STRATEXHOLDCO: 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.
What changed
STRATEXHOLDCO
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€186,573
2024 · €90,200+€96,373
Equity
€5.2m
2024 · €5.1m+€42,878
Cash
€8,930
2024 · €10,454-€1,524
Balance sheet total
€5.9m
2024 · €5.3m+€545,480
Largest movements
Assets
- Current investments +€547,656
up €547,656 (+36.3%), from €1.5m to €2.1m
Equity and liabilities
- Other debts +€522,258
up €522,258 (+329.8%), from €158,362 to €680,620
Income statement
- Financial income +€148,382
up €148,382 (+536.5%), from €27,657 to €176,039
- Gross operating margin -€48,307
down €48,307 (-39.8%), from €121,383 to €73,076
- Depreciation +€2,456
up €2,456 (+17.2%), from €14,252 to €16,709
- Other operating charges +€1,382
up €1,382 (+40.5%), from €3,415 to €4,797
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.
Result 2024
€90,200
Gross operating margin
-€48,307
Depreciation
-€2,456
Other operating charges
-€1,382
Financial income
+€148,382
Financial charges
-€166
Taxes
+€303
Result 2025
€186,573
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.
From operations
+€703,127
Investment
-€560,956
Financing
-€143,696
Cash 2024
€10,454
From operations (derived)
+€703,127
Net result for the year
+€186,573
Depreciation
+€16,709
Receivables within one year
-€2,470
Smaller working-capital items
-€121
Tax, wage and social debts
+€2,751
Other debts
+€522,258
Accrued charges and deferred income
-€22,574
Investment (derived)
-€560,956
Investment in fixed assets (net)
-€13,300
Current investments
-€547,656
Financing
-€143,696
Contributions, distributions and other
-€143,696
Cash 2025
€8,930
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,313,127 | €5,858,607 | +€545,480 | +10.3% |
| Fixed assets | 21/28 | €3,735,237 | €3,731,828 | -€3,409 | -0.1% |
| Intangible fixed assets | 21 | - | €10,850 | +€10,850 | |
| Tangible fixed assets | 22/27 | €55,237 | €40,979 | -€14,258 | -25.8% |
| Plant, machinery and equipment | 23 | €568 | €343 | -€226 | -39.7% |
| Furniture and vehicles | 24 | €54,669 | €40,636 | -€14,033 | -25.7% |
| Financial fixed assets | 28 | €3,680,000 | €3,680,000 | = | 0.0% |
| Current assets | 29/58 | €1,577,890 | €2,126,779 | +€548,889 | +34.8% |
| Amounts receivable within one year | 40/41 | €58,030 | €60,500 | +€2,470 | +4.3% |
| Trade receivables | 40 | €58,000 | €60,500 | +€2,500 | +4.3% |
| Other amounts receivable | 41 | €30 | - | -€30 | |
| Current investments | 50/53 | €1,508,832 | €2,056,488 | +€547,656 | +36.3% |
| Cash at bank and in hand | 54/58 | €10,454 | €8,930 | -€1,524 | -14.6% |
| Deferred charges and accrued income | 490/1 | €574 | €861 | +€287 | +50.1% |
| Total equity and liabilities | 10/49 | €5,313,127 | €5,858,607 | +€545,480 | +10.3% |
| Equity | 10/15 | €5,112,591 | €5,155,468 | +€42,878 | +0.8% |
| Contributions | 10/11 | €3,685,000 | €3,685,000 | = | 0.0% |
| Reserves | 13 | €1,427,591 | €1,470,468 | +€42,878 | +3.0% |
| Distributable reserves | 133 | €1,427,591 | €1,470,468 | +€42,878 | +3.0% |
| Amounts payable | 17/49 | €200,537 | €703,139 | +€502,603 | +250.6% |
| Amounts payable within one year | 42/48 | €177,963 | €703,139 | +€525,176 | +295.1% |
| Trade debts | 44 | €4,672 | €4,839 | +€167 | +3.6% |
| Suppliers | 440/4 | €4,672 | €4,839 | +€167 | +3.6% |
| Taxes, remuneration and social security | 45 | €14,929 | €17,680 | +€2,751 | +18.4% |
| Taxes | 450/3 | €14,929 | €17,680 | +€2,751 | +18.4% |
| Other amounts payable | 47/48 | €158,362 | €680,620 | +€522,258 | +329.8% |
| Accrued charges and deferred income | 492/3 | €22,574 | - | -€22,574 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,252 | €16,709 | +€2,456 | +17.2% |
| Other operating charges | 640/8 | €3,415 | €4,797 | +€1,382 | +40.5% |
| Gross operating margin | 9900 | €121,383 | €73,076 | -€48,307 | -39.8% |
| Operating profit (loss) | 9901 | €103,716 | €51,570 | -€52,146 | -50.3% |
| Financial income | 75/76B | €27,657 | €176,039 | +€148,382 | +536.5% |
| Recurring financial income | 75 | €27,657 | €176,039 | +€148,382 | +536.5% |
| Financial charges | 65/66B | €200 | €367 | +€166 | +83.0% |
| Recurring financial charges | 65 | €200 | €367 | +€166 | +83.0% |
| Profit (loss) for the period before taxes | 9903 | €131,173 | €227,242 | +€96,070 | +73.2% |
| Income taxes | 67/77 | €40,972 | €40,669 | -€303 | -0.7% |
| Profit (loss) for the period | 9904 | €90,200 | €186,573 | +€96,373 | +106.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,200 | €186,573 | +€96,373 | +106.8% |
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 7 October 2026 via checked.be.