ZZAM: 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.
ZZAM
Largest movements
- Receivables within one year +€10,879
up €10,879 (+85.2%), from €12,765 to €23,644
- Deferred charges and accrued income -€8,831
down €8,831 (-96.6%), from €9,141 to €310
- Tangible fixed assets -€1,909
down €1,909 (-28.1%), from €6,803 to €4,893
- Tax, wage and social debts -€19,690
down €19,690 (-44.5%), from €44,245 to €24,555
of which Taxes: -€14,307
- Profit (loss) carried forward +€14,835
up €14,835 (+21.2%), from -€69,898 to -€55,063
- Trade debts +€8,496
up €8,496 (+266.3%), from €3,190 to €11,686
- Short-term financial debts -€2,000
down €2,000 (-8.0%), from €24,960 to €22,960
- Other debts -€1,793
down €1,793 (-7.8%), from €23,036 to €21,243
- Staff costs -€39,684
down €39,684 (-99.4%), from €39,925 to €241
- Other operating charges -€1,906
down €1,906 (-72.7%), from €2,621 to €715
- Depreciation +€1,075
up €1,075 (+128.7%), from €835 to €1,909
- Financial charges -€681
down €681 (-8.1%), from €8,444 to €7,763
- Gross operating margin +€644
up €644 (+2.6%), from €24,942 to €25,586
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 | €31,837 | €32,112 | +€275 | +0.9% |
| Fixed assets | 21/28 | €6,803 | €4,893 | -€1,909 | -28.1% |
| Tangible fixed assets | 22/27 | €6,803 | €4,893 | -€1,909 | -28.1% |
| Furniture and vehicles | 24 | €6,803 | €4,893 | -€1,909 | -28.1% |
| Current assets | 29/58 | €25,034 | €27,219 | +€2,185 | +8.7% |
| Amounts receivable within one year | 40/41 | €12,765 | €23,644 | +€10,879 | +85.2% |
| Trade receivables | 40 | €12,765 | €23,644 | +€10,879 | +85.2% |
| Cash at bank and in hand | 54/58 | €3,128 | €3,264 | +€136 | +4.4% |
| Deferred charges and accrued income | 490/1 | €9,141 | €310 | -€8,831 | -96.6% |
| Total equity and liabilities | 10/49 | €31,837 | €32,112 | +€275 | +0.9% |
| Equity | 10/15 | -€63,636 | -€48,801 | +€14,835 | +23.3% |
| Contributions | 10/11 | €6,262 | €6,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,898 | -€55,063 | +€14,835 | +21.2% |
| Amounts payable | 17/49 | €95,472 | €80,913 | -€14,559 | -15.2% |
| Amounts payable within one year | 42/48 | €95,431 | €80,444 | -€14,987 | -15.7% |
| Financial debts | 43 | €24,960 | €22,960 | -€2,000 | -8.0% |
| Credit institutions | 430/8 | €24,960 | €22,960 | -€2,000 | -8.0% |
| Trade debts | 44 | €3,190 | €11,686 | +€8,496 | +266.3% |
| Suppliers | 440/4 | €3,190 | €11,686 | +€8,496 | +266.3% |
| Taxes, remuneration and social security | 45 | €44,245 | €24,555 | -€19,690 | -44.5% |
| Taxes | 450/3 | €36,205 | €21,898 | -€14,307 | -39.5% |
| Remuneration and social security | 454/9 | €8,040 | €2,657 | -€5,383 | -67.0% |
| Other amounts payable | 47/48 | €23,036 | €21,243 | -€1,793 | -7.8% |
| Accrued charges and deferred income | 492/3 | €41 | €469 | +€428 | +1039.7% |
| Remuneration, social security and pensions | 62 | €39,925 | €241 | -€39,684 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €835 | €1,909 | +€1,075 | +128.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€89 | -€89 | |
| Other operating charges | 640/8 | €2,621 | €715 | -€1,906 | -72.7% |
| Gross operating margin | 9900 | €24,942 | €25,586 | +€644 | +2.6% |
| Operating profit (loss) | 9901 | -€18,439 | €22,809 | +€41,248 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €8,444 | €7,763 | -€681 | -8.1% |
| Recurring financial charges | 65 | €8,444 | €7,763 | -€681 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,883 | €15,046 | +€41,929 | |
| Income taxes | 67/77 | €265 | €211 | -€54 | -20.3% |
| Profit (loss) for the period | 9904 | -€27,148 | €14,835 | +€41,983 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,148 | €14,835 | +€41,983 |
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 3 October 2026 via checked.be.