EUROPA STAR: 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.
EUROPA STAR
Largest movements
- Stocks and contracts -€10,000
down €10,000 (-12.5%), from €80,000 to €70,000
- Receivables within one year -€1,987
down €1,987 (-85.2%), from €2,332 to €345
- Trade debts -€17,659
down €17,659 (-35.4%), from €49,817 to €32,158
- Tax, wage and social debts +€2,118
up €2,118 (+15.5%), from €13,665 to €15,783
of which Remuneration and social security: +€2,967
- Other debts +€1,986
up €1,986 (+34.4%), from €5,767 to €7,752
- Profit (loss) carried forward +€1,525
up €1,525 (+67.1%), from €2,272 to €3,797
- Gross operating margin +€3,788
up €3,788 (+11.4%), from €33,112 to €36,900
- Financial charges +€1,984
up €1,984 (+175%), from €1,131 to €3,115
- Other operating charges +€1,428
up €1,428 (+369%), from €387 to €1,816
- Staff costs +€1,283
up €1,283 (+4.4%), from €29,001 to €30,284
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 | €85,458 | €73,428 | -€12,030 | -14.1% |
| Fixed assets | 21/28 | €269 | €156 | -€112 | -41.8% |
| Tangible fixed assets | 22/27 | €269 | €156 | -€112 | -41.8% |
| Plant, machinery and equipment | 23 | €269 | €156 | -€112 | -41.8% |
| Current assets | 29/58 | €85,190 | €73,272 | -€11,918 | -14.0% |
| Stocks and contracts in progress | 3 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Stocks | 30/36 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Amounts receivable within one year | 40/41 | €2,332 | €345 | -€1,987 | -85.2% |
| Other amounts receivable | 41 | €2,332 | €345 | -€1,987 | -85.2% |
| Cash at bank and in hand | 54/58 | €2,858 | €2,927 | +€70 | +2.4% |
| Total equity and liabilities | 10/49 | €85,458 | €73,428 | -€12,030 | -14.1% |
| Equity | 10/15 | €15,922 | €17,447 | +€1,525 | +9.6% |
| Contributions | 10/11 | €10 | €10 | = | 0.0% |
| Reserves | 13 | €13,640 | €13,640 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,940 | €1,940 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,940 | €1,940 | = | 0.0% |
| Distributable reserves | 133 | €11,700 | €11,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,272 | €3,797 | +€1,525 | +67.1% |
| Amounts payable | 17/49 | €69,536 | €55,981 | -€13,555 | -19.5% |
| Amounts payable within one year | 42/48 | €69,249 | €55,693 | -€13,555 | -19.6% |
| Trade debts | 44 | €49,817 | €32,158 | -€17,659 | -35.4% |
| Suppliers | 440/4 | €49,817 | €32,158 | -€17,659 | -35.4% |
| Taxes, remuneration and social security | 45 | €13,665 | €15,783 | +€2,118 | +15.5% |
| Taxes | 450/3 | €10,573 | €9,724 | -€848 | -8.0% |
| Remuneration and social security | 454/9 | €3,092 | €6,059 | +€2,967 | +95.9% |
| Other amounts payable | 47/48 | €5,767 | €7,752 | +€1,986 | +34.4% |
| Accrued charges and deferred income | 492/3 | €287 | €287 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €29,001 | €30,284 | +€1,283 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112 | €112 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €1,816 | +€1,428 | +369% |
| Gross operating margin | 9900 | €33,112 | €36,900 | +€3,788 | +11.4% |
| Operating profit (loss) | 9901 | €3,612 | €4,688 | +€1,077 | +29.8% |
| Financial income | 75/76B | €1 | €181 | +€180 | +23,382% |
| Recurring financial income | 75 | €1 | €181 | +€180 | +23,382% |
| Financial charges | 65/66B | €1,131 | €3,115 | +€1,984 | +175% |
| Recurring financial charges | 65 | €1,131 | €3,115 | +€1,984 | +175% |
| Profit (loss) for the period before taxes | 9903 | €2,481 | €1,754 | -€727 | -29.3% |
| Income taxes | 67/77 | €288 | €229 | -€59 | -20.6% |
| Profit (loss) for the period | 9904 | €2,193 | €1,525 | -€668 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,193 | €1,525 | -€668 | -30.5% |
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 31 October 2026 via checked.be.