STROUWI: 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.
STROUWI
Largest movements
- Intangible fixed assets +€224,897
up €224,897 (+86.6%), from €259,672 to €484,569
- Cash -€83,993
down €83,993 (-58.2%), from €144,226 to €60,234
mainly Investment in fixed assets (net) (-€275,103) and Debts after one year (-€173,622)
- Tangible fixed assets -€25,001
down €25,001 (-4.1%), from €610,598 to €585,597
of which Land and buildings: -€23,726
- Current portion of long-term debt +€257,509
up €257,509 (+856%), from €30,067 to €287,576
- Debts after one year -€173,622
down €173,622 (-20.3%), from €855,015 to €681,393
- Tax, wage and social debts +€27,377
up €27,377 (+33.9%), from €80,805 to €108,182
of which Remuneration and social security: +€19,879
- Trade debts -€24,441
down €24,441 (-61.5%), from €39,773 to €15,332
- Short-term financial debts +€17,022
up €17,022 (+30.7%), from €55,407 to €72,429
- Gross operating margin +€147,465
up €147,465 (+28.2%), from €523,211 to €670,677
- Staff costs +€56,802
up €56,802 (+12.6%), from €449,534 to €506,336
- Depreciation +€36,496
up €36,496 (+79.8%), from €45,711 to €82,207
- Financial charges +€23,854
up €23,854 (+55.1%), from €43,269 to €67,123
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 | €1,118,467 | €1,225,001 | +€106,535 | +9.5% |
| Fixed assets | 21/28 | €877,270 | €1,070,166 | +€192,896 | +22.0% |
| Intangible fixed assets | 21 | €259,672 | €484,569 | +€224,897 | +86.6% |
| Tangible fixed assets | 22/27 | €610,598 | €585,597 | -€25,001 | -4.1% |
| Land and buildings | 22 | €574,201 | €550,475 | -€23,726 | -4.1% |
| Furniture and vehicles | 24 | €23,112 | €26,386 | +€3,274 | +14.2% |
| Leasing and similar rights | 25 | €13,285 | €8,736 | -€4,549 | -34.2% |
| Financial fixed assets | 28 | €7,000 | €0 | -€7,000 | -100% |
| Current assets | 29/58 | €241,197 | €154,836 | -€86,362 | -35.8% |
| Amounts receivable within one year | 40/41 | €91,796 | €86,912 | -€4,885 | -5.3% |
| Trade receivables | 40 | €80,095 | €78,330 | -€1,765 | -2.2% |
| Other amounts receivable | 41 | €11,702 | €8,582 | -€3,120 | -26.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €144,226 | €60,234 | -€83,993 | -58.2% |
| Deferred charges and accrued income | 490/1 | €5,174 | €7,690 | +€2,516 | +48.6% |
| Total equity and liabilities | 10/49 | €1,118,467 | €1,225,001 | +€106,535 | +9.5% |
| Equity | 10/15 | €50,609 | €59,486 | +€8,878 | +17.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €57,368 | €57,368 | = | 0.0% |
| Distributable reserves | 133 | €57,368 | €57,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,760 | -€7,882 | +€8,878 | +53.0% |
| Amounts payable | 17/49 | €1,067,858 | €1,165,515 | +€97,657 | +9.1% |
| Amounts payable after more than one year | 17 | €855,015 | €681,393 | -€173,622 | -20.3% |
| Financial debts | 170/4 | €855,015 | €681,393 | -€173,622 | -20.3% |
| Amounts payable within one year | 42/48 | €212,843 | €484,122 | +€271,279 | +127% |
| Current portion of amounts payable after more than one year | 42 | €30,067 | €287,576 | +€257,509 | +856% |
| Financial debts | 43 | €55,407 | €72,429 | +€17,022 | +30.7% |
| Credit institutions | 430/8 | €55,407 | €72,429 | +€17,022 | +30.7% |
| Trade debts | 44 | €39,773 | €15,332 | -€24,441 | -61.5% |
| Suppliers | 440/4 | €39,773 | €15,332 | -€24,441 | -61.5% |
| Taxes, remuneration and social security | 45 | €80,805 | €108,182 | +€27,377 | +33.9% |
| Taxes | 450/3 | €15,070 | €22,568 | +€7,498 | +49.8% |
| Remuneration and social security | 454/9 | €65,734 | €85,614 | +€19,879 | +30.2% |
| Other amounts payable | 47/48 | €6,790 | €603 | -€6,188 | -91.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €449,534 | €506,336 | +€56,802 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,711 | €82,207 | +€36,496 | +79.8% |
| Other operating charges | 640/8 | €6,359 | €4,765 | -€1,594 | -25.1% |
| Gross operating margin | 9900 | €523,211 | €670,677 | +€147,465 | +28.2% |
| Operating profit (loss) | 9901 | €21,607 | €77,369 | +€55,762 | +258% |
| Financial income | 75/76B | €137 | €50 | -€87 | -63.3% |
| Recurring financial income | 75 | €137 | €50 | -€87 | -63.3% |
| Financial charges | 65/66B | €43,269 | €67,123 | +€23,854 | +55.1% |
| Recurring financial charges | 65 | €43,269 | €67,123 | +€23,854 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,525 | €10,296 | +€31,821 | |
| Income taxes | 67/77 | €1,013 | €1,418 | +€405 | +40.0% |
| Profit (loss) for the period | 9904 | -€22,538 | €8,878 | +€31,416 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,538 | €8,878 | +€31,416 |
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 25 October 2026 via checked.be.