STERNA: 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.
STERNA
Largest movements
- Cash -€52,300
down €52,300 (-42.2%), from €123,813 to €71,513
mainly Other debts (-€85,000) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets -€22,611
down €22,611 (-43.2%), from €52,394 to €29,783
of which Furniture and vehicles: -€16,819
- Receivables within one year +€2,966
up €2,966 (+12.8%), from €23,240 to €26,206
of which Other amounts receivable: +€3,342
- Other debts -€85,000
down €85,000 (-85.0%), from €100,000 to €15,000
- Tax, wage and social debts +€25,324
up €25,324 (+81.8%), from €30,965 to €56,289
of which Remuneration and social security: +€18,080
- Current portion of long-term debt -€12,428
no longer reported in 2025 (was €12,428)
- Trade debts -€9,781
down €9,781 (-30.0%), from €32,626 to €22,845
- Profit (loss) carried forward +€9,314
up €9,314 (+36.9%), from €25,233 to €34,547
- Staff costs +€45,834
up €45,834 (+74.7%), from €61,360 to €107,194
- Taxes -€2,995
down €2,995 (-26.9%), from €11,138 to €8,143
- Depreciation -€2,338
down €2,338 (-8.0%), from €29,185 to €26,847
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 | €210,451 | €136,741 | -€73,710 | -35.0% |
| Formation expenses | 20 | €744 | €496 | -€248 | -33.3% |
| Fixed assets | 21/28 | €57,074 | €34,463 | -€22,611 | -39.6% |
| Tangible fixed assets | 22/27 | €52,394 | €29,783 | -€22,611 | -43.2% |
| Plant, machinery and equipment | 23 | €3,930 | €3,473 | -€457 | -11.6% |
| Furniture and vehicles | 24 | €26,168 | €9,349 | -€16,819 | -64.3% |
| Other tangible fixed assets | 26 | €22,296 | €16,961 | -€5,335 | -23.9% |
| Financial fixed assets | 28 | €4,680 | €4,680 | = | 0.0% |
| Current assets | 29/58 | €152,633 | €101,782 | -€50,851 | -33.3% |
| Stocks and contracts in progress | 3 | €4,231 | €2,695 | -€1,536 | -36.3% |
| Stocks | 30/36 | €4,231 | €2,695 | -€1,536 | -36.3% |
| Amounts receivable within one year | 40/41 | €23,240 | €26,206 | +€2,966 | +12.8% |
| Trade receivables | 40 | €376 | - | -€376 | |
| Other amounts receivable | 41 | €22,864 | €26,206 | +€3,342 | +14.6% |
| Cash at bank and in hand | 54/58 | €123,813 | €71,513 | -€52,300 | -42.2% |
| Deferred charges and accrued income | 490/1 | €1,349 | €1,368 | +€19 | +1.4% |
| Total equity and liabilities | 10/49 | €210,451 | €136,741 | -€73,710 | -35.0% |
| Equity | 10/15 | €33,293 | €42,607 | +€9,314 | +28.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,233 | €34,547 | +€9,314 | +36.9% |
| Amounts payable | 17/49 | €177,158 | €94,134 | -€83,024 | -46.9% |
| Amounts payable after more than one year | 17 | €1,139 | - | -€1,139 | |
| Financial debts | 170/4 | €1,139 | - | -€1,139 | |
| Amounts payable within one year | 42/48 | €176,019 | €94,134 | -€81,885 | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €12,428 | - | -€12,428 | |
| Trade debts | 44 | €32,626 | €22,845 | -€9,781 | -30.0% |
| Suppliers | 440/4 | €32,626 | €22,845 | -€9,781 | -30.0% |
| Taxes, remuneration and social security | 45 | €30,965 | €56,289 | +€25,324 | +81.8% |
| Taxes | 450/3 | €19,226 | €26,470 | +€7,244 | +37.7% |
| Remuneration and social security | 454/9 | €11,739 | €29,819 | +€18,080 | +154.0% |
| Other amounts payable | 47/48 | €100,000 | €15,000 | -€85,000 | -85.0% |
| Remuneration, social security and pensions | 62 | €61,360 | €107,194 | +€45,834 | +74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,185 | €26,847 | -€2,338 | -8.0% |
| Other operating charges | 640/8 | €3,440 | €2,289 | -€1,151 | -33.5% |
| Gross operating margin | 9900 | €168,846 | €169,600 | +€754 | +0.4% |
| Operating profit (loss) | 9901 | €74,861 | €33,270 | -€41,591 | -55.6% |
| Financial income | 75/76B | €318 | - | -€318 | |
| Recurring financial income | 75 | €318 | - | -€318 | |
| Financial charges | 65/66B | €567 | €813 | +€246 | +43.4% |
| Recurring financial charges | 65 | €567 | €813 | +€246 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €74,612 | €32,457 | -€42,155 | -56.5% |
| Income taxes | 67/77 | €11,138 | €8,143 | -€2,995 | -26.9% |
| Profit (loss) for the period | 9904 | €63,474 | €24,314 | -€39,160 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,474 | €24,314 | -€39,160 | -61.7% |
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 10 October 2026 via checked.be.