Struendo: 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.
Struendo
Largest movements
- Cash +€55,318
up €55,318 (+2242.9%), from €2,466 to €57,784
mainly Net result for the year (+€60,220) and Tax, wage and social debts (+€15,414)
- Receivables within one year +€16,676
up €16,676 (+185.3%), from €9,000 to €25,676
- Tangible fixed assets +€3,906
new in 2025: €3,906
- Formation expenses -€2,611
no longer reported in 2025 (was €2,611)
- Profit (loss) carried forward +€60,220
up €60,220 (+963.2%), from €6,252 to €66,472
- Tax, wage and social debts +€15,414
up €15,414 (+966.9%), from €1,594 to €17,008
- Trade debts -€2,687
down €2,687 (-60.8%), from €4,422 to €1,736
- Gross operating margin +€70,348
up €70,348 (+840.7%), from €8,368 to €78,716
- Taxes +€13,820
up €13,820 (+866.9%), from €1,594 to €15,414
- Depreciation +€2,360
up €2,360 (+452.0%), from €522 to €2,883
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 | €14,077 | €87,366 | +€73,289 | +520.6% |
| Formation expenses | 20 | €2,611 | - | -€2,611 | |
| Fixed assets | 21/28 | - | €3,906 | +€3,906 | |
| Tangible fixed assets | 22/27 | - | €3,906 | +€3,906 | |
| Furniture and vehicles | 24 | - | €3,906 | +€3,906 | |
| Current assets | 29/58 | €11,466 | €83,461 | +€71,994 | +627.9% |
| Amounts receivable within one year | 40/41 | €9,000 | €25,676 | +€16,676 | +185.3% |
| Trade receivables | 40 | €9,000 | €25,676 | +€16,676 | +185.3% |
| Cash at bank and in hand | 54/58 | €2,466 | €57,784 | +€55,318 | +2242.9% |
| Total equity and liabilities | 10/49 | €14,077 | €87,366 | +€73,289 | +520.6% |
| Equity | 10/15 | €7,252 | €67,472 | +€60,220 | +830.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,252 | €66,472 | +€60,220 | +963.2% |
| Amounts payable | 17/49 | €6,826 | €19,894 | +€13,069 | +191.5% |
| Amounts payable within one year | 42/48 | €6,826 | €19,894 | +€13,069 | +191.5% |
| Trade debts | 44 | €4,422 | €1,736 | -€2,687 | -60.8% |
| Suppliers | 440/4 | €4,422 | €1,736 | -€2,687 | -60.8% |
| Taxes, remuneration and social security | 45 | €1,594 | €17,008 | +€15,414 | +966.9% |
| Taxes | 450/3 | €1,594 | €17,008 | +€15,414 | +966.9% |
| Other amounts payable | 47/48 | €809 | €1,151 | +€342 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €522 | €2,883 | +€2,360 | +452.0% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €8,368 | €78,716 | +€70,348 | +840.7% |
| Operating profit (loss) | 9901 | €7,846 | €75,706 | +€67,860 | +864.9% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | - | €76 | +€76 | |
| Recurring financial charges | 65 | - | €76 | +€76 | |
| Profit (loss) for the period before taxes | 9903 | €7,846 | €75,633 | +€67,787 | +864.0% |
| Income taxes | 67/77 | €1,594 | €15,414 | +€13,820 | +866.9% |
| Profit (loss) for the period | 9904 | €6,252 | €60,220 | +€53,968 | +863.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,252 | €60,220 | +€53,968 | +863.2% |
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 11 October 2026 via checked.be.