STRUIK FREDERIC: 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.
STRUIK FREDERIC
Largest movements
- Receivables within one year +€33,712
up €33,712 (+36.9%), from €91,270 to €124,982
of which Trade receivables: +€18,996
- Tangible fixed assets -€6,764
down €6,764 (-11.1%), from €61,007 to €54,243
of which Furniture and vehicles: -€3,652
- Stocks and contracts +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Cash +€4,683
up €4,683 (+40.3%), from €11,621 to €16,305
mainly Depreciation (+€20,160) and Trade debts (+€15,276)
- Trade debts +€15,276
up €15,276 (+65.3%), from €23,403 to €38,678
- Debts after one year +€10,734
up €10,734 (+60.3%), from €17,786 to €28,520
- Other debts +€10,394
up €10,394 (+167.0%), from €6,223 to €16,617
- Tax, wage and social debts -€10,014
down €10,014 (-34.4%), from €29,111 to €19,096
of which Taxes: -€10,940
- Current portion of long-term debt +€7,174
up €7,174 (+104.4%), from €6,874 to €14,048
- Staff costs +€12,121
up €12,121 (+143.1%), from €8,470 to €20,592
- Gross operating margin -€11,574
down €11,574 (-18.7%), from €61,849 to €50,274
- Taxes -€6,324
down €6,324 (-65.7%), from €9,619 to €3,295
- Depreciation +€1,782
up €1,782 (+9.7%), from €18,378 to €20,160
- Other operating charges +€1,193
up €1,193 (+67.4%), from €1,770 to €2,963
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 | €170,696 | €205,928 | +€35,232 | +20.6% |
| Fixed assets | 21/28 | €61,305 | €54,641 | -€6,664 | -10.9% |
| Tangible fixed assets | 22/27 | €61,007 | €54,243 | -€6,764 | -11.1% |
| Plant, machinery and equipment | 23 | €8,960 | €5,848 | -€3,111 | -34.7% |
| Furniture and vehicles | 24 | €52,047 | €48,395 | -€3,652 | -7.0% |
| Financial fixed assets | 28 | €298 | €398 | +€100 | +33.6% |
| Current assets | 29/58 | €109,392 | €151,287 | +€41,895 | +38.3% |
| Stocks and contracts in progress | 3 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Stocks | 30/36 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Amounts receivable within one year | 40/41 | €91,270 | €124,982 | +€33,712 | +36.9% |
| Trade receivables | 40 | €90,149 | €109,145 | +€18,996 | +21.1% |
| Other amounts receivable | 41 | €1,121 | €15,837 | +€14,716 | +1312.8% |
| Cash at bank and in hand | 54/58 | €11,621 | €16,305 | +€4,683 | +40.3% |
| Deferred charges and accrued income | 490/1 | €1,500 | €0 | -€1,500 | -100.0% |
| Total equity and liabilities | 10/49 | €170,696 | €205,928 | +€35,232 | +20.6% |
| Equity | 10/15 | €86,634 | €86,382 | -€252 | -0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,350 | €1,350 | = | 0.0% |
| Distributable reserves | 133 | €1,350 | €1,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,284 | €80,032 | -€252 | -0.3% |
| Amounts payable | 17/49 | €84,062 | €119,546 | +€35,483 | +42.2% |
| Amounts payable after more than one year | 17 | €17,786 | €28,520 | +€10,734 | +60.3% |
| Financial debts | 170/4 | €17,786 | €28,520 | +€10,734 | +60.3% |
| Amounts payable within one year | 42/48 | €65,610 | €88,440 | +€22,830 | +34.8% |
| Current portion of amounts payable after more than one year | 42 | €6,874 | €14,048 | +€7,174 | +104.4% |
| Trade debts | 44 | €23,403 | €38,678 | +€15,276 | +65.3% |
| Suppliers | 440/4 | €23,403 | €38,678 | +€15,276 | +65.3% |
| Taxes, remuneration and social security | 45 | €29,111 | €19,096 | -€10,014 | -34.4% |
| Taxes | 450/3 | €28,324 | €17,384 | -€10,940 | -38.6% |
| Remuneration and social security | 454/9 | €787 | €1,712 | +€925 | +117.5% |
| Other amounts payable | 47/48 | €6,223 | €16,617 | +€10,394 | +167.0% |
| Accrued charges and deferred income | 492/3 | €666 | €2,586 | +€1,920 | +288.3% |
| Remuneration, social security and pensions | 62 | €8,470 | €20,592 | +€12,121 | +143.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,378 | €20,160 | +€1,782 | +9.7% |
| Other operating charges | 640/8 | €1,770 | €2,963 | +€1,193 | +67.4% |
| Gross operating margin | 9900 | €61,849 | €50,274 | -€11,574 | -18.7% |
| Operating profit (loss) | 9901 | €33,231 | €6,559 | -€26,672 | -80.3% |
| Financial income | 75/76B | €126 | €133 | +€7 | +5.6% |
| Recurring financial income | 75 | €126 | €133 | +€7 | +5.6% |
| Financial charges | 65/66B | €2,427 | €2,545 | +€118 | +4.9% |
| Recurring financial charges | 65 | €2,427 | €2,545 | +€118 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €30,930 | €4,147 | -€26,783 | -86.6% |
| Income taxes | 67/77 | €9,619 | €3,295 | -€6,324 | -65.7% |
| Profit (loss) for the period | 9904 | €21,311 | €852 | -€20,459 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,311 | €852 | -€20,459 | -96.0% |
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 8 October 2026 via checked.be.