Zannekin I: 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.
Zannekin I
Largest movements
- Tangible fixed assets -€6,142
down €6,142 (-2.8%), from €216,724 to €210,582
- Cash -€3,034
down €3,034 (-96.2%), from €3,155 to €121
mainly Debts after one year (-€10,669) and Net result for the year (-€5,638)
- Debts after one year -€10,669
down €10,669 (-6.5%), from €163,832 to €153,162
- Other debts +€7,789
up €7,789 (+17.9%), from €43,631 to €51,420
- Profit (loss) carried forward -€5,638
down €5,638 (-19.9%), from -€28,269 to -€33,907
- Other operating charges +€433
up €433 (+39.7%), from €1,090 to €1,523
- Gross operating margin +€392
up €392 (+6.9%), from €5,647 to €6,039
- Financial charges -€186
down €186 (-4.4%), from €4,211 to €4,026
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 | €219,954 | €211,952 | -€8,002 | -3.6% |
| Fixed assets | 21/28 | €216,724 | €210,582 | -€6,142 | -2.8% |
| Tangible fixed assets | 22/27 | €216,724 | €210,582 | -€6,142 | -2.8% |
| Land and buildings | 22 | €216,724 | €210,582 | -€6,142 | -2.8% |
| Current assets | 29/58 | €3,230 | €1,370 | -€1,860 | -57.6% |
| Amounts receivable within one year | 40/41 | €75 | €79 | +€4 | +5.2% |
| Other amounts receivable | 41 | €75 | €79 | +€4 | +5.2% |
| Current investments | 50/53 | - | €1,170 | +€1,170 | |
| Cash at bank and in hand | 54/58 | €3,155 | €121 | -€3,034 | -96.2% |
| Total equity and liabilities | 10/49 | €219,954 | €211,952 | -€8,002 | -3.6% |
| Equity | 10/15 | €1,731 | -€3,907 | -€5,638 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,269 | -€33,907 | -€5,638 | -19.9% |
| Amounts payable | 17/49 | €218,223 | €215,859 | -€2,364 | -1.1% |
| Amounts payable after more than one year | 17 | €163,832 | €153,162 | -€10,669 | -6.5% |
| Financial debts | 170/4 | €163,832 | €153,162 | -€10,669 | -6.5% |
| Amounts payable within one year | 42/48 | €54,392 | €62,697 | +€8,305 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €10,435 | €10,669 | +€235 | +2.2% |
| Trade debts | 44 | €326 | €608 | +€282 | +86.6% |
| Suppliers | 440/4 | €326 | €608 | +€282 | +86.6% |
| Other amounts payable | 47/48 | €43,631 | €51,420 | +€7,789 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,142 | €6,142 | = | 0.0% |
| Other operating charges | 640/8 | €1,090 | €1,523 | +€433 | +39.7% |
| Gross operating margin | 9900 | €5,647 | €6,039 | +€392 | +6.9% |
| Operating profit (loss) | 9901 | -€1,585 | -€1,625 | -€40 | -2.5% |
| Financial income | 75/76B | €0 | €13 | +€13 | +3,691% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +3,691% |
| Financial charges | 65/66B | €4,211 | €4,026 | -€186 | -4.4% |
| Recurring financial charges | 65 | €4,211 | €4,026 | -€186 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,796 | -€5,638 | +€158 | +2.7% |
| Profit (loss) for the period | 9904 | -€5,796 | -€5,638 | +€158 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,796 | -€5,638 | +€158 | +2.7% |
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 22 October 2026 via checked.be.