ZM SERVICES: 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 SERVICES
Largest movements
- Cash +€9,890
up €9,890 (+66.4%), from €14,897 to €24,787
mainly Other debts (+€29,750) and Net result for the year (+€16,533)
- Receivables within one year +€7,228
up €7,228 (+35.3%), from €20,466 to €27,694
of which Trade receivables: +€8,432
- Deferred charges and accrued income -€1,017
down €1,017 (-96.8%), from €1,052 to €34
- Other debts +€29,750
new in 2025: €29,750
- Profit (loss) carried forward -€18,467
down €18,467 (-74.8%), from €24,698 to €6,231
- Tax, wage and social debts +€5,250
new in 2025: €5,250
- Gross operating margin +€8,892
up €8,892 (+102%), from €8,705 to €17,597
- Other operating charges -€544
down €544 (-36.9%), from €1,472 to €928
- Taxes -€351
no longer reported in 2025 (was €351)
- Depreciation -€233
no longer reported in 2025 (was €233)
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 | €36,415 | €52,515 | +€16,100 | +44.2% |
| Current assets | 29/58 | €36,415 | €52,515 | +€16,100 | +44.2% |
| Amounts receivable within one year | 40/41 | €20,466 | €27,694 | +€7,228 | +35.3% |
| Trade receivables | 40 | €2,018 | €10,450 | +€8,432 | +418% |
| Other amounts receivable | 41 | €18,448 | €17,244 | -€1,204 | -6.5% |
| Cash at bank and in hand | 54/58 | €14,897 | €24,787 | +€9,890 | +66.4% |
| Deferred charges and accrued income | 490/1 | €1,052 | €34 | -€1,017 | -96.8% |
| Total equity and liabilities | 10/49 | €36,415 | €52,515 | +€16,100 | +44.2% |
| Equity | 10/15 | €32,758 | €14,291 | -€18,467 | -56.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,698 | €6,231 | -€18,467 | -74.8% |
| Amounts payable | 17/49 | €3,657 | €38,224 | +€34,567 | +945% |
| Amounts payable within one year | 42/48 | €3,657 | €38,224 | +€34,567 | +945% |
| Trade debts | 44 | €3,657 | €3,224 | -€433 | -11.8% |
| Suppliers | 440/4 | €3,657 | €3,224 | -€433 | -11.8% |
| Taxes, remuneration and social security | 45 | - | €5,250 | +€5,250 | |
| Taxes | 450/3 | - | €5,250 | +€5,250 | |
| Other amounts payable | 47/48 | - | €29,750 | +€29,750 | |
| Non-recurring operating income | 76A | €4,603 | - | -€4,603 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €233 | - | -€233 | |
| Other operating charges | 640/8 | €1,472 | €928 | -€544 | -36.9% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €8,705 | €17,597 | +€8,892 | +102% |
| Operating profit (loss) | 9901 | €6,900 | €16,669 | +€9,769 | +142% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €117 | €136 | +€19 | +16.0% |
| Recurring financial charges | 65 | €117 | €136 | +€19 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €6,812 | €16,533 | +€9,721 | +143% |
| Income taxes | 67/77 | €351 | - | -€351 | |
| Profit (loss) for the period | 9904 | €6,461 | €16,533 | +€10,072 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €6,461 | €16,533 | +€10,072 | +156% |
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.