StrEAT: 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.
StrEAT
Largest movements
- Cash -€76,153
down €76,153 (-63.3%), from €120,304 to €44,150
mainly Trade debts (-€88,441) and Net result for the year (-€86,904)
- Tangible fixed assets -€16,510
down €16,510 (-26.5%), from €62,368 to €45,858
of which Furniture and vehicles: -€16,787
- Receivables within one year +€8,455
up €8,455 (+17.6%), from €48,092 to €56,547
of which Trade receivables: +€6,953
- Stocks and contracts -€3,930
down €3,930 (-65.0%), from €6,044 to €2,114
- Trade debts -€88,441
down €88,441 (-51.0%), from €173,543 to €85,102
- Profit (loss) carried forward -€86,904
down €86,904 (-17.4%), from -€499,893 to -€586,796
- Other debts +€80,664
up €80,664 (+17.8%), from €452,089 to €532,753
- Gross operating margin -€86,803
down €86,803 (-43.6%), from €198,939 to €112,136
- Staff costs -€52,150
down €52,150 (-26.0%), from €200,761 to €148,611
- Financial income -€5,180
down €5,180 (-89.7%), from €5,772 to €592
- Depreciation -€4,587
down €4,587 (-14.7%), from €31,256 to €26,670
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 | €245,046 | €153,218 | -€91,828 | -37.5% |
| Fixed assets | 21/28 | €67,881 | €49,371 | -€18,510 | -27.3% |
| Intangible fixed assets | 21 | €5,322 | €3,322 | -€2,000 | -37.6% |
| Tangible fixed assets | 22/27 | €62,368 | €45,858 | -€16,510 | -26.5% |
| Plant, machinery and equipment | 23 | - | €277 | +€277 | |
| Furniture and vehicles | 24 | €62,368 | €45,581 | -€16,787 | -26.9% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €177,166 | €103,847 | -€73,319 | -41.4% |
| Stocks and contracts in progress | 3 | €6,044 | €2,114 | -€3,930 | -65.0% |
| Stocks | 30/36 | €6,044 | €2,114 | -€3,930 | -65.0% |
| Amounts receivable within one year | 40/41 | €48,092 | €56,547 | +€8,455 | +17.6% |
| Trade receivables | 40 | €48,092 | €55,044 | +€6,953 | +14.5% |
| Other amounts receivable | 41 | - | €1,502 | +€1,502 | |
| Cash at bank and in hand | 54/58 | €120,304 | €44,150 | -€76,153 | -63.3% |
| Deferred charges and accrued income | 490/1 | €2,726 | €1,036 | -€1,690 | -62.0% |
| Total equity and liabilities | 10/49 | €245,046 | €153,218 | -€91,828 | -37.5% |
| Equity | 10/15 | -€462,693 | -€549,596 | -€86,904 | -18.8% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€499,893 | -€586,796 | -€86,904 | -17.4% |
| Amounts payable | 17/49 | €707,739 | €702,815 | -€4,925 | -0.7% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €637,739 | €631,547 | -€6,193 | -1.0% |
| Trade debts | 44 | €173,543 | €85,102 | -€88,441 | -51.0% |
| Suppliers | 440/4 | €173,543 | €85,102 | -€88,441 | -51.0% |
| Advances received on contracts in progress | 46 | €540 | - | -€540 | |
| Taxes, remuneration and social security | 45 | €11,568 | €13,692 | +€2,124 | +18.4% |
| Taxes | 450/3 | €8,426 | €45 | -€8,382 | -99.5% |
| Remuneration and social security | 454/9 | €3,142 | €13,647 | +€10,506 | +334% |
| Other amounts payable | 47/48 | €452,089 | €532,753 | +€80,664 | +17.8% |
| Accrued charges and deferred income | 492/3 | - | €1,268 | +€1,268 | |
| Remuneration, social security and pensions | 62 | €200,761 | €148,611 | -€52,150 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,256 | €26,670 | -€4,587 | -14.7% |
| Other operating charges | 640/8 | €1,819 | €1,155 | -€665 | -36.5% |
| Gross operating margin | 9900 | €198,939 | €112,136 | -€86,803 | -43.6% |
| Operating profit (loss) | 9901 | -€34,898 | -€64,300 | -€29,402 | -84.3% |
| Financial income | 75/76B | €5,772 | €592 | -€5,180 | -89.7% |
| Recurring financial income | 75 | €5,772 | €592 | -€5,180 | -89.7% |
| Financial charges | 65/66B | €21,938 | €23,196 | +€1,258 | +5.7% |
| Recurring financial charges | 65 | €21,938 | €23,196 | +€1,258 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€51,063 | -€86,904 | -€35,840 | -70.2% |
| Income taxes | 67/77 | - | -€0 | -€0 | |
| Profit (loss) for the period | 9904 | -€51,063 | -€86,904 | -€35,840 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,063 | -€86,904 | -€35,840 | -70.2% |
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 16 October 2026 via checked.be.