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STARGAMES: 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.

What changed

STARGAMES

BE 0454.910.402
NACE 92.000, Gambling and betting activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€393,407
2023 · €32,001-€425,407
Equity
€266,968
2023 · €660,375-€393,407
Cash
€204,096
2023 · €160,893+€43,203
Balance sheet total
€5.3m
2023 · €1.3m+€4.0m

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€4.0m

    up €4.0m (+538.1%), from €738,527 to €4.7m

    of which Other amounts receivable: +€4.0m

Equity and liabilities
  • Other debts +€4.0m

    new in 2024: €4.0m

  • Profit (loss) carried forward -€393,407

    down €393,407 (-75.2%), from €523,197 to €129,791

  • Trade debts +€212,726

    up €212,726 (+42.7%), from €498,087 to €710,814

  • Current portion of long-term debt +€175,000

    new in 2024: €175,000

Income statement
  • Other operating charges +€190,863

    up €190,863 (+31.3%), from €609,896 to €800,759

  • Staff costs +€152,486

    up €152,486 (+131.0%), from €116,413 to €268,899

  • Taxes +€124,755

    up €124,755 (+927.9%), from €13,446 to €138,200

  • Gross operating margin +€71,449

    up €71,449 (+8.9%), from €798,712 to €870,161

  • Depreciation +€18,706

    up €18,706 (+108.6%), from €17,221 to €35,927

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 €32,001
Gross operating margin +€71,449
Staff costs -€152,486
Depreciation -€18,706
Other operating charges -€190,863
Other operating items -€3,210
Financial income +€398
Financial charges -€7,235
Taxes -€124,755
Result 2024 -€393,407

Cash bridge derived

cash 2023 to 2024

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.

From operations -€75,478
Investment -€56,319
Financing +€175,000
Cash 2023 €160,893
Net result for the year -€393,407
Depreciation +€35,927
Receivables within one year -€4.0m
Smaller working-capital items +€4,153
Trade debts +€212,726
Other debts +€4.0m
Investment in fixed assets (net) -€56,319
Current portion of long-term debt +€175,000
Cash 2024 €204,096
Every line side by side 48 lines
Line Code 2023 2024 Change %
Total assets 20/58 €1,254,969 €5,293,795 +€4.0m +321.8%
Fixed assets 21/28 €355,549 €375,942 +€20,392 +5.7%
Intangible fixed assets 21 €29,986 €38,085 +€8,099 +27.0%
Tangible fixed assets 22/27 €107,309 €119,602 +€12,293 +11.5%
Land and buildings 22 €102,496 €84,484 -€18,012 -17.6%
Furniture and vehicles 24 €2,626 €9,114 +€6,488 +247.1%
Other tangible fixed assets 26 €2,187 €26,004 +€23,817 +1088.9%
Financial fixed assets 28 €218,254 €218,254 = 0.0%
Current assets 29/58 €899,420 €4,917,854 +€4.0m +446.8%
Amounts receivable within one year 40/41 €738,527 €4,712,798 +€4.0m +538.1%
Trade receivables 40 €442,694 €425,899 -€16,795 -3.8%
Other amounts receivable 41 €295,833 €4,286,899 +€4.0m +1349.1%
Cash at bank and in hand 54/58 €160,893 €204,096 +€43,203 +26.9%
Deferred charges and accrued income 490/1 - €960 +€960
Total equity and liabilities 10/49 €1,254,969 €5,293,795 +€4.0m +321.8%
Equity 10/15 €660,375 €266,968 -€393,407 -59.6%
Contributions 10/11 €124,707 €124,707 = 0.0%
Capital 10 €124,707 €124,707 = 0.0%
Issued capital 100 €124,707 €124,707 = 0.0%
Reserves 13 €12,471 €12,471 = 0.0%
Non-distributable reserves 130/1 €12,471 €12,471 = 0.0%
Legal reserve 130 €12,471 €12,471 = 0.0%
Profit (loss) carried forward 14 €523,197 €129,791 -€393,407 -75.2%
Amounts payable 17/49 €594,594 €5,026,827 +€4.4m +745.4%
Amounts payable within one year 42/48 €593,149 €5,026,827 +€4.4m +747.5%
Current portion of amounts payable after more than one year 42 - €175,000 +€175,000
Trade debts 44 €498,087 €710,814 +€212,726 +42.7%
Suppliers 440/4 €498,087 €710,814 +€212,726 +42.7%
Advances received on contracts in progress 46 - €0 =
Taxes, remuneration and social security 45 €95,061 €101,620 +€6,559 +6.9%
Taxes 450/3 €73,645 €71,406 -€2,239 -3.0%
Remuneration and social security 454/9 €21,416 €30,214 +€8,798 +41.1%
Other amounts payable 47/48 - €4,039,393 +€4.0m
Accrued charges and deferred income 492/3 €1,446 - -€1,446
Remuneration, social security and pensions 62 €116,413 €268,899 +€152,486 +131.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €17,221 €35,927 +€18,706 +108.6%
Other operating charges 640/8 €609,896 €800,759 +€190,863 +31.3%
Non-recurring operating charges 66A - €3,210 +€3,210
Gross operating margin 9900 €798,712 €870,161 +€71,449 +8.9%
Operating profit (loss) 9901 €55,183 -€238,633 -€293,815
Financial income 75/76B €1 €399 +€398 +33168.3%
Recurring financial income 75 €1 €399 +€398 +33168.3%
Financial charges 65/66B €9,737 €16,973 +€7,235 +74.3%
Recurring financial charges 65 €9,737 €16,973 +€7,235 +74.3%
Profit (loss) for the period before taxes 9903 €45,446 -€255,206 -€300,653
Income taxes 67/77 €13,446 €138,200 +€124,755 +927.9%
Profit (loss) for the period 9904 €32,001 -€393,407 -€425,407
Profit (loss) for the period to be appropriated 9905 €32,001 -€393,407 -€425,407

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 29 September 2026 via checked.be.