STRUYF: 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.
STRUYF
Largest movements
- Receivables within one year -€795,886
down €795,886 (-29.4%), from €2.7m to €1.9m
of which Trade receivables: -€805,508
- Stocks and contracts -€727,748
down €727,748 (-22.2%), from €3.3m to €2.6m
of which Contracts in progress: -€756,985
- Cash +€391,024
up €391,024 (+149.1%), from €262,181 to €653,205
mainly Receivables within one year (+€795,886) and Stocks and contracts (+€727,748)
- Tangible fixed assets +€192,153
up €192,153 (+14.0%), from €1.4m to €1.6m
of which Land and buildings: +€232,280
- Advances received -€1.2m
down €1.2m (-47.3%), from €2.5m to €1.3m
- Tax, wage and social debts -€224,281
down €224,281 (-40.1%), from €559,031 to €334,750
of which Taxes: -€240,879
- Reserves +€220,183
up €220,183 (+8.3%), from €2.7m to €2.9m
of which Distributable reserves: +€220,183
- Debts after one year +€199,774
up €199,774 (+54.9%), from €363,667 to €563,441
of which Financial debts: +€199,774
- Short-term financial debts +€137,897
up €137,897 (+24.8%), from €557,103 to €695,000
- Staff costs +€105,346
up €105,346 (+5.9%), from €1.8m to €1.9m
- Gross operating margin +€90,003
up €90,003 (+3.9%), from €2.3m to €2.4m
- Taxes +€52,485
up €52,485, from -€19,129 to €33,355
- Financial income +€48,680
up €48,680 (+127.5%), from €38,169 to €86,850
- Provisions +€40,000
up €40,000 (+42.1%), from -€95,000 to -€55,000
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 | €8,790,392 | €7,913,263 | -€877,129 | -10.0% |
| Fixed assets | 21/28 | €1,405,851 | €1,598,004 | +€192,153 | +13.7% |
| Tangible fixed assets | 22/27 | €1,375,152 | €1,567,305 | +€192,153 | +14.0% |
| Land and buildings | 22 | €724,924 | €957,204 | +€232,280 | +32.0% |
| Plant, machinery and equipment | 23 | €230,495 | €174,841 | -€55,654 | -24.1% |
| Furniture and vehicles | 24 | €31,930 | €21,365 | -€10,565 | -33.1% |
| Leasing and similar rights | 25 | €387,804 | €413,895 | +€26,091 | +6.7% |
| Financial fixed assets | 28 | €30,699 | €30,699 | = | 0.0% |
| Current assets | 29/58 | €7,384,542 | €6,315,259 | -€1.1m | -14.5% |
| Stocks and contracts in progress | 3 | €3,284,555 | €2,556,806 | -€727,748 | -22.2% |
| Stocks | 30/36 | €687,289 | €716,526 | +€29,237 | +4.3% |
| Contracts in progress | 37 | €2,597,266 | €1,840,280 | -€756,985 | -29.1% |
| Amounts receivable within one year | 40/41 | €2,711,536 | €1,915,650 | -€795,886 | -29.4% |
| Trade receivables | 40 | €2,481,478 | €1,675,969 | -€805,508 | -32.5% |
| Other amounts receivable | 41 | €230,059 | €239,681 | +€9,622 | +4.2% |
| Current investments | 50/53 | €1,070,045 | €1,151,514 | +€81,470 | +7.6% |
| Cash at bank and in hand | 54/58 | €262,181 | €653,205 | +€391,024 | +149.1% |
| Deferred charges and accrued income | 490/1 | €56,224 | €38,084 | -€18,141 | -32.3% |
| Total equity and liabilities | 10/49 | €8,790,392 | €7,913,263 | -€877,129 | -10.0% |
| Equity | 10/15 | €3,308,146 | €3,528,329 | +€220,183 | +6.7% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Revaluation surpluses | 12 | €280,455 | €280,455 | = | 0.0% |
| Reserves | 13 | €2,652,691 | €2,872,874 | +€220,183 | +8.3% |
| Non-distributable reserves | 130/1 | €90,585 | €90,585 | = | 0.0% |
| Legal reserve | 130 | €90,585 | €90,585 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,339 | €2,339 | = | 0.0% |
| Distributable reserves | 133 | €2,559,767 | €2,779,950 | +€220,183 | +8.6% |
| Provisions and deferred taxes | 16 | €55,000 | €0 | -€55,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €55,000 | €0 | -€55,000 | -100.0% |
| Other liabilities and charges | 164/5 | €55,000 | €0 | -€55,000 | -100.0% |
| Amounts payable | 17/49 | €5,427,246 | €4,384,934 | -€1.0m | -19.2% |
| Amounts payable after more than one year | 17 | €363,667 | €563,441 | +€199,774 | +54.9% |
| Financial debts | 170/4 | €348,667 | €548,441 | +€199,774 | +57.3% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,970,120 | €3,720,792 | -€1.2m | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €133,646 | €202,722 | +€69,076 | +51.7% |
| Financial debts | 43 | €557,103 | €695,000 | +€137,897 | +24.8% |
| Credit institutions | 430/8 | €557,103 | €695,000 | +€137,897 | +24.8% |
| Trade debts | 44 | €1,216,073 | €1,164,387 | -€51,686 | -4.3% |
| Suppliers | 440/4 | €1,216,073 | €1,164,387 | -€51,686 | -4.3% |
| Advances received on contracts in progress | 46 | €2,499,608 | €1,316,905 | -€1.2m | -47.3% |
| Taxes, remuneration and social security | 45 | €559,031 | €334,750 | -€224,281 | -40.1% |
| Taxes | 450/3 | €317,457 | €76,577 | -€240,879 | -75.9% |
| Remuneration and social security | 454/9 | €241,574 | €258,173 | +€16,598 | +6.9% |
| Other amounts payable | 47/48 | €4,658 | €7,028 | +€2,370 | +50.9% |
| Accrued charges and deferred income | 492/3 | €93,459 | €100,701 | +€7,242 | +7.7% |
| Non-recurring operating income | 76A | €8,995 | €0 | -€8,995 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,780,825 | €1,886,171 | +€105,346 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212,718 | €245,662 | +€32,944 | +15.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€95,000 | -€55,000 | +€40,000 | +42.1% |
| Other operating charges | 640/8 | €62,506 | €56,600 | -€5,906 | -9.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,313,428 | €2,403,431 | +€90,003 | +3.9% |
| Operating profit (loss) | 9901 | €352,379 | €269,998 | -€82,381 | -23.4% |
| Financial income | 75/76B | €38,169 | €86,850 | +€48,680 | +127.5% |
| Recurring financial income | 75 | €38,169 | €86,850 | +€48,680 | +127.5% |
| Financial charges | 65/66B | €84,345 | €103,310 | +€18,965 | +22.5% |
| Recurring financial charges | 65 | €84,345 | €103,310 | +€18,965 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €306,204 | €253,538 | -€52,666 | -17.2% |
| Income taxes | 67/77 | -€19,129 | €33,355 | +€52,485 | |
| Profit (loss) for the period | 9904 | €325,333 | €220,183 | -€105,150 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €325,333 | €220,183 | -€105,150 | -32.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.