Stratos Capital: what changed
Stratos Capital
Largest movements
- Tangible fixed assets +€463,059
up €463,059 (+707%), from €65,518 to €528,576
of which Land and buildings: +€426,767
- Cash -€54,955
down €54,955 (-49.0%), from €112,051 to €57,095
mainly Investment in fixed assets (net) (-€489,481) and Receivables within one year (-€53,454)
- Receivables within one year +€53,454
up €53,454 (+49.7%), from €107,646 to €161,099
of which Other amounts receivable: +€60,662
- Deferred charges and accrued income +€30,879
up €30,879 (+2,224%), from €1,388 to €32,268
- Debts after one year +€348,957
up €348,957 (+195%), from €179,308 to €528,264
- Other debts +€113,309
up €113,309 (+405%), from €28,012 to €141,320
- Current portion of long-term debt +€14,499
up €14,499 (+164%), from €8,855 to €23,354
- Tax, wage and social debts +€13,823
up €13,823 (+45.5%), from €30,353 to €44,176
of which Taxes: +€11,323
- Trade debts -€12,872
down €12,872 (-33.3%), from €38,617 to €25,745
- Gross operating margin -€49,596
down €49,596 (-37.8%), from €131,102 to €81,506
- Taxes -€18,637
down €18,637 (-61.8%), from €30,164 to €11,528
- Financial charges +€17,829
up €17,829 (+131%), from €13,566 to €31,396
- Depreciation +€16,961
up €16,961 (+179%), from €9,461 to €26,423
- Other operating charges -€2,251
down €2,251 (-44.2%), from €5,088 to €2,838
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €441,651 | €934,088 | +€492,437 | +111% |
| Fixed assets | 21/28 | €220,566 | €683,625 | +€463,059 | +210% |
| Tangible fixed assets | 22/27 | €65,518 | €528,576 | +€463,059 | +707% |
| Land and buildings | 22 | €34,917 | €461,684 | +€426,767 | +1,222% |
| Plant, machinery and equipment | 23 | €2,707 | €13,737 | +€11,029 | +407% |
| Furniture and vehicles | 24 | €17,138 | €44,393 | +€27,255 | +159% |
| Other tangible fixed assets | 26 | €10,755 | €8,763 | -€1,992 | -18.5% |
| Financial fixed assets | 28 | €155,049 | €155,049 | = | 0.0% |
| Current assets | 29/58 | €221,084 | €250,463 | +€29,378 | +13.3% |
| Amounts receivable within one year | 40/41 | €107,646 | €161,099 | +€53,454 | +49.7% |
| Trade receivables | 40 | €45,363 | €38,155 | -€7,208 | -15.9% |
| Other amounts receivable | 41 | €62,283 | €122,944 | +€60,662 | +97.4% |
| Cash at bank and in hand | 54/58 | €112,051 | €57,095 | -€54,955 | -49.0% |
| Deferred charges and accrued income | 490/1 | €1,388 | €32,268 | +€30,879 | +2,224% |
| Total equity and liabilities | 10/49 | €441,651 | €934,088 | +€492,437 | +111% |
| Equity | 10/15 | €155,516 | €164,857 | +€9,341 | +6.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,516 | €163,857 | +€9,341 | +6.0% |
| Amounts payable | 17/49 | €286,135 | €769,231 | +€483,096 | +169% |
| Amounts payable after more than one year | 17 | €179,308 | €528,264 | +€348,957 | +195% |
| Financial debts | 170/4 | €179,308 | €528,264 | +€348,957 | +195% |
| Amounts payable within one year | 42/48 | €105,837 | €234,595 | +€128,758 | +122% |
| Current portion of amounts payable after more than one year | 42 | €8,855 | €23,354 | +€14,499 | +164% |
| Trade debts | 44 | €38,617 | €25,745 | -€12,872 | -33.3% |
| Suppliers | 440/4 | €38,617 | €25,745 | -€12,872 | -33.3% |
| Taxes, remuneration and social security | 45 | €30,353 | €44,176 | +€13,823 | +45.5% |
| Taxes | 450/3 | €30,353 | €41,676 | +€11,323 | +37.3% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €28,012 | €141,320 | +€113,309 | +405% |
| Accrued charges and deferred income | 492/3 | €990 | €6,371 | +€5,381 | +543% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,461 | €26,423 | +€16,961 | +179% |
| Other operating charges | 640/8 | €5,088 | €2,838 | -€2,251 | -44.2% |
| Gross operating margin | 9900 | €131,102 | €81,506 | -€49,596 | -37.8% |
| Operating profit (loss) | 9901 | €116,552 | €52,245 | -€64,307 | -55.2% |
| Financial income | 75/76B | €0 | €19 | +€19 | +6,233% |
| Recurring financial income | 75 | €0 | €19 | +€19 | +6,233% |
| Financial charges | 65/66B | €13,566 | €31,396 | +€17,829 | +131% |
| Recurring financial charges | 65 | €13,566 | €31,396 | +€17,829 | +131% |
| Profit (loss) for the period before taxes | 9903 | €102,987 | €20,869 | -€82,118 | -79.7% |
| Income taxes | 67/77 | €30,164 | €11,528 | -€18,637 | -61.8% |
| Profit (loss) for the period | 9904 | €72,822 | €9,341 | -€63,481 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,822 | €9,341 | -€63,481 | -87.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.