VAN DE ZANDE: 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.
VAN DE ZANDE
Largest movements
- Receivables within one year +€139,937
up €139,937 (+7.2%), from €1.9m to €2.1m
of which Other amounts receivable: +€163,710
- Cash -€35,912
down €35,912 (-47.3%), from €75,969 to €40,058
mainly Investment in fixed assets (net) (-€207,655) and Receivables within one year (-€139,937)
- Tangible fixed assets +€32,197
up €32,197 (+9.6%), from €334,189 to €366,387
of which Furniture and vehicles: +€23,622
- Trade debts +€205,479
up €205,479 (+25.8%), from €795,804 to €1.0m
- Debts after one year -€65,962
down €65,962 (-23.1%), from €286,147 to €220,186
- Tax, wage and social debts -€52,544
down €52,544 (-45.4%), from €115,711 to €63,167
of which Taxes: -€68,539
- Current portion of long-term debt +€26,656
up €26,656 (+18.9%), from €140,699 to €167,355
- Gross operating margin -€120,671
down €120,671 (-18.9%), from €639,386 to €518,715
- Taxes -€67,615
down €67,615 (-38.8%), from €174,193 to €106,578
- Depreciation +€29,119
up €29,119 (+19.9%), from €146,338 to €175,458
- Staff costs +€21,437
up €21,437 (+12.7%), from €169,325 to €190,762
- Other operating charges -€20,733
down €20,733 (-87.0%), from €23,823 to €3,090
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 | €2,356,599 | €2,492,822 | +€136,223 | +5.8% |
| Fixed assets | 21/28 | €334,189 | €366,387 | +€32,197 | +9.6% |
| Tangible fixed assets | 22/27 | €334,189 | €366,387 | +€32,197 | +9.6% |
| Land and buildings | 22 | €27,095 | €31,388 | +€4,293 | +15.8% |
| Plant, machinery and equipment | 23 | €5,751 | €10,033 | +€4,282 | +74.5% |
| Furniture and vehicles | 24 | €301,343 | €324,965 | +€23,622 | +7.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €2,022,409 | €2,126,435 | +€104,026 | +5.1% |
| Amounts receivable within one year | 40/41 | €1,946,440 | €2,086,377 | +€139,937 | +7.2% |
| Trade receivables | 40 | €730,304 | €706,532 | -€23,773 | -3.3% |
| Other amounts receivable | 41 | €1,216,136 | €1,379,845 | +€163,710 | +13.5% |
| Cash at bank and in hand | 54/58 | €75,969 | €40,058 | -€35,912 | -47.3% |
| Total equity and liabilities | 10/49 | €2,356,599 | €2,492,822 | +€136,223 | +5.8% |
| Equity | 10/15 | €1,018,238 | €1,040,831 | +€22,593 | +2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €999,646 | €1,022,239 | +€22,593 | +2.3% |
| Distributable reserves | 133 | €999,646 | €1,022,239 | +€22,593 | +2.3% |
| Amounts payable | 17/49 | €1,338,361 | €1,451,990 | +€113,629 | +8.5% |
| Amounts payable after more than one year | 17 | €286,147 | €220,186 | -€65,962 | -23.1% |
| Financial debts | 170/4 | €286,147 | €220,186 | -€65,962 | -23.1% |
| Amounts payable within one year | 42/48 | €1,052,213 | €1,231,804 | +€179,591 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €140,699 | €167,355 | +€26,656 | +18.9% |
| Trade debts | 44 | €795,804 | €1,001,282 | +€205,479 | +25.8% |
| Suppliers | 440/4 | €795,804 | €1,001,282 | +€205,479 | +25.8% |
| Taxes, remuneration and social security | 45 | €115,711 | €63,167 | -€52,544 | -45.4% |
| Taxes | 450/3 | €74,193 | €5,654 | -€68,539 | -92.4% |
| Remuneration and social security | 454/9 | €41,518 | €57,513 | +€15,995 | +38.5% |
| Non-recurring operating income | 76A | €24,106 | - | -€24,106 | |
| Remuneration, social security and pensions | 62 | €169,325 | €190,762 | +€21,437 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,338 | €175,458 | +€29,119 | +19.9% |
| Other operating charges | 640/8 | €23,823 | €3,090 | -€20,733 | -87.0% |
| Gross operating margin | 9900 | €639,386 | €518,715 | -€120,671 | -18.9% |
| Operating profit (loss) | 9901 | €299,900 | €149,405 | -€150,495 | -50.2% |
| Financial income | 75/76B | €0 | €1,169 | +€1,169 | +1,298,489% |
| Recurring financial income | 75 | €0 | €1,169 | +€1,169 | +1,298,489% |
| Financial charges | 65/66B | €11,793 | €21,401 | +€9,608 | +81.5% |
| Recurring financial charges | 65 | €11,793 | €21,401 | +€9,608 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €288,107 | €129,172 | -€158,935 | -55.2% |
| Income taxes | 67/77 | €174,193 | €106,578 | -€67,615 | -38.8% |
| Profit (loss) for the period | 9904 | €113,913 | €22,593 | -€91,320 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €113,913 | €22,593 | -€91,320 | -80.2% |
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.