STRATEGON: 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.
STRATEGON
Largest movements
- Tangible fixed assets -€13,409
down €13,409 (-34.4%), from €39,030 to €25,621
of which Furniture and vehicles: -€14,127
- Receivables within one year -€5,881
down €5,881 (-69.8%), from €8,428 to €2,547
of which Trade receivables: -€6,083
- Cash +€2,545
up €2,545 (+278.9%), from €912 to €3,457
mainly Other debts (+€40,245) and Depreciation (+€14,712)
- Deferred charges and accrued income -€1,630
down €1,630 (-52.2%), from €3,121 to €1,491
- Financial fixed assets -€844
down €844 (-100.0%), from €844 to €0
- Other debts +€40,245
up €40,245 (+109.1%), from €36,897 to €77,142
- Profit (loss) carried forward -€23,214
down €23,214 (-24.9%), from -€93,231 to -€116,445
- Current portion of long-term debt -€13,781
down €13,781 (-53.5%), from €25,746 to €11,965
- Debts after one year -€11,965
down €11,965 (-83.8%), from €14,279 to €2,314
- Trade debts -€7,909
down €7,909 (-64.3%), from €12,300 to €4,390
- Staff costs -€14,845
down €14,845 (-100.0%), from €14,845 to €0
- Gross operating margin +€12,992
up €12,992 (+69.7%), from -€18,647 to -€5,655
- Other operating charges -€433
down €433 (-23.1%), from €1,877 to €1,443
- Depreciation +€281
up €281 (+2.0%), from €14,431 to €14,712
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 | €52,336 | €33,117 | -€19,219 | -36.7% |
| Fixed assets | 21/28 | €39,874 | €25,621 | -€14,253 | -35.7% |
| Tangible fixed assets | 22/27 | €39,030 | €25,621 | -€13,409 | -34.4% |
| Plant, machinery and equipment | 23 | €80 | €798 | +€718 | +901.7% |
| Furniture and vehicles | 24 | €34,595 | €20,468 | -€14,127 | -40.8% |
| Other tangible fixed assets | 26 | €4,356 | €4,356 | = | 0.0% |
| Financial fixed assets | 28 | €844 | €0 | -€844 | -100.0% |
| Current assets | 29/58 | €12,461 | €7,496 | -€4,966 | -39.8% |
| Amounts receivable within one year | 40/41 | €8,428 | €2,547 | -€5,881 | -69.8% |
| Trade receivables | 40 | €6,797 | €715 | -€6,083 | -89.5% |
| Other amounts receivable | 41 | €1,631 | €1,832 | +€202 | +12.4% |
| Cash at bank and in hand | 54/58 | €912 | €3,457 | +€2,545 | +278.9% |
| Deferred charges and accrued income | 490/1 | €3,121 | €1,491 | -€1,630 | -52.2% |
| Total equity and liabilities | 10/49 | €52,336 | €33,117 | -€19,219 | -36.7% |
| Equity | 10/15 | -€43,242 | -€66,456 | -€23,214 | -53.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €31,397 | €31,397 | = | 0.0% |
| Distributable reserves | 133 | €31,397 | €31,397 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,231 | -€116,445 | -€23,214 | -24.9% |
| Amounts payable | 17/49 | €95,578 | €99,573 | +€3,995 | +4.2% |
| Amounts payable after more than one year | 17 | €14,279 | €2,314 | -€11,965 | -83.8% |
| Financial debts | 170/4 | €14,279 | €2,314 | -€11,965 | -83.8% |
| Amounts payable within one year | 42/48 | €81,299 | €97,259 | +€15,961 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €25,746 | €11,965 | -€13,781 | -53.5% |
| Financial debts | 43 | €6,001 | €1,857 | -€4,144 | -69.1% |
| Credit institutions | 430/8 | €6,001 | €1,857 | -€4,144 | -69.1% |
| Trade debts | 44 | €12,300 | €4,390 | -€7,909 | -64.3% |
| Suppliers | 440/4 | €12,300 | €4,390 | -€7,909 | -64.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €355 | €1,905 | +€1,550 | +436.8% |
| Taxes | 450/3 | €355 | €1,905 | +€1,550 | +436.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €36,897 | €77,142 | +€40,245 | +109.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €171 | +€171 | |
| Remuneration, social security and pensions | 62 | €14,845 | €0 | -€14,845 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,431 | €14,712 | +€281 | +2.0% |
| Other operating charges | 640/8 | €1,877 | €1,443 | -€433 | -23.1% |
| Gross operating margin | 9900 | -€18,647 | -€5,655 | +€12,992 | +69.7% |
| Operating profit (loss) | 9901 | -€49,799 | -€21,811 | +€27,989 | +56.2% |
| Financial income | 75/76B | €81 | €10 | -€71 | -87.7% |
| Recurring financial income | 75 | €81 | €10 | -€71 | -87.7% |
| Financial charges | 65/66B | €1,033 | €1,073 | +€39 | +3.8% |
| Recurring financial charges | 65 | €1,033 | €1,073 | +€39 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€50,752 | -€22,874 | +€27,878 | +54.9% |
| Income taxes | 67/77 | €355 | €340 | -€14 | -4.0% |
| Profit (loss) for the period | 9904 | -€51,107 | -€23,214 | +€27,893 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,107 | -€23,214 | +€27,893 | +54.6% |
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 8 October 2026 via checked.be.