STRATEO: 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.
STRATEO
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€75,314
down €75,314 (-55.6%), from €135,386 to €60,072
mainly Current investments (-€150,000) and Current portion of long-term debt (-€15,498)
- Tangible fixed assets -€21,314
down €21,314 (-15.9%), from €134,230 to €112,916
of which Land and buildings: -€14,850
- Receivables within one year +€12,751
up €12,751 (+1,090%), from €1,169 to €13,920
of which Other amounts receivable: +€13,920
- Reserves +€72,000
up €72,000 (+68.7%), from €104,855 to €176,855
of which Distributable reserves: +€72,000
- Current portion of long-term debt -€15,498
down €15,498 (-78.8%), from €19,667 to €4,168
- Tax, wage and social debts +€6,819
up €6,819 (+73.9%), from €9,226 to €16,045
- Short-term financial debts +€6,000
new in 2025: €6,000
- Debts after one year -€4,168
no longer reported in 2025 (was €4,168)
- Gross operating margin +€10,438
up €10,438 (+8.6%), from €120,807 to €131,246
- Taxes +€2,439
up €2,439 (+8.6%), from €28,266 to €30,705
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 | €271,386 | €337,509 | +€66,123 | +24.4% |
| Fixed assets | 21/28 | €134,830 | €113,516 | -€21,314 | -15.8% |
| Tangible fixed assets | 22/27 | €134,230 | €112,916 | -€21,314 | -15.9% |
| Land and buildings | 22 | €92,314 | €77,464 | -€14,850 | -16.1% |
| Plant, machinery and equipment | 23 | €143 | - | -€143 | |
| Furniture and vehicles | 24 | €7,179 | €6,893 | -€285 | -4.0% |
| Other tangible fixed assets | 26 | €34,594 | €28,559 | -€6,036 | -17.4% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €136,556 | €223,993 | +€87,437 | +64.0% |
| Amounts receivable within one year | 40/41 | €1,169 | €13,920 | +€12,751 | +1,090% |
| Trade receivables | 40 | €1,169 | - | -€1,169 | |
| Other amounts receivable | 41 | - | €13,920 | +€13,920 | |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €135,386 | €60,072 | -€75,314 | -55.6% |
| Total equity and liabilities | 10/49 | €271,386 | €337,509 | +€66,123 | +24.4% |
| Equity | 10/15 | €237,046 | €310,054 | +€73,008 | +30.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €104,855 | €176,855 | +€72,000 | +68.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €103,000 | €175,000 | +€72,000 | +69.9% |
| Profit (loss) carried forward | 14 | €125,991 | €126,999 | +€1,008 | +0.8% |
| Amounts payable | 17/49 | €34,339 | €27,455 | -€6,885 | -20.0% |
| Amounts payable after more than one year | 17 | €4,168 | - | -€4,168 | |
| Financial debts | 170/4 | €4,168 | - | -€4,168 | |
| Amounts payable within one year | 42/48 | €30,171 | €27,455 | -€2,717 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €19,667 | €4,168 | -€15,498 | -78.8% |
| Financial debts | 43 | - | €6,000 | +€6,000 | |
| Other loans | 439 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | €1,279 | €1,241 | -€37 | -2.9% |
| Suppliers | 440/4 | €1,279 | €1,241 | -€37 | -2.9% |
| Taxes, remuneration and social security | 45 | €9,226 | €16,045 | +€6,819 | +73.9% |
| Taxes | 450/3 | €9,226 | €16,045 | +€6,819 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,111 | €24,325 | +€1,213 | +5.2% |
| Other operating charges | 640/8 | €2,309 | €2,019 | -€290 | -12.6% |
| Gross operating margin | 9900 | €120,807 | €131,246 | +€10,438 | +8.6% |
| Operating profit (loss) | 9901 | €95,387 | €104,902 | +€9,515 | +10.0% |
| Financial charges | 65/66B | €2,013 | €1,190 | -€823 | -40.9% |
| Recurring financial charges | 65 | €2,013 | €1,190 | -€823 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €93,374 | €103,713 | +€10,338 | +11.1% |
| Income taxes | 67/77 | €28,266 | €30,705 | +€2,439 | +8.6% |
| Profit (loss) for the period | 9904 | €65,109 | €73,008 | +€7,899 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,109 | €73,008 | +€7,899 | +12.1% |
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 15 October 2026 via checked.be.