HENRI STROOBANT - PHILIPPE LEVAQUE: what changed
HENRI STROOBANT - PHILIPPE LEVAQUE
Largest movements
- Receivables within one year +€38,905
up €38,905 (+38.9%), from €99,910 to €138,815
of which Trade receivables: +€30,984
- Current investments -€10,000
no longer reported in 2025 (was €10,000)
- Stocks and contracts -€7,650
down €7,650 (-64.9%), from €11,788 to €4,138
- Cash +€6,996
up €6,996 (+606%), from €1,155 to €8,151
mainly Net result for the year (+€47,648) and Tax, wage and social debts (+€15,489)
- Reserves +€47,124
new in 2025: €47,124
- Trade debts -€20,952
down €20,952 (-31.5%), from €66,521 to €45,569
- Current portion of long-term debt -€15,516
down €15,516 (-71.8%), from €21,602 to €6,086
- Tax, wage and social debts +€15,489
up €15,489 (+1,108%), from €1,398 to €16,887
of which Taxes: +€10,439
- Short-term financial debts +€8,245
up €8,245 (+47.8%), from €17,251 to €25,496
- Write-downs -€30,000
down €30,000 (-75.0%), from €40,000 to €10,000
- Gross operating margin +€27,668
up €27,668 (+38.2%), from €72,435 to €100,103
- Taxes -€8,550
down €8,550 (-48.7%), from €17,554 to €9,004
- Staff costs +€5,278
up €5,278 (+28.5%), from €18,531 to €23,809
- Financial charges -€2,921
down €2,921 (-33.3%), from €8,767 to €5,846
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 | €123,732 | €152,259 | +€28,527 | +23.1% |
| Fixed assets | 21/28 | €879 | €1,155 | +€276 | +31.4% |
| Tangible fixed assets | 22/27 | €879 | €1,155 | +€276 | +31.4% |
| Furniture and vehicles | 24 | €879 | €1,155 | +€276 | +31.4% |
| Current assets | 29/58 | €122,853 | €151,104 | +€28,251 | +23.0% |
| Stocks and contracts in progress | 3 | €11,788 | €4,138 | -€7,650 | -64.9% |
| Stocks | 30/36 | €11,788 | €4,138 | -€7,650 | -64.9% |
| Amounts receivable within one year | 40/41 | €99,910 | €138,815 | +€38,905 | +38.9% |
| Trade receivables | 40 | €55,445 | €86,429 | +€30,984 | +55.9% |
| Other amounts receivable | 41 | €44,465 | €52,386 | +€7,921 | +17.8% |
| Current investments | 50/53 | €10,000 | - | -€10,000 | |
| Cash at bank and in hand | 54/58 | €1,155 | €8,151 | +€6,996 | +606% |
| Total equity and liabilities | 10/49 | €123,732 | €152,259 | +€28,527 | +23.1% |
| Equity | 10/15 | €10,171 | €57,819 | +€47,648 | +468% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | - | €47,124 | +€47,124 | |
| Distributable reserves | 133 | - | €47,124 | +€47,124 | |
| Profit (loss) carried forward | 14 | -€8,421 | -€7,897 | +€524 | +6.2% |
| Amounts payable | 17/49 | €113,561 | €94,440 | -€19,121 | -16.8% |
| Amounts payable after more than one year | 17 | €6,789 | €402 | -€6,387 | -94.1% |
| Financial debts | 170/4 | €6,789 | €402 | -€6,387 | -94.1% |
| Amounts payable within one year | 42/48 | €106,772 | €94,038 | -€12,734 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €21,602 | €6,086 | -€15,516 | -71.8% |
| Financial debts | 43 | €17,251 | €25,496 | +€8,245 | +47.8% |
| Credit institutions | 430/8 | €17,251 | €25,496 | +€8,245 | +47.8% |
| Trade debts | 44 | €66,521 | €45,569 | -€20,952 | -31.5% |
| Suppliers | 440/4 | €66,521 | €45,569 | -€20,952 | -31.5% |
| Taxes, remuneration and social security | 45 | €1,398 | €16,887 | +€15,489 | +1,108% |
| Taxes | 450/3 | - | €10,439 | +€10,439 | |
| Remuneration and social security | 454/9 | €1,398 | €6,448 | +€5,050 | +361% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €18,531 | €23,809 | +€5,278 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €1,175 | +€296 | +33.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,000 | €10,000 | -€30,000 | -75.0% |
| Other operating charges | 640/8 | €1,335 | €2,623 | +€1,288 | +96.5% |
| Non-recurring operating charges | 66A | €24,278 | €0 | -€24,278 | -100% |
| Gross operating margin | 9900 | €72,435 | €100,103 | +€27,668 | +38.2% |
| Operating profit (loss) | 9901 | -€12,588 | €62,497 | +€75,085 | |
| Financial income | 75/76B | €1,292 | €1 | -€1,291 | -99.9% |
| Recurring financial income | 75 | €1,292 | €1 | -€1,291 | -99.9% |
| Financial charges | 65/66B | €8,767 | €5,846 | -€2,921 | -33.3% |
| Recurring financial charges | 65 | €8,767 | €5,846 | -€2,921 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,063 | €56,652 | +€76,715 | |
| Income taxes | 67/77 | €17,554 | €9,004 | -€8,550 | -48.7% |
| Profit (loss) for the period | 9904 | -€37,617 | €47,648 | +€85,265 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,617 | €47,648 | +€85,265 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.