STAR CAR: what changed
Two fiscal 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 CAR
Largest movements
- Current investments -€402,651
down €402,651 (-40.3%), from €1.0m to €597,349
- Receivables after one year +€198,865
up €198,865 (+39.9%), from €498,164 to €697,030
- Cash +€48,885
up €48,885 (+199.9%), from €24,451 to €73,336
mainly Current investments (+€402,651) and Net result for the year (+€15,435)
- Reserves -€165,995
down €165,995 (-10.0%), from €1.7m to €1.5m
of which Distributable reserves: -€165,995
- Financial income -€7,944
down €7,944 (-16.7%), from €47,638 to €39,695
- Other operating charges -€4,299
down €4,299 (-64.7%), from €6,648 to €2,349
- Gross operating margin -€1,661
down €1,661 (-10.1%), from -€16,472 to -€18,133
- Financial charges +€1,619
up €1,619 (+973.7%), from €166 to €1,786
- Taxes -€339
down €339 (-18.0%), from €1,882 to €1,544
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.
Cash bridge derived
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 | €1,730,148 | €1,563,682 | -€166,466 | -9.6% |
| Fixed assets | 21/28 | €449 | - | -€449 | |
| Tangible fixed assets | 22/27 | €449 | - | -€449 | |
| Furniture and vehicles | 24 | €449 | - | -€449 | |
| Current assets | 29/58 | €1,729,700 | €1,563,682 | -€166,018 | -9.6% |
| Amounts receivable after more than one year | 29 | €498,164 | €697,030 | +€198,865 | +39.9% |
| Other amounts receivable | 291 | €498,164 | €697,030 | +€198,865 | +39.9% |
| Amounts receivable within one year | 40/41 | €206,509 | €194,475 | -€12,033 | -5.8% |
| Trade receivables | 40 | - | €460 | +€460 | |
| Other amounts receivable | 41 | €206,509 | €194,015 | -€12,493 | -6.0% |
| Current investments | 50/53 | €1,000,000 | €597,349 | -€402,651 | -40.3% |
| Cash at bank and in hand | 54/58 | €24,451 | €73,336 | +€48,885 | +199.9% |
| Deferred charges and accrued income | 490/1 | €575 | €1,492 | +€916 | +159.3% |
| Total equity and liabilities | 10/49 | €1,730,148 | €1,563,682 | -€166,466 | -9.6% |
| Equity | 10/15 | €1,728,134 | €1,562,138 | -€165,995 | -9.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,666,134 | €1,500,138 | -€165,995 | -10.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,659,934 | €1,493,938 | -€165,995 | -10.0% |
| Amounts payable | 17/49 | €2,015 | €1,544 | -€471 | -23.4% |
| Amounts payable within one year | 42/48 | €2,015 | €1,544 | -€471 | -23.4% |
| Trade debts | 44 | €133 | - | -€133 | |
| Suppliers | 440/4 | €133 | - | -€133 | |
| Taxes, remuneration and social security | 45 | €1,882 | €1,544 | -€339 | -18.0% |
| Taxes | 450/3 | €1,882 | €1,544 | -€339 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €449 | -€184 | -29.0% |
| Other operating charges | 640/8 | €6,648 | €2,349 | -€4,299 | -64.7% |
| Non-recurring operating charges | 66A | €3,017 | - | -€3,017 | |
| Gross operating margin | 9900 | -€16,472 | -€18,133 | -€1,661 | -10.1% |
| Operating profit (loss) | 9901 | -€26,770 | -€20,931 | +€5,839 | +21.8% |
| Financial income | 75/76B | €47,638 | €39,695 | -€7,944 | -16.7% |
| Recurring financial income | 75 | €47,638 | €39,695 | -€7,944 | -16.7% |
| Financial charges | 65/66B | €166 | €1,786 | +€1,619 | +973.7% |
| Recurring financial charges | 65 | €166 | €1,786 | +€1,619 | +973.7% |
| Profit (loss) for the period before taxes | 9903 | €20,702 | €16,979 | -€3,724 | -18.0% |
| Income taxes | 67/77 | €1,882 | €1,544 | -€339 | -18.0% |
| Profit (loss) for the period | 9904 | €18,820 | €15,435 | -€3,385 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,820 | €15,435 | -€3,385 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.