Zandix: 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.
Zandix
Largest movements
- Cash +€190,636
up €190,636 (+183%), from €104,088 to €294,724
mainly Net result for the year (+€487,861) and Depreciation (+€78,317)
- Receivables within one year +€56,255
up €56,255 (+275%), from €20,437 to €76,692
of which Trade receivables: +€48,500
- Reserves +€387,861
up €387,861 (+23.7%), from €1.6m to €2.0m
of which Distributable reserves: +€387,861
- Debts after one year -€183,050
down €183,050 (-15.9%), from €1.2m to €967,172
- Gross operating margin +€317,069
up €317,069 (+398%), from €79,603 to €396,672
- Financial income +€100,000
up €100,000 (+55.6%), from €179,980 to €279,980
- Taxes +€48,616
up €48,616 (+4,145%), from €1,173 to €49,789
- Depreciation +€20,292
up €20,292 (+35.0%), from €58,025 to €78,317
- Financial charges -€9,660
down €9,660 (-14.9%), from €64,696 to €55,036
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 | €4,920,035 | €5,127,383 | +€207,348 | +4.2% |
| Fixed assets | 21/28 | €4,792,515 | €4,751,194 | -€41,321 | -0.9% |
| Tangible fixed assets | 22/27 | €1,200,420 | €1,159,099 | -€41,321 | -3.4% |
| Land and buildings | 22 | €1,124,293 | €1,094,066 | -€30,227 | -2.7% |
| Furniture and vehicles | 24 | €46,878 | €48,741 | +€1,862 | +4.0% |
| Leasing and similar rights | 25 | €29,249 | €16,293 | -€12,956 | -44.3% |
| Financial fixed assets | 28 | €3,592,094 | €3,592,094 | = | 0.0% |
| Current assets | 29/58 | €127,521 | €376,190 | +€248,669 | +195% |
| Amounts receivable within one year | 40/41 | €20,437 | €76,692 | +€56,255 | +275% |
| Trade receivables | 40 | €19,254 | €67,754 | +€48,500 | +252% |
| Other amounts receivable | 41 | €1,183 | €8,938 | +€7,755 | +655% |
| Cash at bank and in hand | 54/58 | €104,088 | €294,724 | +€190,636 | +183% |
| Deferred charges and accrued income | 490/1 | €2,995 | €4,773 | +€1,778 | +59.3% |
| Total equity and liabilities | 10/49 | €4,920,035 | €5,127,383 | +€207,348 | +4.2% |
| Equity | 10/15 | €3,563,767 | €3,951,627 | +€387,861 | +10.9% |
| Contributions | 10/11 | €1,921,200 | €1,921,200 | = | 0.0% |
| Reserves | 13 | €1,635,929 | €2,023,789 | +€387,861 | +23.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €1,635,929 | €2,023,789 | +€387,861 | +23.7% |
| Profit (loss) carried forward | 14 | €6,638 | €6,638 | = | 0.0% |
| Amounts payable | 17/49 | €1,356,269 | €1,175,756 | -€180,513 | -13.3% |
| Amounts payable after more than one year | 17 | €1,150,222 | €967,172 | -€183,050 | -15.9% |
| Financial debts | 170/4 | €1,150,222 | €967,172 | -€183,050 | -15.9% |
| Amounts payable within one year | 42/48 | €153,915 | €167,867 | +€13,952 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €83,532 | €83,074 | -€459 | -0.5% |
| Trade debts | 44 | €0 | €3,506 | +€3,506 | |
| Suppliers | 440/4 | €0 | €3,506 | +€3,506 | |
| Taxes, remuneration and social security | 45 | €20,357 | €46,262 | +€25,905 | +127% |
| Taxes | 450/3 | €17,607 | €43,512 | +€25,905 | +147% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €50,025 | €35,025 | -€15,000 | -30.0% |
| Accrued charges and deferred income | 492/3 | €52,132 | €40,717 | -€11,414 | -21.9% |
| Non-recurring operating income | 76A | €5,219 | €0 | -€5,219 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,025 | €78,317 | +€20,292 | +35.0% |
| Other operating charges | 640/8 | €4,628 | €5,650 | +€1,022 | +22.1% |
| Gross operating margin | 9900 | €79,603 | €396,672 | +€317,069 | +398% |
| Operating profit (loss) | 9901 | €16,949 | €312,705 | +€295,756 | +1,745% |
| Financial income | 75/76B | €179,980 | €279,980 | +€100,000 | +55.6% |
| Recurring financial income | 75 | €179,980 | €279,980 | +€100,000 | +55.6% |
| Financial charges | 65/66B | €64,696 | €55,036 | -€9,660 | -14.9% |
| Recurring financial charges | 65 | €64,696 | €55,036 | -€9,660 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €132,233 | €537,649 | +€405,416 | +307% |
| Income taxes | 67/77 | €1,173 | €49,789 | +€48,616 | +4,145% |
| Profit (loss) for the period | 9904 | €131,060 | €487,861 | +€356,801 | +272% |
| Profit (loss) for the period to be appropriated | 9905 | €131,060 | €487,861 | +€356,801 | +272% |
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 15 October 2026 via checked.be.