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.
STAR
Largest movements
- Receivables within one year +€6,958
up €6,958 (+3,681%), from €189 to €7,147
of which Other amounts receivable: +€6,141
- Cash -€6,013
down €6,013 (-13.0%), from €46,256 to €40,243
mainly Trade debts (-€10,895) and Receivables within one year (-€6,958)
- Tax, wage and social debts +€11,366
new in 2024: €11,366
- Trade debts -€10,895
down €10,895 (-57.3%), from €19,026 to €8,131
- Taxes -€4,845
no longer reported in 2024 (was €4,845)
- Gross operating margin +€2,346
up €2,346, from -€964 to €1,383
- Depreciation +€406
up €406 (+589%), from €69 to €475
- Financial charges +€314
up €314 (+348%), from €90 to €404
- Other operating charges +€71
up €71 (+16.3%), from €434 to €505
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,876 | €60,346 | +€470 | +0.8% |
| Fixed assets | 21/28 | €13,431 | €12,956 | -€475 | -3.5% |
| Tangible fixed assets | 22/27 | €4,681 | €4,206 | -€475 | -10.1% |
| Plant, machinery and equipment | 23 | €4,681 | €4,206 | -€475 | -10.1% |
| Financial fixed assets | 28 | €8,750 | €8,750 | = | 0.0% |
| Current assets | 29/58 | €46,445 | €47,390 | +€945 | +2.0% |
| Amounts receivable within one year | 40/41 | €189 | €7,147 | +€6,958 | +3,681% |
| Trade receivables | 40 | - | €817 | +€817 | |
| Other amounts receivable | 41 | €189 | €6,330 | +€6,141 | +3,249% |
| Cash at bank and in hand | 54/58 | €46,256 | €40,243 | -€6,013 | -13.0% |
| Total equity and liabilities | 10/49 | €59,876 | €60,346 | +€470 | +0.8% |
| Equity | 10/15 | €40,044 | €40,043 | -€1 | 0.0% |
| Contributions | 10/11 | €11,697 | €11,697 | = | 0.0% |
| Reserves | 13 | €1,799 | €1,799 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,799 | €1,799 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,799 | €1,799 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,548 | €26,547 | -€1 | 0.0% |
| Amounts payable | 17/49 | €19,831 | €20,303 | +€472 | +2.4% |
| Amounts payable within one year | 42/48 | €19,831 | €20,303 | +€472 | +2.4% |
| Trade debts | 44 | €19,026 | €8,131 | -€10,895 | -57.3% |
| Suppliers | 440/4 | €19,026 | €8,131 | -€10,895 | -57.3% |
| Taxes, remuneration and social security | 45 | - | €11,366 | +€11,366 | |
| Taxes | 450/3 | - | €11,366 | +€11,366 | |
| Other amounts payable | 47/48 | €806 | €806 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69 | €475 | +€406 | +589% |
| Other operating charges | 640/8 | €434 | €505 | +€71 | +16.3% |
| Gross operating margin | 9900 | -€964 | €1,383 | +€2,346 | |
| Operating profit (loss) | 9901 | -€1,467 | €402 | +€1,869 | |
| Financial charges | 65/66B | €90 | €404 | +€314 | +348% |
| Recurring financial charges | 65 | €90 | €404 | +€314 | +348% |
| Profit (loss) for the period before taxes | 9903 | -€1,557 | -€1 | +€1,556 | +99.9% |
| Income taxes | 67/77 | €4,845 | - | -€4,845 | |
| Profit (loss) for the period | 9904 | -€6,402 | -€1 | +€6,401 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,402 | -€1 | +€6,401 | +100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.