STERO: 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.
STERO
Largest movements
- Cash +€4,092
up €4,092 (+13.2%), from €30,925 to €35,017
mainly Depreciation (+€2,273) and Receivables within one year (+€1,684)
- Tangible fixed assets -€2,273
down €2,273 (-35.7%), from €6,361 to €4,088
of which Plant, machinery and equipment: -€1,200
- Stocks and contracts +€1,724
up €1,724 (+4.3%), from €40,427 to €42,151
- Receivables within one year -€1,684
down €1,684 (-7.5%), from €22,548 to €20,864
of which Trade receivables: -€1,462
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€6,186
down €6,186 (-51.4%), from €12,041 to €5,854
- Staff costs -€2,149
no longer reported in 2025 (was €2,149)
- Taxes -€1,072
down €1,072 (-53.3%), from €2,012 to €941
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 | €106,688 | €107,998 | +€1,311 | +1.2% |
| Fixed assets | 21/28 | €6,615 | €4,342 | -€2,273 | -34.4% |
| Tangible fixed assets | 22/27 | €6,361 | €4,088 | -€2,273 | -35.7% |
| Plant, machinery and equipment | 23 | €3,172 | €1,972 | -€1,200 | -37.8% |
| Furniture and vehicles | 24 | €3,189 | €2,116 | -€1,072 | -33.6% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €253 | €253 | = | 0.0% |
| Current assets | 29/58 | €100,073 | €103,657 | +€3,584 | +3.6% |
| Stocks and contracts in progress | 3 | €40,427 | €42,151 | +€1,724 | +4.3% |
| Stocks | 30/36 | €40,427 | €42,151 | +€1,724 | +4.3% |
| Amounts receivable within one year | 40/41 | €22,548 | €20,864 | -€1,684 | -7.5% |
| Trade receivables | 40 | €14,869 | €13,408 | -€1,462 | -9.8% |
| Other amounts receivable | 41 | €7,679 | €7,457 | -€222 | -2.9% |
| Cash at bank and in hand | 54/58 | €30,925 | €35,017 | +€4,092 | +13.2% |
| Deferred charges and accrued income | 490/1 | €6,172 | €5,624 | -€548 | -8.9% |
| Total equity and liabilities | 10/49 | €106,688 | €107,998 | +€1,311 | +1.2% |
| Equity | 10/15 | €93,163 | €94,055 | +€892 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €72,649 | €73,539 | +€890 | +1.2% |
| Distributable reserves | 133 | €72,649 | €73,539 | +€890 | +1.2% |
| Profit (loss) carried forward | 14 | €1,922 | €1,924 | +€2 | +0.1% |
| Amounts payable | 17/49 | €13,525 | €13,943 | +€418 | +3.1% |
| Amounts payable within one year | 42/48 | €13,525 | €13,943 | +€418 | +3.1% |
| Trade debts | 44 | €10,885 | €10,327 | -€559 | -5.1% |
| Suppliers | 440/4 | €10,885 | €10,327 | -€559 | -5.1% |
| Other amounts payable | 47/48 | €2,639 | €3,616 | +€977 | +37.0% |
| Remuneration, social security and pensions | 62 | €2,149 | - | -€2,149 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,273 | €2,273 | = | 0.0% |
| Other operating charges | 640/8 | €1,501 | €1,538 | +€37 | +2.5% |
| Gross operating margin | 9900 | €12,041 | €5,854 | -€6,186 | -51.4% |
| Operating profit (loss) | 9901 | €6,118 | €2,044 | -€4,074 | -66.6% |
| Financial income | 75/76B | €119 | €187 | +€68 | +57.1% |
| Recurring financial income | 75 | €119 | €187 | +€68 | +57.1% |
| Financial charges | 65/66B | €485 | €399 | -€86 | -17.8% |
| Recurring financial charges | 65 | €485 | €399 | -€86 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €5,752 | €1,833 | -€3,919 | -68.1% |
| Income taxes | 67/77 | €2,012 | €941 | -€1,072 | -53.3% |
| Profit (loss) for the period | 9904 | €3,740 | €892 | -€2,848 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,740 | €892 | -€2,848 | -76.1% |
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 8 October 2026 via checked.be.