STRAGIER: 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.
STRAGIER
Largest movements
- Tangible fixed assets -€47,314
down €47,314 (-22.9%), from €206,388 to €159,075
of which Land and buildings: -€40,258
- Receivables within one year +€33,467
up €33,467 (+34.8%), from €96,065 to €129,531
of which Trade receivables: +€21,959
- Stocks and contracts -€24,691
down €24,691 (-12.3%), from €200,102 to €175,410
- Debts after one year -€27,328
down €27,328 (-18.0%), from €151,686 to €124,359
- Other debts -€8,355
down €8,355 (-3.5%), from €237,054 to €228,699
- Current portion of long-term debt -€8,259
down €8,259 (-23.2%), from €35,587 to €27,328
- Gross operating margin -€11,856
down €11,856 (-3.8%), from €310,439 to €298,584
- Staff costs +€3,847
up €3,847 (+2.8%), from €137,808 to €141,655
- Taxes -€3,517
down €3,517 (-12.5%), from €28,225 to €24,709
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 | €600,883 | €562,496 | -€38,387 | -6.4% |
| Fixed assets | 21/28 | €206,708 | €159,394 | -€47,314 | -22.9% |
| Tangible fixed assets | 22/27 | €206,388 | €159,075 | -€47,314 | -22.9% |
| Land and buildings | 22 | €177,670 | €137,412 | -€40,258 | -22.7% |
| Plant, machinery and equipment | 23 | €17,906 | €6,522 | -€11,384 | -63.6% |
| Furniture and vehicles | 24 | €10,813 | €15,141 | +€4,328 | +40.0% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €394,175 | €403,102 | +€8,927 | +2.3% |
| Stocks and contracts in progress | 3 | €200,102 | €175,410 | -€24,691 | -12.3% |
| Stocks | 30/36 | €200,102 | €175,410 | -€24,691 | -12.3% |
| Amounts receivable within one year | 40/41 | €96,065 | €129,531 | +€33,467 | +34.8% |
| Trade receivables | 40 | €69,256 | €91,214 | +€21,959 | +31.7% |
| Other amounts receivable | 41 | €26,809 | €38,317 | +€11,508 | +42.9% |
| Current investments | 50/53 | €560 | €560 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €96,278 | €96,020 | -€258 | -0.3% |
| Deferred charges and accrued income | 490/1 | €1,171 | €1,580 | +€409 | +35.0% |
| Total equity and liabilities | 10/49 | €600,883 | €562,496 | -€38,387 | -6.4% |
| Equity | 10/15 | €110,620 | €109,585 | -€1,035 | -0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €48,620 | €47,585 | -€1,035 | -2.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €42,420 | €41,385 | -€1,035 | -2.4% |
| Amounts payable | 17/49 | €490,263 | €452,911 | -€37,352 | -7.6% |
| Amounts payable after more than one year | 17 | €151,686 | €124,359 | -€27,328 | -18.0% |
| Financial debts | 170/4 | €151,686 | €124,359 | -€27,328 | -18.0% |
| Amounts payable within one year | 42/48 | €338,577 | €328,553 | -€10,024 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €35,587 | €27,328 | -€8,259 | -23.2% |
| Trade debts | 44 | €41,382 | €47,187 | +€5,806 | +14.0% |
| Suppliers | 440/4 | €41,382 | €47,187 | +€5,806 | +14.0% |
| Taxes, remuneration and social security | 45 | €24,554 | €25,339 | +€785 | +3.2% |
| Taxes | 450/3 | €2,177 | €2,177 | = | 0.0% |
| Remuneration and social security | 454/9 | €22,376 | €23,161 | +€785 | +3.5% |
| Other amounts payable | 47/48 | €237,054 | €228,699 | -€8,355 | -3.5% |
| Remuneration, social security and pensions | 62 | €137,808 | €141,655 | +€3,847 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,338 | €58,542 | -€2,797 | -4.6% |
| Other operating charges | 640/8 | €295 | €301 | +€6 | +2.0% |
| Gross operating margin | 9900 | €310,439 | €298,584 | -€11,856 | -3.8% |
| Operating profit (loss) | 9901 | €110,998 | €98,087 | -€12,912 | -11.6% |
| Financial income | 75/76B | €681 | €1,534 | +€852 | +125.1% |
| Recurring financial income | 75 | €681 | €1,534 | +€852 | +125.1% |
| Financial charges | 65/66B | €6,512 | €5,947 | -€565 | -8.7% |
| Recurring financial charges | 65 | €6,512 | €5,947 | -€565 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €105,168 | €93,673 | -€11,495 | -10.9% |
| Income taxes | 67/77 | €28,225 | €24,709 | -€3,517 | -12.5% |
| Profit (loss) for the period | 9904 | €76,943 | €68,965 | -€7,978 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,943 | €68,965 | -€7,978 | -10.4% |
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 28 September 2026 via checked.be.