STRADING: 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.
STRADING
Largest movements
- Cash +€30,674
up €30,674 (+73.5%), from €41,714 to €72,388
mainly Trade debts (+€34,959) and Depreciation (+€28,589)
- Receivables within one year +€20,638
up €20,638 (+35.7%), from €57,759 to €78,397
of which Trade receivables: +€23,901
- Tangible fixed assets -€19,134
down €19,134 (-26.1%), from €73,294 to €54,160
of which Furniture and vehicles: -€17,541
- Stocks and contracts +€2,532
new in 2025: €2,532
- Trade debts +€34,959
up €34,959 (+128.5%), from €27,215 to €62,174
- Reserves +€11,302
up €11,302 (+16.4%), from €68,872 to €80,174
- Debts after one year -€9,643
down €9,643 (-24.1%), from €39,959 to €30,316
- Other debts -€2,348
down €2,348 (-38.6%), from €6,080 to €3,732
- Depreciation +€18,762
up €18,762 (+190.9%), from €9,827 to €28,589
- Taxes -€10,592
down €10,592 (-65.1%), from €16,271 to €5,679
- Gross operating margin -€8,622
down €8,622 (-14.2%), from €60,908 to €52,287
- Other operating charges +€1,533
up €1,533 (+177.6%), from €863 to €2,396
- Financial charges +€885
up €885 (+25.5%), from €3,464 to €4,348
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,266 | €212,045 | +€34,780 | +19.6% |
| Fixed assets | 21/28 | €73,429 | €54,295 | -€19,134 | -26.1% |
| Tangible fixed assets | 22/27 | €73,294 | €54,160 | -€19,134 | -26.1% |
| Plant, machinery and equipment | 23 | €4,576 | €2,984 | -€1,592 | -34.8% |
| Furniture and vehicles | 24 | €68,718 | €51,176 | -€17,541 | -25.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €103,837 | €157,750 | +€53,914 | +51.9% |
| Stocks and contracts in progress | 3 | - | €2,532 | +€2,532 | |
| Contracts in progress | 37 | - | €2,532 | +€2,532 | |
| Amounts receivable within one year | 40/41 | €57,759 | €78,397 | +€20,638 | +35.7% |
| Trade receivables | 40 | €39,862 | €63,763 | +€23,901 | +60.0% |
| Other amounts receivable | 41 | €17,897 | €14,635 | -€3,263 | -18.2% |
| Cash at bank and in hand | 54/58 | €41,714 | €72,388 | +€30,674 | +73.5% |
| Deferred charges and accrued income | 490/1 | €4,363 | €4,433 | +€70 | +1.6% |
| Total equity and liabilities | 10/49 | €177,266 | €212,045 | +€34,780 | +19.6% |
| Equity | 10/15 | €78,827 | €90,129 | +€11,302 | +14.3% |
| Contributions | 10/11 | €9,150 | €9,150 | = | 0.0% |
| Reserves | 13 | €68,872 | €80,174 | +€11,302 | +16.4% |
| Distributable reserves | 133 | €68,872 | €80,174 | +€11,302 | +16.4% |
| Profit (loss) carried forward | 14 | €805 | €805 | = | 0.0% |
| Amounts payable | 17/49 | €98,438 | €121,916 | +€23,478 | +23.9% |
| Amounts payable after more than one year | 17 | €39,959 | €30,316 | -€9,643 | -24.1% |
| Financial debts | 170/4 | €39,959 | €30,316 | -€9,643 | -24.1% |
| Amounts payable within one year | 42/48 | €58,479 | €91,600 | +€33,121 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €9,283 | €9,643 | +€360 | +3.9% |
| Trade debts | 44 | €27,215 | €62,174 | +€34,959 | +128.5% |
| Suppliers | 440/4 | €27,215 | €62,174 | +€34,959 | +128.5% |
| Taxes, remuneration and social security | 45 | €15,901 | €16,051 | +€150 | +0.9% |
| Taxes | 450/3 | €13,934 | €13,978 | +€44 | +0.3% |
| Remuneration and social security | 454/9 | €1,967 | €2,073 | +€106 | +5.4% |
| Other amounts payable | 47/48 | €6,080 | €3,732 | -€2,348 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,827 | €28,589 | +€18,762 | +190.9% |
| Other operating charges | 640/8 | €863 | €2,396 | +€1,533 | +177.6% |
| Gross operating margin | 9900 | €60,908 | €52,287 | -€8,622 | -14.2% |
| Operating profit (loss) | 9901 | €50,218 | €21,302 | -€28,916 | -57.6% |
| Financial income | 75/76B | €31 | €27 | -€3 | -10.9% |
| Recurring financial income | 75 | €31 | €27 | -€3 | -10.9% |
| Financial charges | 65/66B | €3,464 | €4,348 | +€885 | +25.5% |
| Recurring financial charges | 65 | €3,464 | €4,348 | +€885 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €46,785 | €16,981 | -€29,804 | -63.7% |
| Income taxes | 67/77 | €16,271 | €5,679 | -€10,592 | -65.1% |
| Profit (loss) for the period | 9904 | €30,514 | €11,302 | -€19,212 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,514 | €11,302 | -€19,212 | -63.0% |
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.