STRACO INVESTMENTS: 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.
What changed
STRACO INVESTMENTS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€244,186
2024 · €5.6m-€5.3m
Equity
€512.0m
2024 · €511.7m+€244,186
Cash
€985,318
2024 · €24.5m-€23.5m
Balance sheet total
€519.4m
2024 · €519.9m-€460,521
Largest movements
Assets
- Cash -€23.5m
down €23.5m (-96.0%), from €24.5m to €985,318
mainly Current investments (-€11.6m) and Investment in fixed assets (net) (-€10.0m)
- Current investments +€11.6m
up €11.6m (+15,774%), from €73,468 to €11.7m
- Financial fixed assets +€10.0m
up €10.0m (+2.5%), from €391.9m to €401.9m
of which Other financial fixed assets: +€5.7m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€32.0m
down €32.0m (-82.7%), from €38.7m to €6.7m
of which Non-recurring financial income: -€21.2m
- Financial charges -€25.1m
down €25.1m (-83.3%), from €30.1m to €5.0m
of which Non-recurring financial charges: -€23.7m
- Taxes -€1.0m
down €1.0m (-54.2%), from €1.9m to €849,350
of which Taxes: -€861,486
- Services and other goods -€196,642
down €196,642 (-16.5%), from €1.2m to €994,986
- Staff costs -€165,025
down €165,025 (-27.9%), from €591,484 to €426,459
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
€5.6m
Turnover
+€25,927
Other operating income
+€68,163
Services and other goods
+€196,642
Staff costs
+€165,025
Depreciation
+€15,235
Other operating charges
+€113,832
Other operating items
+€5,508
Financial income
-€32.0m
Financial charges
+€25.1m
Taxes
+€1.0m
Result 2025
€244,186
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€2.0m
Investment
-€21.6m
Financing
€0
Cash 2024
€24.5m
From operations (derived)
-€2.0m
Net result for the year
+€244,186
Depreciation
+€31,553
Receivables after one year
-€31,989
Receivables within one year
+€1.7m
Deferred charges and accrued income
-€3.2m
Trade debts
-€133,335
Tax, wage and social debts
-€831,709
Other debts
+€99,943
Accrued charges and deferred income
+€160,395
Investment (derived)
-€21.6m
Investment in fixed assets (net)
-€10.0m
Current investments
-€11.6m
Cash 2025
€985,318
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €519,903,796 | €519,443,275 | -€460,521 | -0.1% |
| Fixed assets | 21/28 | €391,988,696 | €401,949,140 | +€10.0m | +2.5% |
| Intangible fixed assets | 21 | €6,196 | €1,863 | -€4,333 | -69.9% |
| Tangible fixed assets | 22/27 | €69,088 | €44,458 | -€24,630 | -35.7% |
| Furniture and vehicles | 24 | €69,088 | €44,458 | -€24,630 | -35.7% |
| Financial fixed assets | 28 | €391,913,411 | €401,902,819 | +€10.0m | +2.5% |
| Affiliated companies | 280/1 | €314,338,934 | €318,611,087 | +€4.3m | +1.4% |
| Participating interests | 280 | €276,248,934 | €279,663,073 | +€3.4m | +1.2% |
| Amounts receivable | 281 | €38,090,000 | €38,948,014 | +€858,014 | +2.3% |
| Other financial fixed assets | 284/8 | €77,574,477 | €83,291,732 | +€5.7m | +7.4% |
| Shares | 284 | €77,570,770 | €83,288,025 | +€5.7m | +7.4% |
| Amounts receivable and cash guarantees | 285/8 | €3,707 | €3,707 | = | 0.0% |
| Current assets | 29/58 | €127,915,100 | €117,494,135 | -€10.4m | -8.1% |
| Amounts receivable after more than one year | 29 | €2,251,367 | €2,283,355 | +€31,989 | +1.4% |
| Other amounts receivable | 291 | €2,251,367 | €2,283,355 | +€31,989 | +1.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €99,649,685 | €97,918,816 | -€1.7m | -1.7% |
| Trade receivables | 40 | €877,323 | €1,001,022 | +€123,698 | +14.1% |
| Other amounts receivable | 41 | €98,772,362 | €96,917,795 | -€1.9m | -1.9% |
| Current investments | 50/53 | €73,468 | €11,662,097 | +€11.6m | +15,774% |
| Other investments | 51/53 | €73,468 | €11,662,097 | +€11.6m | +15,774% |
| Cash at bank and in hand | 54/58 | €24,518,906 | €985,318 | -€23.5m | -96.0% |
| Deferred charges and accrued income | 490/1 | €1,421,674 | €4,644,547 | +€3.2m | +227% |
| Total equity and liabilities | 10/49 | €519,903,796 | €519,443,275 | -€460,521 | -0.1% |
| Equity | 10/15 | €511,745,443 | €511,989,629 | +€244,186 | 0.0% |
| Contributions | 10/11 | €86,702,396 | €86,702,396 | = | 0.0% |
| Reserves | 13 | €417,779,188 | €418,779,185 | +€999,997 | +0.2% |
| Non-distributable reserves | 130/1 | €6 | €6 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6 | €6 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,234,592 | €3,083,480 | +€848,888 | +38.0% |
| Distributable reserves | 133 | €415,544,590 | €415,695,700 | +€151,109 | 0.0% |
| Profit (loss) carried forward | 14 | €7,263,859 | €6,508,048 | -€755,811 | -10.4% |
| Amounts payable | 17/49 | €8,158,353 | €7,453,646 | -€704,707 | -8.6% |
| Amounts payable within one year | 42/48 | €8,069,433 | €7,204,331 | -€865,101 | -10.7% |
| Trade debts | 44 | €830,790 | €697,455 | -€133,335 | -16.0% |
| Suppliers | 440/4 | €830,790 | €697,455 | -€133,335 | -16.0% |
| Taxes, remuneration and social security | 45 | €1,310,723 | €479,014 | -€831,709 | -63.5% |
| Taxes | 450/3 | €1,275,000 | €438,641 | -€836,359 | -65.6% |
| Remuneration and social security | 454/9 | €35,723 | €40,373 | +€4,650 | +13.0% |
| Other amounts payable | 47/48 | €5,927,920 | €6,027,862 | +€99,943 | +1.7% |
| Accrued charges and deferred income | 492/3 | €88,920 | €249,315 | +€160,395 | +180% |
| Operating income | 70/76A | €849,321 | €949,384 | +€100,063 | +11.8% |
| Turnover | 70 | €831,827 | €857,753 | +€25,927 | +3.1% |
| Other operating income | 74 | €17,495 | €85,658 | +€68,163 | +390% |
| Non-recurring operating income | 76A | - | €5,973 | +€5,973 | |
| Operating charges | 60/66A | €1,987,914 | €1,497,645 | -€490,269 | -24.7% |
| Services and other goods | 61 | €1,191,629 | €994,986 | -€196,642 | -16.5% |
| Remuneration, social security and pensions | 62 | €591,484 | €426,459 | -€165,025 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,788 | €31,553 | -€15,235 | -32.6% |
| Other operating charges | 640/8 | €158,012 | €44,181 | -€113,832 | -72.0% |
| Non-recurring operating charges | 66A | - | €465 | +€465 | |
| Operating profit (loss) | 9901 | -€1,138,592 | -€548,260 | +€590,332 | +51.8% |
| Financial income | 75/76B | €38,672,056 | €6,677,607 | -€32.0m | -82.7% |
| Recurring financial income | 75 | €17,472,390 | €6,677,607 | -€10.8m | -61.8% |
| Income from financial fixed assets | 750 | €1,131,860 | €1,966,973 | +€835,113 | +73.8% |
| Income from current assets | 751 | €15,641,600 | €4,644,124 | -€11.0m | -70.3% |
| Other financial income | 752/9 | €698,929 | €66,511 | -€632,419 | -90.5% |
| Non-recurring financial income | 76B | €21,199,666 | €0 | -€21.2m | -100% |
| Financial charges | 65/66B | €30,120,748 | €5,035,811 | -€25.1m | -83.3% |
| Recurring financial charges | 65 | €2,843,429 | €1,494,004 | -€1.3m | -47.5% |
| Debt charges | 650 | €60,714 | €210,223 | +€149,509 | +246% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€366,155 | €237,033 | +€603,188 | |
| Other financial charges | 652/9 | €3,148,870 | €1,046,749 | -€2.1m | -66.8% |
| Non-recurring financial charges | 66B | €27,277,319 | €3,541,806 | -€23.7m | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €7,412,715 | €1,093,536 | -€6.3m | -85.2% |
| Income taxes | 67/77 | €1,852,555 | €849,350 | -€1.0m | -54.2% |
| Taxes | 670/3 | €1,852,555 | €991,069 | -€861,486 | -46.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €141,719 | +€141,719 | |
| Profit (loss) for the period | 9904 | €5,560,161 | €244,186 | -€5.3m | -95.6% |
| Transfer to tax-exempt reserves | 689 | - | €999,997 | +€999,997 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,560,161 | -€755,811 | -€6.3m |
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 21 October 2026 via checked.be.