STERHOLD: 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.
STERHOLD
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€46,898
up €46,898 (+13.4%), from -€348,839 to -€301,942
- Other debts -€22,200
down €22,200 (-48.6%), from €45,700 to €23,500
- Financial income +€18,462
up €18,462 (+57.2%), from €32,258 to €50,720
- Gross operating margin +€1,123
up €1,123 (+73.9%), from €1,520 to €2,644
- Taxes +€507
new in 2025: €507
- Financial charges +€360
up €360 (+14.4%), from €2,491 to €2,851
- Other operating charges +€73
up €73 (+3.6%), from €2,053 to €2,127
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 | €1,345,277 | €1,362,054 | +€16,777 | +1.2% |
| Fixed assets | 21/28 | €132,644 | €131,662 | -€981 | -0.7% |
| Tangible fixed assets | 22/27 | €132,644 | €131,662 | -€981 | -0.7% |
| Land and buildings | 22 | €132,644 | €131,662 | -€981 | -0.7% |
| Current assets | 29/58 | €1,212,633 | €1,230,392 | +€17,759 | +1.5% |
| Amounts receivable after more than one year | 29 | €812,800 | €815,400 | +€2,600 | +0.3% |
| Other amounts receivable | 291 | €812,800 | €815,400 | +€2,600 | +0.3% |
| Amounts receivable within one year | 40/41 | €10,330 | €20,026 | +€9,696 | +93.9% |
| Other amounts receivable | 41 | €10,330 | €20,026 | +€9,696 | +93.9% |
| Current investments | 50/53 | €319,093 | €323,684 | +€4,591 | +1.4% |
| Cash at bank and in hand | 54/58 | €45,610 | €45,702 | +€92 | +0.2% |
| Deferred charges and accrued income | 490/1 | €24,800 | €25,580 | +€780 | +3.1% |
| Total equity and liabilities | 10/49 | €1,345,277 | €1,362,054 | +€16,777 | +1.2% |
| Equity | 10/15 | €1,231,075 | €1,277,972 | +€46,898 | +3.8% |
| Contributions | 10/11 | €1,436,286 | €1,436,286 | = | 0.0% |
| Capital | 10 | €1,436,286 | €1,436,286 | = | 0.0% |
| Issued capital | 100 | €1,436,286 | €1,436,286 | = | 0.0% |
| Reserves | 13 | €143,629 | €143,629 | = | 0.0% |
| Non-distributable reserves | 130/1 | €143,629 | €143,629 | = | 0.0% |
| Legal reserve | 130 | €143,629 | €143,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€348,839 | -€301,942 | +€46,898 | +13.4% |
| Amounts payable | 17/49 | €114,202 | €84,082 | -€30,120 | -26.4% |
| Amounts payable within one year | 42/48 | €45,700 | €23,500 | -€22,200 | -48.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €45,700 | €23,500 | -€22,200 | -48.6% |
| Accrued charges and deferred income | 492/3 | €68,502 | €60,582 | -€7,920 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €934 | €981 | +€47 | +5.1% |
| Other operating charges | 640/8 | €2,053 | €2,127 | +€73 | +3.6% |
| Gross operating margin | 9900 | €1,520 | €2,644 | +€1,123 | +73.9% |
| Operating profit (loss) | 9901 | -€1,467 | -€465 | +€1,003 | +68.3% |
| Financial income | 75/76B | €32,258 | €50,720 | +€18,462 | +57.2% |
| Recurring financial income | 75 | €32,258 | €50,720 | +€18,462 | +57.2% |
| Financial charges | 65/66B | €2,491 | €2,851 | +€360 | +14.4% |
| Recurring financial charges | 65 | €2,491 | €2,851 | +€360 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €28,299 | €47,405 | +€19,105 | +67.5% |
| Income taxes | 67/77 | - | €507 | +€507 | |
| Profit (loss) for the period | 9904 | €28,299 | €46,898 | +€18,598 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,299 | €46,898 | +€18,598 | +65.7% |
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 10 October 2026 via checked.be.