ZEBRASTRAAT: 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.
What changed
ZEBRASTRAAT
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€103,930
2024 · €56,320-€160,249
Equity
€2.1m
2024 · €2.2m-€103,930
Cash
€45,356
2024 · €91,374-€46,018
Balance sheet total
€15.7m
2024 · €16.7m-€994,406
Largest movements
Assets
- Tangible fixed assets -€938,060
down €938,060 (-5.9%), from €16.0m to €15.0m
of which Land and buildings: -€985,060
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-9.2%), from €13.8m to €12.5m
- Trade debts +€324,737
up €324,737 (+228%), from €142,208 to €466,945
Income statement
- Gross operating margin -€85,896
down €85,896 (-2.4%), from €3.6m to €3.5m
- Depreciation +€71,796
up €71,796 (+3.7%), from €2.0m to €2.0m
- Financial income +€60,103
up €60,103 (+1,114%), from €5,397 to €65,499
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.
Result 2024
€56,320
Gross operating margin
-€85,896
Staff costs
-€33,910
Depreciation
-€71,796
Other operating charges
-€9,812
Financial income
+€60,103
Financial charges
-€18,904
Taxes
-€34
Result 2025
-€103,930
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
-€1.1m
Financing
-€8,835
Cash 2024
€91,374
From operations (derived)
+€1.1m
Net result for the year
-€103,930
Depreciation
+€2.0m
Stocks and contracts
+€14,075
Receivables within one year
+€31,388
Deferred charges and accrued income
-€35,135
Trade debts
+€324,737
Tax, wage and social debts
+€62,747
Other debts
-€1.3m
Accrued charges and deferred income
+€3,486
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
-€8,835
Debts after one year
-€8,835
Cash 2025
€45,356
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,714,242 | €15,719,836 | -€994,406 | -5.9% |
| Fixed assets | 21/28 | €15,962,849 | €15,024,789 | -€938,060 | -5.9% |
| Tangible fixed assets | 22/27 | €15,962,699 | €15,024,639 | -€938,060 | -5.9% |
| Land and buildings | 22 | €15,551,498 | €14,566,437 | -€985,060 | -6.3% |
| Plant, machinery and equipment | 23 | €158,398 | €218,819 | +€60,421 | +38.1% |
| Furniture and vehicles | 24 | €252,803 | €239,382 | -€13,421 | -5.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €751,393 | €695,047 | -€56,346 | -7.5% |
| Stocks and contracts in progress | 3 | €51,327 | €37,252 | -€14,075 | -27.4% |
| Stocks | 30/36 | €51,327 | €37,252 | -€14,075 | -27.4% |
| Amounts receivable within one year | 40/41 | €575,556 | €544,168 | -€31,388 | -5.5% |
| Trade receivables | 40 | €575,556 | €544,168 | -€31,388 | -5.5% |
| Cash at bank and in hand | 54/58 | €91,374 | €45,356 | -€46,018 | -50.4% |
| Deferred charges and accrued income | 490/1 | €33,136 | €68,271 | +€35,135 | +106% |
| Total equity and liabilities | 10/49 | €16,714,242 | €15,719,836 | -€994,406 | -5.9% |
| Equity | 10/15 | €2,237,168 | €2,133,238 | -€103,930 | -4.6% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Reserves | 13 | €133,740 | €133,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €117,740 | €117,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,428 | -€502 | -€103,930 | |
| Amounts payable | 17/49 | €14,477,074 | €13,586,597 | -€890,477 | -6.2% |
| Amounts payable after more than one year | 17 | €247,368 | €238,533 | -€8,835 | -3.6% |
| Other amounts payable | 178/9 | €247,368 | €238,533 | -€8,835 | -3.6% |
| Amounts payable within one year | 42/48 | €14,215,423 | €13,330,295 | -€885,128 | -6.2% |
| Trade debts | 44 | €142,208 | €466,945 | +€324,737 | +228% |
| Suppliers | 440/4 | €142,208 | €466,945 | +€324,737 | +228% |
| Taxes, remuneration and social security | 45 | €251,409 | €314,155 | +€62,747 | +25.0% |
| Taxes | 450/3 | €60,076 | €87,414 | +€27,339 | +45.5% |
| Remuneration and social security | 454/9 | €191,333 | €226,741 | +€35,408 | +18.5% |
| Other amounts payable | 47/48 | €13,821,806 | €12,549,195 | -€1.3m | -9.2% |
| Accrued charges and deferred income | 492/3 | €14,283 | €17,769 | +€3,486 | +24.4% |
| Non-recurring operating income | 76A | €19,435 | €5,112 | -€14,324 | -73.7% |
| Remuneration, social security and pensions | 62 | €1,412,361 | €1,446,270 | +€33,910 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,962,352 | €2,034,149 | +€71,796 | +3.7% |
| Other operating charges | 640/8 | €145,476 | €155,288 | +€9,812 | +6.7% |
| Gross operating margin | 9900 | €3,572,197 | €3,486,301 | -€85,896 | -2.4% |
| Operating profit (loss) | 9901 | €52,008 | -€149,406 | -€201,414 | |
| Financial income | 75/76B | €5,397 | €65,499 | +€60,103 | +1,114% |
| Recurring financial income | 75 | €5,397 | €65,499 | +€60,103 | +1,114% |
| Financial charges | 65/66B | €1,085 | €19,989 | +€18,904 | +1,742% |
| Recurring financial charges | 65 | €1,085 | €19,989 | +€18,904 | +1,742% |
| Profit (loss) for the period before taxes | 9903 | €56,320 | -€103,896 | -€160,215 | |
| Income taxes | 67/77 | -€0 | €34 | +€34 | |
| Profit (loss) for the period | 9904 | €56,320 | -€103,930 | -€160,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,320 | -€103,930 | -€160,249 |
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.