STERNET: 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.
STERNET
Largest movements
- Tangible fixed assets -€17,233
down €17,233 (-26.2%), from €65,764 to €48,531
of which Land and buildings: -€13,207
- Receivables within one year +€3,051
up €3,051 (+41.4%), from €7,378 to €10,429
of which Trade receivables: +€2,541
- Cash +€1,696
up €1,696 (+86.6%), from €1,958 to €3,654
mainly Depreciation (+€17,233) and Net result for the year (+€513)
- Other debts -€12,230
down €12,230 (-15.6%), from €78,415 to €66,185
- Tax, wage and social debts -€797
down €797 (-21.1%), from €3,783 to €2,986
- Other operating charges +€7,507
up €7,507 (+1,047%), from €717 to €8,224
- Gross operating margin +€1,822
up €1,822 (+7.3%), from €25,041 to €26,863
- Taxes +€1,747
up €1,747 (+850%), from €206 to €1,953
- Write-downs -€1,280
new in 2025: -€1,280
- Depreciation -€925
down €925 (-5.1%), from €18,158 to €17,233
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 | €75,100 | €62,615 | -€12,486 | -16.6% |
| Fixed assets | 21/28 | €65,764 | €48,531 | -€17,233 | -26.2% |
| Tangible fixed assets | 22/27 | €65,764 | €48,531 | -€17,233 | -26.2% |
| Land and buildings | 22 | €29,001 | €15,795 | -€13,207 | -45.5% |
| Plant, machinery and equipment | 23 | €2,960 | €2,630 | -€330 | -11.1% |
| Furniture and vehicles | 24 | €33,803 | €30,106 | -€3,697 | -10.9% |
| Current assets | 29/58 | €9,336 | €14,083 | +€4,747 | +50.8% |
| Amounts receivable within one year | 40/41 | €7,378 | €10,429 | +€3,051 | +41.4% |
| Trade receivables | 40 | €6,760 | €9,300 | +€2,541 | +37.6% |
| Other amounts receivable | 41 | €619 | €1,129 | +€510 | +82.5% |
| Cash at bank and in hand | 54/58 | €1,958 | €3,654 | +€1,696 | +86.6% |
| Total equity and liabilities | 10/49 | €75,100 | €62,615 | -€12,486 | -16.6% |
| Equity | 10/15 | -€9,217 | -€8,704 | +€513 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,068 | €3,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,068 | €3,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,884 | -€30,372 | +€513 | +1.7% |
| Amounts payable | 17/49 | €84,317 | €71,319 | -€12,998 | -15.4% |
| Amounts payable within one year | 42/48 | €84,317 | €71,319 | -€12,998 | -15.4% |
| Trade debts | 44 | €2,119 | €2,148 | +€29 | +1.4% |
| Suppliers | 440/4 | €2,119 | €2,148 | +€29 | +1.4% |
| Taxes, remuneration and social security | 45 | €3,783 | €2,986 | -€797 | -21.1% |
| Taxes | 450/3 | €3,783 | €2,986 | -€797 | -21.1% |
| Other amounts payable | 47/48 | €78,415 | €66,185 | -€12,230 | -15.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,158 | €17,233 | -€925 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,280 | -€1,280 | |
| Other operating charges | 640/8 | €717 | €8,224 | +€7,507 | +1,047% |
| Gross operating margin | 9900 | €25,041 | €26,863 | +€1,822 | +7.3% |
| Operating profit (loss) | 9901 | €6,165 | €2,686 | -€3,480 | -56.4% |
| Financial income | 75/76B | €1 | €0 | -€0 | -98.0% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -98.0% |
| Financial charges | 65/66B | €211 | €221 | +€9 | +4.4% |
| Recurring financial charges | 65 | €211 | €221 | +€9 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €5,955 | €2,465 | -€3,489 | -58.6% |
| Income taxes | 67/77 | €206 | €1,953 | +€1,747 | +850% |
| Profit (loss) for the period | 9904 | €5,749 | €513 | -€5,237 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,749 | €513 | -€5,237 | -91.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.