STAR - TAPIS: 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 - TAPIS
Largest movements
- Cash +€37,921
up €37,921 (+262.7%), from €14,432 to €52,354
mainly Net result for the year (+€54,873) and Receivables within one year (+€8,725)
- Stocks and contracts +€14,434
up €14,434 (+5.1%), from €284,350 to €298,784
- Tangible fixed assets +€11,333
up €11,333 (+238.9%), from €4,743 to €16,076
of which Plant, machinery and equipment: +€11,933
- Receivables within one year -€8,725
down €8,725 (-30.5%), from €28,605 to €19,880
of which Trade receivables: -€8,378
- Profit (loss) carried forward +€54,873
up €54,873 (+193.9%), from €28,294 to €83,167
- Tax, wage and social debts +€7,251
up €7,251 (+30.9%), from €23,462 to €30,713
of which Taxes: +€3,877
- Other debts -€5,703
down €5,703 (-8.6%), from €65,959 to €60,256
- Trade debts +€5,627
up €5,627 (+3.0%), from €189,291 to €194,918
- Short-term financial debts -€4,734
down €4,734 (-59.2%), from €7,999 to €3,264
- Gross operating margin +€55,940
up €55,940 (+98.0%), from €57,108 to €113,048
- Staff costs +€3,511
up €3,511 (+9.3%), from €37,749 to €41,259
- Other operating charges -€1,264
down €1,264 (-20.0%), from €6,319 to €5,055
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,456 | €392,770 | +€57,314 | +17.1% |
| Fixed assets | 21/28 | €7,011 | €18,344 | +€11,333 | +161.6% |
| Tangible fixed assets | 22/27 | €4,743 | €16,076 | +€11,333 | +238.9% |
| Plant, machinery and equipment | 23 | €686 | €12,619 | +€11,933 | +1738.9% |
| Other tangible fixed assets | 26 | €4,057 | €3,457 | -€600 | -14.8% |
| Financial fixed assets | 28 | €2,268 | €2,268 | = | 0.0% |
| Current assets | 29/58 | €328,445 | €374,426 | +€45,981 | +14.0% |
| Stocks and contracts in progress | 3 | €284,350 | €298,784 | +€14,434 | +5.1% |
| Stocks | 30/36 | €284,350 | €298,784 | +€14,434 | +5.1% |
| Amounts receivable within one year | 40/41 | €28,605 | €19,880 | -€8,725 | -30.5% |
| Trade receivables | 40 | €28,258 | €19,880 | -€8,378 | -29.6% |
| Other amounts receivable | 41 | €348 | €0 | -€348 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,432 | €52,354 | +€37,921 | +262.7% |
| Deferred charges and accrued income | 490/1 | €1,057 | €3,408 | +€2,351 | +222.4% |
| Total equity and liabilities | 10/49 | €335,456 | €392,770 | +€57,314 | +17.1% |
| Equity | 10/15 | €48,745 | €103,618 | +€54,873 | +112.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,294 | €83,167 | +€54,873 | +193.9% |
| Amounts payable | 17/49 | €286,711 | €289,152 | +€2,441 | +0.9% |
| Amounts payable within one year | 42/48 | €286,711 | €289,152 | +€2,441 | +0.9% |
| Financial debts | 43 | €7,999 | €3,264 | -€4,734 | -59.2% |
| Credit institutions | 430/8 | €7,999 | €3,264 | -€4,734 | -59.2% |
| Trade debts | 44 | €189,291 | €194,918 | +€5,627 | +3.0% |
| Suppliers | 440/4 | €189,291 | €194,918 | +€5,627 | +3.0% |
| Taxes, remuneration and social security | 45 | €23,462 | €30,713 | +€7,251 | +30.9% |
| Taxes | 450/3 | €8,898 | €12,775 | +€3,877 | +43.6% |
| Remuneration and social security | 454/9 | €14,564 | €17,938 | +€3,373 | +23.2% |
| Other amounts payable | 47/48 | €65,959 | €60,256 | -€5,703 | -8.6% |
| Non-recurring operating income | 76A | - | €30,803 | +€30,803 | |
| Remuneration, social security and pensions | 62 | €37,749 | €41,259 | +€3,511 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,380 | €2,351 | +€971 | +70.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,319 | €5,055 | -€1,264 | -20.0% |
| Gross operating margin | 9900 | €57,108 | €113,048 | +€55,940 | +98.0% |
| Operating profit (loss) | 9901 | €11,660 | €64,384 | +€52,723 | +452.2% |
| Financial income | 75/76B | €69 | €81 | +€12 | +17.2% |
| Recurring financial income | 75 | €69 | €81 | +€12 | +17.2% |
| Financial charges | 65/66B | €9,762 | €9,352 | -€410 | -4.2% |
| Recurring financial charges | 65 | €9,762 | €9,352 | -€410 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €1,968 | €55,113 | +€53,145 | +2700.4% |
| Income taxes | 67/77 | €245 | €240 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | €1,723 | €54,873 | +€53,150 | +3084.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,723 | €54,873 | +€53,150 | +3084.8% |
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 11 October 2026 via checked.be.