ZEM LOGISTICS: what changed
Two fiscal 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 LOGISTICS
Largest movements
- Receivables within one year +€5,165
up €5,165 (+31.3%), from €16,485 to €21,649
of which Other amounts receivable: +€4,207
- Cash -€1,551
down €1,551 (-74.8%), from €2,073 to €522
mainly Receivables within one year (-€5,165) and Trade debts (-€3,575)
- Deferred charges and accrued income -€1,505
down €1,505 (-24.0%), from €6,276 to €4,772
- Trade debts -€3,575
down €3,575 (-72.4%), from €4,940 to €1,365
- Profit (loss) carried forward +€3,469
up €3,469 (+23.7%), from €14,622 to €18,091
- Tax, wage and social debts +€1,972
up €1,972 (+40.2%), from €4,907 to €6,879
- Gross operating margin -€2,754
down €2,754 (-29.1%), from €9,456 to €6,701
- Depreciation -€850
down €850 (-77.8%), from €1,093 to €243
- Taxes +€421
up €421 (+22.2%), from €1,892 to €2,312
- Financial income +€315
up €315 (+75.8%), from €416 to €731
- Other operating charges +€117
up €117 (+10.4%), from €1,126 to €1,244
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.
Cash bridge derived
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 | €26,969 | €28,836 | +€1,866 | +6.9% |
| Fixed assets | 21/28 | €2,135 | €1,892 | -€243 | -11.4% |
| Tangible fixed assets | 22/27 | €2,135 | €1,892 | -€243 | -11.4% |
| Furniture and vehicles | 24 | €2,135 | €1,892 | -€243 | -11.4% |
| Current assets | 29/58 | €24,834 | €26,944 | +€2,109 | +8.5% |
| Amounts receivable within one year | 40/41 | €16,485 | €21,649 | +€5,165 | +31.3% |
| Trade receivables | 40 | €5,344 | €6,302 | +€958 | +17.9% |
| Other amounts receivable | 41 | €11,141 | €15,347 | +€4,207 | +37.8% |
| Cash at bank and in hand | 54/58 | €2,073 | €522 | -€1,551 | -74.8% |
| Deferred charges and accrued income | 490/1 | €6,276 | €4,772 | -€1,505 | -24.0% |
| Total equity and liabilities | 10/49 | €26,969 | €28,836 | +€1,866 | +6.9% |
| Equity | 10/15 | €17,122 | €20,591 | +€3,469 | +20.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,622 | €18,091 | +€3,469 | +23.7% |
| Amounts payable | 17/49 | €9,847 | €8,244 | -€1,603 | -16.3% |
| Amounts payable within one year | 42/48 | €9,847 | €8,244 | -€1,603 | -16.3% |
| Trade debts | 44 | €4,940 | €1,365 | -€3,575 | -72.4% |
| Suppliers | 440/4 | €4,940 | €1,365 | -€3,575 | -72.4% |
| Taxes, remuneration and social security | 45 | €4,907 | €6,879 | +€1,972 | +40.2% |
| Taxes | 450/3 | €4,907 | €6,879 | +€1,972 | +40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,093 | €243 | -€850 | -77.8% |
| Other operating charges | 640/8 | €1,126 | €1,244 | +€117 | +10.4% |
| Gross operating margin | 9900 | €9,456 | €6,701 | -€2,754 | -29.1% |
| Operating profit (loss) | 9901 | €7,236 | €5,215 | -€2,021 | -27.9% |
| Financial income | 75/76B | €416 | €731 | +€315 | +75.8% |
| Recurring financial income | 75 | €416 | €731 | +€315 | +75.8% |
| Financial charges | 65/66B | €192 | €165 | -€27 | -14.0% |
| Recurring financial charges | 65 | €192 | €165 | -€27 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €7,460 | €5,781 | -€1,679 | -22.5% |
| Income taxes | 67/77 | €1,892 | €2,312 | +€421 | +22.2% |
| Profit (loss) for the period | 9904 | €5,569 | €3,469 | -€2,100 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,569 | €3,469 | -€2,100 | -37.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.