STAR MATIC: 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 MATIC
Largest movements
- Cash -€368,825
down €368,825 (-98.5%), from €374,262 to €5,437
mainly Investment in fixed assets (net) (-€250,000) and Other debts (-€194,269)
- Financial fixed assets +€250,000
up €250,000 (+45.0%), from €554,948 to €804,948
- Receivables within one year -€18,343
down €18,343 (-41.1%), from €44,611 to €26,268
of which Other amounts receivable: -€18,343
- Other debts -€194,269
down €194,269 (-68.3%), from €284,411 to €90,142
- Trade debts +€29,746
up €29,746 (+47.9%), from €62,102 to €91,848
- Profit (loss) carried forward +€26,597
up €26,597 (+19.4%), from €137,129 to €163,726
- Gross operating margin -€17,832
down €17,832 (-10.7%), from €167,203 to €149,372
- Depreciation -€15,020
down €15,020 (-75.7%), from €19,837 to €4,817
- Other operating charges -€9,591
down €9,591 (-8.1%), from €118,288 to €108,697
- Taxes +€1,801
up €1,801 (+25.3%), from €7,109 to €8,910
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.
Derived cash bridge
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 | €979,161 | €837,176 | -€141,985 | -14.5% |
| Fixed assets | 21/28 | €560,288 | €805,471 | +€245,183 | +43.8% |
| Intangible fixed assets | 21 | €3,578 | €0 | -€3,578 | -100% |
| Tangible fixed assets | 22/27 | €1,762 | €523 | -€1,239 | -70.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,762 | €523 | -€1,239 | -70.3% |
| Financial fixed assets | 28 | €554,948 | €804,948 | +€250,000 | +45.0% |
| Current assets | 29/58 | €418,873 | €31,705 | -€387,168 | -92.4% |
| Amounts receivable within one year | 40/41 | €44,611 | €26,268 | -€18,343 | -41.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €44,611 | €26,268 | -€18,343 | -41.1% |
| Cash at bank and in hand | 54/58 | €374,262 | €5,437 | -€368,825 | -98.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €979,161 | €837,176 | -€141,985 | -14.5% |
| Equity | 10/15 | €628,589 | €655,186 | +€26,597 | +4.2% |
| Contributions | 10/11 | €478,600 | €478,600 | = | 0.0% |
| Reserves | 13 | €12,860 | €12,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €12,860 | €12,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,129 | €163,726 | +€26,597 | +19.4% |
| Amounts payable | 17/49 | €350,572 | €181,990 | -€168,583 | -48.1% |
| Amounts payable within one year | 42/48 | €350,572 | €181,990 | -€168,583 | -48.1% |
| Trade debts | 44 | €62,102 | €91,848 | +€29,746 | +47.9% |
| Suppliers | 440/4 | €62,102 | €91,848 | +€29,746 | +47.9% |
| Taxes, remuneration and social security | 45 | €4,059 | €0 | -€4,059 | -100% |
| Taxes | 450/3 | €4,059 | €0 | -€4,059 | -100% |
| Other amounts payable | 47/48 | €284,411 | €90,142 | -€194,269 | -68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,837 | €4,817 | -€15,020 | -75.7% |
| Other operating charges | 640/8 | €118,288 | €108,697 | -€9,591 | -8.1% |
| Gross operating margin | 9900 | €167,203 | €149,372 | -€17,832 | -10.7% |
| Operating profit (loss) | 9901 | €29,078 | €35,857 | +€6,779 | +23.3% |
| Financial charges | 65/66B | €505 | €350 | -€156 | -30.8% |
| Recurring financial charges | 65 | €505 | €350 | -€156 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €28,573 | €35,508 | +€6,935 | +24.3% |
| Income taxes | 67/77 | €7,109 | €8,910 | +€1,801 | +25.3% |
| Profit (loss) for the period | 9904 | €21,463 | €26,597 | +€5,134 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,463 | €26,597 | +€5,134 | +23.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.