STREMERCH: 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.
STREMERCH
Largest movements
- Tangible fixed assets +€75,539
up €75,539 (+10.3%), from €735,907 to €811,446
of which Leasing and similar rights: +€132,260
- Cash -€43,512
down €43,512 (-46.3%), from €94,023 to €50,511
mainly Investment in fixed assets (net) (-€221,903) and Trade debts (-€211,785)
- Receivables within one year +€29,697
up €29,697 (+16.6%), from €178,470 to €208,166
of which Trade receivables: +€54,182
- Trade debts -€211,785
down €211,785 (-84.8%), from €249,686 to €37,901
- Debts after one year +€170,841
up €170,841 (+102.9%), from €166,058 to €336,899
- Reserves +€66,883
up €66,883 (+77.3%), from €86,563 to €153,446
- Tax, wage and social debts +€38,144
up €38,144 (+150.4%), from €25,367 to €63,512
of which Taxes: +€33,610
- Current portion of long-term debt +€28,721
up €28,721 (+26.4%), from €108,795 to €137,516
- Depreciation +€28,284
up €28,284 (+24.0%), from €118,081 to €146,364
- Gross operating margin +€16,644
up €16,644 (+5.2%), from €318,687 to €335,331
- Financial charges -€4,019
down €4,019 (-14.2%), from €28,280 to €24,262
- Staff costs +€3,645
up €3,645 (+5.6%), from €65,514 to €69,159
- Financial income -€3,644
down €3,644 (-49.7%), from €7,327 to €3,683
of which Non-recurring financial income: -€3,644
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 | €1,013,624 | €1,070,124 | +€56,500 | +5.6% |
| Fixed assets | 21/28 | €735,907 | €811,446 | +€75,539 | +10.3% |
| Tangible fixed assets | 22/27 | €735,907 | €811,446 | +€75,539 | +10.3% |
| Land and buildings | 22 | €189,387 | €179,373 | -€10,014 | -5.3% |
| Plant, machinery and equipment | 23 | €58,732 | €88,761 | +€30,029 | +51.1% |
| Furniture and vehicles | 24 | €410,277 | €333,540 | -€76,737 | -18.7% |
| Leasing and similar rights | 25 | €77,511 | €209,772 | +€132,260 | +170.6% |
| Current assets | 29/58 | €277,717 | €258,678 | -€19,039 | -6.9% |
| Amounts receivable within one year | 40/41 | €178,470 | €208,166 | +€29,697 | +16.6% |
| Trade receivables | 40 | €153,953 | €208,135 | +€54,182 | +35.2% |
| Other amounts receivable | 41 | €24,516 | €31 | -€24,485 | -99.9% |
| Cash at bank and in hand | 54/58 | €94,023 | €50,511 | -€43,512 | -46.3% |
| Deferred charges and accrued income | 490/1 | €5,224 | €0 | -€5,224 | -100.0% |
| Total equity and liabilities | 10/49 | €1,013,624 | €1,070,124 | +€56,500 | +5.6% |
| Equity | 10/15 | €296,842 | €363,725 | +€66,883 | +22.5% |
| Contributions | 10/11 | €210,279 | €210,279 | = | 0.0% |
| Reserves | 13 | €86,563 | €153,446 | +€66,883 | +77.3% |
| Distributable reserves | 133 | €86,563 | €153,446 | +€66,883 | +77.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €716,782 | €706,399 | -€10,383 | -1.4% |
| Amounts payable after more than one year | 17 | €166,058 | €336,899 | +€170,841 | +102.9% |
| Financial debts | 170/4 | €166,058 | €336,899 | +€170,841 | +102.9% |
| Amounts payable within one year | 42/48 | €528,353 | €360,919 | -€167,434 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €108,795 | €137,516 | +€28,721 | +26.4% |
| Trade debts | 44 | €249,686 | €37,901 | -€211,785 | -84.8% |
| Suppliers | 440/4 | €249,686 | €37,901 | -€211,785 | -84.8% |
| Taxes, remuneration and social security | 45 | €25,367 | €63,512 | +€38,144 | +150.4% |
| Taxes | 450/3 | €16,764 | €50,374 | +€33,610 | +200.5% |
| Remuneration and social security | 454/9 | €8,604 | €13,138 | +€4,534 | +52.7% |
| Other amounts payable | 47/48 | €144,505 | €121,990 | -€22,515 | -15.6% |
| Accrued charges and deferred income | 492/3 | €22,371 | €8,580 | -€13,791 | -61.6% |
| Remuneration, social security and pensions | 62 | €65,514 | €69,159 | +€3,645 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,081 | €146,364 | +€28,284 | +24.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,800 | €2,967 | -€832 | -21.9% |
| Non-recurring operating charges | 66A | €15,680 | €6,762 | -€8,918 | -56.9% |
| Gross operating margin | 9900 | €318,687 | €335,331 | +€16,644 | +5.2% |
| Operating profit (loss) | 9901 | €115,613 | €110,079 | -€5,534 | -4.8% |
| Financial income | 75/76B | €7,327 | €3,683 | -€3,644 | -49.7% |
| Recurring financial income | 75 | €0 | €3,683 | +€3,683 | |
| Non-recurring financial income | 76B | €7,327 | €3,683 | -€3,644 | -49.7% |
| Financial charges | 65/66B | €28,280 | €24,262 | -€4,019 | -14.2% |
| Recurring financial charges | 65 | €28,280 | €24,262 | -€4,019 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €94,660 | €89,501 | -€5,159 | -5.5% |
| Income taxes | 67/77 | €21,885 | €20,952 | -€933 | -4.3% |
| Profit (loss) for the period | 9904 | €72,775 | €68,549 | -€4,226 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,775 | €68,549 | -€4,226 | -5.8% |
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 9 October 2026 via checked.be.