STERESTO: 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.
STERESTO
Largest movements
- Cash +€11,272
up €11,272 (+392.3%), from €2,873 to €14,145
mainly Depreciation (+€13,121) and Trade debts (+€10,658)
- Receivables within one year -€8,638
down €8,638 (-86.7%), from €9,963 to €1,325
of which Trade receivables: -€9,778
- Tangible fixed assets +€6,879
up €6,879 (+19.5%), from €35,356 to €42,235
of which Furniture and vehicles: +€16,811
- Deferred charges and accrued income +€6,798
up €6,798 (+452.4%), from €1,502 to €8,300
- Accrued charges and deferred income -€14,045
down €14,045 (-97.5%), from €14,408 to €363
- Trade debts +€10,658
up €10,658 (+156.7%), from €6,801 to €17,459
- Other debts +€7,478
up €7,478 (+41.9%), from €17,860 to €25,338
- Profit (loss) carried forward +€7,056
up €7,056 (+55.2%), from -€12,790 to -€5,734
- Current portion of long-term debt +€6,828
up €6,828 (+97.5%), from €7,001 to €13,830
- Gross operating margin +€26,602
up €26,602 (+48.6%), from €54,748 to €81,350
- Depreciation +€2,769
up €2,769 (+26.8%), from €10,351 to €13,121
- Financial charges +€2,513
up €2,513 (+238.6%), from €1,053 to €3,566
- Staff costs +€1,725
up €1,725 (+3.2%), from €53,149 to €54,874
- Financial income +€1,047
up €1,047 (+2375.8%), from €44 to €1,091
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 | €68,167 | €84,478 | +€16,311 | +23.9% |
| Fixed assets | 21/28 | €35,356 | €42,235 | +€6,879 | +19.5% |
| Tangible fixed assets | 22/27 | €35,356 | €42,235 | +€6,879 | +19.5% |
| Plant, machinery and equipment | 23 | €35,356 | €25,424 | -€9,932 | -28.1% |
| Furniture and vehicles | 24 | - | €16,811 | +€16,811 | |
| Current assets | 29/58 | €32,811 | €42,243 | +€9,432 | +28.7% |
| Stocks and contracts in progress | 3 | €18,472 | €18,472 | = | 0.0% |
| Stocks | 30/36 | €18,472 | €18,472 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,963 | €1,325 | -€8,638 | -86.7% |
| Trade receivables | 40 | €9,963 | €186 | -€9,778 | -98.1% |
| Other amounts receivable | 41 | - | €1,140 | +€1,140 | |
| Cash at bank and in hand | 54/58 | €2,873 | €14,145 | +€11,272 | +392.3% |
| Deferred charges and accrued income | 490/1 | €1,502 | €8,300 | +€6,798 | +452.4% |
| Total equity and liabilities | 10/49 | €68,167 | €84,478 | +€16,311 | +23.9% |
| Equity | 10/15 | -€3,248 | €3,808 | +€7,056 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,542 | €6,542 | = | 0.0% |
| Distributable reserves | 133 | €6,542 | €6,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,790 | -€5,734 | +€7,056 | +55.2% |
| Amounts payable | 17/49 | €71,415 | €80,670 | +€9,255 | +13.0% |
| Amounts payable after more than one year | 17 | €9,675 | €11,068 | +€1,392 | +14.4% |
| Financial debts | 170/4 | €9,675 | €11,068 | +€1,392 | +14.4% |
| Amounts payable within one year | 42/48 | €47,331 | €69,239 | +€21,907 | +46.3% |
| Current portion of amounts payable after more than one year | 42 | €7,001 | €13,830 | +€6,828 | +97.5% |
| Trade debts | 44 | €6,801 | €17,459 | +€10,658 | +156.7% |
| Suppliers | 440/4 | €6,801 | €17,459 | +€10,658 | +156.7% |
| Taxes, remuneration and social security | 45 | €15,668 | €12,612 | -€3,056 | -19.5% |
| Taxes | 450/3 | €12,129 | €9,347 | -€2,782 | -22.9% |
| Remuneration and social security | 454/9 | €3,539 | €3,265 | -€274 | -7.7% |
| Other amounts payable | 47/48 | €17,860 | €25,338 | +€7,478 | +41.9% |
| Accrued charges and deferred income | 492/3 | €14,408 | €363 | -€14,045 | -97.5% |
| Remuneration, social security and pensions | 62 | €53,149 | €54,874 | +€1,725 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,351 | €13,121 | +€2,769 | +26.8% |
| Other operating charges | 640/8 | €3,029 | €3,825 | +€796 | +26.3% |
| Gross operating margin | 9900 | €54,748 | €81,350 | +€26,602 | +48.6% |
| Operating profit (loss) | 9901 | -€11,781 | €9,531 | +€21,312 | |
| Financial income | 75/76B | €44 | €1,091 | +€1,047 | +2375.8% |
| Recurring financial income | 75 | €44 | €1,091 | +€1,047 | +2375.8% |
| Financial charges | 65/66B | €1,053 | €3,566 | +€2,513 | +238.6% |
| Recurring financial charges | 65 | €1,053 | €3,566 | +€2,513 | +238.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,790 | €7,056 | +€19,846 | |
| Profit (loss) for the period | 9904 | -€12,790 | €7,056 | +€19,846 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,790 | €7,056 | +€19,846 |
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 11 October 2026 via checked.be.