STAR DIVANI: 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 DIVANI
Largest movements
- Receivables within one year -€44,876
down €44,876 (-32.8%), from €136,957 to €92,081
- Cash +€34,322
up €34,322 (+29.7%), from €115,691 to €150,012
mainly Receivables within one year (+€44,876) and Net result for the year (+€22,141)
- Stocks and contracts +€31,720
up €31,720 (+87.8%), from €36,124 to €67,844
- Receivables after one year -€7,933
no longer reported in 2025 (was €7,933)
- Profit (loss) carried forward +€22,141
up €22,141 (+23.0%), from €96,186 to €118,327
- Accrued charges and deferred income -€16,070
down €16,070 (-77.7%), from €20,669 to €4,599
- Trade debts +€15,560
up €15,560 (+12.0%), from €129,667 to €145,227
- Tax, wage and social debts -€8,980
down €8,980 (-30.5%), from €29,476 to €20,497
of which Taxes: -€10,455
- Gross operating margin -€15,556
down €15,556 (-31.0%), from €50,139 to €34,584
- Taxes -€4,577
down €4,577 (-33.6%), from €13,610 to €9,033
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 | €297,155 | €309,937 | +€12,783 | +4.3% |
| Fixed assets | 21/28 | €450 | - | -€450 | |
| Financial fixed assets | 28 | €450 | - | -€450 | |
| Current assets | 29/58 | €296,705 | €309,937 | +€13,233 | +4.5% |
| Amounts receivable after more than one year | 29 | €7,933 | - | -€7,933 | |
| Other amounts receivable | 291 | €7,933 | - | -€7,933 | |
| Stocks and contracts in progress | 3 | €36,124 | €67,844 | +€31,720 | +87.8% |
| Stocks | 30/36 | €36,124 | €67,844 | +€31,720 | +87.8% |
| Amounts receivable within one year | 40/41 | €136,957 | €92,081 | -€44,876 | -32.8% |
| Trade receivables | 40 | €136,957 | €92,081 | -€44,876 | -32.8% |
| Cash at bank and in hand | 54/58 | €115,691 | €150,012 | +€34,322 | +29.7% |
| Total equity and liabilities | 10/49 | €297,155 | €309,937 | +€12,783 | +4.3% |
| Equity | 10/15 | €110,446 | €132,587 | +€22,141 | +20.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €96,186 | €118,327 | +€22,141 | +23.0% |
| Amounts payable | 17/49 | €186,709 | €177,351 | -€9,358 | -5.0% |
| Amounts payable within one year | 42/48 | €166,040 | €172,752 | +€6,711 | +4.0% |
| Trade debts | 44 | €129,667 | €145,227 | +€15,560 | +12.0% |
| Suppliers | 440/4 | €129,667 | €145,227 | +€15,560 | +12.0% |
| Taxes, remuneration and social security | 45 | €29,476 | €20,497 | -€8,980 | -30.5% |
| Taxes | 450/3 | €29,476 | €19,022 | -€10,455 | -35.5% |
| Remuneration and social security | 454/9 | €0 | €1,475 | +€1,475 | |
| Other amounts payable | 47/48 | €6,897 | €7,028 | +€131 | +1.9% |
| Accrued charges and deferred income | 492/3 | €20,669 | €4,599 | -€16,070 | -77.7% |
| Other operating charges | 640/8 | €692 | €705 | +€12 | +1.8% |
| Non-recurring operating charges | 66A | €52 | - | -€52 | |
| Gross operating margin | 9900 | €50,139 | €34,584 | -€15,556 | -31.0% |
| Operating profit (loss) | 9901 | €49,395 | €33,879 | -€15,516 | -31.4% |
| Financial income | 75/76B | €176 | €164 | -€12 | -6.9% |
| Recurring financial income | 75 | €176 | €164 | -€12 | -6.9% |
| Financial charges | 65/66B | €2,388 | €2,870 | +€481 | +20.2% |
| Recurring financial charges | 65 | €2,388 | €2,870 | +€481 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €47,183 | €31,173 | -€16,010 | -33.9% |
| Income taxes | 67/77 | €13,610 | €9,033 | -€4,577 | -33.6% |
| Profit (loss) for the period | 9904 | €33,573 | €22,141 | -€11,433 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,573 | €22,141 | -€11,433 | -34.1% |
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 19 October 2026 via checked.be.