STRUCTA - PLAN: 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.
STRUCTA - PLAN
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+50.5%), from €2.8m to €4.2m
- Cash -€212,281
down €212,281 (-25.0%), from €848,183 to €635,902
mainly Stocks and contracts (-€1.4m) and Advances received (-€380,917)
- Receivables within one year +€56,495
up €56,495 (+37.2%), from €152,067 to €208,562
of which Other amounts receivable: +€154,075
- Debts after one year +€624,624
new in 2025: €624,624
- Trade debts +€470,120
up €470,120 (+521.3%), from €90,189 to €560,309
- Advances received -€380,917
down €380,917 (-14.9%), from €2.6m to €2.2m
- Tax, wage and social debts +€301,349
up €301,349 (+173.7%), from €173,504 to €474,852
of which Taxes: +€308,503
- Reserves +€103,716
up €103,716 (+38.8%), from €267,357 to €371,074
of which Distributable reserves: +€103,716
- Gross operating margin +€534,044
up €534,044, from -€226,363 to €307,681
- Write-downs -€57,048
down €57,048 (-75.3%), from €75,753 to €18,704
- Financial charges +€41,691
up €41,691 (+398.7%), from €10,457 to €52,148
- Depreciation -€9,987
down €9,987 (-100.0%), from €9,987 to €0
- Staff costs -€6,182
down €6,182 (-4.7%), from €131,100 to €124,918
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 | €3,808,013 | €5,080,416 | +€1.3m | +33.4% |
| Fixed assets | 21/28 | €0 | €80 | +€80 | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €80 | +€80 | |
| Current assets | 29/58 | €3,808,013 | €5,080,336 | +€1.3m | +33.4% |
| Stocks and contracts in progress | 3 | €2,803,980 | €4,220,945 | +€1.4m | +50.5% |
| Stocks | 30/36 | €2,803,980 | €4,220,945 | +€1.4m | +50.5% |
| Amounts receivable within one year | 40/41 | €152,067 | €208,562 | +€56,495 | +37.2% |
| Trade receivables | 40 | €106,120 | €8,541 | -€97,580 | -92.0% |
| Other amounts receivable | 41 | €45,946 | €200,021 | +€154,075 | +335.3% |
| Cash at bank and in hand | 54/58 | €848,183 | €635,902 | -€212,281 | -25.0% |
| Deferred charges and accrued income | 490/1 | €3,784 | €14,928 | +€11,143 | +294.5% |
| Total equity and liabilities | 10/49 | €3,808,013 | €5,080,416 | +€1.3m | +33.4% |
| Equity | 10/15 | €327,357 | €431,074 | +€103,716 | +31.7% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €267,357 | €371,074 | +€103,716 | +38.8% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €261,357 | €365,074 | +€103,716 | +39.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,480,656 | €4,649,342 | +€1.2m | +33.6% |
| Amounts payable after more than one year | 17 | - | €624,624 | +€624,624 | |
| Financial debts | 170/4 | - | €624,624 | +€624,624 | |
| Amounts payable within one year | 42/48 | €3,480,656 | €4,019,649 | +€538,994 | +15.5% |
| Financial debts | 43 | €0 | €50,803 | +€50,803 | |
| Credit institutions | 430/8 | €0 | €50,803 | +€50,803 | |
| Trade debts | 44 | €90,189 | €560,309 | +€470,120 | +521.3% |
| Suppliers | 440/4 | €90,189 | €560,309 | +€470,120 | +521.3% |
| Advances received on contracts in progress | 46 | €2,558,237 | €2,177,320 | -€380,917 | -14.9% |
| Taxes, remuneration and social security | 45 | €173,504 | €474,852 | +€301,349 | +173.7% |
| Taxes | 450/3 | €152,414 | €460,917 | +€308,503 | +202.4% |
| Remuneration and social security | 454/9 | €21,090 | €13,936 | -€7,154 | -33.9% |
| Other amounts payable | 47/48 | €658,726 | €756,365 | +€97,639 | +14.8% |
| Accrued charges and deferred income | 492/3 | - | €5,069 | +€5,069 | |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €131,100 | €124,918 | -€6,182 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,987 | €0 | -€9,987 | -100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,753 | €18,704 | -€57,048 | -75.3% |
| Other operating charges | 640/8 | €1,774 | €1,834 | +€60 | +3.4% |
| Gross operating margin | 9900 | -€226,363 | €307,681 | +€534,044 | |
| Operating profit (loss) | 9901 | -€444,977 | €162,224 | +€607,201 | |
| Financial income | 75/76B | €129 | €1,047 | +€919 | +714.7% |
| Recurring financial income | 75 | €129 | €1,047 | +€919 | +714.7% |
| Financial charges | 65/66B | €10,457 | €52,148 | +€41,691 | +398.7% |
| Recurring financial charges | 65 | €10,457 | €52,148 | +€41,691 | +398.7% |
| Profit (loss) for the period before taxes | 9903 | -€455,305 | €111,124 | +€566,429 | |
| Income taxes | 67/77 | -€37 | €1,842 | +€1,878 | |
| Profit (loss) for the period | 9904 | -€455,268 | €109,282 | +€564,551 | |
| Profit (loss) for the period to be appropriated | 9905 | -€455,268 | €109,282 | +€564,551 |
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 28 September 2026 via checked.be.