STRATVIZER: 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.
STRATVIZER
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Receivables within one year -€22,557
down €22,557 (-59.1%), from €38,186 to €15,629
of which Trade receivables: -€19,557
- Deferred charges and accrued income -€15,930
down €15,930 (-74.4%), from €21,417 to €5,487
- Cash -€4,949
down €4,949 (-3.0%), from €165,771 to €160,823
mainly Current investments (-€60,000) and Other debts (-€38,412)
- Reserves +€47,921
up €47,921 (+27.1%), from €176,708 to €224,630
- Other debts -€38,412
down €38,412 (-98.0%), from €39,191 to €779
- Tax, wage and social debts +€3,237
up €3,237 (+23.4%), from €13,806 to €17,043
of which Remuneration and social security: +€3,282
- Gross operating margin -€14,398
down €14,398 (-17.3%), from €83,067 to €68,669
- Taxes -€2,380
down €2,380 (-14.6%), from €16,265 to €13,885
- Depreciation +€1,325
up €1,325 (+115.9%), from €1,143 to €2,468
- Financial income +€1,208
new in 2025: €1,208
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 | €236,870 | €251,143 | +€14,273 | +6.0% |
| Fixed assets | 21/28 | €11,496 | €9,204 | -€2,292 | -19.9% |
| Tangible fixed assets | 22/27 | €11,496 | €9,204 | -€2,292 | -19.9% |
| Furniture and vehicles | 24 | €11,496 | €9,204 | -€2,292 | -19.9% |
| Current assets | 29/58 | €225,374 | €241,939 | +€16,565 | +7.3% |
| Amounts receivable within one year | 40/41 | €38,186 | €15,629 | -€22,557 | -59.1% |
| Trade receivables | 40 | €34,951 | €15,394 | -€19,557 | -56.0% |
| Other amounts receivable | 41 | €3,235 | €235 | -€3,000 | -92.7% |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €165,771 | €160,823 | -€4,949 | -3.0% |
| Deferred charges and accrued income | 490/1 | €21,417 | €5,487 | -€15,930 | -74.4% |
| Total equity and liabilities | 10/49 | €236,870 | €251,143 | +€14,273 | +6.0% |
| Equity | 10/15 | €181,708 | €229,630 | +€47,921 | +26.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €176,708 | €224,630 | +€47,921 | +27.1% |
| Distributable reserves | 133 | €176,708 | €224,630 | +€47,921 | +27.1% |
| Amounts payable | 17/49 | €55,162 | €21,513 | -€33,648 | -61.0% |
| Amounts payable within one year | 42/48 | €54,910 | €20,701 | -€34,209 | -62.3% |
| Trade debts | 44 | €1,913 | €2,880 | +€967 | +50.5% |
| Suppliers | 440/4 | €1,913 | €2,880 | +€967 | +50.5% |
| Taxes, remuneration and social security | 45 | €13,806 | €17,043 | +€3,237 | +23.4% |
| Taxes | 450/3 | €13,094 | €13,048 | -€46 | -0.3% |
| Remuneration and social security | 454/9 | €712 | €3,994 | +€3,282 | +461.0% |
| Other amounts payable | 47/48 | €39,191 | €779 | -€38,412 | -98.0% |
| Accrued charges and deferred income | 492/3 | €252 | €812 | +€560 | +222.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,143 | €2,468 | +€1,325 | +115.9% |
| Other operating charges | 640/8 | €1,406 | €951 | -€456 | -32.4% |
| Gross operating margin | 9900 | €83,067 | €68,669 | -€14,398 | -17.3% |
| Operating profit (loss) | 9901 | €80,517 | €65,250 | -€15,267 | -19.0% |
| Financial income | 75/76B | - | €1,208 | +€1,208 | |
| Recurring financial income | 75 | - | €1,208 | +€1,208 | |
| Financial charges | 65/66B | €4,907 | €4,653 | -€254 | -5.2% |
| Recurring financial charges | 65 | €4,907 | €4,653 | -€254 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €75,610 | €61,806 | -€13,804 | -18.3% |
| Income taxes | 67/77 | €16,265 | €13,885 | -€2,380 | -14.6% |
| Profit (loss) for the period | 9904 | €59,346 | €47,921 | -€11,424 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,346 | €47,921 | -€11,424 | -19.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.