Structeq: 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.
Structeq
Largest movements
- Tangible fixed assets +€35,484
up €35,484 (+91.9%), from €38,631 to €74,115
of which Plant, machinery and equipment: +€48,547
- Cash -€7,426
down €7,426 (-23.8%), from €31,258 to €23,832
mainly Investment in fixed assets (net) (-€55,525) and Debts after one year (-€7,810)
- Receivables within one year -€3,999
down €3,999 (-20.6%), from €19,448 to €15,449
of which Trade receivables: -€3,705
- Profit (loss) carried forward +€28,733
up €28,733 (+68.5%), from €41,934 to €70,667
- Debts after one year -€7,810
down €7,810 (-35.1%), from €22,258 to €14,448
- Tax, wage and social debts +€2,141
up €2,141 (+26.4%), from €8,124 to €10,265
of which Remuneration and social security: +€2,350
- Gross operating margin +€9,285
up €9,285 (+19.4%), from €47,758 to €57,043
- Depreciation +€7,027
up €7,027 (+54.0%), from €13,014 to €20,041
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 | €89,651 | €113,395 | +€23,745 | +26.5% |
| Fixed assets | 21/28 | €38,631 | €74,115 | +€35,484 | +91.9% |
| Tangible fixed assets | 22/27 | €38,631 | €74,115 | +€35,484 | +91.9% |
| Plant, machinery and equipment | 23 | €973 | €49,520 | +€48,547 | +4989.0% |
| Furniture and vehicles | 24 | €37,658 | €24,595 | -€13,063 | -34.7% |
| Current assets | 29/58 | €51,020 | €39,281 | -€11,739 | -23.0% |
| Amounts receivable within one year | 40/41 | €19,448 | €15,449 | -€3,999 | -20.6% |
| Trade receivables | 40 | €15,391 | €11,686 | -€3,705 | -24.1% |
| Other amounts receivable | 41 | €4,057 | €3,763 | -€294 | -7.2% |
| Cash at bank and in hand | 54/58 | €31,258 | €23,832 | -€7,426 | -23.8% |
| Deferred charges and accrued income | 490/1 | €314 | - | -€314 | |
| Total equity and liabilities | 10/49 | €89,651 | €113,395 | +€23,745 | +26.5% |
| Equity | 10/15 | €44,434 | €73,167 | +€28,733 | +64.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,934 | €70,667 | +€28,733 | +68.5% |
| Amounts payable | 17/49 | €45,216 | €40,228 | -€4,988 | -11.0% |
| Amounts payable after more than one year | 17 | €22,258 | €14,448 | -€7,810 | -35.1% |
| Financial debts | 170/4 | €22,258 | €14,448 | -€7,810 | -35.1% |
| Amounts payable within one year | 42/48 | €22,040 | €24,884 | +€2,844 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €11,740 | €12,021 | +€281 | +2.4% |
| Trade debts | 44 | €2,177 | €2,599 | +€422 | +19.4% |
| Suppliers | 440/4 | €2,177 | €2,599 | +€422 | +19.4% |
| Taxes, remuneration and social security | 45 | €8,124 | €10,265 | +€2,141 | +26.4% |
| Taxes | 450/3 | €8,124 | €7,915 | -€209 | -2.6% |
| Remuneration and social security | 454/9 | - | €2,350 | +€2,350 | |
| Accrued charges and deferred income | 492/3 | €918 | €896 | -€22 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,014 | €20,041 | +€7,027 | +54.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €47,758 | €57,043 | +€9,285 | +19.4% |
| Operating profit (loss) | 9901 | €34,626 | €36,882 | +€2,256 | +6.5% |
| Financial charges | 65/66B | €1,087 | €796 | -€291 | -26.7% |
| Recurring financial charges | 65 | €1,087 | €796 | -€291 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €33,539 | €36,085 | +€2,546 | +7.6% |
| Income taxes | 67/77 | €6,803 | €7,353 | +€550 | +8.1% |
| Profit (loss) for the period | 9904 | €26,736 | €28,733 | +€1,997 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,736 | €28,733 | +€1,997 | +7.5% |
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 9 October 2026 via checked.be.