STAR GLASS: what changed
STAR GLASS
Largest movements
- Receivables within one year -€29,850
down €29,850 (-48.2%), from €61,905 to €32,055
of which Trade receivables: -€30,082
- Cash -€6,285
down €6,285 (-75.2%), from €8,357 to €2,071
mainly Trade debts (-€40,172) and Other debts (-€27,973)
- Tangible fixed assets -€5,235
down €5,235 (-27.1%), from €19,298 to €14,063
- Stocks and contracts -€4,257
down €4,257 (-6.0%), from €71,431 to €67,174
- Trade debts -€40,172
down €40,172 (-84.7%), from €47,426 to €7,255
- Other debts -€27,973
down €27,973 (-44.7%), from €62,513 to €34,540
- Tax, wage and social debts +€18,967
up €18,967 (+55.4%), from €34,250 to €53,217
of which Taxes: +€17,234
- Profit (loss) carried forward +€3,550
up €3,550 (+21.1%), from €16,801 to €20,352
- Other operating charges -€448
down €448 (-54.2%), from €826 to €378
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,991 | €115,363 | -€45,628 | -28.3% |
| Fixed assets | 21/28 | €19,298 | €14,063 | -€5,235 | -27.1% |
| Tangible fixed assets | 22/27 | €19,298 | €14,063 | -€5,235 | -27.1% |
| Furniture and vehicles | 24 | €19,298 | €14,063 | -€5,235 | -27.1% |
| Current assets | 29/58 | €141,693 | €101,300 | -€40,393 | -28.5% |
| Stocks and contracts in progress | 3 | €71,431 | €67,174 | -€4,257 | -6.0% |
| Stocks | 30/36 | €71,431 | €67,174 | -€4,257 | -6.0% |
| Amounts receivable within one year | 40/41 | €61,905 | €32,055 | -€29,850 | -48.2% |
| Trade receivables | 40 | €61,170 | €31,088 | -€30,082 | -49.2% |
| Other amounts receivable | 41 | €736 | €967 | +€231 | +31.4% |
| Cash at bank and in hand | 54/58 | €8,357 | €2,071 | -€6,285 | -75.2% |
| Total equity and liabilities | 10/49 | €160,991 | €115,363 | -€45,628 | -28.3% |
| Equity | 10/15 | €16,801 | €20,352 | +€3,550 | +21.1% |
| Profit (loss) carried forward | 14 | €16,801 | €20,352 | +€3,550 | +21.1% |
| Amounts payable | 17/49 | €144,189 | €95,011 | -€49,178 | -34.1% |
| Amounts payable within one year | 42/48 | €144,189 | €95,011 | -€49,178 | -34.1% |
| Trade debts | 44 | €47,426 | €7,255 | -€40,172 | -84.7% |
| Suppliers | 440/4 | €47,426 | €7,255 | -€40,172 | -84.7% |
| Taxes, remuneration and social security | 45 | €34,250 | €53,217 | +€18,967 | +55.4% |
| Taxes | 450/3 | €14,195 | €31,428 | +€17,234 | +121% |
| Remuneration and social security | 454/9 | €20,055 | €21,789 | +€1,734 | +8.6% |
| Other amounts payable | 47/48 | €62,513 | €34,540 | -€27,973 | -44.7% |
| Remuneration, social security and pensions | 62 | €23,437 | €23,206 | -€231 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,234 | €5,235 | +€0 | 0.0% |
| Other operating charges | 640/8 | €826 | €378 | -€448 | -54.2% |
| Gross operating margin | 9900 | €32,737 | €32,423 | -€314 | -1.0% |
| Operating profit (loss) | 9901 | €3,240 | €3,604 | +€365 | +11.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €99 | €54 | -€45 | -45.6% |
| Recurring financial charges | 65 | €99 | €54 | -€45 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €3,140 | €3,550 | +€410 | +13.1% |
| Profit (loss) for the period | 9904 | €3,140 | €3,550 | +€410 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,140 | €3,550 | +€410 | +13.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.