Strat&Fin: 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&Fin
Largest movements
- Cash -€33,118
down €33,118 (-11.9%), from €278,617 to €245,499
mainly Contributions, distributions and other (-€179,358) and Tax, wage and social debts (-€1,707)
- Tangible fixed assets -€13,163
down €13,163 (-26.1%), from €50,375 to €37,213
of which Furniture and vehicles: -€12,441
- Receivables within one year -€4,772
down €4,772 (-6.6%), from €72,107 to €67,335
of which Trade receivables: -€12,309
- Reserves -€82,328
down €82,328 (-45.7%), from €180,214 to €97,886
- Trade debts +€19,537
up €19,537 (+187%), from €10,433 to €29,971
- Profit (loss) carried forward +€8,762
up €8,762 (+6.1%), from €143,687 to €152,450
- Other debts +€4,303
new in 2025: €4,303
- Taxes -€6,064
down €6,064 (-16.4%), from €37,045 to €30,981
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 | €401,480 | €350,047 | -€51,433 | -12.8% |
| Fixed assets | 21/28 | €50,375 | €37,213 | -€13,163 | -26.1% |
| Tangible fixed assets | 22/27 | €50,375 | €37,213 | -€13,163 | -26.1% |
| Plant, machinery and equipment | 23 | €2,165 | €1,442 | -€722 | -33.4% |
| Furniture and vehicles | 24 | €48,211 | €35,770 | -€12,441 | -25.8% |
| Current assets | 29/58 | €351,105 | €312,835 | -€38,270 | -10.9% |
| Amounts receivable within one year | 40/41 | €72,107 | €67,335 | -€4,772 | -6.6% |
| Trade receivables | 40 | €66,700 | €54,391 | -€12,309 | -18.5% |
| Other amounts receivable | 41 | €5,407 | €12,944 | +€7,537 | +139% |
| Cash at bank and in hand | 54/58 | €278,617 | €245,499 | -€33,118 | -11.9% |
| Deferred charges and accrued income | 490/1 | €380 | - | -€380 | |
| Total equity and liabilities | 10/49 | €401,480 | €350,047 | -€51,433 | -12.8% |
| Equity | 10/15 | €342,501 | €268,935 | -€73,566 | -21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,214 | €97,886 | -€82,328 | -45.7% |
| Distributable reserves | 133 | €180,214 | €97,886 | -€82,328 | -45.7% |
| Profit (loss) carried forward | 14 | €143,687 | €152,450 | +€8,762 | +6.1% |
| Amounts payable | 17/49 | €58,979 | €81,112 | +€22,133 | +37.5% |
| Amounts payable within one year | 42/48 | €58,979 | €81,112 | +€22,133 | +37.5% |
| Trade debts | 44 | €10,433 | €29,971 | +€19,537 | +187% |
| Suppliers | 440/4 | €10,433 | €29,971 | +€19,537 | +187% |
| Taxes, remuneration and social security | 45 | €48,546 | €46,839 | -€1,707 | -3.5% |
| Taxes | 450/3 | €48,546 | €46,839 | -€1,707 | -3.5% |
| Other amounts payable | 47/48 | - | €4,303 | +€4,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,194 | €13,163 | +€969 | +7.9% |
| Other operating charges | 640/8 | €514 | €590 | +€76 | +14.9% |
| Gross operating margin | 9900 | €150,202 | €151,171 | +€969 | +0.6% |
| Operating profit (loss) | 9901 | €137,495 | €137,418 | -€77 | -0.1% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €78 | €653 | +€575 | +737% |
| Recurring financial charges | 65 | €78 | €653 | +€575 | +737% |
| Profit (loss) for the period before taxes | 9903 | €137,416 | €136,772 | -€644 | -0.5% |
| Income taxes | 67/77 | €37,045 | €30,981 | -€6,064 | -16.4% |
| Profit (loss) for the period | 9904 | €100,372 | €105,792 | +€5,420 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,372 | €105,792 | +€5,420 | +5.4% |
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 13 October 2026 via checked.be.