STRADEC: 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.
STRADEC
Largest movements
- Tangible fixed assets -€22,089
down €22,089 (-50.8%), from €43,513 to €21,424
of which Leasing and similar rights: -€15,650
- Receivables within one year -€20,978
down €20,978 (-28.6%), from €73,299 to €52,321
of which Trade receivables: -€17,167
- Cash +€10,600
up €10,600 (+7.9%), from €133,825 to €144,425
mainly Receivables within one year (+€20,978) and Depreciation (+€17,234)
- Provisions -€15,013
down €15,013 (-100%), from €15,013 to €0
- Debts after one year -€13,184
down €13,184 (-4.8%), from €273,799 to €260,615
- Write-downs +€17,167
new in 2025: €17,167
- Provisions -€15,013
new in 2025: -€15,013
- Depreciation -€4,334
down €4,334 (-20.1%), from €21,568 to €17,234
- Taxes -€2,779
down €2,779 (-37.9%), from €7,338 to €4,559
- Financial income -€1,302
down €1,302 (-22.4%), from €5,816 to €4,514
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 | €589,918 | €555,824 | -€34,094 | -5.8% |
| Fixed assets | 21/28 | €43,603 | €21,514 | -€22,089 | -50.7% |
| Tangible fixed assets | 22/27 | €43,513 | €21,424 | -€22,089 | -50.8% |
| Furniture and vehicles | 24 | €6,940 | €500 | -€6,440 | -92.8% |
| Leasing and similar rights | 25 | €36,573 | €20,923 | -€15,650 | -42.8% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €546,315 | €534,310 | -€12,005 | -2.2% |
| Amounts receivable after more than one year | 29 | €330,748 | €332,055 | +€1,307 | +0.4% |
| Other amounts receivable | 291 | €330,748 | €332,055 | +€1,307 | +0.4% |
| Amounts receivable within one year | 40/41 | €73,299 | €52,321 | -€20,978 | -28.6% |
| Trade receivables | 40 | €68,869 | €51,702 | -€17,167 | -24.9% |
| Other amounts receivable | 41 | €4,430 | €618 | -€3,811 | -86.0% |
| Cash at bank and in hand | 54/58 | €133,825 | €144,425 | +€10,600 | +7.9% |
| Deferred charges and accrued income | 490/1 | €8,444 | €5,510 | -€2,934 | -34.7% |
| Total equity and liabilities | 10/49 | €589,918 | €555,824 | -€34,094 | -5.8% |
| Equity | 10/15 | €256,581 | €256,685 | +€104 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €250,381 | €250,485 | +€104 | 0.0% |
| Distributable reserves | 133 | €250,381 | €250,485 | +€104 | 0.0% |
| Provisions and deferred taxes | 16 | €15,013 | €0 | -€15,013 | -100% |
| Provisions for liabilities and charges | 160/5 | €15,013 | €0 | -€15,013 | -100% |
| Pensions and similar obligations | 160 | €15,013 | €0 | -€15,013 | -100% |
| Amounts payable | 17/49 | €318,324 | €299,138 | -€19,186 | -6.0% |
| Amounts payable after more than one year | 17 | €273,799 | €260,615 | -€13,184 | -4.8% |
| Financial debts | 170/4 | €273,799 | €260,615 | -€13,184 | -4.8% |
| Amounts payable within one year | 42/48 | €40,984 | €34,730 | -€6,254 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €15,745 | €16,442 | +€697 | +4.4% |
| Trade debts | 44 | €3,931 | €322 | -€3,609 | -91.8% |
| Suppliers | 440/4 | €3,931 | €322 | -€3,609 | -91.8% |
| Taxes, remuneration and social security | 45 | €21,308 | €16,817 | -€4,491 | -21.1% |
| Taxes | 450/3 | €21,308 | €16,817 | -€4,491 | -21.1% |
| Other amounts payable | 47/48 | - | €1,149 | +€1,149 | |
| Accrued charges and deferred income | 492/3 | €3,541 | €3,794 | +€252 | +7.1% |
| Non-recurring operating income | 76A | €0 | €4,281 | +€4,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,568 | €17,234 | -€4,334 | -20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,167 | +€17,167 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€15,013 | -€15,013 | |
| Other operating charges | 640/8 | €4,804 | €4,259 | -€546 | -11.4% |
| Gross operating margin | 9900 | €28,623 | €29,312 | +€689 | +2.4% |
| Operating profit (loss) | 9901 | €2,250 | €5,666 | +€3,415 | +152% |
| Financial income | 75/76B | €5,816 | €4,514 | -€1,302 | -22.4% |
| Recurring financial income | 75 | €5,816 | €4,514 | -€1,302 | -22.4% |
| Financial charges | 65/66B | €6,251 | €5,516 | -€735 | -11.8% |
| Recurring financial charges | 65 | €6,251 | €5,516 | -€735 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €1,815 | €4,663 | +€2,848 | +157% |
| Income taxes | 67/77 | €7,338 | €4,559 | -€2,779 | -37.9% |
| Profit (loss) for the period | 9904 | -€5,523 | €104 | +€5,627 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,523 | €104 | +€5,627 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.