STRAEBAUW: 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.
STRAEBAUW
Largest movements
- Receivables within one year +€152,406
up €152,406 (+13.9%), from €1.1m to €1.3m
of which Other amounts receivable: +€142,999
- Cash -€61,834
down €61,834 (-96.4%), from €64,124 to €2,290
mainly Receivables within one year (-€152,406) and Investment in fixed assets (net) (-€57,647)
- Tangible fixed assets -€47,457
down €47,457 (-3.3%), from €1.4m to €1.4m
of which Land and buildings: -€45,375
- Trade debts +€130,310
up €130,310 (+4218.8%), from €3,089 to €133,399
- Short-term financial debts -€41,106
down €41,106 (-99.9%), from €41,160 to €55
- Gross operating margin +€103,185
up €103,185 (+54.6%), from €188,943 to €292,127
- Staff costs -€29,465
down €29,465 (-23.2%), from €127,086 to €97,621
- Depreciation +€8,417
up €8,417 (+8.7%), from €96,686 to €105,103
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 | €2,987,608 | €3,030,724 | +€43,115 | +1.4% |
| Fixed assets | 21/28 | €1,824,551 | €1,777,094 | -€47,457 | -2.6% |
| Tangible fixed assets | 22/27 | €1,431,801 | €1,384,344 | -€47,457 | -3.3% |
| Land and buildings | 22 | €1,241,656 | €1,196,281 | -€45,375 | -3.7% |
| Plant, machinery and equipment | 23 | €190,145 | €188,063 | -€2,082 | -1.1% |
| Financial fixed assets | 28 | €392,749 | €392,749 | = | 0.0% |
| Current assets | 29/58 | €1,163,058 | €1,253,630 | +€90,572 | +7.8% |
| Amounts receivable within one year | 40/41 | €1,098,934 | €1,251,340 | +€152,406 | +13.9% |
| Trade receivables | 40 | €74,121 | €83,528 | +€9,407 | +12.7% |
| Other amounts receivable | 41 | €1,024,813 | €1,167,812 | +€142,999 | +14.0% |
| Cash at bank and in hand | 54/58 | €64,124 | €2,290 | -€61,834 | -96.4% |
| Total equity and liabilities | 10/49 | €2,987,608 | €3,030,724 | +€43,115 | +1.4% |
| Equity | 10/15 | €2,089,884 | €2,106,767 | +€16,883 | +0.8% |
| Contributions | 10/11 | €299,034 | €299,034 | = | 0.0% |
| Capital | 10 | €299,034 | €299,034 | = | 0.0% |
| Issued capital | 100 | €299,034 | €299,034 | = | 0.0% |
| Reserves | 13 | €1,790,849 | €1,807,732 | +€16,883 | +0.9% |
| Non-distributable reserves | 130/1 | €225,000 | €225,000 | = | 0.0% |
| Legal reserve | 130 | €225,000 | €225,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €164,918 | €147,001 | -€17,917 | -10.9% |
| Distributable reserves | 133 | €1,400,932 | €1,435,731 | +€34,799 | +2.5% |
| Provisions and deferred taxes | 16 | €70,515 | €61,290 | -€9,226 | -13.1% |
| Deferred taxes | 168 | €70,515 | €61,290 | -€9,226 | -13.1% |
| Amounts payable | 17/49 | €827,209 | €862,668 | +€35,458 | +4.3% |
| Amounts payable after more than one year | 17 | €191,710 | €161,414 | -€30,296 | -15.8% |
| Financial debts | 170/4 | €191,710 | €161,414 | -€30,296 | -15.8% |
| Amounts payable within one year | 42/48 | €635,499 | €701,253 | +€65,754 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €62,347 | €72,540 | +€10,193 | +16.3% |
| Financial debts | 43 | €41,160 | €55 | -€41,106 | -99.9% |
| Credit institutions | 430/8 | €41,160 | €55 | -€41,106 | -99.9% |
| Trade debts | 44 | €3,089 | €133,399 | +€130,310 | +4218.8% |
| Suppliers | 440/4 | €3,089 | €133,399 | +€130,310 | +4218.8% |
| Advances received on contracts in progress | 46 | €6,630 | €6,630 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,567 | €22,857 | -€17,710 | -43.7% |
| Taxes | 450/3 | €14,908 | - | -€14,908 | |
| Remuneration and social security | 454/9 | €25,658 | €22,857 | -€2,802 | -10.9% |
| Other amounts payable | 47/48 | €481,706 | €465,772 | -€15,934 | -3.3% |
| Non-recurring operating income | 76A | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €127,086 | €97,621 | -€29,465 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,686 | €105,103 | +€8,417 | +8.7% |
| Other operating charges | 640/8 | €71,095 | €73,331 | +€2,236 | +3.1% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €188,943 | €292,127 | +€103,185 | +54.6% |
| Operating profit (loss) | 9901 | -€105,974 | €16,071 | +€122,046 | |
| Financial charges | 65/66B | €8,121 | €8,415 | +€293 | +3.6% |
| Recurring financial charges | 65 | €8,121 | €8,415 | +€293 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€114,096 | €7,657 | +€121,753 | |
| Transfer from deferred taxes | 780 | €9,226 | €9,226 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€104,870 | €16,883 | +€121,753 | |
| Transfer from tax-exempt reserves | 789 | €17,917 | €17,917 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€86,953 | €34,799 | +€121,753 |
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 3 October 2026 via checked.be.