STAR FLEX: what changed
Two fiscal 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 FLEX
Largest movements
- Tangible fixed assets -€12,000
down €12,000 (-47.5%), from €25,249 to €13,249
- Receivables within one year +€4,213
new in 2025: €4,213
of which Other amounts receivable: +€2,975
- Cash +€2,009
up €2,009 (+38.4%), from €5,227 to €7,236
mainly Depreciation (+€12,000) and Tax, wage and social debts (+€9,321)
- Profit (loss) carried forward -€21,205
down €21,205 (-125.0%), from -€16,968 to -€38,173
- Tax, wage and social debts +€9,321
up €9,321 (+104.0%), from €8,961 to €18,282
of which Remuneration and social security: +€9,621
- Trade debts +€5,606
up €5,606 (+143.4%), from €3,909 to €9,516
- Other debts +€500
up €500 (+1.7%), from €29,574 to €30,074
- Staff costs +€17,539
up €17,539 (+71.7%), from €24,471 to €42,010
- Gross operating margin +€11,061
up €11,061 (+48.4%), from €22,846 to €33,907
- Other operating charges -€2,100
down €2,100 (-84.0%), from €2,500 to €400
- Depreciation +€1,249
up €1,249 (+11.6%), from €10,751 to €12,000
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 | €30,476 | €24,698 | -€5,778 | -19.0% |
| Fixed assets | 21/28 | €25,249 | €13,249 | -€12,000 | -47.5% |
| Tangible fixed assets | 22/27 | €25,249 | €13,249 | -€12,000 | -47.5% |
| Furniture and vehicles | 24 | €25,249 | €13,249 | -€12,000 | -47.5% |
| Current assets | 29/58 | €5,227 | €11,449 | +€6,222 | +119.0% |
| Amounts receivable within one year | 40/41 | - | €4,213 | +€4,213 | |
| Trade receivables | 40 | - | €1,238 | +€1,238 | |
| Other amounts receivable | 41 | - | €2,975 | +€2,975 | |
| Cash at bank and in hand | 54/58 | €5,227 | €7,236 | +€2,009 | +38.4% |
| Total equity and liabilities | 10/49 | €30,476 | €24,698 | -€5,778 | -19.0% |
| Equity | 10/15 | -€11,968 | -€33,173 | -€21,205 | -177.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,968 | -€38,173 | -€21,205 | -125.0% |
| Amounts payable | 17/49 | €42,444 | €57,871 | +€15,427 | +36.3% |
| Amounts payable within one year | 42/48 | €42,444 | €57,871 | +€15,427 | +36.3% |
| Trade debts | 44 | €3,909 | €9,516 | +€5,606 | +143.4% |
| Suppliers | 440/4 | €3,909 | €9,516 | +€5,606 | +143.4% |
| Taxes, remuneration and social security | 45 | €8,961 | €18,282 | +€9,321 | +104.0% |
| Taxes | 450/3 | €710 | €409 | -€301 | -42.4% |
| Remuneration and social security | 454/9 | €8,251 | €17,872 | +€9,621 | +116.6% |
| Other amounts payable | 47/48 | €29,574 | €30,074 | +€500 | +1.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €55,237 | €55,291 | +€55 | +0.1% |
| Remuneration, social security and pensions | 62 | €24,471 | €42,010 | +€17,539 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,751 | €12,000 | +€1,249 | +11.6% |
| Other operating charges | 640/8 | €2,500 | €400 | -€2,100 | -84.0% |
| Non-recurring operating charges | 66A | €142 | €541 | +€399 | +280.7% |
| Gross operating margin | 9900 | €22,846 | €33,907 | +€11,061 | +48.4% |
| Operating profit (loss) | 9901 | -€15,018 | -€21,044 | -€6,026 | -40.1% |
| Financial charges | 65/66B | €265 | €161 | -€104 | -39.2% |
| Recurring financial charges | 65 | €265 | €161 | -€104 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,283 | -€21,205 | -€5,922 | -38.8% |
| Profit (loss) for the period | 9904 | -€15,283 | -€21,205 | -€5,922 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,283 | -€21,205 | -€5,922 | -38.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.