Stroel: 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.
Stroel
Largest movements
- Cash +€28,502
up €28,502 (+29.2%), from €97,537 to €126,039
mainly Debts after one year (+€45,000) and Net result for the year (+€29,075)
- Current investments +€21,742
up €21,742 (+23.9%), from €91,075 to €112,817
- Tangible fixed assets -€20,958
down €20,958 (-23.1%), from €90,919 to €69,961
of which Furniture and vehicles: -€15,255
- Receivables within one year +€3,596
up €3,596 (+38.1%), from €9,442 to €13,038
of which Trade receivables: +€3,560
- Debts after one year +€45,000
up €45,000 (+56.3%), from €80,000 to €125,000
- Reserves -€9,000
down €9,000 (-6.9%), from €130,500 to €121,500
- Other debts -€6,603
down €6,603 (-13.2%), from €49,967 to €43,364
- Tax, wage and social debts +€3,460
up €3,460 (+253.5%), from €1,364 to €4,824
- Gross operating margin +€20,705
up €20,705 (+53.1%), from €38,971 to €59,675
- Financial income -€7,252
down €7,252 (-50.3%), from €14,426 to €7,174
- Taxes +€6,580
up €6,580 (+116.8%), from €5,636 to €12,216
- Financial charges +€2,203
up €2,203 (+693.6%), from €318 to €2,520
- Depreciation -€740
down €740 (-3.4%), from €21,698 to €20,958
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 | €289,903 | €322,556 | +€32,653 | +11.3% |
| Fixed assets | 21/28 | €90,919 | €69,961 | -€20,958 | -23.1% |
| Tangible fixed assets | 22/27 | €90,919 | €69,961 | -€20,958 | -23.1% |
| Plant, machinery and equipment | 23 | €2,247 | €1,291 | -€955 | -42.5% |
| Furniture and vehicles | 24 | €42,406 | €27,151 | -€15,255 | -36.0% |
| Other tangible fixed assets | 26 | €46,266 | €41,519 | -€4,747 | -10.3% |
| Current assets | 29/58 | €198,985 | €252,595 | +€53,610 | +26.9% |
| Amounts receivable within one year | 40/41 | €9,442 | €13,038 | +€3,596 | +38.1% |
| Trade receivables | 40 | €7,792 | €11,352 | +€3,560 | +45.7% |
| Other amounts receivable | 41 | €1,650 | €1,686 | +€36 | +2.2% |
| Current investments | 50/53 | €91,075 | €112,817 | +€21,742 | +23.9% |
| Cash at bank and in hand | 54/58 | €97,537 | €126,039 | +€28,502 | +29.2% |
| Deferred charges and accrued income | 490/1 | €930 | €700 | -€230 | -24.8% |
| Total equity and liabilities | 10/49 | €289,903 | €322,556 | +€32,653 | +11.3% |
| Equity | 10/15 | €157,291 | €148,066 | -€9,226 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,500 | €121,500 | -€9,000 | -6.9% |
| Distributable reserves | 133 | €130,500 | €121,500 | -€9,000 | -6.9% |
| Profit (loss) carried forward | 14 | €5,491 | €5,566 | +€75 | +1.4% |
| Investment grants | 15 | €2,700 | €2,400 | -€300 | -11.1% |
| Amounts payable | 17/49 | €132,612 | €174,490 | +€41,878 | +31.6% |
| Amounts payable after more than one year | 17 | €80,000 | €125,000 | +€45,000 | +56.3% |
| Other amounts payable | 178/9 | €80,000 | €125,000 | +€45,000 | +56.3% |
| Amounts payable within one year | 42/48 | €52,612 | €49,490 | -€3,122 | -5.9% |
| Trade debts | 44 | €1,280 | €1,302 | +€22 | +1.7% |
| Suppliers | 440/4 | €1,280 | €1,302 | +€22 | +1.7% |
| Taxes, remuneration and social security | 45 | €1,364 | €4,824 | +€3,460 | +253.5% |
| Taxes | 450/3 | €1,364 | €4,824 | +€3,460 | +253.5% |
| Other amounts payable | 47/48 | €49,967 | €43,364 | -€6,603 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,698 | €20,958 | -€740 | -3.4% |
| Other operating charges | 640/8 | €2,385 | €2,081 | -€304 | -12.7% |
| Gross operating margin | 9900 | €38,971 | €59,675 | +€20,705 | +53.1% |
| Operating profit (loss) | 9901 | €14,888 | €36,637 | +€21,749 | +146.1% |
| Financial income | 75/76B | €14,426 | €7,174 | -€7,252 | -50.3% |
| Recurring financial income | 75 | €14,426 | €7,174 | -€7,252 | -50.3% |
| Financial charges | 65/66B | €318 | €2,520 | +€2,203 | +693.6% |
| Recurring financial charges | 65 | €318 | €2,520 | +€2,203 | +693.6% |
| Profit (loss) for the period before taxes | 9903 | €28,996 | €41,290 | +€12,294 | +42.4% |
| Income taxes | 67/77 | €5,636 | €12,216 | +€6,580 | +116.8% |
| Profit (loss) for the period | 9904 | €23,360 | €29,075 | +€5,714 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,360 | €29,075 | +€5,714 | +24.5% |
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 10 October 2026 via checked.be.