STURDY: 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.
STURDY
Largest movements
- Cash -€70,249
down €70,249 (-62.9%), from €111,658 to €41,409
mainly Investment in fixed assets (net) (-€54,000) and Net result for the year (-€25,071)
- Tangible fixed assets +€43,200
new in 2025: €43,200
- Profit (loss) carried forward -€25,071
down €25,071 (-16.7%), from -€150,459 to -€175,530
- Depreciation +€10,800
new in 2025: €10,800
- Other operating charges +€7,702
up €7,702 (+1,092%), from €705 to €8,408
- Gross operating margin +€519
up €519 (+5.6%), from -€9,302 to -€8,783
- Financial income +€190
up €190 (+6.2%), from €3,077 to €3,268
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 | €408,791 | €382,099 | -€26,693 | -6.5% |
| Fixed assets | 21/28 | - | €43,200 | +€43,200 | |
| Tangible fixed assets | 22/27 | - | €43,200 | +€43,200 | |
| Furniture and vehicles | 24 | - | €43,200 | +€43,200 | |
| Current assets | 29/58 | €408,791 | €338,899 | -€69,893 | -17.1% |
| Amounts receivable after more than one year | 29 | €276,059 | €275,000 | -€1,059 | -0.4% |
| Trade receivables | 290 | €275,000 | €275,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,059 | - | -€1,059 | |
| Amounts receivable within one year | 40/41 | €21,074 | €22,378 | +€1,303 | +6.2% |
| Trade receivables | 40 | €2,002 | - | -€2,002 | |
| Other amounts receivable | 41 | €19,072 | €22,378 | +€3,305 | +17.3% |
| Cash at bank and in hand | 54/58 | €111,658 | €41,409 | -€70,249 | -62.9% |
| Deferred charges and accrued income | 490/1 | - | €113 | +€113 | |
| Total equity and liabilities | 10/49 | €408,791 | €382,099 | -€26,693 | -6.5% |
| Equity | 10/15 | €367,387 | €342,316 | -€25,071 | -6.8% |
| Contributions | 10/11 | €172,160 | €172,160 | = | 0.0% |
| Reserves | 13 | €345,686 | €345,686 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,596 | €16,596 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,596 | €16,596 | = | 0.0% |
| Distributable reserves | 133 | €329,090 | €329,090 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,459 | -€175,530 | -€25,071 | -16.7% |
| Amounts payable | 17/49 | €41,405 | €39,783 | -€1,622 | -3.9% |
| Amounts payable after more than one year | 17 | €41,405 | €39,783 | -€1,622 | -3.9% |
| Other amounts payable | 178/9 | €41,405 | €39,783 | -€1,622 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,800 | +€10,800 | |
| Other operating charges | 640/8 | €705 | €8,408 | +€7,702 | +1,092% |
| Gross operating margin | 9900 | -€9,302 | -€8,783 | +€519 | +5.6% |
| Operating profit (loss) | 9901 | -€10,008 | -€27,991 | -€17,983 | -180% |
| Financial income | 75/76B | €3,077 | €3,268 | +€190 | +6.2% |
| Recurring financial income | 75 | €3,077 | €3,268 | +€190 | +6.2% |
| Financial charges | 65/66B | €348 | €347 | -€0 | -0.1% |
| Recurring financial charges | 65 | €348 | €347 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,278 | -€25,071 | -€17,793 | -244% |
| Profit (loss) for the period | 9904 | -€7,278 | -€25,071 | -€17,793 | -244% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,278 | -€25,071 | -€17,793 | -244% |
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 16 October 2026 via checked.be.