ZUYFIN: 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.
ZUYFIN
Largest movements
- Tangible fixed assets -€56,725
down €56,725 (-6.6%), from €865,356 to €808,631
of which Land and buildings: -€33,923
- Receivables within one year -€16,092
down €16,092 (-57.9%), from €27,788 to €11,696
of which Other amounts receivable: -€22,042
- Reserves -€57,632
down €57,632 (-25.4%), from €226,566 to €168,934
of which Distributable reserves: -€50,937
- Debts after one year -€50,293
down €50,293 (-14.8%), from €339,204 to €288,911
- Accrued charges and deferred income +€41,440
up €41,440 (+20.7%), from €200,060 to €241,500
- Profit (loss) carried forward -€33,499
down €33,499 (-98.8%), from €33,893 to €394
- Other debts +€24,097
up €24,097 (+1008.0%), from €2,391 to €26,487
- Gross operating margin -€10,743
down €10,743 (-39.2%), from €27,420 to €16,677
- Financial charges +€6,123
up €6,123 (+105.6%), from €5,800 to €11,923
- Financial income -€2,643
down €2,643 (-99.5%), from €2,657 to €13
- Other operating charges +€1,114
up €1,114 (+17.6%), from €6,314 to €7,428
- Depreciation -€385
down €385 (-0.6%), from €63,856 to €63,471
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 | €934,849 | €855,615 | -€79,234 | -8.5% |
| Fixed assets | 21/28 | €865,356 | €808,631 | -€56,725 | -6.6% |
| Tangible fixed assets | 22/27 | €865,356 | €808,631 | -€56,725 | -6.6% |
| Land and buildings | 22 | €804,639 | €770,716 | -€33,923 | -4.2% |
| Plant, machinery and equipment | 23 | €21,792 | €15,451 | -€6,341 | -29.1% |
| Furniture and vehicles | 24 | €38,925 | €22,465 | -€16,461 | -42.3% |
| Current assets | 29/58 | €69,493 | €46,984 | -€22,510 | -32.4% |
| Amounts receivable within one year | 40/41 | €27,788 | €11,696 | -€16,092 | -57.9% |
| Trade receivables | 40 | €3,352 | €9,302 | +€5,950 | +177.5% |
| Other amounts receivable | 41 | €24,436 | €2,394 | -€22,042 | -90.2% |
| Cash at bank and in hand | 54/58 | €38,592 | €31,480 | -€7,111 | -18.4% |
| Deferred charges and accrued income | 490/1 | €3,114 | €3,808 | +€694 | +22.3% |
| Total equity and liabilities | 10/49 | €934,849 | €855,615 | -€79,234 | -8.5% |
| Equity | 10/15 | €280,908 | €189,777 | -€91,131 | -32.4% |
| Contributions | 10/11 | €20,449 | €20,449 | = | 0.0% |
| Reserves | 13 | €226,566 | €168,934 | -€57,632 | -25.4% |
| Tax-exempt reserves | 132 | €161,494 | €154,800 | -€6,695 | -4.1% |
| Distributable reserves | 133 | €65,072 | €14,135 | -€50,937 | -78.3% |
| Profit (loss) carried forward | 14 | €33,893 | €394 | -€33,499 | -98.8% |
| Provisions and deferred taxes | 16 | €52,761 | €50,530 | -€2,232 | -4.2% |
| Deferred taxes | 168 | €52,761 | €50,530 | -€2,232 | -4.2% |
| Amounts payable | 17/49 | €601,180 | €615,308 | +€14,128 | +2.4% |
| Amounts payable after more than one year | 17 | €339,204 | €288,911 | -€50,293 | -14.8% |
| Financial debts | 170/4 | €339,204 | €288,911 | -€50,293 | -14.8% |
| Amounts payable within one year | 42/48 | €61,917 | €84,897 | +€22,980 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | €50,696 | €50,293 | -€404 | -0.8% |
| Trade debts | 44 | €4,342 | €8,117 | +€3,776 | +87.0% |
| Suppliers | 440/4 | €4,342 | €8,117 | +€3,776 | +87.0% |
| Taxes, remuneration and social security | 45 | €4,488 | - | -€4,488 | |
| Taxes | 450/3 | €4,488 | - | -€4,488 | |
| Other amounts payable | 47/48 | €2,391 | €26,487 | +€24,097 | +1008.0% |
| Accrued charges and deferred income | 492/3 | €200,060 | €241,500 | +€41,440 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,856 | €63,471 | -€385 | -0.6% |
| Other operating charges | 640/8 | €6,314 | €7,428 | +€1,114 | +17.6% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €27,420 | €16,677 | -€10,743 | -39.2% |
| Operating profit (loss) | 9901 | -€42,749 | -€54,371 | -€11,622 | -27.2% |
| Financial income | 75/76B | €2,657 | €13 | -€2,643 | -99.5% |
| Recurring financial income | 75 | €2,657 | €13 | -€2,643 | -99.5% |
| Financial charges | 65/66B | €5,800 | €11,923 | +€6,123 | +105.6% |
| Recurring financial charges | 65 | €5,800 | €11,923 | +€6,123 | +105.6% |
| Profit (loss) for the period before taxes | 9903 | -€45,893 | -€66,281 | -€20,388 | -44.4% |
| Transfer from deferred taxes | 780 | €2,232 | €2,232 | = | 0.0% |
| Income taxes | 67/77 | €906 | €894 | -€12 | -1.3% |
| Profit (loss) for the period | 9904 | -€44,568 | -€64,944 | -€20,376 | -45.7% |
| Transfer from tax-exempt reserves | 789 | €6,695 | €6,695 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,873 | -€58,249 | -€20,376 | -53.8% |
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 10 October 2026 via checked.be.