EUZCN: 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.
EUZCN
Largest movements
- Cash +€21,367
up €21,367 (+196.0%), from €10,904 to €32,271
mainly Other debts (+€59,608) and Receivables within one year (+€4,889)
- Receivables within one year -€4,889
down €4,889 (-71.5%), from €6,841 to €1,952
of which Trade receivables: -€4,666
- Financial fixed assets +€1,657
new in 2025: €1,657
- Deferred charges and accrued income -€1,522
down €1,522 (-84.6%), from €1,800 to €278
- Other debts +€59,608
up €59,608 (+1993.8%), from €2,990 to €62,597
- Profit (loss) carried forward -€33,722
down €33,722 (-33.1%), from -€101,855 to -€135,577
- Trade debts -€5,145
down €5,145 (-78.2%), from €6,576 to €1,431
- Tax, wage and social debts -€4,128
down €4,128 (-65.2%), from €6,328 to €2,200
of which Remuneration and social security: -€4,128
- Gross operating margin +€41,870
up €41,870 (+62.5%), from -€66,969 to -€25,099
- Staff costs -€21,066
down €21,066 (-72.6%), from €29,013 to €7,947
- Other operating charges -€2,963
down €2,963 (-88.1%), from €3,362 to €400
- Depreciation -€2,217
no longer reported in 2025 (was €2,217)
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 | €19,545 | €36,158 | +€16,613 | +85.0% |
| Fixed assets | 21/28 | - | €1,657 | +€1,657 | |
| Financial fixed assets | 28 | - | €1,657 | +€1,657 | |
| Current assets | 29/58 | €19,545 | €34,501 | +€14,956 | +76.5% |
| Amounts receivable within one year | 40/41 | €6,841 | €1,952 | -€4,889 | -71.5% |
| Trade receivables | 40 | €5,568 | €902 | -€4,666 | -83.8% |
| Other amounts receivable | 41 | €1,273 | €1,050 | -€223 | -17.5% |
| Cash at bank and in hand | 54/58 | €10,904 | €32,271 | +€21,367 | +196.0% |
| Deferred charges and accrued income | 490/1 | €1,800 | €278 | -€1,522 | -84.6% |
| Total equity and liabilities | 10/49 | €19,545 | €36,158 | +€16,613 | +85.0% |
| Equity | 10/15 | €3,651 | -€30,071 | -€33,722 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €45,506 | €45,506 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,506 | €2,506 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,506 | €2,506 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,855 | -€135,577 | -€33,722 | -33.1% |
| Amounts payable | 17/49 | €15,894 | €66,229 | +€50,335 | +316.7% |
| Amounts payable within one year | 42/48 | €15,894 | €66,229 | +€50,335 | +316.7% |
| Trade debts | 44 | €6,576 | €1,431 | -€5,145 | -78.2% |
| Suppliers | 440/4 | €6,576 | €1,431 | -€5,145 | -78.2% |
| Taxes, remuneration and social security | 45 | €6,328 | €2,200 | -€4,128 | -65.2% |
| Taxes | 450/3 | €2,200 | €2,200 | +€1 | 0.0% |
| Remuneration and social security | 454/9 | €4,128 | - | -€4,128 | |
| Other amounts payable | 47/48 | €2,990 | €62,597 | +€59,608 | +1993.8% |
| Non-recurring operating income | 76A | - | €4,681 | +€4,681 | |
| Remuneration, social security and pensions | 62 | €29,013 | €7,947 | -€21,066 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,217 | - | -€2,217 | |
| Other operating charges | 640/8 | €3,362 | €400 | -€2,963 | -88.1% |
| Gross operating margin | 9900 | -€66,969 | -€25,099 | +€41,870 | +62.5% |
| Operating profit (loss) | 9901 | -€101,562 | -€33,446 | +€68,116 | +67.1% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €340 | €274 | -€66 | -19.3% |
| Recurring financial charges | 65 | €340 | €274 | -€66 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€101,886 | -€33,720 | +€68,166 | +66.9% |
| Income taxes | 67/77 | €89 | €2 | -€87 | -97.9% |
| Profit (loss) for the period | 9904 | -€101,975 | -€33,722 | +€68,254 | +66.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€101,975 | -€33,722 | +€68,254 | +66.9% |
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.