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ZANDHOF: what changed

What changed

ZANDHOF

BE 0543.415.774
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Financial years compared with
Net result for the year
€14,969
2024 · €57,128-€42,159
Equity
€338,642
2024 · €323,673+€14,969
Cash
€63,105
2024 · €33,311+€29,794
Balance sheet total
€1.5m
2024 · €1.0m+€455,717

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€400,000

    up €400,000 (+40.0%), from €1.0m to €1.4m

  • Cash +€29,794

    up €29,794 (+89.4%), from €33,311 to €63,105

    mainly Debts after one year (+€425,122) and Trade debts (+€15,625)

Equity and liabilities
  • Debts after one year +€425,122

    up €425,122 (+60.3%), from €704,613 to €1.1m

  • Trade debts +€15,625

    up €15,625 (+1,534%), from €1,019 to €16,644

  • Reserves +€14,969

    up €14,969 (+16.0%), from €93,673 to €108,642

    of which Distributable reserves: +€14,969

Income statement
  • Taxes -€14,053

    down €14,053 (-73.8%), from €19,043 to €4,990

  • Financial charges +€4,996

    up €4,996 (+16.4%), from €30,436 to €35,432

  • Gross operating margin -€3,131

    down €3,131 (-2.8%), from €113,318 to €110,187

Change in the result, 2024 to 2025

effect on the result

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 €57,128
Gross operating margin -€3,131
Other operating charges -€85
Other operating items -€48,000
Financial charges -€4,996
Taxes +€14,053
Result 2025 €14,969
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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 +€4,672
Investment -€400,000
Financing +€425,122
Cash 2024 €33,311
Net result for the year +€14,969
Stocks and contracts -€13,120
Receivables within one year -€12,802
Trade debts +€15,625
Investment in fixed assets (net) -€400,000
Debts after one year +€425,122
Cash 2025 €63,105
brings cash intakes cash out
Every line side by side 38 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,033,348 €1,489,064 +€455,717 +44.1%
Formation expenses 20 €0 €0 =
Fixed assets 21/28 €1,000,000 €1,400,000 +€400,000 +40.0%
Tangible fixed assets 22/27 €1,000,000 €1,400,000 +€400,000 +40.0%
Land and buildings 22 €1,000,000 €1,400,000 +€400,000 +40.0%
Current assets 29/58 €33,348 €89,064 +€55,717 +167%
Stocks and contracts in progress 3 - €13,120 +€13,120
Contracts in progress 37 - €13,120 +€13,120
Amounts receivable within one year 40/41 €37 €12,839 +€12,802 +34,789%
Other amounts receivable 41 €37 €12,839 +€12,802 +34,789%
Cash at bank and in hand 54/58 €33,311 €63,105 +€29,794 +89.4%
Total equity and liabilities 10/49 €1,033,348 €1,489,064 +€455,717 +44.1%
Equity 10/15 €323,673 €338,642 +€14,969 +4.6%
Contributions 10/11 €230,000 €230,000 = 0.0%
Capital 10 €230,000 €230,000 = 0.0%
Issued capital 100 €230,000 €230,000 = 0.0%
Reserves 13 €93,673 €108,642 +€14,969 +16.0%
Non-distributable reserves 130/1 €23,000 €23,000 = 0.0%
Legal reserve 130 €23,000 €23,000 = 0.0%
Distributable reserves 133 €70,673 €85,642 +€14,969 +21.2%
Amounts payable 17/49 €709,675 €1,150,422 +€440,748 +62.1%
Amounts payable after more than one year 17 €704,613 €1,129,736 +€425,122 +60.3%
Financial debts 170/4 €704,613 €1,129,736 +€425,122 +60.3%
Amounts payable within one year 42/48 €5,061 €20,686 +€15,625 +309%
Trade debts 44 €1,019 €16,644 +€15,625 +1,534%
Suppliers 440/4 €1,019 €16,644 +€15,625 +1,534%
Taxes, remuneration and social security 45 €4,043 €4,043 = 0.0%
Taxes 450/3 €4,043 €4,043 = 0.0%
Other operating charges 640/8 €6,712 €6,796 +€85 +1.3%
Non-recurring operating charges 66A - €48,000 +€48,000
Gross operating margin 9900 €113,318 €110,187 -€3,131 -2.8%
Operating profit (loss) 9901 €106,606 €55,391 -€51,215 -48.0%
Financial charges 65/66B €30,436 €35,432 +€4,996 +16.4%
Recurring financial charges 65 €30,436 €35,432 +€4,996 +16.4%
Profit (loss) for the period before taxes 9903 €76,170 €19,959 -€56,211 -73.8%
Income taxes 67/77 €19,043 €4,990 -€14,053 -73.8%
Profit (loss) for the period 9904 €57,128 €14,969 -€42,159 -73.8%
Profit (loss) for the period to be appropriated 9905 €57,128 €14,969 -€42,159 -73.8%
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.