STARFAIR: 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.
STARFAIR
Largest movements
- Receivables within one year -€36,775
down €36,775 (-84.9%), from €43,315 to €6,540
of which Trade receivables: -€43,315
- Cash +€32,777
up €32,777 (+65.5%), from €50,058 to €82,835
mainly Receivables within one year (+€36,775) and Deferred charges and accrued income (+€7,559)
- Receivables after one year +€10,000
new in 2025: €10,000
- Deferred charges and accrued income -€7,559
down €7,559 (-33.9%), from €22,308 to €14,749
- Trade debts -€2,285
down €2,285 (-20.3%), from €11,231 to €8,945
- Other debts +€2,008
up €2,008 (+46.2%), from €4,350 to €6,358
- Gross operating margin -€12,141
down €12,141 (-49.6%), from €24,477 to €12,336
- Financial charges +€5,521
up €5,521 (+1583.2%), from €349 to €5,869
- Financial income -€2,198
down €2,198 (-93.6%), from €2,348 to €150
- Other operating charges +€349
up €349 (+51.5%), from €677 to €1,025
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 | €117,153 | €115,009 | -€2,144 | -1.8% |
| Fixed assets | 21/28 | €1,472 | €886 | -€586 | -39.8% |
| Tangible fixed assets | 22/27 | €1,472 | €886 | -€586 | -39.8% |
| Furniture and vehicles | 24 | €1,472 | €886 | -€586 | -39.8% |
| Current assets | 29/58 | €115,680 | €114,123 | -€1,557 | -1.3% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €43,315 | €6,540 | -€36,775 | -84.9% |
| Trade receivables | 40 | €43,315 | €0 | -€43,315 | -100.0% |
| Other amounts receivable | 41 | €0 | €6,540 | +€6,540 | |
| Cash at bank and in hand | 54/58 | €50,058 | €82,835 | +€32,777 | +65.5% |
| Deferred charges and accrued income | 490/1 | €22,308 | €14,749 | -€7,559 | -33.9% |
| Total equity and liabilities | 10/49 | €117,153 | €115,009 | -€2,144 | -1.8% |
| Equity | 10/15 | €100,575 | €99,705 | -€870 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,437 | €18,437 | = | 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% |
| Distributable reserves | 133 | €16,577 | €16,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,538 | €62,668 | -€870 | -1.4% |
| Amounts payable | 17/49 | €16,578 | €15,304 | -€1,274 | -7.7% |
| Amounts payable within one year | 42/48 | €16,578 | €15,304 | -€1,274 | -7.7% |
| Trade debts | 44 | €11,231 | €8,945 | -€2,285 | -20.3% |
| Suppliers | 440/4 | €11,231 | €8,945 | -€2,285 | -20.3% |
| Taxes, remuneration and social security | 45 | €997 | €0 | -€997 | -100.0% |
| Taxes | 450/3 | €997 | €0 | -€997 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,350 | €6,358 | +€2,008 | +46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €507 | +€186 | +58.0% |
| Other operating charges | 640/8 | €677 | €1,025 | +€349 | +51.5% |
| Gross operating margin | 9900 | €24,477 | €12,336 | -€12,141 | -49.6% |
| Operating profit (loss) | 9901 | €23,480 | €10,804 | -€12,676 | -54.0% |
| Financial income | 75/76B | €2,348 | €150 | -€2,198 | -93.6% |
| Recurring financial income | 75 | €2,348 | €150 | -€2,198 | -93.6% |
| Financial charges | 65/66B | €349 | €5,869 | +€5,521 | +1583.2% |
| Recurring financial charges | 65 | €349 | €5,869 | +€5,521 | +1583.2% |
| Profit (loss) for the period before taxes | 9903 | €25,480 | €5,085 | -€20,394 | -80.0% |
| Income taxes | 67/77 | €5,776 | €5,955 | +€179 | +3.1% |
| Profit (loss) for the period | 9904 | €19,704 | -€870 | -€20,573 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,704 | -€870 | -€20,573 |
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 1 October 2026 via checked.be.