ZUKOS: 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.
ZUKOS
Largest movements
- Tangible fixed assets -€2,214
down €2,214 (-91.9%), from €2,409 to €195
of which Furniture and vehicles: -€1,957
- Reserves -€4,566
down €4,566 (-3.3%), from €136,629 to €132,063
- Financial income -€1,939
down €1,939 (-47.7%), from €4,068 to €2,129
- Gross operating margin -€1,839
down €1,839 (-94.9%), from -€1,937 to -€3,776
- Depreciation -€1,044
down €1,044 (-32.1%), from €3,257 to €2,213
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 | €155,449 | €150,883 | -€4,566 | -2.9% |
| Fixed assets | 21/28 | €2,409 | €195 | -€2,214 | -91.9% |
| Tangible fixed assets | 22/27 | €2,409 | €195 | -€2,214 | -91.9% |
| Plant, machinery and equipment | 23 | €452 | €195 | -€257 | -56.9% |
| Furniture and vehicles | 24 | €1,957 | - | -€1,957 | |
| Current assets | 29/58 | €153,040 | €150,688 | -€2,352 | -1.5% |
| Amounts receivable within one year | 40/41 | €1,543 | €942 | -€601 | -39.0% |
| Other amounts receivable | 41 | €1,543 | €942 | -€601 | -39.0% |
| Current investments | 50/53 | €149,348 | €147,888 | -€1,460 | -1.0% |
| Cash at bank and in hand | 54/58 | €841 | €277 | -€564 | -67.1% |
| Deferred charges and accrued income | 490/1 | €1,308 | €1,581 | +€273 | +20.9% |
| Total equity and liabilities | 10/49 | €155,449 | €150,883 | -€4,566 | -2.9% |
| Equity | 10/15 | €149,029 | €144,463 | -€4,566 | -3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €136,629 | €132,063 | -€4,566 | -3.3% |
| Distributable reserves | 133 | €136,629 | €132,063 | -€4,566 | -3.3% |
| Amounts payable | 17/49 | €6,420 | €6,420 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,420 | €6,420 | = | 0.0% |
| Other amounts payable | 47/48 | €6,420 | €6,420 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,257 | €2,213 | -€1,044 | -32.1% |
| Other operating charges | 640/8 | €619 | €629 | +€10 | +1.6% |
| Gross operating margin | 9900 | -€1,937 | -€3,776 | -€1,839 | -94.9% |
| Operating profit (loss) | 9901 | -€5,813 | -€6,618 | -€805 | -13.8% |
| Financial income | 75/76B | €4,068 | €2,129 | -€1,939 | -47.7% |
| Recurring financial income | 75 | €4,068 | €2,129 | -€1,939 | -47.7% |
| Financial charges | 65/66B | €72 | €77 | +€5 | +6.9% |
| Recurring financial charges | 65 | €72 | €77 | +€5 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,817 | -€4,566 | -€2,749 | -151.3% |
| Profit (loss) for the period | 9904 | -€1,817 | -€4,566 | -€2,749 | -151.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,817 | -€4,566 | -€2,749 | -151.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.