STERNIDAE: 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.
STERNIDAE
Largest movements
- Tangible fixed assets -€71,801
down €71,801 (-4.1%), from €1.8m to €1.7m
of which Land and buildings: -€71,582
- Debts after one year -€52,955
down €52,955 (-4.3%), from €1.2m to €1.2m
of which Financial debts: -€52,955
- Other debts -€35,657
down €35,657 (-30.6%), from €116,359 to €80,702
- Reserves +€18,471
up €18,471 (+71.9%), from €25,681 to €44,152
- Gross operating margin -€17,542
down €17,542 (-10.4%), from €168,559 to €151,017
- Financial charges -€5,153
down €5,153 (-9.7%), from €53,231 to €48,078
- Taxes -€2,810
down €2,810 (-20.6%), from €13,616 to €10,807
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 | €1,806,524 | €1,735,138 | -€71,386 | -4.0% |
| Fixed assets | 21/28 | €1,767,696 | €1,695,895 | -€71,801 | -4.1% |
| Tangible fixed assets | 22/27 | €1,767,696 | €1,695,895 | -€71,801 | -4.1% |
| Land and buildings | 22 | €1,767,477 | €1,695,895 | -€71,582 | -4.0% |
| Furniture and vehicles | 24 | €218 | €0 | -€218 | -100% |
| Current assets | 29/58 | €38,828 | €39,242 | +€414 | +1.1% |
| Amounts receivable within one year | 40/41 | €24,974 | €27,392 | +€2,418 | +9.7% |
| Trade receivables | 40 | €21,780 | €24,200 | +€2,420 | +11.1% |
| Other amounts receivable | 41 | €3,194 | €3,192 | -€2 | -0.1% |
| Cash at bank and in hand | 54/58 | €13,854 | €11,851 | -€2,003 | -14.5% |
| Total equity and liabilities | 10/49 | €1,806,524 | €1,735,138 | -€71,386 | -4.0% |
| Equity | 10/15 | €410,681 | €429,152 | +€18,471 | +4.5% |
| Contributions | 10/11 | €385,000 | €385,000 | = | 0.0% |
| Reserves | 13 | €25,681 | €44,152 | +€18,471 | +71.9% |
| Distributable reserves | 133 | €25,681 | €44,152 | +€18,471 | +71.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,395,843 | €1,305,986 | -€89,857 | -6.4% |
| Amounts payable after more than one year | 17 | €1,218,064 | €1,165,108 | -€52,955 | -4.3% |
| Financial debts | 170/4 | €741,740 | €688,785 | -€52,955 | -7.1% |
| Other amounts payable | 178/9 | €476,324 | €476,324 | = | 0.0% |
| Amounts payable within one year | 42/48 | €177,779 | €140,877 | -€36,902 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €51,548 | €52,955 | +€1,407 | +2.7% |
| Financial debts | 43 | €1,345 | €510 | -€835 | -62.1% |
| Credit institutions | 430/8 | €1,345 | €510 | -€835 | -62.1% |
| Trade debts | 44 | €4,534 | €1,568 | -€2,966 | -65.4% |
| Suppliers | 440/4 | €4,534 | €1,568 | -€2,966 | -65.4% |
| Taxes, remuneration and social security | 45 | €3,994 | €5,142 | +€1,149 | +28.8% |
| Taxes | 450/3 | €3,994 | €5,142 | +€1,149 | +28.8% |
| Other amounts payable | 47/48 | €116,359 | €80,702 | -€35,657 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,486 | €71,801 | -€1,685 | -2.3% |
| Other operating charges | 640/8 | €2,619 | €1,861 | -€758 | -28.9% |
| Gross operating margin | 9900 | €168,559 | €151,017 | -€17,542 | -10.4% |
| Operating profit (loss) | 9901 | €92,454 | €77,355 | -€15,099 | -16.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €53,231 | €48,078 | -€5,153 | -9.7% |
| Recurring financial charges | 65 | €53,231 | €48,078 | -€5,153 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €39,224 | €29,278 | -€9,946 | -25.4% |
| Income taxes | 67/77 | €13,616 | €10,807 | -€2,810 | -20.6% |
| Profit (loss) for the period | 9904 | €25,608 | €18,471 | -€7,137 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,608 | €18,471 | -€7,137 | -27.9% |
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 13 October 2026 via checked.be.