STROBBE-CARDOEN: 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.
STROBBE-CARDOEN
Largest movements
- Cash -€8,964
down €8,964 (-16.0%), from €56,181 to €47,217
mainly Net result for the year (-€14,403) and Deferred charges and accrued income (-€112)
- Profit (loss) carried forward -€14,403
down €14,403 (-15.8%), from -€91,050 to -€105,453
- Gross operating margin +€5,164
up €5,164 (+63.9%), from -€8,078 to -€2,914
- Depreciation -€1,407
down €1,407 (-34.1%), from €4,124 to €2,717
- Other operating charges +€264
up €264 (+3.1%), from €8,463 to €8,727
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 | €339,830 | €325,463 | -€14,367 | -4.2% |
| Fixed assets | 21/28 | €278,325 | €275,608 | -€2,717 | -1.0% |
| Tangible fixed assets | 22/27 | €278,325 | €275,608 | -€2,717 | -1.0% |
| Land and buildings | 22 | €278,325 | €275,608 | -€2,717 | -1.0% |
| Current assets | 29/58 | €61,505 | €49,855 | -€11,650 | -18.9% |
| Amounts receivable within one year | 40/41 | €3,231 | €433 | -€2,798 | -86.6% |
| Trade receivables | 40 | €3,231 | €433 | -€2,798 | -86.6% |
| Cash at bank and in hand | 54/58 | €56,181 | €47,217 | -€8,964 | -16.0% |
| Deferred charges and accrued income | 490/1 | €2,093 | €2,205 | +€112 | +5.3% |
| Total equity and liabilities | 10/49 | €339,830 | €325,463 | -€14,367 | -4.2% |
| Equity | 10/15 | €140,504 | €126,101 | -€14,403 | -10.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €169,554 | €169,554 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €163,354 | €163,354 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€91,050 | -€105,453 | -€14,403 | -15.8% |
| Amounts payable | 17/49 | €199,326 | €199,362 | +€36 | 0.0% |
| Amounts payable within one year | 42/48 | €199,326 | €199,362 | +€36 | 0.0% |
| Trade debts | 44 | €126 | €162 | +€36 | +28.6% |
| Suppliers | 440/4 | €126 | €162 | +€36 | +28.6% |
| Other amounts payable | 47/48 | €199,200 | €199,200 | +€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,124 | €2,717 | -€1,407 | -34.1% |
| Other operating charges | 640/8 | €8,463 | €8,727 | +€264 | +3.1% |
| Gross operating margin | 9900 | -€8,078 | -€2,914 | +€5,164 | +63.9% |
| Operating profit (loss) | 9901 | -€20,665 | -€14,358 | +€6,307 | +30.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €43 | €45 | +€2 | +4.9% |
| Recurring financial charges | 65 | €43 | €45 | +€2 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,708 | -€14,403 | +€6,305 | +30.4% |
| Profit (loss) for the period | 9904 | -€20,708 | -€14,403 | +€6,305 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,708 | -€14,403 | +€6,305 | +30.4% |
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 4 October 2026 via checked.be.