Strubbe Engineering: 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.
Strubbe Engineering
Largest movements
- Tangible fixed assets +€31,909
up €31,909 (+40.7%), from €78,328 to €110,237
of which Furniture and vehicles: +€26,790
- Receivables within one year -€21,273
down €21,273 (-14.3%), from €148,691 to €127,418
- Cash +€12,620
up €12,620 (+67.1%), from €18,809 to €31,429
mainly Trade debts (+€56,173) and Depreciation (+€25,719)
- Trade debts +€56,173
up €56,173 (+76.4%), from €73,543 to €129,715
- Reserves -€47,544
down €47,544 (-34.0%), from €139,663 to €92,120
- Debts after one year +€20,066
up €20,066 (+156.7%), from €12,805 to €32,871
of which Other amounts payable: +€18,320
- Tax, wage and social debts -€17,485
down €17,485 (-34.5%), from €50,714 to €33,229
of which Taxes: -€17,797
- Current portion of long-term debt +€10,169
new in 2025: €10,169
- Depreciation +€5,877
up €5,877 (+29.6%), from €19,842 to €25,719
- Taxes -€2,227
down €2,227 (-27.3%), from €8,154 to €5,926
- Staff costs +€1,955
up €1,955 (+1.8%), from €111,112 to €113,067
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,373 | €301,175 | +€19,802 | +7.0% |
| Fixed assets | 21/28 | €80,733 | €110,487 | +€29,754 | +36.9% |
| Intangible fixed assets | 21 | €2,106 | - | -€2,106 | |
| Tangible fixed assets | 22/27 | €78,328 | €110,237 | +€31,909 | +40.7% |
| Land and buildings | 22 | - | €10,588 | +€10,588 | |
| Plant, machinery and equipment | 23 | €342 | €1,581 | +€1,239 | +362.3% |
| Furniture and vehicles | 24 | €30,946 | €57,736 | +€26,790 | +86.6% |
| Other tangible fixed assets | 26 | €47,040 | €40,332 | -€6,709 | -14.3% |
| Financial fixed assets | 28 | €300 | €250 | -€50 | -16.6% |
| Current assets | 29/58 | €200,640 | €190,688 | -€9,952 | -5.0% |
| Amounts receivable after more than one year | 29 | €17,994 | €19,694 | +€1,700 | +9.5% |
| Other amounts receivable | 291 | €17,994 | €19,694 | +€1,700 | +9.5% |
| Amounts receivable within one year | 40/41 | €148,691 | €127,418 | -€21,273 | -14.3% |
| Trade receivables | 40 | €148,691 | €127,418 | -€21,273 | -14.3% |
| Cash at bank and in hand | 54/58 | €18,809 | €31,429 | +€12,620 | +67.1% |
| Deferred charges and accrued income | 490/1 | €15,145 | €12,146 | -€2,999 | -19.8% |
| Total equity and liabilities | 10/49 | €281,373 | €301,175 | +€19,802 | +7.0% |
| Equity | 10/15 | €140,663 | €93,120 | -€47,544 | -33.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €139,663 | €92,120 | -€47,544 | -34.0% |
| Distributable reserves | 133 | €139,663 | €92,120 | -€47,544 | -34.0% |
| Amounts payable | 17/49 | €140,710 | €208,055 | +€67,345 | +47.9% |
| Amounts payable after more than one year | 17 | €12,805 | €32,871 | +€20,066 | +156.7% |
| Financial debts | 170/4 | - | €1,746 | +€1,746 | |
| Other amounts payable | 178/9 | €12,805 | €31,125 | +€18,320 | +143.1% |
| Amounts payable within one year | 42/48 | €124,257 | €173,113 | +€48,856 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | - | €10,169 | +€10,169 | |
| Trade debts | 44 | €73,543 | €129,715 | +€56,173 | +76.4% |
| Suppliers | 440/4 | €73,543 | €129,715 | +€56,173 | +76.4% |
| Taxes, remuneration and social security | 45 | €50,714 | €33,229 | -€17,485 | -34.5% |
| Taxes | 450/3 | €30,566 | €12,769 | -€17,797 | -58.2% |
| Remuneration and social security | 454/9 | €20,148 | €20,460 | +€312 | +1.5% |
| Accrued charges and deferred income | 492/3 | €3,649 | €2,071 | -€1,577 | -43.2% |
| Remuneration, social security and pensions | 62 | €111,112 | €113,067 | +€1,955 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,842 | €25,719 | +€5,877 | +29.6% |
| Other operating charges | 640/8 | €370 | €372 | +€3 | +0.7% |
| Non-recurring operating charges | 66A | €278 | €1,087 | +€809 | +291.6% |
| Gross operating margin | 9900 | €149,235 | €149,467 | +€232 | +0.2% |
| Operating profit (loss) | 9901 | €17,634 | €9,221 | -€8,412 | -47.7% |
| Financial income | 75/76B | €459 | €1,161 | +€702 | +153.2% |
| Recurring financial income | 75 | €459 | €1,161 | +€702 | +153.2% |
| Financial charges | 65/66B | €2,679 | €2,442 | -€237 | -8.8% |
| Recurring financial charges | 65 | €2,679 | €2,442 | -€237 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €15,413 | €7,940 | -€7,473 | -48.5% |
| Income taxes | 67/77 | €8,154 | €5,926 | -€2,227 | -27.3% |
| Profit (loss) for the period | 9904 | €7,260 | €2,014 | -€5,246 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,260 | €2,014 | -€5,246 | -72.3% |
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 7 October 2026 via checked.be.