STERELEC: 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.
STERELEC
Largest movements
- Stocks and contracts +€10,000
new in 2025: €10,000
- Receivables within one year +€8,253
up €8,253 (+8.5%), from €97,560 to €105,813
of which Trade receivables: +€4,978
- Tangible fixed assets +€7,143
up €7,143, from €0 to €7,143
of which Plant, machinery and equipment: +€5,833
- Cash +€5,609
up €5,609 (+9.5%), from €59,157 to €64,766
mainly Trade debts (+€14,032) and Net result for the year (+€10,348)
- Deferred charges and accrued income +€2,648
new in 2025: €2,648
- Reserves +€112,964
up €112,964 (+2824.1%), from €4,000 to €116,964
of which Distributable reserves: +€116,964
- Profit (loss) carried forward -€102,616
no longer reported in 2025 (was €102,616)
- Trade debts +€14,032
up €14,032 (+488.9%), from €2,870 to €16,902
- Tax, wage and social debts +€4,684
up €4,684 (+118.9%), from €3,938 to €8,622
- Accrued charges and deferred income +€2,734
new in 2025: €2,734
- Gross operating margin +€3,825
up €3,825 (+26.4%), from €14,506 to €18,331
- Depreciation +€1,779
new in 2025: €1,779
- Taxes +€1,590
up €1,590 (+43.5%), from €3,652 to €5,242
- Financial charges -€1,091
down €1,091 (-76.7%), from €1,422 to €331
- Financial income +€184
new in 2025: €184
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 | €156,717 | €190,370 | +€33,653 | +21.5% |
| Fixed assets | 21/28 | €0 | €7,143 | +€7,143 | |
| Tangible fixed assets | 22/27 | €0 | €7,143 | +€7,143 | |
| Plant, machinery and equipment | 23 | - | €5,833 | +€5,833 | |
| Furniture and vehicles | 24 | €0 | €1,309 | +€1,309 | |
| Current assets | 29/58 | €156,717 | €183,227 | +€26,510 | +16.9% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €97,560 | €105,813 | +€8,253 | +8.5% |
| Trade receivables | 40 | €97,560 | €102,538 | +€4,978 | +5.1% |
| Other amounts receivable | 41 | - | €3,275 | +€3,275 | |
| Cash at bank and in hand | 54/58 | €59,157 | €64,766 | +€5,609 | +9.5% |
| Deferred charges and accrued income | 490/1 | - | €2,648 | +€2,648 | |
| Total equity and liabilities | 10/49 | €156,717 | €190,370 | +€33,653 | +21.5% |
| Equity | 10/15 | €146,616 | €156,964 | +€10,348 | +7.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €116,964 | +€112,964 | +2824.1% |
| Non-distributable reserves | 130/1 | €4,000 | - | -€4,000 | |
| Reserves not available under the articles | 1311 | €4,000 | - | -€4,000 | |
| Distributable reserves | 133 | - | €116,964 | +€116,964 | |
| Profit (loss) carried forward | 14 | €102,616 | - | -€102,616 | |
| Amounts payable | 17/49 | €10,101 | €33,406 | +€23,305 | +230.7% |
| Amounts payable within one year | 42/48 | €10,101 | €30,672 | +€20,571 | +203.7% |
| Trade debts | 44 | €2,870 | €16,902 | +€14,032 | +488.9% |
| Suppliers | 440/4 | €2,870 | €16,902 | +€14,032 | +488.9% |
| Taxes, remuneration and social security | 45 | €3,938 | €8,622 | +€4,684 | +118.9% |
| Taxes | 450/3 | €3,938 | €8,622 | +€4,684 | +118.9% |
| Other amounts payable | 47/48 | €3,293 | €5,148 | +€1,855 | +56.3% |
| Accrued charges and deferred income | 492/3 | - | €2,734 | +€2,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,779 | +€1,779 | |
| Other operating charges | 640/8 | €708 | €816 | +€108 | +15.3% |
| Gross operating margin | 9900 | €14,506 | €18,331 | +€3,825 | +26.4% |
| Operating profit (loss) | 9901 | €13,798 | €15,736 | +€1,938 | +14.0% |
| Financial income | 75/76B | - | €184 | +€184 | |
| Recurring financial income | 75 | - | €184 | +€184 | |
| Financial charges | 65/66B | €1,422 | €331 | -€1,091 | -76.7% |
| Recurring financial charges | 65 | €1,422 | €331 | -€1,091 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €12,376 | €15,589 | +€3,213 | +26.0% |
| Income taxes | 67/77 | €3,652 | €5,242 | +€1,590 | +43.5% |
| Profit (loss) for the period | 9904 | €8,724 | €10,348 | +€1,624 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,724 | €10,348 | +€1,624 | +18.6% |
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 6 October 2026 via checked.be.