ZUREL MENUISERIE: 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.
ZUREL MENUISERIE
Largest movements
- Receivables within one year +€38,996
up €38,996 (+108%), from €36,206 to €75,202
of which Trade receivables: +€42,714
- Cash -€12,224
down €12,224 (-20.2%), from €60,367 to €48,143
mainly Receivables within one year (-€38,996) and Debts after one year (-€8,482)
- Tangible fixed assets -€12,017
down €12,017 (-63.3%), from €18,979 to €6,962
of which Leasing and similar rights: -€11,659
- Trade debts +€27,856
up €27,856 (+582%), from €4,783 to €32,639
of which Bills of exchange payable: +€28,242
- Debts after one year -€8,482
down €8,482 (-78.0%), from €10,878 to €2,396
- Current portion of long-term debt -€3,662
down €3,662 (-30.2%), from €12,144 to €8,482
- Gross operating margin -€33,301
down €33,301 (-61.6%), from €54,057 to €20,756
- Staff costs -€25,253
down €25,253 (-99.1%), from €25,488 to €235
- Financial charges -€5,272
down €5,272 (-93.0%), from €5,668 to €396
- Taxes +€3,223
up €3,223 (+107%), from €3,006 to €6,229
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,587 | €141,592 | +€14,005 | +11.0% |
| Fixed assets | 21/28 | €19,004 | €6,987 | -€12,017 | -63.2% |
| Tangible fixed assets | 22/27 | €18,979 | €6,962 | -€12,017 | -63.3% |
| Furniture and vehicles | 24 | €396 | €38 | -€358 | -90.4% |
| Leasing and similar rights | 25 | €18,583 | €6,924 | -€11,659 | -62.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €108,583 | €134,605 | +€26,022 | +24.0% |
| Stocks and contracts in progress | 3 | €10,665 | €10,420 | -€245 | -2.3% |
| Stocks | 30/36 | €10,665 | €10,420 | -€245 | -2.3% |
| Amounts receivable within one year | 40/41 | €36,206 | €75,202 | +€38,996 | +108% |
| Trade receivables | 40 | €29,165 | €71,879 | +€42,714 | +146% |
| Other amounts receivable | 41 | €7,041 | €3,323 | -€3,718 | -52.8% |
| Cash at bank and in hand | 54/58 | €60,367 | €48,143 | -€12,224 | -20.2% |
| Deferred charges and accrued income | 490/1 | €1,345 | €840 | -€505 | -37.5% |
| Total equity and liabilities | 10/49 | €127,587 | €141,592 | +€14,005 | +11.0% |
| Equity | 10/15 | €93,238 | €93,887 | +€649 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,638 | €55,287 | +€649 | +1.2% |
| Amounts payable | 17/49 | €34,349 | €47,705 | +€13,356 | +38.9% |
| Amounts payable after more than one year | 17 | €10,878 | €2,396 | -€8,482 | -78.0% |
| Financial debts | 170/4 | €10,878 | €2,396 | -€8,482 | -78.0% |
| Amounts payable within one year | 42/48 | €23,378 | €45,239 | +€21,861 | +93.5% |
| Current portion of amounts payable after more than one year | 42 | €12,144 | €8,482 | -€3,662 | -30.2% |
| Trade debts | 44 | €4,783 | €32,639 | +€27,856 | +582% |
| Suppliers | 440/4 | €4,783 | €4,397 | -€386 | -8.1% |
| Bills of exchange payable | 441 | - | €28,242 | +€28,242 | |
| Taxes, remuneration and social security | 45 | €5,422 | €4,118 | -€1,304 | -24.1% |
| Taxes | 450/3 | €1,422 | €1,100 | -€322 | -22.6% |
| Remuneration and social security | 454/9 | €4,000 | €3,018 | -€982 | -24.6% |
| Other amounts payable | 47/48 | €1,029 | - | -€1,029 | |
| Accrued charges and deferred income | 492/3 | €93 | €70 | -€23 | -24.7% |
| Remuneration, social security and pensions | 62 | €25,488 | €235 | -€25,253 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,256 | €12,017 | -€239 | -2.0% |
| Other operating charges | 640/8 | €1,357 | €1,231 | -€126 | -9.3% |
| Gross operating margin | 9900 | €54,057 | €20,756 | -€33,301 | -61.6% |
| Operating profit (loss) | 9901 | €14,956 | €7,273 | -€7,683 | -51.4% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €5,668 | €396 | -€5,272 | -93.0% |
| Recurring financial charges | 65 | €5,668 | €396 | -€5,272 | -93.0% |
| Profit (loss) for the period before taxes | 9903 | €9,295 | €6,877 | -€2,418 | -26.0% |
| Income taxes | 67/77 | €3,006 | €6,229 | +€3,223 | +107% |
| Profit (loss) for the period | 9904 | €6,289 | €648 | -€5,641 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,289 | €648 | -€5,641 | -89.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.