STAR IMMO: 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 IMMO
Largest movements
- Stocks and contracts -€1.0m
down €1.0m (-72.3%), from €1.4m to €400,769
of which Stocks: -€1.0m
- Receivables within one year -€956,550
down €956,550 (-51.3%), from €1.9m to €908,850
of which Trade receivables: -€956,550
- Cash +€106,182
up €106,182 (+5519.9%), from €1,924 to €108,105
mainly Stocks and contracts (+€1.0m) and Receivables within one year (+€956,550)
- Short-term financial debts -€2.1m
down €2.1m (-100.0%), from €2.1m to €0
- Accrued charges and deferred income +€815,840
up €815,840 (+3545.2%), from €23,012 to €838,852
- Other debts -€408,604
down €408,604 (-81.6%), from €500,795 to €92,191
- Tax, wage and social debts -€180,112
down €180,112 (-100.0%), from €180,112 to €0
- Profit (loss) carried forward -€49,702
down €49,702 (-10.1%), from €494,509 to €444,807
- Gross operating margin -€841,045
down €841,045, from €833,083 to -€7,962
- Taxes -€180,094
down €180,094 (-100.0%), from €180,094 to €0
- Financial charges -€88,593
down €88,593 (-70.9%), from €125,037 to €36,444
- Other operating charges -€28,147
down €28,147 (-84.2%), from €33,443 to €5,296
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 | €3,316,882 | €1,417,977 | -€1.9m | -57.2% |
| Current assets | 29/58 | €3,316,882 | €1,417,977 | -€1.9m | -57.2% |
| Stocks and contracts in progress | 3 | €1,445,559 | €400,769 | -€1.0m | -72.3% |
| Stocks | 30/36 | €1,445,559 | €400,769 | -€1.0m | -72.3% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,865,400 | €908,850 | -€956,550 | -51.3% |
| Trade receivables | 40 | €1,865,400 | €908,850 | -€956,550 | -51.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,924 | €108,105 | +€106,182 | +5519.9% |
| Deferred charges and accrued income | 490/1 | €4,000 | €253 | -€3,747 | -93.7% |
| Total equity and liabilities | 10/49 | €3,316,882 | €1,417,977 | -€1.9m | -57.2% |
| Equity | 10/15 | €531,124 | €481,422 | -€49,702 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,015 | €18,015 | = | 0.0% |
| Distributable reserves | 133 | €18,015 | €18,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €494,509 | €444,807 | -€49,702 | -10.1% |
| Amounts payable | 17/49 | €2,785,758 | €936,555 | -€1.8m | -66.4% |
| Amounts payable within one year | 42/48 | €2,762,746 | €97,703 | -€2.7m | -96.5% |
| Financial debts | 43 | €2,059,000 | €0 | -€2.1m | -100.0% |
| Credit institutions | 430/8 | €2,059,000 | €0 | -€2.1m | -100.0% |
| Trade debts | 44 | €22,839 | €5,512 | -€17,326 | -75.9% |
| Suppliers | 440/4 | €22,839 | €5,512 | -€17,326 | -75.9% |
| Taxes, remuneration and social security | 45 | €180,112 | €0 | -€180,112 | -100.0% |
| Taxes | 450/3 | €180,112 | €0 | -€180,112 | -100.0% |
| Other amounts payable | 47/48 | €500,795 | €92,191 | -€408,604 | -81.6% |
| Accrued charges and deferred income | 492/3 | €23,012 | €838,852 | +€815,840 | +3545.2% |
| Other operating charges | 640/8 | €33,443 | €5,296 | -€28,147 | -84.2% |
| Gross operating margin | 9900 | €833,083 | -€7,962 | -€841,045 | |
| Operating profit (loss) | 9901 | €799,640 | -€13,258 | -€812,898 | |
| Financial charges | 65/66B | €125,037 | €36,444 | -€88,593 | -70.9% |
| Recurring financial charges | 65 | €125,037 | €36,444 | -€88,593 | -70.9% |
| Profit (loss) for the period before taxes | 9903 | €674,603 | -€49,702 | -€724,306 | |
| Income taxes | 67/77 | €180,094 | €0 | -€180,094 | -100.0% |
| Profit (loss) for the period | 9904 | €494,509 | -€49,702 | -€544,212 | |
| Profit (loss) for the period to be appropriated | 9905 | €494,509 | -€49,702 | -€544,212 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.