STAR BILZEN: 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 BILZEN
Largest movements
- Cash +€147,561
up €147,561 (+593%), from €24,875 to €172,436
mainly Trade debts (+€90,735) and Net result for the year (+€71,017)
- Receivables within one year +€39,729
up €39,729 (+115%), from €34,614 to €74,343
of which Other amounts receivable: +€26,218
- Tangible fixed assets +€24,274
up €24,274 (+241%), from €10,065 to €34,339
of which Furniture and vehicles: +€17,183
- Stocks and contracts -€4,763
down €4,763 (-5.1%), from €93,006 to €88,243
- Trade debts +€90,735
up €90,735 (+401%), from €22,633 to €113,368
- Reserves +€71,017
up €71,017 (+127%), from €55,965 to €126,982
of which Distributable reserves: +€72,877
- Tax, wage and social debts +€37,659
up €37,659 (+380%), from €9,911 to €47,570
of which Taxes: +€33,859
- Accrued charges and deferred income +€9,147
new in 2024: €9,147
- Gross operating margin +€108,209
up €108,209, from -€16,327 to €91,882
- Taxes +€35,822
up €35,822 (+757%), from €4,735 to €40,557
- Depreciation +€4,060
up €4,060 (+126%), from €3,210 to €7,270
- Other operating charges +€1,695
up €1,695 (+35.8%), from €4,739 to €6,434
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 | €165,715 | €373,806 | +€208,091 | +126% |
| Fixed assets | 21/28 | €11,228 | €35,502 | +€24,274 | +216% |
| Tangible fixed assets | 22/27 | €10,065 | €34,339 | +€24,274 | +241% |
| Land and buildings | 22 | - | €2,207 | +€2,207 | |
| Plant, machinery and equipment | 23 | €3,529 | €8,413 | +€4,884 | +138% |
| Furniture and vehicles | 24 | €6,536 | €23,719 | +€17,183 | +263% |
| Financial fixed assets | 28 | €1,163 | €1,163 | = | 0.0% |
| Current assets | 29/58 | €154,487 | €338,304 | +€183,817 | +119% |
| Stocks and contracts in progress | 3 | €93,006 | €88,243 | -€4,763 | -5.1% |
| Stocks | 30/36 | €93,006 | €88,243 | -€4,763 | -5.1% |
| Amounts receivable within one year | 40/41 | €34,614 | €74,343 | +€39,729 | +115% |
| Trade receivables | 40 | €6,051 | €19,562 | +€13,511 | +223% |
| Other amounts receivable | 41 | €28,563 | €54,781 | +€26,218 | +91.8% |
| Cash at bank and in hand | 54/58 | €24,875 | €172,436 | +€147,561 | +593% |
| Deferred charges and accrued income | 490/1 | €1,992 | €3,282 | +€1,290 | +64.8% |
| Total equity and liabilities | 10/49 | €165,715 | €373,806 | +€208,091 | +126% |
| Equity | 10/15 | €83,145 | €154,162 | +€71,017 | +85.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,965 | €126,982 | +€71,017 | +127% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €54,105 | €126,982 | +€72,877 | +135% |
| Profit (loss) carried forward | 14 | €8,580 | €8,580 | = | 0.0% |
| Amounts payable | 17/49 | €82,570 | €219,644 | +€137,074 | +166% |
| Amounts payable after more than one year | 17 | €20,128 | €17,018 | -€3,110 | -15.5% |
| Financial debts | 170/4 | €20,128 | €17,018 | -€3,110 | -15.5% |
| Amounts payable within one year | 42/48 | €62,442 | €193,479 | +€131,037 | +210% |
| Current portion of amounts payable after more than one year | 42 | €4,098 | €3,110 | -€988 | -24.1% |
| Trade debts | 44 | €22,633 | €113,368 | +€90,735 | +401% |
| Suppliers | 440/4 | €22,633 | €113,368 | +€90,735 | +401% |
| Advances received on contracts in progress | 46 | - | €179 | +€179 | |
| Taxes, remuneration and social security | 45 | €9,911 | €47,570 | +€37,659 | +380% |
| Taxes | 450/3 | €6,811 | €40,670 | +€33,859 | +497% |
| Remuneration and social security | 454/9 | €3,100 | €6,900 | +€3,800 | +123% |
| Other amounts payable | 47/48 | €25,800 | €29,252 | +€3,452 | +13.4% |
| Accrued charges and deferred income | 492/3 | - | €9,147 | +€9,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,210 | €7,270 | +€4,060 | +126% |
| Other operating charges | 640/8 | €4,739 | €6,434 | +€1,695 | +35.8% |
| Gross operating margin | 9900 | -€16,327 | €91,882 | +€108,209 | |
| Operating profit (loss) | 9901 | -€24,276 | €78,178 | +€102,454 | |
| Financial income | 75/76B | €34,432 | €34,499 | +€67 | +0.2% |
| Recurring financial income | 75 | €34,432 | €34,499 | +€67 | +0.2% |
| Financial charges | 65/66B | €331 | €1,103 | +€772 | +233% |
| Recurring financial charges | 65 | €331 | €1,103 | +€772 | +233% |
| Profit (loss) for the period before taxes | 9903 | €9,825 | €111,574 | +€101,749 | +1,036% |
| Income taxes | 67/77 | €4,735 | €40,557 | +€35,822 | +757% |
| Profit (loss) for the period | 9904 | €5,090 | €71,017 | +€65,927 | +1,295% |
| Profit (loss) for the period to be appropriated | 9905 | €5,090 | €71,017 | +€65,927 | +1,295% |
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 20 October 2026 via checked.be.