STAR-CONSULTING: 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-CONSULTING
Largest movements
- Cash +€155,030
up €155,030 (+103.3%), from €150,071 to €305,101
mainly Net result for the year (+€269,988) and Other debts (+€51,474)
- Current investments +€94,761
up €94,761 (+18.7%), from €505,600 to €600,361
- Tangible fixed assets +€45,187
up €45,187 (+11.5%), from €393,906 to €439,093
of which Furniture and vehicles: +€54,690
- Reserves +€194,934
up €194,934 (+16.9%), from €1.2m to €1.3m
- Other debts +€51,474
up €51,474 (+51.6%), from €99,772 to €151,246
- Trade debts +€28,676
up €28,676 (+39.1%), from €73,253 to €101,929
- Tax, wage and social debts +€21,017
up €21,017 (+133.9%), from €15,691 to €36,708
- Gross operating margin +€34,666
up €34,666 (+9.0%), from €383,608 to €418,273
- Depreciation +€10,317
up €10,317 (+59.5%), from €17,342 to €27,658
- Financial income -€9,957
down €9,957 (-50.9%), from €19,575 to €9,618
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 | €1,516,587 | €1,798,147 | +€281,559 | +18.6% |
| Fixed assets | 21/28 | €726,588 | €771,775 | +€45,187 | +6.2% |
| Tangible fixed assets | 22/27 | €393,906 | €439,093 | +€45,187 | +11.5% |
| Land and buildings | 22 | €393,092 | €383,589 | -€9,503 | -2.4% |
| Furniture and vehicles | 24 | €814 | €55,504 | +€54,690 | +6717.9% |
| Financial fixed assets | 28 | €332,683 | €332,683 | = | 0.0% |
| Current assets | 29/58 | €789,999 | €1,026,371 | +€236,372 | +29.9% |
| Amounts receivable after more than one year | 29 | €26,240 | €19,680 | -€6,560 | -25.0% |
| Other amounts receivable | 291 | €26,240 | €19,680 | -€6,560 | -25.0% |
| Amounts receivable within one year | 40/41 | €106,773 | €93,740 | -€13,033 | -12.2% |
| Trade receivables | 40 | €86,600 | €86,354 | -€247 | -0.3% |
| Other amounts receivable | 41 | €20,173 | €7,387 | -€12,787 | -63.4% |
| Current investments | 50/53 | €505,600 | €600,361 | +€94,761 | +18.7% |
| Cash at bank and in hand | 54/58 | €150,071 | €305,101 | +€155,030 | +103.3% |
| Deferred charges and accrued income | 490/1 | €1,314 | €7,489 | +€6,174 | +469.8% |
| Total equity and liabilities | 10/49 | €1,516,587 | €1,798,147 | +€281,559 | +18.6% |
| Equity | 10/15 | €1,155,045 | €1,349,979 | +€194,934 | +16.9% |
| Contributions | 10/11 | €186 | €186 | = | 0.0% |
| Reserves | 13 | €1,154,859 | €1,349,793 | +€194,934 | +16.9% |
| Distributable reserves | 133 | €1,154,859 | €1,349,793 | +€194,934 | +16.9% |
| Amounts payable | 17/49 | €361,543 | €448,168 | +€86,625 | +24.0% |
| Amounts payable after more than one year | 17 | €156,433 | €142,433 | -€14,000 | -8.9% |
| Financial debts | 170/4 | €152,833 | €138,833 | -€14,000 | -9.2% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €202,716 | €303,883 | +€101,167 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €73,253 | €101,929 | +€28,676 | +39.1% |
| Suppliers | 440/4 | €73,253 | €101,929 | +€28,676 | +39.1% |
| Taxes, remuneration and social security | 45 | €15,691 | €36,708 | +€21,017 | +133.9% |
| Taxes | 450/3 | €15,691 | €36,708 | +€21,017 | +133.9% |
| Other amounts payable | 47/48 | €99,772 | €151,246 | +€51,474 | +51.6% |
| Accrued charges and deferred income | 492/3 | €2,394 | €1,852 | -€541 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,342 | €27,658 | +€10,317 | +59.5% |
| Other operating charges | 640/8 | €3,261 | €3,363 | +€102 | +3.1% |
| Gross operating margin | 9900 | €383,608 | €418,273 | +€34,666 | +9.0% |
| Operating profit (loss) | 9901 | €363,005 | €387,252 | +€24,247 | +6.7% |
| Financial income | 75/76B | €19,575 | €9,618 | -€9,957 | -50.9% |
| Recurring financial income | 75 | €19,575 | €9,618 | -€9,957 | -50.9% |
| Financial charges | 65/66B | €11,670 | €10,769 | -€902 | -7.7% |
| Recurring financial charges | 65 | €11,670 | €10,769 | -€902 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €370,910 | €386,102 | +€15,192 | +4.1% |
| Income taxes | 67/77 | €113,628 | €116,114 | +€2,486 | +2.2% |
| Profit (loss) for the period | 9904 | €257,282 | €269,988 | +€12,706 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €257,282 | €269,988 | +€12,706 | +4.9% |
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 11 October 2026 via checked.be.