STARBAT SERVICES: 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.
STARBAT SERVICES
Largest movements
- Tangible fixed assets -€98,659
down €98,659 (-9.2%), from €1.1m to €969,234
of which Land and buildings: -€58,979
- Cash +€55,863
up €55,863 (+33.6%), from €166,201 to €222,064
mainly Depreciation (+€112,037) and Net result for the year (+€98,305)
- Stocks and contracts -€21,873
down €21,873 (-7.6%), from €288,129 to €266,256
- Debts after one year -€155,153
down €155,153 (-20.6%), from €752,685 to €597,532
of which Financial debts: -€155,153
- Reserves +€98,211
up €98,211 (+22.5%), from €436,200 to €534,411
of which Tax-exempt reserves: +€54,711
- Current portion of long-term debt -€60,070
down €60,070 (-36.7%), from €163,496 to €103,425
- Trade debts +€36,792
up €36,792 (+25.2%), from €145,991 to €182,783
- Gross operating margin +€99,656
up €99,656 (+19.4%), from €512,456 to €612,111
- Staff costs +€24,781
up €24,781 (+9.0%), from €274,920 to €299,701
- Taxes +€11,778
up €11,778 (+157.4%), from €7,485 to €19,264
- Write-downs -€11,245
down €11,245 (-77.1%), from €14,583 to €3,338
- Depreciation -€6,977
down €6,977 (-5.9%), from €119,014 to €112,037
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 | €1,619,439 | €1,564,774 | -€54,664 | -3.4% |
| Fixed assets | 21/28 | €1,070,280 | €971,621 | -€98,659 | -9.2% |
| Tangible fixed assets | 22/27 | €1,067,894 | €969,234 | -€98,659 | -9.2% |
| Land and buildings | 22 | €875,412 | €816,433 | -€58,979 | -6.7% |
| Plant, machinery and equipment | 23 | €9,963 | €6,749 | -€3,214 | -32.3% |
| Furniture and vehicles | 24 | €16,885 | €12,306 | -€4,579 | -27.1% |
| Other tangible fixed assets | 26 | €165,634 | €133,746 | -€31,887 | -19.3% |
| Financial fixed assets | 28 | €2,386 | €2,386 | = | 0.0% |
| Current assets | 29/58 | €549,159 | €593,153 | +€43,995 | +8.0% |
| Stocks and contracts in progress | 3 | €288,129 | €266,256 | -€21,873 | -7.6% |
| Stocks | 30/36 | €288,129 | €266,256 | -€21,873 | -7.6% |
| Amounts receivable within one year | 40/41 | €83,860 | €95,006 | +€11,145 | +13.3% |
| Trade receivables | 40 | €79,582 | €94,297 | +€14,716 | +18.5% |
| Other amounts receivable | 41 | €4,279 | €708 | -€3,571 | -83.4% |
| Cash at bank and in hand | 54/58 | €166,201 | €222,064 | +€55,863 | +33.6% |
| Deferred charges and accrued income | 490/1 | €10,968 | €9,828 | -€1,140 | -10.4% |
| Total equity and liabilities | 10/49 | €1,619,439 | €1,564,774 | -€54,664 | -3.4% |
| Equity | 10/15 | €501,306 | €599,610 | +€98,305 | +19.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €436,200 | €534,411 | +€98,211 | +22.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €54,711 | +€54,711 | |
| Distributable reserves | 133 | €430,000 | €473,500 | +€43,500 | +10.1% |
| Profit (loss) carried forward | 14 | €3,106 | €3,200 | +€94 | +3.0% |
| Provisions and deferred taxes | 16 | - | €13,678 | +€13,678 | |
| Deferred taxes | 168 | - | €13,678 | +€13,678 | |
| Amounts payable | 17/49 | €1,118,133 | €951,486 | -€166,647 | -14.9% |
| Amounts payable after more than one year | 17 | €752,685 | €597,532 | -€155,153 | -20.6% |
| Financial debts | 170/4 | €748,560 | €593,407 | -€155,153 | -20.7% |
| Other amounts payable | 178/9 | €4,125 | €4,125 | = | 0.0% |
| Amounts payable within one year | 42/48 | €365,348 | €353,854 | -€11,494 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €163,496 | €103,425 | -€60,070 | -36.7% |
| Trade debts | 44 | €145,991 | €182,783 | +€36,792 | +25.2% |
| Suppliers | 440/4 | €145,991 | €182,783 | +€36,792 | +25.2% |
| Taxes, remuneration and social security | 45 | €55,861 | €53,185 | -€2,676 | -4.8% |
| Taxes | 450/3 | €22,424 | €16,833 | -€5,590 | -24.9% |
| Remuneration and social security | 454/9 | €33,437 | €36,352 | +€2,915 | +8.7% |
| Other amounts payable | 47/48 | - | €14,460 | +€14,460 | |
| Accrued charges and deferred income | 492/3 | €100 | €100 | = | 0.0% |
| Non-recurring operating income | 76A | €18,980 | €68,388 | +€49,409 | +260.3% |
| Remuneration, social security and pensions | 62 | €274,920 | €299,701 | +€24,781 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,014 | €112,037 | -€6,977 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,583 | €3,338 | -€11,245 | -77.1% |
| Other operating charges | 640/8 | €39,166 | €32,942 | -€6,224 | -15.9% |
| Gross operating margin | 9900 | €512,456 | €612,111 | +€99,656 | +19.4% |
| Operating profit (loss) | 9901 | €64,772 | €164,094 | +€99,322 | +153.3% |
| Financial income | 75/76B | €56 | €38 | -€18 | -32.8% |
| Recurring financial income | 75 | €56 | €38 | -€18 | -32.8% |
| Financial charges | 65/66B | €35,487 | €32,885 | -€2,601 | -7.3% |
| Recurring financial charges | 65 | €35,487 | €32,885 | -€2,601 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €29,341 | €131,246 | +€101,905 | +347.3% |
| Transfer to deferred taxes | 680 | - | €13,678 | +€13,678 | |
| Income taxes | 67/77 | €7,485 | €19,264 | +€11,778 | +157.4% |
| Profit (loss) for the period | 9904 | €21,856 | €98,305 | +€76,449 | +349.8% |
| Transfer to tax-exempt reserves | 689 | - | €54,711 | +€54,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,856 | €43,594 | +€21,738 | +99.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.