STRUO: 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.
STRUO
Largest movements
- Cash -€23,764
down €23,764 (-64.6%), from €36,759 to €12,995
mainly Trade debts (-€63,689) and Net result for the year (-€30,992)
- Tangible fixed assets -€17,628
down €17,628 (-1.6%), from €1.1m to €1.1m
of which Land and buildings: -€17,241
- Receivables within one year -€14,689
down €14,689 (-89.5%), from €16,418 to €1,729
of which Other amounts receivable: -€8,689
- Trade debts -€63,689
down €63,689 (-97.0%), from €65,628 to €1,940
- Other debts +€63,614
up €63,614 (+299%), from €21,266 to €84,879
- Profit (loss) carried forward -€30,992
down €30,992 (-36.4%), from -€85,100 to -€116,092
- Debts after one year -€28,738
down €28,738 (-2.6%), from €1.1m to €1.1m
- Gross operating margin +€15,798
up €15,798 (+119%), from €13,280 to €29,078
- Depreciation +€8,302
up €8,302 (+35.1%), from €23,677 to €31,979
- Financial income -€5,764
down €5,764 (-100%), from €5,764 to €0
- Financial charges -€1,677
down €1,677 (-5.8%), from €28,769 to €27,093
- Other operating charges +€590
up €590 (+145%), from €408 to €998
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 | €1,177,564 | €1,121,532 | -€56,033 | -4.8% |
| Fixed assets | 21/28 | €1,123,544 | €1,105,916 | -€17,628 | -1.6% |
| Tangible fixed assets | 22/27 | €1,123,544 | €1,105,916 | -€17,628 | -1.6% |
| Land and buildings | 22 | €1,122,456 | €1,105,215 | -€17,241 | -1.5% |
| Furniture and vehicles | 24 | €1,089 | €702 | -€387 | -35.5% |
| Current assets | 29/58 | €54,020 | €15,615 | -€38,405 | -71.1% |
| Amounts receivable within one year | 40/41 | €16,418 | €1,729 | -€14,689 | -89.5% |
| Trade receivables | 40 | €6,000 | €0 | -€6,000 | -100% |
| Other amounts receivable | 41 | €10,418 | €1,729 | -€8,689 | -83.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €36,759 | €12,995 | -€23,764 | -64.6% |
| Deferred charges and accrued income | 490/1 | €843 | €891 | +€48 | +5.8% |
| Total equity and liabilities | 10/49 | €1,177,564 | €1,121,532 | -€56,033 | -4.8% |
| Equity | 10/15 | -€35,100 | -€66,092 | -€30,992 | -88.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,100 | -€116,092 | -€30,992 | -36.4% |
| Amounts payable | 17/49 | €1,212,664 | €1,187,623 | -€25,041 | -2.1% |
| Amounts payable after more than one year | 17 | €1,084,905 | €1,056,167 | -€28,738 | -2.6% |
| Financial debts | 170/4 | €1,084,905 | €1,056,167 | -€28,738 | -2.6% |
| Amounts payable within one year | 42/48 | €114,759 | €118,426 | +€3,667 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €27,866 | €28,738 | +€872 | +3.1% |
| Trade debts | 44 | €65,628 | €1,940 | -€63,689 | -97.0% |
| Suppliers | 440/4 | €65,628 | €1,940 | -€63,689 | -97.0% |
| Taxes, remuneration and social security | 45 | - | €2,869 | +€2,869 | |
| Taxes | 450/3 | - | €2,869 | +€2,869 | |
| Other amounts payable | 47/48 | €21,266 | €84,879 | +€63,614 | +299% |
| Accrued charges and deferred income | 492/3 | €13,000 | €13,030 | +€30 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,677 | €31,979 | +€8,302 | +35.1% |
| Other operating charges | 640/8 | €408 | €998 | +€590 | +145% |
| Gross operating margin | 9900 | €13,280 | €29,078 | +€15,798 | +119% |
| Operating profit (loss) | 9901 | -€10,805 | -€3,899 | +€6,906 | +63.9% |
| Financial income | 75/76B | €5,764 | €0 | -€5,764 | -100% |
| Recurring financial income | 75 | €5,764 | €0 | -€5,764 | -100% |
| Financial charges | 65/66B | €28,769 | €27,093 | -€1,677 | -5.8% |
| Recurring financial charges | 65 | €28,769 | €27,093 | -€1,677 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,811 | -€30,992 | +€2,819 | +8.3% |
| Profit (loss) for the period | 9904 | -€33,811 | -€30,992 | +€2,819 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,811 | -€30,992 | +€2,819 | +8.3% |
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 21 October 2026 via checked.be.