7 STARS: 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.
7 STARS
Largest movements
- Stocks and contracts -€15,411
down €15,411 (-21.1%), from €73,019 to €57,608
- Tangible fixed assets -€2,638
down €2,638 (-54.6%), from €4,829 to €2,190
of which Furniture and vehicles: -€2,458
- Receivables within one year -€2,096
down €2,096 (-50.3%), from €4,165 to €2,069
- Debts after one year -€20,142
down €20,142 (-36.3%), from €55,523 to €35,382
- Trade debts -€8,578
down €8,578 (-20.3%), from €42,230 to €33,653
- Tax, wage and social debts +€5,247
up €5,247 (+26.6%), from €19,750 to €24,998
of which Remuneration and social security: +€13,021
- Other debts +€5,000
up €5,000 (+134%), from €3,720 to €8,720
- Profit (loss) carried forward -€3,129
down €3,129 (-79.5%), from -€3,938 to -€7,068
- Staff costs +€53,495
up €53,495 (+240%), from €22,272 to €75,766
- Gross operating margin +€47,374
up €47,374 (+127%), from €37,187 to €84,561
- Other operating charges -€3,566
down €3,566 (-28.2%), from €12,642 to €9,077
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 | €174,151 | €152,444 | -€21,707 | -12.5% |
| Fixed assets | 21/28 | €4,979 | €2,390 | -€2,588 | -52.0% |
| Tangible fixed assets | 22/27 | €4,829 | €2,190 | -€2,638 | -54.6% |
| Land and buildings | 22 | €540 | €360 | -€180 | -33.3% |
| Furniture and vehicles | 24 | €4,289 | €1,830 | -€2,458 | -57.3% |
| Financial fixed assets | 28 | €150 | €200 | +€50 | +33.3% |
| Current assets | 29/58 | €169,172 | €150,054 | -€19,118 | -11.3% |
| Stocks and contracts in progress | 3 | €73,019 | €57,608 | -€15,411 | -21.1% |
| Stocks | 30/36 | €73,019 | €57,608 | -€15,411 | -21.1% |
| Amounts receivable within one year | 40/41 | €4,165 | €2,069 | -€2,096 | -50.3% |
| Other amounts receivable | 41 | €4,165 | €2,069 | -€2,096 | -50.3% |
| Cash at bank and in hand | 54/58 | €91,988 | €90,377 | -€1,612 | -1.8% |
| Total equity and liabilities | 10/49 | €174,151 | €152,444 | -€21,707 | -12.5% |
| Equity | 10/15 | €52,821 | €49,692 | -€3,129 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,159 | €38,159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,960 | €1,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,960 | €1,960 | = | 0.0% |
| Distributable reserves | 133 | €36,199 | €36,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,938 | -€7,068 | -€3,129 | -79.5% |
| Amounts payable | 17/49 | €121,330 | €102,752 | -€18,577 | -15.3% |
| Amounts payable after more than one year | 17 | €55,523 | €35,382 | -€20,142 | -36.3% |
| Other amounts payable | 178/9 | €55,523 | €35,382 | -€20,142 | -36.3% |
| Amounts payable within one year | 42/48 | €65,701 | €67,371 | +€1,670 | +2.5% |
| Trade debts | 44 | €42,230 | €33,653 | -€8,578 | -20.3% |
| Suppliers | 440/4 | €42,230 | €33,653 | -€8,578 | -20.3% |
| Taxes, remuneration and social security | 45 | €19,750 | €24,998 | +€5,247 | +26.6% |
| Taxes | 450/3 | €7,773 | - | -€7,773 | |
| Remuneration and social security | 454/9 | €11,977 | €24,998 | +€13,021 | +109% |
| Other amounts payable | 47/48 | €3,720 | €8,720 | +€5,000 | +134% |
| Accrued charges and deferred income | 492/3 | €106 | - | -€106 | |
| Remuneration, social security and pensions | 62 | €22,272 | €75,766 | +€53,495 | +240% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,638 | €2,638 | -€0 | 0.0% |
| Other operating charges | 640/8 | €12,642 | €9,077 | -€3,566 | -28.2% |
| Gross operating margin | 9900 | €37,187 | €84,561 | +€47,374 | +127% |
| Operating profit (loss) | 9901 | -€365 | -€2,920 | -€2,555 | -700% |
| Financial charges | 65/66B | €136 | €141 | +€5 | +3.9% |
| Recurring financial charges | 65 | €136 | €141 | +€5 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€501 | -€3,062 | -€2,560 | -511% |
| Income taxes | 67/77 | - | €68 | +€68 | |
| Profit (loss) for the period | 9904 | -€501 | -€3,129 | -€2,628 | -524% |
| Profit (loss) for the period to be appropriated | 9905 | -€501 | -€3,129 | -€2,628 | -524% |
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 19 October 2026 via checked.be.