STROVAN: 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.
STROVAN
Largest movements
- Receivables within one year -€21,148
down €21,148 (-49.2%), from €43,011 to €21,863
of which Trade receivables: -€21,327
- Stocks and contracts -€19,170
down €19,170 (-13.2%), from €145,506 to €126,336
- Tangible fixed assets -€10,559
down €10,559 (-23.3%), from €45,289 to €34,730
of which Furniture and vehicles: -€6,680
- Intangible fixed assets -€5,516
down €5,516 (-45.2%), from €12,197 to €6,680
- Cash +€5,183
up €5,183 (+133.2%), from €3,891 to €9,074
mainly Receivables within one year (+€21,148) and Stocks and contracts (+€19,170)
- Trade debts -€30,031
down €30,031 (-48.7%), from €61,646 to €31,615
- Short-term financial debts -€19,923
down €19,923 (-28.5%), from €70,000 to €50,077
- Profit (loss) carried forward -€3,650
down €3,650 (-8.4%), from -€43,647 to -€47,297
- Write-downs -€68,694
down €68,694 (-618.5%), from -€11,106 to -€79,800
- Gross operating margin -€45,582
down €45,582 (-96.6%), from €47,205 to €1,623
- Other operating charges -€11,230
down €11,230 (-82.8%), from €13,557 to €2,327
- Depreciation +€4,016
up €4,016 (+30.4%), from €13,216 to €17,232
- Financial income +€935
up €935 (+503.9%), from €185 to €1,120
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 | €257,182 | €205,017 | -€52,164 | -20.3% |
| Fixed assets | 21/28 | €62,085 | €46,010 | -€16,075 | -25.9% |
| Intangible fixed assets | 21 | €12,197 | €6,680 | -€5,516 | -45.2% |
| Tangible fixed assets | 22/27 | €45,289 | €34,730 | -€10,559 | -23.3% |
| Plant, machinery and equipment | 23 | €12,894 | €9,016 | -€3,878 | -30.1% |
| Furniture and vehicles | 24 | €32,395 | €25,715 | -€6,680 | -20.6% |
| Financial fixed assets | 28 | €4,600 | €4,600 | = | 0.0% |
| Current assets | 29/58 | €195,096 | €159,007 | -€36,089 | -18.5% |
| Stocks and contracts in progress | 3 | €145,506 | €126,336 | -€19,170 | -13.2% |
| Stocks | 30/36 | €145,506 | €126,336 | -€19,170 | -13.2% |
| Amounts receivable within one year | 40/41 | €43,011 | €21,863 | -€21,148 | -49.2% |
| Trade receivables | 40 | €40,086 | €18,760 | -€21,327 | -53.2% |
| Other amounts receivable | 41 | €2,925 | €3,103 | +€178 | +6.1% |
| Cash at bank and in hand | 54/58 | €3,891 | €9,074 | +€5,183 | +133.2% |
| Deferred charges and accrued income | 490/1 | €2,688 | €1,734 | -€954 | -35.5% |
| Total equity and liabilities | 10/49 | €257,182 | €205,017 | -€52,164 | -20.3% |
| Equity | 10/15 | -€23,187 | -€26,837 | -€3,650 | -15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,647 | -€47,297 | -€3,650 | -8.4% |
| Amounts payable | 17/49 | €280,369 | €231,855 | -€48,514 | -17.3% |
| Amounts payable within one year | 42/48 | €280,369 | €231,855 | -€48,514 | -17.3% |
| Financial debts | 43 | €70,000 | €50,077 | -€19,923 | -28.5% |
| Credit institutions | 430/8 | €70,000 | €50,077 | -€19,923 | -28.5% |
| Trade debts | 44 | €61,646 | €31,615 | -€30,031 | -48.7% |
| Suppliers | 440/4 | €61,646 | €31,615 | -€30,031 | -48.7% |
| Taxes, remuneration and social security | 45 | €415 | €1,685 | +€1,271 | +306.3% |
| Taxes | 450/3 | €415 | €1,685 | +€1,271 | +306.3% |
| Other amounts payable | 47/48 | €148,308 | €148,477 | +€169 | +0.1% |
| Non-recurring operating income | 76A | €1,696 | €38,931 | +€37,235 | +2195.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,216 | €17,232 | +€4,016 | +30.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,106 | -€79,800 | -€68,694 | -618.5% |
| Other operating charges | 640/8 | €13,557 | €2,327 | -€11,230 | -82.8% |
| Non-recurring operating charges | 66A | - | €60,224 | +€60,224 | |
| Gross operating margin | 9900 | €47,205 | €1,623 | -€45,582 | -96.6% |
| Operating profit (loss) | 9901 | €31,538 | €1,640 | -€29,899 | -94.8% |
| Financial income | 75/76B | €185 | €1,120 | +€935 | +503.9% |
| Recurring financial income | 75 | €185 | €1,120 | +€935 | +503.9% |
| Financial charges | 65/66B | €6,590 | €5,945 | -€645 | -9.8% |
| Recurring financial charges | 65 | €6,590 | €5,945 | -€645 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €25,134 | -€3,185 | -€28,319 | |
| Income taxes | 67/77 | €346 | €465 | +€119 | +34.4% |
| Profit (loss) for the period | 9904 | €24,788 | -€3,650 | -€28,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,788 | -€3,650 | -€28,438 |
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.