DE STERREN: 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.
DE STERREN
Largest movements
- Tangible fixed assets +€19,124
up €19,124 (+34.3%), from €55,789 to €74,913
of which Land and buildings: +€23,170
- Cash -€8,365
down €8,365 (-17.6%), from €47,480 to €39,115
mainly Investment in fixed assets (net) (-€42,375) and Contributions, distributions and other (-€25,001)
- Receivables within one year -€1,272
down €1,272 (-69.4%), from €1,833 to €561
- Reserves +€13,225
up €13,225 (+21.2%), from €62,475 to €75,700
- Debts after one year -€5,064
down €5,064 (-47.2%), from €10,735 to €5,671
- Tax, wage and social debts +€3,724
up €3,724 (+3,766%), from €99 to €3,823
- Other debts -€2,266
down €2,266 (-13.8%), from €16,366 to €14,100
- Gross operating margin +€8,592
up €8,592 (+11.1%), from €77,410 to €86,002
- Depreciation +€5,211
up €5,211 (+28.9%), from €18,040 to €23,251
- Taxes +€3,608
up €3,608 (+20.4%), from €17,653 to €21,261
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.
Derived cash bridge
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 | €106,979 | €116,758 | +€9,779 | +9.1% |
| Fixed assets | 21/28 | €55,789 | €74,913 | +€19,124 | +34.3% |
| Tangible fixed assets | 22/27 | €55,789 | €74,913 | +€19,124 | +34.3% |
| Land and buildings | 22 | €10,065 | €33,235 | +€23,170 | +230% |
| Plant, machinery and equipment | 23 | €7,296 | €10,006 | +€2,710 | +37.1% |
| Furniture and vehicles | 24 | €36,850 | €31,010 | -€5,840 | -15.8% |
| Other tangible fixed assets | 26 | €1,578 | €662 | -€916 | -58.1% |
| Current assets | 29/58 | €51,190 | €41,845 | -€9,345 | -18.3% |
| Amounts receivable within one year | 40/41 | €1,833 | €561 | -€1,272 | -69.4% |
| Other amounts receivable | 41 | €1,833 | €561 | -€1,272 | -69.4% |
| Cash at bank and in hand | 54/58 | €47,480 | €39,115 | -€8,365 | -17.6% |
| Deferred charges and accrued income | 490/1 | €1,877 | €2,169 | +€292 | +15.6% |
| Total equity and liabilities | 10/49 | €106,979 | €116,758 | +€9,779 | +9.1% |
| Equity | 10/15 | €74,875 | €88,100 | +€13,225 | +17.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €62,475 | €75,700 | +€13,225 | +21.2% |
| Distributable reserves | 133 | €62,475 | €75,700 | +€13,225 | +21.2% |
| Amounts payable | 17/49 | €32,104 | €28,658 | -€3,446 | -10.7% |
| Amounts payable after more than one year | 17 | €10,735 | €5,671 | -€5,064 | -47.2% |
| Financial debts | 170/4 | €10,735 | €5,671 | -€5,064 | -47.2% |
| Amounts payable within one year | 42/48 | €21,369 | €22,987 | +€1,618 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €4,905 | €5,064 | +€159 | +3.2% |
| Taxes, remuneration and social security | 45 | €99 | €3,823 | +€3,724 | +3,766% |
| Taxes | 450/3 | €99 | €3,823 | +€3,724 | +3,766% |
| Other amounts payable | 47/48 | €16,366 | €14,100 | -€2,266 | -13.8% |
| Non-recurring operating income | 76A | €16,000 | - | -€16,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,040 | €23,251 | +€5,211 | +28.9% |
| Other operating charges | 640/8 | €2,489 | €2,519 | +€30 | +1.2% |
| Gross operating margin | 9900 | €77,410 | €86,002 | +€8,592 | +11.1% |
| Operating profit (loss) | 9901 | €56,881 | €60,232 | +€3,351 | +5.9% |
| Financial income | 75/76B | €180 | €134 | -€46 | -25.4% |
| Recurring financial income | 75 | €180 | €134 | -€46 | -25.4% |
| Financial charges | 65/66B | €924 | €879 | -€45 | -4.8% |
| Recurring financial charges | 65 | €924 | €879 | -€45 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €56,136 | €59,487 | +€3,351 | +6.0% |
| Income taxes | 67/77 | €17,653 | €21,261 | +€3,608 | +20.4% |
| Profit (loss) for the period | 9904 | €38,484 | €38,226 | -€258 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,484 | €38,226 | -€258 | -0.7% |
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 14 October 2026 via checked.be.