STAR BUILD: 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 BUILD
Largest movements
- Cash +€45,832
up €45,832 (+99.8%), from €45,938 to €91,770
mainly Net result for the year (+€126,430) and Depreciation (+€40,400)
- Receivables within one year -€39,143
down €39,143 (-20.6%), from €189,763 to €150,620
of which Other amounts receivable: -€19,648
- Tangible fixed assets +€20,428
up €20,428 (+22.2%), from €91,947 to €112,374
- Profit (loss) carried forward +€126,430
up €126,430 (+226%), from €55,945 to €182,375
- Trade debts -€117,407
down €117,407 (-46.7%), from €251,319 to €133,911
of which Bills of exchange payable: -€99,487
- Tax, wage and social debts +€20,787
up €20,787 (+142%), from €14,690 to €35,477
- Gross operating margin +€119,183
up €119,183 (+136%), from €87,917 to €207,100
- Depreciation +€27,444
up €27,444 (+212%), from €12,956 to €40,400
- Taxes +€22,056
up €22,056 (+150%), from €14,690 to €36,746
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 | €327,647 | €354,764 | +€27,117 | +8.3% |
| Fixed assets | 21/28 | €91,947 | €112,374 | +€20,428 | +22.2% |
| Tangible fixed assets | 22/27 | €91,947 | €112,374 | +€20,428 | +22.2% |
| Furniture and vehicles | 24 | €91,947 | €112,374 | +€20,428 | +22.2% |
| Current assets | 29/58 | €235,700 | €242,389 | +€6,689 | +2.8% |
| Amounts receivable within one year | 40/41 | €189,763 | €150,620 | -€39,143 | -20.6% |
| Trade receivables | 40 | €162,620 | €143,125 | -€19,495 | -12.0% |
| Other amounts receivable | 41 | €27,143 | €7,495 | -€19,648 | -72.4% |
| Cash at bank and in hand | 54/58 | €45,938 | €91,770 | +€45,832 | +99.8% |
| Total equity and liabilities | 10/49 | €327,647 | €354,764 | +€27,117 | +8.3% |
| Equity | 10/15 | €58,945 | €185,375 | +€126,430 | +214% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,945 | €182,375 | +€126,430 | +226% |
| Amounts payable | 17/49 | €268,702 | €169,388 | -€99,314 | -37.0% |
| Amounts payable within one year | 42/48 | €268,702 | €169,388 | -€99,314 | -37.0% |
| Trade debts | 44 | €251,319 | €133,911 | -€117,407 | -46.7% |
| Suppliers | 440/4 | €18,486 | €566 | -€17,920 | -96.9% |
| Bills of exchange payable | 441 | €232,833 | €133,346 | -€99,487 | -42.7% |
| Taxes, remuneration and social security | 45 | €14,690 | €35,477 | +€20,787 | +142% |
| Taxes | 450/3 | €14,690 | €35,477 | +€20,787 | +142% |
| Other amounts payable | 47/48 | €2,693 | - | -€2,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,956 | €40,400 | +€27,444 | +212% |
| Other operating charges | 640/8 | €2,988 | €3,322 | +€334 | +11.2% |
| Gross operating margin | 9900 | €87,917 | €207,100 | +€119,183 | +136% |
| Operating profit (loss) | 9901 | €71,973 | €163,378 | +€91,405 | +127% |
| Financial charges | 65/66B | €1,338 | €202 | -€1,136 | -84.9% |
| Recurring financial charges | 65 | €1,338 | €202 | -€1,136 | -84.9% |
| Profit (loss) for the period before taxes | 9903 | €70,635 | €163,177 | +€92,541 | +131% |
| Income taxes | 67/77 | €14,690 | €36,746 | +€22,056 | +150% |
| Profit (loss) for the period | 9904 | €55,945 | €126,430 | +€70,485 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €55,945 | €126,430 | +€70,485 | +126% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.