Strand & Partners: 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.
Strand & Partners
Largest movements
- Cash +€153,977
up €153,977 (+712%), from €21,615 to €175,592
mainly Advances received (+€156,502) and Trade debts (+€76,383)
- Receivables within one year +€94,636
up €94,636 (+242%), from €39,063 to €133,699
of which Trade receivables: +€94,743
- Deferred charges and accrued income +€32,899
up €32,899 (+604%), from €5,449 to €38,347
- Intangible fixed assets +€10,204
up €10,204 (+392%), from €2,601 to €12,805
- Advances received +€156,502
new in 2025: €156,502
- Trade debts +€76,383
up €76,383 (+2,047%), from €3,731 to €80,114
- Reserves +€68,824
up €68,824 (+174%), from €39,545 to €108,369
- Other debts -€26,526
down €26,526 (-9.1%), from €290,817 to €264,291
- Tax, wage and social debts +€22,225
up €22,225 (+108%), from €20,592 to €42,817
of which Taxes: +€24,625
- Gross operating margin +€152,786
up €152,786 (+396%), from €38,613 to €191,399
- Other operating charges +€52,490
up €52,490 (+2,931%), from €1,791 to €54,281
- Taxes +€32,698
up €32,698 (+1,108%), from €2,951 to €35,649
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 | €355,749 | €653,093 | +€297,345 | +83.6% |
| Fixed assets | 21/28 | €278,077 | €293,911 | +€15,834 | +5.7% |
| Intangible fixed assets | 21 | €2,601 | €12,805 | +€10,204 | +392% |
| Tangible fixed assets | 22/27 | €175,476 | €181,105 | +€5,629 | +3.2% |
| Land and buildings | 22 | €174,958 | €168,439 | -€6,519 | -3.7% |
| Plant, machinery and equipment | 23 | - | €7,276 | +€7,276 | |
| Furniture and vehicles | 24 | €518 | €5,390 | +€4,872 | +942% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €77,672 | €359,183 | +€281,511 | +362% |
| Stocks and contracts in progress | 3 | €11,545 | €11,545 | = | 0.0% |
| Stocks | 30/36 | €11,545 | €11,545 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,063 | €133,699 | +€94,636 | +242% |
| Trade receivables | 40 | €38,465 | €133,208 | +€94,743 | +246% |
| Other amounts receivable | 41 | €598 | €491 | -€107 | -18.0% |
| Cash at bank and in hand | 54/58 | €21,615 | €175,592 | +€153,977 | +712% |
| Deferred charges and accrued income | 490/1 | €5,449 | €38,347 | +€32,899 | +604% |
| Total equity and liabilities | 10/49 | €355,749 | €653,093 | +€297,345 | +83.6% |
| Equity | 10/15 | €40,545 | €109,369 | +€68,824 | +170% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €39,545 | €108,369 | +€68,824 | +174% |
| Distributable reserves | 133 | €39,545 | €108,369 | +€68,824 | +174% |
| Amounts payable | 17/49 | €315,203 | €543,724 | +€228,521 | +72.5% |
| Amounts payable within one year | 42/48 | €315,140 | €543,724 | +€228,585 | +72.5% |
| Trade debts | 44 | €3,731 | €80,114 | +€76,383 | +2,047% |
| Suppliers | 440/4 | €3,731 | €80,114 | +€76,383 | +2,047% |
| Advances received on contracts in progress | 46 | - | €156,502 | +€156,502 | |
| Taxes, remuneration and social security | 45 | €20,592 | €42,817 | +€22,225 | +108% |
| Taxes | 450/3 | €18,192 | €42,817 | +€24,625 | +135% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €290,817 | €264,291 | -€26,526 | -9.1% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Remuneration, social security and pensions | 62 | €780 | €780 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,918 | €12,617 | +€1,699 | +15.6% |
| Other operating charges | 640/8 | €1,791 | €54,281 | +€52,490 | +2,931% |
| Gross operating margin | 9900 | €38,613 | €191,399 | +€152,786 | +396% |
| Operating profit (loss) | 9901 | €25,124 | €123,721 | +€98,596 | +392% |
| Financial income | 75/76B | - | €117 | +€117 | |
| Recurring financial income | 75 | - | €117 | +€117 | |
| Financial charges | 65/66B | €18,561 | €19,365 | +€804 | +4.3% |
| Recurring financial charges | 65 | €18,561 | €19,365 | +€804 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €6,563 | €104,473 | +€97,910 | +1,492% |
| Income taxes | 67/77 | €2,951 | €35,649 | +€32,698 | +1,108% |
| Profit (loss) for the period | 9904 | €3,612 | €68,824 | +€65,211 | +1,805% |
| Profit (loss) for the period to be appropriated | 9905 | €3,612 | €68,824 | +€65,211 | +1,805% |
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 19 October 2026 via checked.be.