STRAT AND GO: 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.
STRAT AND GO
Largest movements
- Receivables within one year +€193,548
up €193,548 (+44.8%), from €432,146 to €625,695
of which Trade receivables: +€171,447
- Deferred charges and accrued income -€53,614
no longer reported in 2025 (was €53,614)
- Other debts +€170,850
up €170,850 (+610%), from €28,000 to €198,850
- Reserves -€75,900
down €75,900 (-18.5%), from €409,409 to €333,509
- Short-term financial debts +€21,620
up €21,620 (+324%), from €6,667 to €28,287
- Tax, wage and social debts +€11,821
up €11,821 (+38.3%), from €30,902 to €42,723
of which Taxes: +€16,222
- Gross operating margin +€69,448
up €69,448 (+68.6%), from €101,266 to €170,714
- Taxes +€23,408
up €23,408 (+75.6%), from €30,976 to €54,384
- Financial income +€2,009
up €2,009 (+21.8%), from €9,208 to €11,217
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 | €500,635 | €633,675 | +€133,040 | +26.6% |
| Fixed assets | 21/28 | €10,873 | €7,336 | -€3,537 | -32.5% |
| Tangible fixed assets | 22/27 | €10,873 | €7,336 | -€3,537 | -32.5% |
| Plant, machinery and equipment | 23 | €6,184 | €4,674 | -€1,510 | -24.4% |
| Furniture and vehicles | 24 | €4,689 | €2,662 | -€2,027 | -43.2% |
| Current assets | 29/58 | €489,762 | €626,339 | +€136,577 | +27.9% |
| Amounts receivable within one year | 40/41 | €432,146 | €625,695 | +€193,548 | +44.8% |
| Trade receivables | 40 | €28,094 | €199,541 | +€171,447 | +610% |
| Other amounts receivable | 41 | €404,052 | €426,154 | +€22,102 | +5.5% |
| Cash at bank and in hand | 54/58 | €4,001 | €644 | -€3,357 | -83.9% |
| Deferred charges and accrued income | 490/1 | €53,614 | - | -€53,614 | |
| Total equity and liabilities | 10/49 | €500,635 | €633,675 | +€133,040 | +26.6% |
| Equity | 10/15 | €430,266 | €354,373 | -€75,893 | -17.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €409,409 | €333,509 | -€75,900 | -18.5% |
| Distributable reserves | 133 | €409,409 | €333,509 | -€75,900 | -18.5% |
| Profit (loss) carried forward | 14 | €2,264 | €2,272 | +€7 | +0.3% |
| Amounts payable | 17/49 | €70,369 | €279,302 | +€208,933 | +297% |
| Amounts payable within one year | 42/48 | €70,369 | €279,302 | +€208,933 | +297% |
| Financial debts | 43 | €6,667 | €28,287 | +€21,620 | +324% |
| Credit institutions | 430/8 | €6,667 | €28,287 | +€21,620 | +324% |
| Trade debts | 44 | €4,800 | €9,442 | +€4,642 | +96.7% |
| Suppliers | 440/4 | €4,800 | €9,442 | +€4,642 | +96.7% |
| Taxes, remuneration and social security | 45 | €30,902 | €42,723 | +€11,821 | +38.3% |
| Taxes | 450/3 | €26,500 | €42,723 | +€16,222 | +61.2% |
| Remuneration and social security | 454/9 | €4,402 | - | -€4,402 | |
| Other amounts payable | 47/48 | €28,000 | €198,850 | +€170,850 | +610% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,387 | €3,537 | +€149 | +4.4% |
| Other operating charges | 640/8 | €452 | €414 | -€39 | -8.6% |
| Gross operating margin | 9900 | €101,266 | €170,714 | +€69,448 | +68.6% |
| Operating profit (loss) | 9901 | €97,427 | €166,764 | +€69,337 | +71.2% |
| Financial income | 75/76B | €9,208 | €11,217 | +€2,009 | +21.8% |
| Recurring financial income | 75 | €9,208 | €11,217 | +€2,009 | +21.8% |
| Financial charges | 65/66B | €365 | €639 | +€274 | +75.2% |
| Recurring financial charges | 65 | €365 | €639 | +€274 | +75.2% |
| Profit (loss) for the period before taxes | 9903 | €106,270 | €177,341 | +€71,072 | +66.9% |
| Income taxes | 67/77 | €30,976 | €54,384 | +€23,408 | +75.6% |
| Profit (loss) for the period | 9904 | €75,293 | €122,957 | +€47,664 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,293 | €122,957 | +€47,664 | +63.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.