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
- Tangible fixed assets +€354,654
up €354,654 (+654.7%), from €54,174 to €408,828
of which Land and buildings: +€355,487
- Receivables after one year -€79,216
down €79,216 (-100.0%), from €79,216 to €0
- Cash -€51,876
down €51,876 (-40.2%), from €128,981 to €77,105
mainly Investment in fixed assets (net) (-€379,233) and Tax, wage and social debts (-€13,691)
- Receivables within one year -€10,615
down €10,615 (-36.4%), from €29,182 to €18,567
of which Trade receivables: -€9,172
- Debts after one year +€125,879
up €125,879 (+680.6%), from €18,495 to €144,374
- Other debts +€72,801
up €72,801 (+3172.7%), from €2,295 to €75,095
- Tax, wage and social debts -€13,691
down €13,691 (-42.6%), from €32,143 to €18,452
of which Taxes: -€16,091
- Current portion of long-term debt +€12,609
up €12,609 (+150.7%), from €8,367 to €20,976
- Reserves +€11,870
up €11,870 (+5.3%), from €224,893 to €236,763
- Taxes -€14,570
down €14,570 (-64.1%), from €22,747 to €8,177
- Financial charges +€1,717
up €1,717 (+221.5%), from €775 to €2,492
- Gross operating margin -€1,175
down €1,175 (-1.2%), from €97,479 to €96,304
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,540 | €507,364 | +€213,825 | +72.8% |
| Fixed assets | 21/28 | €54,174 | €409,471 | +€355,297 | +655.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €54,174 | €408,828 | +€354,654 | +654.7% |
| Land and buildings | 22 | - | €355,487 | +€355,487 | |
| Furniture and vehicles | 24 | €17,431 | €13,249 | -€4,181 | -24.0% |
| Other tangible fixed assets | 26 | €36,743 | €40,091 | +€3,348 | +9.1% |
| Financial fixed assets | 28 | - | €644 | +€644 | |
| Current assets | 29/58 | €239,366 | €97,893 | -€141,472 | -59.1% |
| Amounts receivable after more than one year | 29 | €79,216 | €0 | -€79,216 | -100.0% |
| Other amounts receivable | 291 | €79,216 | €0 | -€79,216 | -100.0% |
| Stocks and contracts in progress | 3 | €1,427 | €1,427 | = | 0.0% |
| Stocks | 30/36 | €1,427 | €1,427 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,182 | €18,567 | -€10,615 | -36.4% |
| Trade receivables | 40 | €25,916 | €16,744 | -€9,172 | -35.4% |
| Other amounts receivable | 41 | €3,266 | €1,823 | -€1,443 | -44.2% |
| Cash at bank and in hand | 54/58 | €128,981 | €77,105 | -€51,876 | -40.2% |
| Deferred charges and accrued income | 490/1 | €560 | €794 | +€234 | +41.9% |
| Total equity and liabilities | 10/49 | €293,540 | €507,364 | +€213,825 | +72.8% |
| Equity | 10/15 | €231,093 | €242,963 | +€11,870 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €224,893 | €236,763 | +€11,870 | +5.3% |
| Distributable reserves | 133 | €224,893 | €236,763 | +€11,870 | +5.3% |
| Amounts payable | 17/49 | €62,447 | €264,402 | +€201,955 | +323.4% |
| Amounts payable after more than one year | 17 | €18,495 | €144,374 | +€125,879 | +680.6% |
| Financial debts | 170/4 | €18,495 | €144,374 | +€125,879 | +680.6% |
| Amounts payable within one year | 42/48 | €43,951 | €120,027 | +€76,076 | +173.1% |
| Current portion of amounts payable after more than one year | 42 | €8,367 | €20,976 | +€12,609 | +150.7% |
| Trade debts | 44 | €1,146 | €5,504 | +€4,358 | +380.2% |
| Suppliers | 440/4 | €1,146 | €5,504 | +€4,358 | +380.2% |
| Taxes, remuneration and social security | 45 | €32,143 | €18,452 | -€13,691 | -42.6% |
| Taxes | 450/3 | €32,143 | €16,052 | -€16,091 | -50.1% |
| Remuneration and social security | 454/9 | - | €2,400 | +€2,400 | |
| Other amounts payable | 47/48 | €2,295 | €75,095 | +€72,801 | +3172.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,612 | €23,936 | +€323 | +1.4% |
| Other operating charges | 640/8 | €1,446 | €2,064 | +€617 | +42.7% |
| Non-recurring operating charges | 66A | - | €48,866 | +€48,866 | |
| Gross operating margin | 9900 | €97,479 | €96,304 | -€1,175 | -1.2% |
| Operating profit (loss) | 9901 | €72,421 | €21,439 | -€50,982 | -70.4% |
| Financial income | 75/76B | €1,536 | €1,099 | -€436 | -28.4% |
| Recurring financial income | 75 | €1,536 | €1,099 | -€436 | -28.4% |
| Financial charges | 65/66B | €775 | €2,492 | +€1,717 | +221.5% |
| Recurring financial charges | 65 | €775 | €2,492 | +€1,717 | +221.5% |
| Profit (loss) for the period before taxes | 9903 | €73,181 | €20,046 | -€53,135 | -72.6% |
| Income taxes | 67/77 | €22,747 | €8,177 | -€14,570 | -64.1% |
| Profit (loss) for the period | 9904 | €50,434 | €11,870 | -€38,565 | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,434 | €11,870 | -€38,565 | -76.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.