((x / y) * y) = x is not a true statement about real numbers, regardless of if division by zero is defined as an error or as being equal to 0. The true statement is ( y != 0 -> ((x / y) * y) = x ), and this holds no matter how you define division by zero.

More generally, in normal math, every theorem that involves division by some value Y which could be zero must have as hypothesis that Y is not equal to zero. All these theorems still work in systems like Lean where division by zero is defined to be zero, so nothing is lost.