zeMma: 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.
zeMma
Largest movements
- Receivables within one year -€42,967
down €42,967 (-42.1%), from €101,945 to €58,978
of which Trade receivables: -€34,013
- Cash +€24,378
up €24,378 (+33.1%), from €73,712 to €98,090
mainly Debts after one year (+€55,990) and Receivables within one year (+€42,967)
- Tangible fixed assets -€16,378
down €16,378 (-36.4%), from €45,006 to €28,628
of which Furniture and vehicles: -€16,028
- Profit (loss) carried forward -€119,038
down €119,038 (-51.4%), from €231,384 to €112,346
- Debts after one year +€55,990
up €55,990 (+239.0%), from €23,428 to €79,418
- Contributions +€13,000
up €13,000 (+185.7%), from €7,000 to €20,000
- Trade debts +€8,999
up €8,999 (+164.5%), from €5,471 to €14,471
- Other debts +€8,640
new in 2025: €8,640
- Gross operating margin +€17,148
up €17,148 (+47.9%), from €35,836 to €52,984
- Taxes +€5,464
up €5,464 (+92.6%), from €5,898 to €11,361
- Financial charges +€2,398
up €2,398 (+401.5%), from €597 to €2,996
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 | €308,442 | €275,233 | -€33,209 | -10.8% |
| Fixed assets | 21/28 | €130,842 | €116,191 | -€14,651 | -11.2% |
| Tangible fixed assets | 22/27 | €45,006 | €28,628 | -€16,378 | -36.4% |
| Land and buildings | 22 | €470 | €235 | -€235 | -50.0% |
| Plant, machinery and equipment | 23 | €335 | €219 | -€115 | -34.5% |
| Furniture and vehicles | 24 | €44,202 | €28,174 | -€16,028 | -36.3% |
| Financial fixed assets | 28 | €85,836 | €87,563 | +€1,727 | +2.0% |
| Current assets | 29/58 | €177,600 | €159,041 | -€18,558 | -10.4% |
| Amounts receivable within one year | 40/41 | €101,945 | €58,978 | -€42,967 | -42.1% |
| Trade receivables | 40 | €90,613 | €56,601 | -€34,013 | -37.5% |
| Other amounts receivable | 41 | €11,332 | €2,378 | -€8,954 | -79.0% |
| Cash at bank and in hand | 54/58 | €73,712 | €98,090 | +€24,378 | +33.1% |
| Deferred charges and accrued income | 490/1 | €1,942 | €1,973 | +€31 | +1.6% |
| Total equity and liabilities | 10/49 | €308,442 | €275,233 | -€33,209 | -10.8% |
| Equity | 10/15 | €240,384 | €134,346 | -€106,038 | -44.1% |
| Contributions | 10/11 | €7,000 | €20,000 | +€13,000 | +185.7% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €231,384 | €112,346 | -€119,038 | -51.4% |
| Amounts payable | 17/49 | €68,058 | €140,886 | +€72,829 | +107.0% |
| Amounts payable after more than one year | 17 | €23,428 | €79,418 | +€55,990 | +239.0% |
| Financial debts | 170/4 | €23,428 | €79,418 | +€55,990 | +239.0% |
| Amounts payable within one year | 42/48 | €23,917 | €49,378 | +€25,461 | +106.5% |
| Current portion of amounts payable after more than one year | 42 | €13,870 | €14,010 | +€140 | +1.0% |
| Trade debts | 44 | €5,471 | €14,471 | +€8,999 | +164.5% |
| Suppliers | 440/4 | €5,471 | €14,471 | +€8,999 | +164.5% |
| Taxes, remuneration and social security | 45 | €4,575 | €12,257 | +€7,682 | +167.9% |
| Taxes | 450/3 | €4,575 | €12,257 | +€7,682 | +167.9% |
| Other amounts payable | 47/48 | - | €8,640 | +€8,640 | |
| Accrued charges and deferred income | 492/3 | €20,713 | €12,090 | -€8,622 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,136 | €17,012 | -€123 | -0.7% |
| Other operating charges | 640/8 | €1,124 | €973 | -€151 | -13.4% |
| Gross operating margin | 9900 | €35,836 | €52,984 | +€17,148 | +47.9% |
| Operating profit (loss) | 9901 | €17,577 | €34,999 | +€17,423 | +99.1% |
| Financial income | 75/76B | €453 | - | -€453 | |
| Recurring financial income | 75 | €453 | - | -€453 | |
| Financial charges | 65/66B | €597 | €2,996 | +€2,398 | +401.5% |
| Recurring financial charges | 65 | €597 | €2,996 | +€2,398 | +401.5% |
| Profit (loss) for the period before taxes | 9903 | €17,432 | €32,003 | +€14,571 | +83.6% |
| Income taxes | 67/77 | €5,898 | €11,361 | +€5,464 | +92.6% |
| Profit (loss) for the period | 9904 | €11,535 | €20,642 | +€9,107 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,535 | €20,642 | +€9,107 | +79.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.