ZUSENZUS: 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.
ZUSENZUS
Largest movements
- Tangible fixed assets -€11,206
down €11,206 (-18.3%), from €61,133 to €49,927
of which Other tangible fixed assets: -€6,600
- Receivables within one year -€1,232
no longer reported in 2025 (was €1,232)
- Deferred charges and accrued income -€1,012
no longer reported in 2025 (was €1,012)
- Profit (loss) carried forward -€25,580
down €25,580 (-54.0%), from -€47,356 to -€72,937
- Trade debts +€21,605
up €21,605 (+502%), from €4,307 to €25,912
- Debts after one year -€8,382
down €8,382 (-12.7%), from €66,116 to €57,734
- Current portion of long-term debt -€2,932
down €2,932 (-25.9%), from €11,314 to €8,382
- Other debts +€2,520
up €2,520 (+14.7%), from €17,172 to €19,692
- Gross operating margin -€11,032
down €11,032, from €3,278 to -€7,754
- Financial charges +€2,803
up €2,803 (+73.4%), from €3,818 to €6,621
- Other operating charges -€2,466
no longer reported in 2025 (was €2,466)
- Depreciation -€520
down €520 (-4.4%), from €11,726 to €11,206
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,377 | €49,927 | -€13,450 | -21.2% |
| Fixed assets | 21/28 | €61,133 | €49,927 | -€11,206 | -18.3% |
| Tangible fixed assets | 22/27 | €61,133 | €49,927 | -€11,206 | -18.3% |
| Land and buildings | 22 | €4,172 | €2,385 | -€1,787 | -42.8% |
| Plant, machinery and equipment | 23 | €1,547 | €643 | -€904 | -58.4% |
| Furniture and vehicles | 24 | €2,614 | €699 | -€1,915 | -73.3% |
| Other tangible fixed assets | 26 | €52,800 | €46,200 | -€6,600 | -12.5% |
| Current assets | 29/58 | €2,244 | - | -€2,244 | |
| Amounts receivable within one year | 40/41 | €1,232 | - | -€1,232 | |
| Other amounts receivable | 41 | €1,232 | - | -€1,232 | |
| Deferred charges and accrued income | 490/1 | €1,012 | - | -€1,012 | |
| Total equity and liabilities | 10/49 | €63,377 | €49,927 | -€13,450 | -21.2% |
| Equity | 10/15 | -€40,656 | -€66,237 | -€25,580 | -62.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €500 | €500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,356 | -€72,937 | -€25,580 | -54.0% |
| Amounts payable | 17/49 | €104,034 | €116,164 | +€12,131 | +11.7% |
| Amounts payable after more than one year | 17 | €66,116 | €57,734 | -€8,382 | -12.7% |
| Financial debts | 170/4 | €66,116 | €57,734 | -€8,382 | -12.7% |
| Amounts payable within one year | 42/48 | €37,917 | €58,430 | +€20,513 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €11,314 | €8,382 | -€2,932 | -25.9% |
| Financial debts | 43 | €5,123 | €3,966 | -€1,157 | -22.6% |
| Credit institutions | 430/8 | €5,123 | €3,966 | -€1,157 | -22.6% |
| Trade debts | 44 | €4,307 | €25,912 | +€21,605 | +502% |
| Suppliers | 440/4 | €4,307 | €25,912 | +€21,605 | +502% |
| Taxes, remuneration and social security | 45 | - | €478 | +€478 | |
| Taxes | 450/3 | - | €478 | +€478 | |
| Other amounts payable | 47/48 | €17,172 | €19,692 | +€2,520 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,726 | €11,206 | -€520 | -4.4% |
| Other operating charges | 640/8 | €2,466 | - | -€2,466 | |
| Non-recurring operating charges | 66A | €460 | - | -€460 | |
| Gross operating margin | 9900 | €3,278 | -€7,754 | -€11,032 | |
| Operating profit (loss) | 9901 | -€11,374 | -€18,959 | -€7,586 | -66.7% |
| Financial charges | 65/66B | €3,818 | €6,621 | +€2,803 | +73.4% |
| Recurring financial charges | 65 | €3,818 | €6,621 | +€2,803 | +73.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,192 | -€25,580 | -€10,389 | -68.4% |
| Profit (loss) for the period | 9904 | -€15,192 | -€25,580 | -€10,389 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,192 | -€25,580 | -€10,389 | -68.4% |
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 14 October 2026 via checked.be.