STERKE ARMEN: what changed
What changed
STERKE ARMEN
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
€10,280
2024 · €21,398-€11,119
Equity
€65,236
2024 · €54,956+€10,280
Cash
€6,276
2024 · €3,309+€2,967
Balance sheet total
€189,683
2024 · €118,791+€70,892
Largest movements
Assets
- Tangible fixed assets +€58,974
up €58,974 (+101%), from €58,224 to €117,198
of which Land and buildings: +€77,911
- Receivables within one year +€10,772
up €10,772 (+20.5%), from €52,625 to €63,397
of which Trade receivables: +€9,528
- Cash +€2,967
up €2,967 (+89.7%), from €3,309 to €6,276
mainly Debts after one year (+€37,319) and Depreciation (+€21,085)
Equity and liabilities
- Debts after one year +€37,319
up €37,319 (+94.8%), from €39,378 to €76,697
- Other debts +€16,705
up €16,705 (+123%), from €13,566 to €30,272
- Reserves +€10,280
up €10,280 (+33.4%), from €30,768 to €41,048
- Current portion of long-term debt +€7,246
up €7,246 (+95.4%), from €7,597 to €14,843
Income statement
- Gross operating margin -€21,781
down €21,781 (-35.2%), from €61,814 to €40,032
- Depreciation -€7,628
down €7,628 (-26.6%), from €28,713 to €21,085
- Taxes -€4,157
down €4,157 (-48.8%), from €8,517 to €4,360
- Financial charges +€2,084
up €2,084 (+175%), from €1,189 to €3,273
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21,398
Gross operating margin
-€21,781
Depreciation
+€7,628
Other operating charges
-€363
Other operating items
+€1,327
Financial income
-€2
Financial charges
-€2,084
Taxes
+€4,157
Result 2025
€10,280
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€38,363
Investment
-€79,961
Financing
+€44,565
Cash 2024
€3,309
From operations (derived)
+€38,363
Net result for the year
+€10,280
Depreciation
+€21,085
Receivables within one year
-€10,772
Deferred charges and accrued income
+€1,723
Trade debts
+€554
Tax, wage and social debts
-€717
Other debts
+€16,705
Accrued charges and deferred income
-€496
Investment (derived)
-€79,961
Investment in fixed assets (net)
-€79,961
Financing
+€44,565
Debts after one year
+€37,319
Current portion of long-term debt
+€7,246
Cash 2025
€6,276
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €118,791 | €189,683 | +€70,892 | +59.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €58,711 | €117,588 | +€58,877 | +100% |
| Intangible fixed assets | 21 | €487 | €390 | -€97 | -20.0% |
| Tangible fixed assets | 22/27 | €58,224 | €117,198 | +€58,974 | +101% |
| Land and buildings | 22 | - | €77,911 | +€77,911 | |
| Plant, machinery and equipment | 23 | €2,492 | €1,901 | -€591 | -23.7% |
| Furniture and vehicles | 24 | €55,732 | €37,386 | -€18,346 | -32.9% |
| Current assets | 29/58 | €60,080 | €72,096 | +€12,015 | +20.0% |
| Amounts receivable within one year | 40/41 | €52,625 | €63,397 | +€10,772 | +20.5% |
| Trade receivables | 40 | €45,117 | €54,645 | +€9,528 | +21.1% |
| Other amounts receivable | 41 | €7,508 | €8,752 | +€1,244 | +16.6% |
| Cash at bank and in hand | 54/58 | €3,309 | €6,276 | +€2,967 | +89.7% |
| Deferred charges and accrued income | 490/1 | €4,146 | €2,423 | -€1,723 | -41.6% |
| Total equity and liabilities | 10/49 | €118,791 | €189,683 | +€70,892 | +59.7% |
| Equity | 10/15 | €54,956 | €65,236 | +€10,280 | +18.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,768 | €41,048 | +€10,280 | +33.4% |
| Distributable reserves | 133 | €30,768 | €41,048 | +€10,280 | +33.4% |
| Profit (loss) carried forward | 14 | €21,188 | €21,188 | = | 0.0% |
| Amounts payable | 17/49 | €63,835 | €124,448 | +€60,612 | +95.0% |
| Amounts payable after more than one year | 17 | €39,378 | €76,697 | +€37,319 | +94.8% |
| Financial debts | 170/4 | €39,378 | €76,697 | +€37,319 | +94.8% |
| Amounts payable within one year | 42/48 | €23,962 | €47,751 | +€23,789 | +99.3% |
| Current portion of amounts payable after more than one year | 42 | €7,597 | €14,843 | +€7,246 | +95.4% |
| Trade debts | 44 | €282 | €836 | +€554 | +197% |
| Suppliers | 440/4 | €282 | €836 | +€554 | +197% |
| Taxes, remuneration and social security | 45 | €2,517 | €1,800 | -€717 | -28.5% |
| Taxes | 450/3 | €2,517 | €1,800 | -€717 | -28.5% |
| Other amounts payable | 47/48 | €13,566 | €30,272 | +€16,705 | +123% |
| Accrued charges and deferred income | 492/3 | €496 | - | -€496 | |
| Non-recurring operating income | 76A | €2,190 | - | -€2,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,713 | €21,085 | -€7,628 | -26.6% |
| Other operating charges | 640/8 | €672 | €1,035 | +€363 | +53.9% |
| Non-recurring operating charges | 66A | €1,327 | - | -€1,327 | |
| Gross operating margin | 9900 | €61,814 | €40,032 | -€21,781 | -35.2% |
| Operating profit (loss) | 9901 | €31,101 | €17,912 | -€13,189 | -42.4% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,189 | €3,273 | +€2,084 | +175% |
| Recurring financial charges | 65 | €1,189 | €3,273 | +€2,084 | +175% |
| Profit (loss) for the period before taxes | 9903 | €29,915 | €14,639 | -€15,276 | -51.1% |
| Income taxes | 67/77 | €8,517 | €4,360 | -€4,157 | -48.8% |
| Profit (loss) for the period | 9904 | €21,398 | €10,280 | -€11,119 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,398 | €10,280 | -€11,119 | -52.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.