STER REIZEN: 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.
STER REIZEN
Largest movements
- Deferred charges and accrued income +€166,110
up €166,110 (+50.3%), from €330,337 to €496,448
- Cash +€90,833
up €90,833 (+938%), from €9,687 to €100,520
mainly Accrued charges and deferred income (+€219,858) and Trade debts (+€104,276)
- Receivables within one year -€32,907
down €32,907 (-17.9%), from €183,730 to €150,824
of which Trade receivables: -€29,557
- Intangible fixed assets -€9,184
down €9,184 (-26.8%), from €34,266 to €25,082
- Accrued charges and deferred income +€219,858
up €219,858 (+79.4%), from €277,006 to €496,864
- Trade debts +€104,276
up €104,276 (+115%), from €90,918 to €195,194
- Profit (loss) carried forward -€39,183
down €39,183 (-636%), from -€6,160 to -€45,343
- Other debts -€33,482
down €33,482 (-87.0%), from €38,469 to €4,987
- Debts after one year -€26,879
down €26,879 (-60.7%), from €44,310 to €17,431
- Staff costs +€32,377
up €32,377 (+62.9%), from €51,450 to €83,827
- Gross operating margin -€19,687
down €19,687 (-21.6%), from €90,979 to €71,292
- Taxes -€18,730
down €18,730, from €18,451 to -€279
- Depreciation +€4,248
up €4,248 (+30.2%), from €14,068 to €18,316
- Other operating charges +€2,347
up €2,347 (+198%), from €1,185 to €3,532
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 | €587,548 | €808,240 | +€220,693 | +37.6% |
| Fixed assets | 21/28 | €63,793 | €60,450 | -€3,343 | -5.2% |
| Intangible fixed assets | 21 | €34,266 | €25,082 | -€9,184 | -26.8% |
| Tangible fixed assets | 22/27 | €29,527 | €35,368 | +€5,841 | +19.8% |
| Land and buildings | 22 | €6,172 | €5,910 | -€261 | -4.2% |
| Plant, machinery and equipment | 23 | €9,194 | €17,999 | +€8,805 | +95.8% |
| Furniture and vehicles | 24 | €14,161 | €11,458 | -€2,703 | -19.1% |
| Current assets | 29/58 | €523,754 | €747,791 | +€224,036 | +42.8% |
| Amounts receivable within one year | 40/41 | €183,730 | €150,824 | -€32,907 | -17.9% |
| Trade receivables | 40 | €165,258 | €135,702 | -€29,557 | -17.9% |
| Other amounts receivable | 41 | €18,472 | €15,122 | -€3,350 | -18.1% |
| Cash at bank and in hand | 54/58 | €9,687 | €100,520 | +€90,833 | +938% |
| Deferred charges and accrued income | 490/1 | €330,337 | €496,448 | +€166,110 | +50.3% |
| Total equity and liabilities | 10/49 | €587,548 | €808,240 | +€220,693 | +37.6% |
| Equity | 10/15 | €93,868 | €54,685 | -€39,183 | -41.7% |
| Contributions | 10/11 | €96,688 | €96,688 | = | 0.0% |
| Reserves | 13 | €3,340 | €3,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,340 | €3,340 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,340 | €3,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,160 | -€45,343 | -€39,183 | -636% |
| Amounts payable | 17/49 | €493,680 | €753,556 | +€259,876 | +52.6% |
| Amounts payable after more than one year | 17 | €44,310 | €17,431 | -€26,879 | -60.7% |
| Financial debts | 170/4 | €44,310 | €17,431 | -€26,879 | -60.7% |
| Amounts payable within one year | 42/48 | €172,363 | €239,260 | +€66,897 | +38.8% |
| Financial debts | 43 | €25,879 | €26,879 | +€1,000 | +3.9% |
| Credit institutions | 430/8 | €25,879 | €26,879 | +€1,000 | +3.9% |
| Trade debts | 44 | €90,918 | €195,194 | +€104,276 | +115% |
| Suppliers | 440/4 | €90,918 | €195,194 | +€104,276 | +115% |
| Taxes, remuneration and social security | 45 | €17,097 | €12,200 | -€4,896 | -28.6% |
| Remuneration and social security | 454/9 | €17,097 | €12,200 | -€4,896 | -28.6% |
| Other amounts payable | 47/48 | €38,469 | €4,987 | -€33,482 | -87.0% |
| Accrued charges and deferred income | 492/3 | €277,006 | €496,864 | +€219,858 | +79.4% |
| Remuneration, social security and pensions | 62 | €51,450 | €83,827 | +€32,377 | +62.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,068 | €18,316 | +€4,248 | +30.2% |
| Other operating charges | 640/8 | €1,185 | €3,532 | +€2,347 | +198% |
| Gross operating margin | 9900 | €90,979 | €71,292 | -€19,687 | -21.6% |
| Operating profit (loss) | 9901 | €24,276 | -€34,382 | -€58,658 | |
| Financial income | 75/76B | €2,263 | - | -€2,263 | |
| Recurring financial income | 75 | €2,263 | - | -€2,263 | |
| Financial charges | 65/66B | €6,788 | €5,079 | -€1,709 | -25.2% |
| Recurring financial charges | 65 | €6,788 | €5,079 | -€1,709 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €19,751 | -€39,462 | -€59,212 | |
| Income taxes | 67/77 | €18,451 | -€279 | -€18,730 | |
| Profit (loss) for the period | 9904 | €1,299 | -€39,183 | -€40,482 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,299 | -€39,183 | -€40,482 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.