STERRES: 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.
STERRES
Largest movements
- Receivables within one year +€117,005
up €117,005 (+8.0%), from €1.5m to €1.6m
of which Other amounts receivable: +€112,578
- Reserves +€75,354
up €75,354 (+7.1%), from €1.1m to €1.1m
of which Distributable reserves: +€75,354
- Tax, wage and social debts +€17,857
up €17,857 (+57.4%), from €31,118 to €48,975
- Gross operating margin -€241,340
down €241,340 (-74.2%), from €325,370 to €84,030
- Depreciation -€101,215
no longer reported in 2025 (was €101,215)
- Taxes -€35,285
down €35,285 (-56.4%), from €62,588 to €27,303
- Financial income -€8,932
down €8,932 (-21.9%), from €40,712 to €31,781
- Financial charges -€3,949
down €3,949 (-88.1%), from €4,482 to €533
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,483,675 | €1,598,300 | +€114,625 | +7.7% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €1,483,675 | €1,598,300 | +€114,625 | +7.7% |
| Amounts receivable within one year | 40/41 | €1,462,404 | €1,579,409 | +€117,005 | +8.0% |
| Trade receivables | 40 | €105,569 | €109,996 | +€4,428 | +4.2% |
| Other amounts receivable | 41 | €1,356,835 | €1,469,413 | +€112,578 | +8.3% |
| Deferred charges and accrued income | 490/1 | €21,271 | €18,891 | -€2,380 | -11.2% |
| Total equity and liabilities | 10/49 | €1,483,675 | €1,598,300 | +€114,625 | +7.7% |
| Equity | 10/15 | €1,317,190 | €1,392,543 | +€75,354 | +5.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,067,190 | €1,142,543 | +€75,354 | +7.1% |
| Non-distributable reserves | 130/1 | €5,407 | €5,407 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,407 | €5,407 | = | 0.0% |
| Distributable reserves | 133 | €1,061,783 | €1,137,137 | +€75,354 | +7.1% |
| Provisions and deferred taxes | 16 | €84,000 | €92,400 | +€8,400 | +10.0% |
| Provisions for liabilities and charges | 160/5 | €84,000 | €92,400 | +€8,400 | +10.0% |
| Other liabilities and charges | 164/5 | €84,000 | €92,400 | +€8,400 | +10.0% |
| Amounts payable | 17/49 | €82,485 | €113,356 | +€30,872 | +37.4% |
| Amounts payable within one year | 42/48 | €82,456 | €113,356 | +€30,900 | +37.5% |
| Trade debts | 44 | €51,338 | €64,381 | +€13,043 | +25.4% |
| Suppliers | 440/4 | €51,338 | €64,381 | +€13,043 | +25.4% |
| Taxes, remuneration and social security | 45 | €31,118 | €48,975 | +€17,857 | +57.4% |
| Taxes | 450/3 | €31,118 | €48,975 | +€17,857 | +57.4% |
| Accrued charges and deferred income | 492/3 | €28 | - | -€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,215 | - | -€101,215 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €8,400 | €8,400 | = | 0.0% |
| Other operating charges | 640/8 | €3,594 | €4,221 | +€627 | +17.4% |
| Gross operating margin | 9900 | €325,370 | €84,030 | -€241,340 | -74.2% |
| Operating profit (loss) | 9901 | €212,161 | €71,408 | -€140,752 | -66.3% |
| Financial income | 75/76B | €40,712 | €31,781 | -€8,932 | -21.9% |
| Recurring financial income | 75 | €40,712 | €31,781 | -€8,932 | -21.9% |
| Financial charges | 65/66B | €4,482 | €533 | -€3,949 | -88.1% |
| Recurring financial charges | 65 | €4,482 | €533 | -€3,949 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €248,391 | €102,656 | -€145,734 | -58.7% |
| Income taxes | 67/77 | €62,588 | €27,303 | -€35,285 | -56.4% |
| Profit (loss) for the period | 9904 | €185,803 | €75,354 | -€110,450 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €185,803 | €75,354 | -€110,450 | -59.4% |
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 9 October 2026 via checked.be.