ZOUBOV ENGINEERS: 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.
ZOUBOV ENGINEERS
Largest movements
- Cash +€15,844
up €15,844 (+54.8%), from €28,901 to €44,744
mainly Net result for the year (+€18,204) and Deferred charges and accrued income (+€1,438)
- Receivables within one year +€4,325
up €4,325 (+4.1%), from €105,484 to €109,809
of which Trade receivables: +€6,793
- Profit (loss) carried forward +€18,204
up €18,204 (+27.4%), from €66,413 to €84,617
- Gross operating margin -€1,416
down €1,416 (-6.4%), from €22,165 to €20,748
- Financial charges +€1,258
up €1,258 (+524%), from €240 to €1,497
- Financial income -€1,128
down €1,128 (-79.2%), from €1,425 to €297
- Depreciation -€248
down €248 (-20.8%), from €1,192 to €944
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,481 | €167,282 | +€17,801 | +11.9% |
| Fixed assets | 21/28 | €2,410 | €2,768 | +€358 | +14.8% |
| Tangible fixed assets | 22/27 | €2,410 | €2,768 | +€358 | +14.8% |
| Furniture and vehicles | 24 | €2,410 | €2,768 | +€358 | +14.8% |
| Current assets | 29/58 | €147,071 | €164,514 | +€17,443 | +11.9% |
| Stocks and contracts in progress | 3 | €11,170 | €9,883 | -€1,288 | -11.5% |
| Stocks | 30/36 | €11,170 | €9,883 | -€1,288 | -11.5% |
| Amounts receivable within one year | 40/41 | €105,484 | €109,809 | +€4,325 | +4.1% |
| Trade receivables | 40 | €101,469 | €108,262 | +€6,793 | +6.7% |
| Other amounts receivable | 41 | €4,015 | €1,547 | -€2,468 | -61.5% |
| Cash at bank and in hand | 54/58 | €28,901 | €44,744 | +€15,844 | +54.8% |
| Deferred charges and accrued income | 490/1 | €1,516 | €78 | -€1,438 | -94.8% |
| Total equity and liabilities | 10/49 | €149,481 | €167,282 | +€17,801 | +11.9% |
| Equity | 10/15 | €146,341 | €164,545 | +€18,204 | +12.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €17,927 | €17,927 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €11,727 | €11,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,413 | €84,617 | +€18,204 | +27.4% |
| Amounts payable | 17/49 | €3,140 | €2,737 | -€403 | -12.8% |
| Amounts payable within one year | 42/48 | €3,140 | €2,737 | -€403 | -12.8% |
| Trade debts | 44 | €2,252 | €1,579 | -€673 | -29.9% |
| Suppliers | 440/4 | €2,252 | €1,579 | -€673 | -29.9% |
| Other amounts payable | 47/48 | €889 | €1,159 | +€270 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,192 | €944 | -€248 | -20.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €22,165 | €20,748 | -€1,416 | -6.4% |
| Operating profit (loss) | 9901 | €20,586 | €19,404 | -€1,181 | -5.7% |
| Financial income | 75/76B | €1,425 | €297 | -€1,128 | -79.2% |
| Recurring financial income | 75 | €1,425 | €297 | -€1,128 | -79.2% |
| Financial charges | 65/66B | €240 | €1,497 | +€1,258 | +524% |
| Recurring financial charges | 65 | €240 | €1,497 | +€1,258 | +524% |
| Profit (loss) for the period before taxes | 9903 | €21,771 | €18,204 | -€3,567 | -16.4% |
| Profit (loss) for the period | 9904 | €21,771 | €18,204 | -€3,567 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,771 | €18,204 | -€3,567 | -16.4% |
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 15 October 2026 via checked.be.