STERK BE: 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 BE
Largest movements
- Stocks and contracts -€70,150
down €70,150 (-76.6%), from €91,640 to €21,489
- Cash +€56,584
up €56,584 (+934.9%), from €6,052 to €62,637
mainly Net result for the year (+€91,572) and Stocks and contracts (+€70,150)
- Tangible fixed assets +€28,062
up €28,062 (+65.2%), from €43,019 to €71,081
- Receivables within one year -€24,093
down €24,093 (-5.3%), from €458,232 to €434,139
- Trade debts -€182,861
down €182,861 (-67.6%), from €270,539 to €87,678
- Profit (loss) carried forward +€91,572
up €91,572 (+55.5%), from €165,128 to €256,700
- Tax, wage and social debts +€40,156
up €40,156 (+487.4%), from €8,239 to €48,395
- Debts after one year +€31,666
up €31,666 (+36.6%), from €86,609 to €118,274
- Short-term financial debts +€24,355
new in 2025: €24,355
- Gross operating margin +€140,238
up €140,238 (+146.8%), from €95,537 to €235,775
- Write-downs +€40,362
new in 2025: €40,362
- Taxes +€17,412
up €17,412 (+108.6%), from €16,036 to €33,448
- Other operating charges +€10,884
up €10,884 (+15548.3%), from €70 to €10,954
- Depreciation -€8,556
down €8,556 (-31.7%), from €27,030 to €18,473
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 | €599,622 | €590,025 | -€9,597 | -1.6% |
| Fixed assets | 21/28 | €43,139 | €71,201 | +€28,062 | +65.1% |
| Tangible fixed assets | 22/27 | €43,019 | €71,081 | +€28,062 | +65.2% |
| Furniture and vehicles | 24 | €43,019 | €71,081 | +€28,062 | +65.2% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €556,483 | €518,824 | -€37,659 | -6.8% |
| Stocks and contracts in progress | 3 | €91,640 | €21,489 | -€70,150 | -76.6% |
| Stocks | 30/36 | €91,640 | €21,489 | -€70,150 | -76.6% |
| Amounts receivable within one year | 40/41 | €458,232 | €434,139 | -€24,093 | -5.3% |
| Trade receivables | 40 | €458,232 | €434,139 | -€24,093 | -5.3% |
| Cash at bank and in hand | 54/58 | €6,052 | €62,637 | +€56,584 | +934.9% |
| Deferred charges and accrued income | 490/1 | €559 | €559 | = | 0.0% |
| Total equity and liabilities | 10/49 | €599,622 | €590,025 | -€9,597 | -1.6% |
| Equity | 10/15 | €180,288 | €271,860 | +€91,572 | +50.8% |
| Contributions | 10/11 | €13,300 | €15,160 | +€1,860 | +14.0% |
| Capital | 10 | €13,300 | - | -€13,300 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €5,300 | - | -€5,300 | |
| Contributions outside capital | 11 | - | €15,160 | +€15,160 | |
| Other | 1109/19 | - | €15,160 | +€15,160 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €165,128 | €256,700 | +€91,572 | +55.5% |
| Amounts payable | 17/49 | €419,333 | €318,165 | -€101,169 | -24.1% |
| Amounts payable after more than one year | 17 | €86,609 | €118,274 | +€31,666 | +36.6% |
| Financial debts | 170/4 | €86,609 | €118,274 | +€31,666 | +36.6% |
| Amounts payable within one year | 42/48 | €332,725 | €199,891 | -€132,834 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €35,058 | €39,462 | +€4,404 | +12.6% |
| Financial debts | 43 | - | €24,355 | +€24,355 | |
| Credit institutions | 430/8 | - | €24,355 | +€24,355 | |
| Trade debts | 44 | €270,539 | €87,678 | -€182,861 | -67.6% |
| Suppliers | 440/4 | €270,539 | €87,678 | -€182,861 | -67.6% |
| Taxes, remuneration and social security | 45 | €8,239 | €48,395 | +€40,156 | +487.4% |
| Taxes | 450/3 | €8,239 | €48,395 | +€40,156 | +487.4% |
| Other amounts payable | 47/48 | €18,889 | - | -€18,889 | |
| Remuneration, social security and pensions | 62 | €35,991 | €33,859 | -€2,132 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,030 | €18,473 | -€8,556 | -31.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €40,362 | +€40,362 | |
| Other operating charges | 640/8 | €70 | €10,954 | +€10,884 | +15548.3% |
| Gross operating margin | 9900 | €95,537 | €235,775 | +€140,238 | +146.8% |
| Operating profit (loss) | 9901 | €32,446 | €132,127 | +€99,680 | +307.2% |
| Financial charges | 65/66B | €4,897 | €7,107 | +€2,210 | +45.1% |
| Recurring financial charges | 65 | €4,897 | €7,107 | +€2,210 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €27,549 | €125,020 | +€97,470 | +353.8% |
| Income taxes | 67/77 | €16,036 | €33,448 | +€17,412 | +108.6% |
| Profit (loss) for the period | 9904 | €11,513 | €91,572 | +€80,058 | +695.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,513 | €91,572 | +€80,058 | +695.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.