STRAVANA: 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.
STRAVANA
Largest movements
- Intangible fixed assets -€16,209
down €16,209 (-19.0%), from €85,263 to €69,054
- Receivables after one year -€13,493
down €13,493 (-82.5%), from €16,364 to €2,872
of which Trade receivables: -€16,364
- Cash +€11,339
up €11,339 (+407%), from €2,783 to €14,123
mainly Depreciation (+€28,754) and Net result for the year (+€15,555)
- Tangible fixed assets -€10,442
down €10,442 (-1.9%), from €560,542 to €550,099
of which Land and buildings: -€7,792
- Debts after one year -€49,814
down €49,814 (-9.7%), from €511,482 to €461,667
- Other debts +€12,080
new in 2025: €12,080
- Current portion of long-term debt +€8,698
up €8,698 (+16.6%), from €52,281 to €60,979
- Gross operating margin -€31,900
down €31,900 (-27.7%), from €115,061 to €83,161
- Taxes -€11,435
down €11,435 (-54.1%), from €21,124 to €9,690
- Financial charges +€4,120
up €4,120 (+19.0%), from €21,642 to €25,762
- Other operating charges +€3,826
up €3,826 (+1,015%), from €377 to €4,202
- Depreciation +€1,874
up €1,874 (+7.0%), from €26,880 to €28,754
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.
Derived cash bridge
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 | €695,884 | €661,081 | -€34,803 | -5.0% |
| Fixed assets | 21/28 | €645,804 | €619,153 | -€26,651 | -4.1% |
| Intangible fixed assets | 21 | €85,263 | €69,054 | -€16,209 | -19.0% |
| Tangible fixed assets | 22/27 | €560,542 | €550,099 | -€10,442 | -1.9% |
| Land and buildings | 22 | €546,908 | €539,116 | -€7,792 | -1.4% |
| Plant, machinery and equipment | 23 | €688 | €908 | +€221 | +32.1% |
| Furniture and vehicles | 24 | €12,946 | €10,075 | -€2,871 | -22.2% |
| Current assets | 29/58 | €50,080 | €41,929 | -€8,151 | -16.3% |
| Amounts receivable after more than one year | 29 | €16,364 | €2,872 | -€13,493 | -82.5% |
| Trade receivables | 290 | €16,364 | - | -€16,364 | |
| Other amounts receivable | 291 | - | €2,872 | +€2,872 | |
| Stocks and contracts in progress | 3 | €2,522 | €2,471 | -€51 | -2.0% |
| Stocks | 30/36 | €2,522 | €2,471 | -€51 | -2.0% |
| Amounts receivable within one year | 40/41 | €18,558 | €12,462 | -€6,096 | -32.8% |
| Trade receivables | 40 | €14,710 | €3,758 | -€10,952 | -74.5% |
| Other amounts receivable | 41 | €3,848 | €8,704 | +€4,856 | +126% |
| Cash at bank and in hand | 54/58 | €2,783 | €14,123 | +€11,339 | +407% |
| Deferred charges and accrued income | 490/1 | €9,852 | €10,000 | +€149 | +1.5% |
| Total equity and liabilities | 10/49 | €695,884 | €661,081 | -€34,803 | -5.0% |
| Equity | 10/15 | €103,966 | €106,964 | +€2,997 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,766 | €100,764 | +€2,997 | +3.1% |
| Distributable reserves | 133 | €97,766 | €100,764 | +€2,997 | +3.1% |
| Amounts payable | 17/49 | €591,918 | €554,117 | -€37,800 | -6.4% |
| Amounts payable after more than one year | 17 | €511,482 | €461,667 | -€49,814 | -9.7% |
| Financial debts | 170/4 | €511,482 | €461,667 | -€49,814 | -9.7% |
| Amounts payable within one year | 42/48 | €80,436 | €92,450 | +€12,014 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €52,281 | €60,979 | +€8,698 | +16.6% |
| Financial debts | 43 | €20,016 | €14,000 | -€6,016 | -30.1% |
| Credit institutions | 430/8 | €20,016 | €14,000 | -€6,016 | -30.1% |
| Trade debts | 44 | - | €1,318 | +€1,318 | |
| Suppliers | 440/4 | - | €1,318 | +€1,318 | |
| Taxes, remuneration and social security | 45 | €8,139 | €4,073 | -€4,066 | -50.0% |
| Taxes | 450/3 | €7,139 | €4,073 | -€3,066 | -42.9% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | - | €12,080 | +€12,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,880 | €28,754 | +€1,874 | +7.0% |
| Other operating charges | 640/8 | €377 | €4,202 | +€3,826 | +1,015% |
| Gross operating margin | 9900 | €115,061 | €83,161 | -€31,900 | -27.7% |
| Operating profit (loss) | 9901 | €87,803 | €50,204 | -€37,599 | -42.8% |
| Financial income | 75/76B | €648 | €802 | +€154 | +23.8% |
| Recurring financial income | 75 | €648 | €802 | +€154 | +23.8% |
| Financial charges | 65/66B | €21,642 | €25,762 | +€4,120 | +19.0% |
| Recurring financial charges | 65 | €21,642 | €25,762 | +€4,120 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €66,809 | €25,245 | -€41,564 | -62.2% |
| Income taxes | 67/77 | €21,124 | €9,690 | -€11,435 | -54.1% |
| Profit (loss) for the period | 9904 | €45,685 | €15,555 | -€30,130 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,685 | €15,555 | -€30,130 | -66.0% |
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 21 October 2026 via checked.be.