Elek Stroobant: 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.
Elek Stroobant
Largest movements
- Tangible fixed assets +€8,375
up €8,375 (+850.1%), from €985 to €9,360
- Cash +€6,484
up €6,484 (+289.4%), from €2,240 to €8,724
mainly Debts after one year (+€5,434) and Receivables within one year (+€3,331)
- Receivables within one year -€3,331
down €3,331 (-17.4%), from €19,177 to €15,845
of which Trade receivables: -€4,893
- Stocks and contracts -€1,460
down €1,460 (-5.1%), from €28,875 to €27,415
of which Contracts in progress: -€900
- Deferred charges and accrued income +€1,153
new in 2025: €1,153
- Debts after one year +€5,434
up €5,434 (+19.4%), from €28,000 to €33,434
- Trade debts +€2,376
up €2,376 (+20.7%), from €11,502 to €13,878
- Current portion of long-term debt +€2,244
new in 2025: €2,244
- Profit (loss) carried forward +€2,179
up €2,179 (+12.6%), from -€17,227 to -€15,049
- Other debts -€1,059
down €1,059 (-23.1%), from €4,587 to €3,529
- Gross operating margin +€5,507
up €5,507 (+403.7%), from €1,364 to €6,872
- Depreciation +€1,437
up €1,437 (+270.7%), from €531 to €1,968
- Financial charges +€782
up €782 (+88.6%), from €883 to €1,664
- Other operating charges +€162
up €162 (+19.0%), from €853 to €1,015
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 | €51,327 | €62,547 | +€11,220 | +21.9% |
| Fixed assets | 21/28 | €1,035 | €9,409 | +€8,375 | +809.4% |
| Tangible fixed assets | 22/27 | €985 | €9,360 | +€8,375 | +850.1% |
| Furniture and vehicles | 24 | €985 | €9,360 | +€8,375 | +850.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €50,292 | €53,137 | +€2,845 | +5.7% |
| Stocks and contracts in progress | 3 | €28,875 | €27,415 | -€1,460 | -5.1% |
| Stocks | 30/36 | €12,775 | €12,215 | -€560 | -4.4% |
| Contracts in progress | 37 | €16,100 | €15,200 | -€900 | -5.6% |
| Amounts receivable within one year | 40/41 | €19,177 | €15,845 | -€3,331 | -17.4% |
| Trade receivables | 40 | €18,891 | €13,998 | -€4,893 | -25.9% |
| Other amounts receivable | 41 | €286 | €1,847 | +€1,561 | +545.2% |
| Cash at bank and in hand | 54/58 | €2,240 | €8,724 | +€6,484 | +289.4% |
| Deferred charges and accrued income | 490/1 | - | €1,153 | +€1,153 | |
| Total equity and liabilities | 10/49 | €51,327 | €62,547 | +€11,220 | +21.9% |
| Equity | 10/15 | €3,233 | €5,411 | +€2,179 | +67.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,227 | -€15,049 | +€2,179 | +12.6% |
| Amounts payable | 17/49 | €48,094 | €57,136 | +€9,042 | +18.8% |
| Amounts payable after more than one year | 17 | €28,000 | €33,434 | +€5,434 | +19.4% |
| Financial debts | 170/4 | €28,000 | €33,434 | +€5,434 | +19.4% |
| Amounts payable within one year | 42/48 | €18,594 | €22,202 | +€3,608 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,244 | +€2,244 | |
| Trade debts | 44 | €11,502 | €13,878 | +€2,376 | +20.7% |
| Suppliers | 440/4 | €11,502 | €13,878 | +€2,376 | +20.7% |
| Taxes, remuneration and social security | 45 | €2,505 | €2,551 | +€46 | +1.8% |
| Taxes | 450/3 | €206 | €236 | +€29 | +14.2% |
| Remuneration and social security | 454/9 | €2,299 | €2,316 | +€17 | +0.7% |
| Other amounts payable | 47/48 | €4,587 | €3,529 | -€1,059 | -23.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €12,069 | +€12,069 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €531 | €1,968 | +€1,437 | +270.7% |
| Other operating charges | 640/8 | €853 | €1,015 | +€162 | +19.0% |
| Gross operating margin | 9900 | €1,364 | €6,872 | +€5,507 | +403.7% |
| Operating profit (loss) | 9901 | -€19 | €3,889 | +€3,908 | |
| Financial charges | 65/66B | €883 | €1,664 | +€782 | +88.6% |
| Recurring financial charges | 65 | €883 | €1,664 | +€782 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | -€902 | €2,225 | +€3,127 | |
| Income taxes | 67/77 | - | €46 | +€46 | |
| Profit (loss) for the period | 9904 | -€902 | €2,179 | +€3,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€902 | €2,179 | +€3,080 |
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.