ZMY-Construct: what changed
Two fiscal 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.
ZMY-Construct
Largest movements
- Receivables within one year +€5,725
up €5,725 (+37.4%), from €15,289 to €21,014
of which Other amounts receivable: +€5,073
- Cash +€5,695
up €5,695 (+48.2%), from €11,809 to €17,504
mainly Accrued charges and deferred income (+€13,624) and Net result for the year (+€11,500)
- Tangible fixed assets -€3,259
down €3,259 (-23.8%), from €13,686 to €10,426
- Accrued charges and deferred income +€13,624
new in 2025: €13,624
- Tax, wage and social debts +€5,048
up €5,048 (+68.4%), from €7,386 to €12,434
of which Taxes: +€4,553
- Trade debts -€3,768
down €3,768 (-32.6%), from €11,566 to €7,799
- Debts after one year -€3,588
no longer reported in 2025 (was €3,588)
- Current portion of long-term debt -€2,310
down €2,310 (-39.2%), from €5,898 to €3,588
- Staff costs +€11,503
up €11,503 (+18.6%), from €61,775 to €73,278
- Gross operating margin +€11,333
up €11,333 (+13.8%), from €82,247 to €93,580
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 | €40,784 | €48,944 | +€8,160 | +20.0% |
| Fixed assets | 21/28 | €13,686 | €10,426 | -€3,259 | -23.8% |
| Tangible fixed assets | 22/27 | €13,686 | €10,426 | -€3,259 | -23.8% |
| Furniture and vehicles | 24 | €13,686 | €10,426 | -€3,259 | -23.8% |
| Current assets | 29/58 | €27,098 | €38,518 | +€11,419 | +42.1% |
| Amounts receivable within one year | 40/41 | €15,289 | €21,014 | +€5,725 | +37.4% |
| Trade receivables | 40 | €13,872 | €14,524 | +€652 | +4.7% |
| Other amounts receivable | 41 | €1,417 | €6,490 | +€5,073 | +357.9% |
| Cash at bank and in hand | 54/58 | €11,809 | €17,504 | +€5,695 | +48.2% |
| Total equity and liabilities | 10/49 | €40,784 | €48,944 | +€8,160 | +20.0% |
| Equity | 10/15 | €11,463 | €11,500 | +€36 | +0.3% |
| Profit (loss) carried forward | 14 | €11,463 | €11,500 | +€36 | +0.3% |
| Amounts payable | 17/49 | €29,321 | €37,444 | +€8,124 | +27.7% |
| Amounts payable after more than one year | 17 | €3,588 | - | -€3,588 | |
| Financial debts | 170/4 | €3,588 | - | -€3,588 | |
| Amounts payable within one year | 42/48 | €25,733 | €23,820 | -€1,913 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €5,898 | €3,588 | -€2,310 | -39.2% |
| Trade debts | 44 | €11,566 | €7,799 | -€3,768 | -32.6% |
| Suppliers | 440/4 | €11,566 | €7,799 | -€3,768 | -32.6% |
| Taxes, remuneration and social security | 45 | €7,386 | €12,434 | +€5,048 | +68.4% |
| Taxes | 450/3 | €3,757 | €8,311 | +€4,553 | +121.2% |
| Remuneration and social security | 454/9 | €3,628 | €4,123 | +€495 | +13.6% |
| Other amounts payable | 47/48 | €883 | - | -€883 | |
| Accrued charges and deferred income | 492/3 | - | €13,624 | +€13,624 | |
| Remuneration, social security and pensions | 62 | €61,775 | €73,278 | +€11,503 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,611 | €3,259 | +€648 | +24.8% |
| Other operating charges | 640/8 | €1,663 | €1,031 | -€633 | -38.0% |
| Gross operating margin | 9900 | €82,247 | €93,580 | +€11,333 | +13.8% |
| Operating profit (loss) | 9901 | €16,198 | €16,012 | -€187 | -1.2% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €407 | €457 | +€50 | +12.3% |
| Recurring financial charges | 65 | €407 | €457 | +€50 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €15,792 | €15,714 | -€77 | -0.5% |
| Income taxes | 67/77 | €4,328 | €4,214 | -€114 | -2.6% |
| Profit (loss) for the period | 9904 | €11,463 | €11,500 | +€36 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,463 | €11,500 | +€36 | +0.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.