HANS STERCK: 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.
HANS STERCK
Largest movements
- Cash +€118,247
up €118,247 (+30.7%), from €385,017 to €503,263
mainly Other debts (+€562,642) and Receivables within one year (+€77,134)
- Receivables within one year -€77,134
down €77,134 (-8.3%), from €931,258 to €854,125
of which Other amounts receivable: -€98,526
- Current investments -€20,000
down €20,000 (-16.7%), from €120,000 to €100,000
- Other debts +€562,642
up €562,642, from €0 to €562,642
- Reserves -€522,470
down €522,470 (-28.0%), from €1.9m to €1.3m
- Gross operating margin -€74,057
down €74,057 (-47.3%), from €156,725 to €82,668
- Financial income +€18,543
up €18,543 (+769%), from €2,412 to €20,956
- Taxes -€18,409
down €18,409 (-39.3%), from €46,802 to €28,393
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 | €1,925,257 | €1,946,906 | +€21,648 | +1.1% |
| Fixed assets | 21/28 | €488,472 | €488,988 | +€516 | +0.1% |
| Tangible fixed assets | 22/27 | €1,160 | €1,677 | +€516 | +44.5% |
| Furniture and vehicles | 24 | €1,160 | €1,677 | +€516 | +44.5% |
| Financial fixed assets | 28 | €487,312 | €487,312 | = | 0.0% |
| Current assets | 29/58 | €1,436,786 | €1,457,918 | +€21,132 | +1.5% |
| Amounts receivable within one year | 40/41 | €931,258 | €854,125 | -€77,134 | -8.3% |
| Trade receivables | 40 | €31,697 | €53,089 | +€21,392 | +67.5% |
| Other amounts receivable | 41 | €899,562 | €801,036 | -€98,526 | -11.0% |
| Current investments | 50/53 | €120,000 | €100,000 | -€20,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €385,017 | €503,263 | +€118,247 | +30.7% |
| Deferred charges and accrued income | 490/1 | €511 | €529 | +€19 | +3.7% |
| Total equity and liabilities | 10/49 | €1,925,257 | €1,946,906 | +€21,648 | +1.1% |
| Equity | 10/15 | €1,885,002 | €1,362,533 | -€522,470 | -27.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,866,452 | €1,343,983 | -€522,470 | -28.0% |
| Distributable reserves | 133 | €1,866,452 | €1,343,983 | -€522,470 | -28.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €40,255 | €584,373 | +€544,118 | +1,352% |
| Amounts payable within one year | 42/48 | €40,255 | €584,373 | +€544,118 | +1,352% |
| Trade debts | 44 | €4,345 | €246 | -€4,099 | -94.3% |
| Suppliers | 440/4 | €4,345 | €246 | -€4,099 | -94.3% |
| Taxes, remuneration and social security | 45 | €35,910 | €21,485 | -€14,425 | -40.2% |
| Taxes | 450/3 | €32,580 | €11,494 | -€21,086 | -64.7% |
| Remuneration and social security | 454/9 | €3,330 | €9,991 | +€6,661 | +200% |
| Other amounts payable | 47/48 | €0 | €562,642 | +€562,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €338 | €475 | +€137 | +40.5% |
| Other operating charges | 640/8 | €825 | €896 | +€71 | +8.6% |
| Gross operating margin | 9900 | €156,725 | €82,668 | -€74,057 | -47.3% |
| Operating profit (loss) | 9901 | €155,562 | €81,298 | -€74,265 | -47.7% |
| Financial income | 75/76B | €2,412 | €20,956 | +€18,543 | +769% |
| Recurring financial income | 75 | €2,412 | €20,956 | +€18,543 | +769% |
| Financial charges | 65/66B | €194 | €400 | +€206 | +106% |
| Recurring financial charges | 65 | €194 | €400 | +€206 | +106% |
| Profit (loss) for the period before taxes | 9903 | €157,781 | €101,854 | -€55,927 | -35.4% |
| Income taxes | 67/77 | €46,802 | €28,393 | -€18,409 | -39.3% |
| Profit (loss) for the period | 9904 | €110,979 | €73,461 | -€37,518 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €110,979 | €73,461 | -€37,518 | -33.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.