ZEMLIA: 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.
ZEMLIA
Largest movements
- Receivables within one year -€122,873
down €122,873 (-4.9%), from €2.5m to €2.4m
of which Other amounts receivable: -€136,048
- Stocks and contracts -€119,909
down €119,909 (-21.2%), from €565,513 to €445,604
of which Stocks: -€119,727
- Cash +€105,870
up €105,870 (+60.2%), from €175,953 to €281,822
mainly Net result for the year (+€325,904) and Receivables within one year (+€122,873)
- Other debts -€94,765
down €94,765 (-10.0%), from €942,941 to €848,176
- Tax, wage and social debts -€46,600
down €46,600 (-69.0%), from €67,566 to €20,966
- Gross operating margin -€126,492
down €126,492 (-22.4%), from €564,446 to €437,954
- Taxes -€32,018
down €32,018 (-22.8%), from €140,653 to €108,635
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 | €3,927,525 | €3,779,148 | -€148,377 | -3.8% |
| Fixed assets | 21/28 | €672,777 | €661,312 | -€11,465 | -1.7% |
| Tangible fixed assets | 22/27 | €672,777 | €661,312 | -€11,465 | -1.7% |
| Land and buildings | 22 | €672,777 | €661,312 | -€11,465 | -1.7% |
| Current assets | 29/58 | €3,254,748 | €3,117,836 | -€136,912 | -4.2% |
| Stocks and contracts in progress | 3 | €565,513 | €445,604 | -€119,909 | -21.2% |
| Stocks | 30/36 | €543,166 | €423,439 | -€119,727 | -22.0% |
| Contracts in progress | 37 | €22,347 | €22,165 | -€182 | -0.8% |
| Amounts receivable within one year | 40/41 | €2,513,282 | €2,390,409 | -€122,873 | -4.9% |
| Trade receivables | 40 | €19,577 | €32,752 | +€13,175 | +67.3% |
| Other amounts receivable | 41 | €2,493,705 | €2,357,658 | -€136,048 | -5.5% |
| Cash at bank and in hand | 54/58 | €175,953 | €281,822 | +€105,870 | +60.2% |
| Total equity and liabilities | 10/49 | €3,927,525 | €3,779,148 | -€148,377 | -3.8% |
| Equity | 10/15 | €1,863,001 | €1,863,001 | = | 0.0% |
| Contributions | 10/11 | €1,653,005 | €1,653,005 | = | 0.0% |
| Capital | 10 | €1,653,005 | €1,653,005 | = | 0.0% |
| Issued capital | 100 | €1,653,005 | €1,653,005 | = | 0.0% |
| Reserves | 13 | €209,996 | €209,996 | = | 0.0% |
| Non-distributable reserves | 130/1 | €165,301 | €165,301 | = | 0.0% |
| Legal reserve | 130 | €165,301 | €165,301 | = | 0.0% |
| Distributable reserves | 133 | €44,695 | €44,695 | = | 0.0% |
| Amounts payable | 17/49 | €2,064,524 | €1,916,147 | -€148,377 | -7.2% |
| Amounts payable within one year | 42/48 | €1,011,475 | €875,793 | -€135,683 | -13.4% |
| Trade debts | 44 | €968 | €6,651 | +€5,683 | +587% |
| Suppliers | 440/4 | €968 | €6,651 | +€5,683 | +587% |
| Taxes, remuneration and social security | 45 | €67,566 | €20,966 | -€46,600 | -69.0% |
| Taxes | 450/3 | €67,566 | €20,966 | -€46,600 | -69.0% |
| Other amounts payable | 47/48 | €942,941 | €848,176 | -€94,765 | -10.0% |
| Accrued charges and deferred income | 492/3 | €1,053,048 | €1,040,354 | -€12,694 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €564,446 | €437,954 | -€126,492 | -22.4% |
| Operating profit (loss) | 9901 | €563,479 | €436,956 | -€126,523 | -22.5% |
| Financial income | 75/76B | €169 | - | -€169 | |
| Recurring financial income | 75 | €169 | - | -€169 | |
| Financial charges | 65/66B | €2,325 | €2,418 | +€92 | +4.0% |
| Recurring financial charges | 65 | €2,325 | €2,418 | +€92 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €561,322 | €434,538 | -€126,784 | -22.6% |
| Income taxes | 67/77 | €140,653 | €108,635 | -€32,018 | -22.8% |
| Profit (loss) for the period | 9904 | €420,669 | €325,904 | -€94,765 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €420,669 | €325,904 | -€94,765 | -22.5% |
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.