STERLINE: what changed
Two fiscal 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.
What changed
STERLINE
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,521
2024 · €15,419-€13,898
Equity
€94,644
2024 · €93,123+€1,521
Cash
€3,240
2024 · €4,319-€1,079
Balance sheet total
€1.4m
2024 · €1.7m-€303,326
Largest movements
Assets
- Stocks and contracts -€327,221
down €327,221 (-26.1%), from €1.3m to €925,184
- Receivables within one year +€28,160
up €28,160 (+9.5%), from €295,733 to €323,893
of which Other amounts receivable: +€85,642
Equity and liabilities
- Trade debts -€213,157
down €213,157 (-97.3%), from €218,993 to €5,836
- Short-term financial debts -€110,000
down €110,000 (-75.9%), from €145,000 to €35,000
Income statement
- Gross operating margin -€13,986
down €13,986 (-38.9%), from €35,989 to €22,002
- Other operating charges +€4,666
up €4,666 (+171.0%), from €2,729 to €7,394
- Taxes -€3,989
down €3,989 (-83.9%), from €4,752 to €763
- Financial charges -€761
down €761 (-11.0%), from €6,917 to €6,156
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.
Result 2024
€15,419
Gross operating margin
-€13,986
Staff costs
-€58
Depreciation
+€55
Other operating charges
-€4,666
Financial income
+€8
Financial charges
+€761
Taxes
+€3,989
Result 2025
€1,521
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.
From operations
+€112,148
Investment
-€3,227
Financing
-€110,000
Cash 2024
€4,319
From operations (derived)
+€112,148
Net result for the year
+€1,521
Depreciation
+€6,145
Stocks and contracts
+€327,221
Receivables within one year
-€28,160
Smaller working-capital items
+€223
Trade debts
-€213,157
Tax, wage and social debts
+€4,396
Other debts
+€13,959
Investment (derived)
-€3,227
Investment in fixed assets (net)
-€3,227
Financing
-€110,000
Short-term financial debts
-€110,000
Cash 2025
€3,240
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,684,053 | €1,380,727 | -€303,326 | -18.0% |
| Fixed assets | 21/28 | €130,690 | €127,772 | -€2,918 | -2.2% |
| Tangible fixed assets | 22/27 | €62,790 | €59,872 | -€2,918 | -4.6% |
| Land and buildings | 22 | €60,912 | €55,795 | -€5,117 | -8.4% |
| Plant, machinery and equipment | 23 | €1,697 | €2,845 | +€1,148 | +67.7% |
| Furniture and vehicles | 24 | €181 | €1,232 | +€1,051 | +579.3% |
| Financial fixed assets | 28 | €67,900 | €67,900 | = | 0.0% |
| Current assets | 29/58 | €1,553,364 | €1,252,955 | -€300,408 | -19.3% |
| Stocks and contracts in progress | 3 | €1,252,405 | €925,184 | -€327,221 | -26.1% |
| Stocks | 30/36 | €1,252,405 | €925,184 | -€327,221 | -26.1% |
| Amounts receivable within one year | 40/41 | €295,733 | €323,893 | +€28,160 | +9.5% |
| Trade receivables | 40 | €66,569 | €9,087 | -€57,483 | -86.4% |
| Other amounts receivable | 41 | €229,164 | €314,806 | +€85,642 | +37.4% |
| Cash at bank and in hand | 54/58 | €4,319 | €3,240 | -€1,079 | -25.0% |
| Deferred charges and accrued income | 490/1 | €907 | €639 | -€268 | -29.5% |
| Total equity and liabilities | 10/49 | €1,684,053 | €1,380,727 | -€303,326 | -18.0% |
| Equity | 10/15 | €93,123 | €94,644 | +€1,521 | +1.6% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €31,695 | €31,695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €25,445 | €25,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,072 | €449 | +€1,521 | |
| Amounts payable | 17/49 | €1,590,930 | €1,286,083 | -€304,847 | -19.2% |
| Amounts payable after more than one year | 17 | €500,000 | €500,000 | = | 0.0% |
| Financial debts | 170/4 | €500,000 | €500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,090,885 | €786,083 | -€304,802 | -27.9% |
| Financial debts | 43 | €145,000 | €35,000 | -€110,000 | -75.9% |
| Credit institutions | 430/8 | €145,000 | €35,000 | -€110,000 | -75.9% |
| Trade debts | 44 | €218,993 | €5,836 | -€213,157 | -97.3% |
| Suppliers | 440/4 | €218,993 | €5,836 | -€213,157 | -97.3% |
| Taxes, remuneration and social security | 45 | €4,699 | €9,095 | +€4,396 | +93.5% |
| Taxes | 450/3 | €4,699 | €9,095 | +€4,396 | +93.5% |
| Other amounts payable | 47/48 | €722,194 | €736,153 | +€13,959 | +1.9% |
| Accrued charges and deferred income | 492/3 | €45 | - | -€45 | |
| Remuneration, social security and pensions | 62 | - | €58 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,199 | €6,145 | -€55 | -0.9% |
| Other operating charges | 640/8 | €2,729 | €7,394 | +€4,666 | +171.0% |
| Gross operating margin | 9900 | €35,989 | €22,002 | -€13,986 | -38.9% |
| Operating profit (loss) | 9901 | €27,061 | €8,405 | -€18,655 | -68.9% |
| Financial income | 75/76B | €28 | €35 | +€8 | +27.4% |
| Recurring financial income | 75 | €28 | €35 | +€8 | +27.4% |
| Financial charges | 65/66B | €6,917 | €6,156 | -€761 | -11.0% |
| Recurring financial charges | 65 | €6,917 | €6,156 | -€761 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €20,171 | €2,285 | -€17,887 | -88.7% |
| Income taxes | 67/77 | €4,752 | €763 | -€3,989 | -83.9% |
| Profit (loss) for the period | 9904 | €15,419 | €1,521 | -€13,898 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,419 | €1,521 | -€13,898 | -90.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.