STRATAGEM INTER - ACT: 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.
STRATAGEM INTER - ACT
Largest movements
- Receivables within one year +€208,211
up €208,211 (+1,870%), from €11,132 to €219,343
of which Other amounts receivable: +€197,415
- Cash -€116,447
down €116,447 (-95.6%), from €121,792 to €5,345
mainly Receivables within one year (-€208,211) and Other debts (-€169,656)
- Tangible fixed assets -€25,829
down €25,829 (-3.1%), from €824,955 to €799,126
of which Other tangible fixed assets: -€41,867
- Other debts -€169,656
down €169,656 (-99.8%), from €170,076 to €420
- Reserves +€99,000
up €99,000 (+27.9%), from €354,914 to €453,914
of which Distributable reserves: +€99,000
- Debts after one year +€89,517
up €89,517 (+114%), from €78,567 to €168,084
- Tax, wage and social debts +€30,515
up €30,515 (+83.1%), from €36,725 to €67,240
of which Taxes: +€24,292
- Current portion of long-term debt +€13,967
up €13,967 (+25.4%), from €55,017 to €68,984
- Depreciation -€19,930
down €19,930 (-18.5%), from €107,471 to €87,541
- Staff costs +€19,037
new in 2025: €19,037
- Taxes +€12,421
up €12,421 (+23.0%), from €54,096 to €66,517
- Financial income +€4,781
up €4,781 (+457%), from €1,046 to €5,827
- Other operating charges +€3,648
up €3,648 (+61.6%), from €5,923 to €9,571
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 | €963,787 | €1,031,545 | +€67,758 | +7.0% |
| Fixed assets | 21/28 | €824,955 | €799,126 | -€25,829 | -3.1% |
| Tangible fixed assets | 22/27 | €824,955 | €799,126 | -€25,829 | -3.1% |
| Furniture and vehicles | 24 | €10,210 | €26,248 | +€16,038 | +157% |
| Other tangible fixed assets | 26 | €814,745 | €772,878 | -€41,867 | -5.1% |
| Current assets | 29/58 | €138,832 | €232,419 | +€93,587 | +67.4% |
| Amounts receivable within one year | 40/41 | €11,132 | €219,343 | +€208,211 | +1,870% |
| Trade receivables | 40 | €11,132 | €21,928 | +€10,796 | +97.0% |
| Other amounts receivable | 41 | - | €197,415 | +€197,415 | |
| Cash at bank and in hand | 54/58 | €121,792 | €5,345 | -€116,447 | -95.6% |
| Deferred charges and accrued income | 490/1 | €5,908 | €7,731 | +€1,823 | +30.9% |
| Total equity and liabilities | 10/49 | €963,787 | €1,031,545 | +€67,758 | +7.0% |
| Equity | 10/15 | €616,384 | €716,237 | +€99,853 | +16.2% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €354,914 | €453,914 | +€99,000 | +27.9% |
| Tax-exempt reserves | 132 | €11,414 | €11,414 | = | 0.0% |
| Distributable reserves | 133 | €343,500 | €442,500 | +€99,000 | +28.8% |
| Profit (loss) carried forward | 14 | €1,470 | €2,323 | +€853 | +58.0% |
| Amounts payable | 17/49 | €347,403 | €315,308 | -€32,095 | -9.2% |
| Amounts payable after more than one year | 17 | €78,567 | €168,084 | +€89,517 | +114% |
| Financial debts | 170/4 | €78,567 | €168,084 | +€89,517 | +114% |
| Amounts payable within one year | 42/48 | €266,186 | €143,699 | -€122,487 | -46.0% |
| Current portion of amounts payable after more than one year | 42 | €55,017 | €68,984 | +€13,967 | +25.4% |
| Trade debts | 44 | €4,368 | €7,055 | +€2,687 | +61.5% |
| Suppliers | 440/4 | €4,368 | €7,055 | +€2,687 | +61.5% |
| Taxes, remuneration and social security | 45 | €36,725 | €67,240 | +€30,515 | +83.1% |
| Taxes | 450/3 | €36,725 | €61,017 | +€24,292 | +66.1% |
| Remuneration and social security | 454/9 | - | €6,223 | +€6,223 | |
| Other amounts payable | 47/48 | €170,076 | €420 | -€169,656 | -99.8% |
| Accrued charges and deferred income | 492/3 | €2,650 | €3,525 | +€875 | +33.0% |
| Remuneration, social security and pensions | 62 | - | €19,037 | +€19,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,471 | €87,541 | -€19,930 | -18.5% |
| Other operating charges | 640/8 | €5,923 | €9,571 | +€3,648 | +61.6% |
| Gross operating margin | 9900 | €279,389 | €282,534 | +€3,145 | +1.1% |
| Operating profit (loss) | 9901 | €165,995 | €166,385 | +€390 | +0.2% |
| Financial income | 75/76B | €1,046 | €5,827 | +€4,781 | +457% |
| Recurring financial income | 75 | €1,046 | €5,827 | +€4,781 | +457% |
| Financial charges | 65/66B | €6,078 | €5,842 | -€236 | -3.9% |
| Recurring financial charges | 65 | €6,078 | €5,842 | -€236 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €160,963 | €166,370 | +€5,407 | +3.4% |
| Income taxes | 67/77 | €54,096 | €66,517 | +€12,421 | +23.0% |
| Profit (loss) for the period | 9904 | €106,867 | €99,853 | -€7,014 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,867 | €99,853 | -€7,014 | -6.6% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.