STRAEC: 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.
STRAEC
Largest movements
- Cash +€28,449
up €28,449 (+71.8%), from €39,650 to €68,100
mainly Net result for the year (+€24,102) and Depreciation (+€11,555)
- Tangible fixed assets -€9,593
down €9,593 (-22.1%), from €43,317 to €33,724
of which Furniture and vehicles: -€7,373
- Reserves +€24,102
up €24,102 (+65.6%), from €36,716 to €60,817
- Debts after one year -€8,477
down €8,477 (-75.3%), from €11,250 to €2,774
- Other debts +€2,673
up €2,673 (+10.3%), from €25,906 to €28,578
- Gross operating margin -€3,147
down €3,147 (-6.3%), from €50,038 to €46,891
- Financial charges +€1,892
up €1,892 (+111%), from €1,704 to €3,596
- Depreciation +€1,306
up €1,306 (+12.7%), from €10,250 to €11,555
- Taxes -€1,271
down €1,271 (-15.2%), from €8,333 to €7,063
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 | €94,082 | €112,929 | +€18,847 | +20.0% |
| Fixed assets | 21/28 | €43,317 | €33,724 | -€9,593 | -22.1% |
| Tangible fixed assets | 22/27 | €43,317 | €33,724 | -€9,593 | -22.1% |
| Plant, machinery and equipment | 23 | €9,440 | €7,219 | -€2,220 | -23.5% |
| Furniture and vehicles | 24 | €33,877 | €26,504 | -€7,373 | -21.8% |
| Current assets | 29/58 | €50,765 | €79,205 | +€28,441 | +56.0% |
| Amounts receivable within one year | 40/41 | €11,114 | €11,106 | -€9 | -0.1% |
| Trade receivables | 40 | €8,447 | €8,168 | -€279 | -3.3% |
| Other amounts receivable | 41 | €2,667 | €2,937 | +€271 | +10.1% |
| Cash at bank and in hand | 54/58 | €39,650 | €68,100 | +€28,449 | +71.8% |
| Total equity and liabilities | 10/49 | €94,082 | €112,929 | +€18,847 | +20.0% |
| Equity | 10/15 | €41,716 | €65,817 | +€24,102 | +57.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,716 | €60,817 | +€24,102 | +65.6% |
| Distributable reserves | 133 | €36,716 | €60,817 | +€24,102 | +65.6% |
| Amounts payable | 17/49 | €52,366 | €47,112 | -€5,254 | -10.0% |
| Amounts payable after more than one year | 17 | €11,250 | €2,774 | -€8,477 | -75.3% |
| Financial debts | 170/4 | €11,250 | €2,774 | -€8,477 | -75.3% |
| Amounts payable within one year | 42/48 | €41,116 | €44,338 | +€3,222 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €8,713 | €8,477 | -€237 | -2.7% |
| Trade debts | 44 | €901 | €799 | -€102 | -11.4% |
| Suppliers | 440/4 | €901 | €799 | -€102 | -11.4% |
| Taxes, remuneration and social security | 45 | €5,595 | €6,484 | +€889 | +15.9% |
| Taxes | 450/3 | €5,595 | €6,484 | +€889 | +15.9% |
| Other amounts payable | 47/48 | €25,906 | €28,578 | +€2,673 | +10.3% |
| Remuneration, social security and pensions | 62 | €42 | €74 | +€32 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,250 | €11,555 | +€1,306 | +12.7% |
| Other operating charges | 640/8 | €679 | €770 | +€91 | +13.5% |
| Gross operating margin | 9900 | €50,038 | €46,891 | -€3,147 | -6.3% |
| Operating profit (loss) | 9901 | €39,068 | €34,491 | -€4,576 | -11.7% |
| Financial income | 75/76B | €67 | €269 | +€202 | +301% |
| Recurring financial income | 75 | €67 | €269 | +€202 | +301% |
| Financial charges | 65/66B | €1,704 | €3,596 | +€1,892 | +111% |
| Recurring financial charges | 65 | €1,704 | €3,596 | +€1,892 | +111% |
| Profit (loss) for the period before taxes | 9903 | €37,430 | €31,164 | -€6,266 | -16.7% |
| Income taxes | 67/77 | €8,333 | €7,063 | -€1,271 | -15.2% |
| Profit (loss) for the period | 9904 | €29,097 | €24,102 | -€4,996 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,097 | €24,102 | -€4,996 | -17.2% |
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 14 October 2026 via checked.be.