IGNACE STRAGIER: 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.
What changed
IGNACE STRAGIER
NACE 43.320, Joinery installation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€21,107
2024 · €2,655-€23,762
Equity
€45,782
2024 · €66,889-€21,107
Cash
€39,690
2024 · €38,927+€763
Balance sheet total
€188,484
2024 · €224,591-€36,108
Largest movements
Assets
- Tangible fixed assets -€31,450
down €31,450 (-19.0%), from €165,861 to €134,411
of which Plant, machinery and equipment: -€20,325
- Receivables within one year -€5,973
down €5,973 (-94.7%), from €6,306 to €333
of which Trade receivables: -€5,714
Equity and liabilities
- Profit (loss) carried forward -€20,659
down €20,659 (-683.3%), from -€3,024 to -€23,682
- Debts after one year -€19,155
down €19,155 (-15.4%), from €124,279 to €105,124
- Trade debts +€4,000
up €4,000 (+130.4%), from €3,068 to €7,068
- Tax, wage and social debts +€2,395
up €2,395 (+68.6%), from €3,490 to €5,885
of which Taxes: +€2,395
Income statement
- Gross operating margin -€24,795
down €24,795 (-59.3%), from €41,846 to €17,051
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.
Result 2024
€2,655
Gross operating margin
-€24,795
Depreciation
+€364
Other operating charges
+€345
Other operating items
+€330
Financial income
-€412
Financial charges
+€418
Taxes
-€12
Result 2025
-€21,107
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.
From operations
+€22,240
Investment
-€1,950
Financing
-€19,527
Cash 2024
€38,927
From operations (derived)
+€22,240
Net result for the year
-€21,107
Depreciation
+€33,400
Stocks and contracts
-€969
Receivables within one year
+€5,973
Deferred charges and accrued income
+€416
Provisions
-€231
Trade debts
+€4,000
Tax, wage and social debts
+€2,395
Other debts
-€1,638
Investment (derived)
-€1,950
Investment in fixed assets (net)
-€1,950
Financing
-€19,527
Debts after one year
-€19,155
Current portion of long-term debt
-€372
Cash 2025
€39,690
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,591 | €188,484 | -€36,108 | -16.1% |
| Fixed assets | 21/28 | €165,861 | €134,411 | -€31,450 | -19.0% |
| Tangible fixed assets | 22/27 | €165,861 | €134,411 | -€31,450 | -19.0% |
| Land and buildings | 22 | €111,474 | €99,473 | -€12,001 | -10.8% |
| Plant, machinery and equipment | 23 | €53,383 | €33,058 | -€20,325 | -38.1% |
| Furniture and vehicles | 24 | €1,003 | €1,880 | +€876 | +87.3% |
| Current assets | 29/58 | €58,731 | €54,073 | -€4,658 | -7.9% |
| Stocks and contracts in progress | 3 | €11,391 | €12,359 | +€969 | +8.5% |
| Stocks | 30/36 | €11,391 | €10,982 | -€408 | -3.6% |
| Contracts in progress | 37 | €0 | €1,377 | +€1,377 | |
| Amounts receivable within one year | 40/41 | €6,306 | €333 | -€5,973 | -94.7% |
| Trade receivables | 40 | €6,021 | €308 | -€5,714 | -94.9% |
| Other amounts receivable | 41 | €284 | €25 | -€259 | -91.1% |
| Cash at bank and in hand | 54/58 | €38,927 | €39,690 | +€763 | +2.0% |
| Deferred charges and accrued income | 490/1 | €2,107 | €1,691 | -€416 | -19.7% |
| Total equity and liabilities | 10/49 | €224,591 | €188,484 | -€36,108 | -16.1% |
| Equity | 10/15 | €66,889 | €45,782 | -€21,107 | -31.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €38,913 | €38,465 | -€448 | -1.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,310 | €2,862 | -€448 | -13.5% |
| Distributable reserves | 133 | €35,603 | €35,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,024 | -€23,682 | -€20,659 | -683.3% |
| Provisions and deferred taxes | 16 | €1,704 | €1,474 | -€231 | -13.5% |
| Deferred taxes | 168 | €1,704 | €1,474 | -€231 | -13.5% |
| Amounts payable | 17/49 | €155,998 | €141,228 | -€14,770 | -9.5% |
| Amounts payable after more than one year | 17 | €124,279 | €105,124 | -€19,155 | -15.4% |
| Financial debts | 170/4 | €124,279 | €105,124 | -€19,155 | -15.4% |
| Amounts payable within one year | 42/48 | €30,909 | €35,294 | +€4,384 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €19,527 | €19,155 | -€372 | -1.9% |
| Trade debts | 44 | €3,068 | €7,068 | +€4,000 | +130.4% |
| Suppliers | 440/4 | €3,068 | €7,068 | +€4,000 | +130.4% |
| Taxes, remuneration and social security | 45 | €3,490 | €5,885 | +€2,395 | +68.6% |
| Taxes | 450/3 | €2,277 | €4,672 | +€2,395 | +105.2% |
| Remuneration and social security | 454/9 | €1,213 | €1,213 | = | 0.0% |
| Other amounts payable | 47/48 | €4,825 | €3,186 | -€1,638 | -34.0% |
| Accrued charges and deferred income | 492/3 | €810 | €810 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,765 | €33,400 | -€364 | -1.1% |
| Other operating charges | 640/8 | €2,859 | €2,515 | -€345 | -12.0% |
| Non-recurring operating charges | 66A | €330 | €0 | -€330 | -100.0% |
| Gross operating margin | 9900 | €41,846 | €17,051 | -€24,795 | -59.3% |
| Operating profit (loss) | 9901 | €4,892 | -€18,864 | -€23,756 | |
| Financial income | 75/76B | €966 | €554 | -€412 | -42.6% |
| Recurring financial income | 75 | €966 | €554 | -€412 | -42.6% |
| Financial charges | 65/66B | €3,177 | €2,759 | -€418 | -13.2% |
| Recurring financial charges | 65 | €3,177 | €2,759 | -€418 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €2,681 | -€21,069 | -€23,750 | |
| Transfer from deferred taxes | 780 | €231 | €231 | = | 0.0% |
| Income taxes | 67/77 | €256 | €269 | +€12 | +4.8% |
| Profit (loss) for the period | 9904 | €2,655 | -€21,107 | -€23,762 | |
| Transfer from tax-exempt reserves | 789 | €448 | €448 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,103 | -€20,659 | -€23,762 |
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 7 October 2026 via checked.be.