STRACO AM: 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.
What changed
STRACO AM
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€593,899
2024 · -€9.7m+€10.3m
Equity
€240.9m
2024 · €240.3m+€593,899
Cash
€8.5m
2024 · €9.4m-€897,592
Balance sheet total
€460.2m
2024 · €396.9m+€63.3m
Largest movements
Assets
- Receivables within one year +€34.0m
up €34.0m (+1051.9%), from €3.2m to €37.3m
- Financial fixed assets +€29.8m
up €29.8m (+7.8%), from €382.3m to €412.0m
of which Affiliated companies: +€74.3m
Equity and liabilities
- Short-term financial debts +€74.1m
up €74.1m (+741.4%), from €10.0m to €84.1m
- Other debts -€15.1m
down €15.1m (-10.5%), from €144.0m to €129.0m
Income statement
- Financial income +€4.7m
up €4.7m (+45.3%), from €10.5m to €15.2m
of which Financial income: +€3.1m
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.
Result 2024
-€9.7m
Depreciation
+€36,962
Other operating charges
+€238,518
Other operating items
-€70,793
Financial income
+€4.7m
Financial charges
+€4.4m
Taxes
+€943,037
Result 2025
€593,899
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.
From operations
-€45.3m
Investment
-€29.8m
Financing
+€74.1m
Cash 2024
€9.4m
From operations (derived)
-€45.3m
Net result for the year
+€593,899
Receivables within one year
-€34.0m
Deferred charges and accrued income
-€429,721
Trade debts
+€20,789
Tax, wage and social debts
-€899,494
Other debts
-€15.1m
Accrued charges and deferred income
+€4.6m
Investment (derived)
-€29.8m
Investment in fixed assets (net)
-€29.8m
Financing
+€74.1m
Short-term financial debts
+€74.1m
Cash 2025
€8.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,891,311 | €460,241,116 | +€63.3m | +16.0% |
| Fixed assets | 21/28 | €382,264,490 | €412,032,415 | +€29.8m | +7.8% |
| Financial fixed assets | 28 | €382,264,490 | €412,032,415 | +€29.8m | +7.8% |
| Affiliated companies | 280/1 | €239,570,559 | €313,823,484 | +€74.3m | +31.0% |
| Participating interests | 280 | €195,830,628 | €246,671,905 | +€50.8m | +26.0% |
| Amounts receivable | 281 | €43,739,931 | €67,151,579 | +€23.4m | +53.5% |
| Companies linked by participating interests | 282/3 | €86,696,935 | €86,696,935 | = | 0.0% |
| Participating interests | 282 | €86,696,935 | €86,696,935 | = | 0.0% |
| Other financial fixed assets | 284/8 | €55,996,996 | €11,511,997 | -€44.5m | -79.4% |
| Shares | 284 | €55,996,996 | €11,511,997 | -€44.5m | -79.4% |
| Current assets | 29/58 | €14,626,822 | €48,208,701 | +€33.6m | +229.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,237,111 | €37,286,861 | +€34.0m | +1051.9% |
| Other amounts receivable | 41 | €3,237,111 | €37,286,861 | +€34.0m | +1051.9% |
| Current investments | 50/53 | €1,999,999 | €1,999,999 | = | 0.0% |
| Other investments | 51/53 | €1,999,999 | €1,999,999 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,389,694 | €8,492,102 | -€897,592 | -9.6% |
| Deferred charges and accrued income | 490/1 | €18 | €429,739 | +€429,721 | +2440212.7% |
| Total equity and liabilities | 10/49 | €396,891,311 | €460,241,116 | +€63.3m | +16.0% |
| Equity | 10/15 | €240,296,311 | €240,890,210 | +€593,899 | +0.2% |
| Contributions | 10/11 | €250,000,000 | €250,000,000 | = | 0.0% |
| Capital | 10 | €250,000,000 | €250,000,000 | = | 0.0% |
| Issued capital | 100 | €250,000,000 | €250,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,703,689 | -€9,109,790 | +€593,899 | +6.1% |
| Amounts payable | 17/49 | €156,595,000 | €219,350,906 | +€62.8m | +40.1% |
| Amounts payable within one year | 42/48 | €156,382,129 | €214,553,659 | +€58.2m | +37.2% |
| Financial debts | 43 | €10,000,000 | €84,140,000 | +€74.1m | +741.4% |
| Credit institutions | 430/8 | €10,000,000 | €84,140,000 | +€74.1m | +741.4% |
| Trade debts | 44 | €270,681 | €291,470 | +€20,789 | +7.7% |
| Suppliers | 440/4 | €270,681 | €291,470 | +€20,789 | +7.7% |
| Taxes, remuneration and social security | 45 | €2,064,000 | €1,164,506 | -€899,494 | -43.6% |
| Taxes | 450/3 | €2,064,000 | €1,164,506 | -€899,494 | -43.6% |
| Other amounts payable | 47/48 | €144,047,449 | €128,957,683 | -€15.1m | -10.5% |
| Accrued charges and deferred income | 492/3 | €212,870 | €4,797,247 | +€4.6m | +2153.6% |
| Operating income | 70/76A | €431,719 | €0 | -€431,719 | -100.0% |
| Other operating income | 74 | €431,719 | €0 | -€431,719 | -100.0% |
| Operating charges | 60/66A | €1,064,703 | €428,298 | -€636,405 | -59.8% |
| Services and other goods | 61 | €730,343 | €369,417 | -€360,926 | -49.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,962 | €0 | -€36,962 | -100.0% |
| Other operating charges | 640/8 | €297,398 | €58,881 | -€238,518 | -80.2% |
| Operating profit (loss) | 9901 | -€632,984 | -€428,298 | +€204,686 | +32.3% |
| Financial income | 75/76B | €10,467,839 | €15,208,552 | +€4.7m | +45.3% |
| Recurring financial income | 75 | €10,058,398 | €13,122,816 | +€3.1m | +30.5% |
| Income from financial fixed assets | 750 | €822,427 | €701,865 | -€120,561 | -14.7% |
| Income from current assets | 751 | €613,533 | €2,471,600 | +€1.9m | +302.8% |
| Other financial income | 752/9 | €8,622,438 | €9,949,351 | +€1.3m | +15.4% |
| Non-recurring financial income | 76B | €409,441 | €2,085,736 | +€1.7m | +409.4% |
| Financial charges | 65/66B | €17,250,218 | €12,841,067 | -€4.4m | -25.6% |
| Recurring financial charges | 65 | €13,613,065 | €10,023,515 | -€3.6m | -26.4% |
| Debt charges | 650 | €737,764 | €5,325,615 | +€4.6m | +621.9% |
| Other financial charges | 652/9 | €12,875,301 | €4,697,900 | -€8.2m | -63.5% |
| Non-recurring financial charges | 66B | €3,637,154 | €2,817,552 | -€819,602 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,415,364 | €1,939,187 | +€9.4m | |
| Income taxes | 67/77 | €2,288,325 | €1,345,288 | -€943,037 | -41.2% |
| Taxes | 670/3 | €2,288,325 | €1,345,288 | -€943,037 | -41.2% |
| Profit (loss) for the period | 9904 | -€9,703,689 | €593,899 | +€10.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,703,689 | €593,899 | +€10.3m |
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 3 October 2026 via checked.be.