ZEUS-IMMO: 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.
ZEUS-IMMO
Largest movements
- Cash +€48,740
up €48,740 (+22.4%), from €217,439 to €266,179
mainly Depreciation (+€20,980) and Net result for the year (+€19,537)
- Tangible fixed assets -€12,824
down €12,824 (-3.5%), from €369,157 to €356,334
of which Land and buildings: -€19,380
- Reserves +€19,537
up €19,537 (+21.0%), from €93,114 to €112,651
- Tax, wage and social debts +€13,810
up €13,810 (+906.2%), from €1,524 to €15,334
- Taxes +€1,699
up €1,699 (+11.4%), from €14,899 to €16,598
- Financial income +€1,006
up €1,006 (+31.4%), from €3,208 to €4,214
- Gross operating margin +€640
up €640 (+1.2%), from €55,145 to €55,785
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 | €590,493 | €623,856 | +€33,363 | +5.7% |
| Fixed assets | 21/28 | €369,157 | €356,334 | -€12,824 | -3.5% |
| Tangible fixed assets | 22/27 | €369,157 | €356,334 | -€12,824 | -3.5% |
| Land and buildings | 22 | €357,910 | €338,530 | -€19,380 | -5.4% |
| Plant, machinery and equipment | 23 | €11,247 | €17,804 | +€6,556 | +58.3% |
| Current assets | 29/58 | €221,335 | €267,522 | +€46,187 | +20.9% |
| Amounts receivable within one year | 40/41 | €2,587 | - | -€2,587 | |
| Other amounts receivable | 41 | €2,587 | - | -€2,587 | |
| Cash at bank and in hand | 54/58 | €217,439 | €266,179 | +€48,740 | +22.4% |
| Deferred charges and accrued income | 490/1 | €1,309 | €1,344 | +€34 | +2.6% |
| Total equity and liabilities | 10/49 | €590,493 | €623,856 | +€33,363 | +5.7% |
| Equity | 10/15 | €587,241 | €606,778 | +€19,537 | +3.3% |
| Contributions | 10/11 | €494,127 | €494,127 | = | 0.0% |
| Reserves | 13 | €93,114 | €112,651 | +€19,537 | +21.0% |
| Distributable reserves | 133 | €93,114 | €112,651 | +€19,537 | +21.0% |
| Amounts payable | 17/49 | €3,252 | €17,078 | +€13,827 | +425.2% |
| Amounts payable within one year | 42/48 | €1,942 | €15,735 | +€13,792 | +710.1% |
| Financial debts | 43 | €5 | - | -€5 | |
| Credit institutions | 430/8 | €5 | - | -€5 | |
| Trade debts | 44 | €216 | €200 | -€16 | -7.4% |
| Suppliers | 440/4 | €216 | €200 | -€16 | -7.4% |
| Taxes, remuneration and social security | 45 | €1,524 | €15,334 | +€13,810 | +906.2% |
| Taxes | 450/3 | €1,524 | €15,334 | +€13,810 | +906.2% |
| Other amounts payable | 47/48 | €197 | €200 | +€3 | +1.7% |
| Accrued charges and deferred income | 492/3 | €1,309 | €1,344 | +€34 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,581 | €20,980 | +€399 | +1.9% |
| Other operating charges | 640/8 | €2,555 | €2,640 | +€85 | +3.3% |
| Gross operating margin | 9900 | €55,145 | €55,785 | +€640 | +1.2% |
| Operating profit (loss) | 9901 | €32,009 | €32,165 | +€156 | +0.5% |
| Financial income | 75/76B | €3,208 | €4,214 | +€1,006 | +31.4% |
| Recurring financial income | 75 | €3,208 | €4,214 | +€1,006 | +31.4% |
| Financial charges | 65/66B | €226 | €243 | +€17 | +7.4% |
| Recurring financial charges | 65 | €226 | €223 | -€3 | -1.5% |
| Non-recurring financial charges | 66B | - | €20 | +€20 | |
| Profit (loss) for the period before taxes | 9903 | €34,991 | €36,135 | +€1,145 | +3.3% |
| Income taxes | 67/77 | €14,899 | €16,598 | +€1,699 | +11.4% |
| Profit (loss) for the period | 9904 | €20,091 | €19,537 | -€554 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,091 | €19,537 | -€554 | -2.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.