STRUCA: what changed
STRUCA
Largest movements
- Tangible fixed assets -€13,488
down €13,488 (-83.0%), from €16,245 to €2,756
- Cash +€4,432
up €4,432 (+765%), from €579 to €5,011
mainly Depreciation (+€13,488) and Net result for the year (+€8,857)
- Receivables within one year +€3,262
up €3,262 (+1.5%), from €222,025 to €225,287
of which Other amounts receivable: +€9,462
- Debts after one year -€12,484
down €12,484 (-55.1%), from €22,663 to €10,179
of which Financial debts: -€9,703
- Reserves +€8,857
up €8,857 (+5.5%), from €160,600 to €169,457
- Tax, wage and social debts -€4,139
down €4,139 (-25.4%), from €16,300 to €12,161
- Financial income -€170,469
down €170,469 (-94.7%), from €180,009 to €9,540
of which Non-recurring financial income: -€180,009
- Gross operating margin -€14,038
down €14,038 (-33.7%), from €41,634 to €27,595
- Taxes -€13,704
down €13,704 (-61.2%), from €22,375 to €8,671
- Depreciation -€2,768
down €2,768 (-17.0%), from €16,257 to €13,488
- Other operating charges +€1,002
up €1,002 (+222%), from €451 to €1,453
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,099 | €249,304 | -€5,795 | -2.3% |
| Fixed assets | 21/28 | €32,495 | €19,006 | -€13,488 | -41.5% |
| Tangible fixed assets | 22/27 | €16,245 | €2,756 | -€13,488 | -83.0% |
| Furniture and vehicles | 24 | €16,245 | €2,756 | -€13,488 | -83.0% |
| Financial fixed assets | 28 | €16,250 | €16,250 | = | 0.0% |
| Current assets | 29/58 | €222,604 | €230,298 | +€7,693 | +3.5% |
| Amounts receivable within one year | 40/41 | €222,025 | €225,287 | +€3,262 | +1.5% |
| Trade receivables | 40 | €6,200 | - | -€6,200 | |
| Other amounts receivable | 41 | €215,825 | €225,287 | +€9,462 | +4.4% |
| Cash at bank and in hand | 54/58 | €579 | €5,011 | +€4,432 | +765% |
| Total equity and liabilities | 10/49 | €255,099 | €249,304 | -€5,795 | -2.3% |
| Equity | 10/15 | €173,000 | €181,857 | +€8,857 | +5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €160,600 | €169,457 | +€8,857 | +5.5% |
| Distributable reserves | 133 | €160,600 | €169,457 | +€8,857 | +5.5% |
| Amounts payable | 17/49 | €82,099 | €67,447 | -€14,651 | -17.8% |
| Amounts payable after more than one year | 17 | €22,663 | €10,179 | -€12,484 | -55.1% |
| Financial debts | 170/4 | €19,881 | €10,179 | -€9,703 | -48.8% |
| Other amounts payable | 178/9 | €2,782 | - | -€2,782 | |
| Amounts payable within one year | 42/48 | €59,436 | €57,269 | -€2,167 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €9,282 | €9,703 | +€420 | +4.5% |
| Financial debts | 43 | €33,854 | €35,405 | +€1,552 | +4.6% |
| Credit institutions | 430/8 | €28,854 | €26,405 | -€2,448 | -8.5% |
| Other loans | 439 | €5,000 | €9,000 | +€4,000 | +80.0% |
| Taxes, remuneration and social security | 45 | €16,300 | €12,161 | -€4,139 | -25.4% |
| Taxes | 450/3 | €16,300 | €12,161 | -€4,139 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,257 | €13,488 | -€2,768 | -17.0% |
| Other operating charges | 640/8 | €451 | €1,453 | +€1,002 | +222% |
| Gross operating margin | 9900 | €41,634 | €27,595 | -€14,038 | -33.7% |
| Operating profit (loss) | 9901 | €24,926 | €12,655 | -€12,272 | -49.2% |
| Financial income | 75/76B | €180,009 | €9,540 | -€170,469 | -94.7% |
| Recurring financial income | 75 | €180,009 | €9,540 | -€170,469 | -94.7% |
| Non-recurring financial income | 76B | €180,009 | - | -€180,009 | |
| Financial charges | 65/66B | €5,528 | €4,667 | -€861 | -15.6% |
| Recurring financial charges | 65 | €5,528 | €4,667 | -€861 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €199,408 | €17,527 | -€181,881 | -91.2% |
| Income taxes | 67/77 | €22,375 | €8,671 | -€13,704 | -61.2% |
| Profit (loss) for the period | 9904 | €177,033 | €8,857 | -€168,176 | -95.0% |
| Profit (loss) for the period to be appropriated | 9905 | €177,033 | €8,857 | -€168,176 | -95.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.