STERKK: 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.
STERKK
Largest movements
- Cash -€84,448
down €84,448 (-82.5%), from €102,326 to €17,878
mainly Other debts (-€42,031) and Debts after one year (-€23,356)
- Tangible fixed assets -€14,273
down €14,273 (-2.2%), from €640,178 to €625,905
of which Land and buildings: -€13,032
- Receivables within one year +€13,821
up €13,821 (+388%), from €3,562 to €17,382
of which Trade receivables: +€15,262
- Intangible fixed assets -€9,440
down €9,440 (-19.6%), from €48,144 to €38,704
- Other debts -€42,031
down €42,031 (-10.0%), from €422,389 to €380,358
- Debts after one year -€23,356
down €23,356 (-4.5%), from €524,830 to €501,474
- Profit (loss) carried forward -€20,542
down €20,542 (-9.1%), from -€225,116 to -€245,659
- Trade debts -€11,806
down €11,806 (-41.5%), from €28,433 to €16,628
- Gross operating margin +€66,978
up €66,978, from -€33,848 to €33,130
- Depreciation +€4,998
up €4,998 (+19.0%), from €26,311 to €31,308
- Financial charges -€1,096
down €1,096 (-5.0%), from €22,049 to €20,953
- Other operating charges -€641
down €641 (-32.5%), from €1,970 to €1,329
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.
Derived cash bridge
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 | €794,210 | €699,869 | -€94,341 | -11.9% |
| Fixed assets | 21/28 | €688,322 | €664,609 | -€23,714 | -3.4% |
| Intangible fixed assets | 21 | €48,144 | €38,704 | -€9,440 | -19.6% |
| Tangible fixed assets | 22/27 | €640,178 | €625,905 | -€14,273 | -2.2% |
| Land and buildings | 22 | €619,034 | €606,002 | -€13,032 | -2.1% |
| Plant, machinery and equipment | 23 | €14,068 | €13,796 | -€272 | -1.9% |
| Furniture and vehicles | 24 | €7,077 | €6,107 | -€970 | -13.7% |
| Current assets | 29/58 | €105,888 | €35,260 | -€70,628 | -66.7% |
| Amounts receivable within one year | 40/41 | €3,562 | €17,382 | +€13,821 | +388% |
| Trade receivables | 40 | €1,922 | €17,183 | +€15,262 | +794% |
| Other amounts receivable | 41 | €1,640 | €199 | -€1,441 | -87.9% |
| Cash at bank and in hand | 54/58 | €102,326 | €17,878 | -€84,448 | -82.5% |
| Total equity and liabilities | 10/49 | €794,210 | €699,869 | -€94,341 | -11.9% |
| Equity | 10/15 | -€204,635 | -€225,177 | -€20,542 | -10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,881 | €1,881 | = | 0.0% |
| Distributable reserves | 133 | €1,881 | €1,881 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,116 | -€245,659 | -€20,542 | -9.1% |
| Amounts payable | 17/49 | €998,845 | €925,046 | -€73,799 | -7.4% |
| Amounts payable after more than one year | 17 | €524,830 | €501,474 | -€23,356 | -4.5% |
| Financial debts | 170/4 | €524,830 | €501,474 | -€23,356 | -4.5% |
| Amounts payable within one year | 42/48 | €474,015 | €422,703 | -€51,312 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €22,240 | €23,356 | +€1,116 | +5.0% |
| Trade debts | 44 | €28,433 | €16,628 | -€11,806 | -41.5% |
| Suppliers | 440/4 | €28,433 | €16,628 | -€11,806 | -41.5% |
| Taxes, remuneration and social security | 45 | €953 | €2,361 | +€1,408 | +148% |
| Taxes | 450/3 | €953 | €2,361 | +€1,408 | +148% |
| Other amounts payable | 47/48 | €422,389 | €380,358 | -€42,031 | -10.0% |
| Accrued charges and deferred income | 492/3 | - | €869 | +€869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,311 | €31,308 | +€4,998 | +19.0% |
| Other operating charges | 640/8 | €1,970 | €1,329 | -€641 | -32.5% |
| Non-recurring operating charges | 66A | €1,280 | - | -€1,280 | |
| Gross operating margin | 9900 | -€33,848 | €33,130 | +€66,978 | |
| Operating profit (loss) | 9901 | -€63,409 | €492 | +€63,901 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +678% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +678% |
| Financial charges | 65/66B | €22,049 | €20,953 | -€1,096 | -5.0% |
| Recurring financial charges | 65 | €22,049 | €20,953 | -€1,096 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | -€85,457 | -€20,460 | +€64,998 | +76.1% |
| Income taxes | 67/77 | €109 | €83 | -€27 | -24.4% |
| Profit (loss) for the period | 9904 | -€85,567 | -€20,542 | +€65,024 | +76.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€85,567 | -€20,542 | +€65,024 | +76.0% |
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 22 October 2026 via checked.be.