Sterx: 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.
Sterx
Largest movements
- Receivables within one year +€93,423
up €93,423 (+143.2%), from €65,250 to €158,672
of which Trade receivables: +€98,577
- Tangible fixed assets -€43,510
down €43,510 (-8.3%), from €525,613 to €482,103
of which Land and buildings: -€45,356
- Stocks and contracts +€37,552
up €37,552 (+911.3%), from €4,121 to €41,673
- Cash -€20,925
down €20,925 (-5.5%), from €382,965 to €362,040
mainly Contributions, distributions and other (-€201,490) and Receivables within one year (-€93,423)
- Other debts +€196,922
up €196,922 (+375.6%), from €52,430 to €249,353
- Reserves -€99,328
down €99,328 (-16.1%), from €616,366 to €517,037
of which Distributable reserves: -€99,328
- Debts after one year -€20,827
down €20,827 (-34.5%), from €60,396 to €39,570
- Staff costs +€34,728
up €34,728 (+11.9%), from €292,360 to €327,088
- Gross operating margin +€29,035
up €29,035 (+5.4%), from €540,851 to €569,886
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 | €982,298 | €1,047,928 | +€65,630 | +6.7% |
| Fixed assets | 21/28 | €525,613 | €482,103 | -€43,510 | -8.3% |
| Tangible fixed assets | 22/27 | €525,613 | €482,103 | -€43,510 | -8.3% |
| Land and buildings | 22 | €413,602 | €368,246 | -€45,356 | -11.0% |
| Plant, machinery and equipment | 23 | €38,766 | €28,175 | -€10,591 | -27.3% |
| Furniture and vehicles | 24 | €73,245 | €85,682 | +€12,437 | +17.0% |
| Current assets | 29/58 | €456,685 | €565,825 | +€109,140 | +23.9% |
| Stocks and contracts in progress | 3 | €4,121 | €41,673 | +€37,552 | +911.3% |
| Stocks | 30/36 | €4,121 | €41,673 | +€37,552 | +911.3% |
| Amounts receivable within one year | 40/41 | €65,250 | €158,672 | +€93,423 | +143.2% |
| Trade receivables | 40 | €46,977 | €145,553 | +€98,577 | +209.8% |
| Other amounts receivable | 41 | €18,273 | €13,119 | -€5,154 | -28.2% |
| Cash at bank and in hand | 54/58 | €382,965 | €362,040 | -€20,925 | -5.5% |
| Deferred charges and accrued income | 490/1 | €4,349 | €3,439 | -€910 | -20.9% |
| Total equity and liabilities | 10/49 | €982,298 | €1,047,928 | +€65,630 | +6.7% |
| Equity | 10/15 | €704,966 | €605,637 | -€99,328 | -14.1% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €616,366 | €517,037 | -€99,328 | -16.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Distributable reserves | 133 | €616,366 | €517,037 | -€99,328 | -16.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €24,500 | €24,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,500 | €24,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €24,500 | €24,500 | = | 0.0% |
| Amounts payable | 17/49 | €252,833 | €417,791 | +€164,959 | +65.2% |
| Amounts payable after more than one year | 17 | €60,396 | €39,570 | -€20,827 | -34.5% |
| Financial debts | 170/4 | €60,396 | €39,570 | -€20,827 | -34.5% |
| Amounts payable within one year | 42/48 | €188,620 | €373,873 | +€185,253 | +98.2% |
| Current portion of amounts payable after more than one year | 42 | €28,136 | €20,827 | -€7,309 | -26.0% |
| Trade debts | 44 | €60,115 | €59,673 | -€443 | -0.7% |
| Suppliers | 440/4 | €60,115 | €59,673 | -€443 | -0.7% |
| Taxes, remuneration and social security | 45 | €47,938 | €44,022 | -€3,917 | -8.2% |
| Taxes | 450/3 | €4,140 | €5,104 | +€964 | +23.3% |
| Remuneration and social security | 454/9 | €43,799 | €38,918 | -€4,881 | -11.1% |
| Other amounts payable | 47/48 | €52,430 | €249,353 | +€196,922 | +375.6% |
| Accrued charges and deferred income | 492/3 | €3,816 | €4,348 | +€532 | +13.9% |
| Non-recurring operating income | 76A | - | €2,742 | +€2,742 | |
| Remuneration, social security and pensions | 62 | €292,360 | €327,088 | +€34,728 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,601 | €90,360 | +€3,758 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,475 | €5,260 | -€215 | -3.9% |
| Gross operating margin | 9900 | €540,851 | €569,886 | +€29,035 | +5.4% |
| Operating profit (loss) | 9901 | €156,414 | €147,178 | -€9,236 | -5.9% |
| Financial income | 75/76B | €381 | €941 | +€559 | +146.6% |
| Recurring financial income | 75 | €381 | €941 | +€559 | +146.6% |
| Financial charges | 65/66B | €6,409 | €8,001 | +€1,592 | +24.8% |
| Recurring financial charges | 65 | €6,409 | €8,001 | +€1,592 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €150,386 | €140,117 | -€10,269 | -6.8% |
| Income taxes | 67/77 | €40,432 | €37,956 | -€2,476 | -6.1% |
| Profit (loss) for the period | 9904 | €109,955 | €102,162 | -€7,793 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €109,955 | €102,162 | -€7,793 | -7.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.