STRATTON MAES: what changed
STRATTON MAES
Largest movements
- Cash +€226,450
up €226,450 (+293%), from €77,228 to €303,678
mainly Net result for the year (+€435,806) and Other debts (+€231,746)
- Receivables within one year +€169,966
up €169,966 (+57.1%), from €297,597 to €467,563
of which Other amounts receivable: +€140,110
- Tangible fixed assets +€81,996
up €81,996 (+1,103%), from €7,433 to €89,429
of which Leasing and similar rights: +€56,222
- Intangible fixed assets +€27,727
up €27,727 (+15.1%), from €184,185 to €211,912
- Other debts +€231,746
up €231,746 (+1,256%), from €18,446 to €250,192
- Reserves +€185,806
up €185,806 (+103%), from €180,085 to €365,891
- Tax, wage and social debts +€85,156
up €85,156 (+163%), from €52,221 to €137,377
of which Taxes: +€67,105
- Debts after one year -€70,786
down €70,786 (-49.7%), from €142,427 to €71,641
- Current portion of long-term debt +€47,462
up €47,462 (+41.9%), from €113,319 to €160,781
- Gross operating margin +€591,385
up €591,385 (+219%), from €270,312 to €861,697
- Staff costs +€157,807
up €157,807 (+182%), from €86,626 to €244,433
- Taxes +€52,516
up €52,516 (+127%), from €41,400 to €93,916
- Depreciation +€27,526
up €27,526 (+133%), from €20,769 to €48,295
- Financial charges +€8,809
up €8,809 (+30.5%), from €28,919 to €37,728
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 | €567,674 | €1,074,437 | +€506,763 | +89.3% |
| Fixed assets | 21/28 | €191,887 | €301,610 | +€109,723 | +57.2% |
| Intangible fixed assets | 21 | €184,185 | €211,912 | +€27,727 | +15.1% |
| Tangible fixed assets | 22/27 | €7,433 | €89,429 | +€81,996 | +1,103% |
| Furniture and vehicles | 24 | €7,433 | €29,807 | +€22,374 | +301% |
| Leasing and similar rights | 25 | - | €56,222 | +€56,222 | |
| Other tangible fixed assets | 26 | - | €3,400 | +€3,400 | |
| Financial fixed assets | 28 | €268 | €268 | +€0 | +0.2% |
| Current assets | 29/58 | €375,788 | €772,827 | +€397,039 | +106% |
| Amounts receivable within one year | 40/41 | €297,597 | €467,563 | +€169,966 | +57.1% |
| Trade receivables | 40 | €23,527 | €53,383 | +€29,856 | +127% |
| Other amounts receivable | 41 | €274,070 | €414,180 | +€140,110 | +51.1% |
| Cash at bank and in hand | 54/58 | €77,228 | €303,678 | +€226,450 | +293% |
| Deferred charges and accrued income | 490/1 | €963 | €1,586 | +€623 | +64.7% |
| Total equity and liabilities | 10/49 | €567,674 | €1,074,437 | +€506,763 | +89.3% |
| Equity | 10/15 | €216,605 | €402,411 | +€185,806 | +85.8% |
| Contributions | 10/11 | €906 | €906 | -€0 | -0.1% |
| Reserves | 13 | €180,085 | €365,891 | +€185,806 | +103% |
| Distributable reserves | 133 | €180,085 | €365,891 | +€185,806 | +103% |
| Profit (loss) carried forward | 14 | €35,615 | €35,615 | -€0 | 0.0% |
| Amounts payable | 17/49 | €351,070 | €672,025 | +€320,955 | +91.4% |
| Amounts payable after more than one year | 17 | €142,427 | €71,641 | -€70,786 | -49.7% |
| Financial debts | 170/4 | €142,427 | €71,641 | -€70,786 | -49.7% |
| Amounts payable within one year | 42/48 | €208,642 | €598,685 | +€390,043 | +187% |
| Current portion of amounts payable after more than one year | 42 | €113,319 | €160,781 | +€47,462 | +41.9% |
| Trade debts | 44 | €24,657 | €50,335 | +€25,678 | +104% |
| Suppliers | 440/4 | €24,657 | €50,335 | +€25,678 | +104% |
| Taxes, remuneration and social security | 45 | €52,221 | €137,377 | +€85,156 | +163% |
| Taxes | 450/3 | €42,824 | €109,929 | +€67,105 | +157% |
| Remuneration and social security | 454/9 | €9,397 | €27,448 | +€18,051 | +192% |
| Other amounts payable | 47/48 | €18,446 | €250,192 | +€231,746 | +1,256% |
| Accrued charges and deferred income | 492/3 | - | €1,700 | +€1,700 | |
| Remuneration, social security and pensions | 62 | €86,626 | €244,433 | +€157,807 | +182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,769 | €48,295 | +€27,526 | +133% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,261 | €0 | -€2,261 | -100% |
| Other operating charges | 640/8 | €1,511 | €1,925 | +€414 | +27.4% |
| Non-recurring operating charges | 66A | €13,061 | €0 | -€13,061 | -100% |
| Gross operating margin | 9900 | €270,312 | €861,697 | +€591,385 | +219% |
| Operating profit (loss) | 9901 | €146,084 | €567,044 | +€420,960 | +288% |
| Financial income | 75/76B | €103 | €406 | +€303 | +294% |
| Recurring financial income | 75 | €103 | €406 | +€303 | +294% |
| Financial charges | 65/66B | €28,919 | €37,728 | +€8,809 | +30.5% |
| Recurring financial charges | 65 | €28,919 | €37,728 | +€8,809 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €117,269 | €529,722 | +€412,453 | +352% |
| Income taxes | 67/77 | €41,400 | €93,916 | +€52,516 | +127% |
| Profit (loss) for the period | 9904 | €75,869 | €435,806 | +€359,937 | +474% |
| Profit (loss) for the period to be appropriated | 9905 | €75,869 | €435,806 | +€359,937 | +474% |
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.