STRAK PROJECT: 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.
STRAK PROJECT
Largest movements
- Receivables within one year +€509,379
up €509,379 (+108.6%), from €469,137 to €978,516
of which Other amounts receivable: +€497,540
- Cash -€226,226
down €226,226 (-51.5%), from €438,999 to €212,773
mainly Debts after one year (-€787,565) and Receivables within one year (-€509,379)
- Stocks and contracts -€175,213
down €175,213 (-4.7%), from €3.7m to €3.5m
of which Stocks: -€175,213
- Debts after one year -€787,565
down €787,565 (-55.3%), from €1.4m to €637,446
- Current portion of long-term debt +€385,628
up €385,628 (+22.7%), from €1.7m to €2.1m
- Reserves +€261,631
up €261,631 (+35.6%), from €734,989 to €996,619
- Tax, wage and social debts +€206,318
up €206,318 (+144.6%), from €142,641 to €348,959
of which Taxes: +€211,456
- Trade debts +€121,473
up €121,473 (+18.8%), from €647,801 to €769,274
- Gross operating margin +€402,874
up €402,874 (+95.6%), from €421,481 to €824,355
- Taxes +€125,825
up €125,825 (+1276.7%), from €9,855 to €135,680
- Depreciation +€14,169
up €14,169 (+32.3%), from €43,805 to €57,974
- Other operating charges +€11,754
up €11,754 (+240.2%), from €4,893 to €16,648
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 | €5,237,350 | €5,391,295 | +€153,945 | +2.9% |
| Fixed assets | 21/28 | €623,922 | €666,843 | +€42,921 | +6.9% |
| Intangible fixed assets | 21 | €7,711 | - | -€7,711 | |
| Tangible fixed assets | 22/27 | €615,210 | €665,843 | +€50,633 | +8.2% |
| Land and buildings | 22 | €421,030 | €490,753 | +€69,722 | +16.6% |
| Plant, machinery and equipment | 23 | €163,097 | €144,449 | -€18,648 | -11.4% |
| Furniture and vehicles | 24 | €31,083 | €30,641 | -€442 | -1.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €4,613,428 | €4,724,452 | +€111,024 | +2.4% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Trade receivables | 290 | €15,000 | €15,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,688,923 | €3,513,710 | -€175,213 | -4.7% |
| Stocks | 30/36 | €3,657,731 | €3,482,518 | -€175,213 | -4.8% |
| Contracts in progress | 37 | €31,192 | €31,192 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €469,137 | €978,516 | +€509,379 | +108.6% |
| Trade receivables | 40 | €2,882 | €14,721 | +€11,839 | +410.8% |
| Other amounts receivable | 41 | €466,255 | €963,795 | +€497,540 | +106.7% |
| Cash at bank and in hand | 54/58 | €438,999 | €212,773 | -€226,226 | -51.5% |
| Deferred charges and accrued income | 490/1 | €1,369 | €4,452 | +€3,084 | +225.4% |
| Total equity and liabilities | 10/49 | €5,237,350 | €5,391,295 | +€153,945 | +2.9% |
| Equity | 10/15 | €996,289 | €1,257,919 | +€261,631 | +26.3% |
| Contributions | 10/11 | €261,300 | €261,300 | = | 0.0% |
| Reserves | 13 | €734,989 | €996,619 | +€261,631 | +35.6% |
| Distributable reserves | 133 | €734,989 | €996,619 | +€261,631 | +35.6% |
| Amounts payable | 17/49 | €4,241,061 | €4,133,375 | -€107,685 | -2.5% |
| Amounts payable after more than one year | 17 | €1,425,011 | €637,446 | -€787,565 | -55.3% |
| Financial debts | 170/4 | €1,425,011 | €637,446 | -€787,565 | -55.3% |
| Amounts payable within one year | 42/48 | €2,816,049 | €3,494,186 | +€678,137 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €1,701,042 | €2,086,670 | +€385,628 | +22.7% |
| Financial debts | 43 | €150,000 | €150,023 | +€23 | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,023 | +€23 | 0.0% |
| Trade debts | 44 | €647,801 | €769,274 | +€121,473 | +18.8% |
| Suppliers | 440/4 | €647,801 | €769,274 | +€121,473 | +18.8% |
| Advances received on contracts in progress | 46 | €28,848 | €28,848 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €142,641 | €348,959 | +€206,318 | +144.6% |
| Taxes | 450/3 | €116,665 | €328,120 | +€211,456 | +181.3% |
| Remuneration and social security | 454/9 | €25,977 | €20,839 | -€5,138 | -19.8% |
| Other amounts payable | 47/48 | €145,717 | €110,412 | -€35,305 | -24.2% |
| Accrued charges and deferred income | 492/3 | - | €1,743 | +€1,743 | |
| Remuneration, social security and pensions | 62 | €162,533 | €169,376 | +€6,843 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,805 | €57,974 | +€14,169 | +32.3% |
| Other operating charges | 640/8 | €4,893 | €16,648 | +€11,754 | +240.2% |
| Gross operating margin | 9900 | €421,481 | €824,355 | +€402,874 | +95.6% |
| Operating profit (loss) | 9901 | €210,250 | €580,357 | +€370,107 | +176.0% |
| Financial income | 75/76B | €2,276 | €6,972 | +€4,696 | +206.3% |
| Recurring financial income | 75 | €2,276 | €6,972 | +€4,696 | +206.3% |
| Financial charges | 65/66B | €192,375 | €190,019 | -€2,356 | -1.2% |
| Recurring financial charges | 65 | €192,375 | €190,019 | -€2,356 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €20,151 | €397,311 | +€377,160 | +1871.7% |
| Income taxes | 67/77 | €9,855 | €135,680 | +€125,825 | +1276.7% |
| Profit (loss) for the period | 9904 | €10,296 | €261,631 | +€251,335 | +2441.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,296 | €261,631 | +€251,335 | +2441.1% |
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.