STERCI: 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.
STERCI
Largest movements
- Receivables within one year +€109,929
up €109,929 (+357%), from €30,826 to €140,755
- Cash +€15,075
up €15,075 (+28.1%), from €53,563 to €68,638
mainly Other debts (+€170,040) and Net result for the year (+€128,067)
- Tangible fixed assets +€11,755
up €11,755 (+76.1%), from €15,443 to €27,198
of which Land and buildings: +€11,400
- Other debts +€170,040
new in 2025: €170,040
- Reserves -€27,657
down €27,657 (-11.2%), from €246,723 to €219,067
- Financial income +€39,762
up €39,762 (+93.0%), from €42,738 to €82,500
of which Financial income: +€43,147
- Gross operating margin -€13,871
down €13,871 (-15.9%), from €87,061 to €73,189
- Taxes -€3,977
down €3,977 (-16.8%), from €23,622 to €19,645
- Financial charges +€1,008
up €1,008 (+86.1%), from €1,171 to €2,178
of which Financial charges: +€1,048
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 | €278,859 | €415,665 | +€136,806 | +49.1% |
| Fixed assets | 21/28 | €193,780 | €205,535 | +€11,755 | +6.1% |
| Tangible fixed assets | 22/27 | €15,443 | €27,198 | +€11,755 | +76.1% |
| Land and buildings | 22 | €4,824 | €16,225 | +€11,400 | +236% |
| Furniture and vehicles | 24 | €10,619 | €10,973 | +€355 | +3.3% |
| Financial fixed assets | 28 | €178,337 | €178,337 | = | 0.0% |
| Current assets | 29/58 | €85,079 | €210,130 | +€125,051 | +147% |
| Amounts receivable within one year | 40/41 | €30,826 | €140,755 | +€109,929 | +357% |
| Other amounts receivable | 41 | €30,826 | €140,755 | +€109,929 | +357% |
| Cash at bank and in hand | 54/58 | €53,563 | €68,638 | +€15,075 | +28.1% |
| Deferred charges and accrued income | 490/1 | €690 | €737 | +€47 | +6.8% |
| Total equity and liabilities | 10/49 | €278,859 | €415,665 | +€136,806 | +49.1% |
| Equity | 10/15 | €251,723 | €224,067 | -€27,657 | -11.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €246,723 | €219,067 | -€27,657 | -11.2% |
| Distributable reserves | 133 | €246,723 | €219,067 | -€27,657 | -11.2% |
| Amounts payable | 17/49 | €27,136 | €191,599 | +€164,463 | +606% |
| Amounts payable within one year | 42/48 | €27,136 | €191,599 | +€164,463 | +606% |
| Current portion of amounts payable after more than one year | 42 | €20,909 | €18,000 | -€2,909 | -13.9% |
| Trade debts | 44 | €3,004 | €3,559 | +€555 | +18.5% |
| Suppliers | 440/4 | €3,004 | €3,559 | +€555 | +18.5% |
| Taxes, remuneration and social security | 45 | €3,222 | - | -€3,222 | |
| Taxes | 450/3 | €3,222 | - | -€3,222 | |
| Other amounts payable | 47/48 | - | €170,040 | +€170,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,004 | €4,834 | +€830 | +20.7% |
| Other operating charges | 640/8 | €1,143 | €965 | -€177 | -15.5% |
| Gross operating margin | 9900 | €87,061 | €73,189 | -€13,871 | -15.9% |
| Operating profit (loss) | 9901 | €81,914 | €67,390 | -€14,524 | -17.7% |
| Financial income | 75/76B | €42,738 | €82,500 | +€39,762 | +93.0% |
| Recurring financial income | 75 | €39,353 | €82,500 | +€43,147 | +110% |
| Non-recurring financial income | 76B | €3,385 | - | -€3,385 | |
| Financial charges | 65/66B | €1,171 | €2,178 | +€1,008 | +86.1% |
| Recurring financial charges | 65 | €1,130 | €2,178 | +€1,048 | +92.8% |
| Non-recurring financial charges | 66B | €40 | - | -€40 | |
| Profit (loss) for the period before taxes | 9903 | €123,482 | €147,712 | +€24,230 | +19.6% |
| Income taxes | 67/77 | €23,622 | €19,645 | -€3,977 | -16.8% |
| Profit (loss) for the period | 9904 | €99,860 | €128,067 | +€28,207 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,860 | €128,067 | +€28,207 | +28.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.