STRAFER: 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.
STRAFER
Largest movements
- Receivables within one year +€891,032
up €891,032 (+6174.3%), from €14,431 to €905,464
of which Other amounts receivable: +€905,219
- Tangible fixed assets -€96,950
down €96,950 (-3.4%), from €2.9m to €2.8m
of which Land and buildings: -€92,607
- Debts after one year +€1.0m
up €1.0m (+113.7%), from €913,502 to €2.0m
- Other debts -€327,006
down €327,006 (-100.0%), from €327,006 to €0
- Current portion of long-term debt +€87,310
up €87,310 (+84.4%), from €103,449 to €190,759
- Reserves -€41,833
down €41,833 (-3.5%), from €1.2m to €1.2m
- Financial income +€11,292
up €11,292, from €0 to €11,292
- Financial charges +€9,536
up €9,536 (+19.1%), from €50,045 to €59,582
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 | €2,930,777 | €3,704,965 | +€774,187 | +26.4% |
| Fixed assets | 21/28 | €2,866,716 | €2,769,766 | -€96,950 | -3.4% |
| Tangible fixed assets | 22/27 | €2,866,716 | €2,769,766 | -€96,950 | -3.4% |
| Land and buildings | 22 | €2,808,781 | €2,716,174 | -€92,607 | -3.3% |
| Furniture and vehicles | 24 | €57,935 | €53,592 | -€4,343 | -7.5% |
| Current assets | 29/58 | €64,061 | €935,198 | +€871,137 | +1359.9% |
| Amounts receivable within one year | 40/41 | €14,431 | €905,464 | +€891,032 | +6174.3% |
| Trade receivables | 40 | €14,431 | €245 | -€14,186 | -98.3% |
| Other amounts receivable | 41 | - | €905,219 | +€905,219 | |
| Cash at bank and in hand | 54/58 | €49,506 | €29,602 | -€19,904 | -40.2% |
| Deferred charges and accrued income | 490/1 | €124 | €133 | +€8 | +6.7% |
| Total equity and liabilities | 10/49 | €2,930,777 | €3,704,965 | +€774,187 | +26.4% |
| Equity | 10/15 | €1,184,246 | €1,172,180 | -€12,067 | -1.0% |
| Contributions | 10/11 | €446,208 | €446,208 | = | 0.0% |
| Capital | 10 | €446,208 | €446,208 | = | 0.0% |
| Issued capital | 100 | €446,208 | €446,208 | = | 0.0% |
| Reserves | 13 | €1,203,111 | €1,161,278 | -€41,833 | -3.5% |
| Tax-exempt reserves | 132 | €1,203,111 | €1,161,278 | -€41,833 | -3.5% |
| Profit (loss) carried forward | 14 | -€465,073 | -€435,307 | +€29,767 | +6.4% |
| Provisions and deferred taxes | 16 | €401,037 | €387,093 | -€13,944 | -3.5% |
| Deferred taxes | 168 | €401,037 | €387,093 | -€13,944 | -3.5% |
| Amounts payable | 17/49 | €1,345,494 | €2,145,692 | +€800,198 | +59.5% |
| Amounts payable after more than one year | 17 | €913,502 | €1,951,909 | +€1.0m | +113.7% |
| Financial debts | 170/4 | €913,502 | €1,951,909 | +€1.0m | +113.7% |
| Amounts payable within one year | 42/48 | €431,992 | €193,784 | -€238,208 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €103,449 | €190,759 | +€87,310 | +84.4% |
| Trade debts | 44 | €1,537 | €3,025 | +€1,488 | +96.8% |
| Suppliers | 440/4 | €1,537 | €3,025 | +€1,488 | +96.8% |
| Other amounts payable | 47/48 | €327,006 | €0 | -€327,006 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,950 | €96,950 | = | 0.0% |
| Other operating charges | 640/8 | €5,337 | €5,417 | +€80 | +1.5% |
| Gross operating margin | 9900 | €124,400 | €124,646 | +€246 | +0.2% |
| Operating profit (loss) | 9901 | €22,113 | €22,279 | +€166 | +0.7% |
| Financial income | 75/76B | €0 | €11,292 | +€11,292 | |
| Recurring financial income | 75 | €0 | €11,292 | +€11,292 | |
| Financial charges | 65/66B | €50,045 | €59,582 | +€9,536 | +19.1% |
| Recurring financial charges | 65 | €50,045 | €59,582 | +€9,536 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,932 | -€26,011 | +€1,921 | +6.9% |
| Transfer from deferred taxes | 780 | €13,944 | €13,944 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€13,988 | -€12,067 | +€1,921 | +13.7% |
| Transfer from tax-exempt reserves | 789 | €41,833 | €41,833 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,846 | €29,767 | +€1,921 | +6.9% |
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 1 October 2026 via checked.be.