Sterckx: 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.
Sterckx
Largest movements
- Receivables within one year -€50,745
down €50,745 (-87.5%), from €58,013 to €7,268
- Cash -€15,468
down €15,468 (-79.4%), from €19,477 to €4,009
mainly Short-term financial debts (-€53,987) and Net result for the year (-€17,362)
- Financial fixed assets +€15,000
up €15,000 (+5,282%), from €284 to €15,284
- Tangible fixed assets -€6,232
down €6,232 (-67.5%), from €9,234 to €3,002
of which Furniture and vehicles: -€5,676
- Deferred charges and accrued income -€1,163
down €1,163 (-49.9%), from €2,332 to €1,169
- Short-term financial debts -€53,987
down €53,987 (-98.3%), from €54,938 to €951
- Other debts +€19,095
new in 2025: €19,095
- Profit (loss) carried forward -€17,362
down €17,362 (-54.6%), from -€31,788 to -€49,150
- Trade debts -€6,568
down €6,568 (-62.1%), from €10,568 to €4,000
- Gross operating margin +€4,539
up €4,539 (+39.1%), from -€11,616 to -€7,077
- Depreciation -€2,911
down €2,911 (-31.8%), from €9,143 to €6,232
- Financial charges -€2,730
down €2,730 (-44.8%), from €6,093 to €3,363
- Other operating charges -€200
down €200 (-22.5%), from €890 to €690
- Taxes -€156
no longer reported in 2025 (was €156)
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 | €89,340 | €30,732 | -€58,608 | -65.6% |
| Fixed assets | 21/28 | €9,518 | €18,286 | +€8,768 | +92.1% |
| Tangible fixed assets | 22/27 | €9,234 | €3,002 | -€6,232 | -67.5% |
| Plant, machinery and equipment | 23 | €556 | - | -€556 | |
| Furniture and vehicles | 24 | €8,678 | €3,002 | -€5,676 | -65.4% |
| Financial fixed assets | 28 | €284 | €15,284 | +€15,000 | +5,282% |
| Current assets | 29/58 | €79,822 | €12,446 | -€67,376 | -84.4% |
| Amounts receivable within one year | 40/41 | €58,013 | €7,268 | -€50,745 | -87.5% |
| Other amounts receivable | 41 | €58,013 | €7,268 | -€50,745 | -87.5% |
| Cash at bank and in hand | 54/58 | €19,477 | €4,009 | -€15,468 | -79.4% |
| Deferred charges and accrued income | 490/1 | €2,332 | €1,169 | -€1,163 | -49.9% |
| Total equity and liabilities | 10/49 | €89,340 | €30,732 | -€58,608 | -65.6% |
| Equity | 10/15 | €16,426 | -€936 | -€17,362 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €23,214 | €23,214 | = | 0.0% |
| Distributable reserves | 133 | €23,214 | €23,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,788 | -€49,150 | -€17,362 | -54.6% |
| Amounts payable | 17/49 | €72,914 | €31,668 | -€41,246 | -56.6% |
| Amounts payable within one year | 42/48 | €72,914 | €31,668 | -€41,246 | -56.6% |
| Financial debts | 43 | €54,938 | €951 | -€53,987 | -98.3% |
| Credit institutions | 430/8 | €54,938 | €951 | -€53,987 | -98.3% |
| Trade debts | 44 | €10,568 | €4,000 | -€6,568 | -62.1% |
| Suppliers | 440/4 | €10,568 | €4,000 | -€6,568 | -62.1% |
| Taxes, remuneration and social security | 45 | €7,408 | €7,622 | +€214 | +2.9% |
| Taxes | 450/3 | €7,408 | €7,622 | +€214 | +2.9% |
| Other amounts payable | 47/48 | - | €19,095 | +€19,095 | |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,143 | €6,232 | -€2,911 | -31.8% |
| Other operating charges | 640/8 | €890 | €690 | -€200 | -22.5% |
| Non-recurring operating charges | 66A | €3,890 | - | -€3,890 | |
| Gross operating margin | 9900 | -€11,616 | -€7,077 | +€4,539 | +39.1% |
| Operating profit (loss) | 9901 | -€25,539 | -€13,999 | +€11,540 | +45.2% |
| Financial charges | 65/66B | €6,093 | €3,363 | -€2,730 | -44.8% |
| Recurring financial charges | 65 | €6,093 | €3,363 | -€2,730 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,632 | -€17,362 | +€14,270 | +45.1% |
| Income taxes | 67/77 | €156 | - | -€156 | |
| Profit (loss) for the period | 9904 | -€31,788 | -€17,362 | +€14,426 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,788 | -€17,362 | +€14,426 | +45.4% |
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 16 October 2026 via checked.be.