STARGYP: what changed
What changed
STARGYP
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€450
2024 · €15,487-€15,037
Equity
€197,350
2024 · €203,900-€6,550
Cash
€124,066
2024 · €44,987+€79,079
Balance sheet total
€629,183
2024 · €471,068+€158,115
Largest movements
Assets
- Receivables within one year +€91,127
up €91,127 (+39.8%), from €229,168 to €320,295
of which Trade receivables: +€76,761
- Cash +€79,079
up €79,079 (+176%), from €44,987 to €124,066
mainly Trade debts (+€110,762) and Short-term financial debts (+€110,000)
- Tangible fixed assets -€36,294
down €36,294 (-35.8%), from €101,362 to €65,069
of which Leasing and similar rights: -€28,872
- Stocks and contracts +€25,262
up €25,262 (+32.9%), from €76,753 to €102,015
of which Stocks: +€13,322
Equity and liabilities
- Trade debts +€110,762
up €110,762 (+75.3%), from €147,151 to €257,913
- Short-term financial debts +€110,000
new in 2025: €110,000
- Debts after one year -€25,628
down €25,628 (-45.1%), from €56,847 to €31,220
- Other debts -€21,986
no longer reported in 2025 (was €21,986)
- Current portion of long-term debt -€12,957
down €12,957 (-48.9%), from €26,493 to €13,536
Income statement
- Staff costs +€30,969
up €30,969 (+13.1%), from €236,678 to €267,647
- Gross operating margin +€9,406
up €9,406 (+3.0%), from €311,773 to €321,179
- Financial charges -€6,784
down €6,784 (-34.9%), from €19,420 to €12,635
- Taxes -€6,485
down €6,485 (-67.1%), from €9,667 to €3,183
- Financial income -€5,068
down €5,068 (-70.6%), from €7,173 to €2,106
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,487
Gross operating margin
+€9,406
Staff costs
-€30,969
Depreciation
-€2,286
Write-downs
+€3,933
Other operating charges
-€190
Other operating items
-€4,233
Financial income
-€5,068
Financial charges
+€6,784
Taxes
+€6,485
Deferred taxes and other
+€1,101
Result 2025
€450
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€12,012
Investment
+€2,651
Financing
+€64,416
Cash 2024
€44,987
From operations (derived)
+€12,012
Net result for the year
+€450
Depreciation
+€32,339
Stocks and contracts
-€25,262
Receivables within one year
-€91,127
Deferred charges and accrued income
+€2,362
Provisions
-€445
Trade debts
+€110,762
Tax, wage and social debts
+€4,919
Other debts
-€21,986
Investment (derived)
+€2,651
Investment in fixed assets (net)
+€2,651
Financing
+€64,416
Debts after one year
-€25,628
Current portion of long-term debt
-€12,957
Short-term financial debts
+€110,000
Contributions, distributions and other
-€7,000
Cash 2025
€124,066
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,068 | €629,183 | +€158,115 | +33.6% |
| Fixed assets | 21/28 | €110,729 | €75,739 | -€34,990 | -31.6% |
| Tangible fixed assets | 22/27 | €101,362 | €65,069 | -€36,294 | -35.8% |
| Plant, machinery and equipment | 23 | €31,054 | €22,614 | -€8,440 | -27.2% |
| Furniture and vehicles | 24 | €1,279 | €2,298 | +€1,018 | +79.6% |
| Leasing and similar rights | 25 | €69,029 | €40,157 | -€28,872 | -41.8% |
| Financial fixed assets | 28 | €9,366 | €10,670 | +€1,304 | +13.9% |
| Current assets | 29/58 | €360,339 | €553,444 | +€193,105 | +53.6% |
| Stocks and contracts in progress | 3 | €76,753 | €102,015 | +€25,262 | +32.9% |
| Stocks | 30/36 | €18,386 | €31,708 | +€13,322 | +72.5% |
| Contracts in progress | 37 | €58,367 | €70,307 | +€11,940 | +20.5% |
| Amounts receivable within one year | 40/41 | €229,168 | €320,295 | +€91,127 | +39.8% |
| Trade receivables | 40 | €176,167 | €252,929 | +€76,761 | +43.6% |
| Other amounts receivable | 41 | €53,000 | €67,366 | +€14,366 | +27.1% |
| Cash at bank and in hand | 54/58 | €44,987 | €124,066 | +€79,079 | +176% |
| Deferred charges and accrued income | 490/1 | €9,431 | €7,069 | -€2,362 | -25.0% |
| Total equity and liabilities | 10/49 | €471,068 | €629,183 | +€158,115 | +33.6% |
| Equity | 10/15 | €203,900 | €197,350 | -€6,550 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,952 | €150,616 | -€8,336 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,592 | €6,256 | -€1,336 | -17.6% |
| Distributable reserves | 133 | €149,500 | €142,500 | -€7,000 | -4.7% |
| Profit (loss) carried forward | 14 | €26,348 | €28,134 | +€1,785 | +6.8% |
| Provisions and deferred taxes | 16 | €2,531 | €2,085 | -€445 | -17.6% |
| Deferred taxes | 168 | €2,531 | €2,085 | -€445 | -17.6% |
| Amounts payable | 17/49 | €264,637 | €429,748 | +€165,111 | +62.4% |
| Amounts payable after more than one year | 17 | €56,847 | €31,220 | -€25,628 | -45.1% |
| Financial debts | 170/4 | €56,847 | €31,220 | -€25,628 | -45.1% |
| Amounts payable within one year | 42/48 | €207,790 | €398,528 | +€190,738 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | €26,493 | €13,536 | -€12,957 | -48.9% |
| Financial debts | 43 | - | €110,000 | +€110,000 | |
| Credit institutions | 430/8 | - | €110,000 | +€110,000 | |
| Trade debts | 44 | €147,151 | €257,913 | +€110,762 | +75.3% |
| Suppliers | 440/4 | €147,151 | €257,913 | +€110,762 | +75.3% |
| Taxes, remuneration and social security | 45 | €12,161 | €17,080 | +€4,919 | +40.4% |
| Taxes | 450/3 | - | €2,918 | +€2,918 | |
| Remuneration and social security | 454/9 | €12,161 | €14,162 | +€2,001 | +16.5% |
| Other amounts payable | 47/48 | €21,986 | - | -€21,986 | |
| Non-recurring operating income | 76A | €4,934 | €7,253 | +€2,319 | +47.0% |
| Remuneration, social security and pensions | 62 | €236,678 | €267,647 | +€30,969 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,053 | €32,339 | +€2,286 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,933 | - | -€3,933 | |
| Other operating charges | 640/8 | €3,053 | €3,243 | +€190 | +6.2% |
| Non-recurring operating charges | 66A | - | €4,233 | +€4,233 | |
| Gross operating margin | 9900 | €311,773 | €321,179 | +€9,406 | +3.0% |
| Operating profit (loss) | 9901 | €38,056 | €13,717 | -€24,340 | -64.0% |
| Financial income | 75/76B | €7,173 | €2,106 | -€5,068 | -70.6% |
| Recurring financial income | 75 | €7,173 | €2,106 | -€5,068 | -70.6% |
| Financial charges | 65/66B | €19,420 | €12,635 | -€6,784 | -34.9% |
| Recurring financial charges | 65 | €19,420 | €12,635 | -€6,784 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €25,810 | €3,187 | -€22,623 | -87.7% |
| Transfer from deferred taxes | 780 | €445 | €445 | = | 0.0% |
| Transfer to deferred taxes | 680 | €1,101 | - | -€1,101 | |
| Income taxes | 67/77 | €9,667 | €3,183 | -€6,485 | -67.1% |
| Profit (loss) for the period | 9904 | €15,487 | €450 | -€15,037 | -97.1% |
| Transfer from tax-exempt reserves | 789 | €1,336 | €1,336 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €3,302 | - | -€3,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,520 | €1,785 | -€11,735 | -86.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.