Strusima: 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.
Strusima
Largest movements
- Cash +€35,033
up €35,033 (+74.0%), from €47,373 to €82,406
mainly Net result for the year (+€82,599) and Tax, wage and social debts (+€46,593)
- Receivables within one year +€21,195
up €21,195 (+18.5%), from €114,482 to €135,678
of which Trade receivables: +€45,310
- Tangible fixed assets -€6,877
down €6,877 (-19.3%), from €35,707 to €28,829
of which Plant, machinery and equipment: -€6,994
- Profit (loss) carried forward -€225,159
no longer reported in 2025 (was €225,159)
- Reserves +€182,757
up €182,757 (+2009.2%), from €9,096 to €191,853
of which Distributable reserves: +€184,617
- Tax, wage and social debts +€46,593
up €46,593 (+92.0%), from €50,640 to €97,233
- Other debts +€46,144
up €46,144 (+5389.4%), from €856 to €47,000
- Gross operating margin +€61,269
up €61,269 (+85.1%), from €71,965 to €133,234
- Other operating charges +€15,867
up €15,867 (+2077.1%), from €764 to €16,631
- Taxes +€12,139
up €12,139 (+55.2%), from €22,000 to €34,139
- Financial income +€4,911
new in 2025: €4,911
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 | €295,639 | €345,998 | +€50,360 | +17.0% |
| Fixed assets | 21/28 | €133,783 | €126,906 | -€6,877 | -5.1% |
| Tangible fixed assets | 22/27 | €35,707 | €28,829 | -€6,877 | -19.3% |
| Land and buildings | 22 | €23,421 | €22,083 | -€1,338 | -5.7% |
| Plant, machinery and equipment | 23 | €7,061 | €68 | -€6,994 | -99.0% |
| Furniture and vehicles | 24 | €1,031 | €4,583 | +€3,551 | +344.4% |
| Other tangible fixed assets | 26 | €4,193 | €2,097 | -€2,097 | -50.0% |
| Financial fixed assets | 28 | €98,076 | €98,076 | = | 0.0% |
| Current assets | 29/58 | €161,856 | €219,093 | +€57,237 | +35.4% |
| Amounts receivable within one year | 40/41 | €114,482 | €135,678 | +€21,195 | +18.5% |
| Trade receivables | 40 | €1,982 | €47,292 | +€45,310 | +2286.7% |
| Other amounts receivable | 41 | €112,501 | €88,386 | -€24,115 | -21.4% |
| Cash at bank and in hand | 54/58 | €47,373 | €82,406 | +€35,033 | +74.0% |
| Deferred charges and accrued income | 490/1 | - | €1,009 | +€1,009 | |
| Total equity and liabilities | 10/49 | €295,639 | €345,998 | +€50,360 | +17.0% |
| Equity | 10/15 | €240,455 | €198,053 | -€42,401 | -17.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,096 | €191,853 | +€182,757 | +2009.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €186 | €186 | = | 0.0% |
| Distributable reserves | 133 | €7,050 | €191,667 | +€184,617 | +2618.7% |
| Profit (loss) carried forward | 14 | €225,159 | - | -€225,159 | |
| Amounts payable | 17/49 | €55,184 | €147,945 | +€92,761 | +168.1% |
| Amounts payable within one year | 42/48 | €55,184 | €147,945 | +€92,761 | +168.1% |
| Trade debts | 44 | €3,687 | €3,712 | +€24 | +0.7% |
| Suppliers | 440/4 | €3,687 | €3,712 | +€24 | +0.7% |
| Taxes, remuneration and social security | 45 | €50,640 | €97,233 | +€46,593 | +92.0% |
| Taxes | 450/3 | €50,640 | €97,233 | +€46,593 | +92.0% |
| Other amounts payable | 47/48 | €856 | €47,000 | +€46,144 | +5389.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,871 | €4,322 | -€549 | -11.3% |
| Other operating charges | 640/8 | €764 | €16,631 | +€15,867 | +2077.1% |
| Gross operating margin | 9900 | €71,965 | €133,234 | +€61,269 | +85.1% |
| Operating profit (loss) | 9901 | €66,329 | €112,281 | +€45,952 | +69.3% |
| Financial income | 75/76B | - | €4,911 | +€4,911 | |
| Recurring financial income | 75 | - | €4,911 | +€4,911 | |
| Financial charges | 65/66B | €67 | €455 | +€387 | +576.9% |
| Recurring financial charges | 65 | €67 | €455 | +€387 | +576.9% |
| Profit (loss) for the period before taxes | 9903 | €66,262 | €116,737 | +€50,475 | +76.2% |
| Income taxes | 67/77 | €22,000 | €34,139 | +€12,139 | +55.2% |
| Profit (loss) for the period | 9904 | €44,262 | €82,599 | +€38,337 | +86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,262 | €82,599 | +€38,337 | +86.6% |
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 1 October 2026 via checked.be.