ZM LAB: 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 LAB
Largest movements
- Receivables within one year +€29,831
up €29,831 (+123%), from €24,189 to €54,020
of which Trade receivables: +€24,831
- Cash +€13,775
up €13,775 (+644%), from €2,140 to €15,915
mainly Net result for the year (+€31,813) and Other debts (+€26,460)
- Tangible fixed assets -€10,403
down €10,403 (-45.2%), from €23,021 to €12,618
of which Plant, machinery and equipment: -€9,595
- Other debts +€26,460
up €26,460 (+1,750%), from €1,512 to €27,973
- Tax, wage and social debts +€16,276
up €16,276 (+242%), from €6,730 to €23,006
of which Taxes: +€9,776
- Advances received -€7,659
no longer reported in 2025 (was €7,659)
- Trade debts -€2,438
down €2,438 (-25.3%), from €9,651 to €7,213
- Gross operating margin +€12,455
up €12,455 (+33.4%), from €37,265 to €49,720
- Depreciation +€3,020
up €3,020 (+40.9%), from €7,384 to €10,403
- Taxes +€975
up €975 (+14.9%), from €6,550 to €7,525
- Other operating charges -€721
no longer reported in 2025 (was €721)
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 | €53,250 | €86,453 | +€33,203 | +62.4% |
| Fixed assets | 21/28 | €26,921 | €16,518 | -€10,403 | -38.6% |
| Tangible fixed assets | 22/27 | €23,021 | €12,618 | -€10,403 | -45.2% |
| Plant, machinery and equipment | 23 | €21,989 | €12,394 | -€9,595 | -43.6% |
| Furniture and vehicles | 24 | €1,032 | €223 | -€809 | -78.4% |
| Financial fixed assets | 28 | €3,900 | €3,900 | = | 0.0% |
| Current assets | 29/58 | €26,329 | €69,935 | +€43,606 | +166% |
| Amounts receivable within one year | 40/41 | €24,189 | €54,020 | +€29,831 | +123% |
| Trade receivables | 40 | €24,189 | €49,020 | +€24,831 | +103% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €2,140 | €15,915 | +€13,775 | +644% |
| Total equity and liabilities | 10/49 | €53,250 | €86,453 | +€33,203 | +62.4% |
| Equity | 10/15 | €27,698 | €28,261 | +€563 | +2.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,698 | €23,261 | +€563 | +2.5% |
| Amounts payable | 17/49 | €25,552 | €58,192 | +€32,640 | +128% |
| Amounts payable within one year | 42/48 | €25,552 | €58,192 | +€32,640 | +128% |
| Trade debts | 44 | €9,651 | €7,213 | -€2,438 | -25.3% |
| Suppliers | 440/4 | €9,651 | €7,213 | -€2,438 | -25.3% |
| Advances received on contracts in progress | 46 | €7,659 | - | -€7,659 | |
| Taxes, remuneration and social security | 45 | €6,730 | €23,006 | +€16,276 | +242% |
| Taxes | 450/3 | €6,730 | €16,506 | +€9,776 | +145% |
| Remuneration and social security | 454/9 | - | €6,500 | +€6,500 | |
| Other amounts payable | 47/48 | €1,512 | €27,973 | +€26,460 | +1,750% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,384 | €10,403 | +€3,020 | +40.9% |
| Other operating charges | 640/8 | €721 | - | -€721 | |
| Gross operating margin | 9900 | €37,265 | €49,720 | +€12,455 | +33.4% |
| Operating profit (loss) | 9901 | €29,161 | €39,317 | +€10,156 | +34.8% |
| Financial income | 75/76B | €106 | €87 | -€19 | -18.1% |
| Recurring financial income | 75 | €106 | €87 | -€19 | -18.1% |
| Financial charges | 65/66B | €19 | €66 | +€47 | +245% |
| Recurring financial charges | 65 | €19 | €66 | +€47 | +245% |
| Profit (loss) for the period before taxes | 9903 | €29,248 | €39,338 | +€10,090 | +34.5% |
| Income taxes | 67/77 | €6,550 | €7,525 | +€975 | +14.9% |
| Profit (loss) for the period | 9904 | €22,698 | €31,813 | +€9,115 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,698 | €31,813 | +€9,115 | +40.2% |
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 14 October 2026 via checked.be.