ZIMTOPIA: 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.
ZIMTOPIA
Largest movements
- Tangible fixed assets -€902,857
down €902,857 (-17.9%), from €5.1m to €4.1m
of which Land and buildings: -€933,333
- Current investments -€625,000
no longer reported in 2025 (was €625,000)
- Cash +€401,065
up €401,065 (+315.3%), from €127,215 to €528,280
mainly Investment in fixed assets (net) (+€733,474) and Current investments (+€625,000)
- Debts after one year -€1.5m
down €1.5m (-32.0%), from €4.6m to €3.2m
of which Other amounts payable: -€1.4m
- Other debts +€470,791
up €470,791 (+441.8%), from €106,555 to €577,346
- Profit (loss) carried forward -€135,529
down €135,529 (-25.1%), from -€539,045 to -€674,574
- Gross operating margin -€105,605
down €105,605 (-35.8%), from €295,282 to €189,677
- Other operating charges +€92,061
up €92,061 (+267.8%), from €34,382 to €126,443
- Financial charges -€51,733
down €51,733 (-79.9%), from €64,728 to €12,995
- Depreciation -€27,302
down €27,302 (-13.9%), from €196,685 to €169,383
- Financial income -€14,159
no longer reported in 2025 (was €14,159)
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 | €5,813,438 | €4,694,633 | -€1.1m | -19.2% |
| Fixed assets | 21/28 | €5,051,218 | €4,148,361 | -€902,857 | -17.9% |
| Tangible fixed assets | 22/27 | €5,051,218 | €4,148,361 | -€902,857 | -17.9% |
| Land and buildings | 22 | €5,044,284 | €4,110,951 | -€933,333 | -18.5% |
| Plant, machinery and equipment | 23 | €3,380 | €33,210 | +€29,830 | +882.5% |
| Furniture and vehicles | 24 | €3,554 | €4,200 | +€646 | +18.2% |
| Current assets | 29/58 | €762,220 | €546,272 | -€215,948 | -28.3% |
| Stocks and contracts in progress | 3 | €2,746 | €2,746 | = | 0.0% |
| Stocks | 30/36 | €2,746 | €2,746 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,960 | €14,412 | +€9,452 | +190.6% |
| Trade receivables | 40 | €137 | €1,079 | +€942 | +687.6% |
| Other amounts receivable | 41 | €4,823 | €13,333 | +€8,510 | +176.4% |
| Current investments | 50/53 | €625,000 | - | -€625,000 | |
| Cash at bank and in hand | 54/58 | €127,215 | €528,280 | +€401,065 | +315.3% |
| Deferred charges and accrued income | 490/1 | €2,299 | €834 | -€1,465 | -63.7% |
| Total equity and liabilities | 10/49 | €5,813,438 | €4,694,633 | -€1.1m | -19.2% |
| Equity | 10/15 | €910,955 | €775,426 | -€135,529 | -14.9% |
| Contributions | 10/11 | €1,450,000 | €1,450,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€539,045 | -€674,574 | -€135,529 | -25.1% |
| Amounts payable | 17/49 | €4,902,483 | €3,919,207 | -€983,276 | -20.1% |
| Amounts payable after more than one year | 17 | €4,639,170 | €3,153,283 | -€1.5m | -32.0% |
| Financial debts | 170/4 | €889,170 | €753,283 | -€135,887 | -15.3% |
| Other amounts payable | 178/9 | €3,750,000 | €2,400,000 | -€1.4m | -36.0% |
| Amounts payable within one year | 42/48 | €261,898 | €757,585 | +€495,687 | +189.3% |
| Current portion of amounts payable after more than one year | 42 | €134,244 | €135,886 | +€1,642 | +1.2% |
| Trade debts | 44 | €11,754 | €42,560 | +€30,806 | +262.1% |
| Suppliers | 440/4 | €11,754 | €42,560 | +€30,806 | +262.1% |
| Taxes, remuneration and social security | 45 | €9,345 | €1,793 | -€7,552 | -80.8% |
| Taxes | 450/3 | €9,345 | €1,793 | -€7,552 | -80.8% |
| Other amounts payable | 47/48 | €106,555 | €577,346 | +€470,791 | +441.8% |
| Accrued charges and deferred income | 492/3 | €1,415 | €8,339 | +€6,924 | +489.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196,685 | €169,383 | -€27,302 | -13.9% |
| Other operating charges | 640/8 | €34,382 | €126,443 | +€92,061 | +267.8% |
| Gross operating margin | 9900 | €295,282 | €189,677 | -€105,605 | -35.8% |
| Operating profit (loss) | 9901 | €64,215 | -€106,149 | -€170,364 | |
| Financial income | 75/76B | €14,159 | - | -€14,159 | |
| Recurring financial income | 75 | €14,159 | - | -€14,159 | |
| Financial charges | 65/66B | €64,728 | €12,995 | -€51,733 | -79.9% |
| Recurring financial charges | 65 | €64,728 | €12,995 | -€51,733 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €13,646 | -€119,144 | -€132,790 | |
| Income taxes | 67/77 | €22,702 | €16,386 | -€6,316 | -27.8% |
| Profit (loss) for the period | 9904 | -€9,056 | -€135,530 | -€126,474 | -1396.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,056 | -€135,530 | -€126,474 | -1396.6% |
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 9 October 2026 via checked.be.