STRAETMANS MARC: 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.
STRAETMANS MARC
Largest movements
- Tangible fixed assets -€44,575
down €44,575 (-22.5%), from €198,434 to €153,859
of which Leasing and similar rights: -€41,314
- Cash -€7,224
down €7,224 (-18.0%), from €40,124 to €32,900
mainly Debts after one year (-€26,591) and Contributions, distributions and other (-€19,726)
- Receivables within one year -€6,507
down €6,507 (-7.2%), from €90,084 to €83,578
of which Trade receivables: -€12,356
- Debts after one year -€26,591
down €26,591 (-22.1%), from €120,548 to €93,957
- Reserves -€19,726
down €19,726 (-50.4%), from €39,136 to €19,410
of which Distributable reserves: -€17,866
- Profit (loss) carried forward -€12,282
down €12,282 (-28.3%), from €43,391 to €31,109
- Trade debts +€9,465
up €9,465 (+6,549%), from €145 to €9,609
- Accrued charges and deferred income -€7,113
down €7,113 (-46.6%), from €15,247 to €8,135
- Gross operating margin -€22,419
down €22,419 (-28.2%), from €79,537 to €57,117
- Write-downs +€4,311
new in 2025: €4,311
- Financial charges -€3,340
down €3,340 (-18.2%), from €18,381 to €15,041
- Taxes -€1,896
down €1,896 (-86.3%), from €2,196 to €300
- Financial income +€1,346
up €1,346 (+69.4%), from €1,941 to €3,287
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 | €368,085 | €308,533 | -€59,552 | -16.2% |
| Fixed assets | 21/28 | €201,384 | €156,809 | -€44,575 | -22.1% |
| Tangible fixed assets | 22/27 | €198,434 | €153,859 | -€44,575 | -22.5% |
| Plant, machinery and equipment | 23 | €12,832 | €9,955 | -€2,877 | -22.4% |
| Furniture and vehicles | 24 | €15,516 | €15,132 | -€384 | -2.5% |
| Leasing and similar rights | 25 | €170,086 | €128,772 | -€41,314 | -24.3% |
| Financial fixed assets | 28 | €2,950 | €2,950 | = | 0.0% |
| Current assets | 29/58 | €166,701 | €151,724 | -€14,977 | -9.0% |
| Stocks and contracts in progress | 3 | €35,900 | €32,850 | -€3,050 | -8.5% |
| Stocks | 30/36 | €35,900 | €32,850 | -€3,050 | -8.5% |
| Amounts receivable within one year | 40/41 | €90,084 | €83,578 | -€6,507 | -7.2% |
| Trade receivables | 40 | €21,315 | €8,959 | -€12,356 | -58.0% |
| Other amounts receivable | 41 | €68,770 | €74,619 | +€5,849 | +8.5% |
| Cash at bank and in hand | 54/58 | €40,124 | €32,900 | -€7,224 | -18.0% |
| Deferred charges and accrued income | 490/1 | €593 | €2,397 | +€1,804 | +304% |
| Total equity and liabilities | 10/49 | €368,085 | €308,533 | -€59,552 | -16.2% |
| Equity | 10/15 | €94,927 | €62,919 | -€32,008 | -33.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,136 | €19,410 | -€19,726 | -50.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €37,276 | €19,410 | -€17,866 | -47.9% |
| Profit (loss) carried forward | 14 | €43,391 | €31,109 | -€12,282 | -28.3% |
| Amounts payable | 17/49 | €273,158 | €245,614 | -€27,544 | -10.1% |
| Amounts payable after more than one year | 17 | €120,548 | €93,957 | -€26,591 | -22.1% |
| Financial debts | 170/4 | €120,548 | €93,957 | -€26,591 | -22.1% |
| Amounts payable within one year | 42/48 | €137,362 | €143,522 | +€6,159 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €32,429 | €28,517 | -€3,912 | -12.1% |
| Financial debts | 43 | €100,513 | €100,514 | +€1 | 0.0% |
| Credit institutions | 430/8 | €100,513 | €100,514 | +€1 | 0.0% |
| Trade debts | 44 | €145 | €9,609 | +€9,465 | +6,549% |
| Suppliers | 440/4 | €145 | €9,609 | +€9,465 | +6,549% |
| Taxes, remuneration and social security | 45 | €4,276 | €4,882 | +€606 | +14.2% |
| Taxes | 450/3 | €4,276 | €4,882 | +€606 | +14.2% |
| Accrued charges and deferred income | 492/3 | €15,247 | €8,135 | -€7,113 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,910 | €50,316 | +€406 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,311 | +€4,311 | |
| Other operating charges | 640/8 | €3,938 | €2,718 | -€1,220 | -31.0% |
| Gross operating margin | 9900 | €79,537 | €57,117 | -€22,419 | -28.2% |
| Operating profit (loss) | 9901 | €25,688 | -€228 | -€25,917 | |
| Financial income | 75/76B | €1,941 | €3,287 | +€1,346 | +69.4% |
| Recurring financial income | 75 | €1,941 | €3,287 | +€1,346 | +69.4% |
| Financial charges | 65/66B | €18,381 | €15,041 | -€3,340 | -18.2% |
| Recurring financial charges | 65 | €18,381 | €15,041 | -€3,340 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €9,248 | -€11,982 | -€21,230 | |
| Income taxes | 67/77 | €2,196 | €300 | -€1,896 | -86.3% |
| Profit (loss) for the period | 9904 | €7,052 | -€12,282 | -€19,334 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,052 | -€12,282 | -€19,334 |
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 28 October 2026 via checked.be.