STRACO RE: 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 RE
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€6.9m
2024 · €14.7m-€7.8m
Equity
€438.2m
2024 · €431.3m+€6.9m
Cash
€167,113
2024 · €3.3m-€3.2m
Balance sheet total
€540.5m
2024 · €502.1m+€38.4m
Largest movements
Assets
- Financial fixed assets +€33.4m
up €33.4m (+9.1%), from €365.6m to €399.1m
of which Affiliated companies: +€25.4m
- Tangible fixed assets +€7.0m
up €7.0m (+5.6%), from €124.4m to €131.4m
of which Land and buildings: +€5.7m
Equity and liabilities
- Other debts +€30.5m
up €30.5m (+48.9%), from €62.4m to €92.9m
- Profit (loss) carried forward +€6.9m
up €6.9m (+53.5%), from €12.9m to €19.8m
Income statement
- Financial income -€11.0m
down €11.0m (-48.0%), from €22.9m to €11.9m
of which Financial income: -€11.0m
- Other operating income -€3.8m
down €3.8m (-31.3%), from €12.3m to €8.4m
- Services and other goods -€2.9m
down €2.9m (-38.5%), from €7.6m to €4.7m
- Taxes -€2.2m
down €2.2m (-74.9%), from €3.0m to €742,507
of which Taxes: -€2.2m
- Depreciation -€2.1m
down €2.1m (-33.0%), from €6.5m to €4.3m
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
€14.7m
Turnover
-€213,991
Other operating income
-€3.8m
Goods and materials
+€507
Services and other goods
+€2.9m
Staff costs
-€218,134
Depreciation
+€2.1m
Write-downs
-€26,411
Other operating charges
+€652,359
Other operating items
-€1.2m
Financial income
-€11.0m
Financial charges
-€279,740
Taxes
+€2.2m
Deferred taxes and other
+€1.0m
Result 2025
€6.9m
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
+€41.6m
Investment
-€44.8m
Financing
€0
Cash 2024
€3.3m
From operations (derived)
+€41.6m
Net result for the year
+€6.9m
Depreciation
+€4.3m
Receivables after one year
-€210,957
Receivables within one year
+€3.2m
Deferred charges and accrued income
-€4.1m
Provisions
-€91,792
Trade debts
-€243,514
Tax, wage and social debts
-€1.5m
Other debts
+€30.5m
Accrued charges and deferred income
+€2.8m
Investment (derived)
-€44.8m
Investment in fixed assets (net)
-€44.8m
Cash 2025
€167,113
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €502,125,217 | €540,512,237 | +€38.4m | +7.6% |
| Fixed assets | 21/28 | €490,030,230 | €530,491,924 | +€40.5m | +8.3% |
| Tangible fixed assets | 22/27 | €124,411,576 | €131,439,289 | +€7.0m | +5.6% |
| Land and buildings | 22 | €120,783,043 | €126,457,781 | +€5.7m | +4.7% |
| Plant, machinery and equipment | 23 | €78,319 | €64,555 | -€13,763 | -17.6% |
| Furniture and vehicles | 24 | €1,449,186 | €2,580,474 | +€1.1m | +78.1% |
| Other tangible fixed assets | 26 | €2,101,028 | €2,336,479 | +€235,451 | +11.2% |
| Financial fixed assets | 28 | €365,618,655 | €399,052,635 | +€33.4m | +9.1% |
| Affiliated companies | 280/1 | €310,845,592 | €336,215,362 | +€25.4m | +8.2% |
| Participating interests | 280 | €159,113,500 | €172,332,445 | +€13.2m | +8.3% |
| Amounts receivable | 281 | €151,732,092 | €163,882,917 | +€12.2m | +8.0% |
| Companies linked by participating interests | 282/3 | €50,146,204 | €57,371,847 | +€7.2m | +14.4% |
| Participating interests | 282 | €36,643,661 | €35,456,874 | -€1.2m | -3.2% |
| Amounts receivable | 283 | €13,502,543 | €21,914,973 | +€8.4m | +62.3% |
| Other financial fixed assets | 284/8 | €4,626,859 | €5,465,426 | +€838,567 | +18.1% |
| Shares | 284 | €4,626,859 | €5,465,426 | +€838,567 | +18.1% |
| Current assets | 29/58 | €12,094,987 | €10,020,313 | -€2.1m | -17.2% |
| Amounts receivable after more than one year | 29 | €653,338 | €864,295 | +€210,957 | +32.3% |
| Other amounts receivable | 291 | €653,338 | €864,295 | +€210,957 | +32.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,056,739 | €4,826,630 | -€3.2m | -40.1% |
| Trade receivables | 40 | €6,945,354 | €2,797,474 | -€4.1m | -59.7% |
| Other amounts receivable | 41 | €1,111,385 | €2,029,155 | +€917,770 | +82.6% |
| Cash at bank and in hand | 54/58 | €3,345,888 | €167,113 | -€3.2m | -95.0% |
| Deferred charges and accrued income | 490/1 | €39,022 | €4,162,276 | +€4.1m | +10566.5% |
| Total equity and liabilities | 10/49 | €502,125,217 | €540,512,237 | +€38.4m | +7.6% |
| Equity | 10/15 | €431,311,698 | €438,201,778 | +€6.9m | +1.6% |
| Contributions | 10/11 | €71,621,209 | €71,621,209 | = | 0.0% |
| Reserves | 13 | €346,773,525 | €346,747,515 | -€26,010 | 0.0% |
| Non-distributable reserves | 130/1 | €5 | €5 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5 | €5 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,380,319 | €3,354,309 | -€26,010 | -0.8% |
| Distributable reserves | 133 | €343,393,201 | €343,393,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,916,964 | €19,833,054 | +€6.9m | +53.5% |
| Provisions and deferred taxes | 16 | €2,803,412 | €2,711,619 | -€91,792 | -3.3% |
| Deferred taxes | 168 | €2,803,412 | €2,711,619 | -€91,792 | -3.3% |
| Amounts payable | 17/49 | €68,010,108 | €99,598,840 | +€31.6m | +46.4% |
| Amounts payable within one year | 42/48 | €67,066,258 | €95,821,327 | +€28.8m | +42.9% |
| Trade debts | 44 | €2,969,880 | €2,726,366 | -€243,514 | -8.2% |
| Suppliers | 440/4 | €2,969,880 | €2,726,366 | -€243,514 | -8.2% |
| Taxes, remuneration and social security | 45 | €1,723,187 | €225,022 | -€1.5m | -86.9% |
| Taxes | 450/3 | €1,698,286 | €196,407 | -€1.5m | -88.4% |
| Remuneration and social security | 454/9 | €24,900 | €28,615 | +€3,715 | +14.9% |
| Other amounts payable | 47/48 | €62,373,191 | €92,869,939 | +€30.5m | +48.9% |
| Accrued charges and deferred income | 492/3 | €943,850 | €3,777,513 | +€2.8m | +300.2% |
| Operating income | 70/76A | €18,074,653 | €9,583,681 | -€8.5m | -47.0% |
| Turnover | 70 | €1,359,595 | €1,145,603 | -€213,991 | -15.7% |
| Other operating income | 74 | €12,275,010 | €8,438,077 | -€3.8m | -31.3% |
| Non-recurring operating income | 76A | €4,440,048 | €0 | -€4.4m | -100.0% |
| Operating charges | 60/66A | €20,023,935 | €11,344,690 | -€8.7m | -43.3% |
| Goods for resale, raw materials and consumables | 60 | €507 | €0 | -€507 | -100.0% |
| Change in stocks: decrease (increase) | 609 | €507 | €0 | -€507 | -100.0% |
| Services and other goods | 61 | €7,596,627 | €4,673,571 | -€2.9m | -38.5% |
| Remuneration, social security and pensions | 62 | €758,094 | €976,227 | +€218,134 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,450,133 | €4,323,981 | -€2.1m | -33.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,581 | €58,992 | +€26,411 | +81.1% |
| Other operating charges | 640/8 | €1,295,046 | €642,687 | -€652,359 | -50.4% |
| Non-recurring operating charges | 66A | €3,890,947 | €669,232 | -€3.2m | -82.8% |
| Operating profit (loss) | 9901 | -€1,949,282 | -€1,761,009 | +€188,273 | +9.7% |
| Financial income | 75/76B | €22,882,764 | €11,893,555 | -€11.0m | -48.0% |
| Recurring financial income | 75 | €22,882,764 | €11,891,371 | -€11.0m | -48.0% |
| Income from financial fixed assets | 750 | €4,800,000 | €5,246,113 | +€446,113 | +9.3% |
| Income from current assets | 751 | €17,993,984 | €6,644,688 | -€11.3m | -63.1% |
| Other financial income | 752/9 | €88,781 | €570 | -€88,211 | -99.4% |
| Non-recurring financial income | 76B | - | €2,184 | +€2,184 | |
| Financial charges | 65/66B | €2,312,012 | €2,591,752 | +€279,740 | +12.1% |
| Recurring financial charges | 65 | €1,323,777 | €2,409,752 | +€1.1m | +82.0% |
| Debt charges | 650 | €1,316,532 | €2,403,893 | +€1.1m | +82.6% |
| Other financial charges | 652/9 | €7,245 | €5,859 | -€1,386 | -19.1% |
| Non-recurring financial charges | 66B | €988,235 | €182,000 | -€806,235 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €18,621,470 | €7,540,795 | -€11.1m | -59.5% |
| Transfer from deferred taxes | 780 | €135,943 | €91,792 | -€44,150 | -32.5% |
| Transfer to deferred taxes | 680 | €1,080,249 | €0 | -€1.1m | -100.0% |
| Income taxes | 67/77 | €2,961,239 | €742,507 | -€2.2m | -74.9% |
| Taxes | 670/3 | €2,961,239 | €742,507 | -€2.2m | -74.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €14,715,924 | €6,890,080 | -€7.8m | -53.2% |
| Transfer from tax-exempt reserves | 789 | €34,465 | €26,010 | -€8,455 | -24.5% |
| Transfer to tax-exempt reserves | 689 | €3,240,748 | €0 | -€3.2m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,509,641 | €6,916,090 | -€4.6m | -39.9% |
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 6 October 2026 via checked.be.