ZEBRA ENTERTAINMENT: 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 ENTERTAINMENT
Largest movements
- Receivables within one year +€106,041
up €106,041 (+78.3%), from €135,436 to €241,477
of which Trade receivables: +€81,229
- Cash +€23,552
up €23,552 (+159%), from €14,831 to €38,382
mainly Trade debts (+€92,370) and Tax, wage and social debts (+€37,728)
- Tangible fixed assets -€5,793
down €5,793 (-20.0%), from €28,994 to €23,201
of which Plant, machinery and equipment: -€6,035
- Trade debts +€92,370
up €92,370 (+83.2%), from €111,023 to €203,393
- Tax, wage and social debts +€37,728
up €37,728 (+150%), from €25,075 to €62,803
of which Taxes: +€38,313
- Current portion of long-term debt -€10,099
down €10,099 (-100%), from €10,099 to €0
- Reserves +€6,335
up €6,335 (+7.7%), from €82,691 to €89,025
of which Distributable reserves: +€6,335
- Gross operating margin -€25,525
down €25,525 (-49.5%), from €51,567 to €26,042
- Financial income +€8,029
up €8,029 (+369%), from €2,175 to €10,204
of which Non-recurring financial income: +€8,204
- Other operating charges +€5,636
up €5,636 (+251%), from €2,244 to €7,880
- Depreciation -€4,250
down €4,250 (-31.2%), from €13,602 to €9,352
- Taxes -€3,126
down €3,126 (-35.9%), from €8,710 to €5,584
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 | €245,121 | €370,257 | +€125,135 | +51.1% |
| Fixed assets | 21/28 | €31,244 | €25,451 | -€5,793 | -18.5% |
| Tangible fixed assets | 22/27 | €28,994 | €23,201 | -€5,793 | -20.0% |
| Plant, machinery and equipment | 23 | €23,745 | €17,710 | -€6,035 | -25.4% |
| Furniture and vehicles | 24 | €5,249 | €5,490 | +€242 | +4.6% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €213,878 | €344,806 | +€130,929 | +61.2% |
| Stocks and contracts in progress | 3 | €60,994 | €60,994 | = | 0.0% |
| Stocks | 30/36 | €60,994 | €60,994 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,436 | €241,477 | +€106,041 | +78.3% |
| Trade receivables | 40 | €100,511 | €181,740 | +€81,229 | +80.8% |
| Other amounts receivable | 41 | €34,925 | €59,737 | +€24,812 | +71.0% |
| Cash at bank and in hand | 54/58 | €14,831 | €38,382 | +€23,552 | +159% |
| Deferred charges and accrued income | 490/1 | €2,617 | €3,953 | +€1,336 | +51.1% |
| Total equity and liabilities | 10/49 | €245,121 | €370,257 | +€125,135 | +51.1% |
| Equity | 10/15 | €88,891 | €95,225 | +€6,335 | +7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €82,691 | €89,025 | +€6,335 | +7.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €86 | €86 | = | 0.0% |
| Distributable reserves | 133 | €82,605 | €88,940 | +€6,335 | +7.7% |
| Amounts payable | 17/49 | €156,231 | €275,031 | +€118,801 | +76.0% |
| Amounts payable after more than one year | 17 | €3,507 | €3,507 | = | 0.0% |
| Financial debts | 170/4 | €3,507 | €3,507 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,124 | €271,525 | +€120,401 | +79.7% |
| Current portion of amounts payable after more than one year | 42 | €10,099 | €0 | -€10,099 | -100% |
| Financial debts | 43 | €4,927 | €5,329 | +€402 | +8.2% |
| Credit institutions | 430/8 | €4,927 | €5,329 | +€402 | +8.2% |
| Trade debts | 44 | €111,023 | €203,393 | +€92,370 | +83.2% |
| Suppliers | 440/4 | €111,023 | €203,393 | +€92,370 | +83.2% |
| Taxes, remuneration and social security | 45 | €25,075 | €62,803 | +€37,728 | +150% |
| Taxes | 450/3 | €24,489 | €62,803 | +€38,313 | +156% |
| Remuneration and social security | 454/9 | €585 | €0 | -€585 | -100% |
| Accrued charges and deferred income | 492/3 | €1,600 | €0 | -€1,600 | -100% |
| Remuneration, social security and pensions | 62 | €418 | €3,364 | +€2,945 | +704% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,602 | €9,352 | -€4,250 | -31.2% |
| Other operating charges | 640/8 | €2,244 | €7,880 | +€5,636 | +251% |
| Gross operating margin | 9900 | €51,567 | €26,042 | -€25,525 | -49.5% |
| Operating profit (loss) | 9901 | €35,303 | €5,447 | -€29,856 | -84.6% |
| Financial income | 75/76B | €2,175 | €10,204 | +€8,029 | +369% |
| Recurring financial income | 75 | €2,175 | €2,000 | -€175 | -8.1% |
| Non-recurring financial income | 76B | - | €8,204 | +€8,204 | |
| Financial charges | 65/66B | €4,400 | €3,732 | -€668 | -15.2% |
| Recurring financial charges | 65 | €4,400 | €3,732 | -€668 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €33,078 | €11,919 | -€21,159 | -64.0% |
| Income taxes | 67/77 | €8,710 | €5,584 | -€3,126 | -35.9% |
| Profit (loss) for the period | 9904 | €24,367 | €6,335 | -€18,033 | -74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,367 | €6,335 | -€18,033 | -74.0% |
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 26 October 2026 via checked.be.