STRAATSBURGDOK: 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.
STRAATSBURGDOK
Largest movements
- Current investments -€1.2m
down €1.2m (-43.0%), from €2.8m to €1.6m
- Tangible fixed assets +€1.1m
up €1.1m (+30.3%), from €3.6m to €4.7m
of which Other tangible fixed assets: +€1.1m
- Cash -€1.1m
down €1.1m (-60.3%), from €1.8m to €697,967
mainly Other debts (-€2.1m) and Investment in fixed assets (net) (-€1.8m)
- Other debts -€2.1m
down €2.1m (-100.0%), from €2.1m to €468
- Profit (loss) carried forward +€1.6m
up €1.6m (+51.1%), from €3.2m to €4.8m
- Tax, wage and social debts -€700,924
down €700,924 (-78.8%), from €889,994 to €189,071
- Reserves +€421,000
up €421,000 (+2,716%), from €15,500 to €436,500
of which Tax-exempt reserves: +€421,000
- Debts after one year -€304,282
down €304,282 (-23.5%), from €1.3m to €988,718
of which Financial debts: -€304,282
- Gross operating margin +€179,518
up €179,518 (+5.2%), from €3.5m to €3.7m
- Depreciation +€112,668
up €112,668 (+18.9%), from €596,604 to €709,271
- Financial income -€65,521
down €65,521 (-78.4%), from €83,562 to €18,041
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 | €8,996,702 | €7,754,628 | -€1.2m | -13.8% |
| Fixed assets | 21/28 | €3,593,495 | €4,681,157 | +€1.1m | +30.3% |
| Tangible fixed assets | 22/27 | €3,593,445 | €4,681,107 | +€1.1m | +30.3% |
| Plant, machinery and equipment | 23 | €5,877 | €4,186 | -€1,691 | -28.8% |
| Other tangible fixed assets | 26 | €3,587,568 | €4,676,922 | +€1.1m | +30.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €5,403,208 | €3,073,471 | -€2.3m | -43.1% |
| Stocks and contracts in progress | 3 | €29,975 | €13,870 | -€16,105 | -53.7% |
| Stocks | 30/36 | €29,975 | €13,870 | -€16,105 | -53.7% |
| Amounts receivable within one year | 40/41 | €474,286 | €478,759 | +€4,473 | +0.9% |
| Trade receivables | 40 | €474,286 | €478,759 | +€4,473 | +0.9% |
| Current investments | 50/53 | €2,812,166 | €1,601,912 | -€1.2m | -43.0% |
| Cash at bank and in hand | 54/58 | €1,756,552 | €697,967 | -€1.1m | -60.3% |
| Deferred charges and accrued income | 490/1 | €330,228 | €280,963 | -€49,264 | -14.9% |
| Total equity and liabilities | 10/49 | €8,996,702 | €7,754,628 | -€1.2m | -13.8% |
| Equity | 10/15 | €3,394,374 | €5,432,113 | +€2.0m | +60.0% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Capital | 10 | €155,000 | €155,000 | = | 0.0% |
| Issued capital | 100 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | €15,500 | €436,500 | +€421,000 | +2,716% |
| Non-distributable reserves | 130/1 | €15,500 | €15,500 | = | 0.0% |
| Legal reserve | 130 | €15,500 | €15,500 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €421,000 | +€421,000 | |
| Profit (loss) carried forward | 14 | €3,173,028 | €4,795,843 | +€1.6m | +51.1% |
| Investment grants | 15 | €50,846 | €44,770 | -€6,076 | -11.9% |
| Amounts payable | 17/49 | €5,602,328 | €2,322,515 | -€3.3m | -58.5% |
| Amounts payable after more than one year | 17 | €1,293,000 | €988,718 | -€304,282 | -23.5% |
| Financial debts | 170/4 | €1,114,500 | €810,218 | -€304,282 | -27.3% |
| Other amounts payable | 178/9 | €178,500 | €178,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,775,407 | €769,344 | -€3.0m | -79.6% |
| Current portion of amounts payable after more than one year | 42 | €301,179 | €304,282 | +€3,104 | +1.0% |
| Trade debts | 44 | €520,214 | €275,523 | -€244,691 | -47.0% |
| Suppliers | 440/4 | €520,214 | €275,523 | -€244,691 | -47.0% |
| Taxes, remuneration and social security | 45 | €889,994 | €189,071 | -€700,924 | -78.8% |
| Taxes | 450/3 | €889,994 | €189,071 | -€700,924 | -78.8% |
| Other amounts payable | 47/48 | €2,064,020 | €468 | -€2.1m | -100.0% |
| Accrued charges and deferred income | 492/3 | €533,921 | €564,453 | +€30,532 | +5.7% |
| Non-recurring operating income | 76A | €691 | €0 | -€691 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596,604 | €709,271 | +€112,668 | +18.9% |
| Other operating charges | 640/8 | €200,618 | €212,818 | +€12,200 | +6.1% |
| Gross operating margin | 9900 | €3,478,175 | €3,657,693 | +€179,518 | +5.2% |
| Operating profit (loss) | 9901 | €2,680,954 | €2,735,604 | +€54,650 | +2.0% |
| Financial income | 75/76B | €83,562 | €18,041 | -€65,521 | -78.4% |
| Recurring financial income | 75 | €83,562 | €18,041 | -€65,521 | -78.4% |
| Financial charges | 65/66B | €44,403 | €38,952 | -€5,451 | -12.3% |
| Recurring financial charges | 65 | €44,403 | €38,952 | -€5,451 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €2,720,113 | €2,714,694 | -€5,420 | -0.2% |
| Income taxes | 67/77 | €678,026 | €670,880 | -€7,146 | -1.1% |
| Profit (loss) for the period | 9904 | €2,042,088 | €2,043,814 | +€1,727 | +0.1% |
| Transfer to tax-exempt reserves | 689 | - | €421,000 | +€421,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,042,088 | €1,622,814 | -€419,273 | -20.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.