STAR GRAPHIC: 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 GRAPHIC
Largest movements
- Cash +€66,495
up €66,495 (+126.0%), from €52,786 to €119,281
mainly Net result for the year (+€54,877) and Tax, wage and social debts (+€13,000)
- Receivables within one year +€3,479
up €3,479 (+44.3%), from €7,849 to €11,328
of which Trade receivables: +€4,503
- Reserves +€54,877
up €54,877 (+121.4%), from €45,207 to €100,084
- Tax, wage and social debts +€13,000
up €13,000 (+214.3%), from €6,066 to €19,066
of which Taxes: +€8,439
- Other debts -€3,400
down €3,400 (-62.4%), from €5,447 to €2,047
- Trade debts +€3,243
up €3,243 (+1600.7%), from €203 to €3,446
- Accrued charges and deferred income +€1,740
new in 2025: €1,740
- Gross operating margin +€55,505
up €55,505 (+200.4%), from €27,704 to €83,208
- Taxes +€21,168
up €21,168 (+354.2%), from €5,976 to €27,144
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 | €63,322 | €132,783 | +€69,460 | +109.7% |
| Fixed assets | 21/28 | €2,370 | €1,778 | -€592 | -25.0% |
| Tangible fixed assets | 22/27 | €2,345 | €1,753 | -€592 | -25.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,345 | €1,753 | -€592 | -25.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €60,952 | €131,005 | +€70,052 | +114.9% |
| Amounts receivable within one year | 40/41 | €7,849 | €11,328 | +€3,479 | +44.3% |
| Trade receivables | 40 | €6,825 | €11,328 | +€4,503 | +66.0% |
| Other amounts receivable | 41 | €1,024 | - | -€1,024 | |
| Cash at bank and in hand | 54/58 | €52,786 | €119,281 | +€66,495 | +126.0% |
| Deferred charges and accrued income | 490/1 | €317 | €395 | +€79 | +24.8% |
| Total equity and liabilities | 10/49 | €63,322 | €132,783 | +€69,460 | +109.7% |
| Equity | 10/15 | €51,607 | €106,484 | +€54,877 | +106.3% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €45,207 | €100,084 | +€54,877 | +121.4% |
| Distributable reserves | 133 | €45,207 | €100,084 | +€54,877 | +121.4% |
| Amounts payable | 17/49 | €11,715 | €26,298 | +€14,583 | +124.5% |
| Amounts payable within one year | 42/48 | €11,715 | €24,558 | +€12,843 | +109.6% |
| Trade debts | 44 | €203 | €3,446 | +€3,243 | +1600.7% |
| Suppliers | 440/4 | €203 | €3,446 | +€3,243 | +1600.7% |
| Taxes, remuneration and social security | 45 | €6,066 | €19,066 | +€13,000 | +214.3% |
| Taxes | 450/3 | €6,066 | €14,505 | +€8,439 | +139.1% |
| Remuneration and social security | 454/9 | - | €4,561 | +€4,561 | |
| Other amounts payable | 47/48 | €5,447 | €2,047 | -€3,400 | -62.4% |
| Accrued charges and deferred income | 492/3 | - | €1,740 | +€1,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €592 | +€401 | +209.5% |
| Other operating charges | 640/8 | €489 | €527 | +€38 | +7.7% |
| Gross operating margin | 9900 | €27,704 | €83,208 | +€55,505 | +200.4% |
| Operating profit (loss) | 9901 | €27,023 | €82,089 | +€55,066 | +203.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €124 | €68 | -€56 | -45.1% |
| Recurring financial charges | 65 | €124 | €68 | -€56 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €26,900 | €82,021 | +€55,122 | +204.9% |
| Income taxes | 67/77 | €5,976 | €27,144 | +€21,168 | +354.2% |
| Profit (loss) for the period | 9904 | €20,924 | €54,877 | +€33,953 | +162.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,924 | €54,877 | +€33,953 | +162.3% |
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 5 October 2026 via checked.be.