't Zand: 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.
't Zand
Largest movements
- Cash +€13,724
up €13,724 (+47.0%), from €29,176 to €42,901
mainly Net result for the year (+€17,500) and Depreciation (+€619)
- Tangible fixed assets -€619
down €619 (-38.4%), from €1,612 to €993
- Reserves +€17,500
up €17,500 (+85.3%), from €20,510 to €38,010
- Trade debts -€1,983
down €1,983 (-100%), from €1,983 to €0
- Other debts -€1,971
down €1,971 (-36.9%), from €5,342 to €3,371
- Tax, wage and social debts -€643
down €643 (-6.6%), from €9,731 to €9,088
- Gross operating margin -€5,982
down €5,982 (-20.5%), from €29,212 to €23,230
- Taxes -€667
down €667 (-13.0%), from €5,128 to €4,460
- Depreciation +€375
up €375 (+153%), from €244 to €619
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 | €40,067 | €52,969 | +€12,902 | +32.2% |
| Fixed assets | 21/28 | €1,612 | €993 | -€619 | -38.4% |
| Tangible fixed assets | 22/27 | €1,612 | €993 | -€619 | -38.4% |
| Furniture and vehicles | 24 | €1,612 | €993 | -€619 | -38.4% |
| Current assets | 29/58 | €38,455 | €51,976 | +€13,520 | +35.2% |
| Amounts receivable within one year | 40/41 | €9,279 | €9,075 | -€204 | -2.2% |
| Trade receivables | 40 | €9,075 | €9,075 | = | 0.0% |
| Other amounts receivable | 41 | €204 | €0 | -€204 | -100% |
| Cash at bank and in hand | 54/58 | €29,176 | €42,901 | +€13,724 | +47.0% |
| Total equity and liabilities | 10/49 | €40,067 | €52,969 | +€12,902 | +32.2% |
| Equity | 10/15 | €23,010 | €40,510 | +€17,500 | +76.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €20,510 | €38,010 | +€17,500 | +85.3% |
| Distributable reserves | 133 | €20,510 | €38,010 | +€17,500 | +85.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €17,057 | €12,459 | -€4,598 | -27.0% |
| Amounts payable within one year | 42/48 | €17,057 | €12,459 | -€4,598 | -27.0% |
| Trade debts | 44 | €1,983 | €0 | -€1,983 | -100% |
| Suppliers | 440/4 | €1,983 | €0 | -€1,983 | -100% |
| Taxes, remuneration and social security | 45 | €9,731 | €9,088 | -€643 | -6.6% |
| Taxes | 450/3 | €9,731 | €9,088 | -€643 | -6.6% |
| Other amounts payable | 47/48 | €5,342 | €3,371 | -€1,971 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244 | €619 | +€375 | +153% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €29,212 | €23,230 | -€5,982 | -20.5% |
| Operating profit (loss) | 9901 | €28,463 | €22,092 | -€6,371 | -22.4% |
| Financial charges | 65/66B | €45 | €132 | +€87 | +192% |
| Recurring financial charges | 65 | €45 | €132 | +€87 | +192% |
| Profit (loss) for the period before taxes | 9903 | €28,418 | €21,960 | -€6,458 | -22.7% |
| Income taxes | 67/77 | €5,128 | €4,460 | -€667 | -13.0% |
| Profit (loss) for the period | 9904 | €23,290 | €17,500 | -€5,791 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,290 | €17,500 | -€5,791 | -24.9% |
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 29 October 2026 via checked.be.