MARC STERCKX: what changed
What changed
MARC STERCKX
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
-€3,812
2024 · €4,130-€7,942
Equity
€39,908
2024 · €46,789-€6,881
Cash
€19,727
2024 · €18,968+€759
Balance sheet total
€64,743
2024 · €80,608-€15,866
Largest movements
Assets
- Deferred charges and accrued income -€6,787
down €6,787 (-32.9%), from €20,629 to €13,842
- Tangible fixed assets -€4,067
down €4,067 (-16.5%), from €24,582 to €20,514
of which Furniture and vehicles: -€4,855
- Stocks and contracts -€3,417
down €3,417 (-91.6%), from €3,729 to €312
- Receivables within one year -€2,353
down €2,353 (-18.5%), from €12,701 to €10,348
of which Trade receivables: -€2,076
Equity and liabilities
- Debts after one year -€4,391
down €4,391 (-26.5%), from €16,570 to €12,178
- Profit (loss) carried forward -€3,812
down €3,812, from €0 to -€3,812
- Other debts -€3,326
down €3,326 (-31.9%), from €10,437 to €7,111
- Reserves -€3,070
down €3,070 (-7.6%), from €40,589 to €37,519
- Accrued charges and deferred income -€945
down €945 (-100%), from €945 to €0
Income statement
- Gross operating margin -€8,282
down €8,282 (-69.0%), from €11,997 to €3,716
- Depreciation +€2,249
up €2,249 (+63.5%), from €3,544 to €5,792
- Taxes -€2,017
down €2,017 (-91.3%), from €2,209 to €192
- Financial charges -€846
down €846 (-44.3%), from €1,910 to €1,065
- Financial income -€424
down €424 (-46.3%), from €915 to €492
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.
Result 2024
€4,130
Gross operating margin
-€8,282
Depreciation
-€2,249
Write-downs
+€271
Other operating charges
-€121
Financial income
-€424
Financial charges
+€846
Taxes
+€2,017
Result 2025
-€3,812
raises the resultlowers the result
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.
From operations
+€9,775
Investment
-€1,725
Financing
-€7,291
Cash 2024
€18,968
From operations (derived)
+€9,775
Net result for the year
-€3,812
Depreciation
+€5,792
Stocks and contracts
+€3,417
Receivables within one year
+€2,353
Deferred charges and accrued income
+€6,787
Trade debts
-€491
Other debts
-€3,326
Accrued charges and deferred income
-€945
Investment (derived)
-€1,725
Investment in fixed assets (net)
-€1,725
Financing
-€7,291
Debts after one year
-€4,391
Current portion of long-term debt
+€170
Contributions, distributions and other
-€3,070
Cash 2025
€19,727
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €80,608 | €64,743 | -€15,866 | -19.7% |
| Fixed assets | 21/28 | €24,582 | €20,514 | -€4,067 | -16.5% |
| Tangible fixed assets | 22/27 | €24,582 | €20,514 | -€4,067 | -16.5% |
| Land and buildings | 22 | - | €1,514 | +€1,514 | |
| Plant, machinery and equipment | 23 | €2,586 | €1,859 | -€726 | -28.1% |
| Furniture and vehicles | 24 | €21,996 | €17,141 | -€4,855 | -22.1% |
| Current assets | 29/58 | €56,027 | €44,229 | -€11,798 | -21.1% |
| Stocks and contracts in progress | 3 | €3,729 | €312 | -€3,417 | -91.6% |
| Stocks | 30/36 | €3,729 | €312 | -€3,417 | -91.6% |
| Amounts receivable within one year | 40/41 | €12,701 | €10,348 | -€2,353 | -18.5% |
| Trade receivables | 40 | €4,193 | €2,117 | -€2,076 | -49.5% |
| Other amounts receivable | 41 | €8,508 | €8,231 | -€277 | -3.3% |
| Cash at bank and in hand | 54/58 | €18,968 | €19,727 | +€759 | +4.0% |
| Deferred charges and accrued income | 490/1 | €20,629 | €13,842 | -€6,787 | -32.9% |
| Total equity and liabilities | 10/49 | €80,608 | €64,743 | -€15,866 | -19.7% |
| Equity | 10/15 | €46,789 | €39,908 | -€6,881 | -14.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,589 | €37,519 | -€3,070 | -7.6% |
| Distributable reserves | 133 | €40,589 | €37,519 | -€3,070 | -7.6% |
| Profit (loss) carried forward | 14 | €0 | -€3,812 | -€3,812 | |
| Amounts payable | 17/49 | €33,819 | €24,835 | -€8,984 | -26.6% |
| Amounts payable after more than one year | 17 | €16,570 | €12,178 | -€4,391 | -26.5% |
| Financial debts | 170/4 | €16,570 | €12,178 | -€4,391 | -26.5% |
| Amounts payable within one year | 42/48 | €16,304 | €12,657 | -€3,648 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €4,221 | €4,391 | +€170 | +4.0% |
| Trade debts | 44 | €1,646 | €1,155 | -€491 | -29.8% |
| Suppliers | 440/4 | €1,646 | €1,155 | -€491 | -29.8% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,437 | €7,111 | -€3,326 | -31.9% |
| Accrued charges and deferred income | 492/3 | €945 | €0 | -€945 | -100% |
| Non-recurring operating income | 76A | €4,500 | €372 | -€4,128 | -91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,544 | €5,792 | +€2,249 | +63.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €311 | €40 | -€271 | -87.1% |
| Other operating charges | 640/8 | €809 | €930 | +€121 | +15.0% |
| Gross operating margin | 9900 | €11,997 | €3,716 | -€8,282 | -69.0% |
| Operating profit (loss) | 9901 | €7,334 | -€3,047 | -€10,381 | |
| Financial income | 75/76B | €915 | €492 | -€424 | -46.3% |
| Recurring financial income | 75 | €915 | €492 | -€424 | -46.3% |
| Financial charges | 65/66B | €1,910 | €1,065 | -€846 | -44.3% |
| Recurring financial charges | 65 | €1,910 | €1,065 | -€846 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €6,339 | -€3,620 | -€9,959 | |
| Income taxes | 67/77 | €2,209 | €192 | -€2,017 | -91.3% |
| Profit (loss) for the period | 9904 | €4,130 | -€3,812 | -€7,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,130 | -€3,812 | -€7,942 |
Next steps
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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 3 November 2026 via checked.be.