STRUYE BRUSSELS: 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.
STRUYE BRUSSELS
Largest movements
- Cash +€34,581
up €34,581 (+174.2%), from €19,850 to €54,431
mainly Other debts (+€355,000) and Net result for the year (+€68,625)
- Current investments -€20,000
down €20,000 (-5.3%), from €374,604 to €354,604
- Tangible fixed assets -€6,300
down €6,300 (-23.6%), from €26,732 to €20,432
- Other debts +€355,000
up €355,000 (+591.7%), from €60,000 to €415,000
- Profit (loss) carried forward -€296,375
down €296,375 (-99.8%), from €296,928 to €553
- Reserves -€50,000
no longer reported in 2025 (was €50,000)
- Gross operating margin +€13,625
up €13,625 (+9.1%), from €149,298 to €162,923
- Staff costs +€10,033
up €10,033 (+13.7%), from €73,474 to €83,507
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 | €442,037 | €449,173 | +€7,136 | +1.6% |
| Fixed assets | 21/28 | €26,732 | €20,432 | -€6,300 | -23.6% |
| Tangible fixed assets | 22/27 | €26,732 | €20,432 | -€6,300 | -23.6% |
| Furniture and vehicles | 24 | €26,732 | €20,432 | -€6,300 | -23.6% |
| Current assets | 29/58 | €415,305 | €428,741 | +€13,436 | +3.2% |
| Amounts receivable within one year | 40/41 | €20,014 | €18,830 | -€1,184 | -5.9% |
| Trade receivables | 40 | €10,114 | €10,617 | +€503 | +5.0% |
| Other amounts receivable | 41 | €9,900 | €8,213 | -€1,687 | -17.0% |
| Current investments | 50/53 | €374,604 | €354,604 | -€20,000 | -5.3% |
| Cash at bank and in hand | 54/58 | €19,850 | €54,431 | +€34,581 | +174.2% |
| Deferred charges and accrued income | 490/1 | €837 | €876 | +€39 | +4.7% |
| Total equity and liabilities | 10/49 | €442,037 | €449,173 | +€7,136 | +1.6% |
| Equity | 10/15 | €365,528 | €19,153 | -€346,375 | -94.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,000 | - | -€50,000 | |
| Distributable reserves | 133 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | €296,928 | €553 | -€296,375 | -99.8% |
| Amounts payable | 17/49 | €76,509 | €430,020 | +€353,511 | +462.1% |
| Amounts payable within one year | 42/48 | €76,012 | €429,527 | +€353,515 | +465.1% |
| Trade debts | 44 | €5,288 | €5,052 | -€236 | -4.5% |
| Suppliers | 440/4 | €5,288 | €5,052 | -€236 | -4.5% |
| Taxes, remuneration and social security | 45 | €10,724 | €9,475 | -€1,249 | -11.6% |
| Remuneration and social security | 454/9 | €10,724 | €9,475 | -€1,249 | -11.6% |
| Other amounts payable | 47/48 | €60,000 | €415,000 | +€355,000 | +591.7% |
| Accrued charges and deferred income | 492/3 | €497 | €493 | -€4 | -0.8% |
| Remuneration, social security and pensions | 62 | €73,474 | €83,507 | +€10,033 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,768 | €6,300 | +€1,532 | +32.1% |
| Other operating charges | 640/8 | €451 | €451 | = | 0.0% |
| Gross operating margin | 9900 | €149,298 | €162,923 | +€13,625 | +9.1% |
| Operating profit (loss) | 9901 | €70,605 | €72,665 | +€2,060 | +2.9% |
| Financial income | 75/76B | €17,799 | €18,325 | +€526 | +3.0% |
| Recurring financial income | 75 | €11,299 | €18,325 | +€7,026 | +62.2% |
| Non-recurring financial income | 76B | €6,500 | - | -€6,500 | |
| Financial charges | 65/66B | €70 | €80 | +€10 | +14.3% |
| Recurring financial charges | 65 | €70 | €80 | +€10 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €88,334 | €90,910 | +€2,576 | +2.9% |
| Income taxes | 67/77 | €23,489 | €22,285 | -€1,204 | -5.1% |
| Profit (loss) for the period | 9904 | €64,845 | €68,625 | +€3,780 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,845 | €68,625 | +€3,780 | +5.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.