STARK: 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.
STARK
Largest movements
- Tangible fixed assets -€1,455
down €1,455 (-2.9%), from €49,374 to €47,920
of which Land and buildings: -€1,236
- Cash -€1,082
down €1,082 (-59.7%), from €1,811 to €729
mainly Debts after one year (-€3,650) and Trade debts (-€660)
- Debts after one year -€3,650
down €3,650 (-11.4%), from €32,022 to €28,372
- Profit (loss) carried forward +€1,707
up €1,707 (+133.3%), from €1,281 to €2,988
- Trade debts -€660
down €660 (-87.9%), from €751 to €91
- Gross operating margin -€1,766
down €1,766 (-24.0%), from €7,349 to €5,582
- Depreciation -€1,503
down €1,503 (-50.8%), from €2,957 to €1,455
- Financial charges -€714
down €714 (-31.1%), from €2,292 to €1,578
- Taxes +€200
up €200 (+88.3%), from €227 to €427
- Other operating charges -€177
down €177 (-29.8%), from €592 to €415
From the 2023 result to the 2024 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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,239 | €48,705 | -€2,534 | -4.9% |
| Fixed assets | 21/28 | €49,374 | €47,920 | -€1,455 | -2.9% |
| Tangible fixed assets | 22/27 | €49,374 | €47,920 | -€1,455 | -2.9% |
| Land and buildings | 22 | €46,270 | €45,034 | -€1,236 | -2.7% |
| Plant, machinery and equipment | 23 | €3,105 | €2,886 | -€218 | -7.0% |
| Current assets | 29/58 | €1,864 | €785 | -€1,079 | -57.9% |
| Cash at bank and in hand | 54/58 | €1,811 | €729 | -€1,082 | -59.7% |
| Deferred charges and accrued income | 490/1 | €54 | €56 | +€2 | +4.5% |
| Total equity and liabilities | 10/49 | €51,239 | €48,705 | -€2,534 | -4.9% |
| Equity | 10/15 | €6,281 | €7,988 | +€1,707 | +27.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,281 | €2,988 | +€1,707 | +133.3% |
| Amounts payable | 17/49 | €44,958 | €40,717 | -€4,241 | -9.4% |
| Amounts payable after more than one year | 17 | €32,022 | €28,372 | -€3,650 | -11.4% |
| Financial debts | 170/4 | €32,022 | €28,372 | -€3,650 | -11.4% |
| Amounts payable within one year | 42/48 | €12,664 | €12,345 | -€319 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €4,759 | €4,900 | +€141 | +3.0% |
| Trade debts | 44 | €751 | €91 | -€660 | -87.9% |
| Suppliers | 440/4 | €751 | €91 | -€660 | -87.9% |
| Taxes, remuneration and social security | 45 | €227 | €427 | +€200 | +88.3% |
| Taxes | 450/3 | €227 | €427 | +€200 | +88.3% |
| Other amounts payable | 47/48 | €6,928 | €6,928 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €272 | - | -€272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,957 | €1,455 | -€1,503 | -50.8% |
| Other operating charges | 640/8 | €592 | €415 | -€177 | -29.8% |
| Gross operating margin | 9900 | €7,349 | €5,582 | -€1,766 | -24.0% |
| Operating profit (loss) | 9901 | €3,800 | €3,712 | -€87 | -2.3% |
| Financial charges | 65/66B | €2,292 | €1,578 | -€714 | -31.1% |
| Recurring financial charges | 65 | €2,292 | €1,578 | -€714 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €1,508 | €2,134 | +€626 | +41.6% |
| Income taxes | 67/77 | €227 | €427 | +€200 | +88.3% |
| Profit (loss) for the period | 9904 | €1,281 | €1,707 | +€426 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,281 | €1,707 | +€426 | +33.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.