Sterck Management: 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 Management
Largest movements
- Current investments -€180,000
down €180,000 (-100%), from €180,000 to €0
- Cash +€46,695
up €46,695 (+174%), from €26,865 to €73,560
mainly Current investments (+€180,000) and Net result for the year (+€92,395)
- Receivables within one year -€18,807
down €18,807 (-47.2%), from €39,831 to €21,024
of which Trade receivables: -€19,071
- Tangible fixed assets +€3,523
up €3,523 (+11.3%), from €31,245 to €34,768
- Reserves -€133,172
down €133,172 (-59.0%), from €225,567 to €92,395
- Tax, wage and social debts -€8,212
down €8,212 (-30.5%), from €26,881 to €18,669
of which Taxes: -€8,212
- Debts after one year -€7,394
down €7,394 (-100%), from €7,394 to €0
- Gross operating margin +€34,663
up €34,663 (+35.4%), from €97,945 to €132,609
- Taxes +€8,521
up €8,521 (+48.4%), from €17,618 to €26,138
- Financial income +€3,051
up €3,051 (+30,513,200%), from €0 to €3,051
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 | €277,981 | €129,352 | -€148,629 | -53.5% |
| Fixed assets | 21/28 | €31,285 | €34,768 | +€3,483 | +11.1% |
| Tangible fixed assets | 22/27 | €31,245 | €34,768 | +€3,523 | +11.3% |
| Furniture and vehicles | 24 | €31,245 | €34,768 | +€3,523 | +11.3% |
| Financial fixed assets | 28 | €40 | €0 | -€40 | -100% |
| Current assets | 29/58 | €246,696 | €94,584 | -€152,112 | -61.7% |
| Amounts receivable within one year | 40/41 | €39,831 | €21,024 | -€18,807 | -47.2% |
| Trade receivables | 40 | €39,831 | €20,760 | -€19,071 | -47.9% |
| Other amounts receivable | 41 | - | €263 | +€263 | |
| Current investments | 50/53 | €180,000 | €0 | -€180,000 | -100% |
| Cash at bank and in hand | 54/58 | €26,865 | €73,560 | +€46,695 | +174% |
| Total equity and liabilities | 10/49 | €277,981 | €129,352 | -€148,629 | -53.5% |
| Equity | 10/15 | €229,567 | €96,395 | -€133,172 | -58.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €225,567 | €92,395 | -€133,172 | -59.0% |
| Distributable reserves | 133 | €225,567 | €92,395 | -€133,172 | -59.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €48,414 | €32,957 | -€15,458 | -31.9% |
| Amounts payable after more than one year | 17 | €7,394 | €0 | -€7,394 | -100% |
| Financial debts | 170/4 | €7,394 | €0 | -€7,394 | -100% |
| Amounts payable within one year | 42/48 | €41,021 | €30,757 | -€10,264 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €7,920 | €7,394 | -€526 | -6.6% |
| Financial debts | 43 | €2,656 | €0 | -€2,656 | -100% |
| Credit institutions | 430/8 | €2,656 | €0 | -€2,656 | -100% |
| Trade debts | 44 | €1,764 | €2,425 | +€660 | +37.4% |
| Suppliers | 440/4 | €1,764 | €2,425 | +€660 | +37.4% |
| Taxes, remuneration and social security | 45 | €26,881 | €18,669 | -€8,212 | -30.5% |
| Taxes | 450/3 | €26,881 | €18,669 | -€8,212 | -30.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,799 | €2,269 | +€470 | +26.1% |
| Accrued charges and deferred income | 492/3 | - | €2,200 | +€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,626 | €14,369 | +€743 | +5.5% |
| Other operating charges | 640/8 | €251 | €964 | +€714 | +285% |
| Non-recurring operating charges | 66A | - | €1,354 | +€1,354 | |
| Gross operating margin | 9900 | €97,945 | €132,609 | +€34,663 | +35.4% |
| Operating profit (loss) | 9901 | €84,068 | €115,922 | +€31,854 | +37.9% |
| Financial income | 75/76B | €0 | €3,051 | +€3,051 | +30,513,200% |
| Recurring financial income | 75 | €0 | €3,051 | +€3,051 | +30,513,200% |
| Financial charges | 65/66B | €516 | €440 | -€76 | -14.7% |
| Recurring financial charges | 65 | €516 | €440 | -€76 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €83,553 | €118,533 | +€34,981 | +41.9% |
| Income taxes | 67/77 | €17,618 | €26,138 | +€8,521 | +48.4% |
| Profit (loss) for the period | 9904 | €65,935 | €92,395 | +€26,460 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,935 | €92,395 | +€26,460 | +40.1% |
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 24 October 2026 via checked.be.