STRATEFIN: 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.
STRATEFIN
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables after one year +€66,667
up €66,667 (+10.9%), from €612,499 to €679,166
- Cash +€62,069
up €62,069 (+68.2%), from €90,973 to €153,042
mainly Current investments (+€100,000) and Receivables within one year (+€56,542)
- Receivables within one year -€56,542
down €56,542 (-38.5%), from €146,967 to €90,424
of which Trade receivables: -€57,583
- Financial fixed assets -€23,292
down €23,292 (-19.4%), from €120,106 to €96,815
- Profit (loss) carried forward -€79,612
down €79,612 (-45.3%), from €175,845 to €96,234
- Other debts +€41,372
up €41,372 (+107.1%), from €38,628 to €80,000
- Reserves -€15,000
down €15,000 (-2.4%), from €630,335 to €615,335
of which Distributable reserves: -€15,000
- Tax, wage and social debts -€14,417
down €14,417 (-28.0%), from €51,524 to €37,107
- Financial charges +€28,245
up €28,245 (+1784.5%), from €1,583 to €29,827
- Financial income -€22,006
down €22,006 (-55.3%), from €39,773 to €17,767
- Gross operating margin -€16,273
down €16,273 (-18.0%), from €90,411 to €74,139
- Taxes -€14,312
down €14,312 (-37.2%), from €38,468 to €24,157
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 | €1,131,713 | €1,062,066 | -€69,646 | -6.2% |
| Fixed assets | 21/28 | €143,076 | €119,100 | -€23,976 | -16.8% |
| Tangible fixed assets | 22/27 | €22,970 | €22,285 | -€685 | -3.0% |
| Plant, machinery and equipment | 23 | €1,152 | €480 | -€673 | -58.4% |
| Furniture and vehicles | 24 | €21,082 | €21,493 | +€412 | +2.0% |
| Other tangible fixed assets | 26 | €736 | €312 | -€424 | -57.6% |
| Financial fixed assets | 28 | €120,106 | €96,815 | -€23,292 | -19.4% |
| Current assets | 29/58 | €988,636 | €942,967 | -€45,670 | -4.6% |
| Amounts receivable after more than one year | 29 | €612,499 | €679,166 | +€66,667 | +10.9% |
| Trade receivables | 290 | €612,499 | €679,166 | +€66,667 | +10.9% |
| Amounts receivable within one year | 40/41 | €146,967 | €90,424 | -€56,542 | -38.5% |
| Trade receivables | 40 | €83,451 | €25,868 | -€57,583 | -69.0% |
| Other amounts receivable | 41 | €63,516 | €64,557 | +€1,041 | +1.6% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €90,973 | €153,042 | +€62,069 | +68.2% |
| Deferred charges and accrued income | 490/1 | €38,197 | €20,334 | -€17,863 | -46.8% |
| Total equity and liabilities | 10/49 | €1,131,713 | €1,062,066 | -€69,646 | -6.2% |
| Equity | 10/15 | €1,035,381 | €940,769 | -€94,612 | -9.1% |
| Contributions | 10/11 | €229,200 | €229,200 | = | 0.0% |
| Reserves | 13 | €630,335 | €615,335 | -€15,000 | -2.4% |
| Tax-exempt reserves | 132 | €0 | €0 | = | 0.0% |
| Distributable reserves | 133 | €630,335 | €615,335 | -€15,000 | -2.4% |
| Profit (loss) carried forward | 14 | €175,845 | €96,234 | -€79,612 | -45.3% |
| Amounts payable | 17/49 | €96,332 | €121,298 | +€24,966 | +25.9% |
| Amounts payable within one year | 42/48 | €96,332 | €121,298 | +€24,966 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €918 | - | -€918 | |
| Financial debts | 43 | - | €3,039 | +€3,039 | |
| Credit institutions | 430/8 | - | €3,039 | +€3,039 | |
| Trade debts | 44 | €5,262 | €1,152 | -€4,111 | -78.1% |
| Suppliers | 440/4 | €5,262 | €1,152 | -€4,111 | -78.1% |
| Taxes, remuneration and social security | 45 | €51,524 | €37,107 | -€14,417 | -28.0% |
| Taxes | 450/3 | €51,524 | €37,107 | -€14,417 | -28.0% |
| Other amounts payable | 47/48 | €38,628 | €80,000 | +€41,372 | +107.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €1,520 | -€493 | -24.5% |
| Other operating charges | 640/8 | €1,005 | €1,013 | +€8 | +0.8% |
| Gross operating margin | 9900 | €90,411 | €74,139 | -€16,273 | -18.0% |
| Operating profit (loss) | 9901 | €87,393 | €71,606 | -€15,787 | -18.1% |
| Financial income | 75/76B | €39,773 | €17,767 | -€22,006 | -55.3% |
| Recurring financial income | 75 | €39,773 | €17,767 | -€22,006 | -55.3% |
| Financial charges | 65/66B | €1,583 | €29,827 | +€28,245 | +1784.5% |
| Recurring financial charges | 65 | €1,583 | €29,827 | +€28,245 | +1784.5% |
| Profit (loss) for the period before taxes | 9903 | €125,583 | €59,545 | -€66,038 | -52.6% |
| Income taxes | 67/77 | €38,468 | €24,157 | -€14,312 | -37.2% |
| Profit (loss) for the period | 9904 | €87,115 | €35,388 | -€51,726 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,115 | €35,388 | -€51,726 | -59.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.