ZANDPAREL: what changed
What changed
ZANDPAREL
filed annual accounts (NBB)
Net result for the year
-€17,059
2024 · €14,990-€32,049
Equity
-€33,990
2024 · -€16,932-€17,059
Cash
€1,295
2024 · €3,188-€1,892
Balance sheet total
€602,481
2024 · €629,793-€27,312
Largest movements
Assets
- Tangible fixed assets -€29,924
down €29,924 (-4.8%), from €626,605 to €596,681
of which Land and buildings: -€29,774
Equity and liabilities
- Profit (loss) carried forward -€17,059
down €17,059 (-48.0%), from -€35,532 to -€52,590
- Current portion of long-term debt -€11,753
down €11,753 (-33.1%), from €35,488 to €23,735
Income statement
- Gross operating margin -€29,795
down €29,795 (-49.6%), from €60,079 to €30,284
- Financial charges +€1,973
up €1,973 (+26.0%), from €7,595 to €9,568
Change in the result, 2024 to 2025
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
€14,990
Gross operating margin
-€29,795
Depreciation
+€247
Other operating charges
-€532
Financial income
+€5
Financial charges
-€1,973
Taxes
-€1
Result 2025
-€17,059
raises the resultlowers the result
Derived cash bridge
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
+€9,860
Investment
€0
Financing
-€11,753
Cash 2024
€3,188
From operations (derived)
+€9,860
Net result for the year
-€17,059
Depreciation
+€29,924
Receivables within one year
-€4,505
Other debts
+€1,500
Financing
-€11,753
Current portion of long-term debt
-€11,753
Cash 2025
€1,295
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €629,793 | €602,481 | -€27,312 | -4.3% |
| Fixed assets | 21/28 | €626,605 | €596,681 | -€29,924 | -4.8% |
| Tangible fixed assets | 22/27 | €626,605 | €596,681 | -€29,924 | -4.8% |
| Land and buildings | 22 | €626,456 | €596,681 | -€29,774 | -4.8% |
| Furniture and vehicles | 24 | €149 | - | -€149 | |
| Current assets | 29/58 | €3,188 | €5,800 | +€2,612 | +81.9% |
| Amounts receivable within one year | 40/41 | - | €4,505 | +€4,505 | |
| Other amounts receivable | 41 | - | €4,505 | +€4,505 | |
| Cash at bank and in hand | 54/58 | €3,188 | €1,295 | -€1,892 | -59.4% |
| Total equity and liabilities | 10/49 | €629,793 | €602,481 | -€27,312 | -4.3% |
| Equity | 10/15 | -€16,932 | -€33,990 | -€17,059 | -101% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,532 | -€52,590 | -€17,059 | -48.0% |
| Amounts payable | 17/49 | €646,725 | €636,472 | -€10,253 | -1.6% |
| Amounts payable after more than one year | 17 | €342,991 | €342,991 | = | 0.0% |
| Financial debts | 170/4 | €342,991 | €342,991 | = | 0.0% |
| Amounts payable within one year | 42/48 | €303,734 | €293,481 | -€10,253 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €35,488 | €23,735 | -€11,753 | -33.1% |
| Other amounts payable | 47/48 | €268,246 | €269,746 | +€1,500 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,171 | €29,924 | -€247 | -0.8% |
| Other operating charges | 640/8 | €7,325 | €7,857 | +€532 | +7.3% |
| Gross operating margin | 9900 | €60,079 | €30,284 | -€29,795 | -49.6% |
| Operating profit (loss) | 9901 | €22,583 | -€7,496 | -€30,079 | |
| Financial income | 75/76B | €3 | €8 | +€5 | +177% |
| Recurring financial income | 75 | €3 | €8 | +€5 | +177% |
| Financial charges | 65/66B | €7,595 | €9,568 | +€1,973 | +26.0% |
| Recurring financial charges | 65 | €7,595 | €9,568 | +€1,973 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €14,991 | -€17,056 | -€32,047 | |
| Income taxes | 67/77 | €1 | €2 | +€1 | +178% |
| Profit (loss) for the period | 9904 | €14,990 | -€17,059 | -€32,049 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,990 | -€17,059 | -€32,049 |
Next steps
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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.