GREEN STARLING: 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.
GREEN STARLING
Largest movements
- Cash +€55,154
up €55,154 (+400.3%), from €13,777 to €68,930
mainly Net result for the year (+€40,268) and Depreciation (+€21,289)
- Tangible fixed assets -€16,704
down €16,704 (-20.2%), from €82,819 to €66,115
of which Furniture and vehicles: -€20,361
- Receivables within one year -€10,429
down €10,429 (-38.0%), from €27,418 to €16,989
of which Other amounts receivable: -€13,464
- Deferred charges and accrued income +€3,082
up €3,082 (+63.6%), from €4,846 to €7,928
- Profit (loss) carried forward +€40,268
up €40,268 (+81.4%), from €49,495 to €89,764
- Debts after one year -€17,691
down €17,691 (-32.0%), from €55,280 to €37,589
- Tax, wage and social debts +€5,975
up €5,975 (+232.8%), from €2,567 to €8,542
- Trade debts +€1,804
up €1,804 (+1417.3%), from €127 to €1,932
- Gross operating margin +€30,876
up €30,876 (+68.9%), from €44,816 to €75,692
- Taxes +€6,498
up €6,498 (+141.3%), from €4,598 to €11,096
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 | €128,860 | €159,962 | +€31,102 | +24.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €82,819 | €66,115 | -€16,704 | -20.2% |
| Tangible fixed assets | 22/27 | €82,819 | €66,115 | -€16,704 | -20.2% |
| Plant, machinery and equipment | 23 | €3,930 | €3,001 | -€929 | -23.6% |
| Furniture and vehicles | 24 | €78,889 | €58,529 | -€20,361 | -25.8% |
| Other tangible fixed assets | 26 | - | €4,585 | +€4,585 | |
| Current assets | 29/58 | €46,041 | €93,847 | +€47,806 | +103.8% |
| Amounts receivable within one year | 40/41 | €27,418 | €16,989 | -€10,429 | -38.0% |
| Trade receivables | 40 | €13,552 | €16,587 | +€3,035 | +22.4% |
| Other amounts receivable | 41 | €13,866 | €402 | -€13,464 | -97.1% |
| Cash at bank and in hand | 54/58 | €13,777 | €68,930 | +€55,154 | +400.3% |
| Deferred charges and accrued income | 490/1 | €4,846 | €7,928 | +€3,082 | +63.6% |
| Total equity and liabilities | 10/49 | €128,860 | €159,962 | +€31,102 | +24.1% |
| Equity | 10/15 | €52,495 | €92,764 | +€40,268 | +76.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,495 | €89,764 | +€40,268 | +81.4% |
| Amounts payable | 17/49 | €76,364 | €67,198 | -€9,166 | -12.0% |
| Amounts payable after more than one year | 17 | €55,280 | €37,589 | -€17,691 | -32.0% |
| Financial debts | 170/4 | €55,280 | €37,589 | -€17,691 | -32.0% |
| Amounts payable within one year | 42/48 | €21,084 | €29,609 | +€8,525 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €16,995 | €17,691 | +€697 | +4.1% |
| Trade debts | 44 | €127 | €1,932 | +€1,804 | +1417.3% |
| Suppliers | 440/4 | €127 | €1,932 | +€1,804 | +1417.3% |
| Taxes, remuneration and social security | 45 | €2,567 | €8,542 | +€5,975 | +232.8% |
| Taxes | 450/3 | €2,567 | €8,542 | +€5,975 | +232.8% |
| Other amounts payable | 47/48 | €1,395 | €1,444 | +€49 | +3.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,655 | €21,289 | -€366 | -1.7% |
| Other operating charges | 640/8 | €131 | €233 | +€101 | +77.3% |
| Gross operating margin | 9900 | €44,816 | €75,692 | +€30,876 | +68.9% |
| Operating profit (loss) | 9901 | €23,030 | €54,171 | +€31,141 | +135.2% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €3,428 | €2,816 | -€612 | -17.9% |
| Recurring financial charges | 65 | €3,428 | €2,816 | -€612 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €19,601 | €51,364 | +€31,763 | +162.0% |
| Income taxes | 67/77 | €4,598 | €11,096 | +€6,498 | +141.3% |
| Profit (loss) for the period | 9904 | €15,003 | €40,268 | +€25,265 | +168.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,003 | €40,268 | +€25,265 | +168.4% |
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 4 October 2026 via checked.be.