STAR BACK: 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 BACK
Largest movements
- Stocks and contracts +€37,272
up €37,272 (+294%), from €12,674 to €49,946
- Cash -€1,894
down €1,894 (-13.5%), from €14,043 to €12,149
mainly Stocks and contracts (-€37,272) and Contributions, distributions and other (-€0)
- Profit (loss) carried forward +€15,924
up €15,924 (+1,959%), from €813 to €16,737
- Tax, wage and social debts +€11,293
up €11,293 (+358%), from €3,151 to €14,444
of which Taxes: +€6,321
- Trade debts +€6,794
up €6,794 (+197%), from €3,453 to €10,247
- Other debts +€1,367
new in 2025: €1,367
- Gross operating margin +€53,309
up €53,309 (+2,622%), from €2,033 to €55,342
- Turnover +€34,489
up €34,489 (+53.7%), from €64,178 to €98,667
- Staff costs +€33,275
new in 2025: €33,275
- Purchases and services -€7,570
down €7,570 (-12.2%), from €62,145 to €54,575
- Taxes +€5,029
up €5,029 (+1,809%), from €278 to €5,307
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 | €26,717 | €62,095 | +€35,378 | +132% |
| Current assets | 29/58 | €26,717 | €62,095 | +€35,378 | +132% |
| Stocks and contracts in progress | 3 | €12,674 | €49,946 | +€37,272 | +294% |
| Stocks | 30/36 | €12,674 | €49,946 | +€37,272 | +294% |
| Cash at bank and in hand | 54/58 | €14,043 | €12,149 | -€1,894 | -13.5% |
| Total equity and liabilities | 10/49 | €26,717 | €62,095 | +€35,378 | +132% |
| Equity | 10/15 | €20,113 | €36,037 | +€15,924 | +79.2% |
| Contributions | 10/11 | €19,300 | €19,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €813 | €16,737 | +€15,924 | +1,959% |
| Amounts payable | 17/49 | €6,604 | €26,058 | +€19,454 | +295% |
| Amounts payable within one year | 42/48 | €6,604 | €26,058 | +€19,454 | +295% |
| Trade debts | 44 | €3,453 | €10,247 | +€6,794 | +197% |
| Suppliers | 440/4 | €3,453 | €10,247 | +€6,794 | +197% |
| Taxes, remuneration and social security | 45 | €3,151 | €14,444 | +€11,293 | +358% |
| Taxes | 450/3 | €3,151 | €9,472 | +€6,321 | +201% |
| Remuneration and social security | 454/9 | - | €4,972 | +€4,972 | |
| Other amounts payable | 47/48 | - | €1,367 | +€1,367 | |
| Turnover | 70 | €64,178 | €98,667 | +€34,489 | +53.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €62,145 | €54,575 | -€7,570 | -12.2% |
| Remuneration, social security and pensions | 62 | - | €33,275 | +€33,275 | |
| Other operating charges | 640/8 | €746 | €25 | -€721 | -96.6% |
| Gross operating margin | 9900 | €2,033 | €55,342 | +€53,309 | +2,622% |
| Operating profit (loss) | 9901 | €1,287 | €22,042 | +€20,755 | +1,613% |
| Financial charges | 65/66B | €196 | €811 | +€615 | +314% |
| Recurring financial charges | 65 | €196 | €811 | +€615 | +314% |
| Profit (loss) for the period before taxes | 9903 | €1,091 | €21,231 | +€20,140 | +1,846% |
| Income taxes | 67/77 | €278 | €5,307 | +€5,029 | +1,809% |
| Profit (loss) for the period | 9904 | €813 | €15,924 | +€15,111 | +1,859% |
| Profit (loss) for the period to be appropriated | 9905 | €813 | €15,924 | +€15,111 | +1,859% |
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 29 October 2026 via checked.be.