STRATEFI: what changed
Two fiscal 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.
STRATEFI
Largest movements
- Receivables within one year +€33,974
up €33,974 (+29.3%), from €115,906 to €149,880
of which Trade receivables: +€33,204
- Cash -€10,607
down €10,607 (-68.8%), from €15,415 to €4,808
mainly Receivables within one year (-€33,974) and Contributions, distributions and other (-€13)
- Trade debts +€10,971
up €10,971 (+26.8%), from €40,869 to €51,840
- Profit (loss) carried forward +€9,351
up €9,351 (+131.0%), from €7,136 to €16,487
- Tax, wage and social debts +€3,044
up €3,044 (+4619.1%), from €66 to €3,110
- Gross operating margin +€7,927
up €7,927 (+123.2%), from €6,436 to €14,363
- Other operating charges -€3,307
down €3,307 (-89.2%), from €3,706 to €400
- Taxes +€3,110
new in 2025: €3,110
- Financial charges -€2,048
down €2,048 (-57.9%), from €3,536 to €1,488
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.
Cash bridge derived
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 | €131,321 | €154,688 | +€23,367 | +17.8% |
| Current assets | 29/58 | €131,321 | €154,688 | +€23,367 | +17.8% |
| Amounts receivable within one year | 40/41 | €115,906 | €149,880 | +€33,974 | +29.3% |
| Trade receivables | 40 | €114,277 | €147,481 | +€33,204 | +29.1% |
| Other amounts receivable | 41 | €1,629 | €2,399 | +€770 | +47.3% |
| Cash at bank and in hand | 54/58 | €15,415 | €4,808 | -€10,607 | -68.8% |
| Total equity and liabilities | 10/49 | €131,321 | €154,688 | +€23,367 | +17.8% |
| Equity | 10/15 | €90,386 | €99,737 | +€9,351 | +10.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,250 | €21,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,136 | €16,487 | +€9,351 | +131.0% |
| Amounts payable | 17/49 | €40,935 | €54,951 | +€14,016 | +34.2% |
| Amounts payable within one year | 42/48 | €40,935 | €54,951 | +€14,016 | +34.2% |
| Trade debts | 44 | €40,869 | €51,840 | +€10,971 | +26.8% |
| Suppliers | 440/4 | €40,869 | €51,840 | +€10,971 | +26.8% |
| Taxes, remuneration and social security | 45 | €66 | €3,110 | +€3,044 | +4619.1% |
| Taxes | 450/3 | €66 | €3,110 | +€3,044 | +4619.1% |
| Other operating charges | 640/8 | €3,706 | €400 | -€3,307 | -89.2% |
| Gross operating margin | 9900 | €6,436 | €14,363 | +€7,927 | +123.2% |
| Operating profit (loss) | 9901 | €2,729 | €13,963 | +€11,233 | +411.6% |
| Financial charges | 65/66B | €3,536 | €1,488 | -€2,048 | -57.9% |
| Recurring financial charges | 65 | €3,536 | €1,488 | -€2,048 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | -€807 | €12,474 | +€13,281 | |
| Income taxes | 67/77 | - | €3,110 | +€3,110 | |
| Profit (loss) for the period | 9904 | -€807 | €9,364 | +€10,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€807 | €9,364 | +€10,171 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.