STARK VN: 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 VN
Largest movements
- Tangible fixed assets +€7,244
new in 2025: €7,244
- Cash +€4,031
up €4,031 (+13.3%), from €30,335 to €34,366
mainly Net result for the year (+€16,352) and Depreciation (+€1,173)
- Receivables within one year -€915
down €915 (-9.4%), from €9,781 to €8,865
of which Trade receivables: -€923
- Reserves +€15,677
up €15,677 (+91.4%), from €17,160 to €32,837
- Trade debts -€2,487
down €2,487 (-78.0%), from €3,188 to €701
- Tax, wage and social debts -€1,394
down €1,394 (-15.2%), from €9,178 to €7,784
of which Taxes: -€719
- Accrued charges and deferred income -€753
down €753 (-26.9%), from €2,803 to €2,049
- Financial charges +€1,118
up €1,118 (+297.5%), from €376 to €1,493
- Gross operating margin -€763
down €763 (-3.0%), from €25,221 to €24,458
- Depreciation -€751
down €751 (-39.1%), from €1,924 to €1,173
- Taxes +€256
up €256 (+5.6%), from €4,612 to €4,868
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,116 | €52,826 | +€10,711 | +25.4% |
| Fixed assets | 21/28 | €2,000 | €9,244 | +€7,244 | +362.2% |
| Tangible fixed assets | 22/27 | - | €7,244 | +€7,244 | |
| Furniture and vehicles | 24 | - | €7,244 | +€7,244 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €40,116 | €43,582 | +€3,467 | +8.6% |
| Amounts receivable within one year | 40/41 | €9,781 | €8,865 | -€915 | -9.4% |
| Trade receivables | 40 | €9,393 | €8,470 | -€923 | -9.8% |
| Other amounts receivable | 41 | €388 | €395 | +€7 | +1.9% |
| Cash at bank and in hand | 54/58 | €30,335 | €34,366 | +€4,031 | +13.3% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €42,116 | €52,826 | +€10,711 | +25.4% |
| Equity | 10/15 | €18,160 | €33,837 | +€15,677 | +86.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,160 | €32,837 | +€15,677 | +91.4% |
| Distributable reserves | 133 | €17,160 | €32,837 | +€15,677 | +91.4% |
| Amounts payable | 17/49 | €23,955 | €18,989 | -€4,966 | -20.7% |
| Amounts payable within one year | 42/48 | €21,152 | €16,940 | -€4,213 | -19.9% |
| Trade debts | 44 | €3,188 | €701 | -€2,487 | -78.0% |
| Suppliers | 440/4 | €3,188 | €701 | -€2,487 | -78.0% |
| Taxes, remuneration and social security | 45 | €9,178 | €7,784 | -€1,394 | -15.2% |
| Taxes | 450/3 | €5,678 | €4,959 | -€719 | -12.7% |
| Remuneration and social security | 454/9 | €3,500 | €2,825 | -€675 | -19.3% |
| Other amounts payable | 47/48 | €8,786 | €8,455 | -€331 | -3.8% |
| Accrued charges and deferred income | 492/3 | €2,803 | €2,049 | -€753 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,924 | €1,173 | -€751 | -39.1% |
| Other operating charges | 640/8 | €524 | €572 | +€48 | +9.3% |
| Gross operating margin | 9900 | €25,221 | €24,458 | -€763 | -3.0% |
| Operating profit (loss) | 9901 | €22,773 | €22,713 | -€60 | -0.3% |
| Financial charges | 65/66B | €376 | €1,493 | +€1,118 | +297.5% |
| Recurring financial charges | 65 | €376 | €1,493 | +€1,118 | +297.5% |
| Profit (loss) for the period before taxes | 9903 | €22,397 | €21,220 | -€1,177 | -5.3% |
| Income taxes | 67/77 | €4,612 | €4,868 | +€256 | +5.6% |
| Profit (loss) for the period | 9904 | €17,785 | €16,352 | -€1,434 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,785 | €16,352 | -€1,434 | -8.1% |
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 9 October 2026 via checked.be.