STREPYDIS: 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.
STREPYDIS
Largest movements
- Cash -€259,419
down €259,419 (-63.0%), from €411,641 to €152,223
mainly Net result for the year (-€170,658) and Current portion of long-term debt (-€77,281)
- Receivables within one year -€64,014
down €64,014 (-30.3%), from €211,470 to €147,456
of which Trade receivables: -€43,244
- Tangible fixed assets -€36,356
down €36,356 (-9.7%), from €373,837 to €337,481
of which Land and buildings: -€23,189
- Stocks and contracts +€19,476
up €19,476 (+4.8%), from €408,451 to €427,927
- Reserves -€170,658
down €170,658 (-49.3%), from €346,370 to €175,711
of which Distributable reserves: -€170,658
- Current portion of long-term debt -€77,281
down €77,281 (-90.3%), from €85,575 to €8,294
- Accrued charges and deferred income -€54,854
down €54,854 (-100.0%), from €54,854 to €0
- Trade debts -€44,737
down €44,737 (-6.9%), from €649,727 to €604,990
- Debts after one year +€31,189
up €31,189 (+655.3%), from €4,760 to €35,949
of which Financial debts: +€31,189
- Gross operating margin -€421,184
down €421,184 (-38.5%), from €1.1m to €672,725
- Staff costs -€51,988
down €51,988 (-7.5%), from €694,902 to €642,914
- Taxes -€30,084
down €30,084 (-99.2%), from €30,325 to €241
- Depreciation -€29,808
down €29,808 (-26.3%), from €113,266 to €83,458
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 | €1,449,784 | €1,104,291 | -€345,492 | -23.8% |
| Formation expenses | 20 | €73 | €1,343 | +€1,270 | +1732.5% |
| Fixed assets | 21/28 | €400,445 | €367,356 | -€33,090 | -8.3% |
| Tangible fixed assets | 22/27 | €373,837 | €337,481 | -€36,356 | -9.7% |
| Land and buildings | 22 | €135,159 | €111,970 | -€23,189 | -17.2% |
| Plant, machinery and equipment | 23 | €212,421 | €193,927 | -€18,494 | -8.7% |
| Furniture and vehicles | 24 | €26,257 | €31,584 | +€5,327 | +20.3% |
| Financial fixed assets | 28 | €26,608 | €29,875 | +€3,266 | +12.3% |
| Current assets | 29/58 | €1,049,265 | €735,593 | -€313,672 | -29.9% |
| Stocks and contracts in progress | 3 | €408,451 | €427,927 | +€19,476 | +4.8% |
| Stocks | 30/36 | €408,451 | €427,927 | +€19,476 | +4.8% |
| Amounts receivable within one year | 40/41 | €211,470 | €147,456 | -€64,014 | -30.3% |
| Trade receivables | 40 | €124,482 | €81,238 | -€43,244 | -34.7% |
| Other amounts receivable | 41 | €86,988 | €66,218 | -€20,770 | -23.9% |
| Cash at bank and in hand | 54/58 | €411,641 | €152,223 | -€259,419 | -63.0% |
| Deferred charges and accrued income | 490/1 | €17,703 | €7,987 | -€9,717 | -54.9% |
| Total equity and liabilities | 10/49 | €1,449,784 | €1,104,291 | -€345,492 | -23.8% |
| Equity | 10/15 | €446,370 | €275,711 | -€170,658 | -38.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €346,370 | €175,711 | -€170,658 | -49.3% |
| Non-distributable reserves | 130/1 | €495 | €495 | = | 0.0% |
| Legal reserve | 130 | €495 | €495 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €345,874 | €175,216 | -€170,658 | -49.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,003,414 | €828,580 | -€174,834 | -17.4% |
| Amounts payable after more than one year | 17 | €4,760 | €35,949 | +€31,189 | +655.3% |
| Financial debts | 170/4 | €0 | €31,189 | +€31,189 | |
| Other amounts payable | 178/9 | €4,760 | €4,760 | = | 0.0% |
| Amounts payable within one year | 42/48 | €943,800 | €792,631 | -€151,169 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €85,575 | €8,294 | -€77,281 | -90.3% |
| Financial debts | 43 | €70,312 | €51,357 | -€18,955 | -27.0% |
| Credit institutions | 430/8 | €70,312 | €51,357 | -€18,955 | -27.0% |
| Trade debts | 44 | €649,727 | €604,990 | -€44,737 | -6.9% |
| Suppliers | 440/4 | €649,727 | €604,990 | -€44,737 | -6.9% |
| Taxes, remuneration and social security | 45 | €104,802 | €94,657 | -€10,146 | -9.7% |
| Taxes | 450/3 | - | €241 | +€241 | |
| Remuneration and social security | 454/9 | €104,802 | €94,415 | -€10,387 | -9.9% |
| Other amounts payable | 47/48 | €33,384 | €33,333 | -€51 | -0.2% |
| Accrued charges and deferred income | 492/3 | €54,854 | €0 | -€54,854 | -100.0% |
| Non-recurring operating income | 76A | €26,747 | €9,044 | -€17,703 | -66.2% |
| Remuneration, social security and pensions | 62 | €694,902 | €642,914 | -€51,988 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,266 | €83,458 | -€29,808 | -26.3% |
| Other operating charges | 640/8 | €63,970 | €60,484 | -€3,486 | -5.4% |
| Non-recurring operating charges | 66A | €1,214 | €1,192 | -€21 | -1.8% |
| Gross operating margin | 9900 | €1,093,909 | €672,725 | -€421,184 | -38.5% |
| Operating profit (loss) | 9901 | €220,557 | -€115,323 | -€335,880 | |
| Financial income | 75/76B | €4,547 | €2,046 | -€2,500 | -55.0% |
| Recurring financial income | 75 | €4,547 | €2,046 | -€2,500 | -55.0% |
| Financial charges | 65/66B | €59,365 | €57,140 | -€2,225 | -3.7% |
| Recurring financial charges | 65 | €36,267 | €30,661 | -€5,606 | -15.5% |
| Non-recurring financial charges | 66B | €23,098 | €26,479 | +€3,381 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €165,739 | -€170,417 | -€336,156 | |
| Income taxes | 67/77 | €30,325 | €241 | -€30,084 | -99.2% |
| Profit (loss) for the period | 9904 | €135,414 | -€170,658 | -€306,072 | |
| Transfer from tax-exempt reserves | 789 | €109,460 | €0 | -€109,460 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €244,874 | -€170,658 | -€415,532 |
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 6 October 2026 via checked.be.