STRIPWEB: 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.
STRIPWEB
Largest movements
- Stocks and contracts +€71,405
up €71,405 (+6.1%), from €1.2m to €1.2m
- Intangible fixed assets -€51,365
down €51,365 (-40.0%), from €128,471 to €77,106
- Tangible fixed assets +€38,715
up €38,715 (+19.5%), from €198,694 to €237,409
of which Land and buildings: +€72,717
- Cash -€25,248
down €25,248 (-46.1%), from €54,718 to €29,470
mainly Investment in fixed assets (net) (-€77,379) and Stocks and contracts (-€71,405)
- Receivables within one year -€21,402
down €21,402 (-19.3%), from €110,853 to €89,451
of which Trade receivables: -€21,345
- Trade debts +€78,995
up €78,995 (+35.1%), from €224,812 to €303,806
- Short-term financial debts +€71,187
new in 2025: €71,187
of which Credit institutions: +€59,351
- Debts after one year -€68,503
down €68,503 (-13.9%), from €494,201 to €425,698
of which Financial debts: -€68,503
- Other debts -€51,475
down €51,475 (-7.1%), from €726,322 to €674,847
- Current portion of long-term debt -€17,944
down €17,944 (-20.8%), from €86,447 to €68,503
- Gross operating margin -€46,842
down €46,842 (-10.4%), from €450,372 to €403,530
- Other operating charges -€20,347
down €20,347 (-78.8%), from €25,817 to €5,470
- Financial charges -€15,197
down €15,197 (-45.2%), from €33,649 to €18,452
- Staff costs -€15,070
down €15,070 (-5.1%), from €293,989 to €278,919
- Depreciation -€4,884
down €4,884 (-5.2%), from €93,913 to €89,029
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 | €1,718,367 | €1,735,547 | +€17,181 | +1.0% |
| Fixed assets | 21/28 | €335,343 | €323,693 | -€11,650 | -3.5% |
| Intangible fixed assets | 21 | €128,471 | €77,106 | -€51,365 | -40.0% |
| Tangible fixed assets | 22/27 | €198,694 | €237,409 | +€38,715 | +19.5% |
| Land and buildings | 22 | - | €72,717 | +€72,717 | |
| Plant, machinery and equipment | 23 | €5,556 | €3,788 | -€1,768 | -31.8% |
| Furniture and vehicles | 24 | €127,695 | €106,613 | -€21,081 | -16.5% |
| Other tangible fixed assets | 26 | €65,443 | €54,289 | -€11,154 | -17.0% |
| Financial fixed assets | 28 | €8,179 | €9,179 | +€1,000 | +12.2% |
| Current assets | 29/58 | €1,383,023 | €1,411,854 | +€28,831 | +2.1% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,175,723 | €1,247,127 | +€71,405 | +6.1% |
| Stocks | 30/36 | €1,175,723 | €1,247,127 | +€71,405 | +6.1% |
| Amounts receivable within one year | 40/41 | €110,853 | €89,451 | -€21,402 | -19.3% |
| Trade receivables | 40 | €109,921 | €88,575 | -€21,345 | -19.4% |
| Other amounts receivable | 41 | €932 | €876 | -€56 | -6.0% |
| Cash at bank and in hand | 54/58 | €54,718 | €29,470 | -€25,248 | -46.1% |
| Deferred charges and accrued income | 490/1 | €1,730 | €5,806 | +€4,076 | +236% |
| Total equity and liabilities | 10/49 | €1,718,367 | €1,735,547 | +€17,181 | +1.0% |
| Equity | 10/15 | €125,180 | €131,139 | +€5,959 | +4.8% |
| Contributions | 10/11 | €22,173 | €22,173 | = | 0.0% |
| Reserves | 13 | €103,007 | €108,966 | +€5,959 | +5.8% |
| Distributable reserves | 133 | €103,007 | €108,966 | +€5,959 | +5.8% |
| Amounts payable | 17/49 | €1,593,187 | €1,604,409 | +€11,222 | +0.7% |
| Amounts payable after more than one year | 17 | €494,201 | €425,698 | -€68,503 | -13.9% |
| Financial debts | 170/4 | €189,201 | €120,698 | -€68,503 | -36.2% |
| Other amounts payable | 178/9 | €305,000 | €305,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,098,985 | €1,174,297 | +€75,312 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €86,447 | €68,503 | -€17,944 | -20.8% |
| Financial debts | 43 | - | €71,187 | +€71,187 | |
| Credit institutions | 430/8 | - | €59,351 | +€59,351 | |
| Other loans | 439 | - | €11,836 | +€11,836 | |
| Trade debts | 44 | €224,812 | €303,806 | +€78,995 | +35.1% |
| Suppliers | 440/4 | €224,812 | €303,806 | +€78,995 | +35.1% |
| Advances received on contracts in progress | 46 | - | €10,883 | +€10,883 | |
| Taxes, remuneration and social security | 45 | €61,405 | €45,071 | -€16,334 | -26.6% |
| Taxes | 450/3 | €13,071 | €6,844 | -€6,227 | -47.6% |
| Remuneration and social security | 454/9 | €48,334 | €38,227 | -€10,107 | -20.9% |
| Other amounts payable | 47/48 | €726,322 | €674,847 | -€51,475 | -7.1% |
| Accrued charges and deferred income | 492/3 | €0 | €4,414 | +€4,414 | |
| Remuneration, social security and pensions | 62 | €293,989 | €278,919 | -€15,070 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,913 | €89,029 | -€4,884 | -5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,506 | +€1,506 | |
| Other operating charges | 640/8 | €25,817 | €5,470 | -€20,347 | -78.8% |
| Non-recurring operating charges | 66A | - | €4,591 | +€4,591 | |
| Gross operating margin | 9900 | €450,372 | €403,530 | -€46,842 | -10.4% |
| Operating profit (loss) | 9901 | €36,653 | €24,015 | -€12,639 | -34.5% |
| Financial income | 75/76B | €2,104 | €626 | -€1,478 | -70.2% |
| Recurring financial income | 75 | €2,104 | €626 | -€1,478 | -70.2% |
| Financial charges | 65/66B | €33,649 | €18,452 | -€15,197 | -45.2% |
| Recurring financial charges | 65 | €33,649 | €18,452 | -€15,197 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €5,108 | €6,189 | +€1,081 | +21.2% |
| Income taxes | 67/77 | €226 | €230 | +€4 | +1.8% |
| Profit (loss) for the period | 9904 | €4,882 | €5,959 | +€1,077 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,882 | €5,959 | +€1,077 | +22.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.