Zimmer Staal: 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.
What changed
Zimmer Staal
NACE 46.820, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.0m
2024 · €1.9m+€1.1m
Equity
€20.4m
2024 · €20.2m+€223,283
Cash
€946,273
2024 · €81,422+€864,851
Balance sheet total
€109.0m
2024 · €82.4m+€26.6m
Largest movements
Assets
- Stocks and contracts +€31.4m
up €31.4m (+57.8%), from €54.4m to €85.8m
- Receivables within one year -€5.5m
down €5.5m (-23.1%), from €23.7m to €18.2m
of which Trade receivables: -€4.3m
Equity and liabilities
- Debts after one year +€19.7m
up €19.7m (+1,000%), from €2.0m to €21.7m
- Trade debts +€14.7m
up €14.7m (+87.7%), from €16.8m to €31.5m
- Short-term financial debts -€6.2m
down €6.2m (-15.5%), from €40.2m to €34.0m
of which Credit institutions: -€6.2m
- Tax, wage and social debts -€1.8m
down €1.8m (-61.7%), from €2.9m to €1.1m
of which Taxes: -€1.7m
Income statement
- Turnover -€25.5m
down €25.5m (-19.8%), from €128.7m to €103.2m
- Goods and materials -€23.3m
down €23.3m (-19.6%), from €119.1m to €95.8m
of which Change in stocks: decrease (increase): -€23.0m
- Write-downs -€2.1m
down €2.1m (-155%), from -€1.4m to -€3.5m
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.
Result 2024
€1.9m
Turnover
-€25.5m
Other operating income
+€1.1m
Goods and materials
+€23.3m
Services and other goods
-€165,655
Staff costs
-€73,902
Depreciation
+€27,215
Write-downs
+€2.1m
Other operating charges
+€37,287
Other operating items
+€26,460
Financial income
-€227,887
Financial charges
+€862,820
Taxes
-€367,947
Result 2025
€3.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€9.8m
Investment
-€57,250
Financing
+€10.7m
Cash 2024
€81,422
From operations (derived)
-€9.8m
Net result for the year
+€3.0m
Depreciation
+€271,727
Stocks and contracts
-€31.4m
Receivables within one year
+€5.5m
Deferred charges and accrued income
-€17,644
Trade debts
+€14.7m
Tax, wage and social debts
-€1.8m
Investment (derived)
-€57,250
Investment in fixed assets (net)
-€57,250
Financing
+€10.7m
Debts after one year
+€19.7m
Current portion of long-term debt
-€27,235
Short-term financial debts
-€6.2m
Contributions, distributions and other
-€2.8m
Cash 2025
€946,273
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,378,570 | €109,010,794 | +€26.6m | +32.3% |
| Fixed assets | 21/28 | €4,054,041 | €3,839,564 | -€214,477 | -5.3% |
| Intangible fixed assets | 21 | €2,039 | €701 | -€1,337 | -65.6% |
| Tangible fixed assets | 22/27 | €4,050,884 | €3,837,744 | -€213,140 | -5.3% |
| Land and buildings | 22 | €1,264,899 | €1,230,527 | -€34,372 | -2.7% |
| Plant, machinery and equipment | 23 | €41,711 | €39,821 | -€1,891 | -4.5% |
| Furniture and vehicles | 24 | €411,539 | €314,806 | -€96,733 | -23.5% |
| Other tangible fixed assets | 26 | €2,332,735 | €2,252,591 | -€80,144 | -3.4% |
| Financial fixed assets | 28 | €1,118 | €1,118 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,118 | €1,118 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,118 | €1,118 | = | 0.0% |
| Current assets | 29/58 | €78,324,530 | €105,171,230 | +€26.8m | +34.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €54,386,524 | €85,817,988 | +€31.4m | +57.8% |
| Stocks | 30/36 | €54,386,524 | €85,817,988 | +€31.4m | +57.8% |
| Goods purchased for resale | 34 | €54,386,524 | €85,817,988 | +€31.4m | +57.8% |
| Amounts receivable within one year | 40/41 | €23,689,000 | €18,221,741 | -€5.5m | -23.1% |
| Trade receivables | 40 | €22,380,144 | €18,033,243 | -€4.3m | -19.4% |
| Other amounts receivable | 41 | €1,308,856 | €188,498 | -€1.1m | -85.6% |
| Cash at bank and in hand | 54/58 | €81,422 | €946,273 | +€864,851 | +1,062% |
| Deferred charges and accrued income | 490/1 | €167,583 | €185,228 | +€17,644 | +10.5% |
| Total equity and liabilities | 10/49 | €82,378,570 | €109,010,794 | +€26.6m | +32.3% |
| Equity | 10/15 | €20,155,087 | €20,378,369 | +€223,283 | +1.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €20,093,587 | €20,316,869 | +€223,283 | +1.1% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €20,068,797 | €20,292,080 | +€223,283 | +1.1% |
| Amounts payable | 17/49 | €62,223,484 | €88,632,424 | +€26.4m | +42.4% |
| Amounts payable after more than one year | 17 | €1,972,043 | €21,696,997 | +€19.7m | +1,000% |
| Financial debts | 170/4 | €1,972,043 | €21,696,997 | +€19.7m | +1,000% |
| Subordinated loans | 170 | - | €20,000,000 | +€20.0m | |
| Credit institutions | 173 | €1,972,043 | €1,696,997 | -€275,046 | -13.9% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €60,251,441 | €66,935,427 | +€6.7m | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €302,281 | €275,046 | -€27,235 | -9.0% |
| Financial debts | 43 | €40,202,928 | €33,988,380 | -€6.2m | -15.5% |
| Credit institutions | 430/8 | €40,202,872 | €33,988,324 | -€6.2m | -15.5% |
| Other loans | 439 | €56 | €56 | = | 0.0% |
| Trade debts | 44 | €16,800,111 | €31,541,702 | +€14.7m | +87.7% |
| Suppliers | 440/4 | €16,800,111 | €31,541,702 | +€14.7m | +87.7% |
| Taxes, remuneration and social security | 45 | €2,943,300 | €1,127,479 | -€1.8m | -61.7% |
| Taxes | 450/3 | €2,829,652 | €1,113,929 | -€1.7m | -60.6% |
| Remuneration and social security | 454/9 | €113,648 | €13,550 | -€100,097 | -88.1% |
| Other amounts payable | 47/48 | €2,820 | €2,820 | = | 0.0% |
| Operating income | 70/76A | €129,552,179 | €105,079,213 | -€24.5m | -18.9% |
| Turnover | 70 | €128,737,788 | €103,207,127 | -€25.5m | -19.8% |
| Other operating income | 74 | €814,391 | €1,872,086 | +€1.1m | +130% |
| Operating charges | 60/66A | €123,994,139 | €98,682,366 | -€25.3m | -20.4% |
| Goods for resale, raw materials and consumables | 60 | €119,089,614 | €95,753,024 | -€23.3m | -19.6% |
| Purchases | 600/8 | €124,008,213 | €123,621,809 | -€386,404 | -0.3% |
| Change in stocks: decrease (increase) | 609 | -€4,918,600 | -€27,868,785 | -€23.0m | -467% |
| Services and other goods | 61 | €4,709,044 | €4,874,699 | +€165,655 | +3.5% |
| Remuneration, social security and pensions | 62 | €1,183,088 | €1,256,990 | +€73,902 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298,942 | €271,727 | -€27,215 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,368,958 | -€3,492,737 | -€2.1m | -155% |
| Other operating charges | 640/8 | €55,950 | €18,662 | -€37,287 | -66.6% |
| Non-recurring operating charges | 66A | €26,460 | €0 | -€26,460 | -100% |
| Operating profit (loss) | 9901 | €5,558,040 | €6,396,847 | +€838,807 | +15.1% |
| Financial income | 75/76B | €585,857 | €357,970 | -€227,887 | -38.9% |
| Recurring financial income | 75 | €585,857 | €357,970 | -€227,887 | -38.9% |
| Other financial income | 752/9 | €585,857 | €357,970 | -€227,887 | -38.9% |
| Financial charges | 65/66B | €3,411,727 | €2,548,907 | -€862,820 | -25.3% |
| Recurring financial charges | 65 | €3,411,727 | €2,548,907 | -€862,820 | -25.3% |
| Debt charges | 650 | €2,848,122 | €2,080,699 | -€767,423 | -26.9% |
| Other financial charges | 652/9 | €563,605 | €468,207 | -€95,398 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €2,732,170 | €4,205,910 | +€1.5m | +53.9% |
| Income taxes | 67/77 | €806,435 | €1,174,382 | +€367,947 | +45.6% |
| Taxes | 670/3 | €806,435 | €1,174,382 | +€367,947 | +45.6% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,925,735 | €3,031,528 | +€1.1m | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,925,735 | €3,031,528 | +€1.1m | +57.4% |
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 19 October 2026 via checked.be.