STROEF ISABELLE: 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.
STROEF ISABELLE
Largest movements
- Tangible fixed assets +€430,615
up €430,615 (+34.2%), from €1.3m to €1.7m
of which Land and buildings: +€429,552
- Current investments -€380,000
down €380,000 (-85.6%), from €443,886 to €63,886
- Cash +€92,153
up €92,153 (+395%), from €23,344 to €115,497
mainly Current investments (+€380,000) and Deferred charges and accrued income (+€61,257)
- Deferred charges and accrued income -€61,257
down €61,257 (-95.4%), from €64,208 to €2,951
- Reserves +€57,761
up €57,761 (+43.8%), from €131,875 to €189,636
- Gross operating margin -€67,014
down €67,014 (-34.5%), from €194,485 to €127,471
- Depreciation -€41,080
down €41,080 (-98.1%), from €41,886 to €805
- Financial income +€6,906
up €6,906 (+410%), from €1,686 to €8,593
- Financial charges -€6,320
down €6,320 (-11.3%), from €55,721 to €49,401
- Other operating charges -€3,208
down €3,208 (-95.7%), from €3,352 to €144
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 | €1,818,331 | €1,884,639 | +€66,308 | +3.6% |
| Fixed assets | 21/28 | €1,260,132 | €1,690,747 | +€430,615 | +34.2% |
| Tangible fixed assets | 22/27 | €1,260,132 | €1,690,747 | +€430,615 | +34.2% |
| Land and buildings | 22 | €1,259,540 | €1,689,091 | +€429,552 | +34.1% |
| Furniture and vehicles | 24 | €592 | €1,656 | +€1,064 | +180% |
| Current assets | 29/58 | €558,199 | €193,892 | -€364,307 | -65.3% |
| Amounts receivable within one year | 40/41 | €26,760 | €11,558 | -€15,203 | -56.8% |
| Trade receivables | 40 | €18,375 | €11,558 | -€6,817 | -37.1% |
| Other amounts receivable | 41 | €8,385 | - | -€8,385 | |
| Current investments | 50/53 | €443,886 | €63,886 | -€380,000 | -85.6% |
| Cash at bank and in hand | 54/58 | €23,344 | €115,497 | +€92,153 | +395% |
| Deferred charges and accrued income | 490/1 | €64,208 | €2,951 | -€61,257 | -95.4% |
| Total equity and liabilities | 10/49 | €1,818,331 | €1,884,639 | +€66,308 | +3.6% |
| Equity | 10/15 | €1,031,875 | €1,089,636 | +€57,761 | +5.6% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €131,875 | €189,636 | +€57,761 | +43.8% |
| Distributable reserves | 133 | €131,875 | €189,636 | +€57,761 | +43.8% |
| Amounts payable | 17/49 | €786,456 | €795,002 | +€8,547 | +1.1% |
| Amounts payable after more than one year | 17 | €731,486 | €722,727 | -€8,759 | -1.2% |
| Other amounts payable | 178/9 | €731,486 | €722,727 | -€8,759 | -1.2% |
| Amounts payable within one year | 42/48 | €54,970 | €72,275 | +€17,306 | +31.5% |
| Trade debts | 44 | €856 | €690 | -€166 | -19.4% |
| Suppliers | 440/4 | €856 | €690 | -€166 | -19.4% |
| Taxes, remuneration and social security | 45 | €54,114 | €71,586 | +€17,472 | +32.3% |
| Taxes | 450/3 | €54,114 | €71,586 | +€17,472 | +32.3% |
| Non-recurring operating income | 76A | €61,291 | - | -€61,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,886 | €805 | -€41,080 | -98.1% |
| Other operating charges | 640/8 | €3,352 | €144 | -€3,208 | -95.7% |
| Non-recurring operating charges | 66A | €11,135 | - | -€11,135 | |
| Gross operating margin | 9900 | €194,485 | €127,471 | -€67,014 | -34.5% |
| Operating profit (loss) | 9901 | €138,112 | €126,522 | -€11,591 | -8.4% |
| Financial income | 75/76B | €1,686 | €8,593 | +€6,906 | +410% |
| Recurring financial income | 75 | €1,686 | €8,593 | +€6,906 | +410% |
| Financial charges | 65/66B | €55,721 | €49,401 | -€6,320 | -11.3% |
| Recurring financial charges | 65 | €55,721 | €49,401 | -€6,320 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €84,078 | €85,714 | +€1,636 | +1.9% |
| Income taxes | 67/77 | €27,098 | €27,953 | +€855 | +3.2% |
| Profit (loss) for the period | 9904 | €56,980 | €57,761 | +€781 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,980 | €57,761 | +€781 | +1.4% |
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.