STRUBOR: 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.
STRUBOR
Largest movements
- Tangible fixed assets -€13,608
down €13,608 (-20.4%), from €66,595 to €52,987
of which Furniture and vehicles: -€8,847
- Stocks and contracts -€5,985
down €5,985 (-18.8%), from €31,819 to €25,834
- Receivables within one year -€5,310
down €5,310 (-26.3%), from €20,156 to €14,845
of which Trade receivables: -€3,133
- Cash -€1,660
down €1,660 (-53.1%), from €3,126 to €1,466
mainly Net result for the year (-€17,132) and Other debts (-€13,068)
- Profit (loss) carried forward -€17,132
down €17,132 (-16.4%), from -€104,223 to -€121,354
- Other debts -€13,068
down €13,068 (-7.8%), from €167,596 to €154,529
- Trade debts +€6,210
up €6,210 (+35.1%), from €17,674 to €23,884
- Tax, wage and social debts -€2,301
down €2,301 (-79.2%), from €2,906 to €605
- Gross operating margin -€5,362
down €5,362, from €2,886 to -€2,476
- Depreciation -€105
down €105 (-0.7%), from €14,013 to €13,908
- Financial income +€58
up €58 (+71,875%), from €0 to €58
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 | €123,966 | €97,676 | -€26,290 | -21.2% |
| Fixed assets | 21/28 | €67,210 | €53,302 | -€13,908 | -20.7% |
| Intangible fixed assets | 21 | €615 | €315 | -€300 | -48.8% |
| Tangible fixed assets | 22/27 | €66,595 | €52,987 | -€13,608 | -20.4% |
| Land and buildings | 22 | €37,754 | €34,449 | -€3,306 | -8.8% |
| Plant, machinery and equipment | 23 | €2,874 | €1,419 | -€1,455 | -50.6% |
| Furniture and vehicles | 24 | €25,966 | €17,119 | -€8,847 | -34.1% |
| Current assets | 29/58 | €56,756 | €44,375 | -€12,382 | -21.8% |
| Stocks and contracts in progress | 3 | €31,819 | €25,834 | -€5,985 | -18.8% |
| Stocks | 30/36 | €31,819 | €25,834 | -€5,985 | -18.8% |
| Amounts receivable within one year | 40/41 | €20,156 | €14,845 | -€5,310 | -26.3% |
| Trade receivables | 40 | €10,044 | €6,911 | -€3,133 | -31.2% |
| Other amounts receivable | 41 | €10,112 | €7,934 | -€2,177 | -21.5% |
| Cash at bank and in hand | 54/58 | €3,126 | €1,466 | -€1,660 | -53.1% |
| Deferred charges and accrued income | 490/1 | €1,656 | €2,229 | +€574 | +34.6% |
| Total equity and liabilities | 10/49 | €123,966 | €97,676 | -€26,290 | -21.2% |
| Equity | 10/15 | -€64,223 | -€81,354 | -€17,132 | -26.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,223 | -€121,354 | -€17,132 | -16.4% |
| Amounts payable | 17/49 | €188,189 | €179,031 | -€9,158 | -4.9% |
| Amounts payable within one year | 42/48 | €188,176 | €179,018 | -€9,158 | -4.9% |
| Trade debts | 44 | €17,674 | €23,884 | +€6,210 | +35.1% |
| Suppliers | 440/4 | €17,674 | €23,884 | +€6,210 | +35.1% |
| Taxes, remuneration and social security | 45 | €2,906 | €605 | -€2,301 | -79.2% |
| Taxes | 450/3 | €2,906 | €605 | -€2,301 | -79.2% |
| Other amounts payable | 47/48 | €167,596 | €154,529 | -€13,068 | -7.8% |
| Accrued charges and deferred income | 492/3 | €12 | €13 | +€0 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,013 | €13,908 | -€105 | -0.7% |
| Other operating charges | 640/8 | €712 | €692 | -€20 | -2.8% |
| Gross operating margin | 9900 | €2,886 | -€2,476 | -€5,362 | |
| Operating profit (loss) | 9901 | -€11,838 | -€17,076 | -€5,238 | -44.2% |
| Financial income | 75/76B | €0 | €58 | +€58 | +71,875% |
| Recurring financial income | 75 | €0 | €58 | +€58 | +71,875% |
| Financial charges | 65/66B | €92 | €113 | +€22 | +23.5% |
| Recurring financial charges | 65 | €92 | €113 | +€22 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,930 | -€17,132 | -€5,202 | -43.6% |
| Profit (loss) for the period | 9904 | -€11,930 | -€17,132 | -€5,202 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,930 | -€17,132 | -€5,202 | -43.6% |
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 18 October 2026 via checked.be.