STRUDELIMMO: 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
STRUDELIMMO
NACE 01.210, Crop and animal production, hunting and related service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.1m
2024 · -€1.2m-€872,147
Equity
-€8.3m
2024 · -€6.2m-€2.1m
Cash
€24,865
2024 · €40,318-€15,453
Balance sheet total
€18.0m
2024 · €17.8m+€184,983
Largest movements
Assets
- Receivables within one year +€361,373
up €361,373 (+9.4%), from €3.8m to €4.2m
of which Other amounts receivable: +€331,624
- Tangible fixed assets -€237,350
down €237,350 (-1.8%), from €13.0m to €12.7m
of which Land and buildings: -€308,033
Equity and liabilities
- Debts after one year +€2.2m
up €2.2m (+9.5%), from €23.7m to €26.0m
- Profit (loss) carried forward -€2.1m
down €2.1m (-18.4%), from -€11.5m to -€13.6m
Income statement
- Financial charges +€169,812
up €169,812 (+5507.6%), from €3,083 to €172,895
of which Financial charges: +€168,813
- Gross operating margin -€78,097
down €78,097 (-31.9%), from -€245,020 to -€323,117
- Staff costs +€37,301
up €37,301 (+7.1%), from €528,793 to €566,094
- Depreciation +€21,749
up €21,749 (+5.0%), from €432,811 to €454,560
- Other operating charges +€4,824
up €4,824 (+16.9%), from €28,499 to €33,322
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
-€1.2m
Gross operating margin
-€78,097
Staff costs
-€37,301
Depreciation
-€21,749
Other operating charges
-€4,824
Other operating items
-€560,473
Financial income
+€108
Financial charges
-€169,812
Taxes
-€0
Result 2025
-€2.1m
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
-€2.0m
Investment
-€216,577
Financing
+€2.2m
Cash 2024
€40,318
From operations (derived)
-€2.0m
Net result for the year
-€2.1m
Depreciation
+€454,560
Stocks and contracts
-€75,274
Receivables within one year
-€361,373
Smaller working-capital items
-€9,986
Tax, wage and social debts
+€19,442
Other debts
+€42,162
Investment (derived)
-€216,577
Investment in fixed assets (net)
-€216,577
Financing
+€2.2m
Debts after one year
+€2.2m
Contributions, distributions and other
-€446
Cash 2025
€24,865
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,815,836 | €18,000,819 | +€184,983 | +1.0% |
| Fixed assets | 21/28 | €12,993,599 | €12,755,616 | -€237,983 | -1.8% |
| Tangible fixed assets | 22/27 | €12,970,334 | €12,732,984 | -€237,350 | -1.8% |
| Land and buildings | 22 | €12,866,493 | €12,558,460 | -€308,033 | -2.4% |
| Plant, machinery and equipment | 23 | €28,047 | €45,403 | +€17,357 | +61.9% |
| Furniture and vehicles | 24 | €51,337 | €104,773 | +€53,436 | +104.1% |
| Other tangible fixed assets | 26 | €24,458 | €24,348 | -€110 | -0.4% |
| Financial fixed assets | 28 | €23,265 | €22,631 | -€634 | -2.7% |
| Current assets | 29/58 | €4,822,237 | €5,245,203 | +€422,966 | +8.8% |
| Stocks and contracts in progress | 3 | €913,831 | €989,105 | +€75,274 | +8.2% |
| Stocks | 30/36 | €913,831 | €989,105 | +€75,274 | +8.2% |
| Amounts receivable within one year | 40/41 | €3,839,304 | €4,200,677 | +€361,373 | +9.4% |
| Trade receivables | 40 | €52,678 | €82,427 | +€29,748 | +56.5% |
| Other amounts receivable | 41 | €3,786,626 | €4,118,250 | +€331,624 | +8.8% |
| Cash at bank and in hand | 54/58 | €40,318 | €24,865 | -€15,453 | -38.3% |
| Deferred charges and accrued income | 490/1 | €28,784 | €30,556 | +€1,772 | +6.2% |
| Total equity and liabilities | 10/49 | €17,815,836 | €18,000,819 | +€184,983 | +1.0% |
| Equity | 10/15 | -€6,206,012 | -€8,316,249 | -€2.1m | -34.0% |
| Contributions | 10/11 | €5,256,000 | €5,256,000 | = | 0.0% |
| Capital | 10 | €5,256,000 | €5,256,000 | = | 0.0% |
| Issued capital | 100 | €5,256,000 | €5,256,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,467,362 | -€13,577,154 | -€2.1m | -18.4% |
| Investment grants | 15 | €5,350 | €4,904 | -€446 | -8.3% |
| Amounts payable | 17/49 | €24,021,848 | €26,317,068 | +€2.3m | +9.6% |
| Amounts payable after more than one year | 17 | €23,716,277 | €25,958,107 | +€2.2m | +9.5% |
| Other amounts payable | 178/9 | €23,716,277 | €25,958,107 | +€2.2m | +9.5% |
| Amounts payable within one year | 42/48 | €304,169 | €357,880 | +€53,710 | +17.7% |
| Trade debts | 44 | €179,431 | €177,138 | -€2,294 | -1.3% |
| Suppliers | 440/4 | €179,431 | €177,138 | -€2,294 | -1.3% |
| Advances received on contracts in progress | 46 | €5,600 | - | -€5,600 | |
| Taxes, remuneration and social security | 45 | €49,918 | €69,360 | +€19,442 | +38.9% |
| Taxes | 450/3 | €693 | €8,679 | +€7,987 | +1152.8% |
| Remuneration and social security | 454/9 | €49,225 | €60,680 | +€11,455 | +23.3% |
| Other amounts payable | 47/48 | €69,220 | €111,382 | +€42,162 | +60.9% |
| Accrued charges and deferred income | 492/3 | €1,402 | €1,081 | -€320 | -22.8% |
| Remuneration, social security and pensions | 62 | €528,793 | €566,094 | +€37,301 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432,811 | €454,560 | +€21,749 | +5.0% |
| Other operating charges | 640/8 | €28,499 | €33,322 | +€4,824 | +16.9% |
| Non-recurring operating charges | 66A | - | €560,473 | +€560,473 | |
| Gross operating margin | 9900 | -€245,020 | -€323,117 | -€78,097 | -31.9% |
| Operating profit (loss) | 9901 | -€1,235,124 | -€1,937,567 | -€702,443 | -56.9% |
| Financial income | 75/76B | €1,411 | €1,520 | +€108 | +7.7% |
| Recurring financial income | 75 | €1,411 | €1,520 | +€108 | +7.7% |
| Financial charges | 65/66B | €3,083 | €172,895 | +€169,812 | +5507.6% |
| Recurring financial charges | 65 | €3,083 | €171,896 | +€168,813 | +5475.2% |
| Non-recurring financial charges | 66B | - | €999 | +€999 | |
| Profit (loss) for the period before taxes | 9903 | -€1,236,796 | -€2,108,943 | -€872,147 | -70.5% |
| Income taxes | 67/77 | €849 | €849 | +€0 | 0.0% |
| Profit (loss) for the period | 9904 | -€1,237,645 | -€2,109,792 | -€872,147 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,237,645 | -€2,109,792 | -€872,147 | -70.5% |
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 5 October 2026 via checked.be.