STRATENET: 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.
STRATENET
Largest movements
- Receivables within one year -€38,741
down €38,741 (-32.9%), from €117,728 to €78,986
of which Trade receivables: -€45,058
- Intangible fixed assets +€27,717
new in 2025: €27,717
- Cash +€23,090
up €23,090 (+93.8%), from €24,613 to €47,704
- Current investments +€5,178
new in 2025: €5,178
- Tangible fixed assets -€5,054
down €5,054 (-85.3%), from €5,925 to €871
- Profit (loss) carried forward +€55,881
up €55,881 (+66.0%), from €84,633 to €140,514
- Tax, wage and social debts -€29,864
down €29,864 (-69.3%), from €43,111 to €13,247
of which Taxes: -€17,326
- Trade debts -€16,740
down €16,740 (-95.1%), from €17,605 to €866
- Staff costs -€113,663
down €113,663 (-98.7%), from €115,155 to €1,492
- Gross operating margin -€96,642
down €96,642 (-62.4%), from €154,863 to €58,221
- Other operating charges -€3,600
down €3,600 (-59.6%), from €6,041 to €2,441
- Financial charges -€3,291
down €3,291 (-77.6%), from €4,241 to €950
- Depreciation +€3,263
up €3,263 (+87.2%), from €3,743 to €7,006
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,724 | €167,062 | +€9,338 | +5.9% |
| Fixed assets | 21/28 | €15,384 | €35,195 | +€19,812 | +129% |
| Intangible fixed assets | 21 | - | €27,717 | +€27,717 | |
| Tangible fixed assets | 22/27 | €5,925 | €871 | -€5,054 | -85.3% |
| Furniture and vehicles | 24 | €5,925 | €871 | -€5,054 | -85.3% |
| Financial fixed assets | 28 | €9,459 | €6,607 | -€2,852 | -30.2% |
| Current assets | 29/58 | €142,341 | €131,867 | -€10,473 | -7.4% |
| Amounts receivable within one year | 40/41 | €117,728 | €78,986 | -€38,741 | -32.9% |
| Trade receivables | 40 | €88,553 | €43,495 | -€45,058 | -50.9% |
| Other amounts receivable | 41 | €29,175 | €35,491 | +€6,317 | +21.7% |
| Current investments | 50/53 | - | €5,178 | +€5,178 | |
| Cash at bank and in hand | 54/58 | €24,613 | €47,704 | +€23,090 | +93.8% |
| Total equity and liabilities | 10/49 | €157,724 | €167,062 | +€9,338 | +5.9% |
| Equity | 10/15 | €92,693 | €148,574 | +€55,881 | +60.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €84,633 | €140,514 | +€55,881 | +66.0% |
| Amounts payable | 17/49 | €65,031 | €18,488 | -€46,543 | -71.6% |
| Amounts payable within one year | 42/48 | €65,031 | €18,488 | -€46,543 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | €4,315 | €4,375 | +€60 | +1.4% |
| Trade debts | 44 | €17,605 | €866 | -€16,740 | -95.1% |
| Suppliers | 440/4 | €17,605 | €866 | -€16,740 | -95.1% |
| Taxes, remuneration and social security | 45 | €43,111 | €13,247 | -€29,864 | -69.3% |
| Taxes | 450/3 | €30,574 | €13,247 | -€17,326 | -56.7% |
| Remuneration and social security | 454/9 | €12,538 | - | -€12,538 | |
| Non-recurring operating income | 76A | €1,325 | - | -€1,325 | |
| Remuneration, social security and pensions | 62 | €115,155 | €1,492 | -€113,663 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,743 | €7,006 | +€3,263 | +87.2% |
| Other operating charges | 640/8 | €6,041 | €2,441 | -€3,600 | -59.6% |
| Gross operating margin | 9900 | €154,863 | €58,221 | -€96,642 | -62.4% |
| Operating profit (loss) | 9901 | €29,925 | €47,283 | +€17,358 | +58.0% |
| Financial income | 75/76B | €92 | €612 | +€520 | +563% |
| Recurring financial income | 75 | €92 | €612 | +€520 | +563% |
| Financial charges | 65/66B | €4,241 | €950 | -€3,291 | -77.6% |
| Recurring financial charges | 65 | €4,241 | €950 | -€3,291 | -77.6% |
| Profit (loss) for the period before taxes | 9903 | €25,776 | €46,945 | +€21,169 | +82.1% |
| Income taxes | 67/77 | €8,495 | €10,620 | +€2,125 | +25.0% |
| Profit (loss) for the period | 9904 | €17,281 | €36,325 | +€19,044 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €17,281 | €36,325 | +€19,044 | +110% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.