STRAIT: 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.
STRAIT
Largest movements
- Receivables within one year +€98,310
up €98,310 (+209%), from €47,143 to €145,453
of which Trade receivables: +€91,355
- Tangible fixed assets +€97,704
up €97,704 (+802%), from €12,184 to €109,888
of which Furniture and vehicles: +€99,725
- Cash -€62,089
down €62,089 (-22.1%), from €280,853 to €218,764
mainly Investment in fixed assets (net) (-€108,362) and Receivables within one year (-€98,310)
- Reserves +€150,100
up €150,100 (+64.2%), from €233,860 to €383,960
of which Distributable reserves: +€150,100
- Other debts -€10,500
down €10,500 (-35.0%), from €30,000 to €19,500
- Gross operating margin +€68,286
up €68,286 (+33.6%), from €203,099 to €271,385
- Other operating charges +€16,552
up €16,552 (+1,044%), from €1,585 to €18,137
- Taxes +€11,522
up €11,522 (+18.8%), from €61,382 to €72,904
- Depreciation +€8,049
up €8,049 (+309%), from €2,609 to €10,658
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 | €340,720 | €476,941 | +€136,221 | +40.0% |
| Fixed assets | 21/28 | €12,184 | €109,888 | +€97,704 | +802% |
| Tangible fixed assets | 22/27 | €12,184 | €109,888 | +€97,704 | +802% |
| Plant, machinery and equipment | 23 | €8,606 | €6,585 | -€2,021 | -23.5% |
| Furniture and vehicles | 24 | €3,578 | €103,303 | +€99,725 | +2,787% |
| Current assets | 29/58 | €328,536 | €367,053 | +€38,517 | +11.7% |
| Amounts receivable within one year | 40/41 | €47,143 | €145,453 | +€98,310 | +209% |
| Trade receivables | 40 | €45,614 | €136,969 | +€91,355 | +200% |
| Other amounts receivable | 41 | €1,529 | €8,484 | +€6,955 | +455% |
| Cash at bank and in hand | 54/58 | €280,853 | €218,764 | -€62,089 | -22.1% |
| Deferred charges and accrued income | 490/1 | €540 | €2,836 | +€2,296 | +425% |
| Total equity and liabilities | 10/49 | €340,720 | €476,941 | +€136,221 | +40.0% |
| Equity | 10/15 | €243,287 | €393,483 | +€150,196 | +61.7% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €233,860 | €383,960 | +€150,100 | +64.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €226,000 | €376,100 | +€150,100 | +66.4% |
| Profit (loss) carried forward | 14 | €1,227 | €1,323 | +€96 | +7.8% |
| Amounts payable | 17/49 | €97,433 | €83,458 | -€13,975 | -14.3% |
| Amounts payable within one year | 42/48 | €97,433 | €83,458 | -€13,975 | -14.3% |
| Trade debts | 44 | €1,407 | - | -€1,407 | |
| Suppliers | 440/4 | €1,407 | - | -€1,407 | |
| Taxes, remuneration and social security | 45 | €66,026 | €63,958 | -€2,068 | -3.1% |
| Taxes | 450/3 | €66,026 | €63,958 | -€2,068 | -3.1% |
| Other amounts payable | 47/48 | €30,000 | €19,500 | -€10,500 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,609 | €10,658 | +€8,049 | +309% |
| Other operating charges | 640/8 | €1,585 | €18,137 | +€16,552 | +1,044% |
| Gross operating margin | 9900 | €203,099 | €271,385 | +€68,286 | +33.6% |
| Operating profit (loss) | 9901 | €198,905 | €242,590 | +€43,685 | +22.0% |
| Financial income | 75/76B | - | €318 | +€318 | |
| Recurring financial income | 75 | - | €318 | +€318 | |
| Financial charges | 65/66B | €776 | €308 | -€468 | -60.3% |
| Recurring financial charges | 65 | €776 | €308 | -€468 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €198,129 | €242,600 | +€44,471 | +22.4% |
| Income taxes | 67/77 | €61,382 | €72,904 | +€11,522 | +18.8% |
| Profit (loss) for the period | 9904 | €136,747 | €169,696 | +€32,949 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €136,747 | €169,696 | +€32,949 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.