Z&S VASTGOED: 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.
Z&S VASTGOED
Largest movements
- Tangible fixed assets -€8,629
down €8,629 (-1.6%), from €526,681 to €518,052
- Debts after one year -€16,667
down €16,667 (-7.9%), from €211,111 to €194,444
- Other debts +€6,642
up €6,642 (+3.1%), from €217,518 to €224,160
- Profit (loss) carried forward +€6,038
up €6,038 (+23.2%), from -€26,000 to -€19,962
- Financial charges -€4,117
down €4,117 (-32.8%), from €12,538 to €8,421
- Purchases and services -€2,146
down €2,146 (-39.0%), from €5,499 to €3,354
- Gross operating margin +€952
up €952 (+3.0%), from €31,695 to €32,646
- Depreciation +€869
up €869 (+5.3%), from €16,252 to €17,121
- Other operating charges +€415
up €415 (+63.7%), from €651 to €1,066
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 | €534,784 | €525,871 | -€8,913 | -1.7% |
| Fixed assets | 21/28 | €526,681 | €518,052 | -€8,629 | -1.6% |
| Tangible fixed assets | 22/27 | €526,681 | €518,052 | -€8,629 | -1.6% |
| Land and buildings | 22 | €526,681 | €518,052 | -€8,629 | -1.6% |
| Current assets | 29/58 | €8,103 | €7,819 | -€284 | -3.5% |
| Amounts receivable within one year | 40/41 | €4,532 | €4,682 | +€150 | +3.3% |
| Other amounts receivable | 41 | €4,532 | €4,682 | +€150 | +3.3% |
| Cash at bank and in hand | 54/58 | €3,043 | €3,137 | +€94 | +3.1% |
| Deferred charges and accrued income | 490/1 | €527 | - | -€527 | |
| Total equity and liabilities | 10/49 | €534,784 | €525,871 | -€8,913 | -1.7% |
| Equity | 10/15 | €74,000 | €80,038 | +€6,038 | +8.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €100,000 | €100,000 | = | 0.0% |
| Other | 1109/19 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,000 | -€19,962 | +€6,038 | +23.2% |
| Amounts payable | 17/49 | €460,784 | €445,833 | -€14,951 | -3.2% |
| Amounts payable after more than one year | 17 | €211,111 | €194,444 | -€16,667 | -7.9% |
| Financial debts | 170/4 | €211,111 | €194,444 | -€16,667 | -7.9% |
| Amounts payable within one year | 42/48 | €249,673 | €251,389 | +€1,716 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Trade debts | 44 | €15,488 | €10,562 | -€4,926 | -31.8% |
| Suppliers | 440/4 | €15,488 | €10,562 | -€4,926 | -31.8% |
| Other amounts payable | 47/48 | €217,518 | €224,160 | +€6,642 | +3.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,499 | €3,354 | -€2,146 | -39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,252 | €17,121 | +€869 | +5.3% |
| Other operating charges | 640/8 | €651 | €1,066 | +€415 | +63.7% |
| Gross operating margin | 9900 | €31,695 | €32,646 | +€952 | +3.0% |
| Operating profit (loss) | 9901 | €14,791 | €14,459 | -€332 | -2.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €12,538 | €8,421 | -€4,117 | -32.8% |
| Recurring financial charges | 65 | €12,538 | €8,421 | -€4,117 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €2,253 | €6,038 | +€3,785 | +168% |
| Profit (loss) for the period | 9904 | €2,253 | €6,038 | +€3,785 | +168% |
| Profit (loss) for the period to be appropriated | 9905 | €2,253 | €6,038 | +€3,785 | +168% |
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 30 October 2026 via checked.be.