STROPPA: 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.
What changed
STROPPA
NACE 43.990, Other specialised construction activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€859,177
2024 · €624,065+€235,112
Equity
€2.8m
2024 · €1.9m+€859,177
Cash
€691,196
2024 · €657,951+€33,245
Balance sheet total
€3.5m
2024 · €2.8m+€678,276
Largest movements
Assets
- Receivables after one year +€850,000
new in 2025: €850,000
- Receivables within one year -€209,694
down €209,694 (-11.3%), from €1.9m to €1.6m
of which Trade receivables: -€219,588
Equity and liabilities
- Reserves +€859,000
up €859,000 (+45.3%), from €1.9m to €2.8m
of which Distributable reserves: +€859,000
- Short-term financial debts -€117,619
down €117,619 (-100%), from €117,619 to €0
- Trade debts -€85,577
down €85,577 (-18.3%), from €468,323 to €382,746
- Tax, wage and social debts +€35,245
up €35,245 (+18.6%), from €189,297 to €224,542
of which Taxes: +€63,953
Income statement
- Gross operating margin +€214,210
up €214,210 (+7.6%), from €2.8m to €3.0m
- Staff costs -€115,505
down €115,505 (-6.3%), from €1.8m to €1.7m
- Taxes +€76,797
up €76,797 (+31.7%), from €242,369 to €319,166
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.
Result 2024
€624,065
Gross operating margin
+€214,210
Staff costs
+€115,505
Depreciation
-€13,399
Other operating charges
-€4,969
Other operating items
-€11,188
Financial income
+€11,310
Financial charges
+€441
Taxes
-€76,797
Result 2025
€859,177
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€268,428
Investment
-€105,040
Financing
-€130,143
Cash 2024
€657,951
From operations (derived)
+€268,428
Net result for the year
+€859,177
Depreciation
+€104,433
Receivables after one year
-€850,000
Receivables within one year
+€209,694
Deferred charges and accrued income
-€4,117
Trade debts
-€85,577
Tax, wage and social debts
+€35,245
Accrued charges and deferred income
-€426
Investment (derived)
-€105,040
Investment in fixed assets (net)
-€105,040
Financing
-€130,143
Debts after one year
-€27,171
Current portion of long-term debt
+€14,647
Short-term financial debts
-€117,619
Cash 2025
€691,196
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,838,433 | €3,516,709 | +€678,276 | +23.9% |
| Fixed assets | 21/28 | €295,056 | €295,663 | +€607 | +0.2% |
| Intangible fixed assets | 21 | €9,879 | €17,012 | +€7,133 | +72.2% |
| Tangible fixed assets | 22/27 | €284,826 | €278,301 | -€6,525 | -2.3% |
| Plant, machinery and equipment | 23 | €121,540 | €129,385 | +€7,846 | +6.5% |
| Furniture and vehicles | 24 | €5,414 | €3,161 | -€2,253 | -41.6% |
| Leasing and similar rights | 25 | €152,000 | €141,269 | -€10,731 | -7.1% |
| Other tangible fixed assets | 26 | €5,873 | €4,486 | -€1,388 | -23.6% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €2,543,377 | €3,221,045 | +€677,669 | +26.6% |
| Amounts receivable after more than one year | 29 | - | €850,000 | +€850,000 | |
| Other amounts receivable | 291 | - | €850,000 | +€850,000 | |
| Amounts receivable within one year | 40/41 | €1,858,987 | €1,649,293 | -€209,694 | -11.3% |
| Trade receivables | 40 | €1,808,814 | €1,589,226 | -€219,588 | -12.1% |
| Other amounts receivable | 41 | €50,172 | €60,067 | +€9,895 | +19.7% |
| Cash at bank and in hand | 54/58 | €657,951 | €691,196 | +€33,245 | +5.1% |
| Deferred charges and accrued income | 490/1 | €26,439 | €30,556 | +€4,117 | +15.6% |
| Total equity and liabilities | 10/49 | €2,838,433 | €3,516,709 | +€678,276 | +23.9% |
| Equity | 10/15 | €1,908,559 | €2,767,736 | +€859,177 | +45.0% |
| Contributions | 10/11 | €13,818 | €13,818 | = | 0.0% |
| Reserves | 13 | €1,894,591 | €2,753,591 | +€859,000 | +45.3% |
| Non-distributable reserves | 130/1 | €1,382 | €1,382 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,382 | €1,382 | = | 0.0% |
| Tax-exempt reserves | 132 | €209 | €209 | = | 0.0% |
| Distributable reserves | 133 | €1,893,000 | €2,752,000 | +€859,000 | +45.4% |
| Profit (loss) carried forward | 14 | €150 | €327 | +€177 | +119% |
| Amounts payable | 17/49 | €929,874 | €748,973 | -€180,901 | -19.5% |
| Amounts payable after more than one year | 17 | €101,555 | €74,384 | -€27,171 | -26.8% |
| Financial debts | 170/4 | €101,555 | €74,384 | -€27,171 | -26.8% |
| Amounts payable within one year | 42/48 | €827,012 | €673,708 | -€153,304 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €51,773 | €66,420 | +€14,647 | +28.3% |
| Financial debts | 43 | €117,619 | €0 | -€117,619 | -100% |
| Credit institutions | 430/8 | €117,619 | €0 | -€117,619 | -100% |
| Trade debts | 44 | €468,323 | €382,746 | -€85,577 | -18.3% |
| Suppliers | 440/4 | €468,323 | €382,746 | -€85,577 | -18.3% |
| Taxes, remuneration and social security | 45 | €189,297 | €224,542 | +€35,245 | +18.6% |
| Taxes | 450/3 | €38,910 | €102,863 | +€63,953 | +164% |
| Remuneration and social security | 454/9 | €150,387 | €121,679 | -€28,708 | -19.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,307 | €881 | -€426 | -32.6% |
| Non-recurring operating income | 76A | €398 | €0 | -€398 | -100% |
| Remuneration, social security and pensions | 62 | €1,832,584 | €1,717,078 | -€115,505 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,034 | €104,433 | +€13,399 | +14.7% |
| Other operating charges | 640/8 | €26,395 | €31,364 | +€4,969 | +18.8% |
| Non-recurring operating charges | 66A | €0 | €11,188 | +€11,188 | |
| Gross operating margin | 9900 | €2,826,992 | €3,041,202 | +€214,210 | +7.6% |
| Operating profit (loss) | 9901 | €876,980 | €1,177,138 | +€300,158 | +34.2% |
| Financial income | 75/76B | €26 | €11,336 | +€11,310 | +43,266% |
| Recurring financial income | 75 | €26 | €11,336 | +€11,310 | +43,266% |
| Financial charges | 65/66B | €10,572 | €10,131 | -€441 | -4.2% |
| Recurring financial charges | 65 | €10,572 | €10,131 | -€441 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €866,435 | €1,178,343 | +€311,909 | +36.0% |
| Income taxes | 67/77 | €242,369 | €319,166 | +€76,797 | +31.7% |
| Profit (loss) for the period | 9904 | €624,065 | €859,177 | +€235,112 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €624,065 | €859,177 | +€235,112 | +37.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.