STAR ANTWERPEN: 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 ANTWERPEN
Largest movements
- Cash +€57,033
up €57,033 (+551%), from €10,356 to €67,388
mainly Net result for the year (+€52,227) and Tax, wage and social debts (+€16,358)
- Financial fixed assets +€6,176
new in 2025: €6,176
- Intangible fixed assets +€3,633
new in 2025: €3,633
- Current investments -€2,725
no longer reported in 2025 (was €2,725)
- Profit (loss) carried forward +€32,227
up €32,227, from -€28,961 to €3,265
- Tax, wage and social debts +€16,358
up €16,358 (+122%), from €13,371 to €29,729
of which Remuneration and social security: +€12,774
- Other debts +€15,866
up €15,866 (+73.5%), from €21,600 to €37,466
- Gross operating margin +€95,567
up €95,567, from -€11,580 to €83,987
- Staff costs +€17,775
up €17,775 (+229%), from €7,770 to €25,545
- Other operating charges +€3,594
up €3,594 (+795%), from €452 to €4,047
- Taxes +€1,420
new in 2025: €1,420
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 | €13,459 | €77,900 | +€64,441 | +479% |
| Fixed assets | 21/28 | - | €9,809 | +€9,809 | |
| Intangible fixed assets | 21 | - | €3,633 | +€3,633 | |
| Financial fixed assets | 28 | - | €6,176 | +€6,176 | |
| Current assets | 29/58 | €13,459 | €68,091 | +€54,632 | +406% |
| Amounts receivable within one year | 40/41 | €379 | €702 | +€324 | +85.5% |
| Other amounts receivable | 41 | €379 | €702 | +€324 | +85.5% |
| Current investments | 50/53 | €2,725 | - | -€2,725 | |
| Cash at bank and in hand | 54/58 | €10,356 | €67,388 | +€57,033 | +551% |
| Total equity and liabilities | 10/49 | €13,459 | €77,900 | +€64,441 | +479% |
| Equity | 10/15 | -€26,961 | €5,265 | +€32,227 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,961 | €3,265 | +€32,227 | |
| Amounts payable | 17/49 | €40,420 | €72,635 | +€32,214 | +79.7% |
| Amounts payable within one year | 42/48 | €40,420 | €72,635 | +€32,214 | +79.7% |
| Trade debts | 44 | €5,449 | €5,439 | -€10 | -0.2% |
| Suppliers | 440/4 | €5,449 | €5,439 | -€10 | -0.2% |
| Taxes, remuneration and social security | 45 | €13,371 | €29,729 | +€16,358 | +122% |
| Taxes | 450/3 | €9,288 | €12,872 | +€3,584 | +38.6% |
| Remuneration and social security | 454/9 | €4,083 | €16,858 | +€12,774 | +313% |
| Other amounts payable | 47/48 | €21,600 | €37,466 | +€15,866 | +73.5% |
| Remuneration, social security and pensions | 62 | €7,770 | €25,545 | +€17,775 | +229% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €367 | +€367 | |
| Other operating charges | 640/8 | €452 | €4,047 | +€3,594 | +795% |
| Gross operating margin | 9900 | -€11,580 | €83,987 | +€95,567 | |
| Operating profit (loss) | 9901 | -€19,802 | €54,028 | +€73,831 | |
| Financial charges | 65/66B | €947 | €381 | -€565 | -59.7% |
| Recurring financial charges | 65 | €947 | €381 | -€565 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,749 | €53,647 | +€74,396 | |
| Income taxes | 67/77 | - | €1,420 | +€1,420 | |
| Profit (loss) for the period | 9904 | -€20,749 | €52,227 | +€72,976 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,749 | €52,227 | +€72,976 |
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 25 October 2026 via checked.be.