EZUF BE: 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.
What changed
EZUF BE
NACE 24.430, Manufacture of basic metals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€7.6m
2024 · €2.5m-€10.1m
Equity
€2.3m
2024 · €9.9m-€7.6m
Cash
€246,585
2024 · €546,501-€299,916
Balance sheet total
€16.6m
2024 · €21.6m-€5.1m
Largest movements
Assets
- Receivables within one year -€4.3m
down €4.3m (-29.2%), from €14.9m to €10.5m
of which Other amounts receivable: -€4.0m
- Intangible fixed assets -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Stocks and contracts +€1.2m
up €1.2m (+25.2%), from €4.6m to €5.8m
- Cash -€299,916
down €299,916 (-54.9%), from €546,501 to €246,585
mainly Net result for the year (-€7.6m) and Stocks and contracts (-€1.2m)
Equity and liabilities
- Profit (loss) carried forward -€7.6m
down €7.6m (-87.5%), from €8.6m to €1.1m
- Other debts +€2.6m
up €2.6m (+804%), from €328,702 to €3.0m
- Accrued charges and deferred income -€504,368
down €504,368 (-99.8%), from €505,588 to €1,220
- Trade debts +€399,741
up €399,741 (+4.0%), from €10.0m to €10.4m
Income statement
- Financial charges +€7.0m
up €7.0m (+297%), from €2.3m to €9.3m
- Financial income -€2.3m
down €2.3m (-38.6%), from €5.9m to €3.6m
- Turnover -€1.7m
down €1.7m (-10.2%), from €16.5m to €14.8m
- Taxes -€1.1m
down €1.1m, from €1.1m to -€65,729
of which Taxes: -€1.0m
- Services and other goods -€863,277
down €863,277 (-17.7%), from €4.9m to €4.0m
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.
Result 2024
€2.5m
Turnover
-€1.7m
Other operating income
+€29,350
Goods and materials
-€567,785
Services and other goods
+€863,277
Staff costs
+€1,318
Depreciation
+€38,107
Other operating charges
+€37,785
Other operating items
-€650,015
Financial income
-€2.3m
Financial charges
-€7.0m
Taxes
+€1.1m
Result 2025
-€7.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.7m
Investment
+€1.4m
Financing
€0
Cash 2024
€546,501
From operations (derived)
-€1.7m
Net result for the year
-€7.6m
Depreciation
+€64,863
Stocks and contracts
-€1.2m
Receivables within one year
+€4.3m
Deferred charges and accrued income
+€89,317
Trade debts
+€399,741
Tax, wage and social debts
-€37,380
Other debts
+€2.6m
Accrued charges and deferred income
-€504,368
Investment (derived)
+€1.4m
Investment in fixed assets (net)
+€1.4m
Cash 2025
€246,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,638,810 | €16,586,189 | -€5.1m | -23.3% |
| Fixed assets | 21/28 | €1,489,201 | €0 | -€1.5m | -100% |
| Intangible fixed assets | 21 | €1,485,853 | €0 | -€1.5m | -100% |
| Tangible fixed assets | 22/27 | €3,348 | €0 | -€3,348 | -100% |
| Furniture and vehicles | 24 | €3,348 | €0 | -€3,348 | -100% |
| Current assets | 29/58 | €20,149,609 | €16,586,189 | -€3.6m | -17.7% |
| Stocks and contracts in progress | 3 | €4,636,515 | €5,805,957 | +€1.2m | +25.2% |
| Stocks | 30/36 | €4,636,515 | €5,805,957 | +€1.2m | +25.2% |
| Finished goods | 33 | €4,636,515 | €5,805,957 | +€1.2m | +25.2% |
| Amounts receivable within one year | 40/41 | €14,877,276 | €10,533,648 | -€4.3m | -29.2% |
| Trade receivables | 40 | €8,402,587 | €8,028,648 | -€373,939 | -4.5% |
| Other amounts receivable | 41 | €6,474,689 | €2,505,000 | -€4.0m | -61.3% |
| Cash at bank and in hand | 54/58 | €546,501 | €246,585 | -€299,916 | -54.9% |
| Deferred charges and accrued income | 490/1 | €89,317 | €0 | -€89,317 | -100% |
| Total equity and liabilities | 10/49 | €21,638,810 | €16,586,189 | -€5.1m | -23.3% |
| Equity | 10/15 | €9,897,733 | €2,345,084 | -€7.6m | -76.3% |
| Contributions | 10/11 | €1,150,756 | €1,150,756 | = | 0.0% |
| Capital | 10 | €1,150,756 | €1,150,756 | = | 0.0% |
| Issued capital | 100 | €1,150,756 | €1,150,756 | = | 0.0% |
| Reserves | 13 | €115,076 | €115,076 | = | 0.0% |
| Non-distributable reserves | 130/1 | €115,076 | €115,076 | = | 0.0% |
| Legal reserve | 130 | €115,076 | €115,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,631,902 | €1,079,253 | -€7.6m | -87.5% |
| Provisions and deferred taxes | 16 | €1,000 | €1,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,000 | €1,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €11,740,077 | €14,240,105 | +€2.5m | +21.3% |
| Amounts payable within one year | 42/48 | €11,234,489 | €14,238,885 | +€3.0m | +26.7% |
| Trade debts | 44 | €9,992,074 | €10,391,815 | +€399,741 | +4.0% |
| Suppliers | 440/4 | €9,992,074 | €10,391,815 | +€399,741 | +4.0% |
| Taxes, remuneration and social security | 45 | €913,714 | €876,334 | -€37,380 | -4.1% |
| Taxes | 450/3 | €911,146 | €873,766 | -€37,380 | -4.1% |
| Remuneration and social security | 454/9 | €2,568 | €2,568 | = | 0.0% |
| Other amounts payable | 47/48 | €328,702 | €2,970,736 | +€2.6m | +804% |
| Accrued charges and deferred income | 492/3 | €505,588 | €1,220 | -€504,368 | -99.8% |
| Operating income | 70/76A | €15,112,490 | €14,224,534 | -€887,956 | -5.9% |
| Turnover | 70 | €16,511,112 | €14,819,482 | -€1.7m | -10.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,398,622 | -€624,298 | +€774,324 | +55.4% |
| Own construction capitalised | 72 | €0 | - | = | |
| Other operating income | 74 | €0 | €29,350 | +€29,350 | |
| Operating charges | 60/66A | €15,133,784 | €16,185,420 | +€1.1m | +6.9% |
| Goods for resale, raw materials and consumables | 60 | €10,107,263 | €10,675,048 | +€567,785 | +5.6% |
| Purchases | 600/8 | €12,132,399 | €12,469,054 | +€336,655 | +2.8% |
| Change in stocks: decrease (increase) | 609 | -€2,025,137 | -€1,794,007 | +€231,130 | +11.4% |
| Services and other goods | 61 | €4,874,043 | €4,010,766 | -€863,277 | -17.7% |
| Remuneration, social security and pensions | 62 | €1,402 | €84 | -€1,318 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,970 | €64,863 | -€38,107 | -37.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €48,107 | €10,322 | -€37,785 | -78.5% |
| Non-recurring operating charges | 66A | - | €1,424,339 | +€1.4m | |
| Operating profit (loss) | 9901 | -€21,294 | -€1,960,887 | -€1.9m | -9,109% |
| Financial income | 75/76B | €5,934,887 | €3,643,963 | -€2.3m | -38.6% |
| Recurring financial income | 75 | €5,934,887 | €3,643,963 | -€2.3m | -38.6% |
| Income from current assets | 751 | €2,515,592 | €2,597,232 | +€81,640 | +3.2% |
| Other financial income | 752/9 | €3,419,294 | €1,046,731 | -€2.4m | -69.4% |
| Financial charges | 65/66B | €2,340,098 | €9,301,454 | +€7.0m | +297% |
| Recurring financial charges | 65 | €2,340,098 | €9,301,454 | +€7.0m | +297% |
| Debt charges | 650 | €1,740,815 | €1,759,459 | +€18,643 | +1.1% |
| Other financial charges | 652/9 | €599,282 | €7,541,995 | +€6.9m | +1,159% |
| Profit (loss) for the period before taxes | 9903 | €3,573,495 | -€7,618,377 | -€11.2m | |
| Income taxes | 67/77 | €1,058,513 | -€65,729 | -€1.1m | |
| Taxes | 670/3 | €1,058,513 | €12,910 | -€1.0m | -98.8% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €78,639 | +€78,639 | |
| Profit (loss) for the period | 9904 | €2,514,982 | -€7,552,649 | -€10.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,514,982 | -€7,552,649 | -€10.1m |
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 17 October 2026 via checked.be.