STRUQTO: 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.
STRUQTO
Largest movements
- Stocks and contracts +€962,535
new in 2025: €962,535
- Cash -€79,755
down €79,755 (-84.5%), from €94,347 to €14,593
mainly Stocks and contracts (-€962,535) and Contributions, distributions and other (-€100,000)
- Receivables within one year -€67,624
down €67,624 (-54.3%), from €124,624 to €57,000
of which Other amounts receivable: -€124,624
- Short-term financial debts +€640,000
new in 2025: €640,000
- Debts after one year +€349,155
new in 2025: €349,155
- Profit (loss) carried forward -€147,932
down €147,932 (-94.6%), from €156,358 to €8,426
- Tax, wage and social debts -€56,099
down €56,099 (-99.5%), from €56,399 to €300
- Trade debts +€17,422
up €17,422 (+10,535%), from €165 to €17,588
- Financial charges +€25,474
up €25,474 (+3,474%), from €733 to €26,207
- Financial income -€10,418
down €10,418 (-100.0%), from €10,418 to €0
- Other operating charges +€5,838
up €5,838 (+1,155%), from €505 to €6,343
- Gross operating margin -€2,067
down €2,067 (-17.8%), from -€11,584 to -€13,651
- Taxes +€1,180
up €1,180 (+296%), from €399 to €1,579
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 | €219,123 | €1,034,552 | +€815,429 | +372% |
| Fixed assets | 21/28 | €152 | €0 | -€152 | -100% |
| Tangible fixed assets | 22/27 | €152 | €0 | -€152 | -100% |
| Furniture and vehicles | 24 | €152 | €0 | -€152 | -100% |
| Current assets | 29/58 | €218,971 | €1,034,552 | +€815,581 | +372% |
| Stocks and contracts in progress | 3 | - | €962,535 | +€962,535 | |
| Stocks | 30/36 | - | €962,535 | +€962,535 | |
| Amounts receivable within one year | 40/41 | €124,624 | €57,000 | -€67,624 | -54.3% |
| Trade receivables | 40 | €0 | €57,000 | +€57,000 | |
| Other amounts receivable | 41 | €124,624 | €0 | -€124,624 | -100% |
| Cash at bank and in hand | 54/58 | €94,347 | €14,593 | -€79,755 | -84.5% |
| Deferred charges and accrued income | 490/1 | - | €424 | +€424 | |
| Total equity and liabilities | 10/49 | €219,123 | €1,034,552 | +€815,429 | +372% |
| Equity | 10/15 | €162,558 | €14,626 | -€147,932 | -91.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,358 | €8,426 | -€147,932 | -94.6% |
| Amounts payable | 17/49 | €56,564 | €1,019,925 | +€963,361 | +1,703% |
| Amounts payable after more than one year | 17 | - | €349,155 | +€349,155 | |
| Financial debts | 170/4 | - | €349,155 | +€349,155 | |
| Amounts payable within one year | 42/48 | €56,564 | €662,017 | +€605,452 | +1,070% |
| Financial debts | 43 | - | €640,000 | +€640,000 | |
| Credit institutions | 430/8 | - | €640,000 | +€640,000 | |
| Trade debts | 44 | €165 | €17,588 | +€17,422 | +10,535% |
| Suppliers | 440/4 | €165 | €17,588 | +€17,422 | +10,535% |
| Taxes, remuneration and social security | 45 | €56,399 | €300 | -€56,099 | -99.5% |
| Taxes | 450/3 | €56,399 | €300 | -€56,099 | -99.5% |
| Other amounts payable | 47/48 | €0 | €4,129 | +€4,129 | |
| Accrued charges and deferred income | 492/3 | €0 | €8,754 | +€8,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220 | €152 | -€68 | -31.1% |
| Other operating charges | 640/8 | €505 | €6,343 | +€5,838 | +1,155% |
| Gross operating margin | 9900 | -€11,584 | -€13,651 | -€2,067 | -17.8% |
| Operating profit (loss) | 9901 | -€12,310 | -€20,146 | -€7,837 | -63.7% |
| Financial income | 75/76B | €10,418 | €0 | -€10,418 | -100.0% |
| Recurring financial income | 75 | €10,418 | €0 | -€10,418 | -100.0% |
| Financial charges | 65/66B | €733 | €26,207 | +€25,474 | +3,474% |
| Recurring financial charges | 65 | €733 | €26,207 | +€25,474 | +3,474% |
| Profit (loss) for the period before taxes | 9903 | -€2,625 | -€46,353 | -€43,728 | -1,666% |
| Income taxes | 67/77 | €399 | €1,579 | +€1,180 | +296% |
| Profit (loss) for the period | 9904 | -€3,024 | -€47,932 | -€44,908 | -1,485% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,024 | -€47,932 | -€44,908 | -1,485% |
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 13 October 2026 via checked.be.