STARGLASS BELGIUM: 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.
STARGLASS BELGIUM
Largest movements
- Cash +€10,566
up €10,566 (+13.9%), from €75,816 to €86,382
- Receivables within one year -€10,011
down €10,011 (-1.7%), from €597,764 to €587,752
of which Trade receivables: -€9,938
No liability line moved by more than 1% of the balance sheet total.
- Staff costs -€955
down €955 (-1.3%), from €74,603 to €73,648
- Gross operating margin -€942
down €942 (-1.3%), from €75,029 to €74,087
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €678,293 | €678,847 | +€554 | +0.1% |
| Fixed assets | 21/28 | €2,100 | €2,100 | = | 0.0% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €676,193 | €676,747 | +€554 | +0.1% |
| Amounts receivable within one year | 40/41 | €597,764 | €587,752 | -€10,011 | -1.7% |
| Trade receivables | 40 | €35,230 | €25,291 | -€9,938 | -28.2% |
| Other amounts receivable | 41 | €562,534 | €562,461 | -€73 | 0.0% |
| Cash at bank and in hand | 54/58 | €75,816 | €86,382 | +€10,566 | +13.9% |
| Deferred charges and accrued income | 490/1 | €2,613 | €2,613 | = | 0.0% |
| Total equity and liabilities | 10/49 | €678,293 | €678,847 | +€554 | +0.1% |
| Equity | 10/15 | €666,535 | €666,535 | = | 0.0% |
| Contributions | 10/11 | €805,654 | €805,654 | = | 0.0% |
| Capital | 10 | €805,654 | €805,654 | = | 0.0% |
| Issued capital | 100 | €805,654 | €805,654 | = | 0.0% |
| Reserves | 13 | €1,909 | €1,909 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,909 | €1,909 | = | 0.0% |
| Legal reserve | 130 | €1,909 | €1,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,028 | -€141,028 | = | 0.0% |
| Amounts payable | 17/49 | €11,758 | €12,313 | +€554 | +4.7% |
| Amounts payable within one year | 42/48 | €9,145 | €12,313 | +€3,167 | +34.6% |
| Trade debts | 44 | €0 | €4,878 | +€4,878 | |
| Suppliers | 440/4 | €0 | €4,878 | +€4,878 | |
| Taxes, remuneration and social security | 45 | €9,145 | €7,434 | -€1,711 | -18.7% |
| Remuneration and social security | 454/9 | €9,145 | €7,434 | -€1,711 | -18.7% |
| Accrued charges and deferred income | 492/3 | €2,613 | €0 | -€2,613 | -100% |
| Remuneration, social security and pensions | 62 | €74,603 | €73,648 | -€955 | -1.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €75,029 | €74,087 | -€942 | -1.3% |
| Operating profit (loss) | 9901 | €38 | €39 | +€1 | +2.4% |
| Financial charges | 65/66B | €38 | €39 | +€1 | +2.4% |
| Recurring financial charges | 65 | €38 | €39 | +€1 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | - | = |
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 1 November 2026 via checked.be.