ZUCARLUX: 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.
ZUCARLUX
Largest movements
- Tangible fixed assets +€504,817
up €504,817 (+35.3%), from €1.4m to €1.9m
of which Land and buildings: +€510,678
- Receivables within one year +€131,340
up €131,340 (+138%), from €94,832 to €226,173
of which Trade receivables: +€117,797
- Cash +€51,714
up €51,714 (+11.4%), from €453,347 to €505,060
mainly Debts after one year (+€730,913) and Depreciation (+€135,659)
- Debts after one year +€730,913
up €730,913 (+133%), from €551,394 to €1.3m
- Trade debts -€185,323
down €185,323 (-52.9%), from €350,036 to €164,713
- Profit (loss) carried forward +€78,585
up €78,585 (+43.0%), from €182,569 to €261,154
- Reserves +€40,000
up €40,000 (+9.9%), from €405,470 to €445,470
of which Distributable reserves: +€40,000
- Gross operating margin +€165,995
up €165,995 (+60.0%), from €276,752 to €442,747
- Depreciation +€69,512
up €69,512 (+105%), from €66,148 to €135,659
- Financial charges +€42,419
up €42,419 (+433%), from €9,798 to €52,217
- Taxes +€18,864
up €18,864 (+189%), from €10,000 to €28,864
- Write-downs +€18,000
new in 2025: €18,000
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 | €1,991,775 | €2,679,645 | +€687,871 | +34.5% |
| Fixed assets | 21/28 | €1,443,596 | €1,948,413 | +€504,817 | +35.0% |
| Tangible fixed assets | 22/27 | €1,431,401 | €1,936,218 | +€504,817 | +35.3% |
| Land and buildings | 22 | €1,411,011 | €1,921,690 | +€510,678 | +36.2% |
| Plant, machinery and equipment | 23 | €19,702 | €12,399 | -€7,304 | -37.1% |
| Furniture and vehicles | 24 | €687 | €2,129 | +€1,442 | +210% |
| Financial fixed assets | 28 | €12,195 | €12,195 | = | 0.0% |
| Current assets | 29/58 | €548,179 | €731,233 | +€183,054 | +33.4% |
| Amounts receivable within one year | 40/41 | €94,832 | €226,173 | +€131,340 | +138% |
| Trade receivables | 40 | €92,898 | €210,695 | +€117,797 | +127% |
| Other amounts receivable | 41 | €1,935 | €15,478 | +€13,543 | +700% |
| Cash at bank and in hand | 54/58 | €453,347 | €505,060 | +€51,714 | +11.4% |
| Total equity and liabilities | 10/49 | €1,991,775 | €2,679,645 | +€687,871 | +34.5% |
| Equity | 10/15 | €638,039 | €756,624 | +€118,585 | +18.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €405,470 | €445,470 | +€40,000 | +9.9% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €400,470 | €440,470 | +€40,000 | +10.0% |
| Profit (loss) carried forward | 14 | €182,569 | €261,154 | +€78,585 | +43.0% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Environmental obligations | 163 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,343,736 | €1,913,022 | +€569,286 | +42.4% |
| Amounts payable after more than one year | 17 | €551,394 | €1,282,306 | +€730,913 | +133% |
| Financial debts | 170/4 | €551,394 | €1,282,306 | +€730,913 | +133% |
| Amounts payable within one year | 42/48 | €774,731 | €615,260 | -€159,471 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €76,007 | €96,722 | +€20,716 | +27.3% |
| Trade debts | 44 | €350,036 | €164,713 | -€185,323 | -52.9% |
| Suppliers | 440/4 | €350,036 | €164,713 | -€185,323 | -52.9% |
| Taxes, remuneration and social security | 45 | €5,822 | €16,114 | +€10,293 | +177% |
| Taxes | 450/3 | - | €8,906 | +€8,906 | |
| Remuneration and social security | 454/9 | €5,822 | €7,208 | +€1,387 | +23.8% |
| Other amounts payable | 47/48 | €342,867 | €337,711 | -€5,156 | -1.5% |
| Accrued charges and deferred income | 492/3 | €17,611 | €15,455 | -€2,156 | -12.2% |
| Non-recurring operating income | 76A | €8,500 | €75 | -€8,425 | -99.1% |
| Remuneration, social security and pensions | 62 | €52,480 | €54,402 | +€1,922 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,148 | €135,659 | +€69,512 | +105% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,000 | +€18,000 | |
| Other operating charges | 640/8 | €38,466 | €35,022 | -€3,445 | -9.0% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €276,752 | €442,747 | +€165,995 | +60.0% |
| Operating profit (loss) | 9901 | €119,409 | €199,664 | +€80,256 | +67.2% |
| Financial income | 75/76B | €2 | €1 | -€1 | -66.2% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -66.2% |
| Financial charges | 65/66B | €9,798 | €52,217 | +€42,419 | +433% |
| Recurring financial charges | 65 | €9,798 | €52,217 | +€42,419 | +433% |
| Profit (loss) for the period before taxes | 9903 | €109,613 | €147,448 | +€37,835 | +34.5% |
| Income taxes | 67/77 | €10,000 | €28,864 | +€18,864 | +189% |
| Profit (loss) for the period | 9904 | €99,613 | €118,585 | +€18,971 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,613 | €118,585 | +€18,971 | +19.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.