STARDUST: 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.
STARDUST
Largest movements
- Cash +€3,758
up €3,758 (+40.8%), from €9,203 to €12,962
mainly Trade debts (+€3,773) and Net result for the year (+€2,117)
- Trade debts +€3,773
up €3,773 (+226.8%), from €1,663 to €5,437
- Profit (loss) carried forward +€2,117
up €2,117 (+2.6%), from -€80,129 to -€78,012
- Other debts -€1,169
down €1,169 (-93.0%), from €1,258 to €88
- Debts after one year -€1,000
down €1,000 (-2.0%), from €49,750 to €48,750
- Gross operating margin +€4,861
up €4,861 (+646.1%), from €752 to €5,613
- Other operating charges +€642
up €642 (+24.9%), from €2,578 to €3,220
- Financial charges +€216
up €216 (+362.2%), from €60 to €275
- Financial income -€144
no longer reported in 2025 (was €144)
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 | €35,942 | €40,004 | +€4,062 | +11.3% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €500 | €500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €35,442 | €39,504 | +€4,062 | +11.5% |
| Stocks and contracts in progress | 3 | €25,900 | €25,900 | = | 0.0% |
| Stocks | 30/36 | €25,900 | €25,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €339 | €642 | +€303 | +89.5% |
| Trade receivables | 40 | €339 | €138 | -€201 | -59.3% |
| Other amounts receivable | 41 | - | €505 | +€505 | |
| Cash at bank and in hand | 54/58 | €9,203 | €12,962 | +€3,758 | +40.8% |
| Total equity and liabilities | 10/49 | €35,942 | €40,004 | +€4,062 | +11.3% |
| Equity | 10/15 | -€18,156 | -€16,038 | +€2,117 | +11.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,129 | -€78,012 | +€2,117 | +2.6% |
| Amounts payable | 17/49 | €54,098 | €56,042 | +€1,945 | +3.6% |
| Amounts payable after more than one year | 17 | €49,750 | €48,750 | -€1,000 | -2.0% |
| Financial debts | 170/4 | €49,750 | €48,750 | -€1,000 | -2.0% |
| Amounts payable within one year | 42/48 | €4,348 | €7,292 | +€2,945 | +67.7% |
| Trade debts | 44 | €1,663 | €5,437 | +€3,773 | +226.8% |
| Suppliers | 440/4 | €1,663 | €5,437 | +€3,773 | +226.8% |
| Taxes, remuneration and social security | 45 | €1,427 | €1,767 | +€340 | +23.9% |
| Taxes | 450/3 | €1,427 | €1,767 | +€340 | +23.9% |
| Other amounts payable | 47/48 | €1,258 | €88 | -€1,169 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40 | - | -€40 | |
| Other operating charges | 640/8 | €2,578 | €3,220 | +€642 | +24.9% |
| Gross operating margin | 9900 | €752 | €5,613 | +€4,861 | +646.1% |
| Operating profit (loss) | 9901 | -€1,865 | €2,393 | +€4,258 | |
| Financial income | 75/76B | €144 | - | -€144 | |
| Recurring financial income | 75 | €144 | - | -€144 | |
| Financial charges | 65/66B | €60 | €275 | +€216 | +362.2% |
| Recurring financial charges | 65 | €60 | €275 | +€216 | +362.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,780 | €2,117 | +€3,898 | |
| Profit (loss) for the period | 9904 | -€1,780 | €2,117 | +€3,898 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,780 | €2,117 | +€3,898 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.