STRATICS: what changed
STRATICS
Largest movements
- Receivables within one year -€114,374
down €114,374 (-39.1%), from €292,394 to €178,020
of which Trade receivables: -€100,170
- Tangible fixed assets -€65,987
down €65,987 (-24.4%), from €270,281 to €204,294
of which Plant, machinery and equipment: -€40,213
- Intangible fixed assets -€57,333
down €57,333 (-22.8%), from €251,500 to €194,166
- Cash +€9,802
up €9,802 (+25.8%), from €37,936 to €47,738
mainly Depreciation (+€123,795) and Receivables within one year (+€114,374)
- Current portion of long-term debt -€107,718
down €107,718 (-57.5%), from €187,459 to €79,741
- Debts after one year -€79,741
down €79,741 (-45.6%), from €174,722 to €94,981
- Tax, wage and social debts -€21,946
down €21,946 (-26.1%), from €84,104 to €62,157
of which Remuneration and social security: -€28,757
- Trade debts -€16,400
down €16,400 (-23.2%), from €70,771 to €54,371
- Staff costs -€414,500
down €414,500 (-45.6%), from €908,677 to €494,177
- Gross operating margin -€397,116
down €397,116 (-37.6%), from €1.1m to €658,952
- Depreciation +€12,986
up €12,986 (+11.7%), from €110,809 to €123,795
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 | €853,870 | €625,978 | -€227,892 | -26.7% |
| Fixed assets | 21/28 | €522,385 | €399,065 | -€123,320 | -23.6% |
| Intangible fixed assets | 21 | €251,500 | €194,166 | -€57,333 | -22.8% |
| Tangible fixed assets | 22/27 | €270,281 | €204,294 | -€65,987 | -24.4% |
| Land and buildings | 22 | €13,126 | €12,116 | -€1,010 | -7.7% |
| Plant, machinery and equipment | 23 | €126,914 | €86,701 | -€40,213 | -31.7% |
| Furniture and vehicles | 24 | €130,241 | €105,477 | -€24,764 | -19.0% |
| Financial fixed assets | 28 | €605 | €605 | = | 0.0% |
| Current assets | 29/58 | €331,485 | €226,913 | -€104,572 | -31.5% |
| Amounts receivable within one year | 40/41 | €292,394 | €178,020 | -€114,374 | -39.1% |
| Trade receivables | 40 | €278,190 | €178,020 | -€100,170 | -36.0% |
| Other amounts receivable | 41 | €14,204 | - | -€14,204 | |
| Cash at bank and in hand | 54/58 | €37,936 | €47,738 | +€9,802 | +25.8% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,155 | = | 0.0% |
| Total equity and liabilities | 10/49 | €853,870 | €625,978 | -€227,892 | -26.7% |
| Equity | 10/15 | €109,669 | €113,620 | +€3,950 | +3.6% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,809 | €93,760 | +€3,950 | +4.4% |
| Amounts payable | 17/49 | €744,201 | €512,359 | -€231,843 | -31.2% |
| Amounts payable after more than one year | 17 | €174,722 | €94,981 | -€79,741 | -45.6% |
| Financial debts | 170/4 | €174,722 | €94,981 | -€79,741 | -45.6% |
| Amounts payable within one year | 42/48 | €567,334 | €417,222 | -€150,112 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €187,459 | €79,741 | -€107,718 | -57.5% |
| Financial debts | 43 | €225,000 | €220,953 | -€4,047 | -1.8% |
| Credit institutions | 430/8 | €225,000 | €175,000 | -€50,000 | -22.2% |
| Other loans | 439 | - | €45,953 | +€45,953 | |
| Trade debts | 44 | €70,771 | €54,371 | -€16,400 | -23.2% |
| Suppliers | 440/4 | €70,771 | €54,371 | -€16,400 | -23.2% |
| Taxes, remuneration and social security | 45 | €84,104 | €62,157 | -€21,946 | -26.1% |
| Taxes | 450/3 | - | €6,811 | +€6,811 | |
| Remuneration and social security | 454/9 | €84,104 | €55,347 | -€28,757 | -34.2% |
| Accrued charges and deferred income | 492/3 | €2,145 | €156 | -€1,989 | -92.7% |
| Non-recurring operating income | 76A | €30,032 | - | -€30,032 | |
| Remuneration, social security and pensions | 62 | €908,677 | €494,177 | -€414,500 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,809 | €123,795 | +€12,986 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,075 | +€1,075 | |
| Other operating charges | 640/8 | €6,484 | €6,686 | +€202 | +3.1% |
| Gross operating margin | 9900 | €1,056,068 | €658,952 | -€397,116 | -37.6% |
| Operating profit (loss) | 9901 | €30,098 | €33,219 | +€3,122 | +10.4% |
| Financial income | 75/76B | €4,083 | - | -€4,083 | |
| Recurring financial income | 75 | €4,083 | - | -€4,083 | |
| Financial charges | 65/66B | €28,303 | €22,458 | -€5,845 | -20.7% |
| Recurring financial charges | 65 | €28,303 | €22,458 | -€5,845 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €5,877 | €10,761 | +€4,884 | +83.1% |
| Income taxes | 67/77 | €5,796 | €6,811 | +€1,015 | +17.5% |
| Profit (loss) for the period | 9904 | €81 | €3,950 | +€3,869 | +4,753% |
| Profit (loss) for the period to be appropriated | 9905 | €81 | €3,950 | +€3,869 | +4,753% |
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 2 November 2026 via checked.be.