STRATE 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.
STRATE UP
Largest movements
- Cash -€12,892
down €12,892 (-27.4%), from €47,086 to €34,194
mainly Contributions, distributions and other (-€58,406) and Other debts (-€11,733)
- Receivables within one year -€12,421
down €12,421 (-31.9%), from €38,942 to €26,521
of which Other amounts receivable: -€15,778
- Tangible fixed assets -€11,922
down €11,922 (-49.3%), from €24,192 to €12,270
- Other debts -€11,733
down €11,733 (-16.7%), from €70,139 to €58,406
- Debts after one year -€10,196
no longer reported in 2025 (was €10,196)
- Tax, wage and social debts -€7,475
no longer reported in 2025 (was €7,475)
- Accrued charges and deferred income -€5,375
no longer reported in 2025 (was €5,375)
- Current portion of long-term debt -€1,669
down €1,669 (-14.1%), from €11,865 to €10,196
- Gross operating margin -€11,134
down €11,134 (-11.4%), from €97,403 to €86,268
- Depreciation +€11,093
up €11,093 (+465%), from €2,387 to €13,480
- Taxes -€9,578
down €9,578 (-39.1%), from €24,475 to €14,897
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 | €111,064 | €74,906 | -€36,158 | -32.6% |
| Fixed assets | 21/28 | €24,192 | €12,270 | -€11,922 | -49.3% |
| Tangible fixed assets | 22/27 | €24,192 | €12,270 | -€11,922 | -49.3% |
| Furniture and vehicles | 24 | €24,192 | €12,270 | -€11,922 | -49.3% |
| Current assets | 29/58 | €86,871 | €62,635 | -€24,236 | -27.9% |
| Amounts receivable within one year | 40/41 | €38,942 | €26,521 | -€12,421 | -31.9% |
| Trade receivables | 40 | - | €3,357 | +€3,357 | |
| Other amounts receivable | 41 | €38,942 | €23,164 | -€15,778 | -40.5% |
| Cash at bank and in hand | 54/58 | €47,086 | €34,194 | -€12,892 | -27.4% |
| Deferred charges and accrued income | 490/1 | €843 | €1,920 | +€1,077 | +128% |
| Total equity and liabilities | 10/49 | €111,064 | €74,906 | -€36,158 | -32.6% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €106,064 | €69,906 | -€36,158 | -34.1% |
| Amounts payable after more than one year | 17 | €10,196 | - | -€10,196 | |
| Financial debts | 170/4 | €10,196 | - | -€10,196 | |
| Amounts payable within one year | 42/48 | €90,493 | €69,906 | -€20,587 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €11,865 | €10,196 | -€1,669 | -14.1% |
| Trade debts | 44 | €1,013 | €1,304 | +€291 | +28.7% |
| Suppliers | 440/4 | €1,013 | €1,304 | +€291 | +28.7% |
| Taxes, remuneration and social security | 45 | €7,475 | - | -€7,475 | |
| Taxes | 450/3 | €7,475 | - | -€7,475 | |
| Other amounts payable | 47/48 | €70,139 | €58,406 | -€11,733 | -16.7% |
| Accrued charges and deferred income | 492/3 | €5,375 | - | -€5,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,387 | €13,480 | +€11,093 | +465% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €97,403 | €86,268 | -€11,134 | -11.4% |
| Operating profit (loss) | 9901 | €94,629 | €72,788 | -€21,840 | -23.1% |
| Financial income | 75/76B | €1,148 | €1,232 | +€84 | +7.3% |
| Recurring financial income | 75 | €1,148 | €1,232 | +€84 | +7.3% |
| Financial charges | 65/66B | €1,162 | €717 | -€445 | -38.3% |
| Recurring financial charges | 65 | €1,162 | €717 | -€445 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €94,614 | €73,303 | -€21,311 | -22.5% |
| Income taxes | 67/77 | €24,475 | €14,897 | -€9,578 | -39.1% |
| Profit (loss) for the period | 9904 | €70,139 | €58,406 | -€11,733 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,139 | €58,406 | -€11,733 | -16.7% |
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 20 October 2026 via checked.be.