ZHM ELECTRO: 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.
ZHM ELECTRO
Largest movements
- Tangible fixed assets +€7,800
new in 2025: €7,800
- Receivables within one year +€5,142
up €5,142 (+506%), from €1,016 to €6,158
of which Trade receivables: +€3,838
- Cash -€4,703
down €4,703 (-33.4%), from €14,061 to €9,358
mainly Investment in fixed assets (net) (-€11,700) and Receivables within one year (-€5,142)
- Profit (loss) carried forward +€7,266
up €7,266 (+61.3%), from €11,846 to €19,112
- Other debts +€667
up €667 (+57.9%), from €1,152 to €1,819
- Trade debts +€307
up €307 (+388%), from €79 to €386
- Gross operating margin +€5,782
up €5,782 (+78.0%), from €7,414 to €13,196
- Depreciation +€3,900
new in 2025: €3,900
- Taxes +€1,220
new in 2025: €1,220
- Other operating charges +€677
new in 2025: €677
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 | €15,077 | €23,316 | +€8,239 | +54.6% |
| Fixed assets | 21/28 | - | €7,800 | +€7,800 | |
| Tangible fixed assets | 22/27 | - | €7,800 | +€7,800 | |
| Furniture and vehicles | 24 | - | €7,800 | +€7,800 | |
| Current assets | 29/58 | €15,077 | €15,516 | +€439 | +2.9% |
| Amounts receivable within one year | 40/41 | €1,016 | €6,158 | +€5,142 | +506% |
| Trade receivables | 40 | - | €3,838 | +€3,838 | |
| Other amounts receivable | 41 | €1,016 | €2,321 | +€1,305 | +128% |
| Cash at bank and in hand | 54/58 | €14,061 | €9,358 | -€4,703 | -33.4% |
| Total equity and liabilities | 10/49 | €15,077 | €23,316 | +€8,239 | +54.6% |
| Equity | 10/15 | €13,846 | €21,112 | +€7,266 | +52.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,846 | €19,112 | +€7,266 | +61.3% |
| Amounts payable | 17/49 | €1,231 | €2,204 | +€973 | +79.1% |
| Amounts payable within one year | 42/48 | €1,231 | €2,204 | +€973 | +79.1% |
| Trade debts | 44 | €79 | €386 | +€307 | +388% |
| Suppliers | 440/4 | €79 | €386 | +€307 | +388% |
| Other amounts payable | 47/48 | €1,152 | €1,819 | +€667 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,900 | +€3,900 | |
| Other operating charges | 640/8 | - | €677 | +€677 | |
| Gross operating margin | 9900 | €7,414 | €13,196 | +€5,782 | +78.0% |
| Operating profit (loss) | 9901 | €7,414 | €8,618 | +€1,204 | +16.2% |
| Financial charges | 65/66B | €136 | €133 | -€3 | -2.1% |
| Recurring financial charges | 65 | €136 | €133 | -€3 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €7,278 | €8,486 | +€1,207 | +16.6% |
| Income taxes | 67/77 | - | €1,220 | +€1,220 | |
| Profit (loss) for the period | 9904 | €7,278 | €7,266 | -€12 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,278 | €7,266 | -€12 | -0.2% |
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 21 October 2026 via checked.be.