ZEUGMA Engineering: 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.
ZEUGMA Engineering
Largest movements
- Receivables within one year -€13,870
down €13,870 (-10.6%), from €130,687 to €116,817
of which Trade receivables: -€17,949
- Cash -€11,254
down €11,254 (-99.9%), from €11,267 to €13
mainly Net result for the year (-€30,923) and Tax, wage and social debts (-€6,623)
- Current investments -€2,069
down €2,069 (-6.3%), from €33,069 to €31,000
- Profit (loss) carried forward -€30,923
down €30,923 (-55.1%), from -€56,133 to -€87,056
- Short-term financial debts +€9,284
new in 2025: €9,284
- Tax, wage and social debts -€6,623
down €6,623 (-11.5%), from €57,765 to €51,143
of which Taxes: -€14,032
- Gross operating margin -€64,098
down €64,098 (-69.5%), from €92,201 to €28,103
- Staff costs +€40,390
up €40,390 (+647.2%), from €6,241 to €46,631
- Taxes -€21,623
down €21,623 (-99.3%), from €21,782 to €159
- Other operating charges +€3,517
up €3,517 (+162.3%), from €2,167 to €5,684
- Financial charges -€1,062
down €1,062 (-21.2%), from €5,012 to €3,950
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 | €190,709 | €163,089 | -€27,621 | -14.5% |
| Fixed assets | 21/28 | €9,443 | €9,375 | -€68 | -0.7% |
| Tangible fixed assets | 22/27 | €9,443 | €9,375 | -€68 | -0.7% |
| Plant, machinery and equipment | 23 | €7,149 | €5,851 | -€1,298 | -18.1% |
| Furniture and vehicles | 24 | €2,294 | €3,523 | +€1,229 | +53.6% |
| Current assets | 29/58 | €181,266 | €153,714 | -€27,552 | -15.2% |
| Amounts receivable within one year | 40/41 | €130,687 | €116,817 | -€13,870 | -10.6% |
| Trade receivables | 40 | €93,198 | €75,249 | -€17,949 | -19.3% |
| Other amounts receivable | 41 | €37,489 | €41,568 | +€4,079 | +10.9% |
| Current investments | 50/53 | €33,069 | €31,000 | -€2,069 | -6.3% |
| Cash at bank and in hand | 54/58 | €11,267 | €13 | -€11,254 | -99.9% |
| Deferred charges and accrued income | 490/1 | €6,243 | €5,885 | -€359 | -5.7% |
| Total equity and liabilities | 10/49 | €190,709 | €163,089 | -€27,621 | -14.5% |
| Equity | 10/15 | €112,325 | €81,402 | -€30,923 | -27.5% |
| Contributions | 10/11 | €25,242 | €25,242 | = | 0.0% |
| Reserves | 13 | €143,215 | €143,215 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Own shares acquired | 1312 | €31,000 | €31,000 | = | 0.0% |
| Distributable reserves | 133 | €112,215 | €112,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,133 | -€87,056 | -€30,923 | -55.1% |
| Amounts payable | 17/49 | €78,384 | €81,687 | +€3,302 | +4.2% |
| Amounts payable within one year | 42/48 | €77,781 | €81,555 | +€3,774 | +4.9% |
| Financial debts | 43 | - | €9,284 | +€9,284 | |
| Credit institutions | 430/8 | - | €9,284 | +€9,284 | |
| Trade debts | 44 | €20,015 | €21,128 | +€1,113 | +5.6% |
| Suppliers | 440/4 | €20,015 | €21,128 | +€1,113 | +5.6% |
| Taxes, remuneration and social security | 45 | €57,765 | €51,143 | -€6,623 | -11.5% |
| Taxes | 450/3 | €52,502 | €38,471 | -€14,032 | -26.7% |
| Remuneration and social security | 454/9 | €5,263 | €12,672 | +€7,409 | +140.8% |
| Accrued charges and deferred income | 492/3 | €604 | €132 | -€472 | -78.2% |
| Remuneration, social security and pensions | 62 | €6,241 | €46,631 | +€40,390 | +647.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,162 | €2,752 | +€590 | +27.3% |
| Other operating charges | 640/8 | €2,167 | €5,684 | +€3,517 | +162.3% |
| Gross operating margin | 9900 | €92,201 | €28,103 | -€64,098 | -69.5% |
| Operating profit (loss) | 9901 | €81,632 | -€26,963 | -€108,595 | |
| Financial income | 75/76B | €2 | €149 | +€147 | +7550.8% |
| Recurring financial income | 75 | €2 | €149 | +€147 | +7550.8% |
| Financial charges | 65/66B | €5,012 | €3,950 | -€1,062 | -21.2% |
| Recurring financial charges | 65 | €5,012 | €3,950 | -€1,062 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €76,622 | -€30,763 | -€107,386 | |
| Income taxes | 67/77 | €21,782 | €159 | -€21,623 | -99.3% |
| Profit (loss) for the period | 9904 | €54,840 | -€30,923 | -€85,763 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,840 | -€30,923 | -€85,763 |
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.