ZUYU: 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.
ZUYU
Largest movements
- Cash +€44,252
up €44,252 (+194%), from €22,762 to €67,014
mainly Net result for the year (+€184,464) and Depreciation (+€91,052)
- Receivables within one year -€35,559
down €35,559 (-90.7%), from €39,189 to €3,630
of which Trade receivables: -€38,801
- Tangible fixed assets -€33,146
down €33,146 (-1.8%), from €1.8m to €1.8m
of which Land and buildings: -€32,069
- Debts after one year -€240,552
down €240,552 (-12.7%), from €1.9m to €1.7m
of which Trade debts: -€145,000
- Profit (loss) carried forward +€184,464
up €184,464, from -€162,121 to €22,343
- Other debts +€27,834
up €27,834 (+122%), from €22,891 to €50,725
- Gross operating margin +€308,608
up €308,608 (+745%), from €41,415 to €350,023
- Financial charges +€10,692
up €10,692 (+17.8%), from €60,054 to €70,746
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
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 | €1,870,273 | €1,845,820 | -€24,453 | -1.3% |
| Fixed assets | 21/28 | €1,808,322 | €1,775,176 | -€33,146 | -1.8% |
| Tangible fixed assets | 22/27 | €1,808,322 | €1,775,176 | -€33,146 | -1.8% |
| Land and buildings | 22 | €1,794,828 | €1,762,759 | -€32,069 | -1.8% |
| Plant, machinery and equipment | 23 | €12,622 | €11,763 | -€859 | -6.8% |
| Furniture and vehicles | 24 | €872 | €654 | -€218 | -25.0% |
| Current assets | 29/58 | €61,951 | €70,644 | +€8,693 | +14.0% |
| Amounts receivable within one year | 40/41 | €39,189 | €3,630 | -€35,559 | -90.7% |
| Trade receivables | 40 | €38,801 | - | -€38,801 | |
| Other amounts receivable | 41 | €388 | €3,630 | +€3,242 | +835% |
| Cash at bank and in hand | 54/58 | €22,762 | €67,014 | +€44,252 | +194% |
| Total equity and liabilities | 10/49 | €1,870,273 | €1,845,820 | -€24,453 | -1.3% |
| Equity | 10/15 | -€132,121 | €52,343 | +€184,464 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€162,121 | €22,343 | +€184,464 | |
| Amounts payable | 17/49 | €2,002,393 | €1,793,477 | -€208,917 | -10.4% |
| Amounts payable after more than one year | 17 | €1,895,563 | €1,655,010 | -€240,552 | -12.7% |
| Financial debts | 170/4 | €1,025,813 | €955,131 | -€70,682 | -6.9% |
| Trade debts | 175 | €844,880 | €699,880 | -€145,000 | -17.2% |
| Advances received on contracts in progress | 176 | €24,870 | - | -€24,870 | |
| Amounts payable within one year | 42/48 | €106,831 | €137,131 | +€30,301 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €65,648 | €70,682 | +€5,034 | +7.7% |
| Trade debts | 44 | €3,605 | €532 | -€3,073 | -85.2% |
| Suppliers | 440/4 | €3,605 | €532 | -€3,073 | -85.2% |
| Taxes, remuneration and social security | 45 | €14,687 | €15,192 | +€505 | +3.4% |
| Taxes | 450/3 | €4,877 | €3,262 | -€1,614 | -33.1% |
| Remuneration and social security | 454/9 | €9,810 | €11,929 | +€2,119 | +21.6% |
| Other amounts payable | 47/48 | €22,891 | €50,725 | +€27,834 | +122% |
| Accrued charges and deferred income | 492/3 | - | €1,335 | +€1,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,126 | €91,052 | +€2,926 | +3.3% |
| Other operating charges | 640/8 | €1,730 | €3,762 | +€2,031 | +117% |
| Gross operating margin | 9900 | €41,415 | €350,023 | +€308,608 | +745% |
| Operating profit (loss) | 9901 | -€48,442 | €255,210 | +€303,652 | |
| Financial charges | 65/66B | €60,054 | €70,746 | +€10,692 | +17.8% |
| Recurring financial charges | 65 | €60,054 | €70,746 | +€10,692 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€108,496 | €184,464 | +€292,960 | |
| Profit (loss) for the period | 9904 | -€108,496 | €184,464 | +€292,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€108,496 | €184,464 | +€292,960 |
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.