STRAGIER MAXIME: 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 MAXIME
Largest movements
- Cash +€35,260
up €35,260 (+308%), from €11,458 to €46,718
mainly Net result for the year (+€63,418) and Other debts (+€24,646)
- Tangible fixed assets -€6,146
down €6,146 (-28.8%), from €21,317 to €15,171
of which Plant, machinery and equipment: -€4,238
- Receivables within one year +€3,131
up €3,131 (+20.3%), from €15,455 to €18,586
of which Trade receivables: +€3,131
- Other debts +€24,646
up €24,646 (+68.1%), from €36,195 to €60,841
- Tax, wage and social debts +€8,829
new in 2025: €8,829
- Gross operating margin +€64,296
up €64,296 (+168%), from €38,376 to €102,672
- Taxes +€16,382
up €16,382 (+220%), from €7,448 to €23,829
- Other operating charges +€1,474
up €1,474 (+22.4%), from €6,593 to €8,067
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 | €48,926 | €81,269 | +€32,343 | +66.1% |
| Fixed assets | 21/28 | €21,317 | €15,171 | -€6,146 | -28.8% |
| Tangible fixed assets | 22/27 | €21,317 | €15,171 | -€6,146 | -28.8% |
| Plant, machinery and equipment | 23 | €12,326 | €8,088 | -€4,238 | -34.4% |
| Furniture and vehicles | 24 | €2,035 | €1,565 | -€470 | -23.1% |
| Other tangible fixed assets | 26 | €6,956 | €5,519 | -€1,438 | -20.7% |
| Current assets | 29/58 | €27,609 | €66,098 | +€38,488 | +139% |
| Amounts receivable within one year | 40/41 | €15,455 | €18,586 | +€3,131 | +20.3% |
| Trade receivables | 40 | €6,903 | €10,033 | +€3,131 | +45.4% |
| Other amounts receivable | 41 | €8,552 | €8,552 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,458 | €46,718 | +€35,260 | +308% |
| Deferred charges and accrued income | 490/1 | €696 | €794 | +€98 | +14.1% |
| Total equity and liabilities | 10/49 | €48,926 | €81,269 | +€32,343 | +66.1% |
| Equity | 10/15 | €8,969 | €8,386 | -€582 | -6.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €969 | €386 | -€582 | -60.1% |
| Amounts payable | 17/49 | €39,958 | €72,883 | +€32,925 | +82.4% |
| Amounts payable within one year | 42/48 | €39,958 | €72,883 | +€32,925 | +82.4% |
| Trade debts | 44 | €3,763 | €3,212 | -€551 | -14.6% |
| Suppliers | 440/4 | €3,763 | €3,212 | -€551 | -14.6% |
| Taxes, remuneration and social security | 45 | - | €8,829 | +€8,829 | |
| Taxes | 450/3 | - | €8,829 | +€8,829 | |
| Other amounts payable | 47/48 | €36,195 | €60,841 | +€24,646 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,063 | €7,045 | -€18 | -0.3% |
| Other operating charges | 640/8 | €6,593 | €8,067 | +€1,474 | +22.4% |
| Gross operating margin | 9900 | €38,376 | €102,672 | +€64,296 | +168% |
| Operating profit (loss) | 9901 | €24,720 | €87,561 | +€62,841 | +254% |
| Financial income | 75/76B | €58 | €0 | -€58 | -100.0% |
| Recurring financial income | 75 | €58 | €0 | -€58 | -100.0% |
| Financial charges | 65/66B | €157 | €314 | +€157 | +99.7% |
| Recurring financial charges | 65 | €157 | €314 | +€157 | +99.7% |
| Profit (loss) for the period before taxes | 9903 | €24,621 | €87,247 | +€62,626 | +254% |
| Income taxes | 67/77 | €7,448 | €23,829 | +€16,382 | +220% |
| Profit (loss) for the period | 9904 | €17,173 | €63,418 | +€46,245 | +269% |
| Profit (loss) for the period to be appropriated | 9905 | €17,173 | €63,418 | +€46,245 | +269% |
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 16 October 2026 via checked.be.