STERTAX: 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.
STERTAX
Largest movements
- Tangible fixed assets -€52,063
down €52,063 (-35.3%), from €147,584 to €95,521
- Receivables within one year +€21,436
up €21,436 (+75.8%), from €28,261 to €49,697
of which Trade receivables: +€11,375
- Cash +€9,909
up €9,909 (+6934.9%), from €143 to €10,051
mainly Depreciation (+€52,063) and Net result for the year (+€26,054)
- Trade debts -€29,832
down €29,832 (-53.8%), from €55,433 to €25,601
- Profit (loss) carried forward +€26,054
up €26,054 (+24.2%), from €107,544 to €133,598
- Tax, wage and social debts -€12,471
down €12,471 (-26.7%), from €46,663 to €34,192
of which Remuneration and social security: -€16,183
- Gross operating margin +€53,364
up €53,364 (+14.5%), from €368,357 to €421,721
- Staff costs +€38,056
up €38,056 (+13.5%), from €282,013 to €320,069
- Depreciation +€20,448
up €20,448 (+64.7%), from €31,615 to €52,063
- Financial charges +€7,698
up €7,698 (+517.1%), from €1,489 to €9,187
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,222 | €843,000 | -€20,222 | -2.3% |
| Fixed assets | 21/28 | €697,784 | €645,721 | -€52,063 | -7.5% |
| Intangible fixed assets | 21 | €550,000 | €550,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €147,584 | €95,521 | -€52,063 | -35.3% |
| Furniture and vehicles | 24 | €147,584 | €95,521 | -€52,063 | -35.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €165,438 | €197,280 | +€31,842 | +19.2% |
| Amounts receivable after more than one year | 29 | €129,700 | €129,700 | = | 0.0% |
| Other amounts receivable | 291 | €129,700 | €129,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,261 | €49,697 | +€21,436 | +75.8% |
| Trade receivables | 40 | €2,088 | €13,463 | +€11,375 | +544.9% |
| Other amounts receivable | 41 | €26,174 | €36,234 | +€10,061 | +38.4% |
| Cash at bank and in hand | 54/58 | €143 | €10,051 | +€9,909 | +6934.9% |
| Deferred charges and accrued income | 490/1 | €7,334 | €7,831 | +€497 | +6.8% |
| Total equity and liabilities | 10/49 | €863,222 | €843,000 | -€20,222 | -2.3% |
| Equity | 10/15 | €677,995 | €704,049 | +€26,054 | +3.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,544 | €133,598 | +€26,054 | +24.2% |
| Amounts payable | 17/49 | €185,226 | €138,951 | -€46,275 | -25.0% |
| Amounts payable after more than one year | 17 | €73,432 | €73,432 | = | 0.0% |
| Financial debts | 170/4 | €73,432 | €73,432 | = | 0.0% |
| Amounts payable within one year | 42/48 | €111,794 | €65,519 | -€46,275 | -41.4% |
| Financial debts | 43 | €7,972 | - | -€7,972 | |
| Other loans | 439 | €7,972 | - | -€7,972 | |
| Trade debts | 44 | €55,433 | €25,601 | -€29,832 | -53.8% |
| Suppliers | 440/4 | €55,433 | €25,601 | -€29,832 | -53.8% |
| Taxes, remuneration and social security | 45 | €46,663 | €34,192 | -€12,471 | -26.7% |
| Taxes | 450/3 | €1,245 | €4,957 | +€3,712 | +298.1% |
| Remuneration and social security | 454/9 | €45,418 | €29,236 | -€16,183 | -35.6% |
| Other amounts payable | 47/48 | €1,726 | €5,726 | +€4,000 | +231.8% |
| Remuneration, social security and pensions | 62 | €282,013 | €320,069 | +€38,056 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,615 | €52,063 | +€20,448 | +64.7% |
| Other operating charges | 640/8 | €8,237 | €11,699 | +€3,461 | +42.0% |
| Gross operating margin | 9900 | €368,357 | €421,721 | +€53,364 | +14.5% |
| Operating profit (loss) | 9901 | €46,492 | €37,890 | -€8,602 | -18.5% |
| Financial charges | 65/66B | €1,489 | €9,187 | +€7,698 | +517.1% |
| Recurring financial charges | 65 | €1,489 | €9,187 | +€7,698 | +517.1% |
| Profit (loss) for the period before taxes | 9903 | €45,003 | €28,704 | -€16,300 | -36.2% |
| Income taxes | 67/77 | €2,760 | €2,650 | -€110 | -4.0% |
| Profit (loss) for the period | 9904 | €42,243 | €26,054 | -€16,189 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,243 | €26,054 | -€16,189 | -38.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.