Ster Vastgoed: 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 Vastgoed
Largest movements
- Tangible fixed assets -€888,754
down €888,754 (-3.3%), from €26.9m to €26.0m
- Receivables within one year +€642,405
new in 2025: €642,405
- Cash -€327,486
down €327,486 (-11.1%), from €3.0m to €2.6m
mainly Debts after one year (-€899,816) and Receivables within one year (-€642,405)
- Debts after one year -€899,816
down €899,816 (-4.4%), from €20.3m to €19.4m
- Gross operating margin -€1.4m
down €1.4m (-39.9%), from €3.4m to €2.1m
- Financial charges -€941,981
down €941,981 (-45.2%), from €2.1m to €1.1m
- Turnover -€921,493
down €921,493 (-30.4%), from €3.0m to €2.1m
- Depreciation -€659,159
down €659,159 (-42.6%), from €1.5m to €888,754
- Purchases and services -€265,608
down €265,608 (-41.3%), from €642,421 to €376,813
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 | €29,804,753 | €29,230,918 | -€573,835 | -1.9% |
| Fixed assets | 21/28 | €26,853,168 | €25,964,414 | -€888,754 | -3.3% |
| Tangible fixed assets | 22/27 | €26,853,168 | €25,964,414 | -€888,754 | -3.3% |
| Land and buildings | 22 | €26,853,168 | €25,964,414 | -€888,754 | -3.3% |
| Current assets | 29/58 | €2,951,585 | €3,266,504 | +€314,919 | +10.7% |
| Amounts receivable within one year | 40/41 | - | €642,405 | +€642,405 | |
| Trade receivables | 40 | - | €642,405 | +€642,405 | |
| Cash at bank and in hand | 54/58 | €2,951,585 | €2,624,099 | -€327,486 | -11.1% |
| Total equity and liabilities | 10/49 | €29,804,753 | €29,230,918 | -€573,835 | -1.9% |
| Equity | 10/15 | €1,307,195 | €1,346,429 | +€39,235 | +3.0% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€192,805 | -€153,571 | +€39,235 | +20.3% |
| Amounts payable | 17/49 | €28,497,559 | €27,884,489 | -€613,070 | -2.2% |
| Amounts payable after more than one year | 17 | €20,282,634 | €19,382,819 | -€899,816 | -4.4% |
| Financial debts | 170/4 | €20,282,634 | €19,382,819 | -€899,816 | -4.4% |
| Amounts payable within one year | 42/48 | €7,699,475 | €7,970,757 | +€271,282 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €860,165 | €899,816 | +€39,651 | +4.6% |
| Trade debts | 44 | €3,092 | €3,018 | -€74 | -2.4% |
| Suppliers | 440/4 | €3,092 | €3,018 | -€74 | -2.4% |
| Taxes, remuneration and social security | 45 | €105,780 | €108,454 | +€2,674 | +2.5% |
| Taxes | 450/3 | €105,780 | €108,454 | +€2,674 | +2.5% |
| Other amounts payable | 47/48 | €6,730,439 | €6,959,470 | +€229,031 | +3.4% |
| Accrued charges and deferred income | 492/3 | €515,450 | €530,914 | +€15,464 | +3.0% |
| Turnover | 70 | €3,029,683 | €2,108,191 | -€921,493 | -30.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €642,421 | €376,813 | -€265,608 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,547,913 | €888,754 | -€659,159 | -42.6% |
| Other operating charges | 640/8 | €1,266 | €822 | -€443 | -35.0% |
| Gross operating margin | 9900 | €3,434,537 | €2,064,716 | -€1.4m | -39.9% |
| Operating profit (loss) | 9901 | €1,885,358 | €1,175,139 | -€710,219 | -37.7% |
| Financial income | 75/76B | €5,636 | €5,913 | +€277 | +4.9% |
| Recurring financial income | 75 | €5,636 | €5,913 | +€277 | +4.9% |
| Financial charges | 65/66B | €2,083,799 | €1,141,817 | -€941,981 | -45.2% |
| Recurring financial charges | 65 | €2,083,799 | €1,141,817 | -€941,981 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | -€192,805 | €39,235 | +€232,040 | |
| Profit (loss) for the period | 9904 | -€192,805 | €39,235 | +€232,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€192,805 | €39,235 | +€232,040 |
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 29 October 2026 via checked.be.