STAR RACING: what changed
What changed
STAR RACING
NACE 55.100, Hotels and similar accommodation
filed annual accounts (NBB)
Net result for the year
€519,644
2024 · €716,023-€196,380
Equity
€3.0m
2024 · €2.5m+€519,644
Cash
€3.7m
2024 · €3.0m+€748,693
Balance sheet total
€4.0m
2024 · €3.2m+€790,277
Largest movements
Assets
- Cash +€748,693
up €748,693 (+25.0%), from €3.0m to €3.7m
mainly Net result for the year (+€519,644) and Advances received (+€206,896)
Equity and liabilities
- Profit (loss) carried forward +€519,644
up €519,644 (+21.2%), from €2.4m to €3.0m
- Advances received +€206,896
up €206,896 (+56.0%), from €369,606 to €576,502
- Trade debts +€43,460
up €43,460 (+27.2%), from €159,744 to €203,204
Income statement
- Staff costs +€131,202
up €131,202 (+10.2%), from €1.3m to €1.4m
- Gross operating margin -€118,993
down €118,993 (-5.0%), from €2.4m to €2.2m
- Taxes -€64,951
down €64,951 (-26.8%), from €242,161 to €177,210
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€716,023
Gross operating margin
-€118,993
Staff costs
-€131,202
Depreciation
-€7,631
Other operating charges
-€3,538
Other operating items
+€7,500
Financial income
-€88
Financial charges
-€7,379
Taxes
+€64,951
Result 2025
€519,644
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€782,096
Investment
-€33,404
Financing
€0
Cash 2024
€3.0m
From operations (derived)
+€782,096
Net result for the year
+€519,644
Depreciation
+€24,364
Stocks and contracts
+€2,474
Receivables within one year
-€18,270
Deferred charges and accrued income
-€16,750
Trade debts
+€43,460
Tax, wage and social debts
+€28,929
Advances received
+€206,896
Other debts
-€8,590
Accrued charges and deferred income
-€62
Investment (derived)
-€33,404
Investment in fixed assets (net)
-€33,404
Cash 2025
€3.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,224,508 | €4,014,784 | +€790,277 | +24.5% |
| Fixed assets | 21/28 | €73,392 | €82,431 | +€9,039 | +12.3% |
| Tangible fixed assets | 22/27 | €73,067 | €82,106 | +€9,039 | +12.4% |
| Plant, machinery and equipment | 23 | €52,242 | €51,876 | -€366 | -0.7% |
| Furniture and vehicles | 24 | €20,825 | €30,231 | +€9,406 | +45.2% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €3,151,115 | €3,932,353 | +€781,237 | +24.8% |
| Stocks and contracts in progress | 3 | €40,075 | €37,601 | -€2,474 | -6.2% |
| Stocks | 30/36 | €40,075 | €37,601 | -€2,474 | -6.2% |
| Amounts receivable within one year | 40/41 | €58,087 | €76,357 | +€18,270 | +31.5% |
| Trade receivables | 40 | €23,482 | €23,310 | -€172 | -0.7% |
| Other amounts receivable | 41 | €34,605 | €53,047 | +€18,442 | +53.3% |
| Cash at bank and in hand | 54/58 | €2,999,908 | €3,748,601 | +€748,693 | +25.0% |
| Deferred charges and accrued income | 490/1 | €53,045 | €69,794 | +€16,750 | +31.6% |
| Total equity and liabilities | 10/49 | €3,224,508 | €4,014,784 | +€790,277 | +24.5% |
| Equity | 10/15 | €2,474,817 | €2,994,461 | +€519,644 | +21.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €6,290 | €6,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,290 | €6,290 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,290 | €6,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,449,977 | €2,969,621 | +€519,644 | +21.2% |
| Amounts payable | 17/49 | €749,691 | €1,020,323 | +€270,633 | +36.1% |
| Amounts payable within one year | 42/48 | €743,510 | €1,014,205 | +€270,695 | +36.4% |
| Trade debts | 44 | €159,744 | €203,204 | +€43,460 | +27.2% |
| Suppliers | 440/4 | €159,744 | €203,204 | +€43,460 | +27.2% |
| Advances received on contracts in progress | 46 | €369,606 | €576,502 | +€206,896 | +56.0% |
| Taxes, remuneration and social security | 45 | €205,570 | €234,499 | +€28,929 | +14.1% |
| Taxes | 450/3 | €10,002 | €22,828 | +€12,826 | +128% |
| Remuneration and social security | 454/9 | €195,567 | €211,670 | +€16,103 | +8.2% |
| Other amounts payable | 47/48 | €8,590 | €0 | -€8,590 | -100% |
| Accrued charges and deferred income | 492/3 | €6,181 | €6,119 | -€62 | -1.0% |
| Non-recurring operating income | 76A | €0 | €9,890 | +€9,890 | |
| Remuneration, social security and pensions | 62 | €1,291,010 | €1,422,212 | +€131,202 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,734 | €24,364 | +€7,631 | +45.6% |
| Other operating charges | 640/8 | €56,121 | €59,659 | +€3,538 | +6.3% |
| Non-recurring operating charges | 66A | €7,500 | €0 | -€7,500 | -100% |
| Gross operating margin | 9900 | €2,365,756 | €2,246,763 | -€118,993 | -5.0% |
| Operating profit (loss) | 9901 | €994,390 | €740,527 | -€253,863 | -25.5% |
| Financial income | 75/76B | €1,868 | €1,779 | -€88 | -4.7% |
| Recurring financial income | 75 | €1,868 | €1,779 | -€88 | -4.7% |
| Financial charges | 65/66B | €38,074 | €45,453 | +€7,379 | +19.4% |
| Recurring financial charges | 65 | €38,074 | €45,453 | +€7,379 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €958,185 | €696,854 | -€261,331 | -27.3% |
| Income taxes | 67/77 | €242,161 | €177,210 | -€64,951 | -26.8% |
| Profit (loss) for the period | 9904 | €716,023 | €519,644 | -€196,380 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €716,023 | €519,644 | -€196,380 | -27.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.