ZONDER TITEL: 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.
ZONDER TITEL
Largest movements
- Cash +€110,377
up €110,377 (+2,180%), from €5,063 to €115,439
mainly Net result for the year (+€80,415) and Receivables within one year (+€29,780)
- Receivables within one year -€29,780
down €29,780 (-56.8%), from €52,403 to €22,623
of which Other amounts receivable: -€29,780
- Tangible fixed assets -€10,705
down €10,705 (-3.5%), from €302,768 to €292,063
of which Land and buildings: -€7,967
- Profit (loss) carried forward +€64,315
up €64,315, from -€64,315 to €0
- Reserves +€16,100
up €16,100 (+4.0%), from €406,328 to €422,429
of which Distributable reserves: +€16,100
- Debts after one year -€14,904
down €14,904 (-18.4%), from €80,998 to €66,094
- Tax, wage and social debts +€13,807
up €13,807 (+1,680%), from €822 to €14,629
- Other debts -€9,993
down €9,993 (-9.2%), from €109,171 to €99,179
- Gross operating margin +€154,796
up €154,796, from -€46,228 to €108,568
- Taxes +€12,160
up €12,160 (+6,355%), from €191 to €12,352
- Depreciation -€2,666
down €2,666 (-19.9%), from €13,372 to €10,705
- Other operating charges +€1,116
up €1,116 (+70.6%), from €1,580 to €2,697
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 | €561,699 | €631,614 | +€69,915 | +12.4% |
| Fixed assets | 21/28 | €302,768 | €292,063 | -€10,705 | -3.5% |
| Tangible fixed assets | 22/27 | €302,768 | €292,063 | -€10,705 | -3.5% |
| Land and buildings | 22 | €179,233 | €171,266 | -€7,967 | -4.4% |
| Plant, machinery and equipment | 23 | €2,328 | €1,079 | -€1,249 | -53.6% |
| Furniture and vehicles | 24 | €2,532 | €1,042 | -€1,489 | -58.8% |
| Other tangible fixed assets | 26 | €118,675 | €118,675 | = | 0.0% |
| Current assets | 29/58 | €258,931 | €339,551 | +€80,620 | +31.1% |
| Amounts receivable after more than one year | 29 | €201,285 | €201,285 | = | 0.0% |
| Other amounts receivable | 291 | €201,285 | €201,285 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,403 | €22,623 | -€29,780 | -56.8% |
| Trade receivables | 40 | €20,717 | €20,717 | = | 0.0% |
| Other amounts receivable | 41 | €31,686 | €1,906 | -€29,780 | -94.0% |
| Cash at bank and in hand | 54/58 | €5,063 | €115,439 | +€110,377 | +2,180% |
| Deferred charges and accrued income | 490/1 | €180 | €204 | +€24 | +13.0% |
| Total equity and liabilities | 10/49 | €561,699 | €631,614 | +€69,915 | +12.4% |
| Equity | 10/15 | €348,213 | €428,629 | +€80,415 | +23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €406,328 | €422,429 | +€16,100 | +4.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €404,468 | €420,569 | +€16,100 | +4.0% |
| Profit (loss) carried forward | 14 | -€64,315 | €0 | +€64,315 | |
| Amounts payable | 17/49 | €213,485 | €202,985 | -€10,500 | -4.9% |
| Amounts payable after more than one year | 17 | €80,998 | €66,094 | -€14,904 | -18.4% |
| Financial debts | 170/4 | €80,998 | €66,094 | -€14,904 | -18.4% |
| Amounts payable within one year | 42/48 | €131,097 | €135,500 | +€4,404 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €14,551 | €14,904 | +€353 | +2.4% |
| Financial debts | 43 | €112 | €752 | +€640 | +574% |
| Credit institutions | 430/8 | €112 | €752 | +€640 | +574% |
| Trade debts | 44 | €6,441 | €6,037 | -€404 | -6.3% |
| Suppliers | 440/4 | €6,441 | €6,037 | -€404 | -6.3% |
| Taxes, remuneration and social security | 45 | €822 | €14,629 | +€13,807 | +1,680% |
| Taxes | 450/3 | €822 | €14,629 | +€13,807 | +1,680% |
| Other amounts payable | 47/48 | €109,171 | €99,179 | -€9,993 | -9.2% |
| Accrued charges and deferred income | 492/3 | €1,390 | €1,390 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,372 | €10,705 | -€2,666 | -19.9% |
| Other operating charges | 640/8 | €1,580 | €2,697 | +€1,116 | +70.6% |
| Gross operating margin | 9900 | -€46,228 | €108,568 | +€154,796 | |
| Operating profit (loss) | 9901 | -€61,180 | €95,166 | +€156,346 | |
| Financial income | 75/76B | €9 | €0 | -€9 | -96.8% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -96.8% |
| Financial charges | 65/66B | €2,953 | €2,399 | -€553 | -18.7% |
| Recurring financial charges | 65 | €2,953 | €2,399 | -€553 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€64,124 | €92,767 | +€156,891 | |
| Income taxes | 67/77 | €191 | €12,352 | +€12,160 | +6,355% |
| Profit (loss) for the period | 9904 | -€64,315 | €80,415 | +€144,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€64,315 | €80,415 | +€144,730 |
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 28 October 2026 via checked.be.