SteraGas: 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.
What changed
SteraGas
NACE 35.230, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.4m-€169,506
Equity
€8.7m
2024 · €7.5m+€1.2m
Cash
€5.2m
2024 · €4.1m+€1.1m
Balance sheet total
€11.6m
2024 · €10.5m+€1.0m
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+26.2%), from €4.1m to €5.2m
mainly Net result for the year (+€1.2m) and Trade debts (+€424,315)
- Stocks and contracts -€370,667
down €370,667 (-67.3%), from €550,795 to €180,129
- Tangible fixed assets +€287,207
up €287,207 (+20.9%), from €1.4m to €1.7m
of which Furniture and vehicles: +€319,800
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+16.2%), from €7.4m to €8.6m
of which Distributable reserves: +€1.2m
- Trade debts +€424,315
up €424,315 (+23.5%), from €1.8m to €2.2m
- Tax, wage and social debts -€352,434
down €352,434 (-43.1%), from €817,159 to €464,725
of which Taxes: -€352,671
- Other debts -€236,452
down €236,452 (-72.9%), from €324,316 to €87,864
Income statement
- Turnover -€1.7m
down €1.7m (-7.5%), from €22.3m to €20.6m
- Goods and materials -€1.5m
down €1.5m (-8.0%), from €18.9m to €17.4m
of which Purchases: -€2.3m
- Write-downs -€397,467
down €397,467 (-19,195%), from -€2,071 to -€399,538
- Other operating charges +€357,672
up €357,672 (+2,443%), from €14,642 to €372,314
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.
Result 2024
€1.4m
Turnover
-€1.7m
Other operating income
+€6,406
Goods and materials
+€1.5m
Services and other goods
+€74,895
Staff costs
+€13,815
Depreciation
-€49,064
Write-downs
+€397,467
Other operating charges
-€357,672
Other operating items
+€844
Financial income
-€5,246
Financial charges
-€130,359
Taxes
+€41,557
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
-€726,845
Financing
-€31,720
Cash 2024
€4.1m
From operations (derived)
+€1.8m
Net result for the year
+€1.2m
Depreciation
+€343,309
Stocks and contracts
+€370,667
Receivables within one year
+€82,225
Deferred charges and accrued income
-€25,401
Trade debts
+€424,315
Tax, wage and social debts
-€352,434
Advances received
+€4,465
Other debts
-€236,452
Accrued charges and deferred income
-€3,312
Investment (derived)
-€726,845
Investment in fixed assets (net)
-€726,845
Financing
-€31,720
Debts after one year
-€32,126
Current portion of long-term debt
+€406
Cash 2025
€5.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,519,141 | €11,561,125 | +€1.0m | +9.9% |
| Fixed assets | 21/28 | €1,783,056 | €2,166,592 | +€383,536 | +21.5% |
| Intangible fixed assets | 21 | - | €96,329 | +€96,329 | |
| Tangible fixed assets | 22/27 | €1,371,316 | €1,658,523 | +€287,207 | +20.9% |
| Plant, machinery and equipment | 23 | €202,282 | €185,434 | -€16,848 | -8.3% |
| Furniture and vehicles | 24 | €1,022,785 | €1,342,585 | +€319,800 | +31.3% |
| Leasing and similar rights | 25 | €92,898 | €65,820 | -€27,078 | -29.1% |
| Other tangible fixed assets | 26 | €53,351 | €64,683 | +€11,333 | +21.2% |
| Financial fixed assets | 28 | €411,740 | €411,740 | = | 0.0% |
| Affiliated companies | 280/1 | €411,740 | €411,740 | = | 0.0% |
| Participating interests | 280 | €411,740 | €411,740 | = | 0.0% |
| Current assets | 29/58 | €8,736,085 | €9,394,534 | +€658,449 | +7.5% |
| Stocks and contracts in progress | 3 | €550,795 | €180,129 | -€370,667 | -67.3% |
| Stocks | 30/36 | €550,795 | €180,129 | -€370,667 | -67.3% |
| Goods purchased for resale | 34 | €550,795 | €180,129 | -€370,667 | -67.3% |
| Amounts receivable within one year | 40/41 | €4,029,225 | €3,946,999 | -€82,225 | -2.0% |
| Trade receivables | 40 | €3,792,247 | €3,353,366 | -€438,881 | -11.6% |
| Other amounts receivable | 41 | €236,978 | €593,634 | +€356,656 | +151% |
| Cash at bank and in hand | 54/58 | €4,149,918 | €5,235,858 | +€1.1m | +26.2% |
| Deferred charges and accrued income | 490/1 | €6,148 | €31,548 | +€25,401 | +413% |
| Total equity and liabilities | 10/49 | €10,519,141 | €11,561,125 | +€1.0m | +9.9% |
| Equity | 10/15 | €7,469,393 | €8,706,516 | +€1.2m | +16.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,406,200 | €8,606,200 | +€1.2m | +16.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,400,000 | €8,600,000 | +€1.2m | +16.2% |
| Profit (loss) carried forward | 14 | €1,193 | €38,316 | +€37,123 | +3,113% |
| Amounts payable | 17/49 | €3,049,748 | €2,854,610 | -€195,139 | -6.4% |
| Amounts payable after more than one year | 17 | €50,915 | €18,789 | -€32,126 | -63.1% |
| Financial debts | 170/4 | €50,915 | €18,789 | -€32,126 | -63.1% |
| Leasing and similar obligations | 172 | €50,915 | €18,789 | -€32,126 | -63.1% |
| Amounts payable within one year | 42/48 | €2,985,570 | €2,825,869 | -€159,700 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €31,720 | €32,126 | +€406 | +1.3% |
| Trade debts | 44 | €1,807,253 | €2,231,568 | +€424,315 | +23.5% |
| Suppliers | 440/4 | €1,807,253 | €2,231,568 | +€424,315 | +23.5% |
| Advances received on contracts in progress | 46 | €5,122 | €9,586 | +€4,465 | +87.2% |
| Taxes, remuneration and social security | 45 | €817,159 | €464,725 | -€352,434 | -43.1% |
| Taxes | 450/3 | €806,370 | €453,698 | -€352,671 | -43.7% |
| Remuneration and social security | 454/9 | €10,789 | €11,027 | +€237 | +2.2% |
| Other amounts payable | 47/48 | €324,316 | €87,864 | -€236,452 | -72.9% |
| Accrued charges and deferred income | 492/3 | €13,264 | €9,952 | -€3,312 | -25.0% |
| Operating income | 70/76A | €23,144,779 | €21,467,759 | -€1.7m | -7.2% |
| Turnover | 70 | €22,274,977 | €20,599,863 | -€1.7m | -7.5% |
| Other operating income | 74 | €861,490 | €867,896 | +€6,406 | +0.7% |
| Non-recurring operating income | 76A | €8,312 | - | -€8,312 | |
| Operating charges | 60/66A | €21,347,790 | €19,746,228 | -€1.6m | -7.5% |
| Goods for resale, raw materials and consumables | 60 | €18,864,767 | €17,351,802 | -€1.5m | -8.0% |
| Purchases | 600/8 | €19,280,948 | €16,981,135 | -€2.3m | -11.9% |
| Change in stocks: decrease (increase) | 609 | -€416,181 | €370,667 | +€786,848 | |
| Services and other goods | 61 | €2,050,090 | €1,975,195 | -€74,895 | -3.7% |
| Remuneration, social security and pensions | 62 | €116,961 | €103,146 | -€13,815 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,245 | €343,309 | +€49,064 | +16.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,071 | -€399,538 | -€397,467 | -19,195% |
| Other operating charges | 640/8 | €14,642 | €372,314 | +€357,672 | +2,443% |
| Non-recurring operating charges | 66A | €9,157 | - | -€9,157 | |
| Operating profit (loss) | 9901 | €1,796,989 | €1,721,531 | -€75,458 | -4.2% |
| Financial income | 75/76B | €219,040 | €213,794 | -€5,246 | -2.4% |
| Recurring financial income | 75 | €219,040 | €213,794 | -€5,246 | -2.4% |
| Income from current assets | 751 | €82,370 | €81,169 | -€1,201 | -1.5% |
| Other financial income | 752/9 | €136,670 | €132,625 | -€4,045 | -3.0% |
| Financial charges | 65/66B | €138,746 | €269,105 | +€130,359 | +94.0% |
| Recurring financial charges | 65 | €138,746 | €269,105 | +€130,359 | +94.0% |
| Debt charges | 650 | €13,843 | €7,103 | -€6,739 | -48.7% |
| Other financial charges | 652/9 | €124,903 | €262,001 | +€137,098 | +110% |
| Profit (loss) for the period before taxes | 9903 | €1,877,283 | €1,666,221 | -€211,062 | -11.2% |
| Income taxes | 67/77 | €470,654 | €429,098 | -€41,557 | -8.8% |
| Taxes | 670/3 | €470,654 | €429,098 | -€41,557 | -8.8% |
| Profit (loss) for the period | 9904 | €1,406,629 | €1,237,123 | -€169,506 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,406,629 | €1,237,123 | -€169,506 | -12.1% |
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 20 October 2026 via checked.be.