STER-CO: what changed
Two fiscal 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.
STER-CO
Largest movements
- Cash -€78,023
down €78,023 (-35.2%), from €221,810 to €143,787
mainly Debts after one year (-€349,185) and Current portion of long-term debt (-€56,689)
- Current investments -€65,000
down €65,000 (-27.1%), from €240,000 to €175,000
- Receivables within one year -€43,657
down €43,657 (-62.0%), from €70,417 to €26,760
of which Other amounts receivable: -€41,050
- Debts after one year -€349,185
down €349,185 (-26.5%), from €1.3m to €970,476
- Reserves +€248,647
up €248,647 (+19.3%), from €1.3m to €1.5m
- Current portion of long-term debt -€56,689
down €56,689 (-27.5%), from €205,874 to €149,185
- Financial income -€227,201
down €227,201 (-46.9%), from €484,426 to €257,224
- Taxes -€19,529
down €19,529 (-43.8%), from €44,580 to €25,051
- Depreciation -€12,126
down €12,126 (-91.2%), from €13,289 to €1,163
- Financial charges -€5,208
down €5,208 (-9.9%), from €52,386 to €47,178
- Gross operating margin -€3,216
down €3,216 (-4.6%), from €69,243 to €66,027
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.
Cash bridge derived
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 | €3,155,070 | €2,968,181 | -€186,889 | -5.9% |
| Fixed assets | 21/28 | €2,622,842 | €2,620,686 | -€2,156 | -0.1% |
| Tangible fixed assets | 22/27 | €12,800 | €4,019 | -€8,781 | -68.6% |
| Plant, machinery and equipment | 23 | - | €1,091 | +€1,091 | |
| Furniture and vehicles | 24 | €12,800 | €2,928 | -€9,873 | -77.1% |
| Financial fixed assets | 28 | €2,610,042 | €2,616,667 | +€6,625 | +0.3% |
| Current assets | 29/58 | €532,227 | €347,495 | -€184,732 | -34.7% |
| Amounts receivable within one year | 40/41 | €70,417 | €26,760 | -€43,657 | -62.0% |
| Trade receivables | 40 | €2,607 | - | -€2,607 | |
| Other amounts receivable | 41 | €67,810 | €26,760 | -€41,050 | -60.5% |
| Current investments | 50/53 | €240,000 | €175,000 | -€65,000 | -27.1% |
| Cash at bank and in hand | 54/58 | €221,810 | €143,787 | -€78,023 | -35.2% |
| Deferred charges and accrued income | 490/1 | - | €1,947 | +€1,947 | |
| Total equity and liabilities | 10/49 | €3,155,070 | €2,968,181 | -€186,889 | -5.9% |
| Equity | 10/15 | €1,411,549 | €1,660,196 | +€248,647 | +17.6% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,286,549 | €1,535,196 | +€248,647 | +19.3% |
| Distributable reserves | 133 | €1,286,549 | €1,535,196 | +€248,647 | +19.3% |
| Amounts payable | 17/49 | €1,743,521 | €1,307,985 | -€435,536 | -25.0% |
| Amounts payable after more than one year | 17 | €1,319,661 | €970,476 | -€349,185 | -26.5% |
| Financial debts | 170/4 | €1,319,661 | €970,476 | -€349,185 | -26.5% |
| Amounts payable within one year | 42/48 | €399,402 | €318,628 | -€80,774 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €205,874 | €149,185 | -€56,689 | -27.5% |
| Trade debts | 44 | €1,083 | €902 | -€181 | -16.7% |
| Suppliers | 440/4 | €1,083 | €902 | -€181 | -16.7% |
| Taxes, remuneration and social security | 45 | €92,445 | €68,541 | -€23,903 | -25.9% |
| Taxes | 450/3 | €92,445 | €68,541 | -€23,903 | -25.9% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €24,458 | €18,881 | -€5,577 | -22.8% |
| Remuneration, social security and pensions | 62 | €1,184 | €1,040 | -€144 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,289 | €1,163 | -€12,126 | -91.2% |
| Other operating charges | 640/8 | €118 | €173 | +€55 | +46.6% |
| Gross operating margin | 9900 | €69,243 | €66,027 | -€3,216 | -4.6% |
| Operating profit (loss) | 9901 | €54,653 | €63,651 | +€8,999 | +16.5% |
| Financial income | 75/76B | €484,426 | €257,224 | -€227,201 | -46.9% |
| Recurring financial income | 75 | €484,426 | €257,224 | -€227,201 | -46.9% |
| Financial charges | 65/66B | €52,386 | €47,178 | -€5,208 | -9.9% |
| Recurring financial charges | 65 | €52,386 | €47,178 | -€5,208 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €486,692 | €273,698 | -€212,995 | -43.8% |
| Income taxes | 67/77 | €44,580 | €25,051 | -€19,529 | -43.8% |
| Profit (loss) for the period | 9904 | €442,112 | €248,647 | -€193,465 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €442,112 | €248,647 | -€193,465 | -43.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.