HERMAN STRAGIER: 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.
HERMAN STRAGIER
Largest movements
- Tangible fixed assets -€14,051
down €14,051 (-7.5%), from €187,675 to €173,624
of which Land and buildings: -€13,396
- Current investments -€5,063
down €5,063 (-10.0%), from €50,625 to €45,563
- Cash +€4,801
up €4,801 (+51.5%), from €9,316 to €14,117
mainly Depreciation (+€14,051) and Current investments (+€5,063)
- Reserves -€8,250
down €8,250 (-4.6%), from €180,799 to €172,549
of which Tax-exempt reserves: -€8,250
- Provisions -€4,250
down €4,250 (-8.3%), from €51,000 to €46,750
- Financial income +€2,599
up €2,599 (+1,146%), from €227 to €2,825
- Other operating charges +€1,715
up €1,715 (+97.0%), from €1,769 to €3,484
- Gross operating margin -€342
down €342 (-12.7%), from €2,689 to €2,347
- Depreciation +€199
up €199 (+1.4%), from €13,852 to €14,051
- Taxes -€136
down €136, from €68 to -€68
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.
Derived cash bridge
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 | €248,736 | €235,315 | -€13,422 | -5.4% |
| Fixed assets | 21/28 | €187,675 | €173,624 | -€14,051 | -7.5% |
| Tangible fixed assets | 22/27 | €187,675 | €173,624 | -€14,051 | -7.5% |
| Land and buildings | 22 | €185,193 | €171,797 | -€13,396 | -7.2% |
| Plant, machinery and equipment | 23 | €149 | - | -€149 | |
| Furniture and vehicles | 24 | €2,333 | €1,826 | -€506 | -21.7% |
| Current assets | 29/58 | €61,062 | €61,691 | +€629 | +1.0% |
| Amounts receivable within one year | 40/41 | €1,121 | €2,012 | +€891 | +79.5% |
| Trade receivables | 40 | €1,121 | €1,356 | +€235 | +21.0% |
| Other amounts receivable | 41 | - | €656 | +€656 | |
| Current investments | 50/53 | €50,625 | €45,563 | -€5,063 | -10.0% |
| Cash at bank and in hand | 54/58 | €9,316 | €14,117 | +€4,801 | +51.5% |
| Total equity and liabilities | 10/49 | €248,736 | €235,315 | -€13,422 | -5.4% |
| Equity | 10/15 | €185,386 | €177,234 | -€8,152 | -4.4% |
| Contributions | 10/11 | €38,500 | €38,500 | = | 0.0% |
| Reserves | 13 | €180,799 | €172,549 | -€8,250 | -4.6% |
| Non-distributable reserves | 130/1 | €3,850 | €3,850 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,850 | €3,850 | = | 0.0% |
| Tax-exempt reserves | 132 | €174,250 | €166,000 | -€8,250 | -4.7% |
| Distributable reserves | 133 | €2,699 | €2,699 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,913 | -€33,815 | +€98 | +0.3% |
| Provisions and deferred taxes | 16 | €51,000 | €46,750 | -€4,250 | -8.3% |
| Deferred taxes | 168 | €51,000 | €46,750 | -€4,250 | -8.3% |
| Amounts payable | 17/49 | €12,350 | €11,330 | -€1,020 | -8.3% |
| Amounts payable within one year | 42/48 | €12,350 | €11,330 | -€1,020 | -8.3% |
| Trade debts | 44 | €855 | €893 | +€38 | +4.4% |
| Suppliers | 440/4 | €855 | €893 | +€38 | +4.4% |
| Taxes, remuneration and social security | 45 | €180 | €655 | +€475 | +264% |
| Taxes | 450/3 | €180 | €655 | +€475 | +264% |
| Other amounts payable | 47/48 | €11,315 | €9,782 | -€1,533 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,852 | €14,051 | +€199 | +1.4% |
| Other operating charges | 640/8 | €1,769 | €3,484 | +€1,715 | +97.0% |
| Gross operating margin | 9900 | €2,689 | €2,347 | -€342 | -12.7% |
| Operating profit (loss) | 9901 | -€12,931 | -€15,188 | -€2,257 | -17.5% |
| Financial income | 75/76B | €227 | €2,825 | +€2,599 | +1,146% |
| Recurring financial income | 75 | €227 | €2,825 | +€2,599 | +1,146% |
| Financial charges | 65/66B | €233 | €107 | -€126 | -54.0% |
| Recurring financial charges | 65 | €233 | €107 | -€126 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,937 | -€12,470 | +€468 | +3.6% |
| Transfer from deferred taxes | 780 | €4,250 | €4,250 | = | 0.0% |
| Income taxes | 67/77 | €68 | -€68 | -€136 | |
| Profit (loss) for the period | 9904 | -€8,755 | -€8,152 | +€604 | +6.9% |
| Transfer from tax-exempt reserves | 789 | €8,250 | €8,250 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€505 | €98 | +€604 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.