A-STRATEGY: 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.
A-STRATEGY
Largest movements
- Receivables within one year +€142,654
up €142,654 (+9.1%), from €1.6m to €1.7m
of which Trade receivables: +€144,007
- Cash +€40,753
up €40,753 (+1114.9%), from €3,655 to €44,408
mainly Trade debts (+€161,517) and Tax, wage and social debts (+€29,900)
- Deferred charges and accrued income +€38,878
up €38,878 (+1970.6%), from €1,973 to €40,851
- Trade debts +€161,517
up €161,517 (+27.4%), from €590,011 to €751,528
- Tax, wage and social debts +€29,900
up €29,900 (+11.8%), from €253,527 to €283,428
of which Taxes: +€30,081
- Profit (loss) carried forward +€28,867
up €28,867 (+7.2%), from €402,042 to €430,910
- Gross operating margin -€7,290
down €7,290 (-3.2%), from €224,817 to €217,527
- Taxes -€3,512
down €3,512 (-22.5%), from €15,596 to €12,084
- Staff costs +€3,472
up €3,472 (+2.3%), from €151,722 to €155,194
- Other operating charges -€3,196
down €3,196 (-68.6%), from €4,657 to €1,462
- Financial charges +€2,770
up €2,770 (+18.3%), from €15,150 to €17,920
of which Non-recurring financial charges: +€2,500
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 | €1,575,581 | €1,795,865 | +€220,284 | +14.0% |
| Fixed assets | 21/28 | €2,334 | €334 | -€2,000 | -85.7% |
| Intangible fixed assets | 21 | €2,334 | €334 | -€2,000 | -85.7% |
| Current assets | 29/58 | €1,573,247 | €1,795,531 | +€222,284 | +14.1% |
| Amounts receivable within one year | 40/41 | €1,567,618 | €1,710,272 | +€142,654 | +9.1% |
| Trade receivables | 40 | €1,566,265 | €1,710,272 | +€144,007 | +9.2% |
| Other amounts receivable | 41 | €1,353 | €0 | -€1,353 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,655 | €44,408 | +€40,753 | +1114.9% |
| Deferred charges and accrued income | 490/1 | €1,973 | €40,851 | +€38,878 | +1970.6% |
| Total equity and liabilities | 10/49 | €1,575,581 | €1,795,865 | +€220,284 | +14.0% |
| Equity | 10/15 | €732,042 | €760,910 | +€28,867 | +3.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €402,042 | €430,910 | +€28,867 | +7.2% |
| Amounts payable | 17/49 | €843,538 | €1,034,956 | +€191,417 | +22.7% |
| Amounts payable within one year | 42/48 | €843,538 | €1,034,956 | +€191,417 | +22.7% |
| Trade debts | 44 | €590,011 | €751,528 | +€161,517 | +27.4% |
| Suppliers | 440/4 | €590,011 | €751,528 | +€161,517 | +27.4% |
| Taxes, remuneration and social security | 45 | €253,527 | €283,428 | +€29,900 | +11.8% |
| Taxes | 450/3 | €229,031 | €259,112 | +€30,081 | +13.1% |
| Remuneration and social security | 454/9 | €24,497 | €24,316 | -€181 | -0.7% |
| Remuneration, social security and pensions | 62 | €151,722 | €155,194 | +€3,472 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €4,657 | €1,462 | -€3,196 | -68.6% |
| Gross operating margin | 9900 | €224,817 | €217,527 | -€7,290 | -3.2% |
| Operating profit (loss) | 9901 | €66,437 | €58,871 | -€7,566 | -11.4% |
| Financial charges | 65/66B | €15,150 | €17,920 | +€2,770 | +18.3% |
| Recurring financial charges | 65 | €15,150 | €15,420 | +€270 | +1.8% |
| Non-recurring financial charges | 66B | - | €2,500 | +€2,500 | |
| Profit (loss) for the period before taxes | 9903 | €51,287 | €40,951 | -€10,336 | -20.2% |
| Income taxes | 67/77 | €15,596 | €12,084 | -€3,512 | -22.5% |
| Profit (loss) for the period | 9904 | €35,691 | €28,867 | -€6,824 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,691 | €28,867 | -€6,824 | -19.1% |
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 10 October 2026 via checked.be.