A & C STRAGIER: 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
A & C STRAGIER
NACE 47.511, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€14,534
2024 · €42,139-€27,606
Equity
-€152,374
2024 · -€166,907+€14,534
Cash
€35,895
2024 · €153,469-€117,574
Balance sheet total
€8.2m
2024 · €8.5m-€281,801
Largest movements
Assets
- Cash -€117,574
down €117,574 (-76.6%), from €153,469 to €35,895
mainly Investment in fixed assets (net) (-€125,939) and Debts after one year (-€125,323)
- Stocks and contracts -€116,124
down €116,124 (-1.6%), from €7.1m to €7.0m
Equity and liabilities
- Debts after one year -€125,323
down €125,323 (-1.6%), from €7.7m to €7.6m
of which Other amounts payable: -€376,708
- Short-term financial debts -€100,159
down €100,159 (-22.2%), from €450,635 to €350,475
Income statement
- Gross operating margin -€100,476
down €100,476 (-11.1%), from €904,518 to €804,042
- Staff costs -€96,329
down €96,329 (-15.8%), from €611,534 to €515,205
- Depreciation +€21,606
up €21,606 (+12.3%), from €176,020 to €197,626
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
€42,139
Gross operating margin
-€100,476
Staff costs
+€96,329
Depreciation
-€21,606
Other operating charges
+€4,606
Financial income
+€531
Financial charges
-€6,122
Taxes
-€868
Result 2025
€14,534
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
+€231,913
Investment
-€125,939
Financing
-€223,549
Cash 2024
€153,469
From operations (derived)
+€231,913
Net result for the year
+€14,534
Depreciation
+€197,626
Stocks and contracts
+€116,124
Receivables within one year
-€21,198
Deferred charges and accrued income
-€2,387
Trade debts
-€71,602
Tax, wage and social debts
-€4,225
Advances received
+€2,045
Accrued charges and deferred income
+€996
Investment (derived)
-€125,939
Investment in fixed assets (net)
-€125,939
Financing
-€223,549
Debts after one year
-€125,323
Current portion of long-term debt
+€1,933
Short-term financial debts
-€100,159
Cash 2025
€35,895
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,505,961 | €8,224,160 | -€281,801 | -3.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,151,233 | €1,079,546 | -€71,687 | -6.2% |
| Intangible fixed assets | 21 | €976,902 | €940,661 | -€36,241 | -3.7% |
| Tangible fixed assets | 22/27 | €173,760 | €138,314 | -€35,446 | -20.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €66,328 | €48,104 | -€18,224 | -27.5% |
| Furniture and vehicles | 24 | €107,432 | €90,210 | -€17,222 | -16.0% |
| Financial fixed assets | 28 | €572 | €572 | = | 0.0% |
| Current assets | 29/58 | €7,354,728 | €7,144,614 | -€210,114 | -2.9% |
| Stocks and contracts in progress | 3 | €7,102,155 | €6,986,031 | -€116,124 | -1.6% |
| Stocks | 30/36 | €7,102,155 | €6,986,031 | -€116,124 | -1.6% |
| Amounts receivable within one year | 40/41 | €61,706 | €82,904 | +€21,198 | +34.4% |
| Trade receivables | 40 | €60,089 | €67,516 | +€7,427 | +12.4% |
| Other amounts receivable | 41 | €1,617 | €15,388 | +€13,771 | +852% |
| Cash at bank and in hand | 54/58 | €153,469 | €35,895 | -€117,574 | -76.6% |
| Deferred charges and accrued income | 490/1 | €37,398 | €39,785 | +€2,387 | +6.4% |
| Total equity and liabilities | 10/49 | €8,505,961 | €8,224,160 | -€281,801 | -3.3% |
| Equity | 10/15 | -€166,907 | -€152,374 | +€14,534 | +8.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€366,907 | -€352,374 | +€14,534 | +4.0% |
| Amounts payable | 17/49 | €8,672,868 | €8,376,534 | -€296,334 | -3.4% |
| Amounts payable after more than one year | 17 | €7,714,178 | €7,588,855 | -€125,323 | -1.6% |
| Financial debts | 170/4 | €326,049 | €577,434 | +€251,385 | +77.1% |
| Other amounts payable | 178/9 | €7,388,129 | €7,011,421 | -€376,708 | -5.1% |
| Amounts payable within one year | 42/48 | €958,393 | €786,385 | -€172,008 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €109,091 | €111,024 | +€1,933 | +1.8% |
| Financial debts | 43 | €450,635 | €350,475 | -€100,159 | -22.2% |
| Credit institutions | 430/8 | €450,635 | €350,475 | -€100,159 | -22.2% |
| Trade debts | 44 | €284,280 | €212,678 | -€71,602 | -25.2% |
| Suppliers | 440/4 | €284,280 | €212,678 | -€71,602 | -25.2% |
| Advances received on contracts in progress | 46 | €34,139 | €36,184 | +€2,045 | +6.0% |
| Taxes, remuneration and social security | 45 | €80,248 | €76,023 | -€4,225 | -5.3% |
| Taxes | 450/3 | €68,215 | €71,010 | +€2,795 | +4.1% |
| Remuneration and social security | 454/9 | €12,033 | €5,013 | -€7,020 | -58.3% |
| Accrued charges and deferred income | 492/3 | €297 | €1,293 | +€996 | +335% |
| Remuneration, social security and pensions | 62 | €611,534 | €515,205 | -€96,329 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176,020 | €197,626 | +€21,606 | +12.3% |
| Other operating charges | 640/8 | €18,233 | €13,626 | -€4,606 | -25.3% |
| Gross operating margin | 9900 | €904,518 | €804,042 | -€100,476 | -11.1% |
| Operating profit (loss) | 9901 | €98,731 | €77,585 | -€21,146 | -21.4% |
| Financial income | 75/76B | €327 | €858 | +€531 | +163% |
| Recurring financial income | 75 | €327 | €858 | +€531 | +163% |
| Financial charges | 65/66B | €54,289 | €60,411 | +€6,122 | +11.3% |
| Recurring financial charges | 65 | €54,289 | €60,411 | +€6,122 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €44,769 | €18,032 | -€26,737 | -59.7% |
| Income taxes | 67/77 | €2,630 | €3,498 | +€868 | +33.0% |
| Profit (loss) for the period | 9904 | €42,139 | €14,534 | -€27,606 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,139 | €14,534 | -€27,606 | -65.5% |
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 25 October 2026 via checked.be.