DE STER: what changed
Two fiscal 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.
DE STER
Largest movements
- Cash +€76,185
up €76,185 (+68.9%), from €110,635 to €186,820
mainly Net result for the year (+€70,915) and Trade debts (+€9,380)
- Receivables within one year +€8,903
up €8,903 (+40.7%), from €21,892 to €30,796
of which Other amounts receivable: +€11,616
- Tangible fixed assets -€4,167
down €4,167 (-19.7%), from €21,177 to €17,010
of which Plant, machinery and equipment: -€2,338
- Reserves +€70,500
up €70,500 (+28.8%), from €244,940 to €315,440
- Trade debts +€9,380
up €9,380 (+96.0%), from €9,768 to €19,148
- Tax, wage and social debts +€4,947
up €4,947 (+19.4%), from €25,493 to €30,440
of which Taxes: +€5,170
- Gross operating margin +€37,330
up €37,330 (+23.8%), from €156,573 to €193,902
- Taxes +€8,957
up €8,957 (+44.4%), from €20,193 to €29,150
- Staff costs +€6,949
up €6,949 (+9.0%), from €77,070 to €84,018
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 | €294,343 | €376,884 | +€82,540 | +28.0% |
| Fixed assets | 21/28 | €21,177 | €17,010 | -€4,167 | -19.7% |
| Tangible fixed assets | 22/27 | €21,177 | €17,010 | -€4,167 | -19.7% |
| Plant, machinery and equipment | 23 | €15,369 | €13,031 | -€2,338 | -15.2% |
| Furniture and vehicles | 24 | €5,808 | €3,980 | -€1,829 | -31.5% |
| Current assets | 29/58 | €273,166 | €359,873 | +€86,707 | +31.7% |
| Amounts receivable after more than one year | 29 | €130,000 | €130,000 | = | 0.0% |
| Other amounts receivable | 291 | €130,000 | €130,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,964 | €3,964 | = | 0.0% |
| Stocks | 30/36 | €3,964 | €3,964 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,892 | €30,796 | +€8,903 | +40.7% |
| Trade receivables | 40 | €6,118 | €3,406 | -€2,713 | -44.3% |
| Other amounts receivable | 41 | €15,774 | €27,390 | +€11,616 | +73.6% |
| Cash at bank and in hand | 54/58 | €110,635 | €186,820 | +€76,185 | +68.9% |
| Deferred charges and accrued income | 490/1 | €6,675 | €8,294 | +€1,618 | +24.2% |
| Total equity and liabilities | 10/49 | €294,343 | €376,884 | +€82,540 | +28.0% |
| Equity | 10/15 | €252,939 | €323,854 | +€70,915 | +28.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €244,940 | €315,440 | +€70,500 | +28.8% |
| Distributable reserves | 133 | €244,940 | €315,440 | +€70,500 | +28.8% |
| Profit (loss) carried forward | 14 | €1,799 | €2,213 | +€415 | +23.1% |
| Amounts payable | 17/49 | €41,405 | €53,030 | +€11,625 | +28.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €37,623 | €51,396 | +€13,773 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €772 | €0 | -€772 | -100.0% |
| Trade debts | 44 | €9,768 | €19,148 | +€9,380 | +96.0% |
| Suppliers | 440/4 | €9,768 | €19,148 | +€9,380 | +96.0% |
| Advances received on contracts in progress | 46 | €1,590 | €1,809 | +€218 | +13.7% |
| Taxes, remuneration and social security | 45 | €25,493 | €30,440 | +€4,947 | +19.4% |
| Taxes | 450/3 | €13,675 | €18,846 | +€5,170 | +37.8% |
| Remuneration and social security | 454/9 | €11,818 | €11,595 | -€223 | -1.9% |
| Accrued charges and deferred income | 492/3 | €3,781 | €1,634 | -€2,148 | -56.8% |
| Remuneration, social security and pensions | 62 | €77,070 | €84,018 | +€6,949 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,852 | €6,620 | -€232 | -3.4% |
| Other operating charges | 640/8 | €5,987 | €5,044 | -€943 | -15.8% |
| Gross operating margin | 9900 | €156,573 | €193,902 | +€37,330 | +23.8% |
| Operating profit (loss) | 9901 | €66,664 | €98,220 | +€31,556 | +47.3% |
| Financial income | 75/76B | €3,474 | €4,045 | +€571 | +16.4% |
| Recurring financial income | 75 | €3,474 | €4,045 | +€571 | +16.4% |
| Financial charges | 65/66B | €2,444 | €2,200 | -€245 | -10.0% |
| Recurring financial charges | 65 | €2,444 | €2,200 | -€245 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €67,694 | €100,065 | +€32,371 | +47.8% |
| Income taxes | 67/77 | €20,193 | €29,150 | +€8,957 | +44.4% |
| Profit (loss) for the period | 9904 | €47,501 | €70,915 | +€23,414 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,501 | €70,915 | +€23,414 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.