VAN STRAETEN: 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.
VAN STRAETEN
Largest movements
- Receivables within one year +€477,033
up €477,033 (+434.9%), from €109,691 to €586,724
of which Trade receivables: +€309,569
- Cash +€47,911
up €47,911 (+91.2%), from €52,547 to €100,457
mainly Current portion of long-term debt (+€106,742) and Debts after one year (+€105,503)
- Stocks and contracts -€39,411
down €39,411 (-2.1%), from €1.8m to €1.8m
- Current portion of long-term debt +€106,742
up €106,742 (+180.3%), from €59,217 to €165,959
- Debts after one year +€105,503
up €105,503 (+59.1%), from €178,610 to €284,113
- Short-term financial debts +€104,000
up €104,000 (+17.4%), from €596,000 to €700,000
- Reserves +€96,181
up €96,181 (+12.7%), from €760,028 to €856,209
of which Distributable reserves: +€96,181
- Trade debts +€72,397
up €72,397 (+12.9%), from €562,518 to €634,915
- Gross operating margin -€146,318
down €146,318 (-25.5%), from €573,223 to €426,904
- Taxes -€41,685
down €41,685 (-54.4%), from €76,688 to €35,002
- Financial charges +€20,342
up €20,342 (+46.7%), from €43,596 to €63,937
- Write-downs -€16,560
down €16,560 (-100.0%), from €16,560 to €0
- Other operating charges +€8,365
up €8,365 (+93.4%), from €8,958 to €17,323
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 | €2,212,561 | €2,691,077 | +€478,516 | +21.6% |
| Fixed assets | 21/28 | €201,995 | €195,385 | -€6,610 | -3.3% |
| Intangible fixed assets | 21 | €3,328 | €2,429 | -€899 | -27.0% |
| Tangible fixed assets | 22/27 | €198,667 | €192,956 | -€5,711 | -2.9% |
| Land and buildings | 22 | €158,567 | €157,502 | -€1,065 | -0.7% |
| Plant, machinery and equipment | 23 | €19,940 | €15,609 | -€4,331 | -21.7% |
| Furniture and vehicles | 24 | €20,160 | €19,845 | -€315 | -1.6% |
| Current assets | 29/58 | €2,010,566 | €2,495,692 | +€485,126 | +24.1% |
| Stocks and contracts in progress | 3 | €1,839,587 | €1,800,176 | -€39,411 | -2.1% |
| Stocks | 30/36 | €1,839,587 | €1,800,176 | -€39,411 | -2.1% |
| Amounts receivable within one year | 40/41 | €109,691 | €586,724 | +€477,033 | +434.9% |
| Trade receivables | 40 | €19,154 | €328,723 | +€309,569 | +1616.2% |
| Other amounts receivable | 41 | €90,537 | €258,001 | +€167,464 | +185.0% |
| Cash at bank and in hand | 54/58 | €52,547 | €100,457 | +€47,911 | +91.2% |
| Deferred charges and accrued income | 490/1 | €8,741 | €8,334 | -€407 | -4.7% |
| Total equity and liabilities | 10/49 | €2,212,561 | €2,691,077 | +€478,516 | +21.6% |
| Equity | 10/15 | €778,628 | €874,809 | +€96,181 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €760,028 | €856,209 | +€96,181 | +12.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €758,168 | €854,349 | +€96,181 | +12.7% |
| Amounts payable | 17/49 | €1,433,933 | €1,816,268 | +€382,336 | +26.7% |
| Amounts payable after more than one year | 17 | €178,610 | €284,113 | +€105,503 | +59.1% |
| Financial debts | 170/4 | €178,610 | €284,113 | +€105,503 | +59.1% |
| Amounts payable within one year | 42/48 | €1,245,149 | €1,514,560 | +€269,412 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €59,217 | €165,959 | +€106,742 | +180.3% |
| Financial debts | 43 | €596,000 | €700,000 | +€104,000 | +17.4% |
| Credit institutions | 430/8 | €596,000 | €700,000 | +€104,000 | +17.4% |
| Trade debts | 44 | €562,518 | €634,915 | +€72,397 | +12.9% |
| Suppliers | 440/4 | €562,518 | €634,915 | +€72,397 | +12.9% |
| Taxes, remuneration and social security | 45 | €27,414 | €13,686 | -€13,727 | -50.1% |
| Taxes | 450/3 | €4,737 | €1,665 | -€3,073 | -64.9% |
| Remuneration and social security | 454/9 | €22,676 | €12,022 | -€10,655 | -47.0% |
| Accrued charges and deferred income | 492/3 | €10,174 | €17,595 | +€7,421 | +72.9% |
| Remuneration, social security and pensions | 62 | €190,505 | €196,426 | +€5,921 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,295 | €31,252 | +€1,958 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,560 | €0 | -€16,560 | -100.0% |
| Other operating charges | 640/8 | €8,958 | €17,323 | +€8,365 | +93.4% |
| Gross operating margin | 9900 | €573,223 | €426,904 | -€146,318 | -25.5% |
| Operating profit (loss) | 9901 | €327,906 | €181,904 | -€146,002 | -44.5% |
| Financial income | 75/76B | €12,867 | €13,217 | +€350 | +2.7% |
| Recurring financial income | 75 | €12,867 | €13,217 | +€350 | +2.7% |
| Financial charges | 65/66B | €43,596 | €63,937 | +€20,342 | +46.7% |
| Recurring financial charges | 65 | €43,596 | €63,937 | +€20,342 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €297,177 | €131,183 | -€165,994 | -55.9% |
| Income taxes | 67/77 | €76,688 | €35,002 | -€41,685 | -54.4% |
| Profit (loss) for the period | 9904 | €220,489 | €96,181 | -€124,309 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €220,489 | €96,181 | -€124,309 | -56.4% |
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 12 October 2026 via checked.be.