Zümrüt: 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.
Zümrüt
Largest movements
- Tangible fixed assets +€479,623
up €479,623 (+696%), from €68,922 to €548,544
of which Land and buildings: +€448,907
- Deferred charges and accrued income +€397,696
up €397,696 (+18,852%), from €2,110 to €399,805
- Cash -€46,002
down €46,002 (-99.2%), from €46,362 to €360
mainly Investment in fixed assets (net) (-€527,215) and Deferred charges and accrued income (-€397,696)
- Stocks and contracts +€15,000
up €15,000 (+14.6%), from €103,000 to €118,000
- Debts after one year +€762,370
up €762,370 (+7,619%), from €10,007 to €772,377
- Current portion of long-term debt +€42,531
up €42,531 (+279%), from €15,224 to €57,755
- Trade debts +€32,806
up €32,806 (+22.7%), from €144,787 to €177,593
- Other debts -€17,867
no longer reported in 2025 (was €17,867)
- Profit (loss) carried forward +€12,265
up €12,265 (+31.7%), from €38,644 to €50,909
- Gross operating margin +€157,316
up €157,316 (+152%), from €103,538 to €260,854
- Staff costs +€124,908
up €124,908 (+218%), from €57,378 to €182,286
- Depreciation +€17,952
up €17,952 (+60.6%), from €29,641 to €47,592
- Financial charges -€3,178
down €3,178 (-25.5%), from €12,482 to €9,304
- Other operating charges +€2,754
up €2,754 (+100%), from €2,750 to €5,503
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 | €255,951 | €1,093,275 | +€837,324 | +327% |
| Fixed assets | 21/28 | €79,467 | €559,089 | +€479,623 | +604% |
| Tangible fixed assets | 22/27 | €68,922 | €548,544 | +€479,623 | +696% |
| Land and buildings | 22 | - | €448,907 | +€448,907 | |
| Plant, machinery and equipment | 23 | €450 | - | -€450 | |
| Furniture and vehicles | 24 | €68,472 | €99,637 | +€31,166 | +45.5% |
| Financial fixed assets | 28 | €10,545 | €10,545 | = | 0.0% |
| Current assets | 29/58 | €176,484 | €534,186 | +€357,701 | +203% |
| Stocks and contracts in progress | 3 | €103,000 | €118,000 | +€15,000 | +14.6% |
| Stocks | 30/36 | €103,000 | €118,000 | +€15,000 | +14.6% |
| Amounts receivable within one year | 40/41 | €25,013 | €16,021 | -€8,993 | -36.0% |
| Trade receivables | 40 | €20,013 | - | -€20,013 | |
| Other amounts receivable | 41 | €5,000 | €16,021 | +€11,021 | +220% |
| Cash at bank and in hand | 54/58 | €46,362 | €360 | -€46,002 | -99.2% |
| Deferred charges and accrued income | 490/1 | €2,110 | €399,805 | +€397,696 | +18,852% |
| Total equity and liabilities | 10/49 | €255,951 | €1,093,275 | +€837,324 | +327% |
| Equity | 10/15 | €59,104 | €71,369 | +€12,265 | +20.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,644 | €50,909 | +€12,265 | +31.7% |
| Amounts payable | 17/49 | €196,847 | €1,021,906 | +€825,059 | +419% |
| Amounts payable after more than one year | 17 | €10,007 | €772,377 | +€762,370 | +7,619% |
| Financial debts | 170/4 | €10,007 | €772,377 | +€762,370 | +7,619% |
| Amounts payable within one year | 42/48 | €186,840 | €249,530 | +€62,689 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €15,224 | €57,755 | +€42,531 | +279% |
| Trade debts | 44 | €144,787 | €177,593 | +€32,806 | +22.7% |
| Suppliers | 440/4 | €144,787 | €177,593 | +€32,806 | +22.7% |
| Taxes, remuneration and social security | 45 | €8,962 | €14,181 | +€5,219 | +58.2% |
| Taxes | 450/3 | €8,962 | €14,045 | +€5,083 | +56.7% |
| Remuneration and social security | 454/9 | - | €137 | +€137 | |
| Other amounts payable | 47/48 | €17,867 | - | -€17,867 | |
| Remuneration, social security and pensions | 62 | €57,378 | €182,286 | +€124,908 | +218% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,641 | €47,592 | +€17,952 | +60.6% |
| Other operating charges | 640/8 | €2,750 | €5,503 | +€2,754 | +100% |
| Gross operating margin | 9900 | €103,538 | €260,854 | +€157,316 | +152% |
| Operating profit (loss) | 9901 | €13,770 | €25,473 | +€11,703 | +85.0% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €12,482 | €9,304 | -€3,178 | -25.5% |
| Recurring financial charges | 65 | €12,482 | €9,304 | -€3,178 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €1,288 | €16,198 | +€14,910 | +1,157% |
| Income taxes | 67/77 | €1,504 | €3,933 | +€2,430 | +162% |
| Profit (loss) for the period | 9904 | -€215 | €12,265 | +€12,480 | |
| Profit (loss) for the period to be appropriated | 9905 | -€215 | €12,265 | +€12,480 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.