Stretch Innovation: 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.
Stretch Innovation
Largest movements
- Cash +€606,574
up €606,574 (+110%), from €549,283 to €1.2m
mainly Net result for the year (+€762,052) and Debts after one year (+€270,329)
- Receivables within one year +€367,055
up €367,055 (+48.1%), from €763,186 to €1.1m
of which Trade receivables: +€485,691
- Current investments +€302,667
up €302,667 (+121%), from €250,000 to €552,667
- Financial fixed assets +€150,000
up €150,000 (+428%), from €35,047 to €185,047
- Profit (loss) carried forward +€762,052
up €762,052 (+109%), from €699,359 to €1.5m
- Debts after one year +€270,329
up €270,329 (+88.5%), from €305,333 to €575,661
- Contributions +€223,415
up €223,415 (+123%), from €182,231 to €405,646
- Accrued charges and deferred income +€90,723
new in 2025: €90,723
- Trade debts -€77,283
down €77,283 (-26.4%), from €293,092 to €215,809
- Gross operating margin +€818,199
up €818,199 (+63.7%), from €1.3m to €2.1m
- Staff costs +€310,929
up €310,929 (+51.3%), from €606,309 to €917,238
- Taxes +€138,165
up €138,165 (+92.3%), from €149,613 to €287,779
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 | €2,253,255 | €3,625,458 | +€1.4m | +60.9% |
| Fixed assets | 21/28 | €622,806 | €747,913 | +€125,107 | +20.1% |
| Intangible fixed assets | 21 | €514,668 | €501,595 | -€13,073 | -2.5% |
| Tangible fixed assets | 22/27 | €73,091 | €61,271 | -€11,820 | -16.2% |
| Land and buildings | 22 | €16,239 | €12,373 | -€3,866 | -23.8% |
| Plant, machinery and equipment | 23 | €15,744 | €10,630 | -€5,114 | -32.5% |
| Furniture and vehicles | 24 | €41,108 | €38,268 | -€2,840 | -6.9% |
| Financial fixed assets | 28 | €35,047 | €185,047 | +€150,000 | +428% |
| Current assets | 29/58 | €1,630,449 | €2,877,545 | +€1.2m | +76.5% |
| Amounts receivable after more than one year | 29 | €37,469 | €37,469 | = | 0.0% |
| Trade receivables | 290 | €37,469 | €37,469 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €763,186 | €1,130,240 | +€367,055 | +48.1% |
| Trade receivables | 40 | €612,271 | €1,097,961 | +€485,691 | +79.3% |
| Other amounts receivable | 41 | €150,915 | €32,279 | -€118,636 | -78.6% |
| Current investments | 50/53 | €250,000 | €552,667 | +€302,667 | +121% |
| Cash at bank and in hand | 54/58 | €549,283 | €1,155,856 | +€606,574 | +110% |
| Deferred charges and accrued income | 490/1 | €30,512 | €1,312 | -€29,200 | -95.7% |
| Total equity and liabilities | 10/49 | €2,253,255 | €3,625,458 | +€1.4m | +60.9% |
| Equity | 10/15 | €986,405 | €1,971,872 | +€985,467 | +99.9% |
| Contributions | 10/11 | €182,231 | €405,646 | +€223,415 | +123% |
| Reserves | 13 | €104,815 | €104,815 | = | 0.0% |
| Distributable reserves | 133 | €104,815 | €104,815 | = | 0.0% |
| Profit (loss) carried forward | 14 | €699,359 | €1,461,411 | +€762,052 | +109% |
| Amounts payable | 17/49 | €1,266,850 | €1,653,586 | +€386,736 | +30.5% |
| Amounts payable after more than one year | 17 | €305,333 | €575,661 | +€270,329 | +88.5% |
| Financial debts | 170/4 | €305,333 | €575,661 | +€270,329 | +88.5% |
| Amounts payable within one year | 42/48 | €961,518 | €987,202 | +€25,684 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €456,672 | €526,631 | +€69,959 | +15.3% |
| Trade debts | 44 | €293,092 | €215,809 | -€77,283 | -26.4% |
| Suppliers | 440/4 | €293,092 | €215,809 | -€77,283 | -26.4% |
| Taxes, remuneration and social security | 45 | €211,030 | €238,684 | +€27,655 | +13.1% |
| Taxes | 450/3 | €151,689 | €154,516 | +€2,827 | +1.9% |
| Remuneration and social security | 454/9 | €59,341 | €84,168 | +€24,827 | +41.8% |
| Other amounts payable | 47/48 | €724 | €6,077 | +€5,353 | +739% |
| Accrued charges and deferred income | 492/3 | - | €90,723 | +€90,723 | |
| Non-recurring operating income | 76A | - | €200,438 | +€200,438 | |
| Remuneration, social security and pensions | 62 | €606,309 | €917,238 | +€310,929 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,274 | €101,935 | +€2,661 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,530 | €2,970 | +€440 | +17.4% |
| Gross operating margin | 9900 | €1,285,465 | €2,103,664 | +€818,199 | +63.7% |
| Operating profit (loss) | 9901 | €577,352 | €1,081,522 | +€504,170 | +87.3% |
| Financial income | 75/76B | €1,235 | €5,994 | +€4,759 | +385% |
| Recurring financial income | 75 | €1,235 | €5,994 | +€4,759 | +385% |
| Financial charges | 65/66B | €27,618 | €37,685 | +€10,067 | +36.5% |
| Recurring financial charges | 65 | €27,618 | €37,685 | +€10,067 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €550,969 | €1,049,831 | +€498,862 | +90.5% |
| Income taxes | 67/77 | €149,613 | €287,779 | +€138,165 | +92.3% |
| Profit (loss) for the period | 9904 | €401,356 | €762,052 | +€360,696 | +89.9% |
| Profit (loss) for the period to be appropriated | 9905 | €401,356 | €762,052 | +€360,696 | +89.9% |
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 27 October 2026 via checked.be.