ZOHEMA: what changed
What changed
ZOHEMA
NACE 02.300, Forestry and logging
filed annual accounts (NBB)
Net result for the year
-€7,883
2024 · -€16,219+€8,336
Equity
€17,826
2024 · €25,709-€7,883
Cash
€593
2024 · €8,673-€8,080
Balance sheet total
€278,438
2024 · €339,456-€61,018
Largest movements
Assets
- Stocks and contracts -€28,226
down €28,226 (-71.3%), from €39,595 to €11,369
- Tangible fixed assets -€26,468
down €26,468 (-9.4%), from €280,666 to €254,198
- Cash -€8,080
down €8,080 (-93.2%), from €8,673 to €593
mainly Trade debts (-€28,160) and Debts after one year (-€13,300)
- Receivables within one year +€4,251
up €4,251 (+66.5%), from €6,397 to €10,648
of which Trade receivables: +€5,005
Equity and liabilities
- Trade debts -€28,160
down €28,160 (-82.1%), from €34,317 to €6,157
- Debts after one year -€13,300
down €13,300 (-5.4%), from €246,304 to €233,004
- Profit (loss) carried forward -€7,883
down €7,883, from €7,109 to -€774
- Tax, wage and social debts -€6,968
down €6,968 (-51.6%), from €13,498 to €6,530
of which Remuneration and social security: -€6,115
- Advances received -€4,439
no longer reported in 2025 (was €4,439)
Income statement
- Staff costs -€13,952
down €13,952 (-22.5%), from €61,872 to €47,920
- Gross operating margin -€5,099
down €5,099 (-5.8%), from €88,587 to €83,488
- Other operating charges +€1,774
up €1,774 (+158%), from €1,122 to €2,896
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€16,219
Gross operating margin
-€5,099
Staff costs
+€13,952
Depreciation
+€172
Write-downs
+€628
Other operating charges
-€1,774
Financial income
-€425
Financial charges
+€840
Taxes
+€42
Result 2025
-€7,883
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5,435
Investment
€0
Financing
-€13,515
Cash 2024
€8,673
From operations (derived)
+€5,435
Net result for the year
-€7,883
Depreciation
+€26,468
Stocks and contracts
+€28,226
Receivables within one year
-€4,251
Deferred charges and accrued income
+€2,495
Trade debts
-€28,160
Tax, wage and social debts
-€6,968
Advances received
-€4,439
Accrued charges and deferred income
-€53
Financing
-€13,515
Debts after one year
-€13,300
Current portion of long-term debt
-€215
Cash 2025
€593
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,456 | €278,438 | -€61,018 | -18.0% |
| Fixed assets | 21/28 | €280,916 | €254,448 | -€26,468 | -9.4% |
| Tangible fixed assets | 22/27 | €280,666 | €254,198 | -€26,468 | -9.4% |
| Land and buildings | 22 | €238,220 | €226,618 | -€11,602 | -4.9% |
| Plant, machinery and equipment | 23 | €15,143 | €8,154 | -€6,989 | -46.2% |
| Furniture and vehicles | 24 | €4,807 | €3,629 | -€1,178 | -24.5% |
| Leasing and similar rights | 25 | €18,169 | €13,040 | -€5,129 | -28.2% |
| Other tangible fixed assets | 26 | €4,327 | €2,757 | -€1,570 | -36.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €58,540 | €23,990 | -€34,550 | -59.0% |
| Stocks and contracts in progress | 3 | €39,595 | €11,369 | -€28,226 | -71.3% |
| Stocks | 30/36 | €39,595 | €11,369 | -€28,226 | -71.3% |
| Amounts receivable within one year | 40/41 | €6,397 | €10,648 | +€4,251 | +66.5% |
| Trade receivables | 40 | €1,722 | €6,727 | +€5,005 | +291% |
| Other amounts receivable | 41 | €4,675 | €3,921 | -€754 | -16.1% |
| Current investments | 50/53 | €8 | €8 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,673 | €593 | -€8,080 | -93.2% |
| Deferred charges and accrued income | 490/1 | €3,867 | €1,372 | -€2,495 | -64.5% |
| Total equity and liabilities | 10/49 | €339,456 | €278,438 | -€61,018 | -18.0% |
| Equity | 10/15 | €25,709 | €17,826 | -€7,883 | -30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,109 | -€774 | -€7,883 | |
| Amounts payable | 17/49 | €313,747 | €260,612 | -€53,135 | -16.9% |
| Amounts payable after more than one year | 17 | €246,304 | €233,004 | -€13,300 | -5.4% |
| Financial debts | 170/4 | €246,304 | €233,004 | -€13,300 | -5.4% |
| Amounts payable within one year | 42/48 | €65,769 | €25,987 | -€39,782 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €13,515 | €13,300 | -€215 | -1.6% |
| Trade debts | 44 | €34,317 | €6,157 | -€28,160 | -82.1% |
| Suppliers | 440/4 | €34,317 | €6,157 | -€28,160 | -82.1% |
| Advances received on contracts in progress | 46 | €4,439 | - | -€4,439 | |
| Taxes, remuneration and social security | 45 | €13,498 | €6,530 | -€6,968 | -51.6% |
| Taxes | 450/3 | €2,303 | €1,450 | -€853 | -37.0% |
| Remuneration and social security | 454/9 | €11,195 | €5,080 | -€6,115 | -54.6% |
| Accrued charges and deferred income | 492/3 | €1,674 | €1,621 | -€53 | -3.2% |
| Non-recurring operating income | 76A | - | €16,155 | +€16,155 | |
| Remuneration, social security and pensions | 62 | €61,872 | €47,920 | -€13,952 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,640 | €26,468 | -€172 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€628 | -€628 | |
| Other operating charges | 640/8 | €1,122 | €2,896 | +€1,774 | +158% |
| Gross operating margin | 9900 | €88,587 | €83,488 | -€5,099 | -5.8% |
| Operating profit (loss) | 9901 | -€1,047 | €6,832 | +€7,879 | |
| Financial income | 75/76B | €517 | €92 | -€425 | -82.2% |
| Recurring financial income | 75 | €517 | €92 | -€425 | -82.2% |
| Financial charges | 65/66B | €15,647 | €14,807 | -€840 | -5.4% |
| Recurring financial charges | 65 | €15,647 | €14,807 | -€840 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,177 | -€7,883 | +€8,294 | +51.3% |
| Income taxes | 67/77 | €42 | - | -€42 | |
| Profit (loss) for the period | 9904 | -€16,219 | -€7,883 | +€8,336 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,219 | -€7,883 | +€8,336 | +51.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.