STRABO - THIRAN: 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.
STRABO - THIRAN
Largest movements
- Current investments +€101,246
new in 2025: €101,246
- Cash -€34,614
down €34,614 (-23.5%), from €147,182 to €112,568
mainly Current investments (-€101,246) and Investment in fixed assets (net) (-€83,408)
- Receivables within one year -€32,419
down €32,419 (-18.1%), from €178,943 to €146,524
of which Other amounts receivable: -€35,756
- Tangible fixed assets +€14,343
up €14,343 (+3.0%), from €482,584 to €496,927
of which Land and buildings: +€27,540
- Accrued charges and deferred income +€65,746
new in 2025: €65,746
- Reserves +€55,000
up €55,000 (+40.1%), from €137,160 to €192,160
- Other debts -€45,149
no longer reported in 2025 (was €45,149)
- Debts after one year -€29,933
down €29,933 (-10.9%), from €273,874 to €243,941
- Trade debts +€17,998
up €17,998 (+1,474%), from €1,221 to €19,219
- Turnover -€688,585
no longer reported in 2025 (was €688,585)
- Purchases and services -€423,766
no longer reported in 2025 (was €423,766)
- Gross operating margin -€37,782
down €37,782 (-14.3%), from €264,819 to €227,037
- Financial income -€30,001
down €30,001 (-100.0%), from €30,001 to €0
of which Non-recurring financial income: -€30,000
- Staff costs +€29,624
up €29,624 (+119%), from €24,808 to €54,432
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 | €817,460 | €872,855 | +€55,395 | +6.8% |
| Fixed assets | 21/28 | €483,049 | €497,102 | +€14,053 | +2.9% |
| Intangible fixed assets | 21 | €290 | - | -€290 | |
| Tangible fixed assets | 22/27 | €482,584 | €496,927 | +€14,343 | +3.0% |
| Land and buildings | 22 | €352,063 | €379,603 | +€27,540 | +7.8% |
| Plant, machinery and equipment | 23 | €46,766 | €34,340 | -€12,426 | -26.6% |
| Furniture and vehicles | 24 | €69,656 | €74,251 | +€4,595 | +6.6% |
| Other tangible fixed assets | 26 | €14,099 | €8,733 | -€5,366 | -38.1% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €334,411 | €375,754 | +€41,343 | +12.4% |
| Amounts receivable within one year | 40/41 | €178,943 | €146,524 | -€32,419 | -18.1% |
| Trade receivables | 40 | €4,663 | €8,000 | +€3,337 | +71.6% |
| Other amounts receivable | 41 | €174,280 | €138,524 | -€35,756 | -20.5% |
| Current investments | 50/53 | - | €101,246 | +€101,246 | |
| Cash at bank and in hand | 54/58 | €147,182 | €112,568 | -€34,614 | -23.5% |
| Deferred charges and accrued income | 490/1 | €8,286 | €15,415 | +€7,129 | +86.0% |
| Total equity and liabilities | 10/49 | €817,460 | €872,855 | +€55,395 | +6.8% |
| Equity | 10/15 | €387,879 | €446,645 | +€58,766 | +15.2% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | €137,160 | €192,160 | +€55,000 | +40.1% |
| Distributable reserves | 133 | €137,160 | €192,160 | +€55,000 | +40.1% |
| Profit (loss) carried forward | 14 | €235,319 | €239,085 | +€3,766 | +1.6% |
| Amounts payable | 17/49 | €429,581 | €426,210 | -€3,371 | -0.8% |
| Amounts payable after more than one year | 17 | €273,874 | €243,941 | -€29,933 | -10.9% |
| Financial debts | 170/4 | €273,874 | €243,941 | -€29,933 | -10.9% |
| Amounts payable within one year | 42/48 | €155,707 | €116,523 | -€39,184 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €41,736 | €29,933 | -€11,803 | -28.3% |
| Financial debts | 43 | - | €3,284 | +€3,284 | |
| Credit institutions | 430/8 | - | €3,284 | +€3,284 | |
| Trade debts | 44 | €1,221 | €19,219 | +€17,998 | +1,474% |
| Suppliers | 440/4 | €1,221 | €19,219 | +€17,998 | +1,474% |
| Taxes, remuneration and social security | 45 | €67,601 | €64,087 | -€3,514 | -5.2% |
| Taxes | 450/3 | €63,349 | €54,719 | -€8,630 | -13.6% |
| Remuneration and social security | 454/9 | €4,252 | €9,369 | +€5,117 | +120% |
| Other amounts payable | 47/48 | €45,149 | - | -€45,149 | |
| Accrued charges and deferred income | 492/3 | - | €65,746 | +€65,746 | |
| Turnover | 70 | €688,585 | - | -€688,585 | |
| Goods, raw materials, services and sundry goods | 60/61 | €423,766 | - | -€423,766 | |
| Remuneration, social security and pensions | 62 | €24,808 | €54,432 | +€29,624 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,463 | €69,356 | +€4,893 | +7.6% |
| Other operating charges | 640/8 | €2,517 | €1,376 | -€1,142 | -45.4% |
| Gross operating margin | 9900 | €264,819 | €227,037 | -€37,782 | -14.3% |
| Operating profit (loss) | 9901 | €173,031 | €101,874 | -€71,157 | -41.1% |
| Financial income | 75/76B | €30,001 | €0 | -€30,001 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -81.0% |
| Non-recurring financial income | 76B | €30,000 | - | -€30,000 | |
| Financial charges | 65/66B | €11,880 | €14,739 | +€2,859 | +24.1% |
| Recurring financial charges | 65 | €11,880 | €14,739 | +€2,859 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €191,152 | €87,135 | -€104,017 | -54.4% |
| Income taxes | 67/77 | €56,500 | €28,369 | -€28,131 | -49.8% |
| Profit (loss) for the period | 9904 | €134,652 | €58,766 | -€75,886 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,652 | €58,766 | -€75,886 | -56.4% |
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 14 October 2026 via checked.be.