STARIUS: 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.
What changed
STARIUS
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€573,003
2024 · €248,224+€324,779
Equity
€20.4m
2024 · €19.8m+€573,003
Cash
€40,739
2024 · €44,219-€3,480
Balance sheet total
€41.6m
2024 · €41.6m-€33,259
Largest movements
Assets
- Stocks and contracts -€1.1m
down €1.1m (-27.4%), from €4.1m to €2.9m
- Current investments +€750,000
up €750,000 (+273%), from €275,000 to €1.0m
Equity and liabilities
- Short-term financial debts -€1.1m
down €1.1m (-13.1%), from €8.1m to €7.1m
of which Credit institutions: -€889,722
- Reserves +€573,003
up €573,003 (+19.3%), from €3.0m to €3.5m
Income statement
- Gross operating margin +€294,635
up €294,635 (+125%), from €235,424 to €530,059
- Other operating charges -€88,570
down €88,570 (-62.5%), from €141,746 to €53,176
- Financial income +€61,909
up €61,909 (+9.2%), from €670,247 to €732,156
- Write-downs +€54,520
up €54,520, from -€54,520 to €0
- Staff costs -€10,019
down €10,019 (-8.3%), from €120,486 to €110,467
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.
Result 2024
€248,224
Gross operating margin
+€294,635
Staff costs
+€10,019
Depreciation
+€892
Write-downs
-€54,520
Other operating charges
+€88,570
Other operating items
-€75,424
Financial income
+€61,909
Financial charges
+€2,052
Taxes
-€3,355
Result 2025
€573,003
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.8m
Investment
-€709,576
Financing
-€1.1m
Cash 2024
€44,219
From operations (derived)
+€1.8m
Net result for the year
+€573,003
Depreciation
+€84,017
Receivables after one year
-€42,500
Stocks and contracts
+€1.1m
Receivables within one year
-€390,367
Deferred charges and accrued income
-€23,166
Trade debts
+€106,356
Tax, wage and social debts
+€33,874
Other debts
+€239,655
Accrued charges and deferred income
+€73,575
Investment (derived)
-€709,576
Investment in fixed assets (net)
+€40,424
Current investments
-€750,000
Financing
-€1.1m
Short-term financial debts
-€1.1m
Cash 2025
€40,739
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,638,265 | €41,605,007 | -€33,259 | -0.1% |
| Fixed assets | 21/28 | €22,574,344 | €22,449,904 | -€124,440 | -0.6% |
| Intangible fixed assets | 21 | €100,000 | €100,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,998,089 | €1,873,649 | -€124,440 | -6.2% |
| Land and buildings | 22 | €1,991,953 | €1,868,812 | -€123,141 | -6.2% |
| Furniture and vehicles | 24 | €6,136 | €4,837 | -€1,299 | -21.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €20,476,255 | €20,476,255 | = | 0.0% |
| Current assets | 29/58 | €19,063,921 | €19,155,103 | +€91,181 | +0.5% |
| Amounts receivable after more than one year | 29 | €11,710,500 | €11,753,000 | +€42,500 | +0.4% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €11,710,500 | €11,753,000 | +€42,500 | +0.4% |
| Stocks and contracts in progress | 3 | €4,053,614 | €2,942,242 | -€1.1m | -27.4% |
| Stocks | 30/36 | €4,053,614 | €2,942,242 | -€1.1m | -27.4% |
| Amounts receivable within one year | 40/41 | €2,913,904 | €3,304,271 | +€390,367 | +13.4% |
| Trade receivables | 40 | €262,187 | €398,571 | +€136,384 | +52.0% |
| Other amounts receivable | 41 | €2,651,717 | €2,905,700 | +€253,983 | +9.6% |
| Current investments | 50/53 | €275,000 | €1,025,000 | +€750,000 | +273% |
| Cash at bank and in hand | 54/58 | €44,219 | €40,739 | -€3,480 | -7.9% |
| Deferred charges and accrued income | 490/1 | €66,685 | €89,851 | +€23,166 | +34.7% |
| Total equity and liabilities | 10/49 | €41,638,265 | €41,605,007 | -€33,259 | -0.1% |
| Equity | 10/15 | €19,817,168 | €20,390,171 | +€573,003 | +2.9% |
| Contributions | 10/11 | €16,849,839 | €16,849,839 | = | 0.0% |
| Reserves | 13 | €2,967,329 | €3,540,332 | +€573,003 | +19.3% |
| Distributable reserves | 133 | €2,967,329 | €3,540,332 | +€573,003 | +19.3% |
| Amounts payable | 17/49 | €21,821,098 | €21,214,836 | -€606,262 | -2.8% |
| Amounts payable within one year | 42/48 | €21,594,538 | €20,914,701 | -€679,837 | -3.1% |
| Financial debts | 43 | €8,119,628 | €7,059,906 | -€1.1m | -13.1% |
| Credit institutions | 430/8 | €3,546,000 | €2,656,278 | -€889,722 | -25.1% |
| Other loans | 439 | €4,573,628 | €4,403,628 | -€170,000 | -3.7% |
| Trade debts | 44 | €330,257 | €436,613 | +€106,356 | +32.2% |
| Suppliers | 440/4 | €330,257 | €436,613 | +€106,356 | +32.2% |
| Taxes, remuneration and social security | 45 | €20,600 | €54,475 | +€33,874 | +164% |
| Taxes | 450/3 | €1,811 | €40,049 | +€38,238 | +2,111% |
| Remuneration and social security | 454/9 | €18,789 | €14,426 | -€4,363 | -23.2% |
| Other amounts payable | 47/48 | €13,124,052 | €13,363,707 | +€239,655 | +1.8% |
| Accrued charges and deferred income | 492/3 | €226,560 | €300,135 | +€73,575 | +32.5% |
| Remuneration, social security and pensions | 62 | €120,486 | €110,467 | -€10,019 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,909 | €84,017 | -€892 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€54,520 | €0 | +€54,520 | |
| Other operating charges | 640/8 | €141,746 | €53,176 | -€88,570 | -62.5% |
| Non-recurring operating charges | 66A | - | €75,424 | +€75,424 | |
| Gross operating margin | 9900 | €235,424 | €530,059 | +€294,635 | +125% |
| Operating profit (loss) | 9901 | -€57,196 | €206,976 | +€264,173 | |
| Financial income | 75/76B | €670,247 | €732,156 | +€61,909 | +9.2% |
| Recurring financial income | 75 | €670,247 | €732,156 | +€61,909 | +9.2% |
| Financial charges | 65/66B | €364,415 | €362,363 | -€2,052 | -0.6% |
| Recurring financial charges | 65 | €364,415 | €362,363 | -€2,052 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €248,636 | €576,769 | +€328,134 | +132% |
| Income taxes | 67/77 | €412 | €3,766 | +€3,355 | +815% |
| Profit (loss) for the period | 9904 | €248,224 | €573,003 | +€324,779 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €248,224 | €573,003 | +€324,779 | +131% |
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 28 October 2026 via checked.be.