STRATOVINI: 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.
STRATOVINI
Largest movements
- Receivables after one year -€48,000
down €48,000 (-88.9%), from €54,000 to €6,000
- Cash +€28,984
up €28,984 (+806.1%), from €3,595 to €32,579
mainly Receivables after one year (+€48,000) and Depreciation (+€8,100)
- Tangible fixed assets -€8,100
down €8,100 (-3.5%), from €229,854 to €221,753
of which Land and buildings: -€6,098
- Receivables within one year -€7,371
down €7,371 (-31.7%), from €23,233 to €15,861
of which Other amounts receivable: -€12,948
- Deferred charges and accrued income -€4,977
down €4,977 (-60.9%), from €8,172 to €3,195
- Reserves -€41,469
down €41,469 (-15.8%), from €261,717 to €220,249
- Debts after one year -€15,306
down €15,306 (-15.3%), from €99,875 to €84,568
- Other debts +€7,256
up €7,256, from €0 to €7,256
- Profit (loss) carried forward +€6,637
up €6,637 (+8.1%), from -€82,190 to -€75,553
- Gross operating margin +€11,991
up €11,991 (+174.1%), from €6,888 to €18,878
- Financial income -€10,699
down €10,699 (-92.0%), from €11,636 to €936
- Financial charges -€834
down €834 (-16.2%), from €5,145 to €4,311
- Other operating charges -€755
down €755 (-59.6%), from €1,266 to €512
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 | €318,854 | €279,389 | -€39,465 | -12.4% |
| Fixed assets | 21/28 | €229,854 | €221,753 | -€8,100 | -3.5% |
| Tangible fixed assets | 22/27 | €229,854 | €221,753 | -€8,100 | -3.5% |
| Land and buildings | 22 | €226,663 | €220,564 | -€6,098 | -2.7% |
| Furniture and vehicles | 24 | €3,191 | €1,189 | -€2,002 | -62.7% |
| Current assets | 29/58 | €89,000 | €57,635 | -€31,365 | -35.2% |
| Amounts receivable after more than one year | 29 | €54,000 | €6,000 | -€48,000 | -88.9% |
| Other amounts receivable | 291 | €54,000 | €6,000 | -€48,000 | -88.9% |
| Amounts receivable within one year | 40/41 | €23,233 | €15,861 | -€7,371 | -31.7% |
| Trade receivables | 40 | €10,285 | €15,861 | +€5,576 | +54.2% |
| Other amounts receivable | 41 | €12,948 | €0 | -€12,948 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,595 | €32,579 | +€28,984 | +806.1% |
| Deferred charges and accrued income | 490/1 | €8,172 | €3,195 | -€4,977 | -60.9% |
| Total equity and liabilities | 10/49 | €318,854 | €279,389 | -€39,465 | -12.4% |
| Equity | 10/15 | €191,927 | €157,096 | -€34,831 | -18.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €261,717 | €220,249 | -€41,469 | -15.8% |
| Distributable reserves | 133 | €261,717 | €220,249 | -€41,469 | -15.8% |
| Profit (loss) carried forward | 14 | -€82,190 | -€75,553 | +€6,637 | +8.1% |
| Amounts payable | 17/49 | €126,926 | €122,293 | -€4,634 | -3.7% |
| Amounts payable after more than one year | 17 | €99,875 | €84,568 | -€15,306 | -15.3% |
| Financial debts | 170/4 | €99,875 | €84,568 | -€15,306 | -15.3% |
| Amounts payable within one year | 42/48 | €27,052 | €37,724 | +€10,672 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €14,721 | €15,306 | +€585 | +4.0% |
| Financial debts | 43 | €611 | €540 | -€71 | -11.6% |
| Credit institutions | 430/8 | €611 | €540 | -€71 | -11.6% |
| Trade debts | 44 | €5,721 | €5,605 | -€116 | -2.0% |
| Suppliers | 440/4 | €5,721 | €5,605 | -€116 | -2.0% |
| Taxes, remuneration and social security | 45 | €5,998 | €9,017 | +€3,019 | +50.3% |
| Taxes | 450/3 | €5,998 | €6,517 | +€519 | +8.7% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €0 | €7,256 | +€7,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,101 | €8,100 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,266 | €512 | -€755 | -59.6% |
| Gross operating margin | 9900 | €6,888 | €18,878 | +€11,991 | +174.1% |
| Operating profit (loss) | 9901 | -€2,480 | €10,266 | +€12,746 | |
| Financial income | 75/76B | €11,636 | €936 | -€10,699 | -92.0% |
| Recurring financial income | 75 | €11,636 | €936 | -€10,699 | -92.0% |
| Financial charges | 65/66B | €5,145 | €4,311 | -€834 | -16.2% |
| Recurring financial charges | 65 | €5,145 | €4,311 | -€834 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €4,011 | €6,892 | +€2,881 | +71.8% |
| Income taxes | 67/77 | €238 | €254 | +€16 | +6.6% |
| Profit (loss) for the period | 9904 | €3,772 | €6,637 | +€2,865 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,772 | €6,637 | +€2,865 | +75.9% |
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 10 October 2026 via checked.be.