DR. BERT STROO: 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.
DR. BERT STROO
Largest movements
- Cash +€156,055
up €156,055 (+30.0%), from €520,316 to €676,370
mainly Net result for the year (+€153,796) and Receivables after one year (+€95,000)
- Receivables after one year -€95,000
down €95,000 (-50.3%), from €189,000 to €94,000
of which Trade receivables: -€189,000
- Current investments -€74,000
down €74,000 (-29.6%), from €249,999 to €175,999
- Tangible fixed assets +€43,491
up €43,491 (+226.6%), from €19,197 to €62,688
of which Furniture and vehicles: +€39,986
- Receivables within one year +€18,000
up €18,000, from €0 to €18,000
- Reserves +€63,536
up €63,536 (+6.9%), from €918,331 to €981,867
of which Distributable reserves: +€63,536
- Tax, wage and social debts -€18,400
down €18,400 (-47.7%), from €38,578 to €20,178
- Gross operating margin -€180,973
down €180,973 (-45.0%), from €401,814 to €220,841
- Taxes -€6,214
down €6,214 (-8.5%), from €72,895 to €66,681
- Depreciation -€6,041
down €6,041 (-53.5%), from €11,282 to €5,241
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 | €978,512 | €1,027,058 | +€48,546 | +5.0% |
| Fixed assets | 21/28 | €19,197 | €62,688 | +€43,491 | +226.6% |
| Tangible fixed assets | 22/27 | €19,197 | €62,688 | +€43,491 | +226.6% |
| Land and buildings | 22 | €0 | €5,366 | +€5,366 | |
| Plant, machinery and equipment | 23 | €9,204 | €7,344 | -€1,860 | -20.2% |
| Furniture and vehicles | 24 | €9,993 | €49,979 | +€39,986 | +400.1% |
| Current assets | 29/58 | €959,315 | €964,370 | +€5,055 | +0.5% |
| Amounts receivable after more than one year | 29 | €189,000 | €94,000 | -€95,000 | -50.3% |
| Trade receivables | 290 | €189,000 | €0 | -€189,000 | -100.0% |
| Other amounts receivable | 291 | - | €94,000 | +€94,000 | |
| Amounts receivable within one year | 40/41 | €0 | €18,000 | +€18,000 | |
| Trade receivables | 40 | €0 | €18,000 | +€18,000 | |
| Current investments | 50/53 | €249,999 | €175,999 | -€74,000 | -29.6% |
| Cash at bank and in hand | 54/58 | €520,316 | €676,370 | +€156,055 | +30.0% |
| Total equity and liabilities | 10/49 | €978,512 | €1,027,058 | +€48,546 | +5.0% |
| Equity | 10/15 | €936,935 | €1,000,470 | +€63,536 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €918,331 | €981,867 | +€63,536 | +6.9% |
| Non-distributable reserves | 130/1 | €23,350 | €23,350 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,350 | €0 | -€23,350 | -100.0% |
| Other | 1319 | - | €23,350 | +€23,350 | |
| Distributable reserves | 133 | €894,981 | €958,517 | +€63,536 | +7.1% |
| Profit (loss) carried forward | 14 | €4 | €4 | = | 0.0% |
| Amounts payable | 17/49 | €41,577 | €26,587 | -€14,990 | -36.1% |
| Amounts payable within one year | 42/48 | €41,577 | €26,587 | -€14,990 | -36.1% |
| Trade debts | 44 | €0 | €535 | +€535 | |
| Suppliers | 440/4 | €0 | €535 | +€535 | |
| Taxes, remuneration and social security | 45 | €38,578 | €20,178 | -€18,400 | -47.7% |
| Taxes | 450/3 | €38,578 | €20,178 | -€18,400 | -47.7% |
| Other amounts payable | 47/48 | €2,999 | €5,874 | +€2,876 | +95.9% |
| Non-recurring operating income | 76A | €217,792 | €15,548 | -€202,244 | -92.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,282 | €5,241 | -€6,041 | -53.5% |
| Other operating charges | 640/8 | €1,774 | €796 | -€978 | -55.1% |
| Gross operating margin | 9900 | €401,814 | €220,841 | -€180,973 | -45.0% |
| Operating profit (loss) | 9901 | €388,758 | €214,804 | -€173,953 | -44.7% |
| Financial income | 75/76B | €8,115 | €5,900 | -€2,215 | -27.3% |
| Recurring financial income | 75 | €8,115 | €5,900 | -€2,215 | -27.3% |
| Financial charges | 65/66B | €221 | €228 | +€7 | +3.0% |
| Recurring financial charges | 65 | €221 | €228 | +€7 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €396,652 | €220,477 | -€176,175 | -44.4% |
| Income taxes | 67/77 | €72,895 | €66,681 | -€6,214 | -8.5% |
| Profit (loss) for the period | 9904 | €323,756 | €153,796 | -€169,961 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €323,756 | €153,796 | -€169,961 | -52.5% |
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 10 October 2026 via checked.be.