STAR ENERGY: 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 ENERGY
Largest movements
- Receivables within one year +€68,742
up €68,742 (+253%), from €27,187 to €95,929
of which Trade receivables: +€47,570
- Stocks and contracts +€23,299
up €23,299 (+21.7%), from €107,602 to €130,901
- Tangible fixed assets -€14,721
down €14,721 (-19.9%), from €74,056 to €59,336
of which Plant, machinery and equipment: -€11,973
- Cash -€7,082
down €7,082 (-5.1%), from €138,276 to €131,194
mainly Net result for the year (-€361,087) and Receivables within one year (-€68,742)
- Profit (loss) carried forward -€361,087
down €361,087 (-46.3%), from -€780,417 to -€1.1m
- Other debts +€319,907
up €319,907 (+27.6%), from €1.2m to €1.5m
- Trade debts +€119,648
up €119,648 (+206%), from €58,063 to €177,711
- Debts after one year -€10,000
down €10,000 (-35.6%), from €28,065 to €18,065
- Gross operating margin +€67,608
up €67,608 (+90.3%), from -€74,840 to -€7,232
- Staff costs -€23,312
down €23,312 (-8.7%), from €267,228 to €243,916
- Other operating charges +€20,968
up €20,968 (+33.3%), from €62,942 to €83,910
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 | €485,855 | €556,093 | +€70,238 | +14.5% |
| Fixed assets | 21/28 | €212,789 | €198,069 | -€14,721 | -6.9% |
| Tangible fixed assets | 22/27 | €74,056 | €59,336 | -€14,721 | -19.9% |
| Plant, machinery and equipment | 23 | €66,088 | €54,116 | -€11,973 | -18.1% |
| Furniture and vehicles | 24 | €7,968 | €5,220 | -€2,748 | -34.5% |
| Financial fixed assets | 28 | €138,733 | €138,733 | = | 0.0% |
| Current assets | 29/58 | €273,066 | €358,024 | +€84,958 | +31.1% |
| Stocks and contracts in progress | 3 | €107,602 | €130,901 | +€23,299 | +21.7% |
| Stocks | 30/36 | €107,602 | €130,901 | +€23,299 | +21.7% |
| Amounts receivable within one year | 40/41 | €27,187 | €95,929 | +€68,742 | +253% |
| Trade receivables | 40 | €26,059 | €73,629 | +€47,570 | +183% |
| Other amounts receivable | 41 | €1,129 | €22,300 | +€21,172 | +1,876% |
| Cash at bank and in hand | 54/58 | €138,276 | €131,194 | -€7,082 | -5.1% |
| Total equity and liabilities | 10/49 | €485,855 | €556,093 | +€70,238 | +14.5% |
| Equity | 10/15 | -€761,817 | -€1,122,904 | -€361,087 | -47.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€780,417 | -€1,141,504 | -€361,087 | -46.3% |
| Amounts payable | 17/49 | €1,247,672 | €1,678,996 | +€431,325 | +34.6% |
| Amounts payable after more than one year | 17 | €28,065 | €18,065 | -€10,000 | -35.6% |
| Other amounts payable | 178/9 | €28,065 | €18,065 | -€10,000 | -35.6% |
| Amounts payable within one year | 42/48 | €1,219,607 | €1,660,931 | +€441,325 | +36.2% |
| Trade debts | 44 | €58,063 | €177,711 | +€119,648 | +206% |
| Suppliers | 440/4 | €58,063 | €177,711 | +€119,648 | +206% |
| Taxes, remuneration and social security | 45 | €727 | €2,496 | +€1,769 | +243% |
| Taxes | 450/3 | €727 | - | -€727 | |
| Remuneration and social security | 454/9 | - | €2,496 | +€2,496 | |
| Other amounts payable | 47/48 | €1,160,816 | €1,480,724 | +€319,907 | +27.6% |
| Remuneration, social security and pensions | 62 | €267,228 | €243,916 | -€23,312 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,385 | €25,153 | -€232 | -0.9% |
| Other operating charges | 640/8 | €62,942 | €83,910 | +€20,968 | +33.3% |
| Gross operating margin | 9900 | -€74,840 | -€7,232 | +€67,608 | +90.3% |
| Operating profit (loss) | 9901 | -€430,394 | -€360,210 | +€70,184 | +16.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,183 | €760 | -€423 | -35.7% |
| Recurring financial charges | 65 | €1,183 | €760 | -€423 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | -€431,577 | -€360,971 | +€70,606 | +16.4% |
| Income taxes | 67/77 | €110 | €116 | +€6 | +5.3% |
| Profit (loss) for the period | 9904 | -€431,687 | -€361,087 | +€70,600 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€431,687 | -€361,087 | +€70,600 | +16.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.