Strobbe: what changed
Strobbe
Largest movements
- Cash +€242,175
up €242,175 (+96.2%), from €251,771 to €493,947
mainly Other debts (+€1.1m) and Net result for the year (+€99,222)
- Receivables within one year -€80,025
down €80,025 (-53.2%), from €150,391 to €70,366
of which Other amounts receivable: -€54,160
- Tangible fixed assets -€51,164
down €51,164 (-9.6%), from €532,221 to €481,058
of which Land and buildings: -€42,369
- Current investments -€45,008
down €45,008 (-65.2%), from €69,000 to €23,991
- Other debts +€1.1m
up €1.1m (+2,146%), from €49,980 to €1.1m
- Contributions -€1.1m
down €1.1m (-98.3%), from €1.1m to €19,047
- Reserves +€99,222
up €99,222 (+7.7%), from €1.3m to €1.4m
of which Distributable reserves: +€99,222
- Gross operating margin -€23,816
down €23,816 (-10.8%), from €221,294 to €197,478
- Financial income +€13,852
up €13,852 (+7,421%), from €187 to €14,039
- Taxes -€2,591
down €2,591 (-5.6%), from €46,123 to €43,532
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,542,404 | €2,610,692 | +€68,288 | +2.7% |
| Fixed assets | 21/28 | €2,070,259 | €2,019,095 | -€51,164 | -2.5% |
| Tangible fixed assets | 22/27 | €532,221 | €481,058 | -€51,164 | -9.6% |
| Land and buildings | 22 | €511,118 | €468,749 | -€42,369 | -8.3% |
| Furniture and vehicles | 24 | €21,103 | €12,309 | -€8,794 | -41.7% |
| Financial fixed assets | 28 | €1,538,037 | €1,538,037 | = | 0.0% |
| Current assets | 29/58 | €472,145 | €591,597 | +€119,452 | +25.3% |
| Amounts receivable within one year | 40/41 | €150,391 | €70,366 | -€80,025 | -53.2% |
| Trade receivables | 40 | €46,294 | €20,429 | -€25,865 | -55.9% |
| Other amounts receivable | 41 | €104,097 | €49,937 | -€54,160 | -52.0% |
| Current investments | 50/53 | €69,000 | €23,991 | -€45,008 | -65.2% |
| Cash at bank and in hand | 54/58 | €251,771 | €493,947 | +€242,175 | +96.2% |
| Deferred charges and accrued income | 490/1 | €983 | €3,293 | +€2,310 | +235% |
| Total equity and liabilities | 10/49 | €2,542,404 | €2,610,692 | +€68,288 | +2.7% |
| Equity | 10/15 | €2,373,268 | €1,400,490 | -€972,778 | -41.0% |
| Contributions | 10/11 | €1,091,047 | €19,047 | -€1.1m | -98.3% |
| Reserves | 13 | €1,282,221 | €1,381,443 | +€99,222 | +7.7% |
| Non-distributable reserves | 130/1 | €109,105 | €109,105 | = | 0.0% |
| Reserves not available under the articles | 1311 | €109,105 | €109,105 | = | 0.0% |
| Distributable reserves | 133 | €1,173,116 | €1,272,338 | +€99,222 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €169,135 | €1,210,202 | +€1.0m | +616% |
| Amounts payable after more than one year | 17 | €58,333 | €35,000 | -€23,333 | -40.0% |
| Financial debts | 170/4 | €58,333 | €35,000 | -€23,333 | -40.0% |
| Amounts payable within one year | 42/48 | €110,802 | €1,175,202 | +€1.1m | +961% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | €23,333 | = | 0.0% |
| Trade debts | 44 | €3,747 | €4,667 | +€919 | +24.5% |
| Suppliers | 440/4 | €3,747 | €4,667 | +€919 | +24.5% |
| Taxes, remuneration and social security | 45 | €33,741 | €24,645 | -€9,095 | -27.0% |
| Taxes | 450/3 | €33,741 | €24,645 | -€9,095 | -27.0% |
| Other amounts payable | 47/48 | €49,980 | €1,122,556 | +€1.1m | +2,146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,716 | €51,164 | -€1,552 | -2.9% |
| Other operating charges | 640/8 | €13,654 | €14,225 | +€572 | +4.2% |
| Gross operating margin | 9900 | €221,294 | €197,478 | -€23,816 | -10.8% |
| Operating profit (loss) | 9901 | €154,925 | €132,089 | -€22,836 | -14.7% |
| Financial income | 75/76B | €187 | €14,039 | +€13,852 | +7,421% |
| Recurring financial income | 75 | €187 | €14,039 | +€13,852 | +7,421% |
| Financial charges | 65/66B | €2,721 | €3,373 | +€652 | +24.0% |
| Recurring financial charges | 65 | €2,721 | €3,373 | +€652 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €152,390 | €142,754 | -€9,636 | -6.3% |
| Income taxes | 67/77 | €46,123 | €43,532 | -€2,591 | -5.6% |
| Profit (loss) for the period | 9904 | €106,267 | €99,222 | -€7,045 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,267 | €99,222 | -€7,045 | -6.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.