STRICT: 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.
STRICT
Largest movements
- Receivables within one year +€52,236
up €52,236 (+171.9%), from €30,395 to €82,631
of which Trade receivables: +€62,940
- Tangible fixed assets -€26,353
down €26,353 (-6.5%), from €403,032 to €376,679
of which Land and buildings: -€15,602
- Cash +€14,848
up €14,848 (+82.7%), from €17,950 to €32,798
mainly Net result for the year (+€70,361) and Depreciation (+€34,943)
- Reserves +€20,361
up €20,361 (+10.5%), from €193,364 to €213,725
- Trade debts +€16,727
up €16,727 (+375.6%), from €4,454 to €21,181
- Short-term financial debts -€13,256
no longer reported in 2025 (was €13,256)
- Current portion of long-term debt +€8,446
up €8,446 (+27.0%), from €31,297 to €39,743
- Other debts +€7,831
new in 2025: €7,831
- Gross operating margin +€8,899
up €8,899 (+6.9%), from €129,023 to €137,922
- Depreciation +€3,139
up €3,139 (+9.9%), from €31,804 to €34,943
- Financial charges +€1,564
up €1,564 (+25.8%), from €6,060 to €7,624
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 | €470,459 | €511,856 | +€41,397 | +8.8% |
| Fixed assets | 21/28 | €416,832 | €390,479 | -€26,353 | -6.3% |
| Tangible fixed assets | 22/27 | €403,032 | €376,679 | -€26,353 | -6.5% |
| Land and buildings | 22 | €354,206 | €338,604 | -€15,602 | -4.4% |
| Plant, machinery and equipment | 23 | €6,642 | €7,425 | +€783 | +11.8% |
| Furniture and vehicles | 24 | €42,184 | €30,650 | -€11,534 | -27.3% |
| Financial fixed assets | 28 | €13,800 | €13,800 | = | 0.0% |
| Current assets | 29/58 | €53,627 | €121,377 | +€67,750 | +126.3% |
| Amounts receivable within one year | 40/41 | €30,395 | €82,631 | +€52,236 | +171.9% |
| Trade receivables | 40 | €19,379 | €82,319 | +€62,940 | +324.8% |
| Other amounts receivable | 41 | €11,016 | €312 | -€10,704 | -97.2% |
| Current investments | 50/53 | €2,515 | €2,528 | +€13 | +0.5% |
| Cash at bank and in hand | 54/58 | €17,950 | €32,798 | +€14,848 | +82.7% |
| Deferred charges and accrued income | 490/1 | €2,767 | €3,420 | +€653 | +23.6% |
| Total equity and liabilities | 10/49 | €470,459 | €511,856 | +€41,397 | +8.8% |
| Equity | 10/15 | €211,914 | €232,275 | +€20,361 | +9.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €193,364 | €213,725 | +€20,361 | +10.5% |
| Distributable reserves | 133 | €193,364 | €213,725 | +€20,361 | +10.5% |
| Amounts payable | 17/49 | €258,545 | €279,581 | +€21,036 | +8.1% |
| Amounts payable after more than one year | 17 | €188,324 | €190,220 | +€1,896 | +1.0% |
| Financial debts | 170/4 | €188,324 | €190,220 | +€1,896 | +1.0% |
| Amounts payable within one year | 42/48 | €70,221 | €89,361 | +€19,140 | +27.3% |
| Current portion of amounts payable after more than one year | 42 | €31,297 | €39,743 | +€8,446 | +27.0% |
| Financial debts | 43 | €13,256 | - | -€13,256 | |
| Credit institutions | 430/8 | €13,256 | - | -€13,256 | |
| Trade debts | 44 | €4,454 | €21,181 | +€16,727 | +375.6% |
| Suppliers | 440/4 | €4,454 | €21,181 | +€16,727 | +375.6% |
| Taxes, remuneration and social security | 45 | €21,214 | €20,606 | -€608 | -2.9% |
| Taxes | 450/3 | €19,639 | €2,468 | -€17,171 | -87.4% |
| Remuneration and social security | 454/9 | €1,575 | €18,138 | +€16,563 | +1051.6% |
| Other amounts payable | 47/48 | - | €7,831 | +€7,831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,804 | €34,943 | +€3,139 | +9.9% |
| Other operating charges | 640/8 | €2,737 | €2,747 | +€10 | +0.4% |
| Gross operating margin | 9900 | €129,023 | €137,922 | +€8,899 | +6.9% |
| Operating profit (loss) | 9901 | €94,482 | €100,232 | +€5,750 | +6.1% |
| Financial income | 75/76B | €298 | €19 | -€279 | -93.6% |
| Recurring financial income | 75 | €298 | €19 | -€279 | -93.6% |
| Financial charges | 65/66B | €6,060 | €7,624 | +€1,564 | +25.8% |
| Recurring financial charges | 65 | €6,060 | €7,624 | +€1,564 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €88,720 | €92,627 | +€3,907 | +4.4% |
| Income taxes | 67/77 | €22,188 | €22,266 | +€78 | +0.4% |
| Profit (loss) for the period | 9904 | €66,532 | €70,361 | +€3,829 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,532 | €70,361 | +€3,829 | +5.8% |
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 12 October 2026 via checked.be.