ZEBROPTIM: 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.
ZEBROPTIM
Largest movements
- Receivables within one year -€30,030
down €30,030 (-74.2%), from €40,480 to €10,450
of which Other amounts receivable: -€25,122
- Tangible fixed assets -€8,412
down €8,412 (-13.7%), from €61,346 to €52,934
- Cash -€3,432
down €3,432 (-14.0%), from €24,436 to €21,004
mainly Contributions, distributions and other (-€117,850) and Current portion of long-term debt (-€11,892)
- Deferred charges and accrued income +€1,751
up €1,751 (+81.0%), from €2,163 to €3,915
- Profit (loss) carried forward -€41,364
down €41,364 (-81.0%), from €51,097 to €9,733
- Other debts +€38,687
up €38,687 (+167.1%), from €23,146 to €61,833
- Contributions -€18,100
down €18,100 (-97.3%), from €18,600 to €500
- Current portion of long-term debt -€11,892
down €11,892 (-100.0%), from €11,892 to €1
- Tax, wage and social debts -€6,301
down €6,301 (-37.9%), from €16,625 to €10,324
- Depreciation +€12,564
up €12,564 (+16521.0%), from €76 to €12,640
- Gross operating margin -€8,284
down €8,284 (-8.3%), from €99,862 to €91,578
- Other operating charges -€7,251
down €7,251 (-94.3%), from €7,691 to €440
- Financial income +€1,619
up €1,619 (+25059.3%), from €6 to €1,625
- Taxes -€1,191
down €1,191 (-5.3%), from €22,389 to €21,198
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 | €128,425 | €88,603 | -€39,822 | -31.0% |
| Fixed assets | 21/28 | €61,346 | €53,234 | -€8,112 | -13.2% |
| Tangible fixed assets | 22/27 | €61,346 | €52,934 | -€8,412 | -13.7% |
| Furniture and vehicles | 24 | €61,346 | €52,934 | -€8,412 | -13.7% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €67,079 | €35,369 | -€31,710 | -47.3% |
| Amounts receivable within one year | 40/41 | €40,480 | €10,450 | -€30,030 | -74.2% |
| Trade receivables | 40 | €15,358 | €10,450 | -€4,908 | -32.0% |
| Other amounts receivable | 41 | €25,122 | - | -€25,122 | |
| Cash at bank and in hand | 54/58 | €24,436 | €21,004 | -€3,432 | -14.0% |
| Deferred charges and accrued income | 490/1 | €2,163 | €3,915 | +€1,751 | +81.0% |
| Total equity and liabilities | 10/49 | €128,425 | €88,603 | -€39,822 | -31.0% |
| Equity | 10/15 | €69,757 | €10,293 | -€59,464 | -85.2% |
| Contributions | 10/11 | €18,600 | €500 | -€18,100 | -97.3% |
| Reserves | 13 | €60 | €60 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60 | €60 | = | 0.0% |
| Reserves not available under the articles | 1311 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,097 | €9,733 | -€41,364 | -81.0% |
| Amounts payable | 17/49 | €58,668 | €78,310 | +€19,642 | +33.5% |
| Amounts payable after more than one year | 17 | €6,108 | €6,108 | = | 0.0% |
| Financial debts | 170/4 | €6,108 | €6,108 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,560 | €72,202 | +€19,642 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €11,892 | €1 | -€11,892 | -100.0% |
| Trade debts | 44 | €897 | €45 | -€852 | -95.0% |
| Suppliers | 440/4 | €897 | €45 | -€852 | -95.0% |
| Taxes, remuneration and social security | 45 | €16,625 | €10,324 | -€6,301 | -37.9% |
| Taxes | 450/3 | €16,625 | €10,324 | -€6,301 | -37.9% |
| Other amounts payable | 47/48 | €23,146 | €61,833 | +€38,687 | +167.1% |
| Remuneration, social security and pensions | 62 | €420 | - | -€420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €12,640 | +€12,564 | +16521.0% |
| Other operating charges | 640/8 | €7,691 | €440 | -€7,251 | -94.3% |
| Non-recurring operating charges | 66A | €4,915 | - | -€4,915 | |
| Gross operating margin | 9900 | €99,862 | €91,578 | -€8,284 | -8.3% |
| Operating profit (loss) | 9901 | €86,761 | €78,498 | -€8,263 | -9.5% |
| Financial income | 75/76B | €6 | €1,625 | +€1,619 | +25059.3% |
| Recurring financial income | 75 | €6 | €1,625 | +€1,619 | +25059.3% |
| Financial charges | 65/66B | €257 | €539 | +€282 | +109.4% |
| Recurring financial charges | 65 | €257 | €539 | +€282 | +109.4% |
| Profit (loss) for the period before taxes | 9903 | €86,510 | €79,584 | -€6,925 | -8.0% |
| Income taxes | 67/77 | €22,389 | €21,198 | -€1,191 | -5.3% |
| Profit (loss) for the period | 9904 | €64,121 | €58,386 | -€5,735 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,121 | €58,386 | -€5,735 | -8.9% |
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 11 October 2026 via checked.be.