EZU: 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.
EZU
Largest movements
- Cash +€4,370
up €4,370 (+37.7%), from €11,577 to €15,947
mainly Tax, wage and social debts (+€18,693) and Net result for the year (+€9,784)
- Receivables within one year +€3,531
up €3,531 (+5.0%), from €70,561 to €74,091
of which Trade receivables: +€3,080
- Tangible fixed assets -€3,412
down €3,412 (-25.6%), from €13,333 to €9,921
of which Other tangible fixed assets: -€1,824
- Tax, wage and social debts +€18,693
up €18,693 (+80.4%), from €23,249 to €41,941
of which Taxes: +€14,137
- Trade debts -€17,895
down €17,895 (-67.6%), from €26,479 to €8,585
of which Suppliers: -€15,861
- Profit (loss) carried forward +€9,784
up €9,784 (+20.8%), from -€47,026 to -€37,242
- Other debts -€6,093
down €6,093 (-59.3%), from €10,275 to €4,182
- Gross operating margin +€49,555
up €49,555 (+22.8%), from €217,701 to €267,256
- Staff costs +€27,507
up €27,507 (+12.5%), from €219,919 to €247,426
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 | €102,977 | €107,466 | +€4,489 | +4.4% |
| Fixed assets | 21/28 | €13,333 | €9,921 | -€3,412 | -25.6% |
| Tangible fixed assets | 22/27 | €13,333 | €9,921 | -€3,412 | -25.6% |
| Plant, machinery and equipment | 23 | €8,632 | €7,254 | -€1,378 | -16.0% |
| Furniture and vehicles | 24 | €1,253 | €1,043 | -€210 | -16.7% |
| Other tangible fixed assets | 26 | €3,448 | €1,624 | -€1,824 | -52.9% |
| Current assets | 29/58 | €89,644 | €97,544 | +€7,901 | +8.8% |
| Stocks and contracts in progress | 3 | €7,506 | €7,506 | = | 0.0% |
| Stocks | 30/36 | €7,506 | €7,506 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,561 | €74,091 | +€3,531 | +5.0% |
| Trade receivables | 40 | - | €3,080 | +€3,080 | |
| Other amounts receivable | 41 | €70,561 | €71,011 | +€450 | +0.6% |
| Cash at bank and in hand | 54/58 | €11,577 | €15,947 | +€4,370 | +37.7% |
| Total equity and liabilities | 10/49 | €102,977 | €107,466 | +€4,489 | +4.4% |
| Equity | 10/15 | €42,974 | €52,758 | +€9,784 | +22.8% |
| Reserves | 13 | €90,000 | €90,000 | = | 0.0% |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,026 | -€37,242 | +€9,784 | +20.8% |
| Amounts payable | 17/49 | €60,003 | €54,708 | -€5,295 | -8.8% |
| Amounts payable within one year | 42/48 | €60,003 | €54,708 | -€5,295 | -8.8% |
| Trade debts | 44 | €26,479 | €8,585 | -€17,895 | -67.6% |
| Suppliers | 440/4 | €24,446 | €8,585 | -€15,861 | -64.9% |
| Bills of exchange payable | 441 | €2,034 | - | -€2,034 | |
| Taxes, remuneration and social security | 45 | €23,249 | €41,941 | +€18,693 | +80.4% |
| Taxes | 450/3 | €1,688 | €15,826 | +€14,137 | +838% |
| Remuneration and social security | 454/9 | €21,561 | €26,116 | +€4,555 | +21.1% |
| Other amounts payable | 47/48 | €10,275 | €4,182 | -€6,093 | -59.3% |
| Remuneration, social security and pensions | 62 | €219,919 | €247,426 | +€27,507 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,685 | €4,994 | -€691 | -12.2% |
| Other operating charges | 640/8 | €4,774 | €4,907 | +€133 | +2.8% |
| Gross operating margin | 9900 | €217,701 | €267,256 | +€49,555 | +22.8% |
| Operating profit (loss) | 9901 | -€12,678 | €9,929 | +€22,607 | |
| Financial income | 75/76B | €0 | €45 | +€45 | +15,925% |
| Recurring financial income | 75 | €0 | €45 | +€45 | +15,925% |
| Financial charges | 65/66B | €366 | €190 | -€176 | -48.2% |
| Recurring financial charges | 65 | €366 | €190 | -€176 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,043 | €9,784 | +€22,827 | |
| Profit (loss) for the period | 9904 | -€13,043 | €9,784 | +€22,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,043 | €9,784 | +€22,827 |
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 14 October 2026 via checked.be.