Stranel: 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.
Stranel
Largest movements
- Tangible fixed assets -€27,755
down €27,755 (-9.9%), from €279,817 to €252,063
- Receivables within one year -€8,353
down €8,353 (-39.0%), from €21,417 to €13,064
of which Trade receivables: -€5,073
- Cash +€5,614
up €5,614 (+40.4%), from €13,902 to €19,516
mainly Depreciation (+€46,755) and Net result for the year (+€23,513)
- Debts after one year -€25,199
down €25,199 (-38.1%), from €66,112 to €40,913
- Other debts -€7,019
down €7,019 (-8.1%), from €86,387 to €79,368
- Gross operating margin +€12,062
up €12,062 (+16.2%), from €74,487 to €86,549
- Taxes +€4,055
up €4,055 (+86.7%), from €4,679 to €8,734
- Depreciation +€2,166
up €2,166 (+4.9%), from €44,588 to €46,755
- Financial charges -€1,623
down €1,623 (-20.7%), from €7,830 to €6,207
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 | €319,301 | €288,974 | -€30,327 | -9.5% |
| Fixed assets | 21/28 | €279,817 | €252,063 | -€27,755 | -9.9% |
| Tangible fixed assets | 22/27 | €279,817 | €252,063 | -€27,755 | -9.9% |
| Land and buildings | 22 | €158,613 | €146,774 | -€11,839 | -7.5% |
| Plant, machinery and equipment | 23 | €71,914 | €68,304 | -€3,610 | -5.0% |
| Furniture and vehicles | 24 | €49,290 | €36,985 | -€12,306 | -25.0% |
| Current assets | 29/58 | €39,484 | €36,912 | -€2,572 | -6.5% |
| Amounts receivable within one year | 40/41 | €21,417 | €13,064 | -€8,353 | -39.0% |
| Trade receivables | 40 | €15,316 | €10,243 | -€5,073 | -33.1% |
| Other amounts receivable | 41 | €6,101 | €2,821 | -€3,280 | -53.8% |
| Cash at bank and in hand | 54/58 | €13,902 | €19,516 | +€5,614 | +40.4% |
| Deferred charges and accrued income | 490/1 | €4,165 | €4,332 | +€167 | +4.0% |
| Total equity and liabilities | 10/49 | €319,301 | €288,974 | -€30,327 | -9.5% |
| Equity | 10/15 | €125,887 | €127,248 | +€1,362 | +1.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €85,887 | €87,248 | +€1,362 | +1.6% |
| Non-distributable reserves | 130/1 | €1,237 | €1,237 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,237 | €1,237 | = | 0.0% |
| Distributable reserves | 133 | €84,650 | €86,011 | +€1,362 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €193,415 | €161,726 | -€31,689 | -16.4% |
| Amounts payable after more than one year | 17 | €66,112 | €40,913 | -€25,199 | -38.1% |
| Financial debts | 170/4 | €66,112 | €40,913 | -€25,199 | -38.1% |
| Amounts payable within one year | 42/48 | €121,760 | €116,773 | -€4,987 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €24,993 | €25,199 | +€206 | +0.8% |
| Trade debts | 44 | €2,404 | €1,403 | -€1,001 | -41.6% |
| Suppliers | 440/4 | €2,404 | €1,403 | -€1,001 | -41.6% |
| Taxes, remuneration and social security | 45 | €7,976 | €10,803 | +€2,827 | +35.4% |
| Taxes | 450/3 | €6,476 | €9,303 | +€2,827 | +43.6% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €86,387 | €79,368 | -€7,019 | -8.1% |
| Accrued charges and deferred income | 492/3 | €5,543 | €4,040 | -€1,503 | -27.1% |
| Non-recurring operating income | 76A | €5,785 | €0 | -€5,785 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,588 | €46,755 | +€2,166 | +4.9% |
| Other operating charges | 640/8 | €1,501 | €1,340 | -€161 | -10.7% |
| Gross operating margin | 9900 | €74,487 | €86,549 | +€12,062 | +16.2% |
| Operating profit (loss) | 9901 | €28,398 | €38,454 | +€10,057 | +35.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,830 | €6,207 | -€1,623 | -20.7% |
| Recurring financial charges | 65 | €7,830 | €6,207 | -€1,623 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €20,567 | €32,247 | +€11,680 | +56.8% |
| Income taxes | 67/77 | €4,679 | €8,734 | +€4,055 | +86.7% |
| Profit (loss) for the period | 9904 | €15,888 | €23,513 | +€7,625 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,888 | €23,513 | +€7,625 | +48.0% |
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 14 October 2026 via checked.be.