ZAHNDENT: 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.
ZAHNDENT
Largest movements
- Cash +€34,136
up €34,136 (+28.1%), from €121,384 to €155,520
mainly Net result for the year (+€57,131) and Depreciation (+€21,913)
- Tangible fixed assets +€11,943
up €11,943 (+19.6%), from €61,082 to €73,025
- Receivables within one year +€3,521
up €3,521 (+32.9%), from €10,704 to €14,225
of which Other amounts receivable: +€2,008
- Reserves +€44,000
up €44,000 (+51.8%), from €85,000 to €129,000
- Profit (loss) carried forward +€13,131
up €13,131 (+30.7%), from €42,707 to €55,838
- Debts after one year -€10,237
down €10,237 (-40.1%), from €25,519 to €15,282
- Gross operating margin +€22,339
up €22,339 (+25.0%), from €89,350 to €111,688
- Taxes +€16,713
up €16,713 (+130%), from €12,872 to €29,585
- Depreciation -€2,037
down €2,037 (-8.5%), from €23,950 to €21,913
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 | €194,585 | €244,722 | +€50,137 | +25.8% |
| Fixed assets | 21/28 | €61,082 | €73,025 | +€11,943 | +19.6% |
| Tangible fixed assets | 22/27 | €61,082 | €73,025 | +€11,943 | +19.6% |
| Furniture and vehicles | 24 | €61,082 | €73,025 | +€11,943 | +19.6% |
| Current assets | 29/58 | €133,503 | €171,697 | +€38,194 | +28.6% |
| Amounts receivable within one year | 40/41 | €10,704 | €14,225 | +€3,521 | +32.9% |
| Trade receivables | 40 | €1,227 | €2,741 | +€1,514 | +123% |
| Other amounts receivable | 41 | €9,477 | €11,485 | +€2,008 | +21.2% |
| Cash at bank and in hand | 54/58 | €121,384 | €155,520 | +€34,136 | +28.1% |
| Deferred charges and accrued income | 490/1 | €1,415 | €1,951 | +€536 | +37.9% |
| Total equity and liabilities | 10/49 | €194,585 | €244,722 | +€50,137 | +25.8% |
| Equity | 10/15 | €137,707 | €194,838 | +€57,131 | +41.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €129,000 | +€44,000 | +51.8% |
| Distributable reserves | 133 | €85,000 | €129,000 | +€44,000 | +51.8% |
| Profit (loss) carried forward | 14 | €42,707 | €55,838 | +€13,131 | +30.7% |
| Amounts payable | 17/49 | €56,878 | €49,884 | -€6,994 | -12.3% |
| Amounts payable after more than one year | 17 | €25,519 | €15,282 | -€10,237 | -40.1% |
| Financial debts | 170/4 | €25,519 | €15,282 | -€10,237 | -40.1% |
| Amounts payable within one year | 42/48 | €31,358 | €34,401 | +€3,043 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €9,803 | €10,237 | +€434 | +4.4% |
| Trade debts | 44 | €3,056 | €3,765 | +€709 | +23.2% |
| Suppliers | 440/4 | €3,056 | €3,765 | +€709 | +23.2% |
| Taxes, remuneration and social security | 45 | €18,500 | €20,400 | +€1,900 | +10.3% |
| Taxes | 450/3 | €18,500 | €20,400 | +€1,900 | +10.3% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,950 | €21,913 | -€2,037 | -8.5% |
| Other operating charges | 640/8 | €1,327 | €1,401 | +€75 | +5.6% |
| Gross operating margin | 9900 | €89,350 | €111,688 | +€22,339 | +25.0% |
| Operating profit (loss) | 9901 | €64,073 | €88,374 | +€24,302 | +37.9% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €2,255 | €1,658 | -€597 | -26.5% |
| Recurring financial charges | 65 | €2,255 | €1,658 | -€597 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €61,845 | €86,716 | +€24,871 | +40.2% |
| Income taxes | 67/77 | €12,872 | €29,585 | +€16,713 | +130% |
| Profit (loss) for the period | 9904 | €48,973 | €57,131 | +€8,158 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,973 | €57,131 | +€8,158 | +16.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.