Denis STRAETEN: what changed
Denis STRAETEN
Largest movements
- Cash -€26,981
down €26,981 (-71.7%), from €37,656 to €10,674
mainly Stocks and contracts (-€24,500) and Investment in fixed assets (net) (-€24,259)
- Stocks and contracts +€24,500
new in 2025: €24,500
- Receivables within one year -€14,415
down €14,415 (-49.5%), from €29,107 to €14,691
of which Other amounts receivable: -€19,509
- Tangible fixed assets +€6,588
up €6,588 (+14.6%), from €45,059 to €51,647
of which Furniture and vehicles: +€6,105
- Deferred charges and accrued income -€1,512
down €1,512 (-100%), from €1,512 to €0
- Other debts -€22,487
down €22,487 (-36.7%), from €61,324 to €38,837
- Current portion of long-term debt +€9,180
new in 2025: €9,180
- Debts after one year +€7,828
new in 2025: €7,828
- Accrued charges and deferred income -€7,200
down €7,200 (-100%), from €7,200 to €0
- Tax, wage and social debts -€4,994
down €4,994 (-57.5%), from €8,683 to €3,689
of which Taxes: -€4,431
- Depreciation +€13,209
up €13,209 (+287%), from €4,610 to €17,819
- Taxes -€6,444
down €6,444 (-79.9%), from €8,066 to €1,622
- Gross operating margin -€4,486
down €4,486 (-13.1%), from €34,175 to €29,688
- Staff costs +€3,775
up €3,775 (+171%), from €2,203 to €5,978
- Financial charges +€803
up €803 (+214%), from €375 to €1,178
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,482 | €101,513 | -€11,969 | -10.5% |
| Fixed assets | 21/28 | €45,208 | €51,647 | +€6,440 | +14.2% |
| Tangible fixed assets | 22/27 | €45,059 | €51,647 | +€6,588 | +14.6% |
| Plant, machinery and equipment | 23 | €3,601 | €4,084 | +€484 | +13.4% |
| Furniture and vehicles | 24 | €41,459 | €47,563 | +€6,105 | +14.7% |
| Financial fixed assets | 28 | €149 | €0 | -€149 | -100% |
| Current assets | 29/58 | €68,274 | €49,866 | -€18,408 | -27.0% |
| Stocks and contracts in progress | 3 | - | €24,500 | +€24,500 | |
| Stocks | 30/36 | - | €24,500 | +€24,500 | |
| Amounts receivable within one year | 40/41 | €29,107 | €14,691 | -€14,415 | -49.5% |
| Trade receivables | 40 | €6,605 | €11,699 | +€5,094 | +77.1% |
| Other amounts receivable | 41 | €22,501 | €2,992 | -€19,509 | -86.7% |
| Cash at bank and in hand | 54/58 | €37,656 | €10,674 | -€26,981 | -71.7% |
| Deferred charges and accrued income | 490/1 | €1,512 | €0 | -€1,512 | -100% |
| Total equity and liabilities | 10/49 | €113,482 | €101,513 | -€11,969 | -10.5% |
| Equity | 10/15 | €24,627 | €25,687 | +€1,060 | +4.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,627 | €18,687 | +€1,060 | +6.0% |
| Amounts payable | 17/49 | €88,855 | €75,826 | -€13,029 | -14.7% |
| Amounts payable after more than one year | 17 | - | €7,828 | +€7,828 | |
| Financial debts | 170/4 | - | €7,828 | +€7,828 | |
| Amounts payable within one year | 42/48 | €81,655 | €67,998 | -€13,657 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,180 | +€9,180 | |
| Trade debts | 44 | €11,648 | €16,291 | +€4,644 | +39.9% |
| Suppliers | 440/4 | €11,648 | €16,291 | +€4,644 | +39.9% |
| Taxes, remuneration and social security | 45 | €8,683 | €3,689 | -€4,994 | -57.5% |
| Taxes | 450/3 | €8,120 | €3,689 | -€4,431 | -54.6% |
| Remuneration and social security | 454/9 | €563 | €0 | -€563 | -100% |
| Other amounts payable | 47/48 | €61,324 | €38,837 | -€22,487 | -36.7% |
| Accrued charges and deferred income | 492/3 | €7,200 | €0 | -€7,200 | -100% |
| Remuneration, social security and pensions | 62 | €2,203 | €5,978 | +€3,775 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,610 | €17,819 | +€13,209 | +287% |
| Other operating charges | 640/8 | €1,293 | €2,030 | +€737 | +57.0% |
| Gross operating margin | 9900 | €34,175 | €29,688 | -€4,486 | -13.1% |
| Operating profit (loss) | 9901 | €26,068 | €3,861 | -€22,208 | -85.2% |
| Financial charges | 65/66B | €375 | €1,178 | +€803 | +214% |
| Recurring financial charges | 65 | €375 | €1,178 | +€803 | +214% |
| Profit (loss) for the period before taxes | 9903 | €25,693 | €2,683 | -€23,010 | -89.6% |
| Income taxes | 67/77 | €8,066 | €1,622 | -€6,444 | -79.9% |
| Profit (loss) for the period | 9904 | €17,627 | €1,060 | -€16,566 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,627 | €1,060 | -€16,566 | -94.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.