STAR JR: what changed
Two financial 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 JR
Largest movements
- Receivables within one year +€52,355
up €52,355 (+78.9%), from €66,362 to €118,716
of which Other amounts receivable: +€35,946
- Receivables after one year -€47,500
down €47,500 (-100%), from €47,500 to €0
- Cash -€35,701
down €35,701 (-45.6%), from €78,338 to €42,637
mainly Contributions, distributions and other (-€90,000) and Receivables within one year (-€52,355)
- Deferred charges and accrued income -€3,791
down €3,791 (-21.3%), from €17,836 to €14,044
- Reserves -€44,452
down €44,452 (-26.9%), from €165,113 to €120,661
- Tax, wage and social debts +€6,825
up €6,825 (+35.8%), from €19,067 to €25,892
- Gross operating margin +€46,210
up €46,210 (+210%), from €21,992 to €68,202
- Taxes +€9,410
up €9,410 (+176%), from €5,350 to €14,760
- Financial charges +€1,162
up €1,162 (+21.9%), from €5,302 to €6,464
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.
Derived cash bridge
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 | €211,302 | €175,414 | -€35,887 | -17.0% |
| Fixed assets | 21/28 | €1,267 | €17 | -€1,250 | -98.7% |
| Tangible fixed assets | 22/27 | €1,267 | €17 | -€1,250 | -98.7% |
| Plant, machinery and equipment | 23 | €1,267 | €17 | -€1,250 | -98.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €210,035 | €175,397 | -€34,637 | -16.5% |
| Amounts receivable after more than one year | 29 | €47,500 | €0 | -€47,500 | -100% |
| Other amounts receivable | 291 | €47,500 | €0 | -€47,500 | -100% |
| Amounts receivable within one year | 40/41 | €66,362 | €118,716 | +€52,355 | +78.9% |
| Trade receivables | 40 | €54,732 | €71,141 | +€16,409 | +30.0% |
| Other amounts receivable | 41 | €11,629 | €47,575 | +€35,946 | +309% |
| Cash at bank and in hand | 54/58 | €78,338 | €42,637 | -€35,701 | -45.6% |
| Deferred charges and accrued income | 490/1 | €17,836 | €14,044 | -€3,791 | -21.3% |
| Total equity and liabilities | 10/49 | €211,302 | €175,414 | -€35,887 | -17.0% |
| Equity | 10/15 | €183,663 | €139,211 | -€44,452 | -24.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €165,113 | €120,661 | -€44,452 | -26.9% |
| Distributable reserves | 133 | €165,113 | €120,661 | -€44,452 | -26.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,639 | €36,203 | +€8,565 | +31.0% |
| Amounts payable within one year | 42/48 | €26,969 | €35,611 | +€8,641 | +32.0% |
| Trade debts | 44 | €1,991 | €3,131 | +€1,140 | +57.2% |
| Suppliers | 440/4 | €1,991 | €3,131 | +€1,140 | +57.2% |
| Taxes, remuneration and social security | 45 | €19,067 | €25,892 | +€6,825 | +35.8% |
| Taxes | 450/3 | €19,067 | €25,892 | +€6,825 | +35.8% |
| Other amounts payable | 47/48 | €5,911 | €6,587 | +€676 | +11.4% |
| Accrued charges and deferred income | 492/3 | €669 | €593 | -€76 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,433 | €1,250 | -€183 | -12.8% |
| Other operating charges | 640/8 | €1,337 | €1,229 | -€108 | -8.1% |
| Gross operating margin | 9900 | €21,992 | €68,202 | +€46,210 | +210% |
| Operating profit (loss) | 9901 | €19,222 | €65,723 | +€46,501 | +242% |
| Financial income | 75/76B | €1,058 | €1,050 | -€9 | -0.8% |
| Recurring financial income | 75 | €1,058 | €1,050 | -€9 | -0.8% |
| Financial charges | 65/66B | €5,302 | €6,464 | +€1,162 | +21.9% |
| Recurring financial charges | 65 | €5,302 | €6,464 | +€1,162 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €14,979 | €60,308 | +€45,330 | +303% |
| Income taxes | 67/77 | €5,350 | €14,760 | +€9,410 | +176% |
| Profit (loss) for the period | 9904 | €9,628 | €45,548 | +€35,920 | +373% |
| Profit (loss) for the period to be appropriated | 9905 | €9,628 | €45,548 | +€35,920 | +373% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.