VASTGOED ZANNEKIN: what changed
What changed
VASTGOED ZANNEKIN
filed annual accounts (NBB)
Net result for the year
€28,151
2024 · €29,924-€1,773
Equity
€589,009
2024 · €584,935+€4,075
Cash
€470,988
2024 · €440,117+€30,871
Balance sheet total
€1.0m
2024 · €1.0m-€8,658
Largest movements
Assets
- Tangible fixed assets -€41,106
down €41,106 (-7.2%), from €573,041 to €531,935
of which Land and buildings: -€40,477
- Cash +€30,871
up €30,871 (+7.0%), from €440,117 to €470,988
mainly Depreciation (+€41,106) and Net result for the year (+€28,151)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€3,727
down €3,727 (-63.7%), from €5,853 to €2,125
- Financial charges -€3,085
down €3,085 (-11.6%), from €26,619 to €23,534
- Gross operating margin -€2,433
down €2,433 (-1.9%), from €125,916 to €123,484
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.
Result 2024
€29,924
Gross operating margin
-€2,433
Depreciation
+€1,160
Other operating charges
-€449
Financial income
-€3,727
Financial charges
+€3,085
Taxes
+€591
Result 2025
€28,151
raises the resultlowers the result
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.
From operations
+€54,947
Investment
€0
Financing
-€24,077
Cash 2024
€440,117
From operations (derived)
+€54,947
Net result for the year
+€28,151
Depreciation
+€41,106
Receivables within one year
+€528
Deferred charges and accrued income
-€2,105
Trade debts
-€2,816
Other debts
-€7,674
Accrued charges and deferred income
-€2,243
Financing
-€24,077
Contributions, distributions and other
-€24,077
Cash 2025
€470,988
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,017,832 | €1,009,174 | -€8,658 | -0.9% |
| Fixed assets | 21/28 | €573,041 | €531,935 | -€41,106 | -7.2% |
| Tangible fixed assets | 22/27 | €573,041 | €531,935 | -€41,106 | -7.2% |
| Land and buildings | 22 | €570,450 | €529,974 | -€40,477 | -7.1% |
| Plant, machinery and equipment | 23 | €2,591 | €1,962 | -€629 | -24.3% |
| Current assets | 29/58 | €444,791 | €477,239 | +€32,448 | +7.3% |
| Amounts receivable within one year | 40/41 | €2,049 | €1,522 | -€528 | -25.7% |
| Trade receivables | 40 | €372 | €372 | = | 0.0% |
| Other amounts receivable | 41 | €1,677 | €1,150 | -€528 | -31.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €440,117 | €470,988 | +€30,871 | +7.0% |
| Deferred charges and accrued income | 490/1 | €2,624 | €4,729 | +€2,105 | +80.2% |
| Total equity and liabilities | 10/49 | €1,017,832 | €1,009,174 | -€8,658 | -0.9% |
| Equity | 10/15 | €584,935 | €589,009 | +€4,075 | +0.7% |
| Contributions | 10/11 | €181,000 | €181,000 | = | 0.0% |
| Capital | 10 | €181,000 | €181,000 | = | 0.0% |
| Issued capital | 100 | €181,000 | €181,000 | = | 0.0% |
| Reserves | 13 | €403,935 | €408,009 | +€4,075 | +1.0% |
| Non-distributable reserves | 130/1 | €18,100 | €18,100 | = | 0.0% |
| Legal reserve | 130 | €18,100 | €18,100 | = | 0.0% |
| Distributable reserves | 133 | €385,835 | €389,909 | +€4,075 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €432,897 | €420,165 | -€12,732 | -2.9% |
| Amounts payable after more than one year | 17 | €330,000 | €330,000 | = | 0.0% |
| Financial debts | 170/4 | €330,000 | €330,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €59,960 | €49,470 | -€10,490 | -17.5% |
| Trade debts | 44 | €20,374 | €17,558 | -€2,816 | -13.8% |
| Suppliers | 440/4 | €20,374 | €17,558 | -€2,816 | -13.8% |
| Other amounts payable | 47/48 | €39,586 | €31,913 | -€7,674 | -19.4% |
| Accrued charges and deferred income | 492/3 | €42,937 | €40,694 | -€2,243 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,265 | €41,106 | -€1,160 | -2.7% |
| Other operating charges | 640/8 | €22,882 | €23,330 | +€449 | +2.0% |
| Gross operating margin | 9900 | €125,916 | €123,484 | -€2,433 | -1.9% |
| Operating profit (loss) | 9901 | €60,769 | €59,048 | -€1,722 | -2.8% |
| Financial income | 75/76B | €5,853 | €2,125 | -€3,727 | -63.7% |
| Recurring financial income | 75 | €5,853 | €2,125 | -€3,727 | -63.7% |
| Financial charges | 65/66B | €26,619 | €23,534 | -€3,085 | -11.6% |
| Recurring financial charges | 65 | €26,619 | €23,534 | -€3,085 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €40,002 | €37,639 | -€2,364 | -5.9% |
| Income taxes | 67/77 | €10,078 | €9,487 | -€591 | -5.9% |
| Profit (loss) for the period | 9904 | €29,924 | €28,151 | -€1,773 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,924 | €28,151 | -€1,773 | -5.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.