Strain 2 Data: 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.
Strain 2 Data
Largest movements
- Stocks and contracts -€145,398
down €145,398 (-40.3%), from €361,034 to €215,636
of which Contracts in progress: -€183,000
- Receivables within one year +€24,264
up €24,264 (+15.7%), from €154,326 to €178,590
of which Trade receivables: +€79,512
- Tangible fixed assets -€17,152
down €17,152 (-12.7%), from €135,259 to €118,106
of which Land and buildings: -€48,378
- Intangible fixed assets -€16,284
down €16,284 (-20.0%), from €81,375 to €65,091
- Current investments +€10,601
new in 2025: €10,601
- Profit (loss) carried forward -€264,302
down €264,302, from €18,133 to -€246,169
- Debts after one year +€262,700
up €262,700 (+222.3%), from €118,195 to €380,895
- Short-term financial debts -€245,562
down €245,562 (-63.7%), from €385,404 to €139,842
of which Credit institutions: -€236,558
- Contributions +€100,000
up €100,000 (+268.8%), from €37,200 to €137,200
- Tax, wage and social debts -€28,097
down €28,097 (-52.2%), from €53,831 to €25,734
of which Taxes: -€19,845
- Write-downs +€283,123
up €283,123, from €0 to €283,123
- Gross operating margin +€136,358
up €136,358 (+119.8%), from €113,813 to €250,172
- Financial charges +€54,743
up €54,743 (+210.7%), from €25,976 to €80,719
of which Financial charges: +€54,465
- Staff costs +€54,543
up €54,543 (+100.5%), from €54,270 to €108,812
- Depreciation +€27,071
up €27,071 (+305.5%), from €8,860 to €35,931
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 | €767,752 | €611,815 | -€155,936 | -20.3% |
| Fixed assets | 21/28 | €239,984 | €196,047 | -€43,936 | -18.3% |
| Intangible fixed assets | 21 | €81,375 | €65,091 | -€16,284 | -20.0% |
| Tangible fixed assets | 22/27 | €135,259 | €118,106 | -€17,152 | -12.7% |
| Land and buildings | 22 | €48,378 | - | -€48,378 | |
| Plant, machinery and equipment | 23 | €20,881 | €16,181 | -€4,700 | -22.5% |
| Furniture and vehicles | 24 | €24,166 | €19,145 | -€5,022 | -20.8% |
| Other tangible fixed assets | 26 | €41,833 | €82,781 | +€40,948 | +97.9% |
| Financial fixed assets | 28 | €23,350 | €12,850 | -€10,500 | -45.0% |
| Current assets | 29/58 | €527,768 | €415,768 | -€112,000 | -21.2% |
| Stocks and contracts in progress | 3 | €361,034 | €215,636 | -€145,398 | -40.3% |
| Stocks | 30/36 | €118,034 | €155,636 | +€37,602 | +31.9% |
| Contracts in progress | 37 | €243,000 | €60,000 | -€183,000 | -75.3% |
| Amounts receivable within one year | 40/41 | €154,326 | €178,590 | +€24,264 | +15.7% |
| Trade receivables | 40 | €30,946 | €110,458 | +€79,512 | +256.9% |
| Other amounts receivable | 41 | €123,380 | €68,133 | -€55,248 | -44.8% |
| Current investments | 50/53 | - | €10,601 | +€10,601 | |
| Cash at bank and in hand | 54/58 | €12,408 | €8,819 | -€3,589 | -28.9% |
| Deferred charges and accrued income | 490/1 | €0 | €2,121 | +€2,121 | |
| Total equity and liabilities | 10/49 | €767,752 | €611,815 | -€155,936 | -20.3% |
| Equity | 10/15 | €98,141 | -€66,161 | -€164,302 | |
| Contributions | 10/11 | €37,200 | €137,200 | +€100,000 | +268.8% |
| Reserves | 13 | €42,808 | €42,808 | = | 0.0% |
| Distributable reserves | 133 | €42,808 | €42,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,133 | -€246,169 | -€264,302 | |
| Amounts payable | 17/49 | €669,610 | €677,976 | +€8,366 | +1.2% |
| Amounts payable after more than one year | 17 | €118,195 | €380,895 | +€262,700 | +222.3% |
| Financial debts | 170/4 | €118,195 | €380,895 | +€262,700 | +222.3% |
| Amounts payable within one year | 42/48 | €551,416 | €292,650 | -€258,766 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €17,916 | €35,903 | +€17,986 | +100.4% |
| Financial debts | 43 | €385,404 | €139,842 | -€245,562 | -63.7% |
| Credit institutions | 430/8 | €376,400 | €139,842 | -€236,558 | -62.8% |
| Other loans | 439 | €9,004 | - | -€9,004 | |
| Trade debts | 44 | €87,492 | €91,171 | +€3,679 | +4.2% |
| Suppliers | 440/4 | €87,492 | €91,171 | +€3,679 | +4.2% |
| Taxes, remuneration and social security | 45 | €53,831 | €25,734 | -€28,097 | -52.2% |
| Taxes | 450/3 | €30,721 | €10,876 | -€19,845 | -64.6% |
| Remuneration and social security | 454/9 | €23,110 | €14,858 | -€8,252 | -35.7% |
| Other amounts payable | 47/48 | €6,772 | - | -€6,772 | |
| Accrued charges and deferred income | 492/3 | - | €4,432 | +€4,432 | |
| Non-recurring operating income | 76A | - | €899 | +€899 | |
| Remuneration, social security and pensions | 62 | €54,270 | €108,812 | +€54,543 | +100.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,860 | €35,931 | +€27,071 | +305.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €283,123 | +€283,123 | |
| Other operating charges | 640/8 | €2,476 | €10,961 | +€8,484 | +342.6% |
| Non-recurring operating charges | 66A | €19,209 | - | -€19,209 | |
| Gross operating margin | 9900 | €113,813 | €250,172 | +€136,358 | +119.8% |
| Operating profit (loss) | 9901 | €28,999 | -€188,655 | -€217,654 | |
| Financial income | 75/76B | €8,731 | €5,267 | -€3,464 | -39.7% |
| Recurring financial income | 75 | €8,731 | €5,267 | -€3,464 | -39.7% |
| Financial charges | 65/66B | €25,976 | €80,719 | +€54,743 | +210.7% |
| Recurring financial charges | 65 | €25,976 | €80,441 | +€54,465 | +209.7% |
| Non-recurring financial charges | 66B | - | €278 | +€278 | |
| Profit (loss) for the period before taxes | 9903 | €11,754 | -€264,107 | -€275,861 | |
| Income taxes | 67/77 | €5,074 | €195 | -€4,879 | -96.2% |
| Profit (loss) for the period | 9904 | €6,680 | -€264,302 | -€270,982 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,680 | -€264,302 | -€270,982 |
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 9 October 2026 via checked.be.