STRUMAR: 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.
STRUMAR
Largest movements
- Tangible fixed assets +€343,131
up €343,131 (+23284.1%), from €1,474 to €344,605
of which Land and buildings: +€344,274
- Deferred charges and accrued income +€15,132
up €15,132 (+703.2%), from €2,152 to €17,284
- Cash +€8,342
up €8,342 (+95.6%), from €8,729 to €17,071
mainly Debts after one year (+€240,416) and Other debts (+€101,477)
- Debts after one year +€240,416
new in 2025: €240,416
- Other debts +€101,477
up €101,477, from €0 to €101,477
- Profit (loss) carried forward +€13,246
up €13,246 (+22.5%), from -€58,852 to -€45,606
- Current portion of long-term debt +€8,271
new in 2025: €8,271
- Reserves +€4,000
up €4,000 (+32.8%), from €12,197 to €16,197
of which Distributable reserves: +€4,000
- Taxes +€5,256
up €5,256 (+280.4%), from €1,875 to €7,130
- Financial charges +€3,240
up €3,240 (+998.6%), from €324 to €3,564
- Gross operating margin +€2,966
up €2,966 (+10.0%), from €29,704 to €32,670
- Depreciation +€1,961
up €1,961 (+146.2%), from €1,341 to €3,302
- Other operating charges +€671
up €671 (+81.6%), from €822 to €1,492
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 | €24,920 | €391,589 | +€366,669 | +1471.4% |
| Fixed assets | 21/28 | €2,689 | €345,742 | +€343,053 | +12759.4% |
| Intangible fixed assets | 21 | €1,215 | €1,065 | -€150 | -12.3% |
| Tangible fixed assets | 22/27 | €1,474 | €344,605 | +€343,131 | +23284.1% |
| Land and buildings | 22 | - | €344,274 | +€344,274 | |
| Plant, machinery and equipment | 23 | €1,474 | €331 | -€1,142 | -77.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €72 | +€72 | |
| Current assets | 29/58 | €22,231 | €45,847 | +€23,616 | +106.2% |
| Amounts receivable within one year | 40/41 | €11,351 | €11,493 | +€142 | +1.2% |
| Trade receivables | 40 | €10,294 | €11,493 | +€1,198 | +11.6% |
| Other amounts receivable | 41 | €1,057 | €0 | -€1,057 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,729 | €17,071 | +€8,342 | +95.6% |
| Deferred charges and accrued income | 490/1 | €2,152 | €17,284 | +€15,132 | +703.2% |
| Total equity and liabilities | 10/49 | €24,920 | €391,589 | +€366,669 | +1471.4% |
| Equity | 10/15 | €15,319 | €32,565 | +€17,246 | +112.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €12,197 | €16,197 | +€4,000 | +32.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €10,000 | +€4,000 | +66.7% |
| Profit (loss) carried forward | 14 | -€58,852 | -€45,606 | +€13,246 | +22.5% |
| Amounts payable | 17/49 | €9,601 | €359,024 | +€349,423 | +3639.5% |
| Amounts payable after more than one year | 17 | - | €240,416 | +€240,416 | |
| Financial debts | 170/4 | - | €240,416 | +€240,416 | |
| Amounts payable within one year | 42/48 | €9,601 | €118,608 | +€109,007 | +1135.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,271 | +€8,271 | |
| Trade debts | 44 | €3,286 | €1,055 | -€2,231 | -67.9% |
| Suppliers | 440/4 | €3,286 | €1,055 | -€2,231 | -67.9% |
| Taxes, remuneration and social security | 45 | €6,315 | €7,805 | +€1,490 | +23.6% |
| Taxes | 450/3 | €6,315 | €7,805 | +€1,490 | +23.6% |
| Other amounts payable | 47/48 | €0 | €101,477 | +€101,477 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,341 | €3,302 | +€1,961 | +146.2% |
| Other operating charges | 640/8 | €822 | €1,492 | +€671 | +81.6% |
| Non-recurring operating charges | 66A | €18,015 | €0 | -€18,015 | -100.0% |
| Gross operating margin | 9900 | €29,704 | €32,670 | +€2,966 | +10.0% |
| Operating profit (loss) | 9901 | €9,526 | €27,876 | +€18,350 | +192.6% |
| Financial income | 75/76B | €94 | €65 | -€29 | -30.8% |
| Recurring financial income | 75 | €94 | €65 | -€29 | -30.8% |
| Financial charges | 65/66B | €324 | €3,564 | +€3,240 | +998.6% |
| Recurring financial charges | 65 | €324 | €3,564 | +€3,240 | +998.6% |
| Profit (loss) for the period before taxes | 9903 | €9,295 | €24,376 | +€15,081 | +162.2% |
| Income taxes | 67/77 | €1,875 | €7,130 | +€5,256 | +280.4% |
| Profit (loss) for the period | 9904 | €7,421 | €17,246 | +€9,825 | +132.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,421 | €17,246 | +€9,825 | +132.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.