STRAIFOR: 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.
STRAIFOR
Largest movements
- Cash -€110,429
down €110,429 (-75.2%), from €146,943 to €36,514
mainly Investment in fixed assets (net) (-€93,215) and Receivables within one year (-€25,632)
- Tangible fixed assets +€61,753
up €61,753 (+5.1%), from €1.2m to €1.3m
of which Land and buildings: +€54,524
- Receivables within one year +€25,632
up €25,632 (+57.4%), from €44,626 to €70,258
of which Trade receivables: +€58,218
- Profit (loss) carried forward -€16,112
down €16,112 (-1.9%), from €862,556 to €846,444
- Gross operating margin -€155,406
down €155,406 (-78.6%), from €197,736 to €42,330
- Taxes -€43,435
down €43,435 (-100.0%), from €43,435 to €0
- Other operating charges +€20,417
up €20,417 (+281.0%), from €7,266 to €27,683
- Depreciation +€4,908
up €4,908 (+18.5%), from €26,554 to €31,462
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 | €1,409,372 | €1,386,822 | -€22,550 | -1.6% |
| Fixed assets | 21/28 | €1,217,803 | €1,279,556 | +€61,753 | +5.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,217,803 | €1,279,556 | +€61,753 | +5.1% |
| Land and buildings | 22 | €1,205,055 | €1,259,579 | +€54,524 | +4.5% |
| Plant, machinery and equipment | 23 | €2,608 | €2,304 | -€304 | -11.7% |
| Furniture and vehicles | 24 | €10,140 | €17,673 | +€7,533 | +74.3% |
| Current assets | 29/58 | €191,569 | €107,266 | -€84,303 | -44.0% |
| Amounts receivable within one year | 40/41 | €44,626 | €70,258 | +€25,632 | +57.4% |
| Trade receivables | 40 | €6,500 | €64,718 | +€58,218 | +895.7% |
| Other amounts receivable | 41 | €38,126 | €5,540 | -€32,586 | -85.5% |
| Cash at bank and in hand | 54/58 | €146,943 | €36,514 | -€110,429 | -75.2% |
| Deferred charges and accrued income | 490/1 | - | €494 | +€494 | |
| Total equity and liabilities | 10/49 | €1,409,372 | €1,386,822 | -€22,550 | -1.6% |
| Equity | 10/15 | €1,396,469 | €1,380,357 | -€16,112 | -1.2% |
| Contributions | 10/11 | €485,376 | €485,376 | = | 0.0% |
| Capital | 10 | €485,376 | €485,376 | = | 0.0% |
| Issued capital | 100 | €485,376 | €485,376 | = | 0.0% |
| Reserves | 13 | €48,537 | €48,537 | = | 0.0% |
| Non-distributable reserves | 130/1 | €48,537 | €48,537 | = | 0.0% |
| Legal reserve | 130 | €48,537 | €48,537 | = | 0.0% |
| Profit (loss) carried forward | 14 | €862,556 | €846,444 | -€16,112 | -1.9% |
| Amounts payable | 17/49 | €12,903 | €6,465 | -€6,438 | -49.9% |
| Amounts payable within one year | 42/48 | €12,903 | €6,465 | -€6,438 | -49.9% |
| Trade debts | 44 | €245 | - | -€245 | |
| Suppliers | 440/4 | €245 | - | -€245 | |
| Taxes, remuneration and social security | 45 | €12,658 | €6,465 | -€6,193 | -48.9% |
| Taxes | 450/3 | €12,658 | €6,465 | -€6,193 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,554 | €31,462 | +€4,908 | +18.5% |
| Other operating charges | 640/8 | €7,266 | €27,683 | +€20,417 | +281.0% |
| Gross operating margin | 9900 | €197,736 | €42,330 | -€155,406 | -78.6% |
| Operating profit (loss) | 9901 | €163,916 | -€16,815 | -€180,731 | |
| Financial income | 75/76B | €2,596 | €769 | -€1,827 | -70.4% |
| Recurring financial income | 75 | €2,596 | €769 | -€1,827 | -70.4% |
| Financial charges | 65/66B | €66 | €66 | = | 0.0% |
| Recurring financial charges | 65 | €66 | €66 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €166,446 | -€16,112 | -€182,558 | |
| Income taxes | 67/77 | €43,435 | €0 | -€43,435 | -100.0% |
| Profit (loss) for the period | 9904 | €123,011 | -€16,112 | -€139,123 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,011 | -€16,112 | -€139,123 |
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 30 September 2026 via checked.be.