van 't Zant: what changed
van 't Zant
Largest movements
- Tangible fixed assets +€230,625
up €230,625 (+55.6%), from €414,938 to €645,562
of which Leasing and similar rights: +€234,145
- Receivables within one year +€88,294
up €88,294 (+38.1%), from €231,751 to €320,046
of which Trade receivables: +€88,747
- Intangible fixed assets +€33,750
new in 2025: €33,750
- Cash +€17,053
up €17,053 (+36.8%), from €46,361 to €63,414
mainly Debts after one year (+€192,410) and Net result for the year (+€136,451)
- Debts after one year +€192,410
up €192,410 (+66.9%), from €287,428 to €479,839
- Reserves +€122,005
up €122,005 (+88.9%), from €137,174 to €259,179
of which Distributable reserves: +€122,005
- Short-term financial debts -€80,000
no longer reported in 2025 (was €80,000)
- Current portion of long-term debt +€50,804
up €50,804 (+151%), from €33,656 to €84,460
- Trade debts +€38,733
up €38,733 (+25.5%), from €152,183 to €190,916
- Gross operating margin +€182,202
up €182,202 (+353%), from €51,650 to €233,852
- Taxes +€28,811
new in 2025: €28,811
- Depreciation +€6,298
up €6,298 (+16.8%), from €37,457 to €43,755
- Financial charges -€4,602
down €4,602 (-17.9%), from €25,758 to €21,156
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €698,835 | €1,067,178 | +€368,343 | +52.7% |
| Fixed assets | 21/28 | €415,073 | €679,447 | +€264,375 | +63.7% |
| Intangible fixed assets | 21 | - | €33,750 | +€33,750 | |
| Tangible fixed assets | 22/27 | €414,938 | €645,562 | +€230,625 | +55.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,435 | €0 | -€3,435 | -100% |
| Leasing and similar rights | 25 | €410,292 | €644,437 | +€234,145 | +57.1% |
| Other tangible fixed assets | 26 | €1,210 | €1,125 | -€85 | -7.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €283,763 | €387,731 | +€103,968 | +36.6% |
| Stocks and contracts in progress | 3 | €5,650 | €4,271 | -€1,379 | -24.4% |
| Stocks | 30/36 | €5,650 | €4,271 | -€1,379 | -24.4% |
| Amounts receivable within one year | 40/41 | €231,751 | €320,046 | +€88,294 | +38.1% |
| Trade receivables | 40 | €231,298 | €320,046 | +€88,747 | +38.4% |
| Other amounts receivable | 41 | €453 | - | -€453 | |
| Cash at bank and in hand | 54/58 | €46,361 | €63,414 | +€17,053 | +36.8% |
| Total equity and liabilities | 10/49 | €698,835 | €1,067,178 | +€368,343 | +52.7% |
| Equity | 10/15 | €141,328 | €277,779 | +€136,451 | +96.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,174 | €259,179 | +€122,005 | +88.9% |
| Tax-exempt reserves | 132 | €18,996 | €18,996 | = | 0.0% |
| Distributable reserves | 133 | €118,178 | €240,183 | +€122,005 | +103% |
| Profit (loss) carried forward | 14 | -€14,446 | - | +€14,446 | |
| Amounts payable | 17/49 | €557,508 | €789,399 | +€231,892 | +41.6% |
| Amounts payable after more than one year | 17 | €287,428 | €479,839 | +€192,410 | +66.9% |
| Financial debts | 170/4 | €287,428 | €479,839 | +€192,410 | +66.9% |
| Amounts payable within one year | 42/48 | €270,079 | €309,561 | +€39,481 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €33,656 | €84,460 | +€50,804 | +151% |
| Financial debts | 43 | €80,000 | - | -€80,000 | |
| Credit institutions | 430/8 | €80,000 | - | -€80,000 | |
| Trade debts | 44 | €152,183 | €190,916 | +€38,733 | +25.5% |
| Suppliers | 440/4 | €152,183 | €190,916 | +€38,733 | +25.5% |
| Taxes, remuneration and social security | 45 | €4,240 | €32,095 | +€27,856 | +657% |
| Taxes | 450/3 | €747 | €30,903 | +€30,156 | +4,035% |
| Remuneration and social security | 454/9 | €3,492 | €1,192 | -€2,300 | -65.9% |
| Other amounts payable | 47/48 | - | €2,089 | +€2,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,457 | €43,755 | +€6,298 | +16.8% |
| Other operating charges | 640/8 | €2,903 | €3,698 | +€794 | +27.4% |
| Gross operating margin | 9900 | €51,650 | €233,852 | +€182,202 | +353% |
| Operating profit (loss) | 9901 | €11,289 | €186,399 | +€175,110 | +1,551% |
| Financial income | 75/76B | €22 | €19 | -€3 | -13.1% |
| Recurring financial income | 75 | €22 | €19 | -€3 | -13.1% |
| Financial charges | 65/66B | €25,758 | €21,156 | -€4,602 | -17.9% |
| Recurring financial charges | 65 | €25,758 | €21,156 | -€4,602 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,446 | €165,262 | +€179,708 | |
| Income taxes | 67/77 | - | €28,811 | +€28,811 | |
| Profit (loss) for the period | 9904 | -€14,446 | €136,451 | +€150,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,446 | €136,451 | +€150,897 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.