Sterkstokers: 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.
Sterkstokers
Largest movements
- Stocks and contracts +€66,267
up €66,267 (+16.6%), from €398,141 to €464,408
- Receivables within one year -€63,191
down €63,191 (-45.3%), from €139,447 to €76,256
of which Trade receivables: -€32,096
- Cash +€51,114
up €51,114 (+56.5%), from €90,459 to €141,573
mainly Depreciation (+€116,365) and Receivables within one year (+€63,191)
- Intangible fixed assets -€31,193
down €31,193 (-17.5%), from €178,209 to €147,016
- Tangible fixed assets -€28,855
down €28,855 (-9.8%), from €293,929 to €265,074
of which Land and buildings: -€23,997
- Other debts +€54,577
up €54,577 (+12.1%), from €452,376 to €506,953
- Trade debts -€39,533
down €39,533 (-54.5%), from €72,529 to €32,996
- Advances received -€35,100
no longer reported in 2025 (was €35,100)
- Current portion of long-term debt +€16,815
up €16,815 (+131.7%), from €12,764 to €29,579
- Staff costs -€49,502
down €49,502 (-11.3%), from €439,763 to €390,261
- Other operating charges +€34,318
up €34,318 (+233.8%), from €14,675 to €48,993
- Depreciation -€16,468
down €16,468 (-12.4%), from €132,834 to €116,365
- Gross operating margin -€12,923
down €12,923 (-2.0%), from €640,814 to €627,890
- Financial charges -€10,569
down €10,569 (-62.6%), from €16,896 to €6,327
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 | €1,131,536 | €1,124,676 | -€6,859 | -0.6% |
| Fixed assets | 21/28 | €502,489 | €442,440 | -€60,049 | -12.0% |
| Intangible fixed assets | 21 | €178,209 | €147,016 | -€31,193 | -17.5% |
| Tangible fixed assets | 22/27 | €293,929 | €265,074 | -€28,855 | -9.8% |
| Land and buildings | 22 | €38,984 | €14,987 | -€23,997 | -61.6% |
| Plant, machinery and equipment | 23 | €104,683 | €121,860 | +€17,177 | +16.4% |
| Furniture and vehicles | 24 | €18,751 | €11,708 | -€7,043 | -37.6% |
| Other tangible fixed assets | 26 | €131,511 | €116,518 | -€14,993 | -11.4% |
| Financial fixed assets | 28 | €30,350 | €30,350 | = | 0.0% |
| Current assets | 29/58 | €629,047 | €682,237 | +€53,190 | +8.5% |
| Stocks and contracts in progress | 3 | €398,141 | €464,408 | +€66,267 | +16.6% |
| Stocks | 30/36 | €398,141 | €464,408 | +€66,267 | +16.6% |
| Amounts receivable within one year | 40/41 | €139,447 | €76,256 | -€63,191 | -45.3% |
| Trade receivables | 40 | €88,971 | €56,875 | -€32,096 | -36.1% |
| Other amounts receivable | 41 | €50,476 | €19,381 | -€31,095 | -61.6% |
| Cash at bank and in hand | 54/58 | €90,459 | €141,573 | +€51,114 | +56.5% |
| Deferred charges and accrued income | 490/1 | €1,000 | - | -€1,000 | |
| Total equity and liabilities | 10/49 | €1,131,536 | €1,124,676 | -€6,859 | -0.6% |
| Equity | 10/15 | €392,012 | €387,669 | -€4,343 | -1.1% |
| Contributions | 10/11 | €12,600 | €12,600 | = | 0.0% |
| Reserves | 13 | €363,215 | €358,872 | -€4,343 | -1.2% |
| Distributable reserves | 133 | €363,215 | €358,872 | -€4,343 | -1.2% |
| Profit (loss) carried forward | 14 | €16,197 | €16,197 | = | 0.0% |
| Amounts payable | 17/49 | €739,523 | €737,007 | -€2,516 | -0.3% |
| Amounts payable after more than one year | 17 | €78,870 | €86,407 | +€7,537 | +9.6% |
| Financial debts | 170/4 | €78,870 | €86,407 | +€7,537 | +9.6% |
| Amounts payable within one year | 42/48 | €643,800 | €636,699 | -€7,102 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €12,764 | €29,579 | +€16,815 | +131.7% |
| Trade debts | 44 | €72,529 | €32,996 | -€39,533 | -54.5% |
| Suppliers | 440/4 | €72,529 | €32,996 | -€39,533 | -54.5% |
| Advances received on contracts in progress | 46 | €35,100 | - | -€35,100 | |
| Taxes, remuneration and social security | 45 | €71,031 | €67,171 | -€3,861 | -5.4% |
| Taxes | 450/3 | €8,876 | €6,984 | -€1,892 | -21.3% |
| Remuneration and social security | 454/9 | €62,155 | €60,187 | -€1,969 | -3.2% |
| Other amounts payable | 47/48 | €452,376 | €506,953 | +€54,577 | +12.1% |
| Accrued charges and deferred income | 492/3 | €16,853 | €13,901 | -€2,952 | -17.5% |
| Non-recurring operating income | 76A | €500 | €2,100 | +€1,600 | +320.0% |
| Remuneration, social security and pensions | 62 | €439,763 | €390,261 | -€49,502 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,834 | €116,365 | -€16,468 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,449 | -€7,449 | |
| Other operating charges | 640/8 | €14,675 | €48,993 | +€34,318 | +233.8% |
| Non-recurring operating charges | 66A | - | €46,960 | +€46,960 | |
| Gross operating margin | 9900 | €640,814 | €627,890 | -€12,923 | -2.0% |
| Operating profit (loss) | 9901 | €53,542 | €32,759 | -€20,783 | -38.8% |
| Financial income | 75/76B | €1,036 | €1,825 | +€789 | +76.2% |
| Recurring financial income | 75 | €1,036 | €1,825 | +€789 | +76.2% |
| Financial charges | 65/66B | €16,896 | €6,327 | -€10,569 | -62.6% |
| Recurring financial charges | 65 | €16,896 | €6,327 | -€10,569 | -62.6% |
| Profit (loss) for the period before taxes | 9903 | €37,682 | €28,257 | -€9,425 | -25.0% |
| Income taxes | 67/77 | €12,197 | €8,730 | -€3,467 | -28.4% |
| Profit (loss) for the period | 9904 | €25,484 | €19,527 | -€5,958 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,484 | €19,527 | -€5,958 | -23.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.