De Zak Van Sinterklaas: 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.
De Zak Van Sinterklaas
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year -€9,833
down €9,833 (-5.3%), from €184,001 to €174,168
- Reserves +€161,769
up €161,769 (+294%), from €55,108 to €216,877
- Tax, wage and social debts +€28,852
up €28,852 (+91.1%), from €31,658 to €60,510
- Gross operating margin +€119,483
up €119,483 (+147%), from €81,480 to €200,964
- Taxes +€26,945
up €26,945 (+129%), from €20,837 to €47,782
- Financial income +€7,166
up €7,166 (+292%), from €2,452 to €9,618
- Other operating charges -€6,978
down €6,978 (-87.6%), from €7,963 to €985
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 | €194,693 | €385,548 | +€190,854 | +98.0% |
| Current assets | 29/58 | €194,693 | €385,548 | +€190,854 | +98.0% |
| Amounts receivable within one year | 40/41 | €184,001 | €174,168 | -€9,833 | -5.3% |
| Other amounts receivable | 41 | €184,001 | €174,168 | -€9,833 | -5.3% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €10,293 | €11,380 | +€1,087 | +10.6% |
| Deferred charges and accrued income | 490/1 | €400 | €0 | -€400 | -100% |
| Total equity and liabilities | 10/49 | €194,693 | €385,548 | +€190,854 | +98.0% |
| Equity | 10/15 | €58,108 | €219,877 | +€161,769 | +278% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €55,108 | €216,877 | +€161,769 | +294% |
| Distributable reserves | 133 | €55,108 | €216,877 | +€161,769 | +294% |
| Amounts payable | 17/49 | €136,585 | €165,670 | +€29,085 | +21.3% |
| Amounts payable within one year | 42/48 | €134,008 | €165,670 | +€31,662 | +23.6% |
| Trade debts | 44 | €273 | €329 | +€56 | +20.4% |
| Suppliers | 440/4 | €273 | €329 | +€56 | +20.4% |
| Taxes, remuneration and social security | 45 | €31,658 | €60,510 | +€28,852 | +91.1% |
| Taxes | 450/3 | €31,658 | €60,510 | +€28,852 | +91.1% |
| Other amounts payable | 47/48 | €102,078 | €104,832 | +€2,754 | +2.7% |
| Accrued charges and deferred income | 492/3 | €2,577 | €0 | -€2,577 | -100% |
| Other operating charges | 640/8 | €7,963 | €985 | -€6,978 | -87.6% |
| Gross operating margin | 9900 | €81,480 | €200,964 | +€119,483 | +147% |
| Operating profit (loss) | 9901 | €73,517 | €199,979 | +€126,462 | +172% |
| Financial income | 75/76B | €2,452 | €9,618 | +€7,166 | +292% |
| Recurring financial income | 75 | €2,452 | €9,618 | +€7,166 | +292% |
| Financial charges | 65/66B | €24 | €45 | +€21 | +90.5% |
| Recurring financial charges | 65 | €24 | €45 | +€21 | +90.5% |
| Profit (loss) for the period before taxes | 9903 | €75,945 | €209,552 | +€133,606 | +176% |
| Income taxes | 67/77 | €20,837 | €47,782 | +€26,945 | +129% |
| Profit (loss) for the period | 9904 | €55,108 | €161,769 | +€106,661 | +194% |
| Profit (loss) for the period to be appropriated | 9905 | €55,108 | €161,769 | +€106,661 | +194% |
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 28 October 2026 via checked.be.