FLYING ZEBRA: 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.
FLYING ZEBRA
Largest movements
- Receivables within one year +€8,191
up €8,191 (+9.0%), from €91,263 to €99,455
of which Other amounts receivable: +€5,731
- Cash -€5,140
down €5,140 (-51.6%), from €9,958 to €4,818
mainly Receivables within one year (-€8,191) and Trade debts (-€5,098)
- Reserves +€11,000
up €11,000 (+39.5%), from €27,860 to €38,860
of which Distributable reserves: +€11,000
- Trade debts -€5,098
down €5,098 (-67.5%), from €7,554 to €2,456
- Advances received -€2,323
no longer reported in 2024 (was €2,323)
- Tax, wage and social debts -€1,785
down €1,785 (-14.3%), from €12,486 to €10,701
- Profit (loss) carried forward +€1,258
up €1,258 (+3.3%), from €38,598 to €39,856
- Gross operating margin +€4,783
up €4,783 (+44.8%), from €10,676 to €15,459
- Taxes +€1,490
up €1,490 (+42.6%), from €3,502 to €4,992
- Financial income -€732
down €732 (-20.2%), from €3,627 to €2,895
- Other operating charges -€419
down €419 (-27.5%), from €1,523 to €1,104
- Depreciation -€359
down €359 (-100%), from €359 to €0
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,221 | €104,273 | +€3,051 | +3.0% |
| Current assets | 29/58 | €101,221 | €104,273 | +€3,051 | +3.0% |
| Amounts receivable within one year | 40/41 | €91,263 | €99,455 | +€8,191 | +9.0% |
| Trade receivables | 40 | €1,920 | €4,380 | +€2,460 | +128% |
| Other amounts receivable | 41 | €89,343 | €95,075 | +€5,731 | +6.4% |
| Cash at bank and in hand | 54/58 | €9,958 | €4,818 | -€5,140 | -51.6% |
| Total equity and liabilities | 10/49 | €101,221 | €104,273 | +€3,051 | +3.0% |
| Equity | 10/15 | €78,858 | €91,116 | +€12,258 | +15.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,860 | €38,860 | +€11,000 | +39.5% |
| 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 | €26,000 | €37,000 | +€11,000 | +42.3% |
| Profit (loss) carried forward | 14 | €38,598 | €39,856 | +€1,258 | +3.3% |
| Amounts payable | 17/49 | €22,364 | €13,157 | -€9,207 | -41.2% |
| Amounts payable within one year | 42/48 | €22,364 | €13,157 | -€9,207 | -41.2% |
| Trade debts | 44 | €7,554 | €2,456 | -€5,098 | -67.5% |
| Suppliers | 440/4 | €7,554 | €2,456 | -€5,098 | -67.5% |
| Advances received on contracts in progress | 46 | €2,323 | - | -€2,323 | |
| Taxes, remuneration and social security | 45 | €12,486 | €10,701 | -€1,785 | -14.3% |
| Taxes | 450/3 | €12,486 | €10,701 | -€1,785 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €0 | -€359 | -100% |
| Other operating charges | 640/8 | €1,523 | €1,104 | -€419 | -27.5% |
| Gross operating margin | 9900 | €10,676 | €15,459 | +€4,783 | +44.8% |
| Operating profit (loss) | 9901 | €8,795 | €14,355 | +€5,561 | +63.2% |
| Financial income | 75/76B | €3,627 | €2,895 | -€732 | -20.2% |
| Recurring financial income | 75 | €3,627 | €2,895 | -€732 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €12,421 | €17,250 | +€4,829 | +38.9% |
| Income taxes | 67/77 | €3,502 | €4,992 | +€1,490 | +42.6% |
| Profit (loss) for the period | 9904 | €8,919 | €12,258 | +€3,339 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,919 | €12,258 | +€3,339 | +37.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.