STRATEGOP: 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.
STRATEGOP
Largest movements
- Cash -€66,709
down €66,709 (-52.0%), from €128,359 to €61,649
mainly Net result for the year (-€67,824) and Investment in fixed assets (net) (-€18,311)
- Tangible fixed assets +€7,501
up €7,501 (+10.6%), from €70,590 to €78,091
of which Plant, machinery and equipment: +€17,884
- Profit (loss) carried forward -€67,824
down €67,824 (-38.1%), from €177,940 to €110,116
- Trade debts +€4,306
up €4,306 (+58.4%), from €7,379 to €11,685
- Gross operating margin -€25,707
down €25,707 (-110%), from -€23,292 to -€48,999
- Depreciation -€5,192
down €5,192 (-31.2%), from €16,642 to €11,450
- Financial charges +€562
up €562 (+274%), from €205 to €767
of which Non-recurring financial charges: +€640
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 | €207,060 | €145,906 | -€61,154 | -29.5% |
| Fixed assets | 21/28 | €71,230 | €78,091 | +€6,861 | +9.6% |
| Tangible fixed assets | 22/27 | €70,590 | €78,091 | +€7,501 | +10.6% |
| Land and buildings | 22 | €57,745 | €49,523 | -€8,222 | -14.2% |
| Plant, machinery and equipment | 23 | €6,380 | €24,264 | +€17,884 | +280% |
| Furniture and vehicles | 24 | €5,964 | €3,804 | -€2,161 | -36.2% |
| Other tangible fixed assets | 26 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €640 | - | -€640 | |
| Current assets | 29/58 | €135,830 | €67,815 | -€68,015 | -50.1% |
| Amounts receivable within one year | 40/41 | €4,602 | €3,100 | -€1,502 | -32.6% |
| Trade receivables | 40 | €2,841 | €3,100 | +€259 | +9.1% |
| Other amounts receivable | 41 | €1,761 | - | -€1,761 | |
| Cash at bank and in hand | 54/58 | €128,359 | €61,649 | -€66,709 | -52.0% |
| Deferred charges and accrued income | 490/1 | €2,869 | €3,066 | +€196 | +6.8% |
| Total equity and liabilities | 10/49 | €207,060 | €145,906 | -€61,154 | -29.5% |
| Equity | 10/15 | €198,345 | €130,521 | -€67,824 | -34.2% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,940 | €110,116 | -€67,824 | -38.1% |
| Amounts payable | 17/49 | €8,715 | €15,385 | +€6,671 | +76.5% |
| Amounts payable within one year | 42/48 | €8,715 | €15,385 | +€6,671 | +76.5% |
| Trade debts | 44 | €7,379 | €11,685 | +€4,306 | +58.4% |
| Suppliers | 440/4 | €7,379 | €11,685 | +€4,306 | +58.4% |
| Taxes, remuneration and social security | 45 | €1,336 | €2,663 | +€1,328 | +99.4% |
| Taxes | 450/3 | €1,336 | €2,663 | +€1,328 | +99.4% |
| Other amounts payable | 47/48 | - | €1,037 | +€1,037 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,642 | €11,450 | -€5,192 | -31.2% |
| Other operating charges | 640/8 | €5,315 | €5,639 | +€324 | +6.1% |
| Gross operating margin | 9900 | -€23,292 | -€48,999 | -€25,707 | -110% |
| Operating profit (loss) | 9901 | -€45,249 | -€66,088 | -€20,839 | -46.1% |
| Financial income | 75/76B | €11 | €22 | +€11 | +104% |
| Recurring financial income | 75 | €11 | €22 | +€11 | +104% |
| Financial charges | 65/66B | €205 | €767 | +€562 | +274% |
| Recurring financial charges | 65 | €205 | €127 | -€78 | -38.1% |
| Non-recurring financial charges | 66B | - | €640 | +€640 | |
| Profit (loss) for the period before taxes | 9903 | -€45,444 | -€66,833 | -€21,389 | -47.1% |
| Income taxes | 67/77 | €1,336 | €991 | -€344 | -25.8% |
| Profit (loss) for the period | 9904 | -€46,779 | -€67,824 | -€21,045 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,779 | -€67,824 | -€21,045 | -45.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.