ZELLIMMO 2: 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.
ZELLIMMO 2
Largest movements
- Tangible fixed assets -€46,064
down €46,064 (-5.2%), from €886,362 to €840,298
- Cash +€27,654
up €27,654 (+29.3%), from €94,306 to €121,960
mainly Depreciation (+€46,064) and Net result for the year (+€31,800)
- Debts after one year -€49,554
down €49,554 (-10.8%), from €457,914 to €408,359
- Reserves +€31,800
up €31,800 (+8.3%), from €382,609 to €414,409
of which Distributable reserves: +€47,900
- Gross operating margin -€14,339
down €14,339 (-11.9%), from €120,592 to €106,253
- Taxes -€4,482
down €4,482 (-16.7%), from €26,848 to €22,366
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 | €1,010,517 | €981,135 | -€29,382 | -2.9% |
| Fixed assets | 21/28 | €886,362 | €840,298 | -€46,064 | -5.2% |
| Tangible fixed assets | 22/27 | €886,362 | €840,298 | -€46,064 | -5.2% |
| Land and buildings | 22 | €886,362 | €840,298 | -€46,064 | -5.2% |
| Current assets | 29/58 | €124,155 | €140,837 | +€16,682 | +13.4% |
| Amounts receivable within one year | 40/41 | €26,052 | €18,877 | -€7,175 | -27.5% |
| Trade receivables | 40 | €25,523 | €17,671 | -€7,853 | -30.8% |
| Other amounts receivable | 41 | €529 | €1,206 | +€678 | +128% |
| Cash at bank and in hand | 54/58 | €94,306 | €121,960 | +€27,654 | +29.3% |
| Deferred charges and accrued income | 490/1 | €3,797 | €0 | -€3,797 | -100% |
| Total equity and liabilities | 10/49 | €1,010,517 | €981,135 | -€29,382 | -2.9% |
| Equity | 10/15 | €418,136 | €449,935 | +€31,800 | +7.6% |
| Contributions | 10/11 | €35,527 | €35,527 | = | 0.0% |
| Reserves | 13 | €382,609 | €414,409 | +€31,800 | +8.3% |
| Tax-exempt reserves | 132 | €225,401 | €209,301 | -€16,100 | -7.1% |
| Distributable reserves | 133 | €157,208 | €205,108 | +€47,900 | +30.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €75,134 | €69,767 | -€5,367 | -7.1% |
| Deferred taxes | 168 | €75,134 | €69,767 | -€5,367 | -7.1% |
| Amounts payable | 17/49 | €517,248 | €461,433 | -€55,815 | -10.8% |
| Amounts payable after more than one year | 17 | €457,914 | €408,359 | -€49,554 | -10.8% |
| Financial debts | 170/4 | €457,914 | €408,359 | -€49,554 | -10.8% |
| Amounts payable within one year | 42/48 | €59,334 | €53,074 | -€6,261 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €49,113 | €49,554 | +€442 | +0.9% |
| Trade debts | 44 | €3,373 | €1,154 | -€2,220 | -65.8% |
| Suppliers | 440/4 | €3,373 | €1,154 | -€2,220 | -65.8% |
| Taxes, remuneration and social security | 45 | €6,848 | €2,366 | -€4,482 | -65.5% |
| Taxes | 450/3 | €6,848 | €2,366 | -€4,482 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,064 | €46,064 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,780 | €6,991 | +€211 | +3.1% |
| Gross operating margin | 9900 | €120,592 | €106,253 | -€14,339 | -11.9% |
| Operating profit (loss) | 9901 | €67,748 | €53,199 | -€14,550 | -21.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,836 | €4,400 | -€436 | -9.0% |
| Recurring financial charges | 65 | €4,836 | €4,400 | -€436 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €62,912 | €48,799 | -€14,113 | -22.4% |
| Transfer from deferred taxes | 780 | €5,367 | €5,367 | = | 0.0% |
| Income taxes | 67/77 | €26,848 | €22,366 | -€4,482 | -16.7% |
| Profit (loss) for the period | 9904 | €41,431 | €31,800 | -€9,631 | -23.2% |
| Transfer from tax-exempt reserves | 789 | €16,100 | €16,100 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,531 | €47,900 | -€9,631 | -16.7% |
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 24 October 2026 via checked.be.