SB STRAT: 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.
SB STRAT
Largest movements
- Current investments +€116,940
up €116,940 (+57.1%), from €204,752 to €321,692
- Cash -€9,125
down €9,125 (-24.7%), from €36,954 to €27,829
mainly Current investments (-€116,940) and Trade debts (-€4,568)
- Reserves +€95,254
up €95,254 (+57.0%), from €167,120 to €262,374
- Other debts +€12,171
up €12,171 (+19.8%), from €61,598 to €73,770
- Tax, wage and social debts +€6,258
up €6,258 (+17.6%), from €35,461 to €41,719
- Trade debts -€4,568
down €4,568 (-98.0%), from €4,661 to €94
- Gross operating margin +€17,837
up €17,837 (+16.4%), from €108,720 to €126,557
- Financial charges +€4,766
up €4,766 (+113%), from €4,199 to €8,966
- Financial income +€4,064
up €4,064 (+176%), from €2,307 to €6,371
- Taxes -€2,571
down €2,571 (-8.5%), from €30,343 to €27,773
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 | €269,090 | €378,207 | +€109,116 | +40.6% |
| Fixed assets | 21/28 | €0 | €3,652 | +€3,652 | |
| Tangible fixed assets | 22/27 | €0 | €3,652 | +€3,652 | |
| Plant, machinery and equipment | 23 | - | €3,652 | +€3,652 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €269,090 | €374,554 | +€105,464 | +39.2% |
| Amounts receivable within one year | 40/41 | €19,881 | €19,466 | -€415 | -2.1% |
| Trade receivables | 40 | €19,881 | €19,466 | -€415 | -2.1% |
| Current investments | 50/53 | €204,752 | €321,692 | +€116,940 | +57.1% |
| Cash at bank and in hand | 54/58 | €36,954 | €27,829 | -€9,125 | -24.7% |
| Deferred charges and accrued income | 490/1 | €7,503 | €5,567 | -€1,936 | -25.8% |
| Total equity and liabilities | 10/49 | €269,090 | €378,207 | +€109,116 | +40.6% |
| Equity | 10/15 | €167,370 | €262,624 | +€95,254 | +56.9% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €167,120 | €262,374 | +€95,254 | +57.0% |
| Distributable reserves | 133 | €167,120 | €262,374 | +€95,254 | +57.0% |
| Amounts payable | 17/49 | €101,720 | €115,582 | +€13,862 | +13.6% |
| Amounts payable within one year | 42/48 | €101,720 | €115,582 | +€13,862 | +13.6% |
| Trade debts | 44 | €4,661 | €94 | -€4,568 | -98.0% |
| Suppliers | 440/4 | €4,661 | €94 | -€4,568 | -98.0% |
| Taxes, remuneration and social security | 45 | €35,461 | €41,719 | +€6,258 | +17.6% |
| Taxes | 450/3 | €35,461 | €41,719 | +€6,258 | +17.6% |
| Other amounts payable | 47/48 | €61,598 | €73,770 | +€12,171 | +19.8% |
| Non-recurring operating income | 76A | €2,430 | €0 | -€2,430 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €422 | +€422 | |
| Other operating charges | 640/8 | €949 | €513 | -€436 | -45.9% |
| Gross operating margin | 9900 | €108,720 | €126,557 | +€17,837 | +16.4% |
| Operating profit (loss) | 9901 | €107,770 | €125,622 | +€17,852 | +16.6% |
| Financial income | 75/76B | €2,307 | €6,371 | +€4,064 | +176% |
| Recurring financial income | 75 | €2,307 | €6,371 | +€4,064 | +176% |
| Financial charges | 65/66B | €4,199 | €8,966 | +€4,766 | +113% |
| Recurring financial charges | 65 | €4,199 | €8,966 | +€4,766 | +113% |
| Profit (loss) for the period before taxes | 9903 | €105,878 | €123,027 | +€17,149 | +16.2% |
| Income taxes | 67/77 | €30,343 | €27,773 | -€2,571 | -8.5% |
| Profit (loss) for the period | 9904 | €75,534 | €95,254 | +€19,720 | +26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,534 | €95,254 | +€19,720 | +26.1% |
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 19 October 2026 via checked.be.