Zem Trans: 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 Trans
Largest movements
- Receivables within one year -€15,989
down €15,989 (-37.5%), from €42,658 to €26,669
of which Trade receivables: -€19,127
- Cash +€13,248
up €13,248 (+32.6%), from €40,615 to €53,863
mainly Net result for the year (+€22,184) and Receivables within one year (+€15,989)
- Financial fixed assets +€9,000
up €9,000 (+136.3%), from €6,601 to €15,601
- Tangible fixed assets +€2,775
up €2,775 (+1294.1%), from €214 to €2,990
- Profit (loss) carried forward +€12,184
up €12,184 (+62.7%), from €19,420 to €31,604
- Reserves +€10,000
up €10,000 (+37.0%), from €27,000 to €37,000
- Tax, wage and social debts -€6,787
down €6,787 (-30.2%), from €22,457 to €15,671
of which Remuneration and social security: -€9,000
- Trade debts -€5,598
down €5,598 (-36.8%), from €15,211 to €9,614
- Gross operating margin -€4,433
down €4,433 (-12.0%), from €37,000 to €32,567
- Other operating charges +€886
up €886 (+104.4%), from €849 to €1,735
- Taxes -€827
down €827 (-10.0%), from €8,249 to €7,422
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,089 | €99,889 | +€9,800 | +10.9% |
| Fixed assets | 21/28 | €6,815 | €18,591 | +€11,775 | +172.8% |
| Tangible fixed assets | 22/27 | €214 | €2,990 | +€2,775 | +1294.1% |
| Furniture and vehicles | 24 | €214 | €2,990 | +€2,775 | +1294.1% |
| Financial fixed assets | 28 | €6,601 | €15,601 | +€9,000 | +136.3% |
| Current assets | 29/58 | €83,273 | €81,298 | -€1,975 | -2.4% |
| Amounts receivable within one year | 40/41 | €42,658 | €26,669 | -€15,989 | -37.5% |
| Trade receivables | 40 | €29,269 | €10,142 | -€19,127 | -65.4% |
| Other amounts receivable | 41 | €13,389 | €16,528 | +€3,138 | +23.4% |
| Cash at bank and in hand | 54/58 | €40,615 | €53,863 | +€13,248 | +32.6% |
| Deferred charges and accrued income | 490/1 | - | €766 | +€766 | |
| Total equity and liabilities | 10/49 | €90,089 | €99,889 | +€9,800 | +10.9% |
| Equity | 10/15 | €52,420 | €74,604 | +€22,184 | +42.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €27,000 | €37,000 | +€10,000 | +37.0% |
| Distributable reserves | 133 | €27,000 | €37,000 | +€10,000 | +37.0% |
| Profit (loss) carried forward | 14 | €19,420 | €31,604 | +€12,184 | +62.7% |
| Amounts payable | 17/49 | €37,669 | €25,284 | -€12,384 | -32.9% |
| Amounts payable within one year | 42/48 | €37,669 | €25,284 | -€12,384 | -32.9% |
| Trade debts | 44 | €15,211 | €9,614 | -€5,598 | -36.8% |
| Suppliers | 440/4 | €15,211 | €9,614 | -€5,598 | -36.8% |
| Taxes, remuneration and social security | 45 | €22,457 | €15,671 | -€6,787 | -30.2% |
| Taxes | 450/3 | €13,457 | €15,671 | +€2,213 | +16.4% |
| Remuneration and social security | 454/9 | €9,000 | - | -€9,000 | |
| Non-recurring operating income | 76A | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €761 | €745 | -€16 | -2.1% |
| Other operating charges | 640/8 | €849 | €1,735 | +€886 | +104.4% |
| Non-recurring operating charges | 66A | €43 | - | -€43 | |
| Gross operating margin | 9900 | €37,000 | €32,567 | -€4,433 | -12.0% |
| Operating profit (loss) | 9901 | €35,347 | €30,087 | -€5,260 | -14.9% |
| Financial income | 75/76B | €279 | €397 | +€118 | +42.3% |
| Recurring financial income | 75 | €279 | €397 | +€118 | +42.3% |
| Financial charges | 65/66B | €611 | €878 | +€267 | +43.7% |
| Recurring financial charges | 65 | €611 | €878 | +€267 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €35,015 | €29,606 | -€5,409 | -15.4% |
| Income taxes | 67/77 | €8,249 | €7,422 | -€827 | -10.0% |
| Profit (loss) for the period | 9904 | €26,766 | €22,184 | -€4,582 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,766 | €22,184 | -€4,582 | -17.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.