Zuske: 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.
Zuske
Largest movements
- Receivables within one year +€58,702
up €58,702 (+349.0%), from €16,821 to €75,523
of which Trade receivables: +€75,000
- Tangible fixed assets -€15,191
down €15,191 (-5.4%), from €281,842 to €266,651
of which Land and buildings: -€9,890
- Other debts +€65,002
up €65,002 (+180.7%), from €35,972 to €100,974
- Debts after one year -€32,450
down €32,450 (-10.7%), from €302,470 to €270,019
- Tax, wage and social debts +€8,630
up €8,630 (+131.2%), from €6,579 to €15,209
- Gross operating margin +€86,803
up €86,803 (+756.2%), from €11,479 to €98,282
- Depreciation -€6,706
down €6,706 (-40.4%), from €16,596 to €9,890
- Taxes +€6,133
new in 2025: €6,133
- Financial charges +€3,873
up €3,873 (+50.5%), from €7,670 to €11,542
of which Financial charges: +€3,785
- Other operating charges -€2,556
down €2,556 (-60.1%), from €4,256 to €1,700
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 | €420,027 | €460,236 | +€40,209 | +9.6% |
| Fixed assets | 21/28 | €371,842 | €356,651 | -€15,191 | -4.1% |
| Tangible fixed assets | 22/27 | €281,842 | €266,651 | -€15,191 | -5.4% |
| Land and buildings | 22 | €276,541 | €266,651 | -€9,890 | -3.6% |
| Plant, machinery and equipment | 23 | €5,078 | - | -€5,078 | |
| Furniture and vehicles | 24 | €224 | - | -€224 | |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €48,185 | €103,585 | +€55,400 | +115.0% |
| Stocks and contracts in progress | 3 | €3,750 | - | -€3,750 | |
| Stocks | 30/36 | €3,750 | - | -€3,750 | |
| Amounts receivable within one year | 40/41 | €16,821 | €75,523 | +€58,702 | +349.0% |
| Trade receivables | 40 | - | €75,000 | +€75,000 | |
| Other amounts receivable | 41 | €16,821 | €523 | -€16,298 | -96.9% |
| Cash at bank and in hand | 54/58 | €27,614 | €28,062 | +€448 | +1.6% |
| Total equity and liabilities | 10/49 | €420,027 | €460,236 | +€40,209 | +9.6% |
| Equity | 10/15 | €10,073 | €10,493 | +€420 | +4.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €73 | €493 | +€420 | +572.1% |
| Distributable reserves | 133 | €73 | €493 | +€420 | +572.1% |
| Amounts payable | 17/49 | €409,954 | €449,743 | +€39,789 | +9.7% |
| Amounts payable after more than one year | 17 | €302,470 | €270,019 | -€32,450 | -10.7% |
| Financial debts | 170/4 | €302,470 | €270,019 | -€32,450 | -10.7% |
| Amounts payable within one year | 42/48 | €107,484 | €179,724 | +€72,239 | +67.2% |
| Current portion of amounts payable after more than one year | 42 | €36,306 | €32,450 | -€3,856 | -10.6% |
| Trade debts | 44 | €28,628 | €31,090 | +€2,462 | +8.6% |
| Suppliers | 440/4 | €28,628 | €31,090 | +€2,462 | +8.6% |
| Taxes, remuneration and social security | 45 | €6,579 | €15,209 | +€8,630 | +131.2% |
| Taxes | 450/3 | €6,579 | €15,209 | +€8,630 | +131.2% |
| Other amounts payable | 47/48 | €35,972 | €100,974 | +€65,002 | +180.7% |
| Non-recurring operating income | 76A | - | €69,699 | +€69,699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,596 | €9,890 | -€6,706 | -40.4% |
| Other operating charges | 640/8 | €4,256 | €1,700 | -€2,556 | -60.1% |
| Gross operating margin | 9900 | €11,479 | €98,282 | +€86,803 | +756.2% |
| Operating profit (loss) | 9901 | -€9,373 | €86,693 | +€96,065 | |
| Financial income | 75/76B | €8 | €3 | -€5 | -60.4% |
| Recurring financial income | 75 | €8 | €3 | -€5 | -60.4% |
| Financial charges | 65/66B | €7,670 | €11,542 | +€3,873 | +50.5% |
| Recurring financial charges | 65 | €7,670 | €11,454 | +€3,785 | +49.3% |
| Non-recurring financial charges | 66B | - | €88 | +€88 | |
| Profit (loss) for the period before taxes | 9903 | -€17,035 | €75,153 | +€92,188 | |
| Income taxes | 67/77 | - | €6,133 | +€6,133 | |
| Profit (loss) for the period | 9904 | -€17,035 | €69,020 | +€86,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,035 | €69,020 | +€86,055 |
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 12 October 2026 via checked.be.