STARK: 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
STARK
NACE 69.101, Activities of lawyers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€147,611
2024 · -€73,828-€73,782
Equity
€3.0m
2024 · €3.3m-€251,758
Cash
€85,164
2024 · €112,094-€26,931
Balance sheet total
€5.2m
2024 · €4.7m+€585,743
Largest movements
Assets
- Tangible fixed assets +€544,269
up €544,269 (+15.5%), from €3.5m to €4.1m
of which Leasing and similar rights: +€588,689
- Receivables within one year +€324,276
up €324,276 (+43.3%), from €749,362 to €1.1m
of which Trade receivables: +€660,932
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Deferred charges and accrued income -€55,872
down €55,872 (-92.5%), from €60,402 to €4,530
Equity and liabilities
- Other debts +€628,184
up €628,184 (+5017.5%), from €12,520 to €640,703
- Trade debts +€330,420
up €330,420 (+493.2%), from €66,991 to €397,411
- Reserves -€249,900
down €249,900 (-7.6%), from €3.3m to €3.0m
of which Tax-exempt reserves: -€145,752
- Debts after one year -€74,363
down €74,363 (-22.1%), from €335,894 to €261,531
Income statement
- Gross operating margin -€99,592
down €99,592 (-45.6%), from €218,446 to €118,854
- Write-downs -€77,403
down €77,403, from €51,020 to -€26,382
- Financial charges +€23,743
up €23,743 (+316.7%), from €7,497 to €31,240
- Other operating charges +€22,156
up €22,156 (+154.2%), from €14,369 to €36,525
- Depreciation +€18,277
up €18,277 (+8.3%), from €220,597 to €238,874
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
-€73,828
Gross operating margin
-€99,592
Staff costs
+€141
Depreciation
-€18,277
Write-downs
+€77,403
Other operating charges
-€22,156
Other operating items
-€954
Financial income
+€1,591
Financial charges
-€23,743
Taxes
+€5,575
Deferred taxes and other
+€6,230
Result 2025
-€147,611
Cash bridge derived
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
+€744,458
Investment
-€583,143
Financing
-€188,245
Cash 2024
€112,094
From operations (derived)
+€744,458
Net result for the year
-€147,611
Depreciation
+€238,874
Receivables within one year
-€324,276
Deferred charges and accrued income
+€55,872
Provisions
-€48,584
Trade debts
+€330,420
Tax, wage and social debts
-€2,162
Advances received
-€8,557
Other debts
+€628,184
Accrued charges and deferred income
+€22,299
Investment (derived)
-€583,143
Investment in fixed assets (net)
-€783,143
Current investments
+€200,000
Financing
-€188,245
Debts after one year
-€74,363
Current portion of long-term debt
-€9,735
Contributions, distributions and other
-€104,148
Cash 2025
€85,164
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,650,985 | €5,236,727 | +€585,743 | +12.6% |
| Fixed assets | 21/28 | €3,529,127 | €4,073,396 | +€544,269 | +15.4% |
| Tangible fixed assets | 22/27 | €3,516,703 | €4,060,972 | +€544,269 | +15.5% |
| Land and buildings | 22 | €1,711,620 | €1,669,224 | -€42,395 | -2.5% |
| Plant, machinery and equipment | 23 | - | €12,730 | +€12,730 | |
| Furniture and vehicles | 24 | €186,409 | €172,608 | -€13,801 | -7.4% |
| Leasing and similar rights | 25 | €1,608,720 | €2,197,409 | +€588,689 | +36.6% |
| Other tangible fixed assets | 26 | €9,954 | €9,000 | -€954 | -9.6% |
| Financial fixed assets | 28 | €12,424 | €12,424 | = | 0.0% |
| Current assets | 29/58 | €1,121,857 | €1,163,331 | +€41,474 | +3.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €749,362 | €1,073,637 | +€324,276 | +43.3% |
| Trade receivables | 40 | €379,422 | €1,040,354 | +€660,932 | +174.2% |
| Other amounts receivable | 41 | €369,939 | €33,284 | -€336,656 | -91.0% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €112,094 | €85,164 | -€26,931 | -24.0% |
| Deferred charges and accrued income | 490/1 | €60,402 | €4,530 | -€55,872 | -92.5% |
| Total equity and liabilities | 10/49 | €4,650,985 | €5,236,727 | +€585,743 | +12.6% |
| Equity | 10/15 | €3,255,059 | €3,003,300 | -€251,758 | -7.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €3,282,639 | €3,032,739 | -€249,900 | -7.6% |
| Non-distributable reserves | 130/1 | €11,700 | €11,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,700 | €11,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,570,939 | €2,425,187 | -€145,752 | -5.7% |
| Distributable reserves | 133 | €700,000 | €595,852 | -€104,148 | -14.9% |
| Profit (loss) carried forward | 14 | -€28,580 | -€30,439 | -€1,859 | -6.5% |
| Provisions and deferred taxes | 16 | €856,980 | €808,396 | -€48,584 | -5.7% |
| Deferred taxes | 168 | €856,980 | €808,396 | -€48,584 | -5.7% |
| Amounts payable | 17/49 | €538,946 | €1,425,031 | +€886,085 | +164.4% |
| Amounts payable after more than one year | 17 | €335,894 | €261,531 | -€74,363 | -22.1% |
| Financial debts | 170/4 | €335,894 | €261,531 | -€74,363 | -22.1% |
| Amounts payable within one year | 42/48 | €203,052 | €1,141,202 | +€938,149 | +462.0% |
| Current portion of amounts payable after more than one year | 42 | €84,098 | €74,363 | -€9,735 | -11.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €66,991 | €397,411 | +€330,420 | +493.2% |
| Suppliers | 440/4 | €66,991 | €397,411 | +€330,420 | +493.2% |
| Advances received on contracts in progress | 46 | €9,016 | €458 | -€8,557 | -94.9% |
| Taxes, remuneration and social security | 45 | €30,428 | €28,266 | -€2,162 | -7.1% |
| Taxes | 450/3 | €30,428 | €28,266 | -€2,162 | -7.1% |
| Other amounts payable | 47/48 | €12,520 | €640,703 | +€628,184 | +5017.5% |
| Accrued charges and deferred income | 492/3 | €0 | €22,299 | +€22,299 | |
| Remuneration, social security and pensions | 62 | €141 | €0 | -€141 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,597 | €238,874 | +€18,277 | +8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €51,020 | -€26,382 | -€77,403 | |
| Other operating charges | 640/8 | €14,369 | €36,525 | +€22,156 | +154.2% |
| Non-recurring operating charges | 66A | €0 | €954 | +€954 | |
| Gross operating margin | 9900 | €218,446 | €118,854 | -€99,592 | -45.6% |
| Operating profit (loss) | 9901 | -€67,681 | -€131,115 | -€63,434 | -93.7% |
| Financial income | 75/76B | €219 | €1,810 | +€1,591 | +724.7% |
| Recurring financial income | 75 | €219 | €1,810 | +€1,591 | +724.7% |
| Financial charges | 65/66B | €7,497 | €31,240 | +€23,743 | +316.7% |
| Recurring financial charges | 65 | €7,497 | €31,240 | +€23,743 | +316.7% |
| Profit (loss) for the period before taxes | 9903 | -€74,958 | -€160,545 | -€85,587 | -114.2% |
| Transfer from deferred taxes | 780 | €42,354 | €48,584 | +€6,230 | +14.7% |
| Income taxes | 67/77 | €41,224 | €35,650 | -€5,575 | -13.5% |
| Profit (loss) for the period | 9904 | -€73,828 | -€147,611 | -€73,782 | -99.9% |
| Transfer from tax-exempt reserves | 789 | €127,063 | €145,752 | +€18,689 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,235 | -€1,859 | -€55,093 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.