ZANDSTUIVER: what changed
ZANDSTUIVER
Largest movements
- Cash -€160,058
down €160,058 (-75.7%), from €211,476 to €51,418
mainly Other debts (-€376,912) and Receivables within one year (-€463)
- Current investments -€152,488
down €152,488 (-76.0%), from €200,583 to €48,095
- Tangible fixed assets -€24,022
down €24,022 (-7.3%), from €328,854 to €304,832
- Other debts -€376,912
down €376,912 (-80.8%), from €466,399 to €89,487
- Profit (loss) carried forward +€16,552
up €16,552 (+4.5%), from -€368,309 to -€351,758
- Debts after one year +€10,794
up €10,794 (+10.5%), from €102,771 to €113,565
- Current portion of long-term debt +€9,717
up €9,717 (+30.7%), from €31,698 to €41,415
- Financial income -€16,932
down €16,932 (-76.2%), from €22,233 to €5,301
- Gross operating margin -€4,342
down €4,342 (-8.5%), from €50,917 to €46,575
- Financial charges -€2,483
down €2,483 (-26.6%), from €9,344 to €6,861
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,951 | €405,847 | -€336,104 | -45.3% |
| Fixed assets | 21/28 | €328,854 | €304,832 | -€24,022 | -7.3% |
| Tangible fixed assets | 22/27 | €328,854 | €304,832 | -€24,022 | -7.3% |
| Land and buildings | 22 | €328,854 | €304,832 | -€24,022 | -7.3% |
| Current assets | 29/58 | €413,097 | €101,015 | -€312,083 | -75.5% |
| Amounts receivable within one year | 40/41 | €1,038 | €1,502 | +€463 | +44.6% |
| Other amounts receivable | 41 | €1,038 | €1,502 | +€463 | +44.6% |
| Current investments | 50/53 | €200,583 | €48,095 | -€152,488 | -76.0% |
| Cash at bank and in hand | 54/58 | €211,476 | €51,418 | -€160,058 | -75.7% |
| Total equity and liabilities | 10/49 | €741,951 | €405,847 | -€336,104 | -45.3% |
| Equity | 10/15 | €140,116 | €156,667 | +€16,552 | +11.8% |
| Contributions | 10/11 | €508,425 | €508,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€368,309 | -€351,758 | +€16,552 | +4.5% |
| Amounts payable | 17/49 | €601,836 | €249,180 | -€352,656 | -58.6% |
| Amounts payable after more than one year | 17 | €102,771 | €113,565 | +€10,794 | +10.5% |
| Financial debts | 170/4 | €102,771 | €113,565 | +€10,794 | +10.5% |
| Amounts payable within one year | 42/48 | €498,097 | €130,902 | -€367,195 | -73.7% |
| Current portion of amounts payable after more than one year | 42 | €31,698 | €41,415 | +€9,717 | +30.7% |
| Other amounts payable | 47/48 | €466,399 | €89,487 | -€376,912 | -80.8% |
| Accrued charges and deferred income | 492/3 | €968 | €4,713 | +€3,745 | +387% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,022 | €24,022 | = | 0.0% |
| Other operating charges | 640/8 | €4,315 | €4,441 | +€126 | +2.9% |
| Gross operating margin | 9900 | €50,917 | €46,575 | -€4,342 | -8.5% |
| Operating profit (loss) | 9901 | €22,580 | €18,112 | -€4,469 | -19.8% |
| Financial income | 75/76B | €22,233 | €5,301 | -€16,932 | -76.2% |
| Recurring financial income | 75 | €22,233 | €5,301 | -€16,932 | -76.2% |
| Financial charges | 65/66B | €9,344 | €6,861 | -€2,483 | -26.6% |
| Recurring financial charges | 65 | €9,344 | €6,861 | -€2,483 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €35,470 | €16,552 | -€18,918 | -53.3% |
| Profit (loss) for the period | 9904 | €35,470 | €16,552 | -€18,918 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,470 | €16,552 | -€18,918 | -53.3% |
Next steps
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.