STAR RENTAL: 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 RENTAL
Largest movements
- Cash -€90,682
down €90,682 (-30.0%), from €302,713 to €212,031
mainly Tax, wage and social debts (-€50,010) and Accrued charges and deferred income (-€48,472)
- Receivables within one year +€18,643
new in 2025: €18,643
- Tax, wage and social debts -€50,010
no longer reported in 2025 (was €50,010)
- Accrued charges and deferred income -€48,472
no longer reported in 2025 (was €48,472)
- Reserves +€21,921
up €21,921 (+3.5%), from €632,895 to €654,816
of which Distributable reserves: +€21,921
- Gross operating margin -€247,330
down €247,330 (-87.6%), from €282,198 to €34,868
- Taxes -€78,228
down €78,228 (-86.9%), from €89,977 to €11,749
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 | €989,282 | €916,651 | -€72,631 | -7.3% |
| Fixed assets | 21/28 | €288,823 | €288,231 | -€592 | -0.2% |
| Tangible fixed assets | 22/27 | €288,823 | €288,231 | -€592 | -0.2% |
| Land and buildings | 22 | €287,100 | €287,100 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,723 | €1,131 | -€592 | -34.4% |
| Current assets | 29/58 | €700,459 | €628,420 | -€72,039 | -10.3% |
| Amounts receivable within one year | 40/41 | - | €18,643 | +€18,643 | |
| Other amounts receivable | 41 | - | €18,643 | +€18,643 | |
| Current investments | 50/53 | €397,746 | €397,746 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €302,713 | €212,031 | -€90,682 | -30.0% |
| Total equity and liabilities | 10/49 | €989,282 | €916,651 | -€72,631 | -7.3% |
| Equity | 10/15 | €882,895 | €904,816 | +€21,921 | +2.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €632,895 | €654,816 | +€21,921 | +3.5% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €607,895 | €629,816 | +€21,921 | +3.6% |
| Amounts payable | 17/49 | €106,387 | €11,835 | -€94,552 | -88.9% |
| Amounts payable within one year | 42/48 | €57,915 | €11,835 | -€46,080 | -79.6% |
| Trade debts | 44 | €100 | €200 | +€100 | +100% |
| Suppliers | 440/4 | €100 | €200 | +€100 | +100% |
| Taxes, remuneration and social security | 45 | €50,010 | - | -€50,010 | |
| Taxes | 450/3 | €50,010 | - | -€50,010 | |
| Other amounts payable | 47/48 | €7,805 | €11,635 | +€3,830 | +49.1% |
| Accrued charges and deferred income | 492/3 | €48,472 | - | -€48,472 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53 | €592 | +€539 | +1,009% |
| Other operating charges | 640/8 | €557 | €540 | -€18 | -3.2% |
| Gross operating margin | 9900 | €282,198 | €34,868 | -€247,330 | -87.6% |
| Operating profit (loss) | 9901 | €281,587 | €33,736 | -€247,851 | -88.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €74 | €67 | -€7 | -9.2% |
| Recurring financial charges | 65 | €74 | €67 | -€7 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €281,514 | €33,670 | -€247,844 | -88.0% |
| Income taxes | 67/77 | €89,977 | €11,749 | -€78,228 | -86.9% |
| Profit (loss) for the period | 9904 | €191,537 | €21,921 | -€169,616 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €191,537 | €21,921 | -€169,616 | -88.6% |
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 27 October 2026 via checked.be.