ZEBRA MEDIA: 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 MEDIA
Largest movements
- Tangible fixed assets -€15,988
down €15,988 (-32.8%), from €48,783 to €32,795
of which Furniture and vehicles: -€9,163
- Cash -€2,438
down €2,438 (-92.5%), from €2,635 to €197
mainly Net result for the year (-€25,428) and Deferred charges and accrued income (-€605)
- Receivables within one year -€842
down €842 (-49.7%), from €1,694 to €851
- Deferred charges and accrued income +€605
new in 2025: €605
- Profit (loss) carried forward -€25,428
down €25,428 (-141%), from -€18,059 to -€43,487
- Debts after one year +€6,522
up €6,522 (+12.4%), from €52,782 to €59,303
of which Other amounts payable: +€59,303
- Gross operating margin -€6,302
down €6,302 (-497%), from -€1,268 to -€7,570
- Depreciation -€4,360
down €4,360 (-21.4%), from €20,348 to €15,988
- Other operating charges -€451
down €451 (-25.8%), from €1,750 to €1,299
- Financial income -€310
down €310 (-87.1%), from €356 to €46
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 | €53,412 | €34,699 | -€18,713 | -35.0% |
| Fixed assets | 21/28 | €48,833 | €32,795 | -€16,037 | -32.8% |
| Tangible fixed assets | 22/27 | €48,783 | €32,795 | -€15,988 | -32.8% |
| Land and buildings | 22 | €6,973 | €255 | -€6,718 | -96.3% |
| Plant, machinery and equipment | 23 | €818 | €711 | -€107 | -13.0% |
| Furniture and vehicles | 24 | €40,992 | €31,829 | -€9,163 | -22.4% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100% |
| Current assets | 29/58 | €4,579 | €1,904 | -€2,675 | -58.4% |
| Amounts receivable within one year | 40/41 | €1,694 | €851 | -€842 | -49.7% |
| Trade receivables | 40 | €1,694 | €851 | -€842 | -49.7% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,635 | €197 | -€2,438 | -92.5% |
| Deferred charges and accrued income | 490/1 | - | €605 | +€605 | |
| Total equity and liabilities | 10/49 | €53,412 | €34,699 | -€18,713 | -35.0% |
| Equity | 10/15 | -€1,360 | -€26,788 | -€25,428 | -1,870% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €10,494 | €10,494 | = | 0.0% |
| 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 | €8,634 | €8,634 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,059 | -€43,487 | -€25,428 | -141% |
| Amounts payable | 17/49 | €54,771 | €61,487 | +€6,715 | +12.3% |
| Amounts payable after more than one year | 17 | €52,782 | €59,303 | +€6,522 | +12.4% |
| Financial debts | 170/4 | €52,782 | - | -€52,782 | |
| Other amounts payable | 178/9 | - | €59,303 | +€59,303 | |
| Amounts payable within one year | 42/48 | €1,990 | €2,184 | +€194 | +9.7% |
| Trade debts | 44 | €439 | €499 | +€60 | +13.7% |
| Suppliers | 440/4 | €439 | €499 | +€60 | +13.7% |
| Taxes, remuneration and social security | 45 | €1,551 | €1,685 | +€134 | +8.6% |
| Taxes | 450/3 | €1,551 | €1,685 | +€134 | +8.6% |
| Non-recurring operating income | 76A | €1,711 | €0 | -€1,711 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,348 | €15,988 | -€4,360 | -21.4% |
| Other operating charges | 640/8 | €1,750 | €1,299 | -€451 | -25.8% |
| Gross operating margin | 9900 | -€1,268 | -€7,570 | -€6,302 | -497% |
| Operating profit (loss) | 9901 | -€23,366 | -€24,857 | -€1,491 | -6.4% |
| Financial income | 75/76B | €356 | €46 | -€310 | -87.1% |
| Recurring financial income | 75 | €356 | €46 | -€310 | -87.1% |
| Financial charges | 65/66B | €97 | €109 | +€12 | +12.2% |
| Recurring financial charges | 65 | €97 | €109 | +€12 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€23,108 | -€24,920 | -€1,812 | -7.8% |
| Income taxes | 67/77 | €519 | €508 | -€11 | -2.2% |
| Profit (loss) for the period | 9904 | -€23,627 | -€25,428 | -€1,801 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,627 | -€25,428 | -€1,801 | -7.6% |
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 24 October 2026 via checked.be.