S.T.E.R. CONSULTING: 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.
S.T.E.R. CONSULTING
Largest movements
- Receivables within one year +€309,050
up €309,050 (+422%), from €73,194 to €382,244
of which Trade receivables: +€282,854
- Stocks and contracts -€221,867
down €221,867 (-30.6%), from €724,417 to €502,550
- Cash +€105,607
up €105,607 (+19.2%), from €550,783 to €656,390
mainly Net result for the year (+€286,648) and Stocks and contracts (+€221,867)
- Profit (loss) carried forward +€286,648
new in 2025: €286,648
- Reserves -€217,539
down €217,539 (-98.9%), from €220,039 to €2,500
of which Distributable reserves: -€217,539
- Tax, wage and social debts +€70,397
up €70,397 (+35.6%), from €197,675 to €268,072
- Other debts +€57,217
up €57,217 (+44.8%), from €127,690 to €184,908
- Gross operating margin +€104,965
up €104,965 (+32.6%), from €322,246 to €427,211
- Taxes +€35,901
up €35,901 (+45.1%), from €79,564 to €115,464
- Financial charges -€16,016
down €16,016 (-43.9%), from €36,496 to €20,480
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 | €1,354,516 | €1,547,003 | +€192,487 | +14.2% |
| Fixed assets | 21/28 | €3,531 | €3,574 | +€42 | +1.2% |
| Tangible fixed assets | 22/27 | €3,531 | €3,574 | +€42 | +1.2% |
| Plant, machinery and equipment | 23 | - | €867 | +€867 | |
| Furniture and vehicles | 24 | €3,531 | €2,706 | -€825 | -23.4% |
| Current assets | 29/58 | €1,350,985 | €1,543,429 | +€192,445 | +14.2% |
| Stocks and contracts in progress | 3 | €724,417 | €502,550 | -€221,867 | -30.6% |
| Stocks | 30/36 | €724,417 | €502,550 | -€221,867 | -30.6% |
| Amounts receivable within one year | 40/41 | €73,194 | €382,244 | +€309,050 | +422% |
| Trade receivables | 40 | - | €282,854 | +€282,854 | |
| Other amounts receivable | 41 | €73,194 | €99,390 | +€26,196 | +35.8% |
| Cash at bank and in hand | 54/58 | €550,783 | €656,390 | +€105,607 | +19.2% |
| Deferred charges and accrued income | 490/1 | €2,591 | €2,245 | -€346 | -13.4% |
| Total equity and liabilities | 10/49 | €1,354,516 | €1,547,003 | +€192,487 | +14.2% |
| Equity | 10/15 | €245,039 | €314,148 | +€69,110 | +28.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €220,039 | €2,500 | -€217,539 | -98.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €217,539 | - | -€217,539 | |
| Profit (loss) carried forward | 14 | - | €286,648 | +€286,648 | |
| Amounts payable | 17/49 | €1,109,477 | €1,232,855 | +€123,377 | +11.1% |
| Amounts payable after more than one year | 17 | €773,500 | €773,500 | = | 0.0% |
| Financial debts | 170/4 | €773,500 | €773,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €335,977 | €459,355 | +€123,377 | +36.7% |
| Trade debts | 44 | €10,612 | €6,375 | -€4,237 | -39.9% |
| Suppliers | 440/4 | €10,612 | €6,375 | -€4,237 | -39.9% |
| Taxes, remuneration and social security | 45 | €197,675 | €268,072 | +€70,397 | +35.6% |
| Taxes | 450/3 | €197,675 | €268,072 | +€70,397 | +35.6% |
| Other amounts payable | 47/48 | €127,690 | €184,908 | +€57,217 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593 | €3,572 | +€2,979 | +503% |
| Other operating charges | 640/8 | €2,044 | €1,046 | -€997 | -48.8% |
| Gross operating margin | 9900 | €322,246 | €427,211 | +€104,965 | +32.6% |
| Operating profit (loss) | 9901 | €319,609 | €422,592 | +€102,983 | +32.2% |
| Financial income | 75/76B | €572 | - | -€572 | |
| Recurring financial income | 75 | €572 | - | -€572 | |
| Financial charges | 65/66B | €36,496 | €20,480 | -€16,016 | -43.9% |
| Recurring financial charges | 65 | €36,496 | €20,480 | -€16,016 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €283,686 | €402,113 | +€118,427 | +41.7% |
| Income taxes | 67/77 | €79,564 | €115,464 | +€35,901 | +45.1% |
| Profit (loss) for the period | 9904 | €204,122 | €286,648 | +€82,526 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €204,122 | €286,648 | +€82,526 | +40.4% |
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 27 October 2026 via checked.be.