Star Cooperation: 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 Cooperation
Largest movements
- Tangible fixed assets +€7,343
up €7,343 (+111%), from €6,643 to €13,986
of which Plant, machinery and equipment: +€9,559
- Cash -€1,451
down €1,451 (-7.2%), from €20,032 to €18,581
mainly Investment in fixed assets (net) (-€10,550) and Other debts (-€6,681)
- Receivables within one year +€1,239
up €1,239 (+40.8%), from €3,036 to €4,274
- Trade debts +€8,631
up €8,631 (+182%), from €4,754 to €13,385
- Other debts -€6,681
down €6,681 (-35.6%), from €18,759 to €12,078
- Reserves +€2,490
up €2,490 (+37.2%), from €6,693 to €9,184
- Tax, wage and social debts +€1,539
up €1,539 (+48.3%), from €3,187 to €4,726
- Accrued charges and deferred income +€1,363
new in 2025: €1,363
- Gross operating margin -€13,895
down €13,895 (-48.4%), from €28,718 to €14,823
- Staff costs -€13,715
down €13,715 (-98.3%), from €13,946 to €231
- Other operating charges -€2,273
down €2,273 (-37.4%), from €6,083 to €3,810
- Financial charges +€2,098
up €2,098 (+147%), from €1,427 to €3,525
- Depreciation +€878
up €878 (+37.7%), from €2,329 to €3,207
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 | €33,543 | €40,885 | +€7,342 | +21.9% |
| Fixed assets | 21/28 | €9,143 | €16,486 | +€7,343 | +80.3% |
| Tangible fixed assets | 22/27 | €6,643 | €13,986 | +€7,343 | +111% |
| Plant, machinery and equipment | 23 | €356 | €9,915 | +€9,559 | +2,685% |
| Furniture and vehicles | 24 | €890 | €24 | -€867 | -97.3% |
| Other tangible fixed assets | 26 | €5,396 | €4,046 | -€1,350 | -25.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €24,400 | €24,400 | -€1 | 0.0% |
| Stocks and contracts in progress | 3 | €1,333 | €1,544 | +€211 | +15.9% |
| Stocks | 30/36 | €1,333 | €1,544 | +€211 | +15.9% |
| Amounts receivable within one year | 40/41 | €3,036 | €4,274 | +€1,239 | +40.8% |
| Other amounts receivable | 41 | €3,036 | €4,274 | +€1,239 | +40.8% |
| Cash at bank and in hand | 54/58 | €20,032 | €18,581 | -€1,451 | -7.2% |
| Total equity and liabilities | 10/49 | €33,543 | €40,885 | +€7,342 | +21.9% |
| Equity | 10/15 | €6,843 | €9,334 | +€2,490 | +36.4% |
| Contributions | 10/11 | €150 | €150 | = | 0.0% |
| Reserves | 13 | €6,693 | €9,184 | +€2,490 | +37.2% |
| Distributable reserves | 133 | €6,693 | €9,184 | +€2,490 | +37.2% |
| Amounts payable | 17/49 | €26,700 | €31,552 | +€4,852 | +18.2% |
| Amounts payable within one year | 42/48 | €26,700 | €30,189 | +€3,489 | +13.1% |
| Trade debts | 44 | €4,754 | €13,385 | +€8,631 | +182% |
| Suppliers | 440/4 | €4,754 | €13,385 | +€8,631 | +182% |
| Taxes, remuneration and social security | 45 | €3,187 | €4,726 | +€1,539 | +48.3% |
| Taxes | 450/3 | €3,187 | €4,726 | +€1,539 | +48.3% |
| Other amounts payable | 47/48 | €18,759 | €12,078 | -€6,681 | -35.6% |
| Accrued charges and deferred income | 492/3 | - | €1,363 | +€1,363 | |
| Remuneration, social security and pensions | 62 | €13,946 | €231 | -€13,715 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,329 | €3,207 | +€878 | +37.7% |
| Other operating charges | 640/8 | €6,083 | €3,810 | -€2,273 | -37.4% |
| Gross operating margin | 9900 | €28,718 | €14,823 | -€13,895 | -48.4% |
| Operating profit (loss) | 9901 | €6,360 | €7,574 | +€1,214 | +19.1% |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €1,427 | €3,525 | +€2,098 | +147% |
| Recurring financial charges | 65 | €1,427 | €3,525 | +€2,098 | +147% |
| Profit (loss) for the period before taxes | 9903 | €4,962 | €4,049 | -€914 | -18.4% |
| Income taxes | 67/77 | €1,763 | €1,559 | -€205 | -11.6% |
| Profit (loss) for the period | 9904 | €3,199 | €2,490 | -€709 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,199 | €2,490 | -€709 | -22.2% |
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 24 October 2026 via checked.be.