Het Sterreke: 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.
Het Sterreke
Largest movements
- Cash +€39,746
up €39,746 (+39.0%), from €101,880 to €141,625
mainly Other debts (+€83,571) and Net result for the year (+€31,753)
- Tangible fixed assets -€22,795
down €22,795 (-22.8%), from €99,918 to €77,124
- Other debts +€83,571
up €83,571 (+170,727%), from €49 to €83,620
- Reserves -€49,054
down €49,054 (-33.2%), from €147,850 to €98,797
- Debts after one year -€11,146
down €11,146 (-57.3%), from €19,456 to €8,311
- Current portion of long-term debt -€5,710
down €5,710 (-33.9%), from €16,856 to €11,146
- Trade debts -€2,358
down €2,358 (-41.6%), from €5,664 to €3,306
- Depreciation +€4,737
up €4,737 (+26.2%), from €18,057 to €22,795
- Gross operating margin +€4,516
up €4,516 (+6.1%), from €74,099 to €78,615
- Financial charges -€1,141
down €1,141 (-14.6%), from €7,822 to €6,680
- Taxes +€877
up €877 (+5.8%), from €14,997 to €15,874
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 | €213,362 | €228,799 | +€15,437 | +7.2% |
| Fixed assets | 21/28 | €99,918 | €77,124 | -€22,795 | -22.8% |
| Tangible fixed assets | 22/27 | €99,918 | €77,124 | -€22,795 | -22.8% |
| Land and buildings | 22 | €37,271 | €29,055 | -€8,216 | -22.0% |
| Plant, machinery and equipment | 23 | €41,988 | €31,677 | -€10,311 | -24.6% |
| Leasing and similar rights | 25 | €20,659 | €16,392 | -€4,267 | -20.7% |
| Current assets | 29/58 | €113,444 | €151,675 | +€38,231 | +33.7% |
| Stocks and contracts in progress | 3 | €3,062 | €3,558 | +€495 | +16.2% |
| Stocks | 30/36 | €3,062 | €3,558 | +€495 | +16.2% |
| Amounts receivable within one year | 40/41 | €5,398 | €3,371 | -€2,027 | -37.6% |
| Trade receivables | 40 | €1,058 | €1,070 | +€12 | +1.1% |
| Other amounts receivable | 41 | €4,340 | €2,301 | -€2,039 | -47.0% |
| Cash at bank and in hand | 54/58 | €101,880 | €141,625 | +€39,746 | +39.0% |
| Deferred charges and accrued income | 490/1 | €3,104 | €3,122 | +€18 | +0.6% |
| Total equity and liabilities | 10/49 | €213,362 | €228,799 | +€15,437 | +7.2% |
| Equity | 10/15 | €166,450 | €117,397 | -€49,054 | -29.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,850 | €98,797 | -€49,054 | -33.2% |
| Distributable reserves | 133 | €147,850 | €98,797 | -€49,054 | -33.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €46,912 | €111,402 | +€64,491 | +137% |
| Amounts payable after more than one year | 17 | €19,456 | €8,311 | -€11,146 | -57.3% |
| Financial debts | 170/4 | €19,456 | €8,311 | -€11,146 | -57.3% |
| Amounts payable within one year | 42/48 | €27,456 | €103,092 | +€75,636 | +275% |
| Current portion of amounts payable after more than one year | 42 | €16,856 | €11,146 | -€5,710 | -33.9% |
| Trade debts | 44 | €5,664 | €3,306 | -€2,358 | -41.6% |
| Suppliers | 440/4 | €5,664 | €3,306 | -€2,358 | -41.6% |
| Taxes, remuneration and social security | 45 | €4,887 | €5,020 | +€133 | +2.7% |
| Taxes | 450/3 | €4,887 | €5,020 | +€133 | +2.7% |
| Other amounts payable | 47/48 | €49 | €83,620 | +€83,571 | +170,727% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€174 | -€187 | -€13 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,057 | €22,795 | +€4,737 | +26.2% |
| Other operating charges | 640/8 | €1,655 | €1,703 | +€48 | +2.9% |
| Gross operating margin | 9900 | €74,099 | €78,615 | +€4,516 | +6.1% |
| Operating profit (loss) | 9901 | €54,560 | €54,304 | -€256 | -0.5% |
| Financial income | 75/76B | €0 | €4 | +€4 | |
| Recurring financial income | 75 | €0 | €4 | +€4 | |
| Financial charges | 65/66B | €7,822 | €6,680 | -€1,141 | -14.6% |
| Recurring financial charges | 65 | €7,822 | €6,680 | -€1,141 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €46,739 | €47,628 | +€889 | +1.9% |
| Income taxes | 67/77 | €14,997 | €15,874 | +€877 | +5.8% |
| Profit (loss) for the period | 9904 | €31,741 | €31,753 | +€12 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,741 | €31,753 | +€12 | 0.0% |
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 28 October 2026 via checked.be.