Strong Projects: 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.
Strong Projects
Largest movements
- Receivables within one year -€229,288
down €229,288 (-92.9%), from €246,721 to €17,433
of which Other amounts receivable: -€240,927
- Receivables after one year -€8,356
down €8,356 (-5.0%), from €166,268 to €157,912
- Reserves -€246,124
down €246,124 (-58.4%), from €421,524 to €175,400
of which Distributable reserves: -€246,124
- Other debts +€25,766
new in 2025: €25,766
- Profit (loss) carried forward -€16,734
new in 2025: -€16,734
- Financial charges +€26,724
up €26,724 (+42.4%), from €63,020 to €89,744
- Gross operating margin +€14,500
up €14,500 (+19.2%), from €75,711 to €90,211
- Other operating charges +€1,211
up €1,211 (+99.1%), from €1,221 to €2,432
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 | €448,927 | €211,640 | -€237,286 | -52.9% |
| Fixed assets | 21/28 | €11,374 | €7,865 | -€3,509 | -30.9% |
| Tangible fixed assets | 22/27 | €11,374 | €7,865 | -€3,509 | -30.9% |
| Plant, machinery and equipment | 23 | €8,630 | €5,844 | -€2,786 | -32.3% |
| Furniture and vehicles | 24 | €2,743 | €2,021 | -€723 | -26.3% |
| Current assets | 29/58 | €437,553 | €203,776 | -€233,777 | -53.4% |
| Amounts receivable after more than one year | 29 | €166,268 | €157,912 | -€8,356 | -5.0% |
| Other amounts receivable | 291 | €166,268 | €157,912 | -€8,356 | -5.0% |
| Amounts receivable within one year | 40/41 | €246,721 | €17,433 | -€229,288 | -92.9% |
| Trade receivables | 40 | - | €11,638 | +€11,638 | |
| Other amounts receivable | 41 | €246,721 | €5,794 | -€240,927 | -97.7% |
| Cash at bank and in hand | 54/58 | €24,563 | €28,092 | +€3,529 | +14.4% |
| Deferred charges and accrued income | 490/1 | - | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €448,927 | €211,640 | -€237,286 | -52.9% |
| Equity | 10/15 | €440,124 | €177,265 | -€262,859 | -59.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €421,524 | €175,400 | -€246,124 | -58.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €21 | €21 | = | 0.0% |
| Distributable reserves | 133 | €419,643 | €173,519 | -€246,124 | -58.7% |
| Profit (loss) carried forward | 14 | - | -€16,734 | -€16,734 | |
| Amounts payable | 17/49 | €8,803 | €34,375 | +€25,572 | +290.5% |
| Amounts payable within one year | 42/48 | €8,803 | €34,375 | +€25,572 | +290.5% |
| Current portion of amounts payable after more than one year | 42 | €1,837 | €1,830 | -€6 | -0.3% |
| Trade debts | 44 | €3,338 | €2,166 | -€1,172 | -35.1% |
| Suppliers | 440/4 | €3,338 | €2,166 | -€1,172 | -35.1% |
| Taxes, remuneration and social security | 45 | €3,628 | €4,614 | +€985 | +27.2% |
| Taxes | 450/3 | €3,537 | €4,522 | +€985 | +27.9% |
| Remuneration and social security | 454/9 | €91 | €91 | = | 0.0% |
| Other amounts payable | 47/48 | - | €25,766 | +€25,766 | |
| Remuneration, social security and pensions | 62 | €13,245 | €13,347 | +€102 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,944 | €5,060 | +€116 | +2.3% |
| Other operating charges | 640/8 | €1,221 | €2,432 | +€1,211 | +99.1% |
| Gross operating margin | 9900 | €75,711 | €90,211 | +€14,500 | +19.2% |
| Operating profit (loss) | 9901 | €56,300 | €69,372 | +€13,072 | +23.2% |
| Financial income | 75/76B | €4,193 | €3,991 | -€202 | -4.8% |
| Recurring financial income | 75 | €4,193 | €3,991 | -€202 | -4.8% |
| Financial charges | 65/66B | €63,020 | €89,744 | +€26,724 | +42.4% |
| Recurring financial charges | 65 | €63,020 | €89,744 | +€26,724 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,526 | -€16,381 | -€13,855 | -548.5% |
| Income taxes | 67/77 | €790 | €354 | -€436 | -55.2% |
| Profit (loss) for the period | 9904 | -€3,316 | -€16,734 | -€13,418 | -404.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,316 | -€16,734 | -€13,418 | -404.7% |
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.