IS. 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.
IS. STAR
Largest movements
- Receivables within one year +€68,106
up €68,106 (+13.5%), from €506,015 to €574,120
of which Other amounts receivable: +€67,408
- Cash -€39,320
down €39,320 (-97.3%), from €40,409 to €1,089
mainly Trade debts (-€108,311) and Receivables within one year (-€68,106)
- Tangible fixed assets -€18,346
down €18,346 (-45.9%), from €39,980 to €21,634
of which Furniture and vehicles: -€17,640
- Other debts +€149,024
up €149,024 (+207%), from €71,929 to €220,953
- Trade debts -€108,311
down €108,311 (-54.2%), from €199,733 to €91,422
- Profit (loss) carried forward -€13,594
down €13,594 (-9.6%), from €141,678 to €128,083
- Tax, wage and social debts -€8,240
down €8,240 (-11.7%), from €70,141 to €61,902
of which Remuneration and social security: -€7,930
- Debts after one year -€8,090
no longer reported in 2025 (was €8,090)
- Staff costs +€10,070
up €10,070 (+5.0%), from €202,530 to €212,600
- Gross operating margin -€9,908
down €9,908 (-4.2%), from €235,361 to €225,453
- Depreciation -€6,032
down €6,032 (-22.3%), from €27,021 to €20,989
- Taxes -€5,528
down €5,528 (-84.4%), from €6,553 to €1,025
- Financial charges -€3,088
down €3,088 (-55.9%), from €5,520 to €2,432
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 | €590,608 | €599,585 | +€8,977 | +1.5% |
| Fixed assets | 21/28 | €39,980 | €21,634 | -€18,346 | -45.9% |
| Tangible fixed assets | 22/27 | €39,980 | €21,634 | -€18,346 | -45.9% |
| Furniture and vehicles | 24 | €37,155 | €19,516 | -€17,640 | -47.5% |
| Other tangible fixed assets | 26 | €2,824 | €2,118 | -€706 | -25.0% |
| Current assets | 29/58 | €550,628 | €577,951 | +€27,323 | +5.0% |
| Amounts receivable within one year | 40/41 | €506,015 | €574,120 | +€68,106 | +13.5% |
| Trade receivables | 40 | €205,753 | €206,450 | +€697 | +0.3% |
| Other amounts receivable | 41 | €300,262 | €367,670 | +€67,408 | +22.4% |
| Cash at bank and in hand | 54/58 | €40,409 | €1,089 | -€39,320 | -97.3% |
| Deferred charges and accrued income | 490/1 | €4,204 | €2,741 | -€1,463 | -34.8% |
| Total equity and liabilities | 10/49 | €590,608 | €599,585 | +€8,977 | +1.5% |
| Equity | 10/15 | €217,138 | €203,543 | -€13,594 | -6.3% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,678 | €128,083 | -€13,594 | -9.6% |
| Amounts payable | 17/49 | €373,470 | €396,041 | +€22,572 | +6.0% |
| Amounts payable after more than one year | 17 | €8,090 | - | -€8,090 | |
| Financial debts | 170/4 | €8,090 | - | -€8,090 | |
| Amounts payable within one year | 42/48 | €364,747 | €396,041 | +€31,294 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €12,920 | €8,784 | -€4,136 | -32.0% |
| Financial debts | 43 | €10,024 | €12,981 | +€2,957 | +29.5% |
| Credit institutions | 430/8 | €10,024 | €12,981 | +€2,957 | +29.5% |
| Trade debts | 44 | €199,733 | €91,422 | -€108,311 | -54.2% |
| Suppliers | 440/4 | €199,733 | €91,422 | -€108,311 | -54.2% |
| Taxes, remuneration and social security | 45 | €70,141 | €61,902 | -€8,240 | -11.7% |
| Taxes | 450/3 | €20,819 | €20,510 | -€309 | -1.5% |
| Remuneration and social security | 454/9 | €49,322 | €41,391 | -€7,930 | -16.1% |
| Other amounts payable | 47/48 | €71,929 | €220,953 | +€149,024 | +207% |
| Accrued charges and deferred income | 492/3 | €633 | - | -€633 | |
| Remuneration, social security and pensions | 62 | €202,530 | €212,600 | +€10,070 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,021 | €20,989 | -€6,032 | -22.3% |
| Other operating charges | 640/8 | €1,190 | €2,001 | +€811 | +68.1% |
| Gross operating margin | 9900 | €235,361 | €225,453 | -€9,908 | -4.2% |
| Operating profit (loss) | 9901 | €4,620 | -€10,137 | -€14,757 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €5,520 | €2,432 | -€3,088 | -55.9% |
| Recurring financial charges | 65 | €5,520 | €2,432 | -€3,088 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | -€900 | -€12,569 | -€11,669 | -1,296% |
| Income taxes | 67/77 | €6,553 | €1,025 | -€5,528 | -84.4% |
| Profit (loss) for the period | 9904 | -€7,453 | -€13,594 | -€6,141 | -82.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,453 | -€13,594 | -€6,141 | -82.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.