ZUCO CONSTRUCTION: 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.
ZUCO CONSTRUCTION
Largest movements
- Tangible fixed assets +€28,777
up €28,777 (+838%), from €3,434 to €32,211
of which Land and buildings: +€30,484
- Cash -€6,498
down €6,498 (-63.9%), from €10,170 to €3,672
mainly Investment in fixed assets (net) (-€31,073) and Accrued charges and deferred income (-€5,250)
- Deferred charges and accrued income -€1,141
no longer reported in 2025 (was €1,141)
- Receivables within one year +€833
up €833 (+5.7%), from €14,496 to €15,329
of which Other amounts receivable: +€3,173
- Trade debts +€20,140
up €20,140 (+159%), from €12,683 to €32,823
- Other debts +€5,250
new in 2025: €5,250
- Accrued charges and deferred income -€5,250
no longer reported in 2025 (was €5,250)
- Profit (loss) carried forward +€1,932
up €1,932 (+31.1%), from €6,207 to €8,139
- Staff costs +€7,157
up €7,157 (+89.3%), from €8,013 to €15,170
- Gross operating margin +€2,302
up €2,302 (+9.9%), from €23,344 to €25,646
- Other operating charges +€1,310
up €1,310 (+382%), from €343 to €1,653
- Financial charges +€1,283
up €1,283 (+1,146%), from €112 to €1,395
- Depreciation +€332
up €332 (+14.9%), from €2,233 to €2,565
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 | €29,510 | €51,212 | +€21,702 | +73.5% |
| Formation expenses | 20 | €269 | €0 | -€269 | -100% |
| Fixed assets | 21/28 | €3,434 | €32,211 | +€28,777 | +838% |
| Tangible fixed assets | 22/27 | €3,434 | €32,211 | +€28,777 | +838% |
| Land and buildings | 22 | - | €30,484 | +€30,484 | |
| Plant, machinery and equipment | 23 | €3,434 | €1,727 | -€1,707 | -49.7% |
| Current assets | 29/58 | €25,807 | €19,001 | -€6,806 | -26.4% |
| Amounts receivable within one year | 40/41 | €14,496 | €15,329 | +€833 | +5.7% |
| Trade receivables | 40 | €12,424 | €10,084 | -€2,340 | -18.8% |
| Other amounts receivable | 41 | €2,072 | €5,245 | +€3,173 | +153% |
| Cash at bank and in hand | 54/58 | €10,170 | €3,672 | -€6,498 | -63.9% |
| Deferred charges and accrued income | 490/1 | €1,141 | - | -€1,141 | |
| Total equity and liabilities | 10/49 | €29,510 | €51,212 | +€21,702 | +73.5% |
| Equity | 10/15 | €8,207 | €10,139 | +€1,932 | +23.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,207 | €8,139 | +€1,932 | +31.1% |
| Amounts payable | 17/49 | €21,303 | €41,073 | +€19,770 | +92.8% |
| Amounts payable within one year | 42/48 | €16,053 | €41,073 | +€25,020 | +156% |
| Trade debts | 44 | €12,683 | €32,823 | +€20,140 | +159% |
| Suppliers | 440/4 | €12,683 | €32,823 | +€20,140 | +159% |
| Taxes, remuneration and social security | 45 | €3,370 | €3,000 | -€370 | -11.0% |
| Taxes | 450/3 | €3,370 | €3,000 | -€370 | -11.0% |
| Other amounts payable | 47/48 | - | €5,250 | +€5,250 | |
| Accrued charges and deferred income | 492/3 | €5,250 | - | -€5,250 | |
| Remuneration, social security and pensions | 62 | €8,013 | €15,170 | +€7,157 | +89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,233 | €2,565 | +€332 | +14.9% |
| Other operating charges | 640/8 | €343 | €1,653 | +€1,310 | +382% |
| Non-recurring operating charges | 66A | - | €2,931 | +€2,931 | |
| Gross operating margin | 9900 | €23,344 | €25,646 | +€2,302 | +9.9% |
| Operating profit (loss) | 9901 | €12,755 | €3,327 | -€9,428 | -73.9% |
| Financial charges | 65/66B | €112 | €1,395 | +€1,283 | +1,146% |
| Recurring financial charges | 65 | €112 | €1,395 | +€1,283 | +1,146% |
| Profit (loss) for the period before taxes | 9903 | €12,643 | €1,932 | -€10,711 | -84.7% |
| Profit (loss) for the period | 9904 | €12,643 | €1,932 | -€10,711 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,643 | €1,932 | -€10,711 | -84.7% |
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 29 October 2026 via checked.be.