STAR LAUNDRY: 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 LAUNDRY
Largest movements
- Receivables within one year +€29,597
up €29,597 (+15.1%), from €196,161 to €225,758
of which Trade receivables: +€20,815
- Tangible fixed assets -€15,363
down €15,363 (-16.2%), from €94,606 to €79,243
of which Plant, machinery and equipment: -€12,508
- Deferred charges and accrued income -€13,965
down €13,965 (-64.2%), from €21,768 to €7,803
- Current portion of long-term debt -€86,441
down €86,441 (-72.7%), from €118,856 to €32,415
- Reserves +€54,389
up €54,389 (+53.5%), from €101,747 to €156,136
of which Distributable reserves: +€54,389
- Accrued charges and deferred income +€26,149
up €26,149, from €0 to €26,149
- Tax, wage and social debts +€8,781
up €8,781 (+15.6%), from €56,196 to €64,977
of which Taxes: +€10,517
- Gross operating margin -€131,850
down €131,850 (-28.6%), from €461,653 to €329,802
- Staff costs -€85,030
down €85,030 (-27.9%), from €305,031 to €220,001
- Other operating charges -€43,490
down €43,490 (-76.2%), from €57,040 to €13,550
- Taxes +€6,885
up €6,885 (+44.2%), from €15,593 to €22,478
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 | €472,527 | €474,967 | +€2,440 | +0.5% |
| Fixed assets | 21/28 | €94,606 | €79,243 | -€15,363 | -16.2% |
| Tangible fixed assets | 22/27 | €94,606 | €79,243 | -€15,363 | -16.2% |
| Land and buildings | 22 | €53,901 | €53,012 | -€889 | -1.6% |
| Plant, machinery and equipment | 23 | €35,291 | €22,784 | -€12,508 | -35.4% |
| Furniture and vehicles | 24 | €5,414 | €3,448 | -€1,966 | -36.3% |
| Current assets | 29/58 | €377,921 | €395,724 | +€17,803 | +4.7% |
| Amounts receivable after more than one year | 29 | €95,270 | €94,750 | -€520 | -0.5% |
| Other amounts receivable | 291 | €95,270 | €94,750 | -€520 | -0.5% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €196,161 | €225,758 | +€29,597 | +15.1% |
| Trade receivables | 40 | €166,768 | €187,583 | +€20,815 | +12.5% |
| Other amounts receivable | 41 | €29,393 | €38,175 | +€8,782 | +29.9% |
| Cash at bank and in hand | 54/58 | €60,722 | €63,413 | +€2,691 | +4.4% |
| Deferred charges and accrued income | 490/1 | €21,768 | €7,803 | -€13,965 | -64.2% |
| Total equity and liabilities | 10/49 | €472,527 | €474,967 | +€2,440 | +0.5% |
| Equity | 10/15 | €262,877 | €317,267 | +€54,389 | +20.7% |
| Contributions | 10/11 | €161,131 | €161,131 | = | 0.0% |
| Capital | 10 | €161,131 | €161,131 | = | 0.0% |
| Issued capital | 100 | €161,131 | €161,131 | = | 0.0% |
| Reserves | 13 | €101,747 | €156,136 | +€54,389 | +53.5% |
| Non-distributable reserves | 130/1 | €16,113 | €16,113 | = | 0.0% |
| Legal reserve | 130 | €16,113 | €16,113 | = | 0.0% |
| Distributable reserves | 133 | €85,634 | €140,023 | +€54,389 | +63.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €209,649 | €157,701 | -€51,949 | -24.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €209,649 | €131,551 | -€78,098 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €118,856 | €32,415 | -€86,441 | -72.7% |
| Trade debts | 44 | €34,597 | €34,159 | -€438 | -1.3% |
| Suppliers | 440/4 | €34,597 | €34,159 | -€438 | -1.3% |
| Taxes, remuneration and social security | 45 | €56,196 | €64,977 | +€8,781 | +15.6% |
| Taxes | 450/3 | €19,925 | €30,442 | +€10,517 | +52.8% |
| Remuneration and social security | 454/9 | €36,271 | €34,535 | -€1,735 | -4.8% |
| Accrued charges and deferred income | 492/3 | €0 | €26,149 | +€26,149 | |
| Non-recurring operating income | 76A | €5,165 | €15,000 | +€9,835 | +190% |
| Remuneration, social security and pensions | 62 | €305,031 | €220,001 | -€85,030 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,636 | €17,073 | +€437 | +2.6% |
| Other operating charges | 640/8 | €57,040 | €13,550 | -€43,490 | -76.2% |
| Gross operating margin | 9900 | €461,653 | €329,802 | -€131,850 | -28.6% |
| Operating profit (loss) | 9901 | €82,946 | €79,178 | -€3,767 | -4.5% |
| Financial income | 75/76B | €4,500 | €4,696 | +€195 | +4.3% |
| Recurring financial income | 75 | €4,500 | €4,696 | +€195 | +4.3% |
| Financial charges | 65/66B | €9,053 | €7,007 | -€2,047 | -22.6% |
| Recurring financial charges | 65 | €9,053 | €7,007 | -€2,047 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €78,393 | €76,868 | -€1,525 | -1.9% |
| Income taxes | 67/77 | €15,593 | €22,478 | +€6,885 | +44.2% |
| Profit (loss) for the period | 9904 | €62,800 | €54,389 | -€8,411 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,800 | €54,389 | -€8,411 | -13.4% |
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 15 October 2026 via checked.be.