Zebra C: 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.
Zebra C
Largest movements
- Receivables within one year +€15,890
up €15,890 (+99.4%), from €15,985 to €31,875
of which Trade receivables: +€16,554
- Cash +€8,683
up €8,683 (+55.7%), from €15,579 to €24,261
mainly Net result for the year (+€21,594) and Tax, wage and social debts (+€3,112)
- Tangible fixed assets -€2,040
down €2,040 (-36.0%), from €5,668 to €3,628
- Deferred charges and accrued income +€1,307
up €1,307 (+89.3%), from €1,463 to €2,770
- Stocks and contracts -€1,100
no longer reported in 2025 (was €1,100)
- Profit (loss) carried forward +€21,594
up €21,594 (+1187.0%), from €1,819 to €23,413
- Tax, wage and social debts +€3,112
up €3,112 (+13.1%), from €23,815 to €26,927
- Current portion of long-term debt -€2,396
no longer reported in 2025 (was €2,396)
- Trade debts +€902
up €902 (+47.5%), from €1,901 to €2,803
- Gross operating margin +€10,054
up €10,054 (+48.8%), from €20,600 to €30,654
- Financial charges +€1,918
up €1,918 (+370.1%), from €518 to €2,436
- Taxes +€1,684
up €1,684 (+122.7%), from €1,373 to €3,056
- Staff costs +€449
new in 2025: €449
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.
Cash bridge derived
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 | €42,532 | €65,759 | +€23,227 | +54.6% |
| Fixed assets | 21/28 | €5,918 | €3,878 | -€2,040 | -34.5% |
| Tangible fixed assets | 22/27 | €5,668 | €3,628 | -€2,040 | -36.0% |
| Furniture and vehicles | 24 | €5,668 | €3,628 | -€2,040 | -36.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €36,614 | €61,880 | +€25,267 | +69.0% |
| Amounts receivable after more than one year | 29 | €2,487 | €2,974 | +€487 | +19.6% |
| Other amounts receivable | 291 | €2,487 | €2,974 | +€487 | +19.6% |
| Stocks and contracts in progress | 3 | €1,100 | - | -€1,100 | |
| Stocks | 30/36 | €1,100 | - | -€1,100 | |
| Amounts receivable within one year | 40/41 | €15,985 | €31,875 | +€15,890 | +99.4% |
| Trade receivables | 40 | €13,412 | €29,966 | +€16,554 | +123.4% |
| Other amounts receivable | 41 | €2,573 | €1,909 | -€663 | -25.8% |
| Cash at bank and in hand | 54/58 | €15,579 | €24,261 | +€8,683 | +55.7% |
| Deferred charges and accrued income | 490/1 | €1,463 | €2,770 | +€1,307 | +89.3% |
| Total equity and liabilities | 10/49 | €42,532 | €65,759 | +€23,227 | +54.6% |
| Equity | 10/15 | €6,819 | €28,413 | +€21,594 | +316.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,819 | €23,413 | +€21,594 | +1187.0% |
| Amounts payable | 17/49 | €35,712 | €37,345 | +€1,633 | +4.6% |
| Amounts payable after more than one year | 17 | €7,000 | €7,000 | = | 0.0% |
| Other amounts payable | 178/9 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,112 | €29,730 | +€1,618 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €2,396 | - | -€2,396 | |
| Trade debts | 44 | €1,901 | €2,803 | +€902 | +47.5% |
| Suppliers | 440/4 | €1,901 | €2,803 | +€902 | +47.5% |
| Taxes, remuneration and social security | 45 | €23,815 | €26,927 | +€3,112 | +13.1% |
| Taxes | 450/3 | €23,815 | €26,927 | +€3,112 | +13.1% |
| Accrued charges and deferred income | 492/3 | €600 | €615 | +€15 | +2.5% |
| Remuneration, social security and pensions | 62 | - | €449 | +€449 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,765 | €2,040 | +€274 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,100 | €1,100 | = | 0.0% |
| Gross operating margin | 9900 | €20,600 | €30,654 | +€10,054 | +48.8% |
| Operating profit (loss) | 9901 | €17,735 | €27,065 | +€9,331 | +52.6% |
| Financial income | 75/76B | €10 | €21 | +€11 | +111.0% |
| Recurring financial income | 75 | €10 | €21 | +€11 | +111.0% |
| Financial charges | 65/66B | €518 | €2,436 | +€1,918 | +370.1% |
| Recurring financial charges | 65 | €518 | €2,436 | +€1,918 | +370.1% |
| Profit (loss) for the period before taxes | 9903 | €17,226 | €24,650 | +€7,424 | +43.1% |
| Income taxes | 67/77 | €1,373 | €3,056 | +€1,684 | +122.7% |
| Profit (loss) for the period | 9904 | €15,854 | €21,594 | +€5,740 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,854 | €21,594 | +€5,740 | +36.2% |
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 9 October 2026 via checked.be.