Stragier Bart: 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.
Stragier Bart
Largest movements
- Receivables within one year +€348,372
up €348,372 (+100.3%), from €347,468 to €695,840
of which Trade receivables: +€345,584
- Tangible fixed assets +€323,023
up €323,023 (+132.9%), from €243,034 to €566,057
of which Plant, machinery and equipment: +€327,705
- Debts after one year +€518,247
up €518,247 (+1466.2%), from €35,346 to €553,593
of which Other amounts payable: +€279,000
- Short-term financial debts +€181,104
up €181,104 (+144.9%), from €125,000 to €306,104
- Other debts -€80,999
down €80,999 (-30.2%), from €268,511 to €187,512
- Current portion of long-term debt +€51,386
up €51,386 (+165.2%), from €31,100 to €82,486
- Depreciation +€97,335
up €97,335 (+192.7%), from €50,515 to €147,849
- Gross operating margin +€47,637
up €47,637 (+37.2%), from €128,091 to €175,727
- Financial charges +€14,086
up €14,086 (+529.1%), from €2,662 to €16,748
of which Financial charges: +€14,086
- Taxes -€7,962
down €7,962 (-95.4%), from €8,344 to €382
- Staff costs +€3,583
new in 2025: €3,583
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 | €606,538 | €1,283,038 | +€676,499 | +111.5% |
| Fixed assets | 21/28 | €243,034 | €566,057 | +€323,023 | +132.9% |
| Tangible fixed assets | 22/27 | €243,034 | €566,057 | +€323,023 | +132.9% |
| Plant, machinery and equipment | 23 | €179,603 | €507,308 | +€327,705 | +182.5% |
| Furniture and vehicles | 24 | €63,430 | €58,749 | -€4,682 | -7.4% |
| Current assets | 29/58 | €363,505 | €716,981 | +€353,476 | +97.2% |
| Stocks and contracts in progress | 3 | - | €10,500 | +€10,500 | |
| Stocks | 30/36 | - | €10,500 | +€10,500 | |
| Amounts receivable within one year | 40/41 | €347,468 | €695,840 | +€348,372 | +100.3% |
| Trade receivables | 40 | €342,524 | €688,107 | +€345,584 | +100.9% |
| Other amounts receivable | 41 | €4,945 | €7,733 | +€2,788 | +56.4% |
| Cash at bank and in hand | 54/58 | €12,448 | €10,640 | -€1,808 | -14.5% |
| Deferred charges and accrued income | 490/1 | €3,588 | - | -€3,588 | |
| Total equity and liabilities | 10/49 | €606,538 | €1,283,038 | +€676,499 | +111.5% |
| Equity | 10/15 | €108,312 | €114,195 | +€5,883 | +5.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €103,312 | €109,195 | +€5,883 | +5.7% |
| Distributable reserves | 133 | €103,312 | €109,195 | +€5,883 | +5.7% |
| Amounts payable | 17/49 | €498,226 | €1,168,842 | +€670,616 | +134.6% |
| Amounts payable after more than one year | 17 | €35,346 | €553,593 | +€518,247 | +1466.2% |
| Financial debts | 170/4 | €35,346 | €274,593 | +€239,247 | +676.9% |
| Other amounts payable | 178/9 | - | €279,000 | +€279,000 | |
| Amounts payable within one year | 42/48 | €462,880 | €615,250 | +€152,370 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €31,100 | €82,486 | +€51,386 | +165.2% |
| Financial debts | 43 | €125,000 | €306,104 | +€181,104 | +144.9% |
| Credit institutions | 430/8 | €125,000 | €306,104 | +€181,104 | +144.9% |
| Trade debts | 44 | €27,825 | €34,640 | +€6,814 | +24.5% |
| Suppliers | 440/4 | €27,825 | €34,640 | +€6,814 | +24.5% |
| Taxes, remuneration and social security | 45 | €10,444 | €4,508 | -€5,936 | -56.8% |
| Taxes | 450/3 | €10,444 | €3,552 | -€6,892 | -66.0% |
| Remuneration and social security | 454/9 | - | €956 | +€956 | |
| Other amounts payable | 47/48 | €268,511 | €187,512 | -€80,999 | -30.2% |
| Non-recurring operating income | 76A | €14,626 | - | -€14,626 | |
| Remuneration, social security and pensions | 62 | - | €3,583 | +€3,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,515 | €147,849 | +€97,335 | +192.7% |
| Other operating charges | 640/8 | €808 | €1,446 | +€638 | +79.0% |
| Non-recurring operating charges | 66A | - | €250 | +€250 | |
| Gross operating margin | 9900 | €128,091 | €175,727 | +€47,637 | +37.2% |
| Operating profit (loss) | 9901 | €76,768 | €22,599 | -€54,169 | -70.6% |
| Financial income | 75/76B | - | €414 | +€414 | |
| Recurring financial income | 75 | - | €414 | +€414 | |
| Financial charges | 65/66B | €2,662 | €16,748 | +€14,086 | +529.1% |
| Recurring financial charges | 65 | €2,662 | €16,748 | +€14,086 | +529.1% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €74,106 | €6,265 | -€67,841 | -91.5% |
| Income taxes | 67/77 | €8,344 | €382 | -€7,962 | -95.4% |
| Profit (loss) for the period | 9904 | €65,762 | €5,883 | -€59,879 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,762 | €5,883 | -€59,879 | -91.1% |
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 10 October 2026 via checked.be.