STERC WERK: 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.
STERC WERK
Largest movements
- Stocks and contracts +€80,480
up €80,480 (+11.2%), from €718,227 to €798,707
- Cash +€32,168
up €32,168 (+237%), from €13,580 to €45,748
mainly Net result for the year (+€78,566) and Receivables within one year (+€29,000)
- Receivables within one year -€29,000
no longer reported in 2025 (was €29,000)
- Profit (loss) carried forward +€72,133
no longer reported in 2025 (was -€72,133)
- Gross operating margin +€117,673
up €117,673, from -€8,171 to €109,502
- Depreciation +€5,295
up €5,295 (+479%), from €1,105 to €6,400
- Taxes +€3,219
new in 2025: €3,219
- Financial charges +€2,134
up €2,134 (+12.0%), from €17,759 to €19,893
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 | €791,702 | €868,951 | +€77,249 | +9.8% |
| Fixed assets | 21/28 | €30,895 | €24,495 | -€6,400 | -20.7% |
| Tangible fixed assets | 22/27 | €30,895 | €24,495 | -€6,400 | -20.7% |
| Furniture and vehicles | 24 | €30,895 | €24,495 | -€6,400 | -20.7% |
| Current assets | 29/58 | €760,807 | €844,455 | +€83,649 | +11.0% |
| Stocks and contracts in progress | 3 | €718,227 | €798,707 | +€80,480 | +11.2% |
| Stocks | 30/36 | €718,227 | €798,707 | +€80,480 | +11.2% |
| Amounts receivable within one year | 40/41 | €29,000 | - | -€29,000 | |
| Other amounts receivable | 41 | €29,000 | - | -€29,000 | |
| Cash at bank and in hand | 54/58 | €13,580 | €45,748 | +€32,168 | +237% |
| Total equity and liabilities | 10/49 | €791,702 | €868,951 | +€77,249 | +9.8% |
| Equity | 10/15 | €35,730 | €114,296 | +€78,566 | +220% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €57,863 | €64,296 | +€6,433 | +11.1% |
| Distributable reserves | 133 | €57,863 | €64,296 | +€6,433 | +11.1% |
| Profit (loss) carried forward | 14 | -€72,133 | - | +€72,133 | |
| Amounts payable | 17/49 | €755,972 | €754,655 | -€1,317 | -0.2% |
| Amounts payable after more than one year | 17 | €732,000 | €723,600 | -€8,400 | -1.1% |
| Financial debts | 170/4 | €732,000 | €723,600 | -€8,400 | -1.1% |
| Amounts payable within one year | 42/48 | €23,972 | €29,676 | +€5,705 | +23.8% |
| Trade debts | 44 | €23,882 | €25,776 | +€1,895 | +7.9% |
| Suppliers | 440/4 | €23,882 | €25,776 | +€1,895 | +7.9% |
| Taxes, remuneration and social security | 45 | - | €3,810 | +€3,810 | |
| Taxes | 450/3 | - | €3,810 | +€3,810 | |
| Other amounts payable | 47/48 | €90 | €90 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,378 | +€1,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,105 | €6,400 | +€5,295 | +479% |
| Other operating charges | 640/8 | €972 | €1,424 | +€451 | +46.4% |
| Gross operating margin | 9900 | -€8,171 | €109,502 | +€117,673 | |
| Operating profit (loss) | 9901 | -€10,248 | €101,678 | +€111,926 | |
| Financial charges | 65/66B | €17,759 | €19,893 | +€2,134 | +12.0% |
| Recurring financial charges | 65 | €17,759 | €19,893 | +€2,134 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€28,007 | €81,785 | +€109,793 | |
| Income taxes | 67/77 | - | €3,219 | +€3,219 | |
| Profit (loss) for the period | 9904 | -€28,007 | €78,566 | +€106,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,007 | €78,566 | +€106,573 |
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 25 October 2026 via checked.be.