STERCK: 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.
STERCK
Largest movements
- Cash +€27,542
up €27,542 (+14.5%), from €189,889 to €217,431
mainly Other debts (+€146,347) and Net result for the year (+€88,053)
- Receivables within one year +€15,617
up €15,617 (+30.1%), from €51,935 to €67,552
of which Trade receivables: +€12,326
- Current investments +€12,202
up €12,202 (+45.2%), from €27,000 to €39,201
- Other debts +€146,347
up €146,347 (+367%), from €39,885 to €186,232
- Reserves -€96,947
down €96,947 (-51.3%), from €189,080 to €92,133
- Tax, wage and social debts +€25,061
up €25,061 (+448%), from €5,590 to €30,652
- Trade debts -€21,316
down €21,316 (-91.7%), from €23,254 to €1,938
- Gross operating margin +€99,390
up €99,390 (+493%), from €20,150 to €119,540
- Taxes +€19,472
up €19,472 (+508%), from €3,830 to €23,302
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 | €276,410 | €331,164 | +€54,755 | +19.8% |
| Fixed assets | 21/28 | €7,586 | €6,980 | -€606 | -8.0% |
| Tangible fixed assets | 22/27 | €4,146 | €3,955 | -€191 | -4.6% |
| Furniture and vehicles | 24 | €4,146 | €3,955 | -€191 | -4.6% |
| Financial fixed assets | 28 | €3,440 | €3,025 | -€415 | -12.1% |
| Current assets | 29/58 | €268,823 | €324,184 | +€55,360 | +20.6% |
| Amounts receivable within one year | 40/41 | €51,935 | €67,552 | +€15,617 | +30.1% |
| Trade receivables | 40 | €39,858 | €52,184 | +€12,326 | +30.9% |
| Other amounts receivable | 41 | €12,077 | €15,368 | +€3,291 | +27.2% |
| Current investments | 50/53 | €27,000 | €39,201 | +€12,202 | +45.2% |
| Cash at bank and in hand | 54/58 | €189,889 | €217,431 | +€27,542 | +14.5% |
| Total equity and liabilities | 10/49 | €276,410 | €331,164 | +€54,755 | +19.8% |
| Equity | 10/15 | €207,680 | €110,733 | -€96,947 | -46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €189,080 | €92,133 | -€96,947 | -51.3% |
| Distributable reserves | 133 | €189,080 | €92,133 | -€96,947 | -51.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €68,729 | €220,431 | +€151,702 | +221% |
| Amounts payable within one year | 42/48 | €68,729 | €220,431 | +€151,702 | +221% |
| Trade debts | 44 | €23,254 | €1,938 | -€21,316 | -91.7% |
| Suppliers | 440/4 | €23,254 | €1,938 | -€21,316 | -91.7% |
| Advances received on contracts in progress | 46 | - | €1,609 | +€1,609 | |
| Taxes, remuneration and social security | 45 | €5,590 | €30,652 | +€25,061 | +448% |
| Taxes | 450/3 | €5,590 | €30,652 | +€25,061 | +448% |
| Other amounts payable | 47/48 | €39,885 | €186,232 | +€146,347 | +367% |
| Non-recurring operating income | 76A | - | €1,854 | +€1,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,503 | €3,437 | -€65 | -1.9% |
| Other operating charges | 640/8 | €208 | €400 | +€192 | +92.0% |
| Non-recurring operating charges | 66A | - | €3,028 | +€3,028 | |
| Gross operating margin | 9900 | €20,150 | €119,540 | +€99,390 | +493% |
| Operating profit (loss) | 9901 | €16,439 | €112,675 | +€96,235 | +585% |
| Financial income | 75/76B | €172 | €202 | +€29 | +17.1% |
| Recurring financial income | 75 | €172 | €202 | +€29 | +17.1% |
| Non-recurring financial income | 76B | €172 | €0 | -€172 | -100% |
| Financial charges | 65/66B | €485 | €1,521 | +€1,037 | +214% |
| Recurring financial charges | 65 | €312 | €1,521 | +€1,209 | +387% |
| Non-recurring financial charges | 66B | €172 | €0 | -€172 | -100% |
| Profit (loss) for the period before taxes | 9903 | €16,127 | €111,355 | +€95,228 | +590% |
| Income taxes | 67/77 | €3,830 | €23,302 | +€19,472 | +508% |
| Profit (loss) for the period | 9904 | €12,297 | €88,053 | +€75,756 | +616% |
| Profit (loss) for the period to be appropriated | 9905 | €12,297 | €88,053 | +€75,756 | +616% |
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.