Starfisk Group: 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.
Starfisk Group
Largest movements
- Receivables within one year +€26,204
up €26,204 (+25.9%), from €101,128 to €127,332
of which Trade receivables: +€26,742
- Cash +€20,611
up €20,611 (+424%), from €4,856 to €25,467
mainly Net result for the year (+€57,267) and Trade debts (+€14,513)
- Reserves +€57,267
up €57,267 (+65.8%), from €87,009 to €144,276
of which Distributable reserves: +€57,267
- Other debts -€28,171
down €28,171 (-59.8%), from €47,082 to €18,911
- Trade debts +€14,513
up €14,513 (+8.3%), from €174,855 to €189,368
- Tax, wage and social debts +€6,306
up €6,306 (+19.8%), from €31,775 to €38,081
- Financial income +€31,503
up €31,503 (+315,033,800%), from €0 to €31,503
- Gross operating margin -€16,990
down €16,990 (-25.4%), from €66,925 to €49,936
- Financial charges +€2,462
up €2,462 (+189%), from €1,304 to €3,766
- Taxes -€1,201
down €1,201 (-6.1%), from €19,641 to €18,440
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.
Derived cash bridge
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 | €394,847 | €444,762 | +€49,915 | +12.6% |
| Fixed assets | 21/28 | €288,862 | €291,962 | +€3,100 | +1.1% |
| Tangible fixed assets | 22/27 | €4,988 | €3,791 | -€1,197 | -24.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,988 | €3,791 | -€1,197 | -24.0% |
| Financial fixed assets | 28 | €283,874 | €288,171 | +€4,297 | +1.5% |
| Current assets | 29/58 | €105,985 | €152,799 | +€46,815 | +44.2% |
| Amounts receivable within one year | 40/41 | €101,128 | €127,332 | +€26,204 | +25.9% |
| Trade receivables | 40 | €94,301 | €121,044 | +€26,742 | +28.4% |
| Other amounts receivable | 41 | €6,827 | €6,289 | -€538 | -7.9% |
| Cash at bank and in hand | 54/58 | €4,856 | €25,467 | +€20,611 | +424% |
| Total equity and liabilities | 10/49 | €394,847 | €444,762 | +€49,915 | +12.6% |
| Equity | 10/15 | €141,135 | €198,402 | +€57,267 | +40.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €87,009 | €144,276 | +€57,267 | +65.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €85,009 | €142,276 | +€57,267 | +67.4% |
| Profit (loss) carried forward | 14 | €34,126 | €34,126 | = | 0.0% |
| Amounts payable | 17/49 | €253,712 | €246,360 | -€7,352 | -2.9% |
| Amounts payable within one year | 42/48 | €253,712 | €246,360 | -€7,352 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €174,855 | €189,368 | +€14,513 | +8.3% |
| Suppliers | 440/4 | €174,855 | €189,368 | +€14,513 | +8.3% |
| Taxes, remuneration and social security | 45 | €31,775 | €38,081 | +€6,306 | +19.8% |
| Taxes | 450/3 | €31,775 | €38,081 | +€6,306 | +19.8% |
| Other amounts payable | 47/48 | €47,082 | €18,911 | -€28,171 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €983 | €1,197 | +€215 | +21.9% |
| Other operating charges | 640/8 | €1,364 | €768 | -€596 | -43.7% |
| Gross operating margin | 9900 | €66,925 | €49,936 | -€16,990 | -25.4% |
| Operating profit (loss) | 9901 | €64,579 | €47,970 | -€16,609 | -25.7% |
| Financial income | 75/76B | €0 | €31,503 | +€31,503 | +315,033,800% |
| Recurring financial income | 75 | €0 | €31,503 | +€31,503 | +315,033,800% |
| Financial charges | 65/66B | €1,304 | €3,766 | +€2,462 | +189% |
| Recurring financial charges | 65 | €1,304 | €3,766 | +€2,462 | +189% |
| Profit (loss) for the period before taxes | 9903 | €63,275 | €75,707 | +€12,432 | +19.6% |
| Income taxes | 67/77 | €19,641 | €18,440 | -€1,201 | -6.1% |
| Profit (loss) for the period | 9904 | €43,634 | €57,267 | +€13,633 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,634 | €57,267 | +€13,633 | +31.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.