STAR PLUS: 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.
What changed
STAR PLUS
NACE 46.431, Wholesale of electrical household appliances and audio-video equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €32,318+€1.0m
Equity
€361,254
2024 · -€705,185+€1.1m
Cash
€28,238
2024 · €15,739+€12,499
Balance sheet total
€2.3m
2024 · €1.1m+€1.3m
Largest movements
Assets
- Tangible fixed assets +€1.2m
up €1.2m (+170.0%), from €723,669 to €2.0m
of which Land and buildings: +€2.0m
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m (+84.0%), from -€1.3m to -€203,064
- Debts after one year +€111,446
up €111,446 (+9.2%), from €1.2m to €1.3m
of which Financial debts: +€528,845
Income statement
- Gross operating margin +€1.1m
up €1.1m (+652.2%), from €171,550 to €1.3m
- Staff costs +€29,979
up €29,979 (+26.6%), from €112,509 to €142,487
- Financial charges +€25,264
up €25,264 (+110.3%), from €22,905 to €48,169
- Depreciation +€24,368
up €24,368 (+1878.5%), from €1,297 to €25,665
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.
Result 2024
€32,318
Gross operating margin
+€1.1m
Staff costs
-€29,979
Depreciation
-€24,368
Other operating charges
-€561
Financial income
+€1,974
Financial charges
-€25,264
Taxes
-€6,484
Result 2025
€1.1m
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.
From operations
+€1.1m
Investment
-€1.3m
Financing
+€132,904
Cash 2024
€15,739
From operations (derived)
+€1.1m
Net result for the year
+€1.1m
Depreciation
+€25,665
Smaller working-capital items
-€2,069
Receivables within one year
-€16,608
Trade debts
+€18,695
Tax, wage and social debts
+€14,301
Other debts
+€14,107
Accrued charges and deferred income
+€15,059
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€1.3m
Financing
+€132,904
Debts after one year
+€111,446
Current portion of long-term debt
+€21,458
Cash 2025
€28,238
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,068,107 | €2,329,612 | +€1.3m | +118.1% |
| Fixed assets | 21/28 | €724,534 | €1,954,863 | +€1.2m | +169.8% |
| Tangible fixed assets | 22/27 | €723,669 | €1,953,998 | +€1.2m | +170.0% |
| Land and buildings | 22 | - | €1,950,406 | +€2.0m | |
| Plant, machinery and equipment | 23 | - | €724 | +€724 | |
| Other tangible fixed assets | 26 | €723,669 | €2,868 | -€720,801 | -99.6% |
| Financial fixed assets | 28 | €865 | €865 | = | 0.0% |
| Current assets | 29/58 | €343,573 | €374,749 | +€31,176 | +9.1% |
| Stocks and contracts in progress | 3 | €287,427 | €288,057 | +€630 | +0.2% |
| Stocks | 30/36 | €287,427 | €288,057 | +€630 | +0.2% |
| Amounts receivable within one year | 40/41 | €40,407 | €57,015 | +€16,608 | +41.1% |
| Trade receivables | 40 | €16,888 | €29,003 | +€12,115 | +71.7% |
| Other amounts receivable | 41 | €23,518 | €28,012 | +€4,494 | +19.1% |
| Cash at bank and in hand | 54/58 | €15,739 | €28,238 | +€12,499 | +79.4% |
| Deferred charges and accrued income | 490/1 | - | €1,439 | +€1,439 | |
| Total equity and liabilities | 10/49 | €1,068,107 | €2,329,612 | +€1.3m | +118.1% |
| Equity | 10/15 | -€705,185 | €361,254 | +€1.1m | |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €58,110 | €58,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€1,269,503 | -€203,064 | +€1.1m | +84.0% |
| Amounts payable | 17/49 | €1,773,292 | €1,968,358 | +€195,066 | +11.0% |
| Amounts payable after more than one year | 17 | €1,214,822 | €1,326,267 | +€111,446 | +9.2% |
| Financial debts | 170/4 | €197,423 | €726,267 | +€528,845 | +267.9% |
| Other amounts payable | 178/9 | €1,017,399 | €600,000 | -€417,399 | -41.0% |
| Amounts payable within one year | 42/48 | €558,471 | €627,031 | +€68,561 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €78,092 | €99,550 | +€21,458 | +27.5% |
| Financial debts | 43 | €140,000 | €140,000 | = | 0.0% |
| Credit institutions | 430/8 | €140,000 | €140,000 | = | 0.0% |
| Trade debts | 44 | €240,712 | €259,407 | +€18,695 | +7.8% |
| Suppliers | 440/4 | €240,712 | €259,407 | +€18,695 | +7.8% |
| Taxes, remuneration and social security | 45 | €99,667 | €113,968 | +€14,301 | +14.3% |
| Taxes | 450/3 | €88,802 | €94,182 | +€5,380 | +6.1% |
| Remuneration and social security | 454/9 | €10,865 | €19,786 | +€8,921 | +82.1% |
| Other amounts payable | 47/48 | - | €14,107 | +€14,107 | |
| Accrued charges and deferred income | 492/3 | - | €15,059 | +€15,059 | |
| Non-recurring operating income | 76A | - | €1,017,399 | +€1.0m | |
| Remuneration, social security and pensions | 62 | €112,509 | €142,487 | +€29,979 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,297 | €25,665 | +€24,368 | +1878.5% |
| Other operating charges | 640/8 | €2,521 | €3,082 | +€561 | +22.3% |
| Gross operating margin | 9900 | €171,550 | €1,290,353 | +€1.1m | +652.2% |
| Operating profit (loss) | 9901 | €55,224 | €1,119,119 | +€1.1m | +1926.5% |
| Financial income | 75/76B | - | €1,974 | +€1,974 | |
| Recurring financial income | 75 | - | €1,974 | +€1,974 | |
| Financial charges | 65/66B | €22,905 | €48,169 | +€25,264 | +110.3% |
| Recurring financial charges | 65 | €22,905 | €48,169 | +€25,264 | +110.3% |
| Profit (loss) for the period before taxes | 9903 | €32,318 | €1,072,923 | +€1.0m | +3219.8% |
| Income taxes | 67/77 | - | €6,484 | +€6,484 | |
| Profit (loss) for the period | 9904 | €32,318 | €1,066,439 | +€1.0m | +3199.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,318 | €1,066,439 | +€1.0m | +3199.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.