ZEBRA & FRIENDS: what changed
Two fiscal 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 & FRIENDS
Largest movements
- Receivables within one year +€63,274
up €63,274 (+80.4%), from €78,692 to €141,966
of which Trade receivables: +€62,936
- Stocks and contracts +€47,432
up €47,432 (+692.4%), from €6,850 to €54,282
- Deferred charges and accrued income +€4,702
new in 2024: €4,702
- Cash +€2,803
new in 2024: €2,803
mainly Debts after one year (+€102,500) and Short-term financial debts (+€13,004)
- Current investments -€2,718
no longer reported in 2024 (was €2,718)
- Debts after one year +€102,500
new in 2024: €102,500
- Short-term financial debts +€13,004
up €13,004 (+234.7%), from €5,541 to €18,545
- Tax, wage and social debts +€4,476
up €4,476 (+82.2%), from €5,444 to €9,920
- Profit (loss) carried forward -€3,114
down €3,114 (-6.7%), from €46,478 to €43,364
- Gross operating margin -€12,718
down €12,718 (-91.1%), from €13,967 to €1,249
- Taxes -€4,940
no longer reported in 2024 (was €4,940)
- Financial income -€1,730
down €1,730 (-90.2%), from €1,917 to €187
- Financial charges +€525
up €525 (+21.4%), from €2,457 to €2,982
- Other operating charges -€180
down €180 (-25.4%), from €708 to €528
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.
Cash bridge derived
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 | €90,335 | €204,788 | +€114,453 | +126.7% |
| Fixed assets | 21/28 | €2,075 | €1,035 | -€1,040 | -50.1% |
| Tangible fixed assets | 22/27 | €2,075 | €1,035 | -€1,040 | -50.1% |
| Plant, machinery and equipment | 23 | €939 | €452 | -€487 | -51.9% |
| Furniture and vehicles | 24 | €1,136 | €583 | -€553 | -48.7% |
| Current assets | 29/58 | €88,260 | €203,753 | +€115,493 | +130.9% |
| Stocks and contracts in progress | 3 | €6,850 | €54,282 | +€47,432 | +692.4% |
| Stocks | 30/36 | €6,850 | €54,282 | +€47,432 | +692.4% |
| Amounts receivable within one year | 40/41 | €78,692 | €141,966 | +€63,274 | +80.4% |
| Trade receivables | 40 | €75,582 | €138,518 | +€62,936 | +83.3% |
| Other amounts receivable | 41 | €3,110 | €3,448 | +€338 | +10.9% |
| Current investments | 50/53 | €2,718 | - | -€2,718 | |
| Cash at bank and in hand | 54/58 | - | €2,803 | +€2,803 | |
| Deferred charges and accrued income | 490/1 | - | €4,702 | +€4,702 | |
| Total equity and liabilities | 10/49 | €90,335 | €204,788 | +€114,453 | +126.7% |
| Equity | 10/15 | €75,878 | €72,764 | -€3,114 | -4.1% |
| Contributions | 10/11 | €29,000 | €29,000 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,478 | €43,364 | -€3,114 | -6.7% |
| Amounts payable | 17/49 | €14,457 | €132,024 | +€117,567 | +813.2% |
| Amounts payable after more than one year | 17 | - | €102,500 | +€102,500 | |
| Other amounts payable | 178/9 | - | €102,500 | +€102,500 | |
| Amounts payable within one year | 42/48 | €14,457 | €29,137 | +€14,680 | +101.5% |
| Financial debts | 43 | €5,541 | €18,545 | +€13,004 | +234.7% |
| Credit institutions | 430/8 | €5,541 | €18,545 | +€13,004 | +234.7% |
| Trade debts | 44 | €1,458 | €227 | -€1,231 | -84.4% |
| Suppliers | 440/4 | €1,458 | €227 | -€1,231 | -84.4% |
| Taxes, remuneration and social security | 45 | €5,444 | €9,920 | +€4,476 | +82.2% |
| Taxes | 450/3 | €5,444 | €9,920 | +€4,476 | +82.2% |
| Other amounts payable | 47/48 | €2,014 | €445 | -€1,569 | -77.9% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €1,040 | +€25 | +2.5% |
| Other operating charges | 640/8 | €708 | €528 | -€180 | -25.4% |
| Gross operating margin | 9900 | €13,967 | €1,249 | -€12,718 | -91.1% |
| Operating profit (loss) | 9901 | €12,244 | -€319 | -€12,563 | |
| Financial income | 75/76B | €1,917 | €187 | -€1,730 | -90.2% |
| Recurring financial income | 75 | €1,917 | €187 | -€1,730 | -90.2% |
| Financial charges | 65/66B | €2,457 | €2,982 | +€525 | +21.4% |
| Recurring financial charges | 65 | €2,457 | €2,982 | +€525 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €11,704 | -€3,114 | -€14,818 | |
| Income taxes | 67/77 | €4,940 | - | -€4,940 | |
| Profit (loss) for the period | 9904 | €6,764 | -€3,114 | -€9,878 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,764 | -€3,114 | -€9,878 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.