J. STRICK: 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.
J. STRICK
Largest movements
- Cash -€60,965
down €60,965 (-72.4%), from €84,223 to €23,258
mainly Other debts (-€45,221) and Net result for the year (-€14,412)
- Receivables within one year +€7,474
up €7,474 (+16.5%), from €45,363 to €52,837
of which Trade receivables: +€7,474
- Stocks and contracts +€6,065
up €6,065 (+1.4%), from €425,626 to €431,691
- Other debts -€45,221
down €45,221 (-24.6%), from €183,456 to €138,235
- Trade debts +€16,486
up €16,486 (+494%), from €3,340 to €19,826
- Profit (loss) carried forward -€14,412
down €14,412 (-106%), from -€13,562 to -€27,974
- Tax, wage and social debts -€5,781
down €5,781 (-15.0%), from €38,460 to €32,679
of which Taxes: -€3,752
- Gross operating margin +€6,293
up €6,293 (+3.4%), from €187,746 to €194,039
- Staff costs +€4,798
up €4,798 (+2.6%), from €187,095 to €191,893
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 | €577,772 | €528,843 | -€48,928 | -8.5% |
| Fixed assets | 21/28 | €16,508 | €15,445 | -€1,063 | -6.4% |
| Tangible fixed assets | 22/27 | €16,508 | €15,445 | -€1,063 | -6.4% |
| Plant, machinery and equipment | 23 | €6,474 | €3,832 | -€2,643 | -40.8% |
| Furniture and vehicles | 24 | €7,171 | €5,163 | -€2,008 | -28.0% |
| Other tangible fixed assets | 26 | €2,863 | €6,450 | +€3,588 | +125% |
| Current assets | 29/58 | €561,264 | €513,398 | -€47,865 | -8.5% |
| Stocks and contracts in progress | 3 | €425,626 | €431,691 | +€6,065 | +1.4% |
| Stocks | 30/36 | €425,626 | €431,691 | +€6,065 | +1.4% |
| Amounts receivable within one year | 40/41 | €45,363 | €52,837 | +€7,474 | +16.5% |
| Trade receivables | 40 | €45,018 | €52,492 | +€7,474 | +16.6% |
| Other amounts receivable | 41 | €345 | €345 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €84,223 | €23,258 | -€60,965 | -72.4% |
| Deferred charges and accrued income | 490/1 | €6,051 | €5,612 | -€439 | -7.2% |
| Total equity and liabilities | 10/49 | €577,772 | €528,843 | -€48,928 | -8.5% |
| Equity | 10/15 | €352,515 | €338,103 | -€14,412 | -4.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €316,498 | €316,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,958 | €4,958 | = | 0.0% |
| Distributable reserves | 133 | €311,540 | €311,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,562 | -€27,974 | -€14,412 | -106% |
| Amounts payable | 17/49 | €225,257 | €190,740 | -€34,516 | -15.3% |
| Amounts payable within one year | 42/48 | €225,257 | €190,740 | -€34,516 | -15.3% |
| Trade debts | 44 | €3,340 | €19,826 | +€16,486 | +494% |
| Suppliers | 440/4 | €3,340 | €19,826 | +€16,486 | +494% |
| Taxes, remuneration and social security | 45 | €38,460 | €32,679 | -€5,781 | -15.0% |
| Taxes | 450/3 | €10,717 | €6,965 | -€3,752 | -35.0% |
| Remuneration and social security | 454/9 | €27,744 | €25,714 | -€2,030 | -7.3% |
| Other amounts payable | 47/48 | €183,456 | €138,235 | -€45,221 | -24.6% |
| Remuneration, social security and pensions | 62 | €187,095 | €191,893 | +€4,798 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,812 | €8,215 | +€1,403 | +20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,977 | €2,764 | -€213 | -7.2% |
| Other operating charges | 640/8 | €1,762 | €1,530 | -€231 | -13.1% |
| Gross operating margin | 9900 | €187,746 | €194,039 | +€6,293 | +3.4% |
| Operating profit (loss) | 9901 | -€10,901 | -€10,364 | +€537 | +4.9% |
| Financial income | 75/76B | €114 | €142 | +€28 | +24.1% |
| Recurring financial income | 75 | €114 | €142 | +€28 | +24.1% |
| Financial charges | 65/66B | €2,228 | €2,286 | +€58 | +2.6% |
| Recurring financial charges | 65 | €2,228 | €2,286 | +€58 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,015 | -€12,509 | +€506 | +3.9% |
| Income taxes | 67/77 | €547 | €1,903 | +€1,357 | +248% |
| Profit (loss) for the period | 9904 | -€13,562 | -€14,412 | -€850 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,562 | -€14,412 | -€850 | -6.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.