STRATESCENCE: what changed
Two fiscal 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.
STRATESCENCE
Largest movements
- Financial fixed assets +€200,000
up €200,000 (+45.3%), from €441,089 to €641,089
- Receivables within one year +€101,988
up €101,988 (+77.1%), from €132,316 to €234,304
of which Other amounts receivable: +€69,349
- Cash +€17,777
up €17,777 (+141.4%), from €12,568 to €30,346
mainly Debts after one year (+€204,404) and Trade debts (+€45,721)
- Debts after one year +€204,404
up €204,404, from €0 to €204,404
- Trade debts +€45,721
up €45,721 (+652.3%), from €7,009 to €52,729
- Current portion of long-term debt +€37,175
up €37,175 (+696.9%), from €5,334 to €42,509
- Reserves +€21,544
up €21,544 (+4.3%), from €500,327 to €521,871
of which Distributable reserves: +€21,544
- Gross operating margin -€16,375
down €16,375 (-24.2%), from €67,650 to €51,275
- Financial charges +€7,810
up €7,810 (+590.9%), from €1,322 to €9,132
- Depreciation -€7,237
down €7,237 (-50.1%), from €14,453 to €7,216
- Taxes -€5,167
down €5,167 (-34.4%), from €15,008 to €9,841
- Other operating charges +€1,596
up €1,596 (+59.2%), from €2,694 to €4,291
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 | €598,305 | €911,854 | +€313,549 | +52.4% |
| Fixed assets | 21/28 | €452,833 | €646,329 | +€193,496 | +42.7% |
| Tangible fixed assets | 22/27 | €11,744 | €5,240 | -€6,504 | -55.4% |
| Plant, machinery and equipment | 23 | €3,229 | €2,892 | -€337 | -10.4% |
| Furniture and vehicles | 24 | €8,352 | €2,348 | -€6,004 | -71.9% |
| Other tangible fixed assets | 26 | €163 | €0 | -€163 | -100.0% |
| Financial fixed assets | 28 | €441,089 | €641,089 | +€200,000 | +45.3% |
| Current assets | 29/58 | €145,472 | €265,525 | +€120,053 | +82.5% |
| Amounts receivable within one year | 40/41 | €132,316 | €234,304 | +€101,988 | +77.1% |
| Trade receivables | 40 | €115,993 | €148,632 | +€32,639 | +28.1% |
| Other amounts receivable | 41 | €16,323 | €85,672 | +€69,349 | +424.9% |
| Cash at bank and in hand | 54/58 | €12,568 | €30,346 | +€17,777 | +141.4% |
| Deferred charges and accrued income | 490/1 | €588 | €875 | +€288 | +49.0% |
| Total equity and liabilities | 10/49 | €598,305 | €911,854 | +€313,549 | +52.4% |
| Equity | 10/15 | €577,863 | €599,407 | +€21,544 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €500,327 | €521,871 | +€21,544 | +4.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €498,467 | €520,011 | +€21,544 | +4.3% |
| Profit (loss) carried forward | 14 | €58,936 | €58,936 | = | 0.0% |
| Amounts payable | 17/49 | €20,441 | €312,447 | +€292,005 | +1428.5% |
| Amounts payable after more than one year | 17 | €0 | €204,404 | +€204,404 | |
| Financial debts | 170/4 | €0 | €204,404 | +€204,404 | |
| Amounts payable within one year | 42/48 | €20,381 | €107,559 | +€87,178 | +427.7% |
| Current portion of amounts payable after more than one year | 42 | €5,334 | €42,509 | +€37,175 | +696.9% |
| Financial debts | 43 | €1 | €0 | -€1 | -100.0% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100.0% |
| Trade debts | 44 | €7,009 | €52,729 | +€45,721 | +652.3% |
| Suppliers | 440/4 | €7,009 | €52,729 | +€45,721 | +652.3% |
| Taxes, remuneration and social security | 45 | €8,037 | €12,321 | +€4,283 | +53.3% |
| Taxes | 450/3 | €6,157 | €12,321 | +€6,163 | +100.1% |
| Remuneration and social security | 454/9 | €1,880 | €0 | -€1,880 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €60 | €483 | +€423 | +701.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,453 | €7,216 | -€7,237 | -50.1% |
| Other operating charges | 640/8 | €2,694 | €4,291 | +€1,596 | +59.2% |
| Gross operating margin | 9900 | €67,650 | €51,275 | -€16,375 | -24.2% |
| Operating profit (loss) | 9901 | €50,502 | €39,769 | -€10,734 | -21.3% |
| Financial income | 75/76B | €1,099 | €748 | -€351 | -31.9% |
| Recurring financial income | 75 | €1,099 | €748 | -€351 | -31.9% |
| Financial charges | 65/66B | €1,322 | €9,132 | +€7,810 | +590.9% |
| Recurring financial charges | 65 | €1,322 | €9,132 | +€7,810 | +590.9% |
| Profit (loss) for the period before taxes | 9903 | €50,280 | €31,385 | -€18,895 | -37.6% |
| Income taxes | 67/77 | €15,008 | €9,841 | -€5,167 | -34.4% |
| Profit (loss) for the period | 9904 | €35,272 | €21,544 | -€13,728 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €35,272 | €21,544 | -€13,728 | -38.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.