Sturtewagen & Co: what changed
Sturtewagen & Co
Largest movements
- Cash -€46,029
down €46,029 (-12.8%), from €358,566 to €312,537
mainly Net result for the year (-€46,251) and Deferred charges and accrued income (-€21,490)
- Deferred charges and accrued income +€21,490
up €21,490 (+955%), from €2,251 to €23,741
- Receivables within one year -€20,873
down €20,873 (-81.2%), from €25,703 to €4,831
of which Trade receivables: -€21,211
- Tangible fixed assets -€8,972
down €8,972 (-11.1%), from €80,861 to €71,889
of which Furniture and vehicles: -€7,884
- Profit (loss) carried forward -€46,251
down €46,251, from €1,049 to -€45,203
- Tax, wage and social debts -€6,230
no longer reported in 2025 (was €6,230)
- Accrued charges and deferred income +€5,761
new in 2025: €5,761
- Other debts -€5,633
down €5,633 (-4.7%), from €119,867 to €114,234
- Gross operating margin -€61,508
down €61,508, from €32,737 to -€28,771
- Financial charges -€4,594
down €4,594 (-98.5%), from €4,666 to €72
- Taxes -€4,070
down €4,070 (-90.3%), from €4,508 to €437
- Other operating charges -€1,508
down €1,508 (-45.0%), from €3,349 to €1,841
- Depreciation +€955
up €955 (+6.7%), from €14,176 to €15,130
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €467,382 | €412,998 | -€54,383 | -11.6% |
| Fixed assets | 21/28 | €80,861 | €71,889 | -€8,972 | -11.1% |
| Tangible fixed assets | 22/27 | €80,861 | €71,889 | -€8,972 | -11.1% |
| Land and buildings | 22 | €38,655 | €38,449 | -€206 | -0.5% |
| Furniture and vehicles | 24 | €41,324 | €33,440 | -€7,884 | -19.1% |
| Assets under construction and advance payments | 27 | €882 | - | -€882 | |
| Current assets | 29/58 | €386,521 | €341,109 | -€45,411 | -11.7% |
| Amounts receivable within one year | 40/41 | €25,703 | €4,831 | -€20,873 | -81.2% |
| Trade receivables | 40 | €21,211 | - | -€21,211 | |
| Other amounts receivable | 41 | €4,492 | €4,831 | +€339 | +7.5% |
| Cash at bank and in hand | 54/58 | €358,566 | €312,537 | -€46,029 | -12.8% |
| Deferred charges and accrued income | 490/1 | €2,251 | €23,741 | +€21,490 | +955% |
| Total equity and liabilities | 10/49 | €467,382 | €412,998 | -€54,383 | -11.6% |
| Equity | 10/15 | €335,212 | €288,961 | -€46,251 | -13.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Share premium | 1100/10 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €284,163 | €284,163 | = | 0.0% |
| Distributable reserves | 133 | €284,163 | €284,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,049 | -€45,203 | -€46,251 | |
| Amounts payable | 17/49 | €132,170 | €124,038 | -€8,132 | -6.2% |
| Amounts payable within one year | 42/48 | €132,170 | €118,276 | -€13,893 | -10.5% |
| Trade debts | 44 | €6,073 | €4,043 | -€2,030 | -33.4% |
| Suppliers | 440/4 | €6,073 | €4,043 | -€2,030 | -33.4% |
| Taxes, remuneration and social security | 45 | €6,230 | - | -€6,230 | |
| Taxes | 450/3 | €6,230 | - | -€6,230 | |
| Other amounts payable | 47/48 | €119,867 | €114,234 | -€5,633 | -4.7% |
| Accrued charges and deferred income | 492/3 | - | €5,761 | +€5,761 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,176 | €15,130 | +€955 | +6.7% |
| Other operating charges | 640/8 | €3,349 | €1,841 | -€1,508 | -45.0% |
| Gross operating margin | 9900 | €32,737 | -€28,771 | -€61,508 | |
| Operating profit (loss) | 9901 | €15,212 | -€45,742 | -€60,954 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,666 | €72 | -€4,594 | -98.5% |
| Recurring financial charges | 65 | €4,666 | €72 | -€4,594 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €10,546 | -€45,814 | -€56,359 | |
| Income taxes | 67/77 | €4,508 | €437 | -€4,070 | -90.3% |
| Profit (loss) for the period | 9904 | €6,038 | -€46,251 | -€52,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,038 | -€46,251 | -€52,289 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.