STAR IMPORT-EXPORT: 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 IMPORT-EXPORT
Largest movements
- Stocks and contracts -€43,849
down €43,849 (-10.2%), from €431,183 to €387,334
- Receivables within one year +€39,641
up €39,641 (+36.0%), from €110,183 to €149,824
of which Trade receivables: +€36,806
- Tangible fixed assets -€33,266
down €33,266 (-47.9%), from €69,422 to €36,157
of which Furniture and vehicles: -€37,380
- Profit (loss) carried forward +€46,113
up €46,113 (+29.2%), from €158,098 to €204,212
- Debts after one year -€37,317
down €37,317 (-39.5%), from €94,412 to €57,095
- Trade debts -€22,223
down €22,223 (-41.8%), from €53,111 to €30,888
- Other debts -€8,163
down €8,163 (-6.3%), from €130,539 to €122,376
- Short-term financial debts -€8,104
down €8,104 (-82.1%), from €9,874 to €1,769
- Gross operating margin -€46,018
down €46,018 (-27.0%), from €170,589 to €124,571
- Write-downs -€8,797
down €8,797 (-38.1%), from €23,087 to €14,290
- Taxes -€8,397
down €8,397 (-34.8%), from €24,160 to €15,763
- Financial charges -€2,796
down €2,796 (-24.6%), from €11,372 to €8,576
- Depreciation +€2,133
up €2,133 (+5.6%), from €38,138 to €40,271
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 | €730,726 | €695,766 | -€34,960 | -4.8% |
| Fixed assets | 21/28 | €71,541 | €37,433 | -€34,108 | -47.7% |
| Intangible fixed assets | 21 | €2,118 | €1,276 | -€842 | -39.7% |
| Tangible fixed assets | 22/27 | €69,422 | €36,157 | -€33,266 | -47.9% |
| Land and buildings | 22 | - | €6,031 | +€6,031 | |
| Plant, machinery and equipment | 23 | €9,060 | €7,143 | -€1,917 | -21.2% |
| Furniture and vehicles | 24 | €60,363 | €22,982 | -€37,380 | -61.9% |
| Current assets | 29/58 | €659,185 | €658,332 | -€852 | -0.1% |
| Stocks and contracts in progress | 3 | €431,183 | €387,334 | -€43,849 | -10.2% |
| Stocks | 30/36 | €431,183 | €387,334 | -€43,849 | -10.2% |
| Amounts receivable within one year | 40/41 | €110,183 | €149,824 | +€39,641 | +36.0% |
| Trade receivables | 40 | €79,000 | €115,806 | +€36,806 | +46.6% |
| Other amounts receivable | 41 | €31,183 | €34,018 | +€2,835 | +9.1% |
| Cash at bank and in hand | 54/58 | €117,519 | €120,775 | +€3,255 | +2.8% |
| Deferred charges and accrued income | 490/1 | €299 | €399 | +€100 | +33.5% |
| Total equity and liabilities | 10/49 | €730,726 | €695,766 | -€34,960 | -4.8% |
| Equity | 10/15 | €377,859 | €423,972 | +€46,113 | +12.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €19,761 | €19,761 | = | 0.0% |
| Distributable reserves | 133 | €19,761 | €19,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,098 | €204,212 | +€46,113 | +29.2% |
| Amounts payable | 17/49 | €352,867 | €271,793 | -€81,073 | -23.0% |
| Amounts payable after more than one year | 17 | €94,412 | €57,095 | -€37,317 | -39.5% |
| Financial debts | 170/4 | €94,412 | €57,095 | -€37,317 | -39.5% |
| Amounts payable within one year | 42/48 | €256,687 | €214,389 | -€42,299 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €39,813 | €37,317 | -€2,497 | -6.3% |
| Financial debts | 43 | €9,874 | €1,769 | -€8,104 | -82.1% |
| Credit institutions | 430/8 | €9,874 | €1,769 | -€8,104 | -82.1% |
| Trade debts | 44 | €53,111 | €30,888 | -€22,223 | -41.8% |
| Suppliers | 440/4 | €53,111 | €30,888 | -€22,223 | -41.8% |
| Advances received on contracts in progress | 46 | - | €1,650 | +€1,650 | |
| Taxes, remuneration and social security | 45 | €23,350 | €20,389 | -€2,962 | -12.7% |
| Taxes | 450/3 | €23,350 | €20,389 | -€2,962 | -12.7% |
| Other amounts payable | 47/48 | €130,539 | €122,376 | -€8,163 | -6.3% |
| Accrued charges and deferred income | 492/3 | €1,767 | €309 | -€1,458 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,138 | €40,271 | +€2,133 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,087 | €14,290 | -€8,797 | -38.1% |
| Other operating charges | 640/8 | €859 | €776 | -€83 | -9.6% |
| Non-recurring operating charges | 66A | €1,355 | - | -€1,355 | |
| Gross operating margin | 9900 | €170,589 | €124,571 | -€46,018 | -27.0% |
| Operating profit (loss) | 9901 | €107,150 | €69,234 | -€37,916 | -35.4% |
| Financial income | 75/76B | €132 | €1,219 | +€1,087 | +825.3% |
| Recurring financial income | 75 | €132 | €1,219 | +€1,087 | +825.3% |
| Financial charges | 65/66B | €11,372 | €8,576 | -€2,796 | -24.6% |
| Recurring financial charges | 65 | €11,372 | €8,576 | -€2,796 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €95,910 | €61,877 | -€34,034 | -35.5% |
| Income taxes | 67/77 | €24,160 | €15,763 | -€8,397 | -34.8% |
| Profit (loss) for the period | 9904 | €71,750 | €46,113 | -€25,636 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €71,750 | €46,113 | -€25,636 | -35.7% |
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 8 October 2026 via checked.be.