Zure: what changed
Two fiscal 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.
Zure
Largest movements
- Cash +€46,431
up €46,431 (+62.7%), from €74,030 to €120,461
mainly Net result for the year (+€90,312) and Receivables within one year (+€26,654)
- Receivables within one year -€26,654
down €26,654 (-12.3%), from €215,910 to €189,255
of which Trade receivables: -€26,385
- Tangible fixed assets -€4,711
down €4,711 (-19.5%), from €24,170 to €19,459
of which Furniture and vehicles: -€5,540
- Intangible fixed assets +€4,426
new in 2025: €4,426
- Profit (loss) carried forward +€45,312
up €45,312 (+30.6%), from €148,243 to €193,556
- Accrued charges and deferred income -€12,819
down €12,819 (-53.0%), from €24,180 to €11,361
- Current portion of long-term debt -€10,049
down €10,049 (-91.4%), from €11,000 to €951
- Trade debts -€6,584
down €6,584 (-41.2%), from €15,991 to €9,407
- Other debts +€3,900
up €3,900 (+9.5%), from €41,100 to €45,000
- Gross operating margin +€93,057
up €93,057 (+17.9%), from €519,094 to €612,151
- Staff costs +€67,355
up €67,355 (+17.3%), from €389,391 to €456,745
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 | €350,635 | €370,878 | +€20,243 | +5.8% |
| Fixed assets | 21/28 | €44,208 | €43,923 | -€285 | -0.6% |
| Intangible fixed assets | 21 | - | €4,426 | +€4,426 | |
| Tangible fixed assets | 22/27 | €24,170 | €19,459 | -€4,711 | -19.5% |
| Plant, machinery and equipment | 23 | €7,700 | €8,528 | +€829 | +10.8% |
| Furniture and vehicles | 24 | €16,471 | €10,931 | -€5,540 | -33.6% |
| Financial fixed assets | 28 | €20,038 | €20,038 | = | 0.0% |
| Current assets | 29/58 | €306,427 | €326,955 | +€20,528 | +6.7% |
| Amounts receivable within one year | 40/41 | €215,910 | €189,255 | -€26,654 | -12.3% |
| Trade receivables | 40 | €212,442 | €186,057 | -€26,385 | -12.4% |
| Other amounts receivable | 41 | €3,468 | €3,199 | -€269 | -7.8% |
| Cash at bank and in hand | 54/58 | €74,030 | €120,461 | +€46,431 | +62.7% |
| Deferred charges and accrued income | 490/1 | €16,487 | €17,239 | +€751 | +4.6% |
| Total equity and liabilities | 10/49 | €350,635 | €370,878 | +€20,243 | +5.8% |
| Equity | 10/15 | €153,243 | €198,556 | +€45,312 | +29.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,243 | €193,556 | +€45,312 | +30.6% |
| Amounts payable | 17/49 | €197,392 | €172,322 | -€25,070 | -12.7% |
| Amounts payable after more than one year | 17 | €0 | €3,286 | +€3,286 | |
| Financial debts | 170/4 | - | €3,286 | +€3,286 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €173,212 | €157,675 | -€15,537 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | €951 | -€10,049 | -91.4% |
| Financial debts | 43 | €18,452 | €17,280 | -€1,172 | -6.4% |
| Credit institutions | 430/8 | €18,452 | €17,280 | -€1,172 | -6.4% |
| Trade debts | 44 | €15,991 | €9,407 | -€6,584 | -41.2% |
| Suppliers | 440/4 | €15,991 | €9,407 | -€6,584 | -41.2% |
| Taxes, remuneration and social security | 45 | €86,669 | €85,037 | -€1,632 | -1.9% |
| Taxes | 450/3 | €28,577 | €20,046 | -€8,531 | -29.9% |
| Remuneration and social security | 454/9 | €58,091 | €64,991 | +€6,900 | +11.9% |
| Other amounts payable | 47/48 | €41,100 | €45,000 | +€3,900 | +9.5% |
| Accrued charges and deferred income | 492/3 | €24,180 | €11,361 | -€12,819 | -53.0% |
| Remuneration, social security and pensions | 62 | €389,391 | €456,745 | +€67,355 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,088 | €9,637 | -€451 | -4.5% |
| Other operating charges | 640/8 | €1,388 | €1,404 | +€16 | +1.2% |
| Gross operating margin | 9900 | €519,094 | €612,151 | +€93,057 | +17.9% |
| Operating profit (loss) | 9901 | €118,227 | €144,365 | +€26,137 | +22.1% |
| Financial income | 75/76B | €82 | €165 | +€82 | +100.0% |
| Recurring financial income | 75 | €82 | €165 | +€82 | +100.0% |
| Financial charges | 65/66B | €15,532 | €15,915 | +€383 | +2.5% |
| Recurring financial charges | 65 | €15,532 | €15,915 | +€383 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €102,778 | €128,614 | +€25,836 | +25.1% |
| Income taxes | 67/77 | €33,032 | €38,301 | +€5,269 | +16.0% |
| Profit (loss) for the period | 9904 | €69,746 | €90,312 | +€20,567 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,746 | €90,312 | +€20,567 | +29.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.