STRATEQ: 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.
STRATEQ
Largest movements
- Financial fixed assets +€3.3m
new in 2025: €3.3m
- Receivables within one year +€102,072
up €102,072 (+53.1%), from €192,204 to €294,276
of which Other amounts receivable: +€281,887
- Cash +€89,297
up €89,297 (+219.6%), from €40,667 to €129,964
mainly Debts after one year (+€2.9m) and Net result for the year (+€401,293)
- Debts after one year +€2.9m
up €2.9m (+20922.7%), from €13,774 to €2.9m
- Profit (loss) carried forward +€266,293
up €266,293 (+180.0%), from €147,921 to €414,215
- Other debts +€174,750
up €174,750 (+349.5%), from €50,000 to €224,750
- Accrued charges and deferred income +€74,996
up €74,996 (+3932.6%), from €1,907 to €76,903
- Current portion of long-term debt +€40,160
up €40,160 (+498.9%), from €8,050 to €48,210
- Financial income +€384,295
new in 2025: €384,295
- Financial charges +€71,912
up €71,912 (+1824.4%), from €3,942 to €75,854
- Gross operating margin +€28,213
up €28,213 (+28.4%), from €99,282 to €127,495
- Taxes -€7,906
down €7,906 (-44.1%), from €17,909 to €10,003
- Depreciation +€4,791
up €4,791 (+26.5%), from €18,107 to €22,897
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 | €289,302 | €3,747,635 | +€3.5m | +1195.4% |
| Fixed assets | 21/28 | €53,602 | €3,320,704 | +€3.3m | +6095.1% |
| Tangible fixed assets | 22/27 | €53,602 | €30,704 | -€22,897 | -42.7% |
| Furniture and vehicles | 24 | €53,602 | €30,704 | -€22,897 | -42.7% |
| Financial fixed assets | 28 | - | €3,290,000 | +€3.3m | |
| Current assets | 29/58 | €235,700 | €426,931 | +€191,231 | +81.1% |
| Amounts receivable within one year | 40/41 | €192,204 | €294,276 | +€102,072 | +53.1% |
| Trade receivables | 40 | €180,000 | €184 | -€179,816 | -99.9% |
| Other amounts receivable | 41 | €12,204 | €294,091 | +€281,887 | +2309.8% |
| Cash at bank and in hand | 54/58 | €40,667 | €129,964 | +€89,297 | +219.6% |
| Deferred charges and accrued income | 490/1 | €2,829 | €2,691 | -€138 | -4.9% |
| Total equity and liabilities | 10/49 | €289,302 | €3,747,635 | +€3.5m | +1195.4% |
| Equity | 10/15 | €215,571 | €481,865 | +€266,293 | +123.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,921 | €414,215 | +€266,293 | +180.0% |
| Amounts payable | 17/49 | €73,730 | €3,265,770 | +€3.2m | +4329.4% |
| Amounts payable after more than one year | 17 | €13,774 | €2,895,564 | +€2.9m | +20922.7% |
| Financial debts | 170/4 | €13,774 | €2,895,564 | +€2.9m | +20922.7% |
| Amounts payable within one year | 42/48 | €58,050 | €293,304 | +€235,254 | +405.3% |
| Current portion of amounts payable after more than one year | 42 | €8,050 | €48,210 | +€40,160 | +498.9% |
| Trade debts | 44 | - | €91 | +€91 | |
| Suppliers | 440/4 | - | €91 | +€91 | |
| Taxes, remuneration and social security | 45 | - | €20,253 | +€20,253 | |
| Taxes | 450/3 | - | €20,253 | +€20,253 | |
| Other amounts payable | 47/48 | €50,000 | €224,750 | +€174,750 | +349.5% |
| Accrued charges and deferred income | 492/3 | €1,907 | €76,903 | +€74,996 | +3932.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,107 | €22,897 | +€4,791 | +26.5% |
| Other operating charges | 640/8 | €3,646 | €1,743 | -€1,903 | -52.2% |
| Gross operating margin | 9900 | €99,282 | €127,495 | +€28,213 | +28.4% |
| Operating profit (loss) | 9901 | €77,530 | €102,855 | +€25,325 | +32.7% |
| Financial income | 75/76B | - | €384,295 | +€384,295 | |
| Recurring financial income | 75 | - | €384,295 | +€384,295 | |
| Financial charges | 65/66B | €3,942 | €75,854 | +€71,912 | +1824.4% |
| Recurring financial charges | 65 | €3,942 | €75,854 | +€71,912 | +1824.4% |
| Profit (loss) for the period before taxes | 9903 | €73,588 | €411,296 | +€337,708 | +458.9% |
| Income taxes | 67/77 | €17,909 | €10,003 | -€7,906 | -44.1% |
| Profit (loss) for the period | 9904 | €55,679 | €401,293 | +€345,614 | +620.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,679 | €401,293 | +€345,614 | +620.7% |
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 12 October 2026 via checked.be.