STRATINVEST: 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.
STRATINVEST
Largest movements
- Tangible fixed assets +€3.0m
up €3.0m (+62.6%), from €4.8m to €7.8m
- Cash -€267,777
down €267,777 (-49.3%), from €543,580 to €275,803
mainly Investment in fixed assets (net) (-€3.5m) and Other debts (-€360,000)
- Reserves +€1.3m
up €1.3m (+61.5%), from €2.2m to €3.5m
of which Distributable reserves: +€1.3m
- Debts after one year +€1.2m
up €1.2m (+144%), from €800,000 to €2.0m
of which Financial debts: +€1.2m
- Current portion of long-term debt +€550,000
new in 2025: €550,000
- Other debts -€360,000
down €360,000 (-100%), from €360,000 to €0
- Gross operating margin +€484,368
up €484,368 (+51.3%), from €944,957 to €1.4m
- Depreciation +€191,781
up €191,781 (+68.9%), from €278,233 to €470,014
- Taxes +€62,094
up €62,094 (+57.8%), from €107,385 to €169,479
- Financial charges +€55,595
up €55,595 (+216%), from €25,717 to €81,311
- Other operating charges +€45,720
up €45,720 (+29.7%), from €154,108 to €199,828
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 | €5,370,100 | €8,151,623 | +€2.8m | +51.8% |
| Fixed assets | 21/28 | €4,820,023 | €7,836,032 | +€3.0m | +62.6% |
| Tangible fixed assets | 22/27 | €4,815,004 | €7,831,013 | +€3.0m | +62.6% |
| Land and buildings | 22 | €4,815,004 | €7,831,013 | +€3.0m | +62.6% |
| Financial fixed assets | 28 | €5,019 | €5,019 | = | 0.0% |
| Current assets | 29/58 | €550,077 | €315,591 | -€234,486 | -42.6% |
| Amounts receivable within one year | 40/41 | €6,497 | €39,060 | +€32,564 | +501% |
| Trade receivables | 40 | €6,497 | €37,864 | +€31,367 | +483% |
| Other amounts receivable | 41 | - | €1,196 | +€1,196 | |
| Cash at bank and in hand | 54/58 | €543,580 | €275,803 | -€267,777 | -49.3% |
| Deferred charges and accrued income | 490/1 | €0 | €728 | +€728 | |
| Total equity and liabilities | 10/49 | €5,370,100 | €8,151,623 | +€2.8m | +51.8% |
| Equity | 10/15 | €4,151,261 | €5,538,268 | +€1.4m | +33.4% |
| Contributions | 10/11 | €2,000,000 | €2,062,000 | +€62,000 | +3.1% |
| Capital | 10 | €2,000,000 | €2,062,000 | +€62,000 | +3.1% |
| Issued capital | 100 | €2,000,000 | €2,062,000 | +€62,000 | +3.1% |
| Reserves | 13 | €2,151,261 | €3,475,204 | +€1.3m | +61.5% |
| Non-distributable reserves | 130/1 | €200,000 | €251,000 | +€51,000 | +25.5% |
| Legal reserve | 130 | €200,000 | €251,000 | +€51,000 | +25.5% |
| Distributable reserves | 133 | €1,951,261 | €3,224,204 | +€1.3m | +65.2% |
| Profit (loss) carried forward | 14 | €0 | €1,064 | +€1,064 | |
| Amounts payable | 17/49 | €1,218,839 | €2,613,355 | +€1.4m | +114% |
| Amounts payable after more than one year | 17 | €800,000 | €1,951,680 | +€1.2m | +144% |
| Financial debts | 170/4 | €800,000 | €1,950,000 | +€1.2m | +144% |
| Other amounts payable | 178/9 | - | €1,680 | +€1,680 | |
| Amounts payable within one year | 42/48 | €410,678 | €612,770 | +€202,092 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | - | €550,000 | +€550,000 | |
| Trade debts | 44 | €27,745 | €46,854 | +€19,109 | +68.9% |
| Suppliers | 440/4 | €27,745 | €46,854 | +€19,109 | +68.9% |
| Taxes, remuneration and social security | 45 | €22,932 | €15,916 | -€7,017 | -30.6% |
| Taxes | 450/3 | €22,932 | €15,916 | -€7,017 | -30.6% |
| Other amounts payable | 47/48 | €360,000 | €0 | -€360,000 | -100% |
| Accrued charges and deferred income | 492/3 | €8,162 | €48,905 | +€40,743 | +499% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,233 | €470,014 | +€191,781 | +68.9% |
| Other operating charges | 640/8 | €154,108 | €199,828 | +€45,720 | +29.7% |
| Gross operating margin | 9900 | €944,957 | €1,429,326 | +€484,368 | +51.3% |
| Operating profit (loss) | 9901 | €512,617 | €759,484 | +€246,867 | +48.2% |
| Financial income | 75/76B | €166 | €249 | +€84 | +50.6% |
| Recurring financial income | 75 | €166 | €249 | +€84 | +50.6% |
| Financial charges | 65/66B | €25,717 | €81,311 | +€55,595 | +216% |
| Recurring financial charges | 65 | €25,717 | €81,311 | +€55,595 | +216% |
| Profit (loss) for the period before taxes | 9903 | €487,065 | €678,422 | +€191,357 | +39.3% |
| Income taxes | 67/77 | €107,385 | €169,479 | +€62,094 | +57.8% |
| Profit (loss) for the period | 9904 | €379,680 | €508,943 | +€129,262 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €379,680 | €508,943 | +€129,262 | +34.0% |
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 21 October 2026 via checked.be.