STRUGA: 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.
STRUGA
Largest movements
- Intangible fixed assets +€61,045
up €61,045 (+75.9%), from €80,378 to €141,423
- Tangible fixed assets +€58,842
up €58,842 (+146%), from €40,263 to €99,104
of which Plant, machinery and equipment: +€58,947
- Receivables within one year +€42,981
up €42,981 (+37.2%), from €115,403 to €158,383
of which Other amounts receivable: +€37,979
- Cash +€15,210
up €15,210 (+35,804%), from €42 to €15,252
mainly Net result for the year (+€96,165) and Depreciation (+€45,139)
- Profit (loss) carried forward +€96,165
up €96,165 (+50.3%), from -€191,293 to -€95,129
- Tax, wage and social debts +€36,178
up €36,178 (+6,693%), from €541 to €36,718
- Other debts +€32,350
up €32,350 (+21.3%), from €151,640 to €183,990
- Trade debts +€13,474
up €13,474 (+146%), from €9,257 to €22,731
- Gross operating margin +€106,246
up €106,246 (+46.3%), from €229,295 to €335,541
- Other operating charges -€49,877
down €49,877 (-26.9%), from €185,702 to €135,824
- Taxes +€35,609
up €35,609 (+4,557%), from €781 to €36,390
- Write-downs +€19,241
up €19,241 (+693%), from €2,778 to €22,019
- Depreciation +€16,907
up €16,907 (+59.9%), from €28,232 to €45,139
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.
Derived cash bridge
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 | €250,328 | €428,495 | +€178,166 | +71.2% |
| Fixed assets | 21/28 | €134,840 | €254,727 | +€119,886 | +88.9% |
| Intangible fixed assets | 21 | €80,378 | €141,423 | +€61,045 | +75.9% |
| Tangible fixed assets | 22/27 | €40,263 | €99,104 | +€58,842 | +146% |
| Plant, machinery and equipment | 23 | €36,036 | €94,983 | +€58,947 | +164% |
| Furniture and vehicles | 24 | €4,227 | €4,121 | -€106 | -2.5% |
| Financial fixed assets | 28 | €14,200 | €14,200 | = | 0.0% |
| Current assets | 29/58 | €115,488 | €173,768 | +€58,280 | +50.5% |
| Amounts receivable within one year | 40/41 | €115,403 | €158,383 | +€42,981 | +37.2% |
| Trade receivables | 40 | €33,490 | €38,491 | +€5,001 | +14.9% |
| Other amounts receivable | 41 | €81,913 | €119,892 | +€37,979 | +46.4% |
| Cash at bank and in hand | 54/58 | €42 | €15,252 | +€15,210 | +35,804% |
| Deferred charges and accrued income | 490/1 | €43 | €132 | +€90 | +211% |
| Total equity and liabilities | 10/49 | €250,328 | €428,495 | +€178,166 | +71.2% |
| Equity | 10/15 | €88,891 | €185,055 | +€96,165 | +108% |
| Contributions | 10/11 | €280,184 | €280,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,293 | -€95,129 | +€96,165 | +50.3% |
| Amounts payable | 17/49 | €161,438 | €243,439 | +€82,002 | +50.8% |
| Amounts payable within one year | 42/48 | €161,438 | €243,439 | +€82,002 | +50.8% |
| Trade debts | 44 | €9,257 | €22,731 | +€13,474 | +146% |
| Suppliers | 440/4 | €9,257 | €22,731 | +€13,474 | +146% |
| Taxes, remuneration and social security | 45 | €541 | €36,718 | +€36,178 | +6,693% |
| Taxes | 450/3 | €541 | €36,718 | +€36,178 | +6,693% |
| Other amounts payable | 47/48 | €151,640 | €183,990 | +€32,350 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,232 | €45,139 | +€16,907 | +59.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,778 | €22,019 | +€19,241 | +693% |
| Other operating charges | 640/8 | €185,702 | €135,824 | -€49,877 | -26.9% |
| Gross operating margin | 9900 | €229,295 | €335,541 | +€106,246 | +46.3% |
| Operating profit (loss) | 9901 | €12,584 | €132,559 | +€119,975 | +953% |
| Financial income | 75/76B | €571 | €58 | -€512 | -89.8% |
| Recurring financial income | 75 | €571 | €58 | -€512 | -89.8% |
| Financial charges | 65/66B | €3 | €62 | +€59 | +1,852% |
| Recurring financial charges | 65 | €3 | €62 | +€59 | +1,852% |
| Profit (loss) for the period before taxes | 9903 | €13,152 | €132,555 | +€119,403 | +908% |
| Income taxes | 67/77 | €781 | €36,390 | +€35,609 | +4,557% |
| Profit (loss) for the period | 9904 | €12,370 | €96,165 | +€83,794 | +677% |
| Profit (loss) for the period to be appropriated | 9905 | €12,370 | €96,165 | +€83,794 | +677% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.