STARC Studio d’Architecture: what changed
STARC Studio d’Architecture
Largest movements
- Tangible fixed assets +€112,861
up €112,861 (+29.7%), from €379,625 to €492,486
of which Plant, machinery and equipment: +€64,290
- Receivables within one year +€15,275
up €15,275 (+107%), from €14,268 to €29,543
of which Other amounts receivable: +€11,695
- Cash +€11,662
up €11,662 (+62.6%), from €18,627 to €30,289
mainly Depreciation (+€60,427) and Debts after one year (+€58,526)
- Debts after one year +€58,526
up €58,526 (+31.9%), from €183,289 to €241,815
- Other debts +€53,844
up €53,844 (+1,535%), from €3,508 to €57,352
- Profit (loss) carried forward +€25,753
up €25,753 (+42.6%), from €60,483 to €86,236
- Current portion of long-term debt +€18,224
up €18,224 (+69.7%), from €26,143 to €44,367
- Tax, wage and social debts -€8,811
down €8,811 (-30.1%), from €29,268 to €20,457
of which Remuneration and social security: -€16,824
- Gross operating margin +€36,326
up €36,326 (+10.7%), from €340,901 to €377,227
- Staff costs +€31,980
up €31,980 (+13.1%), from €243,803 to €275,783
- Depreciation +€21,201
up €21,201 (+54.0%), from €39,226 to €60,427
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,520 | €552,318 | +€139,798 | +33.9% |
| Fixed assets | 21/28 | €379,625 | €492,486 | +€112,861 | +29.7% |
| Tangible fixed assets | 22/27 | €379,625 | €492,486 | +€112,861 | +29.7% |
| Plant, machinery and equipment | 23 | €359,316 | €423,606 | +€64,290 | +17.9% |
| Furniture and vehicles | 24 | €20,309 | €68,880 | +€48,571 | +239% |
| Current assets | 29/58 | €32,895 | €59,832 | +€26,937 | +81.9% |
| Amounts receivable within one year | 40/41 | €14,268 | €29,543 | +€15,275 | +107% |
| Trade receivables | 40 | €8,035 | €11,615 | +€3,580 | +44.6% |
| Other amounts receivable | 41 | €6,233 | €17,928 | +€11,695 | +188% |
| Cash at bank and in hand | 54/58 | €18,627 | €30,289 | +€11,662 | +62.6% |
| Total equity and liabilities | 10/49 | €412,520 | €552,318 | +€139,798 | +33.9% |
| Equity | 10/15 | €115,483 | €141,236 | +€25,753 | +22.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Other | 1319 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,483 | €86,236 | +€25,753 | +42.6% |
| Amounts payable | 17/49 | €297,037 | €411,082 | +€114,045 | +38.4% |
| Amounts payable after more than one year | 17 | €183,289 | €241,815 | +€58,526 | +31.9% |
| Financial debts | 170/4 | €183,289 | €241,815 | +€58,526 | +31.9% |
| Amounts payable within one year | 42/48 | €113,748 | €169,267 | +€55,519 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €26,143 | €44,367 | +€18,224 | +69.7% |
| Trade debts | 44 | €54,829 | €47,091 | -€7,738 | -14.1% |
| Suppliers | 440/4 | €54,829 | €47,091 | -€7,738 | -14.1% |
| Taxes, remuneration and social security | 45 | €29,268 | €20,457 | -€8,811 | -30.1% |
| Taxes | 450/3 | €6,519 | €14,532 | +€8,013 | +123% |
| Remuneration and social security | 454/9 | €22,749 | €5,925 | -€16,824 | -74.0% |
| Other amounts payable | 47/48 | €3,508 | €57,352 | +€53,844 | +1,535% |
| Remuneration, social security and pensions | 62 | €243,803 | €275,783 | +€31,980 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,226 | €60,427 | +€21,201 | +54.0% |
| Other operating charges | 640/8 | €965 | €1,112 | +€147 | +15.2% |
| Gross operating margin | 9900 | €340,901 | €377,227 | +€36,326 | +10.7% |
| Operating profit (loss) | 9901 | €56,907 | €39,905 | -€17,002 | -29.9% |
| Financial charges | 65/66B | €7,421 | €9,946 | +€2,525 | +34.0% |
| Recurring financial charges | 65 | €7,421 | €9,946 | +€2,525 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €49,486 | €29,959 | -€19,527 | -39.5% |
| Income taxes | 67/77 | €4,956 | €4,206 | -€750 | -15.1% |
| Profit (loss) for the period | 9904 | €44,530 | €25,753 | -€18,777 | -42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,530 | €25,753 | -€18,777 | -42.2% |
Next steps
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 2 November 2026 via checked.be.