BS STAR: what changed
Two fiscal 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.
BS STAR
Largest movements
- Receivables within one year -€6,469
down €6,469 (-73.0%), from €8,860 to €2,391
of which Other amounts receivable: -€3,969
- Other debts -€3,197
down €3,197 (-3.6%), from €90,007 to €86,810
- Advances received -€2,189
no longer reported in 2025 (was €2,189)
- Profit (loss) carried forward -€1,225
down €1,225 (-1.4%), from -€84,806 to -€86,031
- Short-term financial debts +€143
up €143 (+3492.9%), from €4 to €147
- Write-downs -€115,141
no longer reported in 2025 (was €115,141)
- Gross operating margin -€45,409
down €45,409, from €45,065 to -€344
- Other operating charges -€7,440
down €7,440 (-93.7%), from €7,940 to €500
- Staff costs -€5,494
no longer reported in 2025 (was €5,494)
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.
Cash bridge derived
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 | €8,895 | €2,426 | -€6,469 | -72.7% |
| Current assets | 29/58 | €8,895 | €2,426 | -€6,469 | -72.7% |
| Amounts receivable within one year | 40/41 | €8,860 | €2,391 | -€6,469 | -73.0% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €6,360 | €2,391 | -€3,969 | -62.4% |
| Cash at bank and in hand | 54/58 | €35 | €35 | = | 0.0% |
| Total equity and liabilities | 10/49 | €8,895 | €2,426 | -€6,469 | -72.7% |
| Equity | 10/15 | -€83,306 | -€84,531 | -€1,225 | -1.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,806 | -€86,031 | -€1,225 | -1.4% |
| Amounts payable | 17/49 | €92,200 | €86,957 | -€5,244 | -5.7% |
| Amounts payable within one year | 42/48 | €92,200 | €86,957 | -€5,244 | -5.7% |
| Financial debts | 43 | €4 | €147 | +€143 | +3492.9% |
| Credit institutions | 430/8 | €4 | €147 | +€143 | +3492.9% |
| Advances received on contracts in progress | 46 | €2,189 | - | -€2,189 | |
| Other amounts payable | 47/48 | €90,007 | €86,810 | -€3,197 | -3.6% |
| Remuneration, social security and pensions | 62 | €5,494 | - | -€5,494 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €115,141 | - | -€115,141 | |
| Other operating charges | 640/8 | €7,940 | €500 | -€7,440 | -93.7% |
| Gross operating margin | 9900 | €45,065 | -€344 | -€45,409 | |
| Operating profit (loss) | 9901 | -€83,510 | -€844 | +€82,666 | +99.0% |
| Financial income | 75/76B | €141 | - | -€141 | |
| Recurring financial income | 75 | €141 | - | -€141 | |
| Financial charges | 65/66B | €129 | €381 | +€252 | +195.7% |
| Recurring financial charges | 65 | €129 | €381 | +€252 | +195.7% |
| Profit (loss) for the period before taxes | 9903 | -€83,498 | -€1,225 | +€82,272 | +98.5% |
| Profit (loss) for the period | 9904 | -€83,498 | -€1,225 | +€82,272 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,498 | -€1,225 | +€82,272 | +98.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.