STRABEL: 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.
STRABEL
Largest movements
- Current investments +€99,715
up €99,715 (+34926.5%), from €286 to €100,001
- Cash -€30,791
down €30,791 (-62.7%), from €49,120 to €18,329
mainly Contributions, distributions and other (-€300,000) and Current investments (-€99,715)
- Tangible fixed assets +€8,558
up €8,558 (+103.6%), from €8,262 to €16,820
- Receivables within one year -€4,806
down €4,806 (-60.6%), from €7,936 to €3,130
- Other debts +€31,063
up €31,063 (+84.4%), from €36,811 to €67,873
- Reserves +€28,336
up €28,336 (+143.5%), from €19,743 to €48,079
- Tax, wage and social debts +€11,476
up €11,476 (+765.0%), from €1,500 to €12,976
of which Taxes: +€11,476
- Trade debts +€1,522
up €1,522 (+68.3%), from €2,230 to €3,752
- Gross operating margin +€100,875
up €100,875 (+31.7%), from €318,202 to €419,077
- Taxes +€33,452
up €33,452 (+42.9%), from €78,023 to €111,476
- Financial income -€22,940
down €22,940 (-47.4%), from €48,377 to €25,437
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 | €78,884 | €151,280 | +€72,396 | +91.8% |
| Fixed assets | 21/28 | €21,542 | €29,820 | +€8,278 | +38.4% |
| Intangible fixed assets | 21 | €280 | - | -€280 | |
| Tangible fixed assets | 22/27 | €8,262 | €16,820 | +€8,558 | +103.6% |
| Furniture and vehicles | 24 | €8,262 | €16,820 | +€8,558 | +103.6% |
| Financial fixed assets | 28 | €13,000 | €13,000 | = | 0.0% |
| Current assets | 29/58 | €57,342 | €121,460 | +€64,118 | +111.8% |
| Amounts receivable within one year | 40/41 | €7,936 | €3,130 | -€4,806 | -60.6% |
| Other amounts receivable | 41 | €7,936 | €3,130 | -€4,806 | -60.6% |
| Current investments | 50/53 | €286 | €100,001 | +€99,715 | +34926.5% |
| Cash at bank and in hand | 54/58 | €49,120 | €18,329 | -€30,791 | -62.7% |
| Total equity and liabilities | 10/49 | €78,884 | €151,280 | +€72,396 | +91.8% |
| Equity | 10/15 | €38,343 | €66,679 | +€28,336 | +73.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,743 | €48,079 | +€28,336 | +143.5% |
| Distributable reserves | 133 | €19,743 | €48,079 | +€28,336 | +143.5% |
| Amounts payable | 17/49 | €40,541 | €84,601 | +€44,061 | +108.7% |
| Amounts payable within one year | 42/48 | €40,541 | €84,601 | +€44,061 | +108.7% |
| Trade debts | 44 | €2,230 | €3,752 | +€1,522 | +68.3% |
| Suppliers | 440/4 | €2,230 | €3,752 | +€1,522 | +68.3% |
| Taxes, remuneration and social security | 45 | €1,500 | €12,976 | +€11,476 | +765.0% |
| Taxes | 450/3 | - | €11,476 | +€11,476 | |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €36,811 | €67,873 | +€31,063 | +84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,645 | €2,291 | +€646 | +39.3% |
| Other operating charges | 640/8 | €514 | €1,167 | +€654 | +127.3% |
| Gross operating margin | 9900 | €318,202 | €419,077 | +€100,875 | +31.7% |
| Operating profit (loss) | 9901 | €316,044 | €415,619 | +€99,575 | +31.5% |
| Financial income | 75/76B | €48,377 | €25,437 | -€22,940 | -47.4% |
| Recurring financial income | 75 | €48,377 | €25,437 | -€22,940 | -47.4% |
| Financial charges | 65/66B | €180 | €1,245 | +€1,065 | +590.5% |
| Recurring financial charges | 65 | €180 | €1,245 | +€1,065 | +590.5% |
| Profit (loss) for the period before taxes | 9903 | €364,241 | €439,811 | +€75,571 | +20.7% |
| Income taxes | 67/77 | €78,023 | €111,476 | +€33,452 | +42.9% |
| Profit (loss) for the period | 9904 | €286,217 | €328,336 | +€42,119 | +14.7% |
| Transfer from tax-exempt reserves | 789 | €200,000 | - | -€200,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €486,217 | €328,336 | -€157,881 | -32.5% |
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 8 October 2026 via checked.be.