ZANDECO CONSTRUCT: 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.
ZANDECO CONSTRUCT
Largest movements
- Receivables within one year -€91,583
down €91,583 (-44.1%), from €207,781 to €116,198
of which Trade receivables: -€94,599
- Cash +€11,767
up €11,767 (+246.7%), from €4,769 to €16,536
mainly Receivables within one year (+€91,583) and Contributions, distributions and other (+€2,000)
- Profit (loss) carried forward -€42,277
down €42,277 (-32.0%), from €131,985 to €89,707
- Tax, wage and social debts -€20,500
down €20,500 (-94.8%), from €21,625 to €1,125
of which Taxes: -€18,500
- Trade debts -€17,039
down €17,039 (-31.6%), from €53,941 to €36,902
- Turnover -€362,799
down €362,799 (-34.4%), from €1.1m to €692,601
- Purchases and services -€261,577
down €261,577 (-25.9%), from €1.0m to €747,431
- Gross operating margin -€103,424
down €103,424, from €59,200 to -€44,224
- Taxes -€27,402
down €27,402, from €25,191 to -€2,211
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 | €212,551 | €132,734 | -€79,817 | -37.6% |
| Current assets | 29/58 | €212,551 | €132,734 | -€79,817 | -37.6% |
| Amounts receivable within one year | 40/41 | €207,781 | €116,198 | -€91,583 | -44.1% |
| Trade receivables | 40 | €94,599 | - | -€94,599 | |
| Other amounts receivable | 41 | €113,182 | €116,198 | +€3,016 | +2.7% |
| Cash at bank and in hand | 54/58 | €4,769 | €16,536 | +€11,767 | +246.7% |
| Total equity and liabilities | 10/49 | €212,551 | €132,734 | -€79,817 | -37.6% |
| Equity | 10/15 | €136,985 | €94,707 | -€42,277 | -30.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,985 | €89,707 | -€42,277 | -32.0% |
| Amounts payable | 17/49 | €75,566 | €38,027 | -€37,539 | -49.7% |
| Amounts payable within one year | 42/48 | €75,566 | €38,027 | -€37,539 | -49.7% |
| Trade debts | 44 | €53,941 | €36,902 | -€17,039 | -31.6% |
| Suppliers | 440/4 | €53,941 | €36,902 | -€17,039 | -31.6% |
| Taxes, remuneration and social security | 45 | €21,625 | €1,125 | -€20,500 | -94.8% |
| Taxes | 450/3 | €19,625 | €1,125 | -€18,500 | -94.3% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Turnover | 70 | €1,055,400 | €692,601 | -€362,799 | -34.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,009,008 | €747,431 | -€261,577 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,740 | - | -€6,740 | |
| Other operating charges | 640/8 | €3,067 | €1,699 | -€1,368 | -44.6% |
| Gross operating margin | 9900 | €59,200 | -€44,224 | -€103,424 | |
| Operating profit (loss) | 9901 | €49,393 | -€45,923 | -€95,316 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €949 | €566 | -€383 | -40.3% |
| Recurring financial charges | 65 | €949 | €566 | -€383 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €48,444 | -€46,489 | -€94,933 | |
| Income taxes | 67/77 | €25,191 | -€2,211 | -€27,402 | |
| Profit (loss) for the period | 9904 | €23,253 | -€44,277 | -€67,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,253 | -€44,277 | -€67,530 |
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 9 October 2026 via checked.be.