starkInvest: 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.
starkInvest
Largest movements
- Current investments -€32,778
down €32,778 (-93.6%), from €35,011 to €2,233
- Tangible fixed assets -€23,355
down €23,355 (-8.3%), from €281,258 to €257,903
- Cash -€13,906
down €13,906 (-84.9%), from €16,388 to €2,482
mainly Net result for the year (-€51,795) and Investment in fixed assets (net) (-€40,506)
- Profit (loss) carried forward -€51,795
down €51,795 (-343%), from -€15,110 to -€66,905
- Debts after one year -€18,946
down €18,946 (-11.1%), from €171,147 to €152,201
- Tax, wage and social debts +€4,848
up €4,848 (+170%), from €2,852 to €7,699
of which Remuneration and social security: +€4,159
- Gross operating margin -€23,161
down €23,161 (-24.8%), from €93,222 to €70,061
- Staff costs +€12,147
up €12,147 (+83.1%), from €14,624 to €26,771
- Taxes -€1,197
down €1,197 (-83.2%), from €1,438 to €241
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 | €362,186 | €293,942 | -€68,244 | -18.8% |
| Fixed assets | 21/28 | €281,258 | €257,903 | -€23,355 | -8.3% |
| Tangible fixed assets | 22/27 | €281,258 | €257,903 | -€23,355 | -8.3% |
| Land and buildings | 22 | €188,983 | €179,024 | -€9,959 | -5.3% |
| Plant, machinery and equipment | 23 | €76,590 | €70,148 | -€6,442 | -8.4% |
| Furniture and vehicles | 24 | €15,686 | €8,731 | -€6,954 | -44.3% |
| Current assets | 29/58 | €80,927 | €36,039 | -€44,889 | -55.5% |
| Amounts receivable within one year | 40/41 | €29,528 | €31,324 | +€1,796 | +6.1% |
| Trade receivables | 40 | €25,521 | €26,759 | +€1,238 | +4.9% |
| Other amounts receivable | 41 | €4,007 | €4,565 | +€558 | +13.9% |
| Current investments | 50/53 | €35,011 | €2,233 | -€32,778 | -93.6% |
| Cash at bank and in hand | 54/58 | €16,388 | €2,482 | -€13,906 | -84.9% |
| Total equity and liabilities | 10/49 | €362,186 | €293,942 | -€68,244 | -18.8% |
| Equity | 10/15 | €105,322 | €53,527 | -€51,795 | -49.2% |
| Contributions | 10/11 | €7,960 | €7,960 | = | 0.0% |
| Reserves | 13 | €112,473 | €112,473 | = | 0.0% |
| Distributable reserves | 133 | €112,473 | €112,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,110 | -€66,905 | -€51,795 | -343% |
| Amounts payable | 17/49 | €256,863 | €240,414 | -€16,449 | -6.4% |
| Amounts payable after more than one year | 17 | €171,147 | €152,201 | -€18,946 | -11.1% |
| Financial debts | 170/4 | €171,147 | €152,201 | -€18,946 | -11.1% |
| Amounts payable within one year | 42/48 | €85,717 | €88,213 | +€2,497 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €28,447 | €26,127 | -€2,320 | -8.2% |
| Trade debts | 44 | €9,609 | €11,037 | +€1,427 | +14.9% |
| Suppliers | 440/4 | €9,609 | €11,037 | +€1,427 | +14.9% |
| Taxes, remuneration and social security | 45 | €2,852 | €7,699 | +€4,848 | +170% |
| Taxes | 450/3 | €1,350 | €2,038 | +€688 | +51.0% |
| Remuneration and social security | 454/9 | €1,502 | €5,661 | +€4,159 | +277% |
| Other amounts payable | 47/48 | €44,808 | €43,350 | -€1,459 | -3.3% |
| Remuneration, social security and pensions | 62 | €14,624 | €26,771 | +€12,147 | +83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,386 | €63,862 | -€524 | -0.8% |
| Other operating charges | 640/8 | €2,879 | €2,439 | -€440 | -15.3% |
| Non-recurring operating charges | 66A | - | €20,929 | +€20,929 | |
| Gross operating margin | 9900 | €93,222 | €70,061 | -€23,161 | -24.8% |
| Operating profit (loss) | 9901 | €11,334 | -€43,940 | -€55,273 | |
| Financial income | 75/76B | €314 | €466 | +€152 | +48.3% |
| Recurring financial income | 75 | €314 | €466 | +€152 | +48.3% |
| Financial charges | 65/66B | €8,783 | €8,080 | -€703 | -8.0% |
| Recurring financial charges | 65 | €8,783 | €8,080 | -€703 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €2,865 | -€51,554 | -€54,418 | |
| Income taxes | 67/77 | €1,438 | €241 | -€1,197 | -83.2% |
| Profit (loss) for the period | 9904 | €1,427 | -€51,795 | -€53,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,427 | -€51,795 | -€53,221 |
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 15 October 2026 via checked.be.