STRAEC: what changed
STRAEC
Largest movements
- Cash +€28,449
up €28,449 (+71.8%), from €39,650 to €68,100
mainly Net result for the year (+€24,102) and Depreciation (+€11,555)
- Tangible fixed assets -€9,593
down €9,593 (-22.1%), from €43,317 to €33,724
of which Furniture and vehicles: -€7,373
- Reserves +€24,102
up €24,102 (+65.6%), from €36,716 to €60,817
- Debts after one year -€8,477
down €8,477 (-75.3%), from €11,250 to €2,774
- Other debts +€2,673
up €2,673 (+10.3%), from €25,906 to €28,578
- Gross operating margin -€3,147
down €3,147 (-6.3%), from €50,038 to €46,891
- Financial charges +€1,892
up €1,892 (+111%), from €1,704 to €3,596
- Depreciation +€1,306
up €1,306 (+12.7%), from €10,250 to €11,555
- Taxes -€1,271
down €1,271 (-15.2%), from €8,333 to €7,063
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 | €94,082 | €112,929 | +€18,847 | +20.0% |
| Fixed assets | 21/28 | €43,317 | €33,724 | -€9,593 | -22.1% |
| Tangible fixed assets | 22/27 | €43,317 | €33,724 | -€9,593 | -22.1% |
| Plant, machinery and equipment | 23 | €9,440 | €7,219 | -€2,220 | -23.5% |
| Furniture and vehicles | 24 | €33,877 | €26,504 | -€7,373 | -21.8% |
| Current assets | 29/58 | €50,765 | €79,205 | +€28,441 | +56.0% |
| Amounts receivable within one year | 40/41 | €11,114 | €11,106 | -€9 | -0.1% |
| Trade receivables | 40 | €8,447 | €8,168 | -€279 | -3.3% |
| Other amounts receivable | 41 | €2,667 | €2,937 | +€271 | +10.1% |
| Cash at bank and in hand | 54/58 | €39,650 | €68,100 | +€28,449 | +71.8% |
| Total equity and liabilities | 10/49 | €94,082 | €112,929 | +€18,847 | +20.0% |
| Equity | 10/15 | €41,716 | €65,817 | +€24,102 | +57.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,716 | €60,817 | +€24,102 | +65.6% |
| Distributable reserves | 133 | €36,716 | €60,817 | +€24,102 | +65.6% |
| Amounts payable | 17/49 | €52,366 | €47,112 | -€5,254 | -10.0% |
| Amounts payable after more than one year | 17 | €11,250 | €2,774 | -€8,477 | -75.3% |
| Financial debts | 170/4 | €11,250 | €2,774 | -€8,477 | -75.3% |
| Amounts payable within one year | 42/48 | €41,116 | €44,338 | +€3,222 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €8,713 | €8,477 | -€237 | -2.7% |
| Trade debts | 44 | €901 | €799 | -€102 | -11.4% |
| Suppliers | 440/4 | €901 | €799 | -€102 | -11.4% |
| Taxes, remuneration and social security | 45 | €5,595 | €6,484 | +€889 | +15.9% |
| Taxes | 450/3 | €5,595 | €6,484 | +€889 | +15.9% |
| Other amounts payable | 47/48 | €25,906 | €28,578 | +€2,673 | +10.3% |
| Remuneration, social security and pensions | 62 | €42 | €74 | +€32 | +76.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,250 | €11,555 | +€1,306 | +12.7% |
| Other operating charges | 640/8 | €679 | €770 | +€91 | +13.5% |
| Gross operating margin | 9900 | €50,038 | €46,891 | -€3,147 | -6.3% |
| Operating profit (loss) | 9901 | €39,068 | €34,491 | -€4,576 | -11.7% |
| Financial income | 75/76B | €67 | €269 | +€202 | +301% |
| Recurring financial income | 75 | €67 | €269 | +€202 | +301% |
| Financial charges | 65/66B | €1,704 | €3,596 | +€1,892 | +111% |
| Recurring financial charges | 65 | €1,704 | €3,596 | +€1,892 | +111% |
| Profit (loss) for the period before taxes | 9903 | €37,430 | €31,164 | -€6,266 | -16.7% |
| Income taxes | 67/77 | €8,333 | €7,063 | -€1,271 | -15.2% |
| Profit (loss) for the period | 9904 | €29,097 | €24,102 | -€4,996 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €29,097 | €24,102 | -€4,996 | -17.2% |
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.