STERZELLY: what changed
What changed
STERZELLY
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€73,938
2024 · €137,920-€211,858
Equity
€3.7m
2024 · €3.7m-€73,938
Cash
€1,078
2024 · €11,375-€10,298
Balance sheet total
€4.9m
2024 · €5.1m-€193,961
Largest movements
Assets
- Current investments -€221,823
down €221,823 (-24.9%), from €891,435 to €669,612
- Receivables within one year +€77,585
up €77,585 (+16.6%), from €467,963 to €545,548
of which Other amounts receivable: +€84,687
Equity and liabilities
- Debts after one year -€82,307
down €82,307 (-7.4%), from €1.1m to €1.0m
- Reserves -€73,929
down €73,929 (-2.7%), from €2.7m to €2.6m
of which Distributable reserves: -€62,200
Income statement
- Gross operating margin -€137,155
down €137,155 (-67.2%), from €204,120 to €66,965
- Financial charges +€85,597
up €85,597 (+189%), from €45,219 to €130,817
- Taxes -€16,922
down €16,922 (-53.2%), from €31,795 to €14,873
- Other operating charges +€4,647
up €4,647 (+143%), from €3,253 to €7,899
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€137,920
Gross operating margin
-€137,155
Depreciation
-€1,033
Other operating charges
-€4,647
Financial income
-€348
Financial charges
-€85,597
Taxes
+€16,922
Result 2025
-€73,938
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€149,475
Investment
+€198,014
Financing
-€58,836
Cash 2024
€11,375
From operations (derived)
-€149,475
Net result for the year
-€73,938
Depreciation
+€46,190
Receivables after one year
+€22,379
Receivables within one year
-€77,585
Deferred charges and accrued income
-€5,335
Provisions
-€3,910
Trade debts
-€15,010
Tax, wage and social debts
-€44,270
Other debts
+€7,572
Accrued charges and deferred income
-€5,569
Investment (derived)
+€198,014
Investment in fixed assets (net)
-€23,809
Current investments
+€221,823
Financing
-€58,836
Debts after one year
-€82,307
Current portion of long-term debt
+€2,422
Short-term financial debts
+€21,048
Cash 2025
€1,078
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,143,684 | €4,949,723 | -€193,961 | -3.8% |
| Fixed assets | 21/28 | €3,649,999 | €3,627,618 | -€22,382 | -0.6% |
| Tangible fixed assets | 22/27 | €1,166,548 | €1,144,166 | -€22,382 | -1.9% |
| Land and buildings | 22 | €1,165,527 | €1,143,373 | -€22,154 | -1.9% |
| Plant, machinery and equipment | 23 | €1,021 | €794 | -€227 | -22.3% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €2,483,451 | €2,483,451 | = | 0.0% |
| Current assets | 29/58 | €1,493,685 | €1,322,106 | -€171,579 | -11.5% |
| Amounts receivable after more than one year | 29 | €122,057 | €99,678 | -€22,379 | -18.3% |
| Other amounts receivable | 291 | €122,057 | €99,678 | -€22,379 | -18.3% |
| Amounts receivable within one year | 40/41 | €467,963 | €545,548 | +€77,585 | +16.6% |
| Trade receivables | 40 | €60,145 | €53,043 | -€7,102 | -11.8% |
| Other amounts receivable | 41 | €407,818 | €492,505 | +€84,687 | +20.8% |
| Current investments | 50/53 | €891,435 | €669,612 | -€221,823 | -24.9% |
| Cash at bank and in hand | 54/58 | €11,375 | €1,078 | -€10,298 | -90.5% |
| Deferred charges and accrued income | 490/1 | €854 | €6,190 | +€5,335 | +625% |
| Total equity and liabilities | 10/49 | €5,143,684 | €4,949,723 | -€193,961 | -3.8% |
| Equity | 10/15 | €3,738,201 | €3,664,263 | -€73,938 | -2.0% |
| Contributions | 10/11 | €1,046,955 | €1,046,955 | = | 0.0% |
| Capital | 10 | €1,046,955 | €1,046,955 | = | 0.0% |
| Issued capital | 100 | €1,046,955 | €1,046,955 | = | 0.0% |
| Reserves | 13 | €2,691,199 | €2,617,269 | -€73,929 | -2.7% |
| Non-distributable reserves | 130/1 | €73,266 | €73,266 | = | 0.0% |
| Legal reserve | 130 | €73,266 | €73,266 | = | 0.0% |
| Tax-exempt reserves | 132 | €288,177 | €276,448 | -€11,729 | -4.1% |
| Distributable reserves | 133 | €2,329,755 | €2,267,555 | -€62,200 | -2.7% |
| Profit (loss) carried forward | 14 | €48 | €39 | -€9 | -19.0% |
| Provisions and deferred taxes | 16 | €96,059 | €92,149 | -€3,910 | -4.1% |
| Deferred taxes | 168 | €96,059 | €92,149 | -€3,910 | -4.1% |
| Amounts payable | 17/49 | €1,309,424 | €1,193,311 | -€116,113 | -8.9% |
| Amounts payable after more than one year | 17 | €1,117,399 | €1,035,092 | -€82,307 | -7.4% |
| Financial debts | 170/4 | €1,117,399 | €1,035,092 | -€82,307 | -7.4% |
| Amounts payable within one year | 42/48 | €186,456 | €158,219 | -€28,237 | -15.1% |
| Current portion of amounts payable after more than one year | 42 | €79,885 | €82,307 | +€2,422 | +3.0% |
| Financial debts | 43 | €7,657 | €28,705 | +€21,048 | +275% |
| Credit institutions | 430/8 | €7,657 | €28,705 | +€21,048 | +275% |
| Trade debts | 44 | €20,742 | €5,733 | -€15,010 | -72.4% |
| Suppliers | 440/4 | €20,742 | €5,733 | -€15,010 | -72.4% |
| Taxes, remuneration and social security | 45 | €72,879 | €28,609 | -€44,270 | -60.7% |
| Taxes | 450/3 | €72,879 | €28,609 | -€44,270 | -60.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,293 | €12,865 | +€7,572 | +143% |
| Accrued charges and deferred income | 492/3 | €5,569 | €0 | -€5,569 | -100% |
| Non-recurring operating income | 76A | €115,000 | €0 | -€115,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,157 | €46,190 | +€1,033 | +2.3% |
| Other operating charges | 640/8 | €3,253 | €7,899 | +€4,647 | +143% |
| Gross operating margin | 9900 | €204,120 | €66,965 | -€137,155 | -67.2% |
| Operating profit (loss) | 9901 | €155,710 | €12,875 | -€142,835 | -91.7% |
| Financial income | 75/76B | €55,315 | €54,967 | -€348 | -0.6% |
| Recurring financial income | 75 | €55,315 | €54,967 | -€348 | -0.6% |
| Financial charges | 65/66B | €45,219 | €130,817 | +€85,597 | +189% |
| Recurring financial charges | 65 | €45,219 | €130,817 | +€85,597 | +189% |
| Profit (loss) for the period before taxes | 9903 | €165,805 | -€62,975 | -€228,780 | |
| Transfer from deferred taxes | 780 | €3,910 | €3,910 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €31,795 | €14,873 | -€16,922 | -53.2% |
| Profit (loss) for the period | 9904 | €137,920 | -€73,938 | -€211,858 | |
| Transfer from tax-exempt reserves | 789 | €11,729 | €11,729 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €149,649 | -€62,209 | -€211,858 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.