STRATEGY COMPANY: 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.
STRATEGY COMPANY
Largest movements
- Receivables after one year +€100,000
up €100,000 (+1,942%), from €5,150 to €105,150
- Cash -€44,515
down €44,515 (-19.8%), from €225,019 to €180,504
mainly Receivables after one year (-€100,000) and Tax, wage and social debts (-€2,157)
- Tangible fixed assets -€11,505
down €11,505 (-55.4%), from €20,781 to €9,276
of which Other tangible fixed assets: -€8,356
- Receivables within one year -€10,296
down €10,296 (-28.3%), from €36,411 to €26,114
of which Other amounts receivable: -€7,538
- Reserves +€33,087
up €33,087 (+13.7%), from €241,933 to €275,019
- Gross operating margin -€69,400
down €69,400 (-50.6%), from €137,037 to €67,637
- Taxes -€16,844
down €16,844 (-47.8%), from €35,262 to €18,418
- Financial income +€4,492
up €4,492, from €0 to €4,492
- Other operating charges +€1,625
up €1,625 (+149%), from €1,089 to €2,715
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 | €287,640 | €321,781 | +€34,141 | +11.9% |
| Fixed assets | 21/28 | €20,781 | €9,276 | -€11,505 | -55.4% |
| Tangible fixed assets | 22/27 | €20,781 | €9,276 | -€11,505 | -55.4% |
| Plant, machinery and equipment | 23 | €1,919 | €1,273 | -€647 | -33.7% |
| Furniture and vehicles | 24 | €6,863 | €4,361 | -€2,502 | -36.5% |
| Other tangible fixed assets | 26 | €11,999 | €3,642 | -€8,356 | -69.6% |
| Current assets | 29/58 | €266,859 | €312,505 | +€45,646 | +17.1% |
| Amounts receivable after more than one year | 29 | €5,150 | €105,150 | +€100,000 | +1,942% |
| Other amounts receivable | 291 | €5,150 | €105,150 | +€100,000 | +1,942% |
| Amounts receivable within one year | 40/41 | €36,411 | €26,114 | -€10,296 | -28.3% |
| Trade receivables | 40 | €19,434 | €16,676 | -€2,758 | -14.2% |
| Other amounts receivable | 41 | €16,977 | €9,439 | -€7,538 | -44.4% |
| Cash at bank and in hand | 54/58 | €225,019 | €180,504 | -€44,515 | -19.8% |
| Deferred charges and accrued income | 490/1 | €279 | €737 | +€457 | +164% |
| Total equity and liabilities | 10/49 | €287,640 | €321,781 | +€34,141 | +11.9% |
| Equity | 10/15 | €248,133 | €281,219 | +€33,087 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €241,933 | €275,019 | +€33,087 | +13.7% |
| Distributable reserves | 133 | €241,933 | €275,019 | +€33,087 | +13.7% |
| Amounts payable | 17/49 | €39,507 | €40,561 | +€1,054 | +2.7% |
| Amounts payable within one year | 42/48 | €39,329 | €38,557 | -€772 | -2.0% |
| Trade debts | 44 | €10,219 | €10,970 | +€752 | +7.4% |
| Suppliers | 440/4 | €10,219 | €10,970 | +€752 | +7.4% |
| Taxes, remuneration and social security | 45 | €23,150 | €20,994 | -€2,157 | -9.3% |
| Taxes | 450/3 | €18,322 | €14,305 | -€4,017 | -21.9% |
| Remuneration and social security | 454/9 | €4,828 | €6,689 | +€1,861 | +38.5% |
| Other amounts payable | 47/48 | €5,960 | €6,593 | +€633 | +10.6% |
| Accrued charges and deferred income | 492/3 | €179 | €2,005 | +€1,826 | +1,022% |
| Remuneration, social security and pensions | 62 | €346 | - | -€346 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,840 | €13,188 | +€348 | +2.7% |
| Other operating charges | 640/8 | €1,089 | €2,715 | +€1,625 | +149% |
| Gross operating margin | 9900 | €137,037 | €67,637 | -€69,400 | -50.6% |
| Operating profit (loss) | 9901 | €122,762 | €51,735 | -€71,027 | -57.9% |
| Financial income | 75/76B | €0 | €4,492 | +€4,492 | |
| Recurring financial income | 75 | €0 | €4,492 | +€4,492 | |
| Financial charges | 65/66B | €3,595 | €4,722 | +€1,127 | +31.4% |
| Recurring financial charges | 65 | €3,595 | €4,722 | +€1,127 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €119,167 | €51,504 | -€67,663 | -56.8% |
| Income taxes | 67/77 | €35,262 | €18,418 | -€16,844 | -47.8% |
| Profit (loss) for the period | 9904 | €83,905 | €33,087 | -€50,818 | -60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,905 | €33,087 | -€50,818 | -60.6% |
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 29 October 2026 via checked.be.