ZOEMA: 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.
ZOEMA
Largest movements
- Receivables within one year +€40,519
up €40,519 (+12.3%), from €329,154 to €369,673
- Tangible fixed assets -€34,240
down €34,240 (-3.3%), from €1.0m to €994,669
- Cash -€32,548
down €32,548 (-75.6%), from €43,061 to €10,514
mainly Receivables within one year (-€40,519) and Contributions, distributions and other (-€38,861)
- Receivables after one year +€28,257
up €28,257 (+11.1%), from €253,483 to €281,739
- Reserves -€32,885
down €32,885 (-9.5%), from €346,994 to €314,109
- Tax, wage and social debts +€21,788
up €21,788 (+210.0%), from €10,376 to €32,165
- Financial charges +€31,751
up €31,751 (+1323.3%), from €2,399 to €34,150
- Depreciation -€10,567
down €10,567 (-23.6%), from €44,807 to €34,240
- Taxes -€5,202
down €5,202 (-64.3%), from €8,084 to €2,883
- Financial income +€2,845
up €2,845 (+13.8%), from €20,601 to €23,446
- Gross operating margin +€2,517
up €2,517 (+4.2%), from €59,544 to €62,061
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 | €1,657,515 | €1,659,909 | +€2,394 | +0.1% |
| Fixed assets | 21/28 | €1,028,909 | €994,669 | -€34,240 | -3.3% |
| Tangible fixed assets | 22/27 | €1,028,909 | €994,669 | -€34,240 | -3.3% |
| Land and buildings | 22 | €1,028,909 | €994,669 | -€34,240 | -3.3% |
| Current assets | 29/58 | €628,606 | €665,240 | +€36,634 | +5.8% |
| Amounts receivable after more than one year | 29 | €253,483 | €281,739 | +€28,257 | +11.1% |
| Other amounts receivable | 291 | €253,483 | €281,739 | +€28,257 | +11.1% |
| Amounts receivable within one year | 40/41 | €329,154 | €369,673 | +€40,519 | +12.3% |
| Other amounts receivable | 41 | €329,154 | €369,673 | +€40,519 | +12.3% |
| Cash at bank and in hand | 54/58 | €43,061 | €10,514 | -€32,548 | -75.6% |
| Deferred charges and accrued income | 490/1 | €2,907 | €3,313 | +€406 | +14.0% |
| Total equity and liabilities | 10/49 | €1,657,515 | €1,659,909 | +€2,394 | +0.1% |
| Equity | 10/15 | €427,982 | €395,097 | -€32,885 | -7.7% |
| Contributions | 10/11 | €80,988 | €80,988 | = | 0.0% |
| Reserves | 13 | €346,994 | €314,109 | -€32,885 | -9.5% |
| Distributable reserves | 133 | €346,994 | €314,109 | -€32,885 | -9.5% |
| Amounts payable | 17/49 | €1,229,533 | €1,264,812 | +€35,279 | +2.9% |
| Amounts payable after more than one year | 17 | €1,175,860 | €1,189,349 | +€13,489 | +1.1% |
| Financial debts | 170/4 | €1,175,860 | €1,189,349 | +€13,489 | +1.1% |
| Amounts payable within one year | 42/48 | €53,673 | €75,464 | +€21,790 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €23,000 | €23,000 | = | 0.0% |
| Trade debts | 44 | €4,267 | €4,269 | +€2 | 0.0% |
| Suppliers | 440/4 | €4,267 | €4,269 | +€2 | 0.0% |
| Taxes, remuneration and social security | 45 | €10,376 | €32,165 | +€21,788 | +210.0% |
| Taxes | 450/3 | €10,376 | €32,165 | +€21,788 | +210.0% |
| Other amounts payable | 47/48 | €16,030 | €16,030 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,807 | €34,240 | -€10,567 | -23.6% |
| Other operating charges | 640/8 | €9,874 | €8,258 | -€1,616 | -16.4% |
| Gross operating margin | 9900 | €59,544 | €62,061 | +€2,517 | +4.2% |
| Operating profit (loss) | 9901 | €4,863 | €19,563 | +€14,701 | +302.3% |
| Financial income | 75/76B | €20,601 | €23,446 | +€2,845 | +13.8% |
| Recurring financial income | 75 | €20,601 | €23,446 | +€2,845 | +13.8% |
| Financial charges | 65/66B | €2,399 | €34,150 | +€31,751 | +1323.3% |
| Recurring financial charges | 65 | €2,399 | €34,150 | +€31,751 | +1323.3% |
| Profit (loss) for the period before taxes | 9903 | €23,064 | €8,859 | -€14,205 | -61.6% |
| Income taxes | 67/77 | €8,084 | €2,883 | -€5,202 | -64.3% |
| Profit (loss) for the period | 9904 | €14,980 | €5,977 | -€9,003 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,980 | €5,977 | -€9,003 | -60.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.