Struyven Verwarming: what changed
Struyven Verwarming
Largest movements
- Cash -€31,210
down €31,210 (-20.8%), from €150,357 to €119,148
mainly Contributions, distributions and other (-€39,000) and Stocks and contracts (-€15,374)
- Tangible fixed assets -€20,059
down €20,059 (-25.7%), from €77,974 to €57,915
of which Furniture and vehicles: -€15,144
- Stocks and contracts +€15,374
up €15,374 (+11.7%), from €131,223 to €146,597
- Deferred charges and accrued income +€13,402
up €13,402 (+170%), from €7,863 to €21,265
- Receivables within one year +€7,313
up €7,313 (+55.1%), from €13,280 to €20,593
of which Other amounts receivable: +€6,258
- Profit (loss) carried forward -€43,576
down €43,576 (-79.4%), from €54,887 to €11,312
- Trade debts +€18,223
up €18,223 (+125%), from €14,565 to €32,788
- Reserves +€15,887
up €15,887 (+5.9%), from €269,641 to €285,528
- Current portion of long-term debt -€7,263
down €7,263 (-93.2%), from €7,791 to €528
- Gross operating margin -€56,731
down €56,731 (-30.5%), from €185,989 to €129,258
- Taxes -€11,085
down €11,085 (-71.1%), from €15,580 to €4,495
- Depreciation -€3,736
down €3,736 (-12.0%), from €31,200 to €27,464
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €384,281 | €367,023 | -€17,258 | -4.5% |
| Fixed assets | 21/28 | €81,557 | €59,420 | -€22,137 | -27.1% |
| Intangible fixed assets | 21 | €2,135 | €23 | -€2,112 | -98.9% |
| Tangible fixed assets | 22/27 | €77,974 | €57,915 | -€20,059 | -25.7% |
| Plant, machinery and equipment | 23 | €3,696 | €1,632 | -€2,064 | -55.8% |
| Furniture and vehicles | 24 | €17,391 | €2,247 | -€15,144 | -87.1% |
| Other tangible fixed assets | 26 | €56,887 | €54,036 | -€2,851 | -5.0% |
| Financial fixed assets | 28 | €1,448 | €1,483 | +€35 | +2.4% |
| Current assets | 29/58 | €302,724 | €307,602 | +€4,879 | +1.6% |
| Stocks and contracts in progress | 3 | €131,223 | €146,597 | +€15,374 | +11.7% |
| Stocks | 30/36 | €131,223 | €146,597 | +€15,374 | +11.7% |
| Amounts receivable within one year | 40/41 | €13,280 | €20,593 | +€7,313 | +55.1% |
| Trade receivables | 40 | €3,114 | €4,169 | +€1,055 | +33.9% |
| Other amounts receivable | 41 | €10,166 | €16,425 | +€6,258 | +61.6% |
| Cash at bank and in hand | 54/58 | €150,357 | €119,148 | -€31,210 | -20.8% |
| Deferred charges and accrued income | 490/1 | €7,863 | €21,265 | +€13,402 | +170% |
| Total equity and liabilities | 10/49 | €384,281 | €367,023 | -€17,258 | -4.5% |
| Equity | 10/15 | €352,028 | €324,340 | -€27,688 | -7.9% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €269,641 | €285,528 | +€15,887 | +5.9% |
| Distributable reserves | 133 | €269,641 | €285,528 | +€15,887 | +5.9% |
| Profit (loss) carried forward | 14 | €54,887 | €11,312 | -€43,576 | -79.4% |
| Amounts payable | 17/49 | €32,253 | €42,683 | +€10,430 | +32.3% |
| Amounts payable after more than one year | 17 | €528 | - | -€528 | |
| Financial debts | 170/4 | €528 | - | -€528 | |
| Amounts payable within one year | 42/48 | €31,725 | €42,683 | +€10,958 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €7,791 | €528 | -€7,263 | -93.2% |
| Trade debts | 44 | €14,565 | €32,788 | +€18,223 | +125% |
| Suppliers | 440/4 | €14,565 | €32,788 | +€18,223 | +125% |
| Taxes, remuneration and social security | 45 | €8,840 | €9,100 | +€260 | +2.9% |
| Remuneration and social security | 454/9 | €8,840 | €9,100 | +€260 | +2.9% |
| Other amounts payable | 47/48 | €530 | €267 | -€262 | -49.5% |
| Remuneration, social security and pensions | 62 | €76,606 | €77,956 | +€1,350 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,200 | €27,464 | -€3,736 | -12.0% |
| Other operating charges | 640/8 | €7,515 | €8,112 | +€597 | +7.9% |
| Gross operating margin | 9900 | €185,989 | €129,258 | -€56,731 | -30.5% |
| Operating profit (loss) | 9901 | €70,668 | €15,726 | -€54,942 | -77.7% |
| Financial income | 75/76B | €209 | €320 | +€111 | +53.2% |
| Recurring financial income | 75 | €209 | €320 | +€111 | +53.2% |
| Financial charges | 65/66B | €409 | €240 | -€170 | -41.4% |
| Recurring financial charges | 65 | €409 | €240 | -€170 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €70,468 | €15,807 | -€54,661 | -77.6% |
| Income taxes | 67/77 | €15,580 | €4,495 | -€11,085 | -71.1% |
| Profit (loss) for the period | 9904 | €54,887 | €11,312 | -€43,576 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,887 | €11,312 | -€43,576 | -79.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.