STERK: 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.
STERK
Largest movements
- Cash -€39,143
down €39,143 (-39.2%), from €99,806 to €60,663
mainly Contributions, distributions and other (-€56,656) and Tax, wage and social debts (-€48,041)
- Tangible fixed assets +€14,533
up €14,533 (+66.0%), from €22,019 to €36,552
of which Furniture and vehicles: +€11,399
- Receivables within one year -€7,850
down €7,850 (-22.5%), from €34,913 to €27,063
of which Trade receivables: -€12,834
- Receivables after one year +€5,565
up €5,565 (+5.8%), from €95,464 to €101,029
- Financial fixed assets -€4,000
down €4,000 (-93.0%), from €4,300 to €300
- Tax, wage and social debts -€48,041
no longer reported in 2025 (was €48,041)
- Other debts +€43,352
up €43,352 (+480.2%), from €9,027 to €52,379
- Reserves -€23,640
down €23,640 (-17.6%), from €134,542 to €110,902
- Trade debts -€16,334
down €16,334 (-93.1%), from €17,535 to €1,201
- Short-term financial debts +€16,000
new in 2025: €16,000
- Other operating charges -€82,510
down €82,510 (-99.8%), from €82,655 to €144
- Gross operating margin -€14,596
down €14,596 (-20.9%), from €69,821 to €55,225
- Taxes +€14,480
new in 2025: €14,480
- Provisions +€13,757
no longer reported in 2025 (was -€13,757)
- Financial income +€6,878
up €6,878 (+6756.2%), from €102 to €6,980
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 | €256,502 | €225,924 | -€30,578 | -11.9% |
| Fixed assets | 21/28 | €26,319 | €37,170 | +€10,850 | +41.2% |
| Intangible fixed assets | 21 | - | €317 | +€317 | |
| Tangible fixed assets | 22/27 | €22,019 | €36,552 | +€14,533 | +66.0% |
| Plant, machinery and equipment | 23 | - | €3,134 | +€3,134 | |
| Furniture and vehicles | 24 | €22,019 | €33,419 | +€11,399 | +51.8% |
| Financial fixed assets | 28 | €4,300 | €300 | -€4,000 | -93.0% |
| Current assets | 29/58 | €230,183 | €188,754 | -€41,428 | -18.0% |
| Amounts receivable after more than one year | 29 | €95,464 | €101,029 | +€5,565 | +5.8% |
| Other amounts receivable | 291 | €95,464 | €101,029 | +€5,565 | +5.8% |
| Amounts receivable within one year | 40/41 | €34,913 | €27,063 | -€7,850 | -22.5% |
| Trade receivables | 40 | €22,924 | €10,090 | -€12,834 | -56.0% |
| Other amounts receivable | 41 | €11,989 | €16,973 | +€4,984 | +41.6% |
| Cash at bank and in hand | 54/58 | €99,806 | €60,663 | -€39,143 | -39.2% |
| Total equity and liabilities | 10/49 | €256,502 | €225,924 | -€30,578 | -11.9% |
| Equity | 10/15 | €133,103 | €112,902 | -€20,201 | -15.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €134,542 | €110,902 | -€23,640 | -17.6% |
| Distributable reserves | 133 | €134,542 | €110,902 | -€23,640 | -17.6% |
| Profit (loss) carried forward | 14 | -€3,439 | - | +€3,439 | |
| Amounts payable | 17/49 | €123,399 | €113,022 | -€10,377 | -8.4% |
| Amounts payable after more than one year | 17 | €43,654 | €31,126 | -€12,529 | -28.7% |
| Financial debts | 170/4 | €43,654 | €31,126 | -€12,529 | -28.7% |
| Amounts payable within one year | 42/48 | €79,744 | €79,700 | -€45 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,141 | €10,119 | +€4,978 | +96.8% |
| Financial debts | 43 | - | €16,000 | +€16,000 | |
| Credit institutions | 430/8 | - | €16,000 | +€16,000 | |
| Trade debts | 44 | €17,535 | €1,201 | -€16,334 | -93.1% |
| Suppliers | 440/4 | €17,535 | €1,201 | -€16,334 | -93.1% |
| Taxes, remuneration and social security | 45 | €48,041 | - | -€48,041 | |
| Taxes | 450/3 | €48,041 | - | -€48,041 | |
| Other amounts payable | 47/48 | €9,027 | €52,379 | +€43,352 | +480.2% |
| Accrued charges and deferred income | 492/3 | - | €2,196 | +€2,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,120 | €7,839 | +€4,720 | +151.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€13,757 | - | +€13,757 | |
| Other operating charges | 640/8 | €82,655 | €144 | -€82,510 | -99.8% |
| Gross operating margin | 9900 | €69,821 | €55,225 | -€14,596 | -20.9% |
| Operating profit (loss) | 9901 | -€2,196 | €47,242 | +€49,438 | |
| Financial income | 75/76B | €102 | €6,980 | +€6,878 | +6756.2% |
| Recurring financial income | 75 | €102 | €6,980 | +€6,878 | +6756.2% |
| Financial charges | 65/66B | €1,345 | €3,287 | +€1,943 | +144.5% |
| Recurring financial charges | 65 | €1,345 | €3,287 | +€1,943 | +144.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,439 | €50,935 | +€54,373 | |
| Income taxes | 67/77 | - | €14,480 | +€14,480 | |
| Profit (loss) for the period | 9904 | -€3,439 | €36,455 | +€39,893 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,439 | €36,455 | +€39,893 |
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.