ZEMONTOUT: 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.
ZEMONTOUT
Largest movements
- Cash -€73,052
down €73,052 (-15.7%), from €463,854 to €390,803
mainly Debts after one year (-€54,914) and Investment in fixed assets (net) (-€50,204)
- Receivables within one year -€36,722
down €36,722 (-40.7%), from €90,208 to €53,486
of which Other amounts receivable: -€58,269
- Debts after one year -€54,914
down €54,914 (-16.2%), from €340,022 to €285,108
- Other debts -€29,753
down €29,753 (-47.5%), from €62,663 to €32,911
- Reserves -€26,000
down €26,000 (-2.4%), from €1.1m to €1.0m
- Financial charges -€27,521
down €27,521 (-75.3%), from €36,549 to €9,028
- Depreciation +€3,882
up €3,882 (+9.2%), from €42,089 to €45,972
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 | €1,518,115 | €1,412,290 | -€105,825 | -7.0% |
| Fixed assets | 21/28 | €956,757 | €960,989 | +€4,232 | +0.4% |
| Tangible fixed assets | 22/27 | €956,757 | €960,989 | +€4,232 | +0.4% |
| Land and buildings | 22 | €944,944 | €927,173 | -€17,771 | -1.9% |
| Plant, machinery and equipment | 23 | - | €25,575 | +€25,575 | |
| Furniture and vehicles | 24 | €11,813 | €8,241 | -€3,572 | -30.2% |
| Current assets | 29/58 | €561,358 | €451,301 | -€110,057 | -19.6% |
| Amounts receivable within one year | 40/41 | €90,208 | €53,486 | -€36,722 | -40.7% |
| Trade receivables | 40 | €29,084 | €50,631 | +€21,547 | +74.1% |
| Other amounts receivable | 41 | €61,124 | €2,855 | -€58,269 | -95.3% |
| Cash at bank and in hand | 54/58 | €463,854 | €390,803 | -€73,052 | -15.7% |
| Deferred charges and accrued income | 490/1 | €7,295 | €7,012 | -€283 | -3.9% |
| Total equity and liabilities | 10/49 | €1,518,115 | €1,412,290 | -€105,825 | -7.0% |
| Equity | 10/15 | €1,044,944 | €1,027,467 | -€17,477 | -1.7% |
| Contributions | 10/11 | €21,200 | €21,200 | = | 0.0% |
| Reserves | 13 | €1,061,675 | €1,035,675 | -€26,000 | -2.4% |
| Distributable reserves | 133 | €1,061,675 | €1,035,675 | -€26,000 | -2.4% |
| Profit (loss) carried forward | 14 | -€37,931 | -€29,408 | +€8,523 | +22.5% |
| Amounts payable | 17/49 | €473,171 | €384,823 | -€88,348 | -18.7% |
| Amounts payable after more than one year | 17 | €340,022 | €285,108 | -€54,914 | -16.2% |
| Financial debts | 170/4 | €340,022 | €285,108 | -€54,914 | -16.2% |
| Amounts payable within one year | 42/48 | €130,412 | €96,980 | -€33,432 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €53,826 | €54,914 | +€1,088 | +2.0% |
| Trade debts | 44 | €5,606 | €3,864 | -€1,742 | -31.1% |
| Suppliers | 440/4 | €5,606 | €3,864 | -€1,742 | -31.1% |
| Taxes, remuneration and social security | 45 | €8,316 | €5,291 | -€3,025 | -36.4% |
| Taxes | 450/3 | €8,316 | €5,291 | -€3,025 | -36.4% |
| Other amounts payable | 47/48 | €62,663 | €32,911 | -€29,753 | -47.5% |
| Accrued charges and deferred income | 492/3 | €2,737 | €2,735 | -€2 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,089 | €45,972 | +€3,882 | +9.2% |
| Other operating charges | 640/8 | €8,911 | €9,066 | +€155 | +1.7% |
| Gross operating margin | 9900 | €66,515 | €66,277 | -€237 | -0.4% |
| Operating profit (loss) | 9901 | €15,514 | €11,240 | -€4,275 | -27.6% |
| Financial income | 75/76B | €6,936 | €6,449 | -€487 | -7.0% |
| Recurring financial income | 75 | €6,936 | €6,449 | -€487 | -7.0% |
| Financial charges | 65/66B | €36,549 | €9,028 | -€27,521 | -75.3% |
| Recurring financial charges | 65 | €36,549 | €9,028 | -€27,521 | -75.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,099 | €8,660 | +€22,759 | |
| Income taxes | 67/77 | €148 | €138 | -€11 | -7.3% |
| Profit (loss) for the period | 9904 | -€14,247 | €8,523 | +€22,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,247 | €8,523 | +€22,770 |
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.