ZIEMA: 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.
ZIEMA
Largest movements
- Current investments +€25,000
up €25,000 (+83.3%), from €30,000 to €55,000
- Receivables within one year +€14,474
up €14,474 (+109%), from €13,279 to €27,754
of which Trade receivables: +€14,512
- Tangible fixed assets +€12,107
up €12,107 (+198%), from €6,114 to €18,222
of which Land and buildings: +€13,809
- Cash -€3,203
down €3,203 (-45.7%), from €7,007 to €3,803
mainly Current investments (-€25,000) and Investment in fixed assets (net) (-€14,583)
- Reserves +€36,000
up €36,000 (+113%), from €32,000 to €68,000
- Trade debts +€12,278
up €12,278 (+501%), from €2,450 to €14,728
- Tax, wage and social debts +€2,088
up €2,088 (+9.9%), from €21,168 to €23,256
of which Remuneration and social security: +€23,256
- Other debts -€1,484
down €1,484 (-95.5%), from €1,554 to €70
- Gross operating margin +€7,582
up €7,582 (+16.2%), from €46,941 to €54,523
- Taxes +€1,533
up €1,533 (+12.2%), from €12,611 to €14,144
- Depreciation +€1,199
up €1,199 (+93.9%), from €1,276 to €2,475
- Financial charges +€774
up €774 (+178%), from €434 to €1,207
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 | €58,218 | €107,468 | +€49,250 | +84.6% |
| Fixed assets | 21/28 | €6,114 | €18,222 | +€12,107 | +198% |
| Tangible fixed assets | 22/27 | €6,114 | €18,222 | +€12,107 | +198% |
| Land and buildings | 22 | - | €13,809 | +€13,809 | |
| Plant, machinery and equipment | 23 | €4,989 | €3,846 | -€1,143 | -22.9% |
| Furniture and vehicles | 24 | €1,126 | €567 | -€559 | -49.7% |
| Current assets | 29/58 | €52,104 | €89,246 | +€37,143 | +71.3% |
| Amounts receivable within one year | 40/41 | €13,279 | €27,754 | +€14,474 | +109% |
| Trade receivables | 40 | €13,242 | €27,754 | +€14,512 | +110% |
| Other amounts receivable | 41 | €38 | - | -€38 | |
| Current investments | 50/53 | €30,000 | €55,000 | +€25,000 | +83.3% |
| Cash at bank and in hand | 54/58 | €7,007 | €3,803 | -€3,203 | -45.7% |
| Deferred charges and accrued income | 490/1 | €1,818 | €2,689 | +€871 | +47.9% |
| Total equity and liabilities | 10/49 | €58,218 | €107,468 | +€49,250 | +84.6% |
| Equity | 10/15 | €33,026 | €69,381 | +€36,355 | +110% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,000 | €68,000 | +€36,000 | +113% |
| Distributable reserves | 133 | €32,000 | €68,000 | +€36,000 | +113% |
| Profit (loss) carried forward | 14 | €26 | €381 | +€355 | +1,352% |
| Amounts payable | 17/49 | €25,192 | €38,087 | +€12,895 | +51.2% |
| Amounts payable within one year | 42/48 | €25,172 | €38,054 | +€12,882 | +51.2% |
| Trade debts | 44 | €2,450 | €14,728 | +€12,278 | +501% |
| Suppliers | 440/4 | €2,450 | €14,728 | +€12,278 | +501% |
| Taxes, remuneration and social security | 45 | €21,168 | €23,256 | +€2,088 | +9.9% |
| Taxes | 450/3 | €21,168 | - | -€21,168 | |
| Remuneration and social security | 454/9 | - | €23,256 | +€23,256 | |
| Other amounts payable | 47/48 | €1,554 | €70 | -€1,484 | -95.5% |
| Accrued charges and deferred income | 492/3 | €20 | €33 | +€13 | +66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,276 | €2,475 | +€1,199 | +93.9% |
| Other operating charges | 640/8 | €690 | €760 | +€69 | +10.0% |
| Gross operating margin | 9900 | €46,941 | €54,523 | +€7,582 | +16.2% |
| Operating profit (loss) | 9901 | €44,975 | €51,289 | +€6,314 | +14.0% |
| Financial income | 75/76B | €96 | €418 | +€321 | +333% |
| Recurring financial income | 75 | €96 | €418 | +€321 | +333% |
| Financial charges | 65/66B | €434 | €1,207 | +€774 | +178% |
| Recurring financial charges | 65 | €434 | €1,207 | +€774 | +178% |
| Profit (loss) for the period before taxes | 9903 | €44,638 | €50,499 | +€5,861 | +13.1% |
| Income taxes | 67/77 | €12,611 | €14,144 | +€1,533 | +12.2% |
| Profit (loss) for the period | 9904 | €32,026 | €36,355 | +€4,328 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,026 | €36,355 | +€4,328 | +13.5% |
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 15 October 2026 via checked.be.