STARK BUILDING: 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 BUILDING
Largest movements
- Cash +€97,756
up €97,756 (+353%), from €27,691 to €125,447
mainly Accrued charges and deferred income (+€100,000) and Debts after one year (+€32,265)
- Tangible fixed assets +€66,391
new in 2025: €66,391
- Receivables within one year +€54,877
up €54,877 (+435%), from €12,623 to €67,500
of which Trade receivables: +€54,877
- Accrued charges and deferred income +€100,000
new in 2025: €100,000
- Debts after one year +€32,265
new in 2025: €32,265
- Trade debts +€30,840
up €30,840 (+5,608%), from €550 to €31,390
- Reserves +€19,803
up €19,803 (+60.7%), from €32,623 to €52,425
- Tax, wage and social debts +€16,717
up €16,717 (+4,535%), from €369 to €17,086
- Depreciation +€16,484
new in 2025: €16,484
- Gross operating margin +€9,355
up €9,355 (+25.4%), from €36,801 to €46,155
- Taxes +€7,269
new in 2025: €7,269
- Financial charges +€1,778
up €1,778 (+1,741%), from €102 to €1,880
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,314 | €261,438 | +€221,124 | +549% |
| Fixed assets | 21/28 | - | €66,391 | +€66,391 | |
| Tangible fixed assets | 22/27 | - | €66,391 | +€66,391 | |
| Furniture and vehicles | 24 | - | €66,391 | +€66,391 | |
| Current assets | 29/58 | €40,314 | €195,047 | +€154,733 | +384% |
| Amounts receivable within one year | 40/41 | €12,623 | €67,500 | +€54,877 | +435% |
| Trade receivables | 40 | €7,623 | €62,500 | +€54,877 | +720% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,691 | €125,447 | +€97,756 | +353% |
| Deferred charges and accrued income | 490/1 | - | €2,100 | +€2,100 | |
| Total equity and liabilities | 10/49 | €40,314 | €261,438 | +€221,124 | +549% |
| Equity | 10/15 | €38,823 | €58,625 | +€19,803 | +51.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,623 | €52,425 | +€19,803 | +60.7% |
| Distributable reserves | 133 | €32,623 | €52,425 | +€19,803 | +60.7% |
| Amounts payable | 17/49 | €1,491 | €202,812 | +€201,321 | +13,502% |
| Amounts payable after more than one year | 17 | - | €32,265 | +€32,265 | |
| Financial debts | 170/4 | - | €32,265 | +€32,265 | |
| Amounts payable within one year | 42/48 | €1,491 | €70,547 | +€69,056 | +4,632% |
| Current portion of amounts payable after more than one year | 42 | - | €14,695 | +€14,695 | |
| Trade debts | 44 | €550 | €31,390 | +€30,840 | +5,608% |
| Suppliers | 440/4 | €550 | €31,390 | +€30,840 | +5,608% |
| Taxes, remuneration and social security | 45 | €369 | €17,086 | +€16,717 | +4,535% |
| Taxes | 450/3 | €369 | €17,086 | +€16,717 | +4,535% |
| Other amounts payable | 47/48 | €572 | €7,376 | +€6,803 | +1,189% |
| Accrued charges and deferred income | 492/3 | - | €100,000 | +€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16,484 | +€16,484 | |
| Other operating charges | 640/8 | €607 | €720 | +€113 | +18.6% |
| Gross operating margin | 9900 | €36,801 | €46,155 | +€9,355 | +25.4% |
| Operating profit (loss) | 9901 | €36,194 | €28,951 | -€7,243 | -20.0% |
| Financial charges | 65/66B | €102 | €1,880 | +€1,778 | +1,741% |
| Recurring financial charges | 65 | €102 | €1,880 | +€1,778 | +1,741% |
| Profit (loss) for the period before taxes | 9903 | €36,091 | €27,071 | -€9,020 | -25.0% |
| Income taxes | 67/77 | - | €7,269 | +€7,269 | |
| Profit (loss) for the period | 9904 | €36,091 | €19,803 | -€16,289 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,091 | €19,803 | -€16,289 | -45.1% |
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 16 October 2026 via checked.be.