ZUMACO: 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.
ZUMACO
Largest movements
- Current investments +€623,521
up €623,521 (+34.2%), from €1.8m to €2.4m
- Cash -€241,107
down €241,107 (-52.5%), from €459,106 to €217,999
mainly Current investments (-€623,521) and Contributions, distributions and other (-€220,501)
- Tangible fixed assets -€30,547
down €30,547 (-13.8%), from €221,440 to €190,893
of which Furniture and vehicles: -€15,638
- Receivables within one year +€30,485
up €30,485 (+69.8%), from €43,681 to €74,167
of which Other amounts receivable: +€29,178
- Reserves +€333,016
up €333,016 (+14.9%), from €2.2m to €2.6m
of which Distributable reserves: +€333,016
- Tax, wage and social debts +€56,312
up €56,312 (+77.4%), from €72,725 to €129,037
- Financial income +€192,708
up €192,708 (+89.6%), from €215,053 to €407,761
- Gross operating margin -€46,813
down €46,813 (-9.9%), from €471,185 to €424,372
- Taxes +€34,545
up €34,545 (+16.8%), from €205,997 to €240,543
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 | €2,554,864 | €2,933,917 | +€379,053 | +14.8% |
| Fixed assets | 21/28 | €221,440 | €190,893 | -€30,547 | -13.8% |
| Tangible fixed assets | 22/27 | €221,440 | €190,893 | -€30,547 | -13.8% |
| Land and buildings | 22 | €174,542 | €159,633 | -€14,909 | -8.5% |
| Furniture and vehicles | 24 | €46,898 | €31,261 | -€15,638 | -33.3% |
| Current assets | 29/58 | €2,333,424 | €2,743,024 | +€409,600 | +17.6% |
| Amounts receivable within one year | 40/41 | €43,681 | €74,167 | +€30,485 | +69.8% |
| Trade receivables | 40 | €43,681 | €44,989 | +€1,308 | +3.0% |
| Other amounts receivable | 41 | - | €29,178 | +€29,178 | |
| Current investments | 50/53 | €1,825,591 | €2,449,112 | +€623,521 | +34.2% |
| Cash at bank and in hand | 54/58 | €459,106 | €217,999 | -€241,107 | -52.5% |
| Deferred charges and accrued income | 490/1 | €5,046 | €1,746 | -€3,299 | -65.4% |
| Total equity and liabilities | 10/49 | €2,554,864 | €2,933,917 | +€379,053 | +14.8% |
| Equity | 10/15 | €2,235,843 | €2,568,858 | +€333,016 | +14.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €2,229,543 | €2,562,558 | +€333,016 | +14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,227,683 | €2,560,698 | +€333,016 | +14.9% |
| Amounts payable | 17/49 | €319,022 | €365,059 | +€46,038 | +14.4% |
| Amounts payable within one year | 42/48 | €319,022 | €365,059 | +€46,038 | +14.4% |
| Trade debts | 44 | €5,409 | €6,272 | +€864 | +16.0% |
| Suppliers | 440/4 | €5,409 | €6,272 | +€864 | +16.0% |
| Taxes, remuneration and social security | 45 | €72,725 | €129,037 | +€56,312 | +77.4% |
| Taxes | 450/3 | €72,725 | €129,037 | +€56,312 | +77.4% |
| Other amounts payable | 47/48 | €240,888 | €229,750 | -€11,138 | -4.6% |
| Non-recurring operating income | 76A | €4,132 | - | -€4,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,142 | €31,413 | +€2,271 | +7.8% |
| Other operating charges | 640/8 | €2,210 | €2,372 | +€162 | +7.3% |
| Gross operating margin | 9900 | €471,185 | €424,372 | -€46,813 | -9.9% |
| Operating profit (loss) | 9901 | €439,833 | €390,586 | -€49,247 | -11.2% |
| Financial income | 75/76B | €215,053 | €407,761 | +€192,708 | +89.6% |
| Recurring financial income | 75 | €215,053 | €407,761 | +€192,708 | +89.6% |
| Financial charges | 65/66B | €3,019 | €4,288 | +€1,269 | +42.0% |
| Recurring financial charges | 65 | €3,019 | €4,288 | +€1,269 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €651,866 | €794,059 | +€142,192 | +21.8% |
| Income taxes | 67/77 | €205,997 | €240,543 | +€34,545 | +16.8% |
| Profit (loss) for the period | 9904 | €445,869 | €553,516 | +€107,647 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €445,869 | €553,516 | +€107,647 | +24.1% |
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 11 October 2026 via checked.be.