STRAPS: 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.
STRAPS
Largest movements
- Tangible fixed assets -€56,262
down €56,262 (-3.3%), from €1.7m to €1.7m
of which Land and buildings: -€52,326
- Cash +€53,874
up €53,874 (+55.4%), from €97,190 to €151,063
mainly Depreciation (+€58,382) and Other debts (+€40,694)
- Other debts +€40,694
up €40,694 (+6.1%), from €671,815 to €712,509
- Reserves -€22,925
down €22,925 (-2.7%), from €840,102 to €817,177
of which Tax-exempt reserves: -€22,925
- Profit (loss) carried forward -€19,618
down €19,618 (-81.9%), from €23,943 to €4,325
- Depreciation -€11,753
down €11,753 (-16.8%), from €70,134 to €58,382
- Gross operating margin +€5,639
up €5,639 (+7.5%), from €75,344 to €80,982
- Taxes +€2,536
new in 2025: €2,536
- Other operating charges +€873
up €873 (+4.3%), from €20,262 to €21,136
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 | €1,831,796 | €1,824,010 | -€7,786 | -0.4% |
| Fixed assets | 21/28 | €1,727,844 | €1,671,482 | -€56,362 | -3.3% |
| Tangible fixed assets | 22/27 | €1,727,744 | €1,671,482 | -€56,262 | -3.3% |
| Land and buildings | 22 | €1,722,939 | €1,670,613 | -€52,326 | -3.0% |
| Plant, machinery and equipment | 23 | €1,957 | €869 | -€1,088 | -55.6% |
| Furniture and vehicles | 24 | €2,848 | - | -€2,848 | |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €103,952 | €152,528 | +€48,576 | +46.7% |
| Amounts receivable within one year | 40/41 | €2,500 | €1,464 | -€1,036 | -41.4% |
| Other amounts receivable | 41 | €2,500 | €1,464 | -€1,036 | -41.4% |
| Cash at bank and in hand | 54/58 | €97,190 | €151,063 | +€53,874 | +55.4% |
| Deferred charges and accrued income | 490/1 | €4,263 | - | -€4,263 | |
| Total equity and liabilities | 10/49 | €1,831,796 | €1,824,010 | -€7,786 | -0.4% |
| Equity | 10/15 | €911,147 | €868,185 | -€42,961 | -4.7% |
| Contributions | 10/11 | €43,500 | €43,500 | = | 0.0% |
| Reserves | 13 | €840,102 | €817,177 | -€22,925 | -2.7% |
| Tax-exempt reserves | 132 | €665,291 | €642,366 | -€22,925 | -3.4% |
| Distributable reserves | 133 | €174,811 | €174,811 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,943 | €4,325 | -€19,618 | -81.9% |
| Investment grants | 15 | €3,601 | €3,184 | -€418 | -11.6% |
| Provisions and deferred taxes | 16 | €223,404 | €215,121 | -€8,283 | -3.7% |
| Deferred taxes | 168 | €223,404 | €215,121 | -€8,283 | -3.7% |
| Amounts payable | 17/49 | €697,246 | €740,703 | +€43,458 | +6.2% |
| Amounts payable after more than one year | 17 | €20,510 | €27,518 | +€7,009 | +34.2% |
| Other amounts payable | 178/9 | €20,510 | €27,518 | +€7,009 | +34.2% |
| Amounts payable within one year | 42/48 | €676,736 | €713,185 | +€36,449 | +5.4% |
| Trade debts | 44 | €3,921 | €676 | -€3,245 | -82.8% |
| Suppliers | 440/4 | €3,921 | €676 | -€3,245 | -82.8% |
| Taxes, remuneration and social security | 45 | €1,000 | - | -€1,000 | |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €671,815 | €712,509 | +€40,694 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,134 | €58,382 | -€11,753 | -16.8% |
| Other operating charges | 640/8 | €20,262 | €21,136 | +€873 | +4.3% |
| Gross operating margin | 9900 | €75,344 | €80,982 | +€5,639 | +7.5% |
| Operating profit (loss) | 9901 | -€15,053 | €1,465 | +€16,518 | |
| Financial income | 75/76B | €458 | €428 | -€30 | -6.5% |
| Recurring financial income | 75 | €458 | €428 | -€30 | -6.5% |
| Financial charges | 65/66B | €518 | €183 | -€335 | -64.6% |
| Recurring financial charges | 65 | €518 | €183 | -€335 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,113 | €1,710 | +€16,823 | |
| Transfer from deferred taxes | 780 | €8,283 | €8,283 | = | 0.0% |
| Income taxes | 67/77 | - | €2,536 | +€2,536 | |
| Profit (loss) for the period | 9904 | -€6,830 | €7,457 | +€14,287 | |
| Transfer from tax-exempt reserves | 789 | €22,925 | €22,925 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,095 | €30,382 | +€14,287 | +88.8% |
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 10 October 2026 via checked.be.