STAR AMPM: 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 AMPM
Largest movements
- Receivables within one year -€73,310
down €73,310 (-89.6%), from €81,854 to €8,543
of which Trade receivables: -€68,824
- Tangible fixed assets +€25,570
up €25,570 (+69.0%), from €37,059 to €62,628
of which Furniture and vehicles: +€32,652
- Cash +€14,163
up €14,163 (+1617.6%), from €876 to €15,039
mainly Receivables within one year (+€73,310) and Debts after one year (+€20,967)
- Profit (loss) carried forward -€26,549
down €26,549 (-35.4%), from €75,080 to €48,531
- Debts after one year +€20,967
up €20,967, from €0 to €20,967
- Other debts -€18,129
down €18,129 (-78.0%), from €23,229 to €5,100
- Tax, wage and social debts -€7,727
down €7,727 (-98.3%), from €7,857 to €130
- Trade debts -€4,146
down €4,146 (-95.8%), from €4,329 to €183
- Gross operating margin +€20,512
up €20,512 (+93.0%), from €22,048 to €42,560
- Depreciation -€7,536
down €7,536 (-36.0%), from €20,926 to €13,390
- Taxes +€5,073
up €5,073 (+480.2%), from €1,057 to €6,130
- Financial charges +€530
up €530 (+70.7%), from €750 to €1,280
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 | €121,422 | €87,424 | -€33,998 | -28.0% |
| Fixed assets | 21/28 | €37,958 | €63,527 | +€25,570 | +67.4% |
| Tangible fixed assets | 22/27 | €37,059 | €62,628 | +€25,570 | +69.0% |
| Plant, machinery and equipment | 23 | €1,103 | €214 | -€890 | -80.6% |
| Furniture and vehicles | 24 | €8,222 | €40,874 | +€32,652 | +397.1% |
| Other tangible fixed assets | 26 | €27,733 | €21,541 | -€6,192 | -22.3% |
| Financial fixed assets | 28 | €899 | €899 | = | 0.0% |
| Current assets | 29/58 | €83,464 | €23,897 | -€59,567 | -71.4% |
| Amounts receivable within one year | 40/41 | €81,854 | €8,543 | -€73,310 | -89.6% |
| Trade receivables | 40 | €68,824 | €0 | -€68,824 | -100.0% |
| Other amounts receivable | 41 | €13,030 | €8,543 | -€4,487 | -34.4% |
| Cash at bank and in hand | 54/58 | €876 | €15,039 | +€14,163 | +1617.6% |
| Deferred charges and accrued income | 490/1 | €735 | €315 | -€420 | -57.1% |
| Total equity and liabilities | 10/49 | €121,422 | €87,424 | -€33,998 | -28.0% |
| Equity | 10/15 | €79,080 | €52,531 | -€26,549 | -33.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,080 | €48,531 | -€26,549 | -35.4% |
| Amounts payable | 17/49 | €42,342 | €34,893 | -€7,449 | -17.6% |
| Amounts payable after more than one year | 17 | €0 | €20,967 | +€20,967 | |
| Financial debts | 170/4 | €0 | €20,967 | +€20,967 | |
| Amounts payable within one year | 42/48 | €42,342 | €13,926 | -€28,415 | -67.1% |
| Current portion of amounts payable after more than one year | 42 | €6,927 | €8,514 | +€1,587 | +22.9% |
| Trade debts | 44 | €4,329 | €183 | -€4,146 | -95.8% |
| Suppliers | 440/4 | €4,329 | €183 | -€4,146 | -95.8% |
| Taxes, remuneration and social security | 45 | €7,857 | €130 | -€7,727 | -98.3% |
| Taxes | 450/3 | €7,857 | €130 | -€7,727 | -98.3% |
| Other amounts payable | 47/48 | €23,229 | €5,100 | -€18,129 | -78.0% |
| Non-recurring operating income | 76A | - | €9,049 | +€9,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,926 | €13,390 | -€7,536 | -36.0% |
| Other operating charges | 640/8 | €1,223 | €1,250 | +€26 | +2.2% |
| Gross operating margin | 9900 | €22,048 | €42,560 | +€20,512 | +93.0% |
| Operating profit (loss) | 9901 | -€102 | €27,920 | +€28,022 | |
| Financial charges | 65/66B | €750 | €1,280 | +€530 | +70.7% |
| Recurring financial charges | 65 | €750 | €1,280 | +€530 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | -€852 | €26,640 | +€27,491 | |
| Income taxes | 67/77 | €1,057 | €6,130 | +€5,073 | +480.2% |
| Profit (loss) for the period | 9904 | -€1,908 | €20,510 | +€22,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,908 | €20,510 | +€22,418 |
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 10 October 2026 via checked.be.