STRUYF IMMO: 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.
STRUYF IMMO
Largest movements
- Receivables within one year +€70,558
up €70,558 (+59.7%), from €118,209 to €188,767
of which Trade receivables: +€63,558
- Receivables after one year +€27,219
up €27,219 (+978.6%), from €2,781 to €30,000
- Tangible fixed assets -€9,954
down €9,954 (-5.0%), from €200,534 to €190,580
of which Land and buildings: -€8,442
- Advances received +€63,595
up €63,595 (+68.6%), from €92,685 to €156,279
- Trade debts +€17,734
up €17,734 (+77.9%), from €22,779 to €40,513
- Tax, wage and social debts +€8,257
up €8,257 (+69.6%), from €11,858 to €20,115
of which Taxes: +€9,172
- Debts after one year -€7,807
down €7,807 (-17.3%), from €45,220 to €37,413
- Reserves +€7,579
up €7,579 (+22.8%), from €33,223 to €40,802
of which Distributable reserves: +€8,323
- Gross operating margin +€28,608
up €28,608 (+50.1%), from €57,055 to €85,663
- Taxes +€4,490
up €4,490 (+60.0%), from €7,485 to €11,976
- Staff costs -€3,253
down €3,253 (-12.7%), from €25,571 to €22,318
- Other operating charges +€2,631
up €2,631 (+93.3%), from €2,819 to €5,450
- Depreciation +€1,106
up €1,106 (+12.5%), from €8,847 to €9,954
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 | €331,701 | €420,864 | +€89,163 | +26.9% |
| Fixed assets | 21/28 | €202,364 | €193,260 | -€9,104 | -4.5% |
| Tangible fixed assets | 22/27 | €200,534 | €190,580 | -€9,954 | -5.0% |
| Land and buildings | 22 | €194,862 | €186,420 | -€8,442 | -4.3% |
| Plant, machinery and equipment | 23 | €1,924 | €1,419 | -€504 | -26.2% |
| Furniture and vehicles | 24 | €3,748 | €2,741 | -€1,007 | -26.9% |
| Financial fixed assets | 28 | €1,830 | €2,680 | +€850 | +46.4% |
| Current assets | 29/58 | €129,337 | €227,604 | +€98,266 | +76.0% |
| Amounts receivable after more than one year | 29 | €2,781 | €30,000 | +€27,219 | +978.6% |
| Other amounts receivable | 291 | €2,781 | €30,000 | +€27,219 | +978.6% |
| Amounts receivable within one year | 40/41 | €118,209 | €188,767 | +€70,558 | +59.7% |
| Trade receivables | 40 | €31,111 | €94,668 | +€63,558 | +204.3% |
| Other amounts receivable | 41 | €87,099 | €94,099 | +€7,000 | +8.0% |
| Cash at bank and in hand | 54/58 | €549 | €1,039 | +€490 | +89.3% |
| Deferred charges and accrued income | 490/1 | €7,798 | €7,798 | = | 0.0% |
| Total equity and liabilities | 10/49 | €331,701 | €420,864 | +€89,163 | +26.9% |
| Equity | 10/15 | €142,203 | €149,782 | +€7,579 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €102,780 | €102,780 | = | 0.0% |
| Reserves | 13 | €33,223 | €40,802 | +€7,579 | +22.8% |
| Non-distributable reserves | 130/1 | €1,606 | €1,606 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,606 | €1,606 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,190 | €7,445 | -€745 | -9.1% |
| Distributable reserves | 133 | €23,427 | €31,751 | +€8,323 | +35.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,217 | €3,834 | -€383 | -9.1% |
| Deferred taxes | 168 | €4,217 | €3,834 | -€383 | -9.1% |
| Amounts payable | 17/49 | €185,281 | €267,249 | +€81,967 | +44.2% |
| Amounts payable after more than one year | 17 | €45,220 | €37,413 | -€7,807 | -17.3% |
| Financial debts | 170/4 | €45,220 | €37,413 | -€7,807 | -17.3% |
| Amounts payable within one year | 42/48 | €140,062 | €229,836 | +€89,774 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €7,598 | €7,807 | +€209 | +2.8% |
| Financial debts | 43 | €5,142 | €5,121 | -€21 | -0.4% |
| Credit institutions | 430/8 | €5,142 | €5,121 | -€21 | -0.4% |
| Trade debts | 44 | €22,779 | €40,513 | +€17,734 | +77.9% |
| Suppliers | 440/4 | €22,779 | €40,513 | +€17,734 | +77.9% |
| Advances received on contracts in progress | 46 | €92,685 | €156,279 | +€63,595 | +68.6% |
| Taxes, remuneration and social security | 45 | €11,858 | €20,115 | +€8,257 | +69.6% |
| Taxes | 450/3 | €9,379 | €18,550 | +€9,172 | +97.8% |
| Remuneration and social security | 454/9 | €2,479 | €1,564 | -€915 | -36.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €25,571 | €22,318 | -€3,253 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,847 | €9,954 | +€1,106 | +12.5% |
| Other operating charges | 640/8 | €2,819 | €5,450 | +€2,631 | +93.3% |
| Gross operating margin | 9900 | €57,055 | €85,663 | +€28,608 | +50.1% |
| Operating profit (loss) | 9901 | €19,817 | €47,941 | +€28,123 | +141.9% |
| Financial income | 75/76B | €270 | €0 | -€270 | -100.0% |
| Recurring financial income | 75 | €270 | €0 | -€270 | -100.0% |
| Financial charges | 65/66B | €3,153 | €3,770 | +€617 | +19.6% |
| Recurring financial charges | 65 | €3,153 | €3,770 | +€617 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €16,935 | €44,171 | +€27,237 | +160.8% |
| Transfer from deferred taxes | 780 | €383 | €383 | = | 0.0% |
| Income taxes | 67/77 | €7,485 | €11,976 | +€4,490 | +60.0% |
| Profit (loss) for the period | 9904 | €9,833 | €32,579 | +€22,746 | +231.3% |
| Transfer from tax-exempt reserves | 789 | €745 | €745 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,577 | €33,323 | +€22,746 | +215.1% |
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 10 October 2026 via checked.be.