STROM: 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.
STROM
Largest movements
- Cash -€107,594
down €107,594 (-72.9%), from €147,499 to €39,905
mainly Other debts (-€170,143) and Tax, wage and social debts (-€86,525)
- Stocks and contracts +€84,347
up €84,347 (+93.3%), from €90,419 to €174,766
- Receivables within one year -€40,976
down €40,976 (-19.0%), from €215,934 to €174,958
of which Trade receivables: -€46,341
- Deferred charges and accrued income -€5,230
down €5,230 (-48.5%), from €10,791 to €5,561
- Other debts -€170,143
down €170,143 (-88.3%), from €192,711 to €22,568
- Trade debts +€160,747
up €160,747 (+246.5%), from €65,222 to €225,969
- Tax, wage and social debts -€86,525
down €86,525 (-65.9%), from €131,233 to €44,708
of which Taxes: -€85,705
- Reserves +€24,663
up €24,663 (+27.0%), from €91,411 to €116,074
of which Distributable reserves: +€24,663
- Gross operating margin -€208,633
down €208,633 (-56.7%), from €368,234 to €159,601
- Taxes -€56,469
down €56,469 (-85.4%), from €66,125 to €9,657
- Financial charges +€5,918
up €5,918 (+99.4%), from €5,955 to €11,873
of which Non-recurring financial charges: +€3,500
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 | €488,113 | €415,152 | -€72,962 | -14.9% |
| Fixed assets | 21/28 | €23,471 | €19,962 | -€3,509 | -15.0% |
| Intangible fixed assets | 21 | €3,942 | €2,551 | -€1,391 | -35.3% |
| Tangible fixed assets | 22/27 | €5,574 | €5,956 | +€382 | +6.9% |
| Plant, machinery and equipment | 23 | €4,133 | €5,009 | +€875 | +21.2% |
| Furniture and vehicles | 24 | €1,440 | €947 | -€493 | -34.3% |
| Financial fixed assets | 28 | €13,955 | €11,455 | -€2,500 | -17.9% |
| Current assets | 29/58 | €464,642 | €395,190 | -€69,452 | -14.9% |
| Stocks and contracts in progress | 3 | €90,419 | €174,766 | +€84,347 | +93.3% |
| Stocks | 30/36 | €90,419 | €174,766 | +€84,347 | +93.3% |
| Amounts receivable within one year | 40/41 | €215,934 | €174,958 | -€40,976 | -19.0% |
| Trade receivables | 40 | €215,816 | €169,475 | -€46,341 | -21.5% |
| Other amounts receivable | 41 | €118 | €5,483 | +€5,365 | +4540.3% |
| Cash at bank and in hand | 54/58 | €147,499 | €39,905 | -€107,594 | -72.9% |
| Deferred charges and accrued income | 490/1 | €10,791 | €5,561 | -€5,230 | -48.5% |
| Total equity and liabilities | 10/49 | €488,113 | €415,152 | -€72,962 | -14.9% |
| Equity | 10/15 | €97,011 | €121,674 | +€24,663 | +25.4% |
| Contributions | 10/11 | €5,600 | €5,600 | = | 0.0% |
| Reserves | 13 | €91,411 | €116,074 | +€24,663 | +27.0% |
| Non-distributable reserves | 130/1 | €90,300 | €90,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €560 | €560 | = | 0.0% |
| Other | 1319 | €89,740 | €89,740 | = | 0.0% |
| Distributable reserves | 133 | €1,111 | €25,774 | +€24,663 | +2219.4% |
| Amounts payable | 17/49 | €391,102 | €293,478 | -€97,624 | -25.0% |
| Amounts payable within one year | 42/48 | €389,167 | €293,245 | -€95,921 | -24.6% |
| Trade debts | 44 | €65,222 | €225,969 | +€160,747 | +246.5% |
| Suppliers | 440/4 | €65,222 | €225,969 | +€160,747 | +246.5% |
| Taxes, remuneration and social security | 45 | €131,233 | €44,708 | -€86,525 | -65.9% |
| Taxes | 450/3 | €110,612 | €24,907 | -€85,705 | -77.5% |
| Remuneration and social security | 454/9 | €20,621 | €19,801 | -€820 | -4.0% |
| Other amounts payable | 47/48 | €192,711 | €22,568 | -€170,143 | -88.3% |
| Accrued charges and deferred income | 492/3 | €1,935 | €233 | -€1,703 | -88.0% |
| Remuneration, social security and pensions | 62 | €106,658 | €109,176 | +€2,518 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,636 | €4,158 | +€1,522 | +57.7% |
| Other operating charges | 640/8 | €1,339 | €680 | -€659 | -49.2% |
| Gross operating margin | 9900 | €368,234 | €159,601 | -€208,633 | -56.7% |
| Operating profit (loss) | 9901 | €257,601 | €45,586 | -€212,014 | -82.3% |
| Financial income | 75/76B | €1,531 | €606 | -€926 | -60.4% |
| Recurring financial income | 75 | €1,531 | €606 | -€926 | -60.4% |
| Financial charges | 65/66B | €5,955 | €11,873 | +€5,918 | +99.4% |
| Recurring financial charges | 65 | €5,955 | €8,373 | +€2,418 | +40.6% |
| Non-recurring financial charges | 66B | - | €3,500 | +€3,500 | |
| Profit (loss) for the period before taxes | 9903 | €253,177 | €34,319 | -€218,858 | -86.4% |
| Income taxes | 67/77 | €66,125 | €9,657 | -€56,469 | -85.4% |
| Profit (loss) for the period | 9904 | €187,052 | €24,663 | -€162,390 | -86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €187,052 | €24,663 | -€162,390 | -86.8% |
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 8 October 2026 via checked.be.