STAR.S: 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.S
Largest movements
- Tangible fixed assets -€21,069
down €21,069 (-2.5%), from €846,494 to €825,425
of which Land and buildings: -€13,374
- Reserves +€54,848
up €54,848 (+30.4%), from €180,303 to €235,151
- Other debts -€50,372
down €50,372 (-31.0%), from €162,710 to €112,338
- Debts after one year -€29,374
down €29,374 (-5.9%), from €495,528 to €466,155
- Trade debts +€10,004
up €10,004 (+264%), from €3,786 to €13,790
- Gross operating margin -€35,176
down €35,176 (-23.6%), from €148,958 to €113,782
- Taxes -€4,530
down €4,530 (-19.7%), from €22,970 to €18,441
- Financial charges -€4,357
down €4,357 (-35.5%), from €12,288 to €7,931
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 | €883,225 | €869,956 | -€13,269 | -1.5% |
| Fixed assets | 21/28 | €846,494 | €825,425 | -€21,069 | -2.5% |
| Tangible fixed assets | 22/27 | €846,494 | €825,425 | -€21,069 | -2.5% |
| Land and buildings | 22 | €825,889 | €812,515 | -€13,374 | -1.6% |
| Plant, machinery and equipment | 23 | €6,469 | €5,153 | -€1,316 | -20.3% |
| Furniture and vehicles | 24 | €14,136 | €7,758 | -€6,378 | -45.1% |
| Current assets | 29/58 | €36,731 | €44,531 | +€7,800 | +21.2% |
| Amounts receivable within one year | 40/41 | €21,097 | €25,137 | +€4,040 | +19.1% |
| Trade receivables | 40 | €19,058 | €25,137 | +€6,079 | +31.9% |
| Other amounts receivable | 41 | €2,039 | - | -€2,039 | |
| Cash at bank and in hand | 54/58 | €12,788 | €17,041 | +€4,253 | +33.3% |
| Deferred charges and accrued income | 490/1 | €2,847 | €2,354 | -€493 | -17.3% |
| Total equity and liabilities | 10/49 | €883,225 | €869,956 | -€13,269 | -1.5% |
| Equity | 10/15 | €183,303 | €238,151 | +€54,848 | +29.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €180,303 | €235,151 | +€54,848 | +30.4% |
| Distributable reserves | 133 | €180,303 | €235,151 | +€54,848 | +30.4% |
| Amounts payable | 17/49 | €699,922 | €631,806 | -€68,117 | -9.7% |
| Amounts payable after more than one year | 17 | €495,528 | €466,155 | -€29,374 | -5.9% |
| Financial debts | 170/4 | €495,528 | €466,155 | -€29,374 | -5.9% |
| Amounts payable within one year | 42/48 | €204,394 | €165,651 | -€38,743 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €28,992 | €29,374 | +€382 | +1.3% |
| Trade debts | 44 | €3,786 | €13,790 | +€10,004 | +264% |
| Suppliers | 440/4 | €3,786 | €13,790 | +€10,004 | +264% |
| Taxes, remuneration and social security | 45 | €8,907 | €10,150 | +€1,243 | +14.0% |
| Taxes | 450/3 | €8,907 | €10,150 | +€1,243 | +14.0% |
| Other amounts payable | 47/48 | €162,710 | €112,338 | -€50,372 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,020 | €28,963 | -€1,056 | -3.5% |
| Other operating charges | 640/8 | €2,871 | €3,600 | +€729 | +25.4% |
| Gross operating margin | 9900 | €148,958 | €113,782 | -€35,176 | -23.6% |
| Operating profit (loss) | 9901 | €116,067 | €81,219 | -€34,848 | -30.0% |
| Financial income | 75/76B | €16 | €1 | -€16 | -96.4% |
| Recurring financial income | 75 | €16 | €1 | -€16 | -96.4% |
| Financial charges | 65/66B | €12,288 | €7,931 | -€4,357 | -35.5% |
| Recurring financial charges | 65 | €12,288 | €7,931 | -€4,357 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €103,795 | €73,288 | -€30,507 | -29.4% |
| Income taxes | 67/77 | €22,970 | €18,441 | -€4,530 | -19.7% |
| Profit (loss) for the period | 9904 | €80,825 | €54,848 | -€25,977 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €80,825 | €54,848 | -€25,977 | -32.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.