ZWEMI: 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.
ZWEMI
Largest movements
- Receivables within one year -€18,271
down €18,271 (-68.4%), from €26,701 to €8,430
of which Trade receivables: -€17,559
- Tangible fixed assets -€17,314
down €17,314 (-11.7%), from €148,071 to €130,757
of which Land and buildings: -€17,283
- Cash +€12,587
up €12,587 (+885.2%), from €1,422 to €14,009
mainly Other debts (+€21,488) and Receivables within one year (+€18,271)
- Profit (loss) carried forward -€23,965
down €23,965 (-2.5%), from -€973,428 to -€997,393
- Other debts +€21,488
new in 2025: €21,488
- Short-term financial debts -€20,663
down €20,663 (-100.0%), from €20,663 to €0
- Gross operating margin -€22,348
down €22,348, from €19,117 to -€3,231
- Financial charges +€827
up €827 (+1117.0%), from €74 to €901
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 | €176,194 | €153,196 | -€22,998 | -13.1% |
| Fixed assets | 21/28 | €148,071 | €130,757 | -€17,314 | -11.7% |
| Tangible fixed assets | 22/27 | €148,071 | €130,757 | -€17,314 | -11.7% |
| Land and buildings | 22 | €148,040 | €130,757 | -€17,283 | -11.7% |
| Plant, machinery and equipment | 23 | €31 | - | -€31 | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €28,123 | €22,439 | -€5,684 | -20.2% |
| Amounts receivable within one year | 40/41 | €26,701 | €8,430 | -€18,271 | -68.4% |
| Trade receivables | 40 | €25,399 | €7,840 | -€17,559 | -69.1% |
| Other amounts receivable | 41 | €1,302 | €590 | -€712 | -54.7% |
| Cash at bank and in hand | 54/58 | €1,422 | €14,009 | +€12,587 | +885.2% |
| Total equity and liabilities | 10/49 | €176,194 | €153,196 | -€22,998 | -13.1% |
| Equity | 10/15 | €154,960 | €130,995 | -€23,965 | -15.5% |
| Contributions | 10/11 | €1,128,388 | €1,128,388 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€973,428 | -€997,393 | -€23,965 | -2.5% |
| Amounts payable | 17/49 | €21,234 | €22,201 | +€967 | +4.6% |
| Amounts payable within one year | 42/48 | €21,234 | €22,201 | +€967 | +4.6% |
| Financial debts | 43 | €20,663 | €0 | -€20,663 | -100.0% |
| Other loans | 439 | €20,663 | €0 | -€20,663 | -100.0% |
| Trade debts | 44 | €571 | €317 | -€254 | -44.5% |
| Suppliers | 440/4 | €571 | €317 | -€254 | -44.5% |
| Taxes, remuneration and social security | 45 | - | €396 | +€396 | |
| Taxes | 450/3 | - | €396 | +€396 | |
| Other amounts payable | 47/48 | - | €21,488 | +€21,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,343 | €17,314 | -€29 | -0.2% |
| Other operating charges | 640/8 | €2,343 | €2,520 | +€177 | +7.5% |
| Gross operating margin | 9900 | €19,117 | -€3,231 | -€22,348 | |
| Operating profit (loss) | 9901 | -€569 | -€23,065 | -€22,496 | -3953.6% |
| Financial charges | 65/66B | €74 | €901 | +€827 | +1117.0% |
| Recurring financial charges | 65 | €74 | €901 | +€827 | +1117.0% |
| Profit (loss) for the period before taxes | 9903 | -€643 | -€23,965 | -€23,322 | -3627.1% |
| Profit (loss) for the period | 9904 | -€643 | -€23,965 | -€23,322 | -3627.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€643 | -€23,965 | -€23,322 | -3627.1% |
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 4 October 2026 via checked.be.