Sterckxhof: what changed
What changed
Sterckxhof
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
-€122,020
2024 · -€159,977+€37,957
Equity
€448,981
2024 · €571,001-€122,020
Cash
€24,109
2024 · €16,883+€7,226
Balance sheet total
€849,994
2024 · €938,906-€88,912
Largest movements
Assets
- Tangible fixed assets -€56,448
down €56,448 (-7.9%), from €717,090 to €660,643
- Intangible fixed assets -€24,000
down €24,000 (-14.8%), from €162,000 to €138,000
- Receivables within one year -€18,449
down €18,449 (-50.4%), from €36,616 to €18,167
of which Trade receivables: -€18,380
Equity and liabilities
- Profit (loss) carried forward -€122,020
down €122,020 (-27.3%), from -€447,599 to -€569,619
- Other debts +€31,647
up €31,647 (+9.3%), from €338,746 to €370,393
Income statement
- Gross operating margin +€37,266
up €37,266 (+251%), from €14,875 to €52,141
- Staff costs +€5,166
up €5,166 (+8.9%), from €58,262 to €63,428
- Financial charges -€4,816
down €4,816 (-54.1%), from €8,903 to €4,087
- Depreciation -€1,982
down €1,982 (-1.9%), from €103,214 to €101,232
- Other operating charges +€943
up €943 (+21.1%), from €4,473 to €5,416
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€159,977
Gross operating margin
+€37,266
Staff costs
-€5,166
Depreciation
+€1,982
Other operating charges
-€943
Financial income
+€2
Financial charges
+€4,816
Result 2025
-€122,020
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,028
Investment
-€20,784
Financing
+€1,982
Cash 2024
€16,883
From operations (derived)
+€26,028
Net result for the year
-€122,020
Depreciation
+€101,232
Stocks and contracts
-€1,202
Receivables within one year
+€18,449
Deferred charges and accrued income
-€1,556
Trade debts
-€4,636
Tax, wage and social debts
+€2,115
Advances received
+€2,000
Other debts
+€31,647
Investment (derived)
-€20,784
Investment in fixed assets (net)
-€20,784
Financing
+€1,982
Short-term financial debts
+€1,982
Cash 2025
€24,109
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €938,906 | €849,994 | -€88,912 | -9.5% |
| Fixed assets | 21/28 | €879,453 | €799,006 | -€80,448 | -9.1% |
| Intangible fixed assets | 21 | €162,000 | €138,000 | -€24,000 | -14.8% |
| Tangible fixed assets | 22/27 | €717,090 | €660,643 | -€56,448 | -7.9% |
| Land and buildings | 22 | €521,661 | €498,055 | -€23,606 | -4.5% |
| Plant, machinery and equipment | 23 | €84,520 | €65,267 | -€19,253 | -22.8% |
| Furniture and vehicles | 24 | €110,909 | €97,321 | -€13,588 | -12.3% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €59,453 | €50,988 | -€8,464 | -14.2% |
| Stocks and contracts in progress | 3 | €5,562 | €6,765 | +€1,202 | +21.6% |
| Stocks | 30/36 | €5,562 | €6,765 | +€1,202 | +21.6% |
| Amounts receivable within one year | 40/41 | €36,616 | €18,167 | -€18,449 | -50.4% |
| Trade receivables | 40 | €35,262 | €16,882 | -€18,380 | -52.1% |
| Other amounts receivable | 41 | €1,354 | €1,285 | -€69 | -5.1% |
| Cash at bank and in hand | 54/58 | €16,883 | €24,109 | +€7,226 | +42.8% |
| Deferred charges and accrued income | 490/1 | €391 | €1,947 | +€1,556 | +398% |
| Total equity and liabilities | 10/49 | €938,906 | €849,994 | -€88,912 | -9.5% |
| Equity | 10/15 | €571,001 | €448,981 | -€122,020 | -21.4% |
| Contributions | 10/11 | €1,018,600 | €1,018,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€447,599 | -€569,619 | -€122,020 | -27.3% |
| Amounts payable | 17/49 | €367,905 | €401,013 | +€33,108 | +9.0% |
| Amounts payable within one year | 42/48 | €367,905 | €401,013 | +€33,108 | +9.0% |
| Financial debts | 43 | €27 | €2,009 | +€1,982 | +7,455% |
| Credit institutions | 430/8 | €27 | €2,009 | +€1,982 | +7,455% |
| Trade debts | 44 | €20,605 | €15,969 | -€4,636 | -22.5% |
| Suppliers | 440/4 | €20,605 | €15,969 | -€4,636 | -22.5% |
| Advances received on contracts in progress | 46 | €0 | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €8,527 | €10,642 | +€2,115 | +24.8% |
| Taxes | 450/3 | €2,565 | €4,367 | +€1,802 | +70.2% |
| Remuneration and social security | 454/9 | €5,963 | €6,275 | +€313 | +5.2% |
| Other amounts payable | 47/48 | €338,746 | €370,393 | +€31,647 | +9.3% |
| Non-recurring operating income | 76A | €595 | €0 | -€595 | -100% |
| Remuneration, social security and pensions | 62 | €58,262 | €63,428 | +€5,166 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,214 | €101,232 | -€1,982 | -1.9% |
| Other operating charges | 640/8 | €4,473 | €5,416 | +€943 | +21.1% |
| Gross operating margin | 9900 | €14,875 | €52,141 | +€37,266 | +251% |
| Operating profit (loss) | 9901 | -€151,074 | -€117,935 | +€33,139 | +21.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €8,903 | €4,087 | -€4,816 | -54.1% |
| Recurring financial charges | 65 | €8,903 | €4,087 | -€4,816 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€159,977 | -€122,020 | +€37,957 | +23.7% |
| Profit (loss) for the period | 9904 | -€159,977 | -€122,020 | +€37,957 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€159,977 | -€122,020 | +€37,957 | +23.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.