SteRa – Management: 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.
SteRa – Management
Largest movements
- Cash +€28,847
up €28,847 (+31.8%), from €90,624 to €119,471
mainly Net result for the year (+€65,569) and Depreciation (+€447)
- Receivables within one year +€27,264
up €27,264 (+143.4%), from €19,017 to €46,281
of which Trade receivables: +€27,264
- Deferred charges and accrued income +€2,352
up €2,352 (+802.2%), from €293 to €2,645
- Reserves +€40,000
up €40,000 (+133.3%), from €30,000 to €70,000
- Profit (loss) carried forward +€25,569
up €25,569 (+77.4%), from €33,031 to €58,600
- Tax, wage and social debts -€2,991
down €2,991 (-8.4%), from €35,440 to €32,449
of which Remuneration and social security: -€2,635
- Trade debts -€2,868
down €2,868 (-72.3%), from €3,968 to €1,100
- Gross operating margin +€5,075
up €5,075 (+5.9%), from €85,576 to €90,651
- Taxes +€1,740
up €1,740 (+8.3%), from €20,852 to €22,591
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 | €110,565 | €169,831 | +€59,266 | +53.6% |
| Fixed assets | 21/28 | €632 | €1,434 | +€803 | +127.1% |
| Tangible fixed assets | 22/27 | €632 | €1,434 | +€803 | +127.1% |
| Plant, machinery and equipment | 23 | - | €1,029 | +€1,029 | |
| Furniture and vehicles | 24 | €632 | €405 | -€227 | -35.9% |
| Current assets | 29/58 | €109,934 | €168,397 | +€58,463 | +53.2% |
| Amounts receivable within one year | 40/41 | €19,017 | €46,281 | +€27,264 | +143.4% |
| Trade receivables | 40 | €18,936 | €46,200 | +€27,264 | +144.0% |
| Other amounts receivable | 41 | €81 | €81 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €90,624 | €119,471 | +€28,847 | +31.8% |
| Deferred charges and accrued income | 490/1 | €293 | €2,645 | +€2,352 | +802.2% |
| Total equity and liabilities | 10/49 | €110,565 | €169,831 | +€59,266 | +53.6% |
| Equity | 10/15 | €70,531 | €136,100 | +€65,569 | +93.0% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €30,000 | €70,000 | +€40,000 | +133.3% |
| Distributable reserves | 133 | €30,000 | €70,000 | +€40,000 | +133.3% |
| Profit (loss) carried forward | 14 | €33,031 | €58,600 | +€25,569 | +77.4% |
| Amounts payable | 17/49 | €40,034 | €33,731 | -€6,303 | -15.7% |
| Amounts payable within one year | 42/48 | €39,408 | €33,731 | -€5,676 | -14.4% |
| Trade debts | 44 | €3,968 | €1,100 | -€2,868 | -72.3% |
| Suppliers | 440/4 | €3,968 | €1,100 | -€2,868 | -72.3% |
| Taxes, remuneration and social security | 45 | €35,440 | €32,449 | -€2,991 | -8.4% |
| Taxes | 450/3 | €32,805 | €32,449 | -€355 | -1.1% |
| Remuneration and social security | 454/9 | €2,635 | - | -€2,635 | |
| Other amounts payable | 47/48 | - | €182 | +€182 | |
| Accrued charges and deferred income | 492/3 | €627 | - | -€627 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49 | €447 | +€398 | +812.2% |
| Other operating charges | 640/8 | - | €21 | +€21 | |
| Gross operating margin | 9900 | €85,576 | €90,651 | +€5,075 | +5.9% |
| Operating profit (loss) | 9901 | €85,527 | €90,183 | +€4,656 | +5.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5100.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5100.0% |
| Financial charges | 65/66B | €1,644 | €2,024 | +€379 | +23.1% |
| Recurring financial charges | 65 | €1,644 | €2,024 | +€379 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €83,883 | €88,160 | +€4,277 | +5.1% |
| Income taxes | 67/77 | €20,852 | €22,591 | +€1,740 | +8.3% |
| Profit (loss) for the period | 9904 | €63,031 | €65,569 | +€2,537 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,031 | €65,569 | +€2,537 | +4.0% |
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 11 October 2026 via checked.be.