ZiEME: 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.
ZiEME
Largest movements
- Tangible fixed assets -€10,211
down €10,211 (-20.7%), from €49,229 to €39,018
- Cash -€4,586
down €4,586 (-13.4%), from €34,233 to €29,647
mainly Contributions, distributions and other (-€30,000) and Debts after one year (-€10,338)
- Deferred charges and accrued income -€3,099
down €3,099 (-55.4%), from €5,592 to €2,493
- Contributions -€18,550
down €18,550 (-99.7%), from €18,600 to €50
- Profit (loss) carried forward +€13,366
up €13,366 (+462.3%), from €2,891 to €16,257
- Debts after one year -€10,338
down €10,338 (-66.3%), from €15,594 to €5,256
- Reserves -€8,558
down €8,558 (-17.1%), from €50,089 to €41,530
of which Distributable reserves: -€8,558
- Tax, wage and social debts +€7,550
up €7,550 (+30754.0%), from €25 to €7,575
- Gross operating margin +€16,802
up €16,802 (+66.3%), from €25,360 to €42,162
- Taxes +€3,224
up €3,224 (+201.4%), from €1,601 to €4,824
- Depreciation +€638
up €638 (+3.2%), from €19,901 to €20,538
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 | €101,817 | €83,371 | -€18,447 | -18.1% |
| Fixed assets | 21/28 | €49,229 | €39,018 | -€10,211 | -20.7% |
| Tangible fixed assets | 22/27 | €49,229 | €39,018 | -€10,211 | -20.7% |
| Furniture and vehicles | 24 | €49,229 | €39,018 | -€10,211 | -20.7% |
| Current assets | 29/58 | €52,589 | €44,353 | -€8,236 | -15.7% |
| Amounts receivable within one year | 40/41 | €12,763 | €12,212 | -€551 | -4.3% |
| Trade receivables | 40 | €12,161 | €12,161 | = | 0.0% |
| Other amounts receivable | 41 | €603 | €52 | -€551 | -91.4% |
| Cash at bank and in hand | 54/58 | €34,233 | €29,647 | -€4,586 | -13.4% |
| Deferred charges and accrued income | 490/1 | €5,592 | €2,493 | -€3,099 | -55.4% |
| Total equity and liabilities | 10/49 | €101,817 | €83,371 | -€18,447 | -18.1% |
| Equity | 10/15 | €71,580 | €57,837 | -€13,743 | -19.2% |
| Contributions | 10/11 | €18,600 | €50 | -€18,550 | -99.7% |
| Reserves | 13 | €50,089 | €41,530 | -€8,558 | -17.1% |
| Non-distributable reserves | 130/1 | €560 | €560 | = | 0.0% |
| Reserves not available under the articles | 1311 | €560 | €560 | = | 0.0% |
| Distributable reserves | 133 | €49,529 | €40,970 | -€8,558 | -17.3% |
| Profit (loss) carried forward | 14 | €2,891 | €16,257 | +€13,366 | +462.3% |
| Amounts payable | 17/49 | €30,238 | €25,534 | -€4,704 | -15.6% |
| Amounts payable after more than one year | 17 | €15,594 | €5,256 | -€10,338 | -66.3% |
| Financial debts | 170/4 | €15,594 | €5,256 | -€10,338 | -66.3% |
| Amounts payable within one year | 42/48 | €14,644 | €20,277 | +€5,634 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €10,108 | €10,338 | +€230 | +2.3% |
| Trade debts | 44 | €1,477 | €902 | -€575 | -38.9% |
| Suppliers | 440/4 | €1,477 | €902 | -€575 | -38.9% |
| Taxes, remuneration and social security | 45 | €25 | €7,575 | +€7,550 | +30754.0% |
| Taxes | 450/3 | €25 | €7,575 | +€7,550 | +30754.0% |
| Other amounts payable | 47/48 | €3,034 | €1,463 | -€1,571 | -51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,901 | €20,538 | +€638 | +3.2% |
| Other operating charges | 640/8 | €376 | €120 | -€256 | -68.1% |
| Gross operating margin | 9900 | €25,360 | €42,162 | +€16,802 | +66.3% |
| Operating profit (loss) | 9901 | €5,082 | €21,503 | +€16,421 | +323.1% |
| Financial income | 75/76B | €175 | €149 | -€26 | -14.7% |
| Recurring financial income | 75 | €175 | €149 | -€26 | -14.7% |
| Financial charges | 65/66B | €766 | €572 | -€194 | -25.3% |
| Recurring financial charges | 65 | €766 | €572 | -€194 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €4,492 | €21,081 | +€16,589 | +369.3% |
| Income taxes | 67/77 | €1,601 | €4,824 | +€3,224 | +201.4% |
| Profit (loss) for the period | 9904 | €2,891 | €16,257 | +€13,366 | +462.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,891 | €16,257 | +€13,366 | +462.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.