STIJN STERCK: 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.
STIJN STERCK
Largest movements
- Receivables within one year -€88,034
down €88,034 (-9.7%), from €908,190 to €820,156
of which Other amounts receivable: -€90,987
- Tangible fixed assets +€62,890
up €62,890 (+14.6%), from €430,070 to €492,960
of which Furniture and vehicles: +€77,126
- Other debts +€637,054
up €637,054 (+29,704%), from €2,145 to €639,198
- Reserves -€630,156
down €630,156 (-33.6%), from €1.9m to €1.2m
- Gross operating margin -€54,938
down €54,938 (-32.8%), from €167,382 to €112,444
- Taxes -€22,053
down €22,053 (-51.2%), from €43,041 to €20,987
- Depreciation +€15,635
up €15,635 (+88.3%), from €17,712 to €33,347
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 | €2,018,985 | €2,006,801 | -€12,185 | -0.6% |
| Fixed assets | 21/28 | €1,010,825 | €1,073,435 | +€62,610 | +6.2% |
| Intangible fixed assets | 21 | €3,443 | €3,163 | -€280 | -8.1% |
| Tangible fixed assets | 22/27 | €430,070 | €492,960 | +€62,890 | +14.6% |
| Land and buildings | 22 | €412,968 | €400,298 | -€12,670 | -3.1% |
| Plant, machinery and equipment | 23 | €12,837 | €11,271 | -€1,566 | -12.2% |
| Furniture and vehicles | 24 | €1,361 | €78,487 | +€77,126 | +5,667% |
| Other tangible fixed assets | 26 | €2,904 | €2,904 | = | 0.0% |
| Financial fixed assets | 28 | €577,312 | €577,312 | = | 0.0% |
| Current assets | 29/58 | €1,008,160 | €933,366 | -€74,794 | -7.4% |
| Amounts receivable within one year | 40/41 | €908,190 | €820,156 | -€88,034 | -9.7% |
| Trade receivables | 40 | €9,630 | €12,583 | +€2,953 | +30.7% |
| Other amounts receivable | 41 | €898,560 | €807,573 | -€90,987 | -10.1% |
| Cash at bank and in hand | 54/58 | €99,618 | €113,007 | +€13,389 | +13.4% |
| Deferred charges and accrued income | 490/1 | €352 | €203 | -€149 | -42.4% |
| Total equity and liabilities | 10/49 | €2,018,985 | €2,006,801 | -€12,185 | -0.6% |
| Equity | 10/15 | €1,894,165 | €1,264,009 | -€630,156 | -33.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,875,615 | €1,245,459 | -€630,156 | -33.6% |
| Distributable reserves | 133 | €1,875,615 | €1,245,459 | -€630,156 | -33.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €124,821 | €742,792 | +€617,971 | +495% |
| Amounts payable after more than one year | 17 | €82,227 | €69,816 | -€12,412 | -15.1% |
| Financial debts | 170/4 | €82,227 | €69,816 | -€12,412 | -15.1% |
| Amounts payable within one year | 42/48 | €42,593 | €672,976 | +€630,383 | +1,480% |
| Current portion of amounts payable after more than one year | 42 | €13,350 | €13,442 | +€92 | +0.7% |
| Trade debts | 44 | €1,357 | €12,973 | +€11,616 | +856% |
| Suppliers | 440/4 | €1,357 | €12,973 | +€11,616 | +856% |
| Taxes, remuneration and social security | 45 | €25,742 | €7,363 | -€18,379 | -71.4% |
| Taxes | 450/3 | €22,423 | €4,113 | -€18,309 | -81.7% |
| Remuneration and social security | 454/9 | €3,320 | €3,250 | -€70 | -2.1% |
| Other amounts payable | 47/48 | €2,145 | €639,198 | +€637,054 | +29,704% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,712 | €33,347 | +€15,635 | +88.3% |
| Other operating charges | 640/8 | €1,111 | €1,764 | +€653 | +58.8% |
| Gross operating margin | 9900 | €167,382 | €112,444 | -€54,938 | -32.8% |
| Operating profit (loss) | 9901 | €148,559 | €77,333 | -€71,226 | -47.9% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €1,285 | €1,159 | -€126 | -9.8% |
| Recurring financial charges | 65 | €1,285 | €1,159 | -€126 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €147,282 | €76,174 | -€71,108 | -48.3% |
| Income taxes | 67/77 | €43,041 | €20,987 | -€22,053 | -51.2% |
| Profit (loss) for the period | 9904 | €104,241 | €55,187 | -€49,054 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €104,241 | €55,187 | -€49,054 | -47.1% |
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 24 October 2026 via checked.be.