STRAPACK: 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.
What changed
STRAPACK
NACE 46.190, Agents in non-specialised wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€425,118
2024 · €503,731-€78,613
Equity
€3.5m
2024 · €3.1m+€325,118
Cash
€1.2m
2024 · €1.9m-€625,597
Balance sheet total
€4.4m
2024 · €5.0m-€589,704
Largest movements
Assets
- Cash -€625,597
down €625,597 (-33.7%), from €1.9m to €1.2m
mainly Trade debts (-€730,504) and Debts after one year (-€173,822)
Equity and liabilities
- Trade debts -€730,504
down €730,504 (-55.1%), from €1.3m to €595,996
- Reserves +€325,118
up €325,118 (+10.6%), from €3.1m to €3.4m
of which Distributable reserves: +€325,118
- Debts after one year -€173,822
no longer reported in 2025 (was €173,822)
Income statement
- Services and other goods +€177,893
up €177,893 (+61.2%), from €290,738 to €468,631
- Turnover -€162,745
down €162,745 (-2.7%), from €6.1m to €5.9m
- Other operating income +€103,701
up €103,701 (+776.5%), from €13,355 to €117,057
- Staff costs -€89,168
down €89,168 (-21.2%), from €420,956 to €331,788
- Taxes -€82,078
down €82,078 (-35.5%), from €230,964 to €148,886
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.
Result 2024
€503,731
Turnover
-€162,745
Other operating income
+€103,701
Goods and materials
+€10,081
Services and other goods
-€177,893
Staff costs
+€89,168
Depreciation
+€12,188
Other operating charges
-€433
Other operating items
-€34,141
Financial income
+€9,304
Financial charges
-€9,921
Taxes
+€82,078
Result 2025
€425,118
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.
From operations
-€329,358
Investment
-€26,921
Financing
-€269,319
Cash 2024
€1.9m
From operations (derived)
-€329,358
Net result for the year
+€425,118
Depreciation
+€14,161
Stocks and contracts
-€46,693
Receivables within one year
+€12,165
Deferred charges and accrued income
+€11,395
Trade debts
-€730,504
Tax, wage and social debts
-€8,716
Other debts
-€5,901
Accrued charges and deferred income
-€382
Investment (derived)
-€26,921
Investment in fixed assets (net)
-€26,921
Financing
-€269,319
Debts after one year
-€173,822
Current portion of long-term debt
+€4,504
Contributions, distributions and other
-€100,000
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,972,012 | €4,382,308 | -€589,704 | -11.9% |
| Fixed assets | 21/28 | €74,940 | €87,700 | +€12,760 | +17.0% |
| Intangible fixed assets | 21 | - | €12,800 | +€12,800 | |
| Tangible fixed assets | 22/27 | €18,911 | €16,021 | -€2,890 | -15.3% |
| Plant, machinery and equipment | 23 | €13,866 | €6,630 | -€7,236 | -52.2% |
| Furniture and vehicles | 24 | €5,045 | €9,390 | +€4,345 | +86.1% |
| Financial fixed assets | 28 | €56,029 | €58,879 | +€2,850 | +5.1% |
| Other financial fixed assets | 284/8 | €56,029 | €58,879 | +€2,850 | +5.1% |
| Amounts receivable and cash guarantees | 285/8 | €56,029 | €58,879 | +€2,850 | +5.1% |
| Current assets | 29/58 | €4,897,071 | €4,294,608 | -€602,464 | -12.3% |
| Stocks and contracts in progress | 3 | €2,292,374 | €2,339,067 | +€46,693 | +2.0% |
| Stocks | 30/36 | €2,292,374 | €2,339,067 | +€46,693 | +2.0% |
| Goods purchased for resale | 34 | €2,292,374 | €2,339,067 | +€46,693 | +2.0% |
| Amounts receivable within one year | 40/41 | €734,507 | €722,342 | -€12,165 | -1.7% |
| Trade receivables | 40 | €656,860 | €644,131 | -€12,728 | -1.9% |
| Other amounts receivable | 41 | €77,647 | €78,211 | +€563 | +0.7% |
| Cash at bank and in hand | 54/58 | €1,857,045 | €1,231,448 | -€625,597 | -33.7% |
| Deferred charges and accrued income | 490/1 | €13,146 | €1,751 | -€11,395 | -86.7% |
| Total equity and liabilities | 10/49 | €4,972,012 | €4,382,308 | -€589,704 | -11.9% |
| Equity | 10/15 | €3,138,907 | €3,464,024 | +€325,118 | +10.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,077,407 | €3,402,524 | +€325,118 | +10.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €3,071,257 | €3,396,374 | +€325,118 | +10.6% |
| Amounts payable | 17/49 | €1,833,105 | €918,283 | -€914,822 | -49.9% |
| Amounts payable after more than one year | 17 | €173,822 | - | -€173,822 | |
| Financial debts | 170/4 | €173,822 | - | -€173,822 | |
| Other loans | 174 | €173,822 | - | -€173,822 | |
| Amounts payable within one year | 42/48 | €1,658,507 | €917,890 | -€740,617 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €169,319 | €173,822 | +€4,504 | +2.7% |
| Trade debts | 44 | €1,326,500 | €595,996 | -€730,504 | -55.1% |
| Suppliers | 440/4 | €1,326,500 | €595,996 | -€730,504 | -55.1% |
| Taxes, remuneration and social security | 45 | €56,788 | €48,072 | -€8,716 | -15.3% |
| Taxes | 450/3 | €2,391 | €1,864 | -€527 | -22.1% |
| Remuneration and social security | 454/9 | €54,397 | €46,209 | -€8,188 | -15.1% |
| Other amounts payable | 47/48 | €105,901 | €100,000 | -€5,901 | -5.6% |
| Accrued charges and deferred income | 492/3 | €775 | €393 | -€382 | -49.3% |
| Operating income | 70/76A | €6,107,261 | €6,048,217 | -€59,044 | -1.0% |
| Turnover | 70 | €6,093,906 | €5,931,160 | -€162,745 | -2.7% |
| Other operating income | 74 | €13,355 | €117,057 | +€103,701 | +776.5% |
| Operating charges | 60/66A | €5,352,738 | €5,453,768 | +€101,030 | +1.9% |
| Goods for resale, raw materials and consumables | 60 | €4,611,626 | €4,601,545 | -€10,081 | -0.2% |
| Purchases | 600/8 | €4,289,333 | €5,245,769 | +€956,436 | +22.3% |
| Change in stocks: decrease (increase) | 609 | €322,293 | -€644,224 | -€966,517 | |
| Services and other goods | 61 | €290,738 | €468,631 | +€177,893 | +61.2% |
| Remuneration, social security and pensions | 62 | €420,956 | €331,788 | -€89,168 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,349 | €14,161 | -€12,188 | -46.3% |
| Other operating charges | 640/8 | €3,070 | €3,503 | +€433 | +14.1% |
| Non-recurring operating charges | 66A | - | €34,141 | +€34,141 | |
| Operating profit (loss) | 9901 | €754,522 | €594,449 | -€160,074 | -21.2% |
| Financial income | 75/76B | €5,983 | €15,286 | +€9,304 | +155.5% |
| Recurring financial income | 75 | €5,983 | €15,286 | +€9,304 | +155.5% |
| Other financial income | 752/9 | €5,983 | €15,286 | +€9,304 | +155.5% |
| Financial charges | 65/66B | €25,810 | €35,731 | +€9,921 | +38.4% |
| Recurring financial charges | 65 | €25,810 | €35,731 | +€9,921 | +38.4% |
| Debt charges | 650 | €10,849 | €9,015 | -€1,834 | -16.9% |
| Other financial charges | 652/9 | €14,962 | €26,717 | +€11,755 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €734,695 | €574,004 | -€160,691 | -21.9% |
| Income taxes | 67/77 | €230,964 | €148,886 | -€82,078 | -35.5% |
| Taxes | 670/3 | €230,964 | €148,886 | -€82,078 | -35.5% |
| Profit (loss) for the period | 9904 | €503,731 | €425,118 | -€78,613 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €503,731 | €425,118 | -€78,613 | -15.6% |
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 8 October 2026 via checked.be.