STRUCTO: 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.
What changed
STRUCTO
NACE 23.610, Manufacture of other non-metallic mineral products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€408,047
2024 · -€129,634+€537,681
Equity
€4.5m
2024 · €2.7m+€1.7m
Cash
€594,306
2024 · €774,080-€179,774
Balance sheet total
€19.7m
2024 · €20.9m-€1.2m
Largest movements
Assets
- Stocks and contracts -€1.5m
down €1.5m (-24.3%), from €6.0m to €4.5m
of which Contracts in progress: -€1.2m
- Tangible fixed assets +€1.2m
up €1.2m (+13.6%), from €8.6m to €9.7m
of which Land and buildings: +€2.5m
- Receivables within one year -€694,476
down €694,476 (-12.5%), from €5.6m to €4.9m
of which Trade receivables: -€694,476
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-17.6%), from €11.6m to €9.6m
of which Financial debts: -€3.4m
- Contributions +€1.1m
up €1.1m (+11.0%), from €9.5m to €10.6m
- Trade debts -€826,468
down €826,468 (-17.3%), from €4.8m to €4.0m
- Profit (loss) carried forward +€688,304
up €688,304 (+7.9%), from -€8.7m to -€8.0m
- Current portion of long-term debt +€585,876
up €585,876 (+96.5%), from €607,320 to €1.2m
Income statement
- Goods and materials -€1.6m
down €1.6m (-12.5%), from €12.9m to €11.3m
of which Purchases: -€2.0m
- Services and other goods -€1.6m
down €1.6m (-36.1%), from €4.3m to €2.8m
- Turnover -€946,707
down €946,707 (-4.3%), from €22.3m to €21.3m
- Depreciation +€678,542
up €678,542 (+39.7%), from €1.7m to €2.4m
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.
Result 2024
-€129,634
Turnover
-€946,707
Other operating income
-€4,039
Goods and materials
+€1.6m
Services and other goods
+€1.6m
Staff costs
+€47,239
Depreciation
-€678,542
Other operating charges
-€197,800
Other operating items
-€891,432
Financial charges
+€38,436
Taxes
+€225
Result 2025
€408,047
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.
From operations
+€3.5m
Investment
-€3.6m
Financing
-€134,871
Cash 2024
€774,080
From operations (derived)
+€3.5m
Net result for the year
+€408,047
Depreciation
+€2.4m
Stocks and contracts
+€1.5m
Receivables within one year
+€694,476
Deferred charges and accrued income
+€17,923
Trade debts
-€826,468
Tax, wage and social debts
-€331,819
Accrued charges and deferred income
-€302,669
Investment (derived)
-€3.6m
Investment in fixed assets (net)
-€3.6m
Financing
-€134,871
Debts after one year
-€2.1m
Current portion of long-term debt
+€585,876
Contributions, distributions and other
+€1.3m
Cash 2025
€594,306
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,927,661 | €19,739,882 | -€1.2m | -5.7% |
| Fixed assets | 21/28 | €8,555,502 | €9,718,262 | +€1.2m | +13.6% |
| Intangible fixed assets | 21 | €203 | €0 | -€203 | -100.0% |
| Tangible fixed assets | 22/27 | €8,555,299 | €9,718,262 | +€1.2m | +13.6% |
| Land and buildings | 22 | €886,122 | €3,345,874 | +€2.5m | +277.6% |
| Plant, machinery and equipment | 23 | €7,335,201 | €5,990,946 | -€1.3m | -18.3% |
| Furniture and vehicles | 24 | €315,263 | €368,153 | +€52,891 | +16.8% |
| Other tangible fixed assets | 26 | €18,713 | €13,288 | -€5,425 | -29.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Affiliated companies | 280/1 | €0 | - | = | |
| Amounts receivable | 281 | €0 | - | = | |
| Current assets | 29/58 | €12,372,159 | €10,021,620 | -€2.4m | -19.0% |
| Stocks and contracts in progress | 3 | €6,005,763 | €4,547,398 | -€1.5m | -24.3% |
| Stocks | 30/36 | €1,932,108 | €1,624,897 | -€307,211 | -15.9% |
| Raw materials and consumables | 30/31 | €1,932,108 | €1,624,897 | -€307,211 | -15.9% |
| Contracts in progress | 37 | €4,073,655 | €2,922,501 | -€1.2m | -28.3% |
| Amounts receivable within one year | 40/41 | €5,570,000 | €4,875,523 | -€694,476 | -12.5% |
| Trade receivables | 40 | €5,570,000 | €4,875,523 | -€694,476 | -12.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €774,080 | €594,306 | -€179,774 | -23.2% |
| Deferred charges and accrued income | 490/1 | €22,316 | €4,393 | -€17,923 | -80.3% |
| Total equity and liabilities | 10/49 | €20,927,661 | €19,739,882 | -€1.2m | -5.7% |
| Equity | 10/15 | €2,744,049 | €4,482,353 | +€1.7m | +63.3% |
| Contributions | 10/11 | €9,547,000 | €10,597,000 | +€1.1m | +11.0% |
| Capital | 10 | €9,547,000 | €10,597,000 | +€1.1m | +11.0% |
| Issued capital | 100 | €9,547,000 | €10,597,000 | +€1.1m | +11.0% |
| Reserves | 13 | €1,899,189 | €1,899,189 | = | 0.0% |
| Non-distributable reserves | 130/1 | €312,878 | €312,878 | = | 0.0% |
| Legal reserve | 130 | €54,699 | €54,699 | = | 0.0% |
| Reserves not available under the articles | 1311 | €258,179 | €258,179 | = | 0.0% |
| Tax-exempt reserves | 132 | €151,565 | €151,565 | = | 0.0% |
| Distributable reserves | 133 | €1,434,747 | €1,434,747 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,702,140 | -€8,013,837 | +€688,304 | +7.9% |
| Amounts payable | 17/49 | €18,183,612 | €15,257,530 | -€2.9m | -16.1% |
| Amounts payable after more than one year | 17 | €11,632,790 | €9,581,787 | -€2.1m | -17.6% |
| Financial debts | 170/4 | €11,632,790 | €8,231,787 | -€3.4m | -29.2% |
| Subordinated loans | 170 | €0 | - | = | |
| Credit institutions | 173 | €5,397,790 | €8,231,787 | +€2.8m | +52.5% |
| Other loans | 174 | €6,235,000 | €0 | -€6.2m | -100.0% |
| Other amounts payable | 178/9 | - | €1,350,000 | +€1.4m | |
| Amounts payable within one year | 42/48 | €6,239,773 | €5,667,362 | -€572,411 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €607,320 | €1,193,196 | +€585,876 | +96.5% |
| Trade debts | 44 | €4,783,315 | €3,956,847 | -€826,468 | -17.3% |
| Suppliers | 440/4 | €4,783,315 | €3,956,847 | -€826,468 | -17.3% |
| Taxes, remuneration and social security | 45 | €849,138 | €517,319 | -€331,819 | -39.1% |
| Taxes | 450/3 | €393,371 | €154,225 | -€239,146 | -60.8% |
| Remuneration and social security | 454/9 | €455,767 | €363,094 | -€92,673 | -20.3% |
| Accrued charges and deferred income | 492/3 | €311,049 | €8,380 | -€302,669 | -97.3% |
| Operating income | 70/76A | €22,197,065 | €20,354,887 | -€1.8m | -8.3% |
| Turnover | 70 | €22,274,212 | €21,327,505 | -€946,707 | -4.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€247,372 | -€1,151,154 | -€903,782 | -365.4% |
| Other operating income | 74 | €168,675 | €164,636 | -€4,039 | -2.4% |
| Non-recurring operating income | 76A | €1,550 | €13,900 | +€12,350 | +796.8% |
| Operating charges | 60/66A | €21,878,184 | €19,536,986 | -€2.3m | -10.7% |
| Goods for resale, raw materials and consumables | 60 | €12,901,310 | €11,293,684 | -€1.6m | -12.5% |
| Purchases | 600/8 | €12,999,821 | €10,986,473 | -€2.0m | -15.5% |
| Change in stocks: decrease (increase) | 609 | -€98,511 | €307,211 | +€405,722 | |
| Services and other goods | 61 | €4,332,700 | €2,770,024 | -€1.6m | -36.1% |
| Remuneration, social security and pensions | 62 | €2,908,086 | €2,860,847 | -€47,239 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,708,823 | €2,387,365 | +€678,542 | +39.7% |
| Other operating charges | 640/8 | €27,265 | €225,065 | +€197,800 | +725.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €318,881 | €817,901 | +€499,020 | +156.5% |
| Financial charges | 65/66B | €446,846 | €408,410 | -€38,436 | -8.6% |
| Recurring financial charges | 65 | €446,846 | €408,410 | -€38,436 | -8.6% |
| Debt charges | 650 | €430,432 | €401,932 | -€28,500 | -6.6% |
| Other financial charges | 652/9 | €16,414 | €6,478 | -€9,936 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | -€127,964 | €409,491 | +€537,456 | |
| Income taxes | 67/77 | €1,669 | €1,444 | -€225 | -13.5% |
| Taxes | 670/3 | €1,669 | €1,444 | -€225 | -13.5% |
| Profit (loss) for the period | 9904 | -€129,634 | €408,047 | +€537,681 | |
| Profit (loss) for the period to be appropriated | 9905 | -€129,634 | €408,047 | +€537,681 |
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 6 October 2026 via checked.be.