ZINQ Kruisem: what changed
What changed
ZINQ Kruisem
NACE 25.510, Coating of metals
filed annual accounts (NBB)
Net result for the year
€64,959
2024 · €79,708-€14,749
Equity
€6.2m
2024 · €6.1m+€64,959
Cash
€2.4m
2024 · €2.3m+€172,972
Balance sheet total
€7.1m
2024 · €7.2m-€88,615
Largest movements
Assets
- Cash +€172,972
up €172,972 (+7.7%), from €2.3m to €2.4m
mainly Depreciation (+€285,771) and Receivables within one year (+€130,608)
- Receivables within one year -€130,608
down €130,608 (-12.4%), from €1.1m to €920,338
of which Trade receivables: -€130,608
- Stocks and contracts -€81,953
down €81,953 (-5.7%), from €1.4m to €1.3m
Equity and liabilities
- Trade debts -€189,620
down €189,620 (-31.5%), from €601,679 to €412,059
- Reserves +€89,959
up €89,959 (+15.0%), from €601,576 to €691,536
of which Distributable reserves: +€86,712
Income statement
- Staff costs +€292,486
up €292,486 (+16.1%), from €1.8m to €2.1m
- Goods and materials -€234,831
down €234,831 (-10.3%), from €2.3m to €2.0m
of which Change in stocks: decrease (increase): -€530,068
- Services and other goods -€92,732
down €92,732 (-5.5%), from €1.7m to €1.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€79,708
Turnover
+€39,885
Other operating income
-€6,575
Goods and materials
+€234,831
Services and other goods
+€92,732
Staff costs
-€292,486
Depreciation
-€23,327
Write-downs
+€14,748
Provisions
-€24,000
Other operating charges
-€34,162
Other operating items
-€3,240
Financial income
-€7,842
Financial charges
-€5,345
Taxes
+€32
Result 2025
€64,959
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€411,881
Investment
-€238,909
Financing
€0
Cash 2024
€2.3m
From operations (derived)
+€411,881
Net result for the year
+€64,959
Depreciation
+€285,771
Stocks and contracts
+€81,953
Receivables within one year
+€130,608
Deferred charges and accrued income
+€2,163
Trade debts
-€189,620
Tax, wage and social debts
+€35,704
Accrued charges and deferred income
+€341
Investment (derived)
-€238,909
Investment in fixed assets (net)
-€238,909
Cash 2025
€2.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,153,116 | €7,064,501 | -€88,615 | -1.2% |
| Fixed assets | 21/28 | €2,415,715 | €2,368,852 | -€46,862 | -1.9% |
| Intangible fixed assets | 21 | €3,933 | €3,268 | -€665 | -16.9% |
| Tangible fixed assets | 22/27 | €2,409,382 | €2,362,384 | -€46,998 | -2.0% |
| Land and buildings | 22 | €1,618,277 | €1,468,063 | -€150,214 | -9.3% |
| Plant, machinery and equipment | 23 | €423,699 | €784,598 | +€360,899 | +85.2% |
| Furniture and vehicles | 24 | €116,936 | €77,989 | -€38,947 | -33.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €250,470 | €31,734 | -€218,736 | -87.3% |
| Financial fixed assets | 28 | €2,400 | €3,200 | +€800 | +33.3% |
| Other financial fixed assets | 284/8 | €2,400 | €3,200 | +€800 | +33.3% |
| Amounts receivable and cash guarantees | 285/8 | €2,400 | €3,200 | +€800 | +33.3% |
| Current assets | 29/58 | €4,737,401 | €4,695,648 | -€41,753 | -0.9% |
| Stocks and contracts in progress | 3 | €1,430,919 | €1,348,966 | -€81,953 | -5.7% |
| Stocks | 30/36 | €1,430,919 | €1,348,966 | -€81,953 | -5.7% |
| Raw materials and consumables | 30/31 | €1,430,919 | €1,348,966 | -€81,953 | -5.7% |
| Amounts receivable within one year | 40/41 | €1,050,947 | €920,338 | -€130,608 | -12.4% |
| Trade receivables | 40 | €1,050,947 | €920,338 | -€130,608 | -12.4% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €2,251,227 | €2,424,199 | +€172,972 | +7.7% |
| Deferred charges and accrued income | 490/1 | €4,308 | €2,145 | -€2,163 | -50.2% |
| Total equity and liabilities | 10/49 | €7,153,116 | €7,064,501 | -€88,615 | -1.2% |
| Equity | 10/15 | €6,104,107 | €6,169,067 | +€64,959 | +1.1% |
| Contributions | 10/11 | €5,396,281 | €5,396,281 | = | 0.0% |
| Capital | 10 | €5,396,281 | €5,396,281 | = | 0.0% |
| Issued capital | 100 | €5,396,281 | €5,396,281 | = | 0.0% |
| Revaluation surpluses | 12 | €106,250 | €81,250 | -€25,000 | -23.5% |
| Reserves | 13 | €601,576 | €691,536 | +€89,959 | +15.0% |
| Non-distributable reserves | 130/1 | €170,940 | €174,188 | +€3,248 | +1.9% |
| Legal reserve | 130 | €170,940 | €174,188 | +€3,248 | +1.9% |
| Tax-exempt reserves | 132 | €166,590 | €166,590 | = | 0.0% |
| Distributable reserves | 133 | €264,046 | €350,758 | +€86,712 | +32.8% |
| Amounts payable | 17/49 | €1,049,009 | €895,434 | -€153,575 | -14.6% |
| Amounts payable within one year | 42/48 | €988,457 | €834,542 | -€153,915 | -15.6% |
| Trade debts | 44 | €601,679 | €412,059 | -€189,620 | -31.5% |
| Suppliers | 440/4 | €601,679 | €412,059 | -€189,620 | -31.5% |
| Taxes, remuneration and social security | 45 | €386,778 | €422,483 | +€35,704 | +9.2% |
| Taxes | 450/3 | €97,125 | €69,473 | -€27,652 | -28.5% |
| Remuneration and social security | 454/9 | €289,653 | €353,010 | +€63,356 | +21.9% |
| Accrued charges and deferred income | 492/3 | €60,552 | €60,893 | +€341 | +0.6% |
| Operating income | 70/76A | €6,124,857 | €6,153,677 | +€28,820 | +0.5% |
| Turnover | 70 | €5,672,969 | €5,712,853 | +€39,885 | +0.7% |
| Other operating income | 74 | €446,638 | €440,064 | -€6,575 | -1.5% |
| Non-recurring operating income | 76A | €5,250 | €760 | -€4,490 | -85.5% |
| Operating charges | 60/66A | €6,065,604 | €6,096,018 | +€30,414 | +0.5% |
| Goods for resale, raw materials and consumables | 60 | €2,271,640 | €2,036,808 | -€234,831 | -10.3% |
| Purchases | 600/8 | €1,659,618 | €1,954,855 | +€295,237 | +17.8% |
| Change in stocks: decrease (increase) | 609 | €612,021 | €81,953 | -€530,068 | -86.6% |
| Services and other goods | 61 | €1,699,803 | €1,607,071 | -€92,732 | -5.5% |
| Remuneration, social security and pensions | 62 | €1,816,409 | €2,108,895 | +€292,486 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,445 | €285,771 | +€23,327 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €79 | -€14,669 | -€14,748 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€24,000 | - | +€24,000 | |
| Other operating charges | 640/8 | €37,980 | €72,142 | +€34,162 | +89.9% |
| Non-recurring operating charges | 66A | €1,250 | - | -€1,250 | |
| Operating profit (loss) | 9901 | €59,253 | €57,659 | -€1,594 | -2.7% |
| Financial income | 75/76B | €34,622 | €26,780 | -€7,842 | -22.7% |
| Recurring financial income | 75 | €34,622 | €26,780 | -€7,842 | -22.7% |
| Income from current assets | 751 | €33,741 | €26,780 | -€6,962 | -20.6% |
| Other financial income | 752/9 | €880 | €0 | -€880 | -100.0% |
| Financial charges | 65/66B | €13,301 | €18,646 | +€5,345 | +40.2% |
| Recurring financial charges | 65 | €13,301 | €18,646 | +€5,345 | +40.2% |
| Debt charges | 650 | €4,737 | €10,538 | +€5,801 | +122% |
| Other financial charges | 652/9 | €8,564 | €8,108 | -€456 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €80,574 | €65,793 | -€14,781 | -18.3% |
| Income taxes | 67/77 | €865 | €833 | -€32 | -3.7% |
| Taxes | 670/3 | €865 | €833 | -€32 | -3.7% |
| Profit (loss) for the period | 9904 | €79,708 | €64,959 | -€14,749 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €79,708 | €64,959 | -€14,749 | -18.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.