Strobbe Nikolaas: 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.
Strobbe Nikolaas
Largest movements
- Stocks and contracts +€60,000
up €60,000, from €0 to €60,000
- Cash -€42,395
down €42,395 (-28.2%), from €150,191 to €107,796
mainly Stocks and contracts (-€60,000) and Investment in fixed assets (net) (-€58,381)
- Tangible fixed assets +€35,405
up €35,405 (+77.9%), from €45,426 to €80,831
of which Furniture and vehicles: +€38,164
- Receivables within one year -€11,699
down €11,699 (-8.0%), from €146,291 to €134,592
of which Trade receivables: -€7,946
- Other debts +€44,218
up €44,218 (+132%), from €33,478 to €77,696
- Trade debts +€27,480
up €27,480 (+388%), from €7,077 to €34,557
- Advances received -€20,000
down €20,000 (-100%), from €20,000 to €0
- Reserves -€7,615
down €7,615 (-3.0%), from €251,397 to €243,782
of which Distributable reserves: -€7,615
- Gross operating margin +€42,105
up €42,105 (+39.1%), from €107,768 to €149,873
- Staff costs +€22,616
up €22,616 (+64.0%), from €35,356 to €57,973
- Depreciation +€8,745
up €8,745 (+61.5%), from €14,231 to €22,976
- Taxes +€2,683
up €2,683 (+17.2%), from €15,566 to €18,249
- Other operating charges +€1,624
up €1,624 (+49.2%), from €3,297 to €4,921
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 | €345,573 | €388,270 | +€42,697 | +12.4% |
| Fixed assets | 21/28 | €45,426 | €80,831 | +€35,405 | +77.9% |
| Tangible fixed assets | 22/27 | €45,426 | €80,831 | +€35,405 | +77.9% |
| Land and buildings | 22 | €30,849 | €24,992 | -€5,857 | -19.0% |
| Plant, machinery and equipment | 23 | €12,940 | €16,038 | +€3,098 | +23.9% |
| Furniture and vehicles | 24 | €1,637 | €39,801 | +€38,164 | +2,331% |
| Current assets | 29/58 | €300,147 | €307,439 | +€7,292 | +2.4% |
| Stocks and contracts in progress | 3 | €0 | €60,000 | +€60,000 | |
| Contracts in progress | 37 | €0 | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €146,291 | €134,592 | -€11,699 | -8.0% |
| Trade receivables | 40 | €133,433 | €125,487 | -€7,946 | -6.0% |
| Other amounts receivable | 41 | €12,859 | €9,106 | -€3,753 | -29.2% |
| Cash at bank and in hand | 54/58 | €150,191 | €107,796 | -€42,395 | -28.2% |
| Deferred charges and accrued income | 490/1 | €3,665 | €5,051 | +€1,386 | +37.8% |
| Total equity and liabilities | 10/49 | €345,573 | €388,270 | +€42,697 | +12.4% |
| Equity | 10/15 | €269,997 | €262,382 | -€7,615 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €251,397 | €243,782 | -€7,615 | -3.0% |
| Tax-exempt reserves | 132 | €13,438 | €13,438 | = | 0.0% |
| Distributable reserves | 133 | €237,959 | €230,344 | -€7,615 | -3.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €75,576 | €125,888 | +€50,312 | +66.6% |
| Amounts payable within one year | 42/48 | €74,496 | €124,662 | +€50,166 | +67.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,077 | €34,557 | +€27,480 | +388% |
| Suppliers | 440/4 | €7,077 | €34,557 | +€27,480 | +388% |
| Advances received on contracts in progress | 46 | €20,000 | €0 | -€20,000 | -100% |
| Taxes, remuneration and social security | 45 | €13,941 | €12,409 | -€1,532 | -11.0% |
| Taxes | 450/3 | €3,984 | €4,339 | +€355 | +8.9% |
| Remuneration and social security | 454/9 | €9,957 | €8,070 | -€1,887 | -19.0% |
| Other amounts payable | 47/48 | €33,478 | €77,696 | +€44,218 | +132% |
| Accrued charges and deferred income | 492/3 | €1,080 | €1,226 | +€146 | +13.5% |
| Remuneration, social security and pensions | 62 | €35,356 | €57,973 | +€22,616 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,231 | €22,976 | +€8,745 | +61.5% |
| Other operating charges | 640/8 | €3,297 | €4,921 | +€1,624 | +49.2% |
| Gross operating margin | 9900 | €107,768 | €149,873 | +€42,105 | +39.1% |
| Operating profit (loss) | 9901 | €54,883 | €64,004 | +€9,120 | +16.6% |
| Financial income | 75/76B | €1,204 | €1,601 | +€397 | +33.0% |
| Recurring financial income | 75 | €1,204 | €1,601 | +€397 | +33.0% |
| Financial charges | 65/66B | €1,542 | €1,510 | -€32 | -2.1% |
| Recurring financial charges | 65 | €1,542 | €1,510 | -€32 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €54,545 | €64,095 | +€9,550 | +17.5% |
| Income taxes | 67/77 | €15,566 | €18,249 | +€2,683 | +17.2% |
| Profit (loss) for the period | 9904 | €38,979 | €45,846 | +€6,867 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,979 | €45,846 | +€6,867 | +17.6% |
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 20 October 2026 via checked.be.