H. VAN STRIEN: 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.
H. VAN STRIEN
Largest movements
- Receivables within one year -€50,381
down €50,381 (-29.2%), from €172,768 to €122,387
of which Trade receivables: -€31,323
- Tangible fixed assets -€29,560
down €29,560 (-45.6%), from €64,859 to €35,299
- Cash +€13,463
up €13,463 (+2.3%), from €596,109 to €609,572
mainly Receivables within one year (+€50,381) and Depreciation (+€29,560)
- Profit (loss) carried forward -€36,516
new in 2025: -€36,516
- Trade debts -€18,315
down €18,315 (-25.7%), from €71,263 to €52,948
- Tax, wage and social debts -€16,062
down €16,062 (-40.6%), from €39,590 to €23,527
- Taxes +€83,839
up €83,839 (+205.3%), from €40,845 to €124,684
- Gross operating margin -€60,226
down €60,226 (-33.3%), from €181,096 to €120,870
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 | €842,471 | €771,578 | -€70,893 | -8.4% |
| Fixed assets | 21/28 | €64,859 | €35,299 | -€29,560 | -45.6% |
| Tangible fixed assets | 22/27 | €64,859 | €35,299 | -€29,560 | -45.6% |
| Furniture and vehicles | 24 | €64,859 | €35,299 | -€29,560 | -45.6% |
| Current assets | 29/58 | €777,612 | €736,279 | -€41,333 | -5.3% |
| Amounts receivable within one year | 40/41 | €172,768 | €122,387 | -€50,381 | -29.2% |
| Trade receivables | 40 | €115,765 | €84,442 | -€31,323 | -27.1% |
| Other amounts receivable | 41 | €57,003 | €37,946 | -€19,058 | -33.4% |
| Current investments | 50/53 | €3,720 | €3,720 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €596,109 | €609,572 | +€13,463 | +2.3% |
| Deferred charges and accrued income | 490/1 | €5,015 | €600 | -€4,415 | -88.0% |
| Total equity and liabilities | 10/49 | €842,471 | €771,578 | -€70,893 | -8.4% |
| Equity | 10/15 | €731,618 | €695,103 | -€36,516 | -5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €4,172 | €4,172 | = | 0.0% |
| Reserves | 13 | €708,847 | €708,847 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €708,847 | €708,847 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€36,516 | -€36,516 | |
| Amounts payable | 17/49 | €110,853 | €76,475 | -€34,378 | -31.0% |
| Amounts payable within one year | 42/48 | €110,853 | €76,475 | -€34,378 | -31.0% |
| Trade debts | 44 | €71,263 | €52,948 | -€18,315 | -25.7% |
| Suppliers | 440/4 | €71,263 | €52,948 | -€18,315 | -25.7% |
| Taxes, remuneration and social security | 45 | €39,590 | €23,527 | -€16,062 | -40.6% |
| Taxes | 450/3 | €39,590 | €23,527 | -€16,062 | -40.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,500 | €500 | -€3,000 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,560 | €29,560 | = | 0.0% |
| Other operating charges | 640/8 | €2,625 | €2,440 | -€185 | -7.1% |
| Gross operating margin | 9900 | €181,096 | €120,870 | -€60,226 | -33.3% |
| Operating profit (loss) | 9901 | €148,911 | €88,870 | -€60,041 | -40.3% |
| Financial income | 75/76B | €0 | €1,384 | +€1,383 | +1383490.0% |
| Recurring financial income | 75 | €0 | €486 | +€486 | +485990.0% |
| Non-recurring financial income | 76B | - | €898 | +€898 | |
| Financial charges | 65/66B | €2,081 | €2,085 | +€4 | +0.2% |
| Recurring financial charges | 65 | €2,081 | €2,085 | +€4 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €146,829 | €88,168 | -€58,661 | -40.0% |
| Income taxes | 67/77 | €40,845 | €124,684 | +€83,839 | +205.3% |
| Profit (loss) for the period | 9904 | €105,985 | -€36,516 | -€142,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,985 | -€36,516 | -€142,500 |
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 1 October 2026 via checked.be.