Eric Strebelle: what changed
Two fiscal 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.
Eric Strebelle
Largest movements
- Cash +€22,715
up €22,715 (+24.1%), from €94,317 to €117,031
mainly Net result for the year (+€17,424) and Tax, wage and social debts (+€7,900)
- Receivables within one year +€7,732
up €7,732 (+195.3%), from €3,958 to €11,690
of which Other amounts receivable: +€4,555
- Tangible fixed assets -€6,355
down €6,355 (-47.2%), from €13,476 to €7,121
of which Furniture and vehicles: -€5,877
- Deferred charges and accrued income -€2,500
no longer reported in 2025 (was €2,500)
- Reserves +€20,000
up €20,000 (+55.6%), from €36,000 to €56,000
- Tax, wage and social debts +€7,900
up €7,900 (+141.2%), from €5,597 to €13,497
of which Taxes: +€9,009
- Trade debts -€2,831
down €2,831 (-76.9%), from €3,682 to €852
- Profit (loss) carried forward -€2,576
down €2,576 (-3.8%), from €67,700 to €65,124
- Turnover -€218,632
no longer reported in 2025 (was €218,632)
- Purchases and services -€139,084
no longer reported in 2025 (was €139,084)
- Gross operating margin -€18,828
down €18,828 (-22.6%), from €83,177 to €64,349
- Staff costs +€4,915
up €4,915 (+23.0%), from €21,353 to €26,268
- Taxes -€4,491
down €4,491 (-32.4%), from €13,866 to €9,375
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 | €117,238 | €139,472 | +€22,234 | +19.0% |
| Fixed assets | 21/28 | €13,839 | €7,484 | -€6,355 | -45.9% |
| Tangible fixed assets | 22/27 | €13,476 | €7,121 | -€6,355 | -47.2% |
| Furniture and vehicles | 24 | €9,344 | €3,467 | -€5,877 | -62.9% |
| Other tangible fixed assets | 26 | €4,132 | €3,654 | -€478 | -11.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €103,399 | €131,989 | +€28,589 | +27.6% |
| Stocks and contracts in progress | 3 | €2,624 | €3,268 | +€643 | +24.5% |
| Stocks | 30/36 | €2,624 | €3,268 | +€643 | +24.5% |
| Amounts receivable within one year | 40/41 | €3,958 | €11,690 | +€7,732 | +195.3% |
| Trade receivables | 40 | €3,958 | €7,135 | +€3,177 | +80.3% |
| Other amounts receivable | 41 | - | €4,555 | +€4,555 | |
| Cash at bank and in hand | 54/58 | €94,317 | €117,031 | +€22,715 | +24.1% |
| Deferred charges and accrued income | 490/1 | €2,500 | - | -€2,500 | |
| Total equity and liabilities | 10/49 | €117,238 | €139,472 | +€22,234 | +19.0% |
| Equity | 10/15 | €107,700 | €125,124 | +€17,424 | +16.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €36,000 | €56,000 | +€20,000 | +55.6% |
| Distributable reserves | 133 | €36,000 | €56,000 | +€20,000 | +55.6% |
| Profit (loss) carried forward | 14 | €67,700 | €65,124 | -€2,576 | -3.8% |
| Amounts payable | 17/49 | €9,539 | €14,348 | +€4,810 | +50.4% |
| Amounts payable within one year | 42/48 | €9,539 | €14,348 | +€4,810 | +50.4% |
| Trade debts | 44 | €3,682 | €852 | -€2,831 | -76.9% |
| Suppliers | 440/4 | €3,682 | €852 | -€2,831 | -76.9% |
| Taxes, remuneration and social security | 45 | €5,597 | €13,497 | +€7,900 | +141.2% |
| Taxes | 450/3 | €2,375 | €11,384 | +€9,009 | +379.4% |
| Remuneration and social security | 454/9 | €3,222 | €2,113 | -€1,109 | -34.4% |
| Other amounts payable | 47/48 | €259 | - | -€259 | |
| Turnover | 70 | €218,632 | - | -€218,632 | |
| Goods, raw materials, services and sundry goods | 60/61 | €139,084 | - | -€139,084 | |
| Remuneration, social security and pensions | 62 | €21,353 | €26,268 | +€4,915 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,307 | €7,491 | -€2,816 | -27.3% |
| Other operating charges | 640/8 | €3,845 | €3,663 | -€182 | -4.7% |
| Gross operating margin | 9900 | €83,177 | €64,349 | -€18,828 | -22.6% |
| Operating profit (loss) | 9901 | €47,672 | €26,926 | -€20,745 | -43.5% |
| Financial charges | 65/66B | €240 | €127 | -€114 | -47.3% |
| Recurring financial charges | 65 | €240 | €127 | -€114 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €47,431 | €26,799 | -€20,632 | -43.5% |
| Income taxes | 67/77 | €13,866 | €9,375 | -€4,491 | -32.4% |
| Profit (loss) for the period | 9904 | €33,565 | €17,424 | -€16,141 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,565 | €17,424 | -€16,141 | -48.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.