Bart Stroeken Advocaat: 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.
Bart Stroeken Advocaat
Largest movements
- Receivables within one year +€9,685
up €9,685 (+145.4%), from €6,663 to €16,348
- Tangible fixed assets -€9,492
down €9,492 (-15.5%), from €61,191 to €51,698
of which Land and buildings: -€9,504
- Cash -€2,058
down €2,058 (-6.4%), from €32,143 to €30,085
mainly Receivables within one year (-€9,685) and Net result for the year (-€4,445)
- Deferred charges and accrued income -€1,471
down €1,471 (-41.8%), from €3,516 to €2,045
- Profit (loss) carried forward -€4,445
down €4,445 (-5.0%), from -€88,732 to -€93,177
- Trade debts +€3,555
up €3,555 (+308.8%), from €1,151 to €4,706
- Tax, wage and social debts -€1,458
down €1,458 (-34.8%), from €4,186 to €2,728
- Gross operating margin +€2,799
up €2,799 (+33.8%), from €8,282 to €11,081
- Other operating charges +€1,922
up €1,922 (+64.3%), from €2,986 to €4,908
- Financial charges -€765
down €765 (-74.0%), from €1,033 to €268
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 | €103,513 | €100,176 | -€3,336 | -3.2% |
| Fixed assets | 21/28 | €61,191 | €51,698 | -€9,492 | -15.5% |
| Tangible fixed assets | 22/27 | €61,191 | €51,698 | -€9,492 | -15.5% |
| Land and buildings | 22 | €59,626 | €50,122 | -€9,504 | -15.9% |
| Plant, machinery and equipment | 23 | €1,565 | €1,576 | +€12 | +0.7% |
| Current assets | 29/58 | €42,322 | €48,478 | +€6,156 | +14.5% |
| Amounts receivable within one year | 40/41 | €6,663 | €16,348 | +€9,685 | +145.4% |
| Trade receivables | 40 | €6,663 | €16,348 | +€9,685 | +145.4% |
| Cash at bank and in hand | 54/58 | €32,143 | €30,085 | -€2,058 | -6.4% |
| Deferred charges and accrued income | 490/1 | €3,516 | €2,045 | -€1,471 | -41.8% |
| Total equity and liabilities | 10/49 | €103,513 | €100,176 | -€3,336 | -3.2% |
| Equity | 10/15 | -€74,477 | -€78,922 | -€4,445 | -6.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,732 | -€93,177 | -€4,445 | -5.0% |
| Amounts payable | 17/49 | €177,989 | €179,098 | +€1,109 | +0.6% |
| Amounts payable within one year | 42/48 | €177,989 | €179,098 | +€1,109 | +0.6% |
| Trade debts | 44 | €1,151 | €4,706 | +€3,555 | +308.8% |
| Suppliers | 440/4 | €1,151 | €4,706 | +€3,555 | +308.8% |
| Taxes, remuneration and social security | 45 | €4,186 | €2,728 | -€1,458 | -34.8% |
| Taxes | 450/3 | €4,186 | €2,728 | -€1,458 | -34.8% |
| Other amounts payable | 47/48 | €172,652 | €171,664 | -€988 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,004 | €10,027 | +€23 | +0.2% |
| Other operating charges | 640/8 | €2,986 | €4,908 | +€1,922 | +64.3% |
| Gross operating margin | 9900 | €8,282 | €11,081 | +€2,799 | +33.8% |
| Operating profit (loss) | 9901 | -€4,709 | -€3,854 | +€855 | +18.2% |
| Financial income | 75/76B | €48 | €90 | +€42 | +86.6% |
| Recurring financial income | 75 | €48 | €90 | +€42 | +86.6% |
| Financial charges | 65/66B | €1,033 | €268 | -€765 | -74.0% |
| Recurring financial charges | 65 | €1,033 | €268 | -€765 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,693 | -€4,032 | +€1,661 | +29.2% |
| Income taxes | 67/77 | €314 | €413 | +€99 | +31.5% |
| Profit (loss) for the period | 9904 | -€6,007 | -€4,445 | +€1,562 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,007 | -€4,445 | +€1,562 | +26.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.