STARFISH CO: 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.
STARFISH CO
Largest movements
- Receivables within one year +€84,700
new in 2025: €84,700
- Cash -€70,073
down €70,073 (-43.2%), from €162,377 to €92,304
mainly Receivables within one year (-€84,700) and Debts after one year (-€27,490)
- Tangible fixed assets -€34,434
down €34,434 (-23.0%), from €149,396 to €114,962
of which Furniture and vehicles: -€34,761
- Debts after one year -€27,490
down €27,490 (-31.2%), from €88,125 to €60,636
- Other debts +€12,287
up €12,287 (+23.5%), from €52,246 to €64,533
- Tax, wage and social debts -€8,811
down €8,811 (-32.4%), from €27,157 to €18,346
of which Taxes: -€6,395
- Gross operating margin +€6,228
up €6,228 (+15.9%), from €39,079 to €45,308
- Taxes +€2,788
up €2,788 (+415%), from €671 to €3,460
- Depreciation +€792
up €792 (+2.2%), from €35,294 to €36,086
- Financial charges +€524
up €524 (+9.8%), from €5,374 to €5,899
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 | €514,377 | €491,965 | -€22,412 | -4.4% |
| Fixed assets | 21/28 | €349,396 | €314,962 | -€34,434 | -9.9% |
| Tangible fixed assets | 22/27 | €149,396 | €114,962 | -€34,434 | -23.0% |
| Plant, machinery and equipment | 23 | €2,696 | €3,023 | +€327 | +12.1% |
| Furniture and vehicles | 24 | €146,700 | €111,939 | -€34,761 | -23.7% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €164,982 | €177,004 | +€12,022 | +7.3% |
| Amounts receivable within one year | 40/41 | - | €84,700 | +€84,700 | |
| Trade receivables | 40 | - | €84,700 | +€84,700 | |
| Cash at bank and in hand | 54/58 | €162,377 | €92,304 | -€70,073 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,605 | - | -€2,605 | |
| Total equity and liabilities | 10/49 | €514,377 | €491,965 | -€22,412 | -4.4% |
| Equity | 10/15 | €317,721 | €317,103 | -€617 | -0.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €315,791 | €315,791 | = | 0.0% |
| Distributable reserves | 133 | €315,791 | €315,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,070 | -€3,688 | -€617 | -20.1% |
| Amounts payable | 17/49 | €196,657 | €174,862 | -€21,795 | -11.1% |
| Amounts payable after more than one year | 17 | €88,125 | €60,636 | -€27,490 | -31.2% |
| Financial debts | 170/4 | €88,125 | €60,636 | -€27,490 | -31.2% |
| Amounts payable within one year | 42/48 | €108,531 | €114,226 | +€5,695 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €26,492 | €27,490 | +€997 | +3.8% |
| Trade debts | 44 | €2,636 | €3,858 | +€1,222 | +46.3% |
| Suppliers | 440/4 | €2,636 | €3,858 | +€1,222 | +46.3% |
| Taxes, remuneration and social security | 45 | €27,157 | €18,346 | -€8,811 | -32.4% |
| Taxes | 450/3 | €24,741 | €18,346 | -€6,395 | -25.8% |
| Remuneration and social security | 454/9 | €2,415 | - | -€2,415 | |
| Other amounts payable | 47/48 | €52,246 | €64,533 | +€12,287 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,294 | €36,086 | +€792 | +2.2% |
| Other operating charges | 640/8 | €810 | €481 | -€329 | -40.6% |
| Gross operating margin | 9900 | €39,079 | €45,308 | +€6,228 | +15.9% |
| Operating profit (loss) | 9901 | €2,975 | €8,740 | +€5,765 | +194% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,374 | €5,899 | +€524 | +9.8% |
| Recurring financial charges | 65 | €5,374 | €5,899 | +€524 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,399 | €2,842 | +€5,241 | |
| Income taxes | 67/77 | €671 | €3,460 | +€2,788 | +415% |
| Profit (loss) for the period | 9904 | -€3,070 | -€617 | +€2,453 | +79.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,070 | -€617 | +€2,453 | +79.9% |
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 22 October 2026 via checked.be.