STRATICS: 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.
STRATICS
Largest movements
- Receivables within one year -€114,374
down €114,374 (-39.1%), from €292,394 to €178,020
of which Trade receivables: -€100,170
- Tangible fixed assets -€65,987
down €65,987 (-24.4%), from €270,281 to €204,294
of which Plant, machinery and equipment: -€40,213
- Intangible fixed assets -€57,333
down €57,333 (-22.8%), from €251,500 to €194,166
- Cash +€9,802
up €9,802 (+25.8%), from €37,936 to €47,738
mainly Depreciation (+€123,795) and Receivables within one year (+€114,374)
- Current portion of long-term debt -€107,718
down €107,718 (-57.5%), from €187,459 to €79,741
- Debts after one year -€79,741
down €79,741 (-45.6%), from €174,722 to €94,981
- Tax, wage and social debts -€21,946
down €21,946 (-26.1%), from €84,104 to €62,157
of which Remuneration and social security: -€28,757
- Trade debts -€16,400
down €16,400 (-23.2%), from €70,771 to €54,371
- Staff costs -€414,500
down €414,500 (-45.6%), from €908,677 to €494,177
- Gross operating margin -€397,116
down €397,116 (-37.6%), from €1.1m to €658,952
- Depreciation +€12,986
up €12,986 (+11.7%), from €110,809 to €123,795
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 | €853,870 | €625,978 | -€227,892 | -26.7% |
| Fixed assets | 21/28 | €522,385 | €399,065 | -€123,320 | -23.6% |
| Intangible fixed assets | 21 | €251,500 | €194,166 | -€57,333 | -22.8% |
| Tangible fixed assets | 22/27 | €270,281 | €204,294 | -€65,987 | -24.4% |
| Land and buildings | 22 | €13,126 | €12,116 | -€1,010 | -7.7% |
| Plant, machinery and equipment | 23 | €126,914 | €86,701 | -€40,213 | -31.7% |
| Furniture and vehicles | 24 | €130,241 | €105,477 | -€24,764 | -19.0% |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €331,485 | €226,913 | -€104,572 | -31.5% |
| Amounts receivable within one year | 40/41 | €292,394 | €178,020 | -€114,374 | -39.1% |
| Trade receivables | 40 | €278,190 | €178,020 | -€100,170 | -36.0% |
| Other amounts receivable | 41 | €14,204 | - | -€14,204 | |
| Cash at bank and in hand | 54/58 | €37,936 | €47,738 | +€9,802 | +25.8% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,155 | = | 0.0% |
| Total equity and liabilities | 10/49 | €853,870 | €625,978 | -€227,892 | -26.7% |
| Equity | 10/15 | €109,669 | €113,620 | +€3,950 | +3.6% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,809 | €93,760 | +€3,950 | +4.4% |
| Amounts payable | 17/49 | €744,201 | €512,359 | -€231,843 | -31.2% |
| Amounts payable after more than one year | 17 | €174,722 | €94,981 | -€79,741 | -45.6% |
| Financial debts | 170/4 | €174,722 | €94,981 | -€79,741 | -45.6% |
| Amounts payable within one year | 42/48 | €567,334 | €417,222 | -€150,112 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €187,459 | €79,741 | -€107,718 | -57.5% |
| Financial debts | 43 | €225,000 | €220,953 | -€4,047 | -1.8% |
| Credit institutions | 430/8 | €225,000 | €175,000 | -€50,000 | -22.2% |
| Other loans | 439 | - | €45,953 | +€45,953 | |
| Trade debts | 44 | €70,771 | €54,371 | -€16,400 | -23.2% |
| Suppliers | 440/4 | €70,771 | €54,371 | -€16,400 | -23.2% |
| Taxes, remuneration and social security | 45 | €84,104 | €62,157 | -€21,946 | -26.1% |
| Taxes | 450/3 | - | €6,811 | +€6,811 | |
| Remuneration and social security | 454/9 | €84,104 | €55,347 | -€28,757 | -34.2% |
| Accrued charges and deferred income | 492/3 | €2,145 | €156 | -€1,989 | -92.7% |
| Non-recurring operating income | 76A | €30,032 | - | -€30,032 | |
| Remuneration, social security and pensions | 62 | €908,677 | €494,177 | -€414,500 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,809 | €123,795 | +€12,986 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,075 | +€1,075 | |
| Other operating charges | 640/8 | €6,484 | €6,686 | +€202 | +3.1% |
| Gross operating margin | 9900 | €1,056,068 | €658,952 | -€397,116 | -37.6% |
| Operating profit (loss) | 9901 | €30,098 | €33,219 | +€3,122 | +10.4% |
| Financial income | 75/76B | €4,083 | - | -€4,083 | |
| Recurring financial income | 75 | €4,083 | - | -€4,083 | |
| Financial charges | 65/66B | €28,303 | €22,458 | -€5,845 | -20.7% |
| Recurring financial charges | 65 | €28,303 | €22,458 | -€5,845 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €5,877 | €10,761 | +€4,884 | +83.1% |
| Income taxes | 67/77 | €5,796 | €6,811 | +€1,015 | +17.5% |
| Profit (loss) for the period | 9904 | €81 | €3,950 | +€3,869 | +4753.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81 | €3,950 | +€3,869 | +4753.0% |
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 5 October 2026 via checked.be.