Sterckx: what changed
Two fiscal 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.
Sterckx
Largest movements
- Cash +€136,689
up €136,689 (+49.5%), from €276,048 to €412,737
mainly Net result for the year (+€699,378) and Other debts (+€156,099)
- Intangible fixed assets +€17,986
new in 2025: €17,986
- Profit (loss) carried forward +€665,000
up €665,000, from €0 to €665,000
- Reserves -€639,970
down €639,970 (-83.7%), from €764,273 to €124,303
- Other debts +€156,099
up €156,099 (+393.6%), from €39,663 to €195,762
- Trade debts -€17,479
down €17,479 (-77.3%), from €22,622 to €5,143
- Other operating charges -€63,175
down €63,175 (-98.1%), from €64,413 to €1,238
- Taxes +€15,983
up €15,983 (+7.6%), from €209,134 to €225,117
- Gross operating margin +€10,157
up €10,157 (+1.1%), from €921,918 to €932,075
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.
Cash bridge derived
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 | €841,183 | €997,682 | +€156,499 | +18.6% |
| Fixed assets | 21/28 | €13,161 | €23,105 | +€9,944 | +75.6% |
| Intangible fixed assets | 21 | - | €17,986 | +€17,986 | |
| Tangible fixed assets | 22/27 | €13,161 | €5,119 | -€8,042 | -61.1% |
| Plant, machinery and equipment | 23 | €8,507 | €4,249 | -€4,259 | -50.1% |
| Furniture and vehicles | 24 | €4,654 | €871 | -€3,783 | -81.3% |
| Current assets | 29/58 | €828,022 | €974,577 | +€146,555 | +17.7% |
| Amounts receivable within one year | 40/41 | €522,478 | €528,278 | +€5,800 | +1.1% |
| Trade receivables | 40 | €483,496 | €489,734 | +€6,238 | +1.3% |
| Other amounts receivable | 41 | €38,982 | €38,544 | -€438 | -1.1% |
| Current investments | 50/53 | €29,496 | €29,496 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €276,048 | €412,737 | +€136,689 | +49.5% |
| Deferred charges and accrued income | 490/1 | - | €4,066 | +€4,066 | |
| Total equity and liabilities | 10/49 | €841,183 | €997,682 | +€156,499 | +18.6% |
| Equity | 10/15 | €766,273 | €791,303 | +€25,030 | +3.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €764,273 | €124,303 | -€639,970 | -83.7% |
| Distributable reserves | 133 | €764,273 | €124,303 | -€639,970 | -83.7% |
| Profit (loss) carried forward | 14 | €0 | €665,000 | +€665,000 | |
| Amounts payable | 17/49 | €74,911 | €206,380 | +€131,469 | +175.5% |
| Amounts payable within one year | 42/48 | €74,911 | €205,357 | +€130,446 | +174.1% |
| Financial debts | 43 | €5,547 | €0 | -€5,547 | -100.0% |
| Credit institutions | 430/8 | €5,547 | €0 | -€5,547 | -100.0% |
| Trade debts | 44 | €22,622 | €5,143 | -€17,479 | -77.3% |
| Suppliers | 440/4 | €22,622 | €5,143 | -€17,479 | -77.3% |
| Taxes, remuneration and social security | 45 | €7,079 | €4,452 | -€2,627 | -37.1% |
| Taxes | 450/3 | €5,079 | €4,452 | -€627 | -12.3% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €39,663 | €195,762 | +€156,099 | +393.6% |
| Accrued charges and deferred income | 492/3 | - | €1,023 | +€1,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,689 | €5,405 | -€3,283 | -37.8% |
| Other operating charges | 640/8 | €64,413 | €1,238 | -€63,175 | -98.1% |
| Gross operating margin | 9900 | €921,918 | €932,075 | +€10,157 | +1.1% |
| Operating profit (loss) | 9901 | €848,816 | €925,432 | +€76,616 | +9.0% |
| Financial income | 75/76B | €4,480 | €4,417 | -€64 | -1.4% |
| Recurring financial income | 75 | €4,480 | €4,417 | -€64 | -1.4% |
| Financial charges | 65/66B | €4,192 | €5,353 | +€1,161 | +27.7% |
| Recurring financial charges | 65 | €4,192 | €5,353 | +€1,161 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €849,104 | €924,495 | +€75,391 | +8.9% |
| Income taxes | 67/77 | €209,134 | €225,117 | +€15,983 | +7.6% |
| Profit (loss) for the period | 9904 | €639,970 | €699,378 | +€59,408 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €639,970 | €699,378 | +€59,408 | +9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.