Matthias Strobbe: 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.
Matthias Strobbe
Largest movements
- Receivables after one year +€7,004
up €7,004 (+56.0%), from €12,500 to €19,504
- Cash +€5,068
up €5,068 (+15.8%), from €32,094 to €37,161
mainly Net result for the year (+€18,430) and Depreciation (+€1,219)
- Receivables within one year +€2,790
up €2,790 (+95.9%), from €2,910 to €5,700
- Tangible fixed assets -€1,219
down €1,219 (-40.6%), from €3,005 to €1,787
- Financial fixed assets +€1,000
new in 2025: €1,000
- Reserves +€18,430
up €18,430 (+46.9%), from €39,315 to €57,745
- Tax, wage and social debts -€2,014
down €2,014 (-27.3%), from €7,368 to €5,354
- Other debts -€1,938
down €1,938 (-100.0%), from €1,938 to €0
- Trade debts +€1,131
up €1,131 (+114.8%), from €986 to €2,117
- Gross operating margin -€26,051
down €26,051 (-50.5%), from €51,562 to €25,511
- Taxes -€4,780
down €4,780 (-43.5%), from €10,979 to €6,199
- Financial income +€923
up €923 (+366.9%), from €252 to €1,175
- Depreciation +€568
up €568 (+87.2%), from €651 to €1,219
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 | €50,607 | €66,216 | +€15,608 | +30.8% |
| Fixed assets | 21/28 | €3,005 | €2,787 | -€219 | -7.3% |
| Tangible fixed assets | 22/27 | €3,005 | €1,787 | -€1,219 | -40.6% |
| Furniture and vehicles | 24 | €3,005 | €1,787 | -€1,219 | -40.6% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €47,602 | €63,429 | +€15,827 | +33.2% |
| Amounts receivable after more than one year | 29 | €12,500 | €19,504 | +€7,004 | +56.0% |
| Other amounts receivable | 291 | €12,500 | €19,504 | +€7,004 | +56.0% |
| Amounts receivable within one year | 40/41 | €2,910 | €5,700 | +€2,790 | +95.9% |
| Trade receivables | 40 | €2,910 | €5,700 | +€2,790 | +95.9% |
| Cash at bank and in hand | 54/58 | €32,094 | €37,161 | +€5,068 | +15.8% |
| Deferred charges and accrued income | 490/1 | €98 | €1,063 | +€965 | +985.0% |
| Total equity and liabilities | 10/49 | €50,607 | €66,216 | +€15,608 | +30.8% |
| Equity | 10/15 | €40,315 | €58,745 | +€18,430 | +45.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €39,315 | €57,745 | +€18,430 | +46.9% |
| Distributable reserves | 133 | €39,315 | €57,745 | +€18,430 | +46.9% |
| Amounts payable | 17/49 | €10,292 | €7,471 | -€2,821 | -27.4% |
| Amounts payable within one year | 42/48 | €10,292 | €7,471 | -€2,821 | -27.4% |
| Trade debts | 44 | €986 | €2,117 | +€1,131 | +114.8% |
| Suppliers | 440/4 | €986 | €2,117 | +€1,131 | +114.8% |
| Taxes, remuneration and social security | 45 | €7,368 | €5,354 | -€2,014 | -27.3% |
| Taxes | 450/3 | €7,368 | €5,354 | -€2,014 | -27.3% |
| Other amounts payable | 47/48 | €1,938 | €0 | -€1,938 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €651 | €1,219 | +€568 | +87.2% |
| Gross operating margin | 9900 | €51,562 | €25,511 | -€26,051 | -50.5% |
| Operating profit (loss) | 9901 | €50,911 | €24,292 | -€26,619 | -52.3% |
| Financial income | 75/76B | €252 | €1,175 | +€923 | +366.9% |
| Recurring financial income | 75 | €252 | €1,175 | +€923 | +366.9% |
| Financial charges | 65/66B | €869 | €838 | -€31 | -3.5% |
| Recurring financial charges | 65 | €869 | €838 | -€31 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €50,294 | €24,629 | -€25,665 | -51.0% |
| Income taxes | 67/77 | €10,979 | €6,199 | -€4,780 | -43.5% |
| Profit (loss) for the period | 9904 | €39,315 | €18,430 | -€20,885 | -53.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,315 | €18,430 | -€20,885 | -53.1% |
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 11 October 2026 via checked.be.