STAR FREIGHT: 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 FREIGHT
Largest movements
- Deferred charges and accrued income +€20,237
up €20,237 (+88.8%), from €22,800 to €43,038
- Cash +€10,295
up €10,295 (+80.2%), from €12,844 to €23,139
mainly Net result for the year (+€68,334) and Accrued charges and deferred income (+€14,455)
- Receivables within one year -€8,873
down €8,873 (-1.3%), from €685,673 to €676,799
of which Trade receivables: -€156,936
- Profit (loss) carried forward +€68,334
up €68,334 (+58.8%), from -€116,297 to -€47,963
- Trade debts -€52,637
down €52,637 (-19.5%), from €269,804 to €217,167
- Accrued charges and deferred income +€14,455
up €14,455 (+75.8%), from €19,066 to €33,521
- Tax, wage and social debts -€8,493
down €8,493 (-13.1%), from €65,061 to €56,568
- Gross operating margin +€174,345
up €174,345, from -€81,296 to €93,049
- Other operating charges -€3,182
down €3,182 (-14.2%), from €22,405 to €19,223
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €721,316 | €742,976 | +€21,659 | +3.0% |
| Current assets | 29/58 | €721,316 | €742,976 | +€21,659 | +3.0% |
| Amounts receivable within one year | 40/41 | €685,673 | €676,799 | -€8,873 | -1.3% |
| Trade receivables | 40 | €460,037 | €303,102 | -€156,936 | -34.1% |
| Other amounts receivable | 41 | €225,635 | €373,697 | +€148,062 | +65.6% |
| Cash at bank and in hand | 54/58 | €12,844 | €23,139 | +€10,295 | +80.2% |
| Deferred charges and accrued income | 490/1 | €22,800 | €43,038 | +€20,237 | +88.8% |
| Total equity and liabilities | 10/49 | €721,316 | €742,976 | +€21,659 | +3.0% |
| Equity | 10/15 | €287,313 | €355,647 | +€68,334 | +23.8% |
| Contributions | 10/11 | €372,000 | €372,000 | = | 0.0% |
| Capital | 10 | €372,000 | €372,000 | = | 0.0% |
| Issued capital | 100 | €372,000 | €372,000 | = | 0.0% |
| Reserves | 13 | €31,610 | €31,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,610 | €31,610 | = | 0.0% |
| Legal reserve | 130 | €31,610 | €31,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,297 | -€47,963 | +€68,334 | +58.8% |
| Amounts payable | 17/49 | €434,003 | €387,329 | -€46,675 | -10.8% |
| Amounts payable within one year | 42/48 | €414,937 | €353,807 | -€61,130 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Trade debts | 44 | €269,804 | €217,167 | -€52,637 | -19.5% |
| Suppliers | 440/4 | €269,804 | €217,167 | -€52,637 | -19.5% |
| Taxes, remuneration and social security | 45 | €65,061 | €56,568 | -€8,493 | -13.1% |
| Taxes | 450/3 | €65,061 | €56,568 | -€8,493 | -13.1% |
| Other amounts payable | 47/48 | €72 | €72 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19,066 | €33,521 | +€14,455 | +75.8% |
| Other operating charges | 640/8 | €22,405 | €19,223 | -€3,182 | -14.2% |
| Gross operating margin | 9900 | -€81,296 | €93,049 | +€174,345 | |
| Operating profit (loss) | 9901 | -€103,701 | €73,826 | +€177,527 | |
| Financial income | 75/76B | €1,681 | €1,283 | -€398 | -23.7% |
| Recurring financial income | 75 | €1,681 | €1,283 | -€398 | -23.7% |
| Financial charges | 65/66B | €7,665 | €6,775 | -€890 | -11.6% |
| Recurring financial charges | 65 | €7,665 | €6,775 | -€890 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€109,685 | €68,334 | +€178,019 | |
| Income taxes | 67/77 | €240 | - | -€240 | |
| Profit (loss) for the period | 9904 | -€109,925 | €68,334 | +€178,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€109,925 | €68,334 | +€178,259 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.