operations
+€319,814
Investment
-€266,751
Financing
-€9,174
Cash 2024
€312,584
From operations (derived)
+€319,814
Net result for the year
+€164,218
Depreciation
+€168,211
Receivables within one year
-€48,370
Deferred charges and accrued income
-€19,954
Trade debts
-€6,855
Tax, wage and social debts
+€1,909
Other debts
+€15,985
Accrued charges and deferred income
+€44,670
Investment (derived)
-€266,751
Investment in fixed assets (net)
-€2,751
Current investments
-€264,000
Financing
-€9,174
Current portion of long-term debt
-€9,174
Cash 2025
€356,474
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,434,588 | €1,645,341 | +€210,753 | +14.7% |
| Fixed assets | 21/28 | €545,284 | €379,824 | -€165,460 | -30.3% |
| Tangible fixed assets | 22/27 | €544,664 | €379,204 | -€165,460 | -30.4% |
| Land and buildings | 22 | €25,566 | €22,967 | -€2,599 | -10.2% |
| Furniture and vehicles | 24 | €380,698 | €356,237 | -€24,460 | -6.4% |
| Leasing and similar rights | 25 | €138,401 | - | -€138,401 | |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €889,304 | €1,265,517 | +€376,213 | +42.3% |
| Amounts receivable within one year | 40/41 | €125,963 | €174,333 | +€48,370 | +38.4% |
| Trade receivables | 40 | €93,323 | €144,732 | +€51,409 | +55.1% |
| Other amounts receivable | 41 | €32,639 | €29,601 | -€3,039 | -9.3% |
| Current investments | 50/53 | €444,000 | €708,000 | +€264,000 | +59.5% |
| Cash at bank and in hand | 54/58 | €312,584 | €356,474 | +€43,889 | +14.0% |
| Deferred charges and accrued income | 490/1 | €6,757 | €26,711 | +€19,954 | +295% |
| Total equity and liabilities | 10/49 | €1,434,588 | €1,645,341 | +€210,753 | +14.7% |
| Equity | 10/15 | €1,190,808 | €1,355,025 | +€164,218 | +13.8% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €740,808 | €905,025 | +€164,218 | +22.2% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €311,645 | €311,645 | = | 0.0% |
| Distributable reserves | 133 | €384,162 | €548,380 | +€164,218 | +42.7% |
| Amounts payable | 17/49 | €243,780 | €290,316 | +€46,536 | +19.1% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Other amounts payable | 178/9 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,128 | €138,993 | +€1,865 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €9,174 | - | -€9,174 | |
| Trade debts | 44 | €22,786 | €15,931 | -€6,855 | -30.1% |
| Suppliers | 440/4 | €22,786 | €15,931 | -€6,855 | -30.1% |
| Taxes, remuneration and social security | 45 | €79,235 | €81,145 | +€1,909 | +2.4% |
| Taxes | 450/3 | €39,448 | €47,788 | +€8,340 | +21.1% |
| Remuneration and social security | 454/9 | €39,788 | €33,356 | -€6,431 | -16.2% |
| Other amounts payable | 47/48 | €25,933 | €41,918 | +€15,985 | +61.6% |
| Accrued charges and deferred income | 492/3 | €26,652 | €71,322 | +€44,670 | +168% |
| Non-recurring operating income | 76A | €21,779 | €246 | -€21,533 | -98.9% |
| Remuneration, social security and pensions | 62 | €317,501 | €320,946 | +€3,445 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,007 | €168,211 | -€23,796 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,135 | - | +€7,135 | |
| Other operating charges | 640/8 | €67,562 | €21,373 | -€46,189 | -68.4% |
| Gross operating margin | 9900 | €846,712 | €742,299 | -€104,413 | -12.3% |
| Operating profit (loss) | 9901 | €276,778 | €231,770 | -€45,008 | -16.3% |
| Financial income | 75/76B | €8,180 | €16,768 | +€8,588 | +105% |
| Recurring financial income | 75 | €8,180 | €16,768 | +€8,588 | +105% |
| Financial charges | 65/66B | €7,670 | €6,212 | -€1,458 | -19.0% |
| Recurring financial charges | 65 | €7,670 | €6,212 | -€1,458 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €277,288 | €242,326 | -€34,962 | -12.6% |
| Income taxes | 67/77 | €81,545 | €78,108 | -€3,437 | -4.2% |
| Profit (loss) for the period | 9904 | €195,743 | €164,218 | -€31,525 | -16.1% |
| Transfer to tax-exempt reserves | 689 | €21,540 | - | -€21,540 | |
| Profit (loss) for the period to be appropriated | 9905 | €174,203 | €164,218 | -€9,985 | -5.7% |
Next steps
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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 2 November 2026 via checked.be.