STERCK - BRACKE: 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 - BRACKE
Largest movements
- Receivables within one year -€79,225
down €79,225 (-84.9%), from €93,286 to €14,061
of which Trade receivables: -€78,971
- Cash +€59,342
up €59,342 (+28.0%), from €212,026 to €271,369
mainly Receivables within one year (+€79,225) and Depreciation (+€12,275)
- Tangible fixed assets +€18,101
up €18,101 (+18.7%), from €96,792 to €114,893
of which Furniture and vehicles: +€11,323
- Tax, wage and social debts +€10,627
up €10,627 (+190%), from €5,601 to €16,228
of which Taxes: +€10,627
- Other debts -€7,145
down €7,145 (-5.8%), from €123,027 to €115,882
- Reserves -€5,000
down €5,000 (-2.0%), from €253,353 to €248,353
of which Distributable reserves: -€5,000
- Gross operating margin +€29,304
up €29,304, from -€7,882 to €21,422
- Other operating charges +€13,587
up €13,587 (+1,171%), from €1,161 to €14,748
- Depreciation +€4,155
up €4,155 (+51.2%), from €8,119 to €12,275
- Financial income +€530
up €530 (+64.6%), from €820 to €1,350
- Financial charges +€385
up €385 (+104%), from €369 to €754
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 | €408,064 | €405,550 | -€2,515 | -0.6% |
| Fixed assets | 21/28 | €97,342 | €114,893 | +€17,551 | +18.0% |
| Tangible fixed assets | 22/27 | €96,792 | €114,893 | +€18,101 | +18.7% |
| Land and buildings | 22 | €68,619 | €67,301 | -€1,319 | -1.9% |
| Plant, machinery and equipment | 23 | €1,527 | €604 | -€923 | -60.5% |
| Furniture and vehicles | 24 | €26,646 | €37,969 | +€11,323 | +42.5% |
| Assets under construction and advance payments | 27 | - | €9,019 | +€9,019 | |
| Financial fixed assets | 28 | €550 | €0 | -€550 | -100% |
| Current assets | 29/58 | €310,722 | €290,657 | -€20,066 | -6.5% |
| Amounts receivable within one year | 40/41 | €93,286 | €14,061 | -€79,225 | -84.9% |
| Trade receivables | 40 | €88,688 | €9,717 | -€78,971 | -89.0% |
| Other amounts receivable | 41 | €4,599 | €4,345 | -€254 | -5.5% |
| Cash at bank and in hand | 54/58 | €212,026 | €271,369 | +€59,342 | +28.0% |
| Deferred charges and accrued income | 490/1 | €5,410 | €5,227 | -€183 | -3.4% |
| Total equity and liabilities | 10/49 | €408,064 | €405,550 | -€2,515 | -0.6% |
| Equity | 10/15 | €272,349 | €267,061 | -€5,288 | -1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €253,353 | €248,353 | -€5,000 | -2.0% |
| Tax-exempt reserves | 132 | €28,853 | €28,853 | = | 0.0% |
| Distributable reserves | 133 | €224,500 | €219,500 | -€5,000 | -2.2% |
| Profit (loss) carried forward | 14 | €403 | €115 | -€288 | -71.4% |
| Amounts payable | 17/49 | €135,716 | €138,489 | +€2,773 | +2.0% |
| Amounts payable within one year | 42/48 | €135,329 | €138,489 | +€3,160 | +2.3% |
| Trade debts | 44 | €6,701 | €6,379 | -€321 | -4.8% |
| Suppliers | 440/4 | €6,701 | €6,379 | -€321 | -4.8% |
| Taxes, remuneration and social security | 45 | €5,601 | €16,228 | +€10,627 | +190% |
| Taxes | 450/3 | €5,601 | €16,228 | +€10,627 | +190% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €123,027 | €115,882 | -€7,145 | -5.8% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Non-recurring operating income | 76A | - | €1,700 | +€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,119 | €12,275 | +€4,155 | +51.2% |
| Other operating charges | 640/8 | €1,161 | €14,748 | +€13,587 | +1,171% |
| Gross operating margin | 9900 | -€7,882 | €21,422 | +€29,304 | |
| Operating profit (loss) | 9901 | -€17,162 | -€5,600 | +€11,562 | +67.4% |
| Financial income | 75/76B | €820 | €1,350 | +€530 | +64.6% |
| Recurring financial income | 75 | €820 | €1,350 | +€530 | +64.6% |
| Financial charges | 65/66B | €369 | €754 | +€385 | +104% |
| Recurring financial charges | 65 | €369 | €754 | +€385 | +104% |
| Profit (loss) for the period before taxes | 9903 | -€16,711 | -€5,004 | +€11,707 | +70.1% |
| Income taxes | 67/77 | €128 | €284 | +€156 | +122% |
| Profit (loss) for the period | 9904 | -€16,839 | -€5,288 | +€11,551 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,839 | -€5,288 | +€11,551 | +68.6% |
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 15 October 2026 via checked.be.