Stratego Accounts: 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.
Stratego Accounts
Largest movements
- Receivables within one year -€23,464
down €23,464 (-17.0%), from €137,915 to €114,451
of which Trade receivables: -€19,571
- Tangible fixed assets -€9,963
down €9,963 (-49.3%), from €20,220 to €10,257
- Cash -€5,951
down €5,951 (-13.8%), from €43,099 to €37,148
mainly Net result for the year (-€31,843) and Tax, wage and social debts (-€4,629)
- Profit (loss) carried forward -€31,843
down €31,843 (-41.7%), from €76,276 to €44,433
- Tax, wage and social debts -€4,629
down €4,629 (-49.5%), from €9,344 to €4,715
- Debts after one year -€3,824
down €3,824 (-43.1%), from €8,866 to €5,042
- Gross operating margin -€44,854
down €44,854, from €28,366 to -€16,488
- Depreciation +€8,905
up €8,905 (+842%), from €1,058 to €9,963
- Taxes -€6,205
down €6,205 (-69.1%), from €8,984 to €2,779
- Financial charges +€1,217
up €1,217 (+571%), from €213 to €1,430
- Other operating charges +€453
up €453 (+48.4%), from €936 to €1,389
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 | €201,234 | €161,856 | -€39,378 | -19.6% |
| Fixed assets | 21/28 | €20,220 | €10,257 | -€9,963 | -49.3% |
| Tangible fixed assets | 22/27 | €20,220 | €10,257 | -€9,963 | -49.3% |
| Furniture and vehicles | 24 | €20,220 | €10,257 | -€9,963 | -49.3% |
| Current assets | 29/58 | €181,014 | €151,599 | -€29,415 | -16.3% |
| Amounts receivable within one year | 40/41 | €137,915 | €114,451 | -€23,464 | -17.0% |
| Trade receivables | 40 | €24,108 | €4,537 | -€19,571 | -81.2% |
| Other amounts receivable | 41 | €113,807 | €109,914 | -€3,893 | -3.4% |
| Cash at bank and in hand | 54/58 | €43,099 | €37,148 | -€5,951 | -13.8% |
| Total equity and liabilities | 10/49 | €201,234 | €161,856 | -€39,378 | -19.6% |
| Equity | 10/15 | €180,057 | €148,214 | -€31,843 | -17.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Capital | 10 | €6,300 | €6,300 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,300 | €12,300 | = | 0.0% |
| Reserves | 13 | €97,481 | €97,481 | = | 0.0% |
| Non-distributable reserves | 130/1 | €97,481 | €97,481 | = | 0.0% |
| Other | 1319 | €97,481 | €97,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,276 | €44,433 | -€31,843 | -41.7% |
| Amounts payable | 17/49 | €21,177 | €13,642 | -€7,535 | -35.6% |
| Amounts payable after more than one year | 17 | €8,866 | €5,042 | -€3,824 | -43.1% |
| Financial debts | 170/4 | €8,866 | €5,042 | -€3,824 | -43.1% |
| Amounts payable within one year | 42/48 | €12,311 | €8,600 | -€3,711 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €2,967 | €3,825 | +€858 | +28.9% |
| Trade debts | 44 | - | €60 | +€60 | |
| Suppliers | 440/4 | - | €60 | +€60 | |
| Taxes, remuneration and social security | 45 | €9,344 | €4,715 | -€4,629 | -49.5% |
| Taxes | 450/3 | €9,344 | €4,715 | -€4,629 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,058 | €9,963 | +€8,905 | +842% |
| Other operating charges | 640/8 | €936 | €1,389 | +€453 | +48.4% |
| Gross operating margin | 9900 | €28,366 | -€16,488 | -€44,854 | |
| Operating profit (loss) | 9901 | €26,372 | -€27,840 | -€54,212 | |
| Financial income | 75/76B | €229 | €206 | -€23 | -10.0% |
| Recurring financial income | 75 | €229 | €206 | -€23 | -10.0% |
| Financial charges | 65/66B | €213 | €1,430 | +€1,217 | +571% |
| Recurring financial charges | 65 | €213 | €1,430 | +€1,217 | +571% |
| Profit (loss) for the period before taxes | 9903 | €26,388 | -€29,064 | -€55,452 | |
| Income taxes | 67/77 | €8,984 | €2,779 | -€6,205 | -69.1% |
| Profit (loss) for the period | 9904 | €17,404 | -€31,843 | -€49,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,404 | -€31,843 | -€49,247 |
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 22 October 2026 via checked.be.