STARELEC: 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.
STARELEC
Largest movements
- Receivables within one year +€5,455
up €5,455 (+13.9%), from €39,152 to €44,607
of which Other amounts receivable: +€4,727
- Cash +€3,376
up €3,376 (+67.0%), from €5,041 to €8,417
mainly Tax, wage and social debts (+€5,428) and Trade debts (+€5,134)
- Stocks and contracts +€1,726
up €1,726 (+32.1%), from €5,384 to €7,110
- Tax, wage and social debts +€5,428
up €5,428 (+559.1%), from €971 to €6,399
of which Taxes: +€5,984
- Trade debts +€5,134
up €5,134 (+51.9%), from €9,898 to €15,033
- Other debts +€1,900
up €1,900 (+3.3%), from €56,900 to €58,800
- Profit (loss) carried forward -€1,750
down €1,750 (-5.7%), from -€30,577 to -€32,326
- Turnover +€17,612
up €17,612 (+47.3%), from €37,261 to €54,873
- Purchases and services +€14,011
up €14,011 (+30.5%), from €45,883 to €59,894
- Staff costs -€9,616
down €9,616 (-90.3%), from €10,645 to €1,028
- Gross operating margin -€1,525
down €1,525, from €617 to -€909
- Depreciation -€562
down €562 (-87.4%), from €643 to €81
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,552 | €62,265 | +€10,713 | +20.8% |
| Fixed assets | 21/28 | €1,743 | €1,662 | -€81 | -4.6% |
| Tangible fixed assets | 22/27 | €1,693 | €1,612 | -€81 | -4.8% |
| Land and buildings | 22 | €1,450 | €1,369 | -€81 | -5.6% |
| Furniture and vehicles | 24 | €243 | €243 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €49,809 | €60,603 | +€10,794 | +21.7% |
| Stocks and contracts in progress | 3 | €5,384 | €7,110 | +€1,726 | +32.1% |
| Stocks | 30/36 | €5,384 | €7,110 | +€1,726 | +32.1% |
| Amounts receivable within one year | 40/41 | €39,152 | €44,607 | +€5,455 | +13.9% |
| Trade receivables | 40 | €33,564 | €34,292 | +€728 | +2.2% |
| Other amounts receivable | 41 | €5,588 | €10,315 | +€4,727 | +84.6% |
| Cash at bank and in hand | 54/58 | €5,041 | €8,417 | +€3,376 | +67.0% |
| Deferred charges and accrued income | 490/1 | €232 | €469 | +€237 | +102.0% |
| Total equity and liabilities | 10/49 | €51,552 | €62,265 | +€10,713 | +20.8% |
| Equity | 10/15 | -€16,217 | -€17,966 | -€1,750 | -10.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Capital | 10 | €12,500 | €12,500 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,100 | €6,100 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,577 | -€32,326 | -€1,750 | -5.7% |
| Amounts payable | 17/49 | €67,769 | €80,232 | +€12,462 | +18.4% |
| Amounts payable within one year | 42/48 | €67,769 | €80,232 | +€12,462 | +18.4% |
| Trade debts | 44 | €9,898 | €15,033 | +€5,134 | +51.9% |
| Suppliers | 440/4 | €9,898 | €15,033 | +€5,134 | +51.9% |
| Taxes, remuneration and social security | 45 | €971 | €6,399 | +€5,428 | +559.1% |
| Taxes | 450/3 | - | €5,984 | +€5,984 | |
| Remuneration and social security | 454/9 | €971 | €415 | -€556 | -57.3% |
| Other amounts payable | 47/48 | €56,900 | €58,800 | +€1,900 | +3.3% |
| Turnover | 70 | €37,261 | €54,873 | +€17,612 | +47.3% |
| Non-recurring operating income | 76A | - | €4,113 | +€4,113 | |
| Goods, raw materials, services and sundry goods | 60/61 | €45,883 | €59,894 | +€14,011 | +30.5% |
| Remuneration, social security and pensions | 62 | €10,645 | €1,028 | -€9,616 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643 | €81 | -€562 | -87.4% |
| Gross operating margin | 9900 | €617 | -€909 | -€1,525 | |
| Operating profit (loss) | 9901 | -€10,671 | -€2,018 | +€8,653 | +81.1% |
| Financial income | 75/76B | €14 | €369 | +€355 | +2536.1% |
| Recurring financial income | 75 | €14 | €369 | +€355 | +2536.1% |
| Financial charges | 65/66B | €100 | €100 | = | 0.0% |
| Recurring financial charges | 65 | €100 | €100 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,757 | -€1,750 | +€9,008 | +83.7% |
| Profit (loss) for the period | 9904 | -€10,757 | -€1,750 | +€9,008 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,757 | -€1,750 | +€9,008 | +83.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.