ZM Bulkline: 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.
ZM Bulkline
Largest movements
- Cash +€4,785
up €4,785 (+317%), from €1,509 to €6,294
mainly Debts after one year (+€52,152) and Net result for the year (+€42,337)
- Current portion of long-term debt -€73,401
down €73,401 (-83.5%), from €87,941 to €14,540
- Debts after one year +€52,152
up €52,152 (+152%), from €34,347 to €86,499
- Tax, wage and social debts +€23,546
up €23,546 (+658%), from €3,581 to €27,127
of which Taxes: +€22,366
- Trade debts -€3,049
down €3,049 (-29.7%), from €10,250 to €7,201
- Profit (loss) carried forward +€2,337
up €2,337 (+8.3%), from €28,201 to €30,537
- Gross operating margin +€46,956
up €46,956 (+149%), from €31,460 to €78,415
- Taxes +€10,366
up €10,366 (+289%), from €3,581 to €13,946
- Financial charges -€3,705
down €3,705 (-21.6%), from €17,119 to €13,414
- Staff costs +€1,776
up €1,776 (+36.0%), from €4,934 to €6,709
- Financial income +€1,430
up €1,430 (+33.2%), from €4,309 to €5,739
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,846 | €204,322 | +€2,477 | +1.2% |
| Fixed assets | 21/28 | €19,562 | €17,947 | -€1,616 | -8.3% |
| Tangible fixed assets | 22/27 | €15,820 | €14,205 | -€1,616 | -10.2% |
| Furniture and vehicles | 24 | - | €3,315 | +€3,315 | |
| Other tangible fixed assets | 26 | €15,820 | €10,889 | -€4,931 | -31.2% |
| Financial fixed assets | 28 | €3,742 | €3,742 | = | 0.0% |
| Current assets | 29/58 | €182,283 | €186,376 | +€4,092 | +2.2% |
| Stocks and contracts in progress | 3 | €6,784 | €5,474 | -€1,310 | -19.3% |
| Stocks | 30/36 | €6,784 | €5,474 | -€1,310 | -19.3% |
| Amounts receivable within one year | 40/41 | €173,991 | €174,609 | +€618 | +0.4% |
| Trade receivables | 40 | €68,106 | €78,787 | +€10,680 | +15.7% |
| Other amounts receivable | 41 | €105,885 | €95,822 | -€10,063 | -9.5% |
| Cash at bank and in hand | 54/58 | €1,509 | €6,294 | +€4,785 | +317% |
| Total equity and liabilities | 10/49 | €201,846 | €204,322 | +€2,477 | +1.2% |
| Equity | 10/15 | €51,799 | €54,136 | +€2,337 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,999 | €4,999 | = | 0.0% |
| Distributable reserves | 133 | €4,999 | €4,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,201 | €30,537 | +€2,337 | +8.3% |
| Amounts payable | 17/49 | €150,047 | €150,186 | +€140 | +0.1% |
| Amounts payable after more than one year | 17 | €34,347 | €86,499 | +€52,152 | +152% |
| Financial debts | 170/4 | €34,347 | €86,499 | +€52,152 | +152% |
| Amounts payable within one year | 42/48 | €101,771 | €48,868 | -€52,904 | -52.0% |
| Current portion of amounts payable after more than one year | 42 | €87,941 | €14,540 | -€73,401 | -83.5% |
| Trade debts | 44 | €10,250 | €7,201 | -€3,049 | -29.7% |
| Suppliers | 440/4 | €10,250 | €7,201 | -€3,049 | -29.7% |
| Taxes, remuneration and social security | 45 | €3,581 | €27,127 | +€23,546 | +658% |
| Taxes | 450/3 | €3,581 | €25,946 | +€22,366 | +625% |
| Remuneration and social security | 454/9 | - | €1,180 | +€1,180 | |
| Accrued charges and deferred income | 492/3 | €13,928 | €14,820 | +€892 | +6.4% |
| Non-recurring operating income | 76A | €1,340 | - | -€1,340 | |
| Remuneration, social security and pensions | 62 | €4,934 | €6,709 | +€1,776 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,931 | €5,069 | +€138 | +2.8% |
| Other operating charges | 640/8 | €1,578 | €1,429 | -€149 | -9.5% |
| Non-recurring operating charges | 66A | - | €1,250 | +€1,250 | |
| Gross operating margin | 9900 | €31,460 | €78,415 | +€46,956 | +149% |
| Operating profit (loss) | 9901 | €20,016 | €63,958 | +€43,941 | +220% |
| Financial income | 75/76B | €4,309 | €5,739 | +€1,430 | +33.2% |
| Recurring financial income | 75 | €4,309 | €5,739 | +€1,430 | +33.2% |
| Financial charges | 65/66B | €17,119 | €13,414 | -€3,705 | -21.6% |
| Recurring financial charges | 65 | €17,119 | €13,414 | -€3,705 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €7,206 | €56,283 | +€49,077 | +681% |
| Income taxes | 67/77 | €3,581 | €13,946 | +€10,366 | +289% |
| Profit (loss) for the period | 9904 | €3,626 | €42,337 | +€38,711 | +1,068% |
| Profit (loss) for the period to be appropriated | 9905 | €3,626 | €42,337 | +€38,711 | +1,068% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.