Strucabel: 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.
Strucabel
Largest movements
- Cash +€191,511
up €191,511 (+178.4%), from €107,376 to €298,887
mainly Net result for the year (+€186,541) and Depreciation (+€17,514)
- Tangible fixed assets -€17,514
down €17,514 (-32.6%), from €53,706 to €36,191
- Reserves +€186,541
up €186,541 (+193.4%), from €96,464 to €283,005
- Debts after one year -€14,715
down €14,715 (-43.6%), from €33,741 to €19,026
- Gross operating margin +€165,028
up €165,028 (+169.0%), from €97,623 to €262,650
- Taxes +€40,445
up €40,445 (+251.7%), from €16,072 to €56,517
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 | €164,768 | €339,268 | +€174,499 | +105.9% |
| Fixed assets | 21/28 | €53,706 | €36,191 | -€17,514 | -32.6% |
| Tangible fixed assets | 22/27 | €53,706 | €36,191 | -€17,514 | -32.6% |
| Furniture and vehicles | 24 | €53,706 | €36,191 | -€17,514 | -32.6% |
| Current assets | 29/58 | €111,063 | €303,076 | +€192,014 | +172.9% |
| Cash at bank and in hand | 54/58 | €107,376 | €298,887 | +€191,511 | +178.4% |
| Deferred charges and accrued income | 490/1 | €3,687 | €4,190 | +€503 | +13.6% |
| Total equity and liabilities | 10/49 | €164,768 | €339,268 | +€174,499 | +105.9% |
| Equity | 10/15 | €100,064 | €286,605 | +€186,541 | +186.4% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €96,464 | €283,005 | +€186,541 | +193.4% |
| Distributable reserves | 133 | €96,464 | €283,005 | +€186,541 | +193.4% |
| Amounts payable | 17/49 | €64,704 | €52,663 | -€12,041 | -18.6% |
| Amounts payable after more than one year | 17 | €33,741 | €19,026 | -€14,715 | -43.6% |
| Financial debts | 170/4 | €33,741 | €19,026 | -€14,715 | -43.6% |
| Amounts payable within one year | 42/48 | €29,808 | €33,637 | +€3,828 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €14,279 | €14,715 | +€436 | +3.1% |
| Trade debts | 44 | €2,246 | €1,894 | -€352 | -15.7% |
| Suppliers | 440/4 | €2,246 | €1,894 | -€352 | -15.7% |
| Taxes, remuneration and social security | 45 | €13,233 | €16,147 | +€2,914 | +22.0% |
| Taxes | 450/3 | €13,233 | €16,147 | +€2,914 | +22.0% |
| Other amounts payable | 47/48 | €50 | €881 | +€831 | +1661.4% |
| Accrued charges and deferred income | 492/3 | €1,155 | €0 | -€1,155 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,514 | €17,514 | = | 0.0% |
| Other operating charges | 640/8 | €1,076 | €731 | -€345 | -32.1% |
| Gross operating margin | 9900 | €97,623 | €262,650 | +€165,028 | +169.0% |
| Operating profit (loss) | 9901 | €79,032 | €244,405 | +€165,373 | +209.2% |
| Financial charges | 65/66B | €1,769 | €1,348 | -€421 | -23.8% |
| Recurring financial charges | 65 | €1,769 | €1,348 | -€421 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €77,263 | €243,057 | +€165,794 | +214.6% |
| Income taxes | 67/77 | €16,072 | €56,517 | +€40,445 | +251.7% |
| Profit (loss) for the period | 9904 | €61,192 | €186,541 | +€125,349 | +204.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,192 | €186,541 | +€125,349 | +204.8% |
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.