DE ZANDROOS: 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 ZANDROOS
Largest movements
- Cash -€14,717
down €14,717 (-20.3%), from €72,563 to €57,846
mainly Other debts (-€17,335) and Net result for the year (-€9,309)
- Tangible fixed assets -€13,608
down €13,608 (-3.4%), from €405,267 to €391,659
- Other debts -€17,335
down €17,335 (-31.7%), from €54,660 to €37,325
- Profit (loss) carried forward -€9,309
down €9,309 (-22.4%), from -€41,477 to -€50,786
- Gross operating margin +€3,597
up €3,597 (+176%), from €2,047 to €5,644
- Depreciation -€543
down €543 (-3.8%), from €14,151 to €13,608
- Other operating charges -€385
down €385 (-18.5%), from €2,079 to €1,694
- Financial charges +€140
up €140, from -€89 to €51
- Financial income +€121
up €121 (+43.5%), from €279 to €400
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 | €478,624 | €451,948 | -€26,676 | -5.6% |
| Fixed assets | 21/28 | €405,267 | €391,659 | -€13,608 | -3.4% |
| Tangible fixed assets | 22/27 | €405,267 | €391,659 | -€13,608 | -3.4% |
| Land and buildings | 22 | €405,267 | €391,659 | -€13,608 | -3.4% |
| Current assets | 29/58 | €73,358 | €60,290 | -€13,068 | -17.8% |
| Amounts receivable within one year | 40/41 | €84 | €203 | +€120 | +144% |
| Other amounts receivable | 41 | €84 | €203 | +€120 | +144% |
| Cash at bank and in hand | 54/58 | €72,563 | €57,846 | -€14,717 | -20.3% |
| Deferred charges and accrued income | 490/1 | €711 | €2,240 | +€1,529 | +215% |
| Total equity and liabilities | 10/49 | €478,624 | €451,948 | -€26,676 | -5.6% |
| Equity | 10/15 | €40,787 | €31,478 | -€9,309 | -22.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €62,264 | €62,264 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,914 | €3,914 | = | 0.0% |
| Distributable reserves | 133 | €58,350 | €58,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,477 | -€50,786 | -€9,309 | -22.4% |
| Provisions and deferred taxes | 16 | €382,991 | €382,991 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €382,991 | €382,991 | = | 0.0% |
| Other liabilities and charges | 164/5 | €382,991 | €382,991 | = | 0.0% |
| Amounts payable | 17/49 | €54,847 | €37,480 | -€17,367 | -31.7% |
| Amounts payable within one year | 42/48 | €54,847 | €37,480 | -€17,367 | -31.7% |
| Trade debts | 44 | €187 | €155 | -€32 | -17.1% |
| Suppliers | 440/4 | €187 | €155 | -€32 | -17.1% |
| Other amounts payable | 47/48 | €54,660 | €37,325 | -€17,335 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,151 | €13,608 | -€543 | -3.8% |
| Other operating charges | 640/8 | €2,079 | €1,694 | -€385 | -18.5% |
| Gross operating margin | 9900 | €2,047 | €5,644 | +€3,597 | +176% |
| Operating profit (loss) | 9901 | -€14,183 | -€9,657 | +€4,526 | +31.9% |
| Financial income | 75/76B | €279 | €400 | +€121 | +43.5% |
| Recurring financial income | 75 | €279 | €400 | +€121 | +43.5% |
| Financial charges | 65/66B | -€89 | €51 | +€140 | |
| Recurring financial charges | 65 | -€89 | €51 | +€140 | |
| Profit (loss) for the period before taxes | 9903 | -€13,815 | -€9,309 | +€4,507 | +32.6% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€13,815 | -€9,309 | +€4,507 | +32.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,815 | -€9,309 | +€4,507 | +32.6% |
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 18 October 2026 via checked.be.