STRADI: 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.
STRADI
Largest movements
- Intangible fixed assets -€88,931
down €88,931 (-9.4%), from €944,524 to €855,594
- Tangible fixed assets -€55,731
down €55,731 (-12.4%), from €450,931 to €395,200
of which Other tangible fixed assets: -€46,079
- Cash +€17,079
up €17,079 (+129%), from €13,196 to €30,276
mainly Depreciation (+€145,710) and Current portion of long-term debt (+€14,582)
- Debts after one year -€107,333
down €107,333 (-8.7%), from €1.2m to €1.1m
- Other debts -€24,106
down €24,106 (-48.0%), from €50,202 to €26,097
- Gross operating margin +€84,616
up €84,616 (+71.7%), from €117,942 to €202,558
- Depreciation +€15,875
up €15,875 (+12.2%), from €129,835 to €145,710
- Financial charges +€7,676
up €7,676 (+25.2%), from €30,472 to €38,148
- Other operating charges -€4,184
down €4,184 (-15.6%), from €26,798 to €22,614
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 | €1,472,271 | €1,346,555 | -€125,716 | -8.5% |
| Fixed assets | 21/28 | €1,397,096 | €1,252,434 | -€144,662 | -10.4% |
| Intangible fixed assets | 21 | €944,524 | €855,594 | -€88,931 | -9.4% |
| Tangible fixed assets | 22/27 | €450,931 | €395,200 | -€55,731 | -12.4% |
| Land and buildings | 22 | €97,010 | €91,176 | -€5,834 | -6.0% |
| Furniture and vehicles | 24 | €6,409 | €2,591 | -€3,819 | -59.6% |
| Other tangible fixed assets | 26 | €347,512 | €301,433 | -€46,079 | -13.3% |
| Financial fixed assets | 28 | €1,640 | €1,640 | = | 0.0% |
| Current assets | 29/58 | €75,175 | €94,121 | +€18,946 | +25.2% |
| Amounts receivable within one year | 40/41 | €44,346 | €43,559 | -€786 | -1.8% |
| Trade receivables | 40 | €43,559 | €43,559 | = | 0.0% |
| Other amounts receivable | 41 | €786 | - | -€786 | |
| Cash at bank and in hand | 54/58 | €13,196 | €30,276 | +€17,079 | +129% |
| Deferred charges and accrued income | 490/1 | €17,633 | €20,286 | +€2,653 | +15.0% |
| Total equity and liabilities | 10/49 | €1,472,271 | €1,346,555 | -€125,716 | -8.5% |
| Equity | 10/15 | €67,232 | €60,939 | -€6,293 | -9.4% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €4,250 | €4,250 | = | 0.0% |
| Distributable reserves | 133 | €4,250 | €4,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,582 | €13,289 | -€6,293 | -32.1% |
| Amounts payable | 17/49 | €1,405,038 | €1,285,616 | -€119,423 | -8.5% |
| Amounts payable after more than one year | 17 | €1,240,129 | €1,132,797 | -€107,333 | -8.7% |
| Financial debts | 170/4 | €1,240,129 | €1,132,797 | -€107,333 | -8.7% |
| Amounts payable within one year | 42/48 | €164,162 | €145,079 | -€19,083 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €92,751 | €107,333 | +€14,582 | +15.7% |
| Trade debts | 44 | €20,575 | €11,007 | -€9,567 | -46.5% |
| Suppliers | 440/4 | €20,575 | €11,007 | -€9,567 | -46.5% |
| Taxes, remuneration and social security | 45 | €635 | €642 | +€8 | +1.2% |
| Taxes | 450/3 | €635 | €577 | -€58 | -9.1% |
| Remuneration and social security | 454/9 | - | €66 | +€66 | |
| Other amounts payable | 47/48 | €50,202 | €26,097 | -€24,106 | -48.0% |
| Accrued charges and deferred income | 492/3 | €747 | €7,740 | +€6,993 | +936% |
| Remuneration, social security and pensions | 62 | €1,970 | €2,200 | +€230 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,835 | €145,710 | +€15,875 | +12.2% |
| Other operating charges | 640/8 | €26,798 | €22,614 | -€4,184 | -15.6% |
| Gross operating margin | 9900 | €117,942 | €202,558 | +€84,616 | +71.7% |
| Operating profit (loss) | 9901 | -€40,661 | €32,034 | +€72,695 | |
| Financial charges | 65/66B | €30,472 | €38,148 | +€7,676 | +25.2% |
| Recurring financial charges | 65 | €30,472 | €38,148 | +€7,676 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | -€71,133 | -€6,114 | +€65,019 | +91.4% |
| Income taxes | 67/77 | €120 | €179 | +€60 | +49.9% |
| Profit (loss) for the period | 9904 | -€71,253 | -€6,293 | +€64,960 | +91.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,253 | -€6,293 | +€64,960 | +91.2% |
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 16 October 2026 via checked.be.