ZEM CONSULTING: 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.
ZEM CONSULTING
Largest movements
- Cash -€29,081
down €29,081 (-20.0%), from €145,767 to €116,686
mainly Net result for the year (-€16,516) and Investment in fixed assets (net) (-€13,314)
- Tangible fixed assets +€14,200
up €14,200 (+1,383%), from €1,027 to €15,227
- Financial fixed assets -€2,700
down €2,700 (-91.5%), from €2,950 to €250
- Profit (loss) carried forward -€16,516
down €16,516 (-11.8%), from €140,545 to €124,030
- Gross operating margin -€73,884
down €73,884, from €62,443 to -€11,441
- Taxes -€19,733
no longer reported in 2025 (was €19,733)
- Other operating charges -€1,828
down €1,828 (-55.4%), from €3,298 to €1,469
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 | €162,564 | €145,110 | -€17,454 | -10.7% |
| Fixed assets | 21/28 | €3,977 | €15,477 | +€11,500 | +289% |
| Tangible fixed assets | 22/27 | €1,027 | €15,227 | +€14,200 | +1,383% |
| Furniture and vehicles | 24 | €1,027 | €15,227 | +€14,200 | +1,383% |
| Financial fixed assets | 28 | €2,950 | €250 | -€2,700 | -91.5% |
| Current assets | 29/58 | €158,588 | €129,633 | -€28,954 | -18.3% |
| Amounts receivable within one year | 40/41 | €12,820 | €12,947 | +€126 | +1.0% |
| Trade receivables | 40 | €8,726 | €9,488 | +€762 | +8.7% |
| Other amounts receivable | 41 | €4,094 | €3,459 | -€636 | -15.5% |
| Cash at bank and in hand | 54/58 | €145,767 | €116,686 | -€29,081 | -20.0% |
| Total equity and liabilities | 10/49 | €162,564 | €145,110 | -€17,454 | -10.7% |
| Equity | 10/15 | €159,145 | €142,630 | -€16,516 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,545 | €124,030 | -€16,516 | -11.8% |
| Amounts payable | 17/49 | €3,419 | €2,481 | -€938 | -27.4% |
| Amounts payable within one year | 42/48 | €3,419 | €2,481 | -€938 | -27.4% |
| Trade debts | 44 | €2,582 | €1,849 | -€733 | -28.4% |
| Suppliers | 440/4 | €2,582 | €1,849 | -€733 | -28.4% |
| Taxes, remuneration and social security | 45 | €837 | €632 | -€205 | -24.5% |
| Taxes | 450/3 | €296 | €632 | +€336 | +114% |
| Remuneration and social security | 454/9 | €541 | - | -€541 | |
| Remuneration, social security and pensions | 62 | €1,560 | €1,566 | +€6 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,795 | €1,814 | +€18 | +1.0% |
| Other operating charges | 640/8 | €3,298 | €1,469 | -€1,828 | -55.4% |
| Gross operating margin | 9900 | €62,443 | -€11,441 | -€73,884 | |
| Operating profit (loss) | 9901 | €55,790 | -€16,291 | -€72,081 | |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €243 | €264 | +€21 | +8.5% |
| Recurring financial charges | 65 | €243 | €264 | +€21 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €55,547 | -€16,516 | -€72,062 | |
| Income taxes | 67/77 | €19,733 | - | -€19,733 | |
| Profit (loss) for the period | 9904 | €35,814 | -€16,516 | -€52,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,814 | -€16,516 | -€52,330 |
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 25 October 2026 via checked.be.