STARCO NET: 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.
STARCO NET
Largest movements
- Receivables within one year +€4,937
up €4,937 (+33.0%), from €14,974 to €19,910
- Cash -€2,827
down €2,827 (-16.9%), from €16,752 to €13,924
mainly Other debts (-€13,385) and Trade debts (-€6,284)
- Deferred charges and accrued income +€1,200
up €1,200 (+312%), from €385 to €1,586
- Tangible fixed assets +€582
up €582 (+34.8%), from €1,672 to €2,254
of which Furniture and vehicles: +€1,023
- Profit (loss) carried forward +€22,009
up €22,009 (+49.1%), from -€44,853 to -€22,844
- Other debts -€13,385
down €13,385 (-25.7%), from €52,039 to €38,653
- Trade debts -€6,284
down €6,284 (-52.4%), from €11,989 to €5,705
- Tax, wage and social debts +€1,552
up €1,552 (+23.7%), from €6,547 to €8,099
of which Remuneration and social security: +€4,028
- Gross operating margin +€27,411
up €27,411, from -€501 to €26,910
- Taxes +€1,324
up €1,324 (+619%), from €214 to €1,538
- Financial charges -€1,139
down €1,139 (-49.1%), from €2,319 to €1,180
- Other operating charges -€1,027
down €1,027 (-42.5%), from €2,419 to €1,391
- Depreciation -€453
down €453 (-36.4%), from €1,245 to €792
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 | €33,783 | €37,675 | +€3,892 | +11.5% |
| Fixed assets | 21/28 | €1,672 | €2,254 | +€582 | +34.8% |
| Tangible fixed assets | 22/27 | €1,672 | €2,254 | +€582 | +34.8% |
| Plant, machinery and equipment | 23 | €1,048 | €607 | -€441 | -42.1% |
| Furniture and vehicles | 24 | €624 | €1,647 | +€1,023 | +164% |
| Current assets | 29/58 | €32,111 | €35,420 | +€3,310 | +10.3% |
| Amounts receivable within one year | 40/41 | €14,974 | €19,910 | +€4,937 | +33.0% |
| Trade receivables | 40 | €14,974 | €19,910 | +€4,937 | +33.0% |
| Cash at bank and in hand | 54/58 | €16,752 | €13,924 | -€2,827 | -16.9% |
| Deferred charges and accrued income | 490/1 | €385 | €1,586 | +€1,200 | +312% |
| Total equity and liabilities | 10/49 | €33,783 | €37,675 | +€3,892 | +11.5% |
| Equity | 10/15 | -€36,792 | -€14,783 | +€22,009 | +59.8% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,853 | -€22,844 | +€22,009 | +49.1% |
| Amounts payable | 17/49 | €70,575 | €52,458 | -€18,118 | -25.7% |
| Amounts payable within one year | 42/48 | €70,575 | €52,458 | -€18,118 | -25.7% |
| Trade debts | 44 | €11,989 | €5,705 | -€6,284 | -52.4% |
| Suppliers | 440/4 | €11,989 | €5,705 | -€6,284 | -52.4% |
| Taxes, remuneration and social security | 45 | €6,547 | €8,099 | +€1,552 | +23.7% |
| Taxes | 450/3 | €6,547 | €4,071 | -€2,476 | -37.8% |
| Remuneration and social security | 454/9 | - | €4,028 | +€4,028 | |
| Other amounts payable | 47/48 | €52,039 | €38,653 | -€13,385 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,245 | €792 | -€453 | -36.4% |
| Other operating charges | 640/8 | €2,419 | €1,391 | -€1,027 | -42.5% |
| Gross operating margin | 9900 | -€501 | €26,910 | +€27,411 | |
| Operating profit (loss) | 9901 | -€4,164 | €24,727 | +€28,891 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -25.6% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -25.6% |
| Financial charges | 65/66B | €2,319 | €1,180 | -€1,139 | -49.1% |
| Recurring financial charges | 65 | €2,319 | €1,180 | -€1,139 | -49.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,483 | €23,548 | +€30,030 | |
| Income taxes | 67/77 | €214 | €1,538 | +€1,324 | +619% |
| Profit (loss) for the period | 9904 | -€6,697 | €22,009 | +€28,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,697 | €22,009 | +€28,706 |
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 17 October 2026 via checked.be.