STARCO TRANS: 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 TRANS
Largest movements
- Receivables within one year +€30,229
up €30,229 (+30.5%), from €99,198 to €129,427
- Trade debts +€192,204
up €192,204 (+364%), from €52,846 to €245,050
- Profit (loss) carried forward -€168,484
down €168,484, from €2,092 to -€166,392
- Tax, wage and social debts +€6,934
up €6,934 (+14.8%), from €46,767 to €53,701
of which Taxes: +€19,430
- Staff costs +€89,647
up €89,647 (+60.6%), from €147,929 to €237,576
- Gross operating margin -€82,556
down €82,556 (-53.9%), from €153,244 to €70,688
- Financial charges -€1,797
down €1,797 (-87.1%), from €2,063 to €266
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 | €117,656 | €148,105 | +€30,449 | +25.9% |
| Fixed assets | 21/28 | €18,458 | €18,458 | +€0 | 0.0% |
| Financial fixed assets | 28 | €18,458 | €18,458 | +€0 | 0.0% |
| Current assets | 29/58 | €99,198 | €129,646 | +€30,448 | +30.7% |
| Amounts receivable within one year | 40/41 | €99,198 | €129,427 | +€30,229 | +30.5% |
| Trade receivables | 40 | €99,198 | €129,427 | +€30,229 | +30.5% |
| Cash at bank and in hand | 54/58 | - | €220 | +€220 | |
| Total equity and liabilities | 10/49 | €117,656 | €148,105 | +€30,449 | +25.9% |
| Equity | 10/15 | €17,092 | -€151,392 | -€168,484 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,092 | -€166,392 | -€168,484 | |
| Amounts payable | 17/49 | €100,564 | €299,496 | +€198,932 | +198% |
| Amounts payable within one year | 42/48 | €100,564 | €299,496 | +€198,932 | +198% |
| Financial debts | 43 | €206 | - | -€206 | |
| Credit institutions | 430/8 | €206 | - | -€206 | |
| Trade debts | 44 | €52,846 | €245,050 | +€192,204 | +364% |
| Suppliers | 440/4 | €52,846 | €245,050 | +€192,204 | +364% |
| Taxes, remuneration and social security | 45 | €46,767 | €53,701 | +€6,934 | +14.8% |
| Taxes | 450/3 | €34,271 | €53,701 | +€19,430 | +56.7% |
| Remuneration and social security | 454/9 | €12,496 | - | -€12,496 | |
| Other amounts payable | 47/48 | €745 | €745 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €147,929 | €237,576 | +€89,647 | +60.6% |
| Other operating charges | 640/8 | €979 | €1,330 | +€351 | +35.8% |
| Gross operating margin | 9900 | €153,244 | €70,688 | -€82,556 | -53.9% |
| Operating profit (loss) | 9901 | €4,336 | -€168,217 | -€172,553 | |
| Financial charges | 65/66B | €2,063 | €266 | -€1,797 | -87.1% |
| Recurring financial charges | 65 | €2,063 | €266 | -€1,797 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €2,273 | -€168,483 | -€170,756 | |
| Profit (loss) for the period | 9904 | €2,273 | -€168,483 | -€170,756 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,273 | -€168,483 | -€170,756 |
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 21 October 2026 via checked.be.