STERN: 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.
STERN
Largest movements
- Receivables within one year -€12,342
down €12,342 (-22.3%), from €55,359 to €43,017
of which Trade receivables: -€12,342
- Cash +€4,122
up €4,122 (+124.0%), from €3,323 to €7,445
mainly Receivables within one year (+€12,342) and Net result for the year (+€2,143)
- Accrued charges and deferred income -€6,345
down €6,345 (-92.3%), from €6,876 to €531
- Debts after one year -€3,269
down €3,269 (-39.5%), from €8,269 to €5,000
- Profit (loss) carried forward +€2,143
up €2,143 (+3.9%), from -€55,362 to -€53,219
- Tax, wage and social debts -€749
down €749 (-55.5%), from €1,350 to €601
- Gross operating margin -€12,112
down €12,112 (-80.5%), from €15,046 to €2,934
- Financial income -€852
no longer reported in 2025 (was €852)
- Financial charges -€836
down €836 (-94.1%), from €888 to €52
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 | €58,682 | €50,462 | -€8,220 | -14.0% |
| Current assets | 29/58 | €58,682 | €50,462 | -€8,220 | -14.0% |
| Amounts receivable within one year | 40/41 | €55,359 | €43,017 | -€12,342 | -22.3% |
| Trade receivables | 40 | €31,218 | €18,876 | -€12,342 | -39.5% |
| Other amounts receivable | 41 | €24,141 | €24,141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,323 | €7,445 | +€4,122 | +124.0% |
| Total equity and liabilities | 10/49 | €58,682 | €50,462 | -€8,220 | -14.0% |
| Equity | 10/15 | €41,399 | €43,542 | +€2,143 | +5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €34,761 | €34,761 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €31,662 | €31,662 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,362 | -€53,219 | +€2,143 | +3.9% |
| Amounts payable | 17/49 | €17,283 | €6,920 | -€10,363 | -60.0% |
| Amounts payable after more than one year | 17 | €8,269 | €5,000 | -€3,269 | -39.5% |
| Other amounts payable | 178/9 | €8,269 | €5,000 | -€3,269 | -39.5% |
| Amounts payable within one year | 42/48 | €2,138 | €1,389 | -€749 | -35.0% |
| Trade debts | 44 | €788 | €788 | = | 0.0% |
| Suppliers | 440/4 | €788 | €788 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,350 | €601 | -€749 | -55.5% |
| Taxes | 450/3 | €1,350 | €601 | -€749 | -55.5% |
| Accrued charges and deferred income | 492/3 | €6,876 | €531 | -€6,345 | -92.3% |
| Other operating charges | 640/8 | €599 | €739 | +€140 | +23.4% |
| Gross operating margin | 9900 | €15,046 | €2,934 | -€12,112 | -80.5% |
| Operating profit (loss) | 9901 | €14,447 | €2,195 | -€12,252 | -84.8% |
| Financial income | 75/76B | €852 | - | -€852 | |
| Recurring financial income | 75 | €852 | - | -€852 | |
| Financial charges | 65/66B | €888 | €52 | -€836 | -94.1% |
| Recurring financial charges | 65 | €888 | €52 | -€836 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | €14,411 | €2,143 | -€12,268 | -85.1% |
| Profit (loss) for the period | 9904 | €14,411 | €2,143 | -€12,268 | -85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,411 | €2,143 | -€12,268 | -85.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.