STRAT UP: 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 UP
Largest movements
- Receivables within one year +€614,772
up €614,772 (+170%), from €360,868 to €975,639
of which Other amounts receivable: +€615,412
- Financial fixed assets -€355,625
down €355,625 (-38.3%), from €928,494 to €572,869
- Receivables after one year -€318,740
down €318,740 (-93.1%), from €342,395 to €23,655
- Tangible fixed assets -€64,190
down €64,190 (-4.0%), from €1.6m to €1.5m
of which Land and buildings: -€43,495
- Debts after one year -€171,568
down €171,568 (-12.9%), from €1.3m to €1.2m
of which Financial debts: -€171,568
- Profit (loss) carried forward +€60,148
up €60,148 (+1.7%), from €3.5m to €3.6m
- Financial charges +€358,955
up €358,955 (+195%), from €184,311 to €543,267
of which Non-recurring financial charges: +€360,045
- Financial income +€140,286
up €140,286 (+53.9%), from €260,153 to €400,439
of which Financial income: +€78,498
- Taxes +€24,822
up €24,822 (+22.1%), from €112,327 to €137,149
- Gross operating margin +€6,121
up €6,121 (+1.5%), from €407,736 to €413,857
- Depreciation -€4,668
down €4,668 (-7.3%), from €64,370 to €59,702
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 | €5,093,518 | €4,991,836 | -€101,682 | -2.0% |
| Fixed assets | 21/28 | €2,542,060 | €2,122,244 | -€419,815 | -16.5% |
| Tangible fixed assets | 22/27 | €1,613,566 | €1,549,375 | -€64,190 | -4.0% |
| Land and buildings | 22 | €1,545,808 | €1,502,313 | -€43,495 | -2.8% |
| Furniture and vehicles | 24 | €66,733 | €46,168 | -€20,565 | -30.8% |
| Other tangible fixed assets | 26 | €1,024 | €894 | -€130 | -12.7% |
| Financial fixed assets | 28 | €928,494 | €572,869 | -€355,625 | -38.3% |
| Current assets | 29/58 | €2,551,458 | €2,869,592 | +€318,134 | +12.5% |
| Amounts receivable after more than one year | 29 | €342,395 | €23,655 | -€318,740 | -93.1% |
| Other amounts receivable | 291 | €342,395 | €23,655 | -€318,740 | -93.1% |
| Amounts receivable within one year | 40/41 | €360,868 | €975,639 | +€614,772 | +170% |
| Trade receivables | 40 | €2,452 | €1,812 | -€640 | -26.1% |
| Other amounts receivable | 41 | €358,416 | €973,828 | +€615,412 | +172% |
| Cash at bank and in hand | 54/58 | €1,843,301 | €1,862,980 | +€19,679 | +1.1% |
| Deferred charges and accrued income | 490/1 | €4,894 | €7,317 | +€2,423 | +49.5% |
| Total equity and liabilities | 10/49 | €5,093,518 | €4,991,836 | -€101,682 | -2.0% |
| Equity | 10/15 | €3,523,573 | €3,583,721 | +€60,148 | +1.7% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Revaluation surpluses | 12 | €1,242 | €1,242 | = | 0.0% |
| Reserves | 13 | €4,588 | €4,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Tax-exempt reserves | 132 | €2,688 | €2,688 | = | 0.0% |
| Distributable reserves | 133 | - | €1,900 | +€1,900 | |
| Profit (loss) carried forward | 14 | €3,511,343 | €3,571,491 | +€60,148 | +1.7% |
| Amounts payable | 17/49 | €1,569,945 | €1,408,115 | -€161,830 | -10.3% |
| Amounts payable after more than one year | 17 | €1,326,167 | €1,154,600 | -€171,568 | -12.9% |
| Financial debts | 170/4 | €1,302,512 | €1,130,945 | -€171,568 | -13.2% |
| Other amounts payable | 178/9 | €23,655 | €23,655 | = | 0.0% |
| Amounts payable within one year | 42/48 | €238,762 | €248,503 | +€9,741 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €168,994 | €171,568 | +€2,573 | +1.5% |
| Trade debts | 44 | €1,978 | €4,395 | +€2,417 | +122% |
| Suppliers | 440/4 | €1,978 | €4,395 | +€2,417 | +122% |
| Taxes, remuneration and social security | 45 | €67,790 | €72,541 | +€4,751 | +7.0% |
| Taxes | 450/3 | €67,790 | €72,541 | +€4,751 | +7.0% |
| Accrued charges and deferred income | 492/3 | €5,016 | €5,012 | -€4 | -0.1% |
| Non-recurring operating income | 76A | €9,504 | - | -€9,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,370 | €59,702 | -€4,668 | -7.3% |
| Other operating charges | 640/8 | €10,373 | €14,031 | +€3,658 | +35.3% |
| Gross operating margin | 9900 | €407,736 | €413,857 | +€6,121 | +1.5% |
| Operating profit (loss) | 9901 | €332,993 | €340,124 | +€7,132 | +2.1% |
| Financial income | 75/76B | €260,153 | €400,439 | +€140,286 | +53.9% |
| Recurring financial income | 75 | €202,974 | €281,472 | +€78,498 | +38.7% |
| Non-recurring financial income | 76B | €57,179 | €118,967 | +€61,787 | +108% |
| Financial charges | 65/66B | €184,311 | €543,267 | +€358,955 | +195% |
| Recurring financial charges | 65 | €23,867 | €22,777 | -€1,090 | -4.6% |
| Non-recurring financial charges | 66B | €160,444 | €520,489 | +€360,045 | +224% |
| Profit (loss) for the period before taxes | 9903 | €408,835 | €197,297 | -€211,538 | -51.7% |
| Income taxes | 67/77 | €112,327 | €137,149 | +€24,822 | +22.1% |
| Profit (loss) for the period | 9904 | €296,508 | €60,148 | -€236,360 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €296,508 | €60,148 | -€236,360 | -79.7% |
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 18 October 2026 via checked.be.