ZEUZIOS: 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.
ZEUZIOS
Largest movements
- Tangible fixed assets +€97,564
up €97,564 (+16.7%), from €584,697 to €682,261
of which Land and buildings: +€98,396
- Receivables within one year -€35,773
down €35,773 (-51.7%), from €69,175 to €33,402
of which Trade receivables: -€29,370
- Debts after one year +€25,827
up €25,827 (+6.4%), from €403,509 to €429,335
- Reserves +€21,087
up €21,087 (+18.8%), from €111,946 to €133,033
- Other debts +€8,359
up €8,359 (+7.9%), from €106,093 to €114,452
- Gross operating margin +€24,008
up €24,008 (+25.1%), from €95,463 to €119,471
- Depreciation +€4,647
up €4,647 (+10.0%), from €46,546 to €51,194
- Taxes +€4,586
up €4,586 (+86.2%), from €5,318 to €9,904
- Financial charges +€3,222
up €3,222 (+25.8%), from €12,474 to €15,696
- Other operating charges +€1,461
up €1,461 (+11.3%), from €12,946 to €14,407
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 | €723,227 | €785,906 | +€62,678 | +8.7% |
| Fixed assets | 21/28 | €584,697 | €682,261 | +€97,564 | +16.7% |
| Tangible fixed assets | 22/27 | €584,697 | €682,261 | +€97,564 | +16.7% |
| Land and buildings | 22 | €578,589 | €676,985 | +€98,396 | +17.0% |
| Plant, machinery and equipment | 23 | €1,635 | €2,111 | +€476 | +29.1% |
| Furniture and vehicles | 24 | €4,473 | €3,165 | -€1,308 | -29.2% |
| Current assets | 29/58 | €138,530 | €103,645 | -€34,885 | -25.2% |
| Amounts receivable within one year | 40/41 | €69,175 | €33,402 | -€35,773 | -51.7% |
| Trade receivables | 40 | €62,540 | €33,170 | -€29,370 | -47.0% |
| Other amounts receivable | 41 | €6,636 | €233 | -€6,403 | -96.5% |
| Cash at bank and in hand | 54/58 | €65,417 | €66,773 | +€1,357 | +2.1% |
| Deferred charges and accrued income | 490/1 | €3,938 | €3,469 | -€469 | -11.9% |
| Total equity and liabilities | 10/49 | €723,227 | €785,906 | +€62,678 | +8.7% |
| Equity | 10/15 | €130,546 | €151,633 | +€21,087 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,946 | €133,033 | +€21,087 | +18.8% |
| Distributable reserves | 133 | €111,946 | €133,033 | +€21,087 | +18.8% |
| Amounts payable | 17/49 | €592,681 | €634,273 | +€41,591 | +7.0% |
| Amounts payable after more than one year | 17 | €403,509 | €429,335 | +€25,827 | +6.4% |
| Financial debts | 170/4 | €403,509 | €429,335 | +€25,827 | +6.4% |
| Amounts payable within one year | 42/48 | €187,409 | €202,873 | +€15,464 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €64,775 | €70,771 | +€5,996 | +9.3% |
| Trade debts | 44 | €3,738 | €3,117 | -€621 | -16.6% |
| Suppliers | 440/4 | €3,738 | €3,117 | -€621 | -16.6% |
| Taxes, remuneration and social security | 45 | €12,803 | €14,533 | +€1,730 | +13.5% |
| Taxes | 450/3 | €12,803 | €14,533 | +€1,730 | +13.5% |
| Other amounts payable | 47/48 | €106,093 | €114,452 | +€8,359 | +7.9% |
| Accrued charges and deferred income | 492/3 | €1,763 | €2,064 | +€301 | +17.1% |
| Remuneration, social security and pensions | 62 | €7,327 | €7,456 | +€129 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,546 | €51,194 | +€4,647 | +10.0% |
| Other operating charges | 640/8 | €12,946 | €14,407 | +€1,461 | +11.3% |
| Gross operating margin | 9900 | €95,463 | €119,471 | +€24,008 | +25.1% |
| Operating profit (loss) | 9901 | €28,644 | €46,415 | +€17,771 | +62.0% |
| Financial income | 75/76B | €168 | €272 | +€104 | +61.9% |
| Recurring financial income | 75 | €168 | €272 | +€104 | +61.9% |
| Financial charges | 65/66B | €12,474 | €15,696 | +€3,222 | +25.8% |
| Recurring financial charges | 65 | €12,474 | €15,696 | +€3,222 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €16,337 | €30,990 | +€14,653 | +89.7% |
| Income taxes | 67/77 | €5,318 | €9,904 | +€4,586 | +86.2% |
| Profit (loss) for the period | 9904 | €11,020 | €21,087 | +€10,067 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,020 | €21,087 | +€10,067 | +91.4% |
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 6 October 2026 via checked.be.