STRATON: 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.
STRATON
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Cash -€424,064
down €424,064 (-25.7%), from €1.6m to €1.2m
mainly Current investments (-€1.0m) and Contributions, distributions and other (-€514,736)
- Stocks and contracts -€398,674
down €398,674 (-16.6%), from €2.4m to €2.0m
- Tangible fixed assets -€267,294
down €267,294 (-8.6%), from €3.1m to €2.8m
of which Land and buildings: -€248,549
- Receivables within one year -€87,565
down €87,565 (-60.9%), from €143,781 to €56,216
of which Other amounts receivable: -€90,199
- Debts after one year -€397,922
down €397,922 (-13.4%), from €3.0m to €2.6m
of which Other amounts payable: -€250,293
- Reserves +€245,438
up €245,438 (+11.9%), from €2.1m to €2.3m
of which Distributable reserves: +€258,132
- Trade debts -€176,543
down €176,543 (-26.4%), from €669,089 to €492,546
- Other debts +€150,655
up €150,655 (+39.8%), from €378,081 to €528,736
- Write-downs -€365,395
down €365,395, from €308,222 to -€57,173
- Gross operating margin +€314,161
up €314,161 (+16.3%), from €1.9m to €2.2m
- Staff costs +€111,948
up €111,948 (+13.0%), from €858,453 to €970,401
- Financial income -€54,074
down €54,074 (-22.0%), from €245,678 to €191,604
- Taxes +€32,507
up €32,507 (+50.0%), from €65,047 to €97,555
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 | €7,404,784 | €7,218,835 | -€185,949 | -2.5% |
| Fixed assets | 21/28 | €3,141,631 | €2,873,038 | -€268,594 | -8.5% |
| Intangible fixed assets | 21 | €38,061 | €36,762 | -€1,299 | -3.4% |
| Tangible fixed assets | 22/27 | €3,094,570 | €2,827,275 | -€267,294 | -8.6% |
| Land and buildings | 22 | €2,877,267 | €2,628,718 | -€248,549 | -8.6% |
| Plant, machinery and equipment | 23 | €46,364 | €29,506 | -€16,858 | -36.4% |
| Furniture and vehicles | 24 | €25,047 | €24,621 | -€426 | -1.7% |
| Other tangible fixed assets | 26 | €145,892 | €144,430 | -€1,462 | -1.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €4,263,153 | €4,345,797 | +€82,644 | +1.9% |
| Stocks and contracts in progress | 3 | €2,403,305 | €2,004,632 | -€398,674 | -16.6% |
| Stocks | 30/36 | €2,403,305 | €2,004,632 | -€398,674 | -16.6% |
| Amounts receivable within one year | 40/41 | €143,781 | €56,216 | -€87,565 | -60.9% |
| Trade receivables | 40 | €30,108 | €32,742 | +€2,634 | +8.7% |
| Other amounts receivable | 41 | €113,674 | €23,475 | -€90,199 | -79.3% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €1,647,230 | €1,223,165 | -€424,064 | -25.7% |
| Deferred charges and accrued income | 490/1 | €68,837 | €61,784 | -€7,053 | -10.2% |
| Total equity and liabilities | 10/49 | €7,404,784 | €7,218,835 | -€185,949 | -2.5% |
| Equity | 10/15 | €2,801,760 | €3,047,199 | +€245,438 | +8.8% |
| Contributions | 10/11 | €737,000 | €737,000 | = | 0.0% |
| Capital | 10 | €737,000 | €737,000 | = | 0.0% |
| Issued capital | 100 | €737,000 | €737,000 | = | 0.0% |
| Reserves | 13 | €2,064,760 | €2,310,199 | +€245,438 | +11.9% |
| Non-distributable reserves | 130/1 | €73,700 | €73,700 | = | 0.0% |
| Legal reserve | 130 | €73,700 | €73,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €88,858 | €76,164 | -€12,694 | -14.3% |
| Distributable reserves | 133 | €1,902,203 | €2,160,335 | +€258,132 | +13.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €29,619 | €25,388 | -€4,231 | -14.3% |
| Deferred taxes | 168 | €29,619 | €25,388 | -€4,231 | -14.3% |
| Amounts payable | 17/49 | €4,573,405 | €4,146,248 | -€427,157 | -9.3% |
| Amounts payable after more than one year | 17 | €2,965,358 | €2,567,436 | -€397,922 | -13.4% |
| Financial debts | 170/4 | €2,149,880 | €2,002,251 | -€147,629 | -6.9% |
| Other amounts payable | 178/9 | €815,478 | €565,186 | -€250,293 | -30.7% |
| Amounts payable within one year | 42/48 | €1,607,103 | €1,578,430 | -€28,672 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €324,293 | €288,850 | -€35,443 | -10.9% |
| Trade debts | 44 | €669,089 | €492,546 | -€176,543 | -26.4% |
| Suppliers | 440/4 | €669,089 | €492,546 | -€176,543 | -26.4% |
| Taxes, remuneration and social security | 45 | €235,639 | €268,298 | +€32,658 | +13.9% |
| Taxes | 450/3 | €110,651 | €131,702 | +€21,051 | +19.0% |
| Remuneration and social security | 454/9 | €124,989 | €136,596 | +€11,607 | +9.3% |
| Other amounts payable | 47/48 | €378,081 | €528,736 | +€150,655 | +39.8% |
| Accrued charges and deferred income | 492/3 | €944 | €382 | -€562 | -59.6% |
| Remuneration, social security and pensions | 62 | €858,453 | €970,401 | +€111,948 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €516,533 | €492,405 | -€24,128 | -4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €308,222 | -€57,173 | -€365,395 | |
| Other operating charges | 640/8 | €67,280 | €80,751 | +€13,471 | +20.0% |
| Gross operating margin | 9900 | €1,932,954 | €2,247,114 | +€314,161 | +16.3% |
| Operating profit (loss) | 9901 | €182,466 | €760,731 | +€578,265 | +316.9% |
| Financial income | 75/76B | €245,678 | €191,604 | -€54,074 | -22.0% |
| Recurring financial income | 75 | €245,678 | €191,604 | -€54,074 | -22.0% |
| Financial charges | 65/66B | €88,609 | €98,837 | +€10,228 | +11.5% |
| Recurring financial charges | 65 | €88,609 | €98,837 | +€10,228 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €339,535 | €853,498 | +€513,963 | +151.4% |
| Transfer from deferred taxes | 780 | €4,231 | €4,231 | = | 0.0% |
| Income taxes | 67/77 | €65,047 | €97,555 | +€32,507 | +50.0% |
| Profit (loss) for the period | 9904 | €278,719 | €760,175 | +€481,456 | +172.7% |
| Transfer from tax-exempt reserves | 789 | €12,694 | €12,694 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €291,413 | €772,869 | +€481,456 | +165.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.