STAR BUTCHER: 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 BUTCHER
Largest movements
- Cash +€34,014
up €34,014 (+70.4%), from €48,282 to €82,295
mainly Net result for the year (+€14,196) and Receivables within one year (+€11,978)
- Receivables within one year -€11,978
down €11,978 (-19.3%), from €62,212 to €50,234
of which Trade receivables: -€7,162
- Stocks and contracts -€4,325
down €4,325 (-28.5%), from €15,200 to €10,875
- Tangible fixed assets -€3,730
down €3,730 (-40.3%), from €9,254 to €5,524
of which Furniture and vehicles: -€2,833
- Profit (loss) carried forward +€14,196
up €14,196 (+26.7%), from €53,156 to €67,352
- Trade debts +€5,908
up €5,908 (+12.7%), from €46,378 to €52,286
- Other debts -€5,699
down €5,699 (-79.2%), from €7,200 to €1,501
- Staff costs -€5,704
down €5,704 (-31.6%), from €18,043 to €12,339
- Gross operating margin -€5,109
down €5,109 (-12.5%), from €40,976 to €35,867
- Taxes +€3,831
up €3,831 (+876%), from €438 to €4,268
- Other operating charges -€1,430
down €1,430 (-56.7%), from €2,521 to €1,091
- Depreciation +€448
up €448 (+13.7%), from €3,282 to €3,730
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 | €136,997 | €150,979 | +€13,981 | +10.2% |
| Fixed assets | 21/28 | €11,304 | €7,574 | -€3,730 | -33.0% |
| Tangible fixed assets | 22/27 | €9,254 | €5,524 | -€3,730 | -40.3% |
| Plant, machinery and equipment | 23 | €3,587 | €2,690 | -€897 | -25.0% |
| Furniture and vehicles | 24 | €5,667 | €2,833 | -€2,833 | -50.0% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €125,693 | €143,405 | +€17,711 | +14.1% |
| Stocks and contracts in progress | 3 | €15,200 | €10,875 | -€4,325 | -28.5% |
| Stocks | 30/36 | €15,200 | €10,875 | -€4,325 | -28.5% |
| Amounts receivable within one year | 40/41 | €62,212 | €50,234 | -€11,978 | -19.3% |
| Trade receivables | 40 | €54,891 | €47,730 | -€7,162 | -13.0% |
| Other amounts receivable | 41 | €7,321 | €2,504 | -€4,816 | -65.8% |
| Cash at bank and in hand | 54/58 | €48,282 | €82,295 | +€34,014 | +70.4% |
| Total equity and liabilities | 10/49 | €136,997 | €150,979 | +€13,981 | +10.2% |
| Equity | 10/15 | €73,060 | €87,256 | +€14,196 | +19.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €903 | €903 | = | 0.0% |
| Non-distributable reserves | 130/1 | €903 | €903 | = | 0.0% |
| Reserves not available under the articles | 1311 | €903 | €903 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,156 | €67,352 | +€14,196 | +26.7% |
| Amounts payable | 17/49 | €63,938 | €63,723 | -€215 | -0.3% |
| Amounts payable within one year | 42/48 | €63,938 | €63,723 | -€215 | -0.3% |
| Trade debts | 44 | €46,378 | €52,286 | +€5,908 | +12.7% |
| Suppliers | 440/4 | €46,378 | €52,286 | +€5,908 | +12.7% |
| Taxes, remuneration and social security | 45 | €10,360 | €9,936 | -€423 | -4.1% |
| Taxes | 450/3 | €34 | - | -€34 | |
| Remuneration and social security | 454/9 | €10,326 | €9,936 | -€389 | -3.8% |
| Other amounts payable | 47/48 | €7,200 | €1,501 | -€5,699 | -79.2% |
| Remuneration, social security and pensions | 62 | €18,043 | €12,339 | -€5,704 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,282 | €3,730 | +€448 | +13.7% |
| Other operating charges | 640/8 | €2,521 | €1,091 | -€1,430 | -56.7% |
| Gross operating margin | 9900 | €40,976 | €35,867 | -€5,109 | -12.5% |
| Operating profit (loss) | 9901 | €17,131 | €18,706 | +€1,576 | +9.2% |
| Financial charges | 65/66B | €78 | €242 | +€164 | +211% |
| Recurring financial charges | 65 | €78 | €242 | +€164 | +211% |
| Profit (loss) for the period before taxes | 9903 | €17,053 | €18,464 | +€1,411 | +8.3% |
| Income taxes | 67/77 | €438 | €4,268 | +€3,831 | +876% |
| Profit (loss) for the period | 9904 | €16,616 | €14,196 | -€2,420 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,616 | €14,196 | -€2,420 | -14.6% |
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 27 October 2026 via checked.be.