STAR COM: 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 COM
Largest movements
- Cash +€24,519
up €24,519 (+513%), from €4,776 to €29,295
mainly Net result for the year (+€25,827) and Depreciation (+€2,755)
- Tangible fixed assets -€2,754
down €2,754 (-100%), from €2,754 to €0
- Receivables within one year +€2,456
up €2,456 (+5.0%), from €49,131 to €51,587
of which Trade receivables: +€4,865
- Profit (loss) carried forward +€25,826
up €25,826 (+51.9%), from €49,783 to €75,609
- Gross operating margin +€9,128
up €9,128 (+44.8%), from €20,360 to €29,488
- Depreciation -€835
down €835 (-23.3%), from €3,590 to €2,755
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 | €59,546 | €83,766 | +€24,220 | +40.7% |
| Fixed assets | 21/28 | €3,134 | €380 | -€2,754 | -87.9% |
| Tangible fixed assets | 22/27 | €2,754 | €0 | -€2,754 | -100% |
| Furniture and vehicles | 24 | €2,754 | €0 | -€2,754 | -100% |
| Financial fixed assets | 28 | €380 | €380 | -€0 | -0.1% |
| Current assets | 29/58 | €56,412 | €83,387 | +€26,975 | +47.8% |
| Stocks and contracts in progress | 3 | €2,505 | €2,505 | = | 0.0% |
| Stocks | 30/36 | €2,505 | €2,505 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,131 | €51,587 | +€2,456 | +5.0% |
| Trade receivables | 40 | €8,153 | €13,018 | +€4,865 | +59.7% |
| Other amounts receivable | 41 | €40,978 | €38,568 | -€2,410 | -5.9% |
| Cash at bank and in hand | 54/58 | €4,776 | €29,295 | +€24,519 | +513% |
| Total equity and liabilities | 10/49 | €59,546 | €83,766 | +€24,220 | +40.7% |
| Equity | 10/15 | €57,842 | €83,668 | +€25,826 | +44.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €49,783 | €75,609 | +€25,826 | +51.9% |
| Amounts payable | 17/49 | €1,704 | €98 | -€1,606 | -94.2% |
| Amounts payable within one year | 42/48 | €1,704 | €98 | -€1,606 | -94.2% |
| Trade debts | 44 | €854 | €40 | -€814 | -95.4% |
| Suppliers | 440/4 | €854 | €40 | -€814 | -95.4% |
| Taxes, remuneration and social security | 45 | €850 | €58 | -€792 | -93.1% |
| Taxes | 450/3 | €850 | €58 | -€792 | -93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,590 | €2,755 | -€835 | -23.3% |
| Other operating charges | 640/8 | €490 | €387 | -€103 | -21.0% |
| Gross operating margin | 9900 | €20,360 | €29,488 | +€9,128 | +44.8% |
| Operating profit (loss) | 9901 | €16,280 | €26,346 | +€10,066 | +61.8% |
| Financial charges | 65/66B | €482 | €315 | -€167 | -34.7% |
| Recurring financial charges | 65 | €482 | €315 | -€167 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €15,798 | €26,031 | +€10,233 | +64.8% |
| Income taxes | 67/77 | €131 | €204 | +€73 | +56.1% |
| Profit (loss) for the period | 9904 | €15,667 | €25,827 | +€10,160 | +64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,667 | €25,827 | +€10,160 | +64.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.