ZIMMERMANN NICOLE: 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.
ZIMMERMANN NICOLE
Largest movements
- Cash -€6,163
down €6,163 (-44.5%), from €13,850 to €7,686
mainly Investment in fixed assets (net) (-€4,295) and Receivables within one year (-€2,109)
- Tangible fixed assets +€2,831
up €2,831 (+40.7%), from €6,962 to €9,793
of which Plant, machinery and equipment: +€3,481
- Receivables within one year +€2,109
up €2,109 (+451%), from €468 to €2,577
of which Trade receivables: +€1,506
- Other debts -€1,344
down €1,344 (-22.1%), from €6,079 to €4,734
- Tax, wage and social debts -€669
no longer reported in 2025 (was €669)
- Trade debts +€386
up €386 (+13.7%), from €2,827 to €3,213
- Gross operating margin -€2,472
down €2,472 (-42.4%), from €5,834 to €3,362
- Taxes -€654
down €654 (-41.4%), from €1,581 to €926
- Other operating charges +€237
up €237 (+52.8%), from €449 to €687
- Financial charges -€220
down €220 (-55.1%), from €399 to €179
- Financial income -€64
down €64 (-39.8%), from €162 to €98
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 | €21,679 | €20,256 | -€1,422 | -6.6% |
| Fixed assets | 21/28 | €7,162 | €9,993 | +€2,831 | +39.5% |
| Tangible fixed assets | 22/27 | €6,962 | €9,793 | +€2,831 | +40.7% |
| Land and buildings | 22 | €5,922 | €5,272 | -€650 | -11.0% |
| Plant, machinery and equipment | 23 | €1,040 | €4,522 | +€3,481 | +335% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €14,517 | €10,263 | -€4,253 | -29.3% |
| Amounts receivable within one year | 40/41 | €468 | €2,577 | +€2,109 | +451% |
| Trade receivables | 40 | - | €1,506 | +€1,506 | |
| Other amounts receivable | 41 | €468 | €1,071 | +€602 | +129% |
| Cash at bank and in hand | 54/58 | €13,850 | €7,686 | -€6,163 | -44.5% |
| Deferred charges and accrued income | 490/1 | €199 | - | -€199 | |
| Total equity and liabilities | 10/49 | €21,679 | €20,256 | -€1,422 | -6.6% |
| Equity | 10/15 | €12,104 | €12,309 | +€205 | +1.7% |
| Reserves | 13 | €12,104 | €12,309 | +€205 | +1.7% |
| Distributable reserves | 133 | €12,104 | €12,309 | +€205 | +1.7% |
| Amounts payable | 17/49 | €9,574 | €7,947 | -€1,627 | -17.0% |
| Amounts payable within one year | 42/48 | €9,574 | €7,947 | -€1,627 | -17.0% |
| Trade debts | 44 | €2,827 | €3,213 | +€386 | +13.7% |
| Suppliers | 440/4 | €2,827 | €3,213 | +€386 | +13.7% |
| Taxes, remuneration and social security | 45 | €669 | - | -€669 | |
| Taxes | 450/3 | €669 | - | -€669 | |
| Other amounts payable | 47/48 | €6,079 | €4,734 | -€1,344 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,408 | €1,464 | +€55 | +3.9% |
| Other operating charges | 640/8 | €449 | €687 | +€237 | +52.8% |
| Gross operating margin | 9900 | €5,834 | €3,362 | -€2,472 | -42.4% |
| Operating profit (loss) | 9901 | €3,977 | €1,212 | -€2,765 | -69.5% |
| Financial income | 75/76B | €162 | €98 | -€64 | -39.8% |
| Recurring financial income | 75 | €162 | €98 | -€64 | -39.8% |
| Financial charges | 65/66B | €399 | €179 | -€220 | -55.1% |
| Recurring financial charges | 65 | €399 | €179 | -€220 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €3,740 | €1,131 | -€2,609 | -69.8% |
| Income taxes | 67/77 | €1,581 | €926 | -€654 | -41.4% |
| Profit (loss) for the period | 9904 | €2,160 | €205 | -€1,955 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,160 | €205 | -€1,955 | -90.5% |
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 23 October 2026 via checked.be.