SB 2 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.
SB 2 STAR
Largest movements
- Tangible fixed assets -€12,813
down €12,813 (-67.4%), from €19,013 to €6,200
of which Furniture and vehicles: -€12,400
- Stocks and contracts +€1,900
up €1,900 (+19.5%), from €9,756 to €11,656
- Cash +€1,864
up €1,864 (+65.6%), from €2,842 to €4,706
- Receivables within one year +€704
up €704 (+182.3%), from €386 to €1,090
- Other debts -€15,750
down €15,750 (-79.8%), from €19,727 to €3,977
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Profit (loss) carried forward -€10,237
down €10,237 (-71.7%), from -€14,271 to -€24,507
- Tax, wage and social debts +€8,595
up €8,595 (+351.7%), from €2,444 to €11,039
of which Remuneration and social security: +€5,595
- Debts after one year -€6,873
no longer reported in 2025 (was €6,873)
- Turnover +€26,483
up €26,483 (+18.1%), from €146,195 to €172,678
- Gross operating margin +€23,618
up €23,618 (+56.5%), from €41,797 to €65,414
- Depreciation -€3,013
down €3,013 (-32.7%), from €9,213 to €6,200
- Purchases and services +€2,866
up €2,866 (+2.7%), from €104,398 to €107,264
- Staff costs -€2,134
down €2,134 (-4.5%), from €47,438 to €45,304
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,732 | €28,152 | -€8,580 | -23.4% |
| Fixed assets | 21/28 | €23,513 | €10,700 | -€12,813 | -54.5% |
| Tangible fixed assets | 22/27 | €19,013 | €6,200 | -€12,813 | -67.4% |
| Plant, machinery and equipment | 23 | €413 | - | -€413 | |
| Furniture and vehicles | 24 | €18,599 | €6,200 | -€12,400 | -66.7% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €13,220 | €17,452 | +€4,232 | +32.0% |
| Stocks and contracts in progress | 3 | €9,756 | €11,656 | +€1,900 | +19.5% |
| Stocks | 30/36 | €9,756 | €11,656 | +€1,900 | +19.5% |
| Amounts receivable within one year | 40/41 | €386 | €1,090 | +€704 | +182.3% |
| Other amounts receivable | 41 | €386 | €1,090 | +€704 | +182.3% |
| Cash at bank and in hand | 54/58 | €2,842 | €4,706 | +€1,864 | +65.6% |
| Deferred charges and accrued income | 490/1 | €236 | - | -€236 | |
| Total equity and liabilities | 10/49 | €36,732 | €28,152 | -€8,580 | -23.4% |
| Equity | 10/15 | -€7,994 | -€5,830 | +€2,163 | +27.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Capital | 10 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €77 | €77 | = | 0.0% |
| Non-distributable reserves | 130/1 | €77 | €77 | = | 0.0% |
| Legal reserve | 130 | €77 | €77 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,271 | -€24,507 | -€10,237 | -71.7% |
| Amounts payable | 17/49 | €44,726 | €33,982 | -€10,744 | -24.0% |
| Amounts payable after more than one year | 17 | €6,873 | - | -€6,873 | |
| Financial debts | 170/4 | €6,873 | - | -€6,873 | |
| Amounts payable within one year | 42/48 | €37,853 | €33,982 | -€3,871 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €5,018 | €1,738 | -€3,279 | -65.4% |
| Trade debts | 44 | €10,664 | €17,228 | +€6,563 | +61.5% |
| Suppliers | 440/4 | €10,664 | €17,228 | +€6,563 | +61.5% |
| Taxes, remuneration and social security | 45 | €2,444 | €11,039 | +€8,595 | +351.7% |
| Taxes | 450/3 | €1,349 | €4,349 | +€3,000 | +222.3% |
| Remuneration and social security | 454/9 | €1,095 | €6,690 | +€5,595 | +511.2% |
| Other amounts payable | 47/48 | €19,727 | €3,977 | -€15,750 | -79.8% |
| Turnover | 70 | €146,195 | €172,678 | +€26,483 | +18.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,398 | €107,264 | +€2,866 | +2.7% |
| Remuneration, social security and pensions | 62 | €47,438 | €45,304 | -€2,134 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,213 | €6,200 | -€3,013 | -32.7% |
| Other operating charges | 640/8 | €405 | €887 | +€482 | +119.2% |
| Gross operating margin | 9900 | €41,797 | €65,414 | +€23,618 | +56.5% |
| Operating profit (loss) | 9901 | -€15,259 | €13,024 | +€28,282 | |
| Financial charges | 65/66B | €478 | €285 | -€193 | -40.4% |
| Recurring financial charges | 65 | €478 | €285 | -€193 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,736 | €12,739 | +€28,476 | |
| Income taxes | 67/77 | - | €516 | +€516 | |
| Profit (loss) for the period | 9904 | -€15,736 | €12,223 | +€27,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,736 | €12,223 | +€27,960 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.