ZUMA CONSULTING: 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.
ZUMA CONSULTING
Largest movements
- Tangible fixed assets -€20,922
down €20,922 (-11.2%), from €186,443 to €165,521
- Receivables within one year -€11,185
down €11,185 (-96.5%), from €11,595 to €411
of which Trade receivables: -€8,926
- Cash -€10,938
no longer reported in 2025 (was €10,938)
mainly Net result for the year (-€32,479) and Debts after one year (-€29,965)
- Current investments +€8,324
new in 2025: €8,324
- Other debts +€32,584
up €32,584 (+8.7%), from €373,499 to €406,083
- Profit (loss) carried forward -€32,479
down €32,479 (-11.0%), from -€295,209 to -€327,688
- Debts after one year -€29,965
down €29,965 (-39.1%), from €76,584 to €46,619
- Trade debts -€8,675
down €8,675 (-98.3%), from €8,826 to €151
- Provisions +€66,609
no longer reported in 2025 (was -€66,609)
- Financial charges -€1,712
down €1,712 (-42.8%), from €4,001 to €2,289
- Gross operating margin -€404
down €404 (-10.1%), from -€3,992 to -€4,397
- Other operating charges +€394
up €394 (+8.8%), from €4,478 to €4,872
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 | €213,226 | €178,506 | -€34,720 | -16.3% |
| Fixed assets | 21/28 | €186,693 | €165,771 | -€20,922 | -11.2% |
| Tangible fixed assets | 22/27 | €186,443 | €165,521 | -€20,922 | -11.2% |
| Land and buildings | 22 | €186,443 | €165,521 | -€20,922 | -11.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €26,533 | €12,735 | -€13,798 | -52.0% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,595 | €411 | -€11,185 | -96.5% |
| Trade receivables | 40 | €9,333 | €406 | -€8,926 | -95.6% |
| Other amounts receivable | 41 | €2,263 | €4 | -€2,259 | -99.8% |
| Current investments | 50/53 | - | €8,324 | +€8,324 | |
| Cash at bank and in hand | 54/58 | €10,938 | - | -€10,938 | |
| Total equity and liabilities | 10/49 | €213,226 | €178,506 | -€34,720 | -16.3% |
| Equity | 10/15 | -€287,149 | -€319,628 | -€32,479 | -11.3% |
| 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 | -€295,209 | -€327,688 | -€32,479 | -11.0% |
| Amounts payable | 17/49 | €500,375 | €498,134 | -€2,241 | -0.4% |
| Amounts payable after more than one year | 17 | €76,584 | €46,619 | -€29,965 | -39.1% |
| Financial debts | 170/4 | €76,584 | €46,619 | -€29,965 | -39.1% |
| Amounts payable within one year | 42/48 | €423,791 | €451,515 | +€27,724 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €26,479 | €28,254 | +€1,775 | +6.7% |
| Trade debts | 44 | €8,826 | €151 | -€8,675 | -98.3% |
| Suppliers | 440/4 | €8,826 | €151 | -€8,675 | -98.3% |
| Taxes, remuneration and social security | 45 | €14,987 | €17,027 | +€2,040 | +13.6% |
| Taxes | 450/3 | €14,987 | €17,027 | +€2,040 | +13.6% |
| Other amounts payable | 47/48 | €373,499 | €406,083 | +€32,584 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,922 | €20,922 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€66,609 | - | +€66,609 | |
| Other operating charges | 640/8 | €4,478 | €4,872 | +€394 | +8.8% |
| Gross operating margin | 9900 | -€3,992 | -€4,397 | -€404 | -10.1% |
| Operating profit (loss) | 9901 | €37,217 | -€30,190 | -€67,407 | |
| Financial charges | 65/66B | €4,001 | €2,289 | -€1,712 | -42.8% |
| Recurring financial charges | 65 | €4,001 | €2,289 | -€1,712 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €33,217 | -€32,479 | -€65,696 | |
| Profit (loss) for the period | 9904 | €33,217 | -€32,479 | -€65,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,217 | -€32,479 | -€65,696 |
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 26 October 2026 via checked.be.