WIM STERCKX: 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.
WIM STERCKX
Largest movements
- Financial fixed assets -€100,000
down €100,000 (-59.1%), from €169,300 to €69,300
- Cash +€62,228
up €62,228 (+19.8%), from €314,732 to €376,960
mainly Net result for the year (+€171,740) and Investment in fixed assets (net) (+€100,000)
- Tangible fixed assets -€9,600
down €9,600 (-4.3%), from €221,300 to €211,700
of which Land and buildings: -€9,290
- Other debts -€67,105
down €67,105 (-32.6%), from €205,847 to €138,742
- Reserves +€66,599
up €66,599 (+18.4%), from €361,560 to €428,159
of which Distributable reserves: +€66,599
- Tax, wage and social debts -€26,928
down €26,928 (-49.8%), from €54,120 to €27,192
- Debts after one year -€10,965
down €10,965 (-7.6%), from €143,647 to €132,682
- Financial income +€97,766
up €97,766 (+1,964%), from €4,977 to €102,743
- Gross operating margin -€39,495
down €39,495 (-22.9%), from €172,227 to €132,732
- Taxes -€3,870
down €3,870 (-7.6%), from €51,032 to €47,162
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 | €836,981 | €796,783 | -€40,198 | -4.8% |
| Fixed assets | 21/28 | €390,600 | €281,000 | -€109,600 | -28.1% |
| Tangible fixed assets | 22/27 | €221,300 | €211,700 | -€9,600 | -4.3% |
| Land and buildings | 22 | €220,890 | €211,600 | -€9,290 | -4.2% |
| Plant, machinery and equipment | 23 | €410 | €100 | -€310 | -75.6% |
| Financial fixed assets | 28 | €169,300 | €69,300 | -€100,000 | -59.1% |
| Current assets | 29/58 | €446,381 | €515,783 | +€69,402 | +15.5% |
| Amounts receivable within one year | 40/41 | €131,649 | €136,835 | +€5,186 | +3.9% |
| Trade receivables | 40 | €65,080 | €64,967 | -€113 | -0.2% |
| Other amounts receivable | 41 | €66,569 | €71,868 | +€5,298 | +8.0% |
| Cash at bank and in hand | 54/58 | €314,732 | €376,960 | +€62,228 | +19.8% |
| Deferred charges and accrued income | 490/1 | - | €1,988 | +€1,988 | |
| Total equity and liabilities | 10/49 | €836,981 | €796,783 | -€40,198 | -4.8% |
| Equity | 10/15 | €394,903 | €461,502 | +€66,599 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €361,560 | €428,159 | +€66,599 | +18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €359,700 | €426,299 | +€66,599 | +18.5% |
| Profit (loss) carried forward | 14 | €14,743 | €14,743 | = | 0.0% |
| Amounts payable | 17/49 | €442,077 | €335,281 | -€106,797 | -24.2% |
| Amounts payable after more than one year | 17 | €143,647 | €132,682 | -€10,965 | -7.6% |
| Financial debts | 170/4 | €143,647 | €132,682 | -€10,965 | -7.6% |
| Amounts payable within one year | 42/48 | €298,431 | €201,019 | -€97,412 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €10,703 | €10,965 | +€262 | +2.5% |
| Trade debts | 44 | €27,761 | €24,120 | -€3,641 | -13.1% |
| Suppliers | 440/4 | €27,761 | €24,120 | -€3,641 | -13.1% |
| Taxes, remuneration and social security | 45 | €54,120 | €27,192 | -€26,928 | -49.8% |
| Taxes | 450/3 | €54,120 | €27,192 | -€26,928 | -49.8% |
| Other amounts payable | 47/48 | €205,847 | €138,742 | -€67,105 | -32.6% |
| Accrued charges and deferred income | 492/3 | - | €1,580 | +€1,580 | |
| Non-recurring operating income | 76A | €2,950 | €500 | -€2,450 | -83.1% |
| Remuneration, social security and pensions | 62 | €2,308 | €1,176 | -€1,132 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,600 | €9,600 | = | 0.0% |
| Other operating charges | 640/8 | €1,707 | €1,753 | +€46 | +2.7% |
| Gross operating margin | 9900 | €172,227 | €132,732 | -€39,495 | -22.9% |
| Operating profit (loss) | 9901 | €158,611 | €120,202 | -€38,409 | -24.2% |
| Financial income | 75/76B | €4,977 | €102,743 | +€97,766 | +1,964% |
| Recurring financial income | 75 | €4,977 | €102,743 | +€97,766 | +1,964% |
| Financial charges | 65/66B | €4,299 | €4,043 | -€255 | -5.9% |
| Recurring financial charges | 65 | €4,299 | €4,043 | -€255 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €159,289 | €218,902 | +€59,613 | +37.4% |
| Income taxes | 67/77 | €51,032 | €47,162 | -€3,870 | -7.6% |
| Profit (loss) for the period | 9904 | €108,258 | €171,740 | +€63,483 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €108,258 | €171,740 | +€63,483 | +58.6% |
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 23 October 2026 via checked.be.