STRAFF: 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.
STRAFF
Largest movements
- Receivables within one year +€187,437
up €187,437 (+42.5%), from €441,312 to €628,749
of which Trade receivables: +€171,502
- Tangible fixed assets +€76,923
up €76,923 (+141.3%), from €54,424 to €131,346
of which Other tangible fixed assets: +€58,259
- Cash -€11,805
down €11,805 (-3.2%), from €364,794 to €352,990
mainly Contributions, distributions and other (-€432,349) and Receivables within one year (-€187,437)
- Other debts +€115,976
up €115,976 (+25.9%), from €447,518 to €563,494
- Current portion of long-term debt +€54,610
new in 2025: €54,610
- Short-term financial debts +€43,177
up €43,177 (+131.0%), from €32,957 to €76,134
- Profit (loss) carried forward -€34,374
down €34,374 (-89.2%), from €38,524 to €4,150
- Tax, wage and social debts +€25,761
up €25,761 (+9.6%), from €268,603 to €294,363
of which Taxes: +€17,213
- Staff costs +€650,474
up €650,474 (+61.8%), from €1.1m to €1.7m
- Gross operating margin +€649,828
up €649,828 (+38.2%), from €1.7m to €2.4m
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 | €883,437 | €1,127,445 | +€244,008 | +27.6% |
| Fixed assets | 21/28 | €54,559 | €131,481 | +€76,923 | +141.0% |
| Tangible fixed assets | 22/27 | €54,424 | €131,346 | +€76,923 | +141.3% |
| Plant, machinery and equipment | 23 | €9,072 | €11,579 | +€2,507 | +27.6% |
| Furniture and vehicles | 24 | €40,662 | €56,818 | +€16,156 | +39.7% |
| Other tangible fixed assets | 26 | €4,690 | €62,949 | +€58,259 | +1242.2% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €828,878 | €995,964 | +€167,085 | +20.2% |
| Amounts receivable within one year | 40/41 | €441,312 | €628,749 | +€187,437 | +42.5% |
| Trade receivables | 40 | €279,832 | €451,334 | +€171,502 | +61.3% |
| Other amounts receivable | 41 | €161,480 | €177,415 | +€15,935 | +9.9% |
| Cash at bank and in hand | 54/58 | €364,794 | €352,990 | -€11,805 | -3.2% |
| Deferred charges and accrued income | 490/1 | €22,772 | €14,225 | -€8,547 | -37.5% |
| Total equity and liabilities | 10/49 | €883,437 | €1,127,445 | +€244,008 | +27.6% |
| Equity | 10/15 | €50,524 | €28,801 | -€21,723 | -43.0% |
| Contributions | 10/11 | €12,000 | €24,000 | +€12,000 | +100.0% |
| Reserves | 13 | - | €651 | +€651 | |
| Distributable reserves | 133 | - | €651 | +€651 | |
| Profit (loss) carried forward | 14 | €38,524 | €4,150 | -€34,374 | -89.2% |
| Amounts payable | 17/49 | €832,913 | €1,098,645 | +€265,731 | +31.9% |
| Amounts payable within one year | 42/48 | €828,287 | €1,091,517 | +€263,229 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | - | €54,610 | +€54,610 | |
| Financial debts | 43 | €32,957 | €76,134 | +€43,177 | +131.0% |
| Credit institutions | 430/8 | €32,957 | €76,134 | +€43,177 | +131.0% |
| Trade debts | 44 | €79,210 | €102,915 | +€23,705 | +29.9% |
| Suppliers | 440/4 | €79,210 | €102,915 | +€23,705 | +29.9% |
| Taxes, remuneration and social security | 45 | €268,603 | €294,363 | +€25,761 | +9.6% |
| Taxes | 450/3 | €65,710 | €82,924 | +€17,213 | +26.2% |
| Remuneration and social security | 454/9 | €202,892 | €211,440 | +€8,548 | +4.2% |
| Other amounts payable | 47/48 | €447,518 | €563,494 | +€115,976 | +25.9% |
| Accrued charges and deferred income | 492/3 | €4,626 | €7,128 | +€2,502 | +54.1% |
| Remuneration, social security and pensions | 62 | €1,052,548 | €1,703,022 | +€650,474 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,349 | €26,002 | +€8,652 | +49.9% |
| Other operating charges | 640/8 | €6,672 | €9,664 | +€2,992 | +44.8% |
| Non-recurring operating charges | 66A | - | €4,690 | +€4,690 | |
| Gross operating margin | 9900 | €1,701,731 | €2,351,559 | +€649,828 | +38.2% |
| Operating profit (loss) | 9901 | €625,161 | €608,181 | -€16,980 | -2.7% |
| Financial income | 75/76B | €1,719 | €2,078 | +€358 | +20.9% |
| Recurring financial income | 75 | €1,719 | €2,078 | +€358 | +20.9% |
| Financial charges | 65/66B | €34,382 | €35,570 | +€1,187 | +3.5% |
| Recurring financial charges | 65 | €34,382 | €35,570 | +€1,187 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €592,498 | €574,689 | -€17,809 | -3.0% |
| Income taxes | 67/77 | €177,627 | €164,063 | -€13,563 | -7.6% |
| Profit (loss) for the period | 9904 | €414,872 | €410,626 | -€4,246 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €414,872 | €410,626 | -€4,246 | -1.0% |
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.