STRAIT 14: 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 14
Largest movements
- Current investments +€61,995
up €61,995 (+89.5%), from €69,258 to €131,252
- Receivables within one year -€35,704
down €35,704 (-82.9%), from €43,085 to €7,381
of which Trade receivables: -€25,669
- Cash -€15,804
down €15,804 (-52.4%), from €30,157 to €14,353
mainly Contributions, distributions and other (-€71,183) and Current investments (-€61,995)
- Tangible fixed assets -€10,528
down €10,528 (-9.9%), from €106,168 to €95,641
of which Furniture and vehicles: -€16,273
- Deferred charges and accrued income -€3,791
down €3,791 (-14.6%), from €25,986 to €22,195
- Other debts +€65,613
up €65,613 (+5,617%), from €1,168 to €66,781
- Profit (loss) carried forward -€49,018
down €49,018 (-55.4%), from €88,515 to €39,497
- Tax, wage and social debts +€23,455
up €23,455 (+169%), from €13,878 to €37,333
- Reserves -€19,418
down €19,418 (-43.5%), from €44,678 to €25,260
- Debts after one year -€15,740
down €15,740 (-15.5%), from €101,732 to €85,992
- Financial charges +€138,740
up €138,740 (+694%), from €19,997 to €158,736
- Financial income +€106,051
up €106,051 (+198%), from €53,555 to €159,605
- Taxes +€22,287
up €22,287 (+111%), from €20,060 to €42,347
- Depreciation +€4,595
up €4,595 (+23.2%), from €19,785 to €24,379
- Gross operating margin +€3,100
up €3,100 (+4.6%), from €67,178 to €70,278
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 | €311,772 | €307,718 | -€4,054 | -1.3% |
| Fixed assets | 21/28 | €106,390 | €95,641 | -€10,749 | -10.1% |
| Intangible fixed assets | 21 | €222 | - | -€222 | |
| Tangible fixed assets | 22/27 | €106,168 | €95,641 | -€10,528 | -9.9% |
| Plant, machinery and equipment | 23 | €8,162 | €7,003 | -€1,159 | -14.2% |
| Furniture and vehicles | 24 | €89,255 | €72,983 | -€16,273 | -18.2% |
| Other tangible fixed assets | 26 | €8,752 | €15,656 | +€6,904 | +78.9% |
| Current assets | 29/58 | €205,382 | €212,077 | +€6,696 | +3.3% |
| Amounts receivable after more than one year | 29 | €36,896 | €36,896 | = | 0.0% |
| Other amounts receivable | 291 | €36,896 | €36,896 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,085 | €7,381 | -€35,704 | -82.9% |
| Trade receivables | 40 | €33,050 | €7,381 | -€25,669 | -77.7% |
| Other amounts receivable | 41 | €10,035 | - | -€10,035 | |
| Current investments | 50/53 | €69,258 | €131,252 | +€61,995 | +89.5% |
| Cash at bank and in hand | 54/58 | €30,157 | €14,353 | -€15,804 | -52.4% |
| Deferred charges and accrued income | 490/1 | €25,986 | €22,195 | -€3,791 | -14.6% |
| Total equity and liabilities | 10/49 | €311,772 | €307,718 | -€4,054 | -1.3% |
| Equity | 10/15 | €151,793 | €83,357 | -€68,436 | -45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,678 | €25,260 | -€19,418 | -43.5% |
| Distributable reserves | 133 | €44,678 | €25,260 | -€19,418 | -43.5% |
| Profit (loss) carried forward | 14 | €88,515 | €39,497 | -€49,018 | -55.4% |
| Amounts payable | 17/49 | €159,979 | €224,361 | +€64,383 | +40.2% |
| Amounts payable after more than one year | 17 | €101,732 | €85,992 | -€15,740 | -15.5% |
| Financial debts | 170/4 | €101,732 | €85,992 | -€15,740 | -15.5% |
| Amounts payable within one year | 42/48 | €58,246 | €138,369 | +€80,123 | +138% |
| Current portion of amounts payable after more than one year | 42 | €42,754 | €33,795 | -€8,958 | -21.0% |
| Trade debts | 44 | €446 | €460 | +€14 | +3.1% |
| Suppliers | 440/4 | €446 | €460 | +€14 | +3.1% |
| Taxes, remuneration and social security | 45 | €13,878 | €37,333 | +€23,455 | +169% |
| Taxes | 450/3 | €13,878 | €37,333 | +€23,455 | +169% |
| Other amounts payable | 47/48 | €1,168 | €66,781 | +€65,613 | +5,617% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,785 | €24,379 | +€4,595 | +23.2% |
| Other operating charges | 640/8 | €1,237 | €1,675 | +€438 | +35.4% |
| Non-recurring operating charges | 66A | €3,804 | - | -€3,804 | |
| Gross operating margin | 9900 | €67,178 | €70,278 | +€3,100 | +4.6% |
| Operating profit (loss) | 9901 | €42,352 | €44,224 | +€1,872 | +4.4% |
| Financial income | 75/76B | €53,555 | €159,605 | +€106,051 | +198% |
| Recurring financial income | 75 | €53,555 | €159,605 | +€106,051 | +198% |
| Financial charges | 65/66B | €19,997 | €158,736 | +€138,740 | +694% |
| Recurring financial charges | 65 | €19,997 | €158,736 | +€138,740 | +694% |
| Profit (loss) for the period before taxes | 9903 | €75,911 | €45,094 | -€30,817 | -40.6% |
| Income taxes | 67/77 | €20,060 | €42,347 | +€22,287 | +111% |
| Profit (loss) for the period | 9904 | €55,851 | €2,746 | -€53,104 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,851 | €2,746 | -€53,104 | -95.1% |
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 13 October 2026 via checked.be.