ZANDASSUR: 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.
ZANDASSUR
Largest movements
- Tangible fixed assets +€144,976
up €144,976 (+15.9%), from €912,947 to €1.1m
of which Land and buildings: +€145,078
- Other debts +€190,602
up €190,602 (+39.7%), from €480,028 to €670,630
- Profit (loss) carried forward -€22,491
down €22,491 (-43.6%), from -€51,574 to -€74,065
- Reserves -€13,888
down €13,888 (-3.8%), from €369,616 to €355,728
of which Tax-exempt reserves: -€13,888
- Gross operating margin +€22,010
up €22,010, from -€10,024 to €11,987
- Depreciation +€17,542
up €17,542 (+61.5%), from €28,530 to €46,072
- Other operating charges +€6,306
up €6,306 (+1066.8%), from €591 to €6,897
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.
Cash bridge derived
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 | €1,066,252 | €1,211,051 | +€144,798 | +13.6% |
| Fixed assets | 21/28 | €1,062,997 | €1,207,974 | +€144,976 | +13.6% |
| Tangible fixed assets | 22/27 | €912,947 | €1,057,924 | +€144,976 | +15.9% |
| Land and buildings | 22 | €912,846 | €1,057,924 | +€145,078 | +15.9% |
| Plant, machinery and equipment | 23 | €101 | €0 | -€101 | -100.0% |
| Financial fixed assets | 28 | €150,050 | €150,050 | = | 0.0% |
| Current assets | 29/58 | €3,255 | €3,077 | -€178 | -5.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,191 | €3,068 | +€877 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,065 | €9 | -€1,055 | -99.1% |
| Total equity and liabilities | 10/49 | €1,066,252 | €1,211,051 | +€144,798 | +13.6% |
| Equity | 10/15 | €458,134 | €421,755 | -€36,378 | -7.9% |
| Contributions | 10/11 | €140,092 | €140,092 | = | 0.0% |
| Reserves | 13 | €369,616 | €355,728 | -€13,888 | -3.8% |
| Tax-exempt reserves | 132 | €364,958 | €351,070 | -€13,888 | -3.8% |
| Distributable reserves | 133 | €4,658 | €4,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,574 | -€74,065 | -€22,491 | -43.6% |
| Provisions and deferred taxes | 16 | €121,653 | €117,023 | -€4,629 | -3.8% |
| Deferred taxes | 168 | €121,653 | €117,023 | -€4,629 | -3.8% |
| Amounts payable | 17/49 | €486,466 | €672,272 | +€185,806 | +38.2% |
| Amounts payable within one year | 42/48 | €480,466 | €671,607 | +€191,140 | +39.8% |
| Trade debts | 44 | €438 | €977 | +€539 | +123.0% |
| Suppliers | 440/4 | €438 | €977 | +€539 | +123.0% |
| Other amounts payable | 47/48 | €480,028 | €670,630 | +€190,602 | +39.7% |
| Accrued charges and deferred income | 492/3 | €6,000 | €666 | -€5,335 | -88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,530 | €46,072 | +€17,542 | +61.5% |
| Other operating charges | 640/8 | €591 | €6,897 | +€6,306 | +1066.8% |
| Gross operating margin | 9900 | -€10,024 | €11,987 | +€22,010 | |
| Operating profit (loss) | 9901 | -€39,145 | -€40,983 | -€1,838 | -4.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €73 | €60 | -€13 | -17.9% |
| Recurring financial charges | 65 | €73 | €60 | -€13 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€39,216 | -€41,043 | -€1,826 | -4.7% |
| Transfer from deferred taxes | 780 | €4,416 | €4,629 | +€213 | +4.8% |
| Income taxes | 67/77 | €0 | -€35 | -€36 | |
| Profit (loss) for the period | 9904 | -€34,801 | -€36,378 | -€1,578 | -4.5% |
| Transfer from tax-exempt reserves | 789 | €13,248 | €13,888 | +€639 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,553 | -€22,491 | -€938 | -4.4% |
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 10 October 2026 via checked.be.