"StheraX": 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.
"StheraX"
Largest movements
- Cash +€40,727
up €40,727 (+1,156%), from €3,522 to €44,249
mainly Net result for the year (+€27,333) and Depreciation (+€13,317)
- Tangible fixed assets -€4,417
down €4,417 (-8.8%), from €50,329 to €45,912
of which Plant, machinery and equipment: -€4,208
- Receivables within one year -€1,385
down €1,385 (-91.6%), from €1,512 to €127
of which Trade receivables: -€1,410
- Profit (loss) carried forward +€25,333
up €25,333 (+50.3%), from €50,363 to €75,696
- Other debts +€5,820
new in 2025: €5,820
- Trade debts +€3,772
new in 2025: €3,772
- Depreciation +€3,003
up €3,003 (+29.1%), from €10,314 to €13,317
- Gross operating margin +€1,334
up €1,334 (+2.7%), from €50,322 to €51,656
- Staff costs +€951
up €951 (+68.1%), from €1,397 to €2,347
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.
Derived cash bridge
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 | €55,363 | €90,288 | +€34,925 | +63.1% |
| Fixed assets | 21/28 | €50,329 | €45,912 | -€4,417 | -8.8% |
| Tangible fixed assets | 22/27 | €50,329 | €45,912 | -€4,417 | -8.8% |
| Plant, machinery and equipment | 23 | €49,703 | €45,495 | -€4,208 | -8.5% |
| Furniture and vehicles | 24 | €626 | €418 | -€209 | -33.3% |
| Current assets | 29/58 | €5,034 | €44,376 | +€39,342 | +781% |
| Amounts receivable within one year | 40/41 | €1,512 | €127 | -€1,385 | -91.6% |
| Trade receivables | 40 | €1,410 | - | -€1,410 | |
| Other amounts receivable | 41 | €102 | €127 | +€25 | +24.0% |
| Cash at bank and in hand | 54/58 | €3,522 | €44,249 | +€40,727 | +1,156% |
| Total equity and liabilities | 10/49 | €55,363 | €90,288 | +€34,925 | +63.1% |
| Equity | 10/15 | €55,363 | €80,696 | +€25,333 | +45.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Share premium | 1100/10 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | €50,363 | €75,696 | +€25,333 | +50.3% |
| Amounts payable | 17/49 | €0 | €9,592 | +€9,592 | +3,996,475% |
| Amounts payable within one year | 42/48 | €0 | €9,592 | +€9,592 | +3,996,475% |
| Trade debts | 44 | - | €3,772 | +€3,772 | |
| Suppliers | 440/4 | - | €3,772 | +€3,772 | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | 0.0% |
| Taxes | 450/3 | €0 | €0 | = | 0.0% |
| Other amounts payable | 47/48 | - | €5,820 | +€5,820 | |
| Remuneration, social security and pensions | 62 | €1,397 | €2,347 | +€951 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,314 | €13,317 | +€3,003 | +29.1% |
| Other operating charges | 640/8 | €978 | €611 | -€366 | -37.5% |
| Gross operating margin | 9900 | €50,322 | €51,656 | +€1,334 | +2.7% |
| Operating profit (loss) | 9901 | €37,634 | €35,381 | -€2,254 | -6.0% |
| Financial income | 75/76B | €1 | €1 | +€0 | +8.4% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +8.4% |
| Financial charges | 65/66B | €47 | €48 | +€1 | +3.2% |
| Recurring financial charges | 65 | €47 | €48 | +€1 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €37,588 | €35,333 | -€2,255 | -6.0% |
| Income taxes | 67/77 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €29,588 | €27,333 | -€2,255 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,588 | €27,333 | -€2,255 | -7.6% |
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 18 October 2026 via checked.be.