STAR GROUP: 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 GROUP
Largest movements
- Financial fixed assets -€2.0m
down €2.0m (-22.3%), from €8.9m to €6.9m
- Receivables within one year +€1.8m
new in 2024: €1.8m
- Current investments +€200,100
new in 2024: €200,100
- Cash -€153,839
down €153,839 (-60.1%), from €255,861 to €102,022
mainly Receivables within one year (-€1.8m) and Debts after one year (-€996,707)
- Debts after one year -€996,707
down €996,707 (-20.1%), from €4.9m to €4.0m
- Reserves +€975,000
up €975,000 (+69.3%), from €1.4m to €2.4m
of which Distributable reserves: +€975,000
- Financial income +€1.5m
up €1.5m (+6878.8%), from €21,160 to €1.5m
- Financial charges +€320,111
up €320,111 (+60458.7%), from €529 to €320,640
of which Non-recurring financial charges: +€320,265
- Gross operating margin -€13,403
down €13,403, from €4,738 to -€8,666
- Other operating charges -€960
no longer reported in 2024 (was €960)
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.
Cash bridge derived
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 | €14,413,253 | €14,306,381 | -€106,872 | -0.7% |
| Fixed assets | 21/28 | €8,895,237 | €6,913,299 | -€2.0m | -22.3% |
| Financial fixed assets | 28 | €8,895,237 | €6,913,299 | -€2.0m | -22.3% |
| Current assets | 29/58 | €5,518,016 | €7,393,082 | +€1.9m | +34.0% |
| Amounts receivable after more than one year | 29 | €5,226,156 | €5,212,076 | -€14,079 | -0.3% |
| Trade receivables | 290 | €150,000 | - | -€150,000 | |
| Other amounts receivable | 291 | €5,076,156 | €5,212,076 | +€135,921 | +2.7% |
| Amounts receivable within one year | 40/41 | - | €1,842,884 | +€1.8m | |
| Other amounts receivable | 41 | - | €1,842,884 | +€1.8m | |
| Current investments | 50/53 | - | €200,100 | +€200,100 | |
| Cash at bank and in hand | 54/58 | €255,861 | €102,022 | -€153,839 | -60.1% |
| Deferred charges and accrued income | 490/1 | €36,000 | €36,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €14,413,253 | €14,306,381 | -€106,872 | -0.7% |
| Equity | 10/15 | €9,326,046 | €10,271,808 | +€945,762 | +10.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,827,749 | €7,827,749 | = | 0.0% |
| Reserves | 13 | €1,406,200 | €2,381,200 | +€975,000 | +69.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,400,000 | €2,375,000 | +€975,000 | +69.6% |
| Profit (loss) carried forward | 14 | €30,097 | €859 | -€29,238 | -97.1% |
| Amounts payable | 17/49 | €5,087,207 | €4,034,573 | -€1.1m | -20.7% |
| Amounts payable after more than one year | 17 | €4,947,207 | €3,950,500 | -€996,707 | -20.1% |
| Other amounts payable | 178/9 | €4,947,207 | €3,950,500 | -€996,707 | -20.1% |
| Amounts payable within one year | 42/48 | €140,000 | €84,073 | -€55,927 | -39.9% |
| Other amounts payable | 47/48 | €140,000 | €84,073 | -€55,927 | -39.9% |
| Other operating charges | 640/8 | €960 | - | -€960 | |
| Non-recurring operating charges | 66A | - | €201,642 | +€201,642 | |
| Gross operating margin | 9900 | €4,738 | -€8,666 | -€13,403 | |
| Operating profit (loss) | 9901 | €3,777 | -€210,308 | -€214,085 | |
| Financial income | 75/76B | €21,160 | €1,476,710 | +€1.5m | +6878.8% |
| Recurring financial income | 75 | €21,160 | €1,476,710 | +€1.5m | +6878.8% |
| Financial charges | 65/66B | €529 | €320,640 | +€320,111 | +60458.7% |
| Recurring financial charges | 65 | €529 | €375 | -€155 | -29.2% |
| Non-recurring financial charges | 66B | - | €320,265 | +€320,265 | |
| Profit (loss) for the period before taxes | 9903 | €24,408 | €945,762 | +€921,354 | +3774.8% |
| Profit (loss) for the period | 9904 | €24,408 | €945,762 | +€921,354 | +3774.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,408 | €945,762 | +€921,354 | +3774.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.