Strado Group: 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
Strado Group
NACE 43.212, Electrical installation work in industrial facilities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.1m
2024 · -€408,986+€4.5m
Equity
€12.2m
2024 · €8.1m+€4.1m
Cash
€1.7m
2024 · €355,788+€1.4m
Balance sheet total
€25.3m
2024 · €23.9m+€1.4m
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+382.6%), from €355,788 to €1.7m
mainly Net result for the year (+€4.1m) and Trade debts (+€56,665)
Equity and liabilities
- Profit (loss) carried forward +€4.1m
up €4.1m, from -€408,986 to €3.6m
- Debts after one year -€2.5m
down €2.5m (-19.0%), from €13.0m to €10.5m
of which Financial debts: -€1.9m
Income statement
- Financial income +€4.6m
up €4.6m (+133557.6%), from €3,479 to €4.7m
- Services and other goods -€287,191
down €287,191 (-71.1%), from €403,690 to €116,499
- Financial charges +€241,508
up €241,508 (+84.1%), from €287,091 to €528,599
- Turnover -€222,275
down €222,275 (-80.6%), from €275,677 to €53,402
- Other operating income -€15,316
down €15,316 (-100.0%), from €15,316 to €0
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
-€408,986
Turnover
-€222,275
Other operating income
-€15,316
Services and other goods
+€287,191
Other operating charges
+€7,905
Financial income
+€4.6m
Financial charges
-€241,508
Taxes
+€4,144
Result 2025
€4.1m
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
+€3.8m
Investment
€0
Financing
-€2.4m
Cash 2024
€355,788
From operations (derived)
+€3.8m
Net result for the year
+€4.1m
Receivables within one year
-€22,459
Trade debts
+€56,665
Tax, wage and social debts
-€43,453
Other debts
-€239,267
Financing
-€2.4m
Debts after one year
-€2.5m
Contributions, distributions and other
+€12,387
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,872,809 | €25,256,666 | +€1.4m | +5.8% |
| Fixed assets | 21/28 | €23,454,005 | €23,454,005 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €23,454,005 | €23,454,005 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €23,454,005 | €23,454,005 | = | 0.0% |
| Participating interests | 282 | €23,454,005 | €23,454,005 | = | 0.0% |
| Current assets | 29/58 | €418,804 | €1,802,661 | +€1.4m | +330.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €63,016 | €85,475 | +€22,459 | +35.6% |
| Trade receivables | 40 | €53,613 | €83,998 | +€30,384 | +56.7% |
| Other amounts receivable | 41 | €9,402 | €1,477 | -€7,925 | -84.3% |
| Cash at bank and in hand | 54/58 | €355,788 | €1,717,186 | +€1.4m | +382.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €23,872,809 | €25,256,666 | +€1.4m | +5.8% |
| Equity | 10/15 | €8,130,823 | €12,201,450 | +€4.1m | +50.1% |
| Contributions | 10/11 | €8,444,122 | €8,456,509 | +€12,387 | +0.1% |
| Reserves | 13 | €95,688 | €95,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €95,688 | €95,688 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€408,986 | €3,649,252 | +€4.1m | |
| Amounts payable | 17/49 | €15,741,985 | €13,055,216 | -€2.7m | -17.1% |
| Amounts payable after more than one year | 17 | €12,964,286 | €10,503,571 | -€2.5m | -19.0% |
| Financial debts | 170/4 | €11,164,286 | €9,303,571 | -€1.9m | -16.7% |
| Credit institutions | 173 | €11,164,286 | €9,303,571 | -€1.9m | -16.7% |
| Other amounts payable | 178/9 | €1,800,000 | €1,200,000 | -€600,000 | -33.3% |
| Amounts payable within one year | 42/48 | €2,777,699 | €2,551,645 | -€226,055 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €1,860,714 | €1,860,714 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €34,265 | €90,930 | +€56,665 | +165.4% |
| Suppliers | 440/4 | €34,265 | €90,930 | +€56,665 | +165.4% |
| Taxes, remuneration and social security | 45 | €43,453 | €0 | -€43,453 | -100.0% |
| Taxes | 450/3 | €43,453 | €0 | -€43,453 | -100.0% |
| Other amounts payable | 47/48 | €839,267 | €600,000 | -€239,267 | -28.5% |
| Operating income | 70/76A | €290,993 | €53,402 | -€237,591 | -81.6% |
| Turnover | 70 | €275,677 | €53,402 | -€222,275 | -80.6% |
| Other operating income | 74 | €15,316 | €0 | -€15,316 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €412,224 | €117,128 | -€295,096 | -71.6% |
| Services and other goods | 61 | €403,690 | €116,499 | -€287,191 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €8,533 | €628 | -€7,905 | -92.6% |
| Operating profit (loss) | 9901 | -€121,231 | -€63,726 | +€57,505 | +47.4% |
| Financial income | 75/76B | €3,479 | €4,650,564 | +€4.6m | +133557.6% |
| Recurring financial income | 75 | €3,479 | €4,650,564 | +€4.6m | +133557.6% |
| Income from financial fixed assets | 750 | - | €4,633,938 | +€4.6m | |
| Other financial income | 752/9 | €3,479 | €16,626 | +€13,146 | +377.8% |
| Financial charges | 65/66B | €287,091 | €528,599 | +€241,508 | +84.1% |
| Recurring financial charges | 65 | €287,091 | €528,599 | +€241,508 | +84.1% |
| Debt charges | 650 | €280,611 | €526,717 | +€246,106 | +87.7% |
| Other financial charges | 652/9 | €6,481 | €1,882 | -€4,599 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | -€404,843 | €4,058,239 | +€4.5m | |
| Income taxes | 67/77 | €4,144 | €0 | -€4,144 | -100.0% |
| Taxes | 670/3 | €4,144 | €0 | -€4,144 | -100.0% |
| Profit (loss) for the period | 9904 | -€408,986 | €4,058,239 | +€4.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€408,986 | €4,058,239 | +€4.5m |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.