STARLEADS: 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.
STARLEADS
Largest movements
- Receivables after one year -€84,724
down €84,724 (-48.7%), from €173,841 to €89,117
- Deferred charges and accrued income -€51,719
down €51,719 (-94.3%), from €54,819 to €3,100
- Short-term financial debts -€268,354
down €268,354 (-100.0%), from €268,354 to €0
- Debts after one year +€260,579
up €260,579 (+18.1%), from €1.4m to €1.7m
of which Other amounts payable: +€312,079
- Current portion of long-term debt -€153,700
down €153,700 (-74.9%), from €205,200 to €51,500
- Accrued charges and deferred income +€55,013
up €55,013 (+925.6%), from €5,944 to €60,956
- Profit (loss) carried forward -€31,159
down €31,159 (-29.4%), from -€105,897 to -€137,056
- Financial income -€53,107
down €53,107 (-94.5%), from €56,207 to €3,100
of which Non-recurring financial income: -€52,688
- Financial charges -€18,215
down €18,215 (-39.5%), from €46,133 to €27,918
of which Financial charges: -€11,301
- Gross operating margin +€958
up €958 (+15.3%), from -€6,244 to -€5,286
- Other operating charges -€337
down €337 (-24.2%), from €1,392 to €1,055
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 | €1,882,795 | €1,750,774 | -€132,021 | -7.0% |
| Fixed assets | 21/28 | €1,654,136 | €1,654,136 | = | 0.0% |
| Financial fixed assets | 28 | €1,654,136 | €1,654,136 | = | 0.0% |
| Current assets | 29/58 | €228,660 | €96,639 | -€132,021 | -57.7% |
| Amounts receivable after more than one year | 29 | €173,841 | €89,117 | -€84,724 | -48.7% |
| Other amounts receivable | 291 | €173,841 | €89,117 | -€84,724 | -48.7% |
| Cash at bank and in hand | 54/58 | - | €4,422 | +€4,422 | |
| Deferred charges and accrued income | 490/1 | €54,819 | €3,100 | -€51,719 | -94.3% |
| Total equity and liabilities | 10/49 | €1,882,795 | €1,750,774 | -€132,021 | -7.0% |
| Equity | 10/15 | -€41,897 | -€73,056 | -€31,159 | -74.4% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,897 | -€137,056 | -€31,159 | -29.4% |
| Amounts payable | 17/49 | €1,924,693 | €1,823,831 | -€100,862 | -5.2% |
| Amounts payable after more than one year | 17 | €1,439,893 | €1,700,472 | +€260,579 | +18.1% |
| Financial debts | 170/4 | €51,500 | €0 | -€51,500 | -100.0% |
| Other amounts payable | 178/9 | €1,388,393 | €1,700,472 | +€312,079 | +22.5% |
| Amounts payable within one year | 42/48 | €478,856 | €62,403 | -€416,453 | -87.0% |
| Current portion of amounts payable after more than one year | 42 | €205,200 | €51,500 | -€153,700 | -74.9% |
| Financial debts | 43 | €268,354 | €0 | -€268,354 | -100.0% |
| Credit institutions | 430/8 | €268,354 | €0 | -€268,354 | -100.0% |
| Trade debts | 44 | €5,301 | €10,902 | +€5,601 | +105.7% |
| Suppliers | 440/4 | €5,301 | €10,902 | +€5,601 | +105.7% |
| Other amounts payable | 47/48 | €1 | €1 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,944 | €60,956 | +€55,013 | +925.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,392 | €1,055 | -€337 | -24.2% |
| Non-recurring operating charges | 66A | €92 | €0 | -€92 | -100.0% |
| Gross operating margin | 9900 | -€6,244 | -€5,286 | +€958 | +15.3% |
| Operating profit (loss) | 9901 | -€7,728 | -€6,341 | +€1,387 | +17.9% |
| Financial income | 75/76B | €56,207 | €3,100 | -€53,107 | -94.5% |
| Recurring financial income | 75 | €3,519 | €3,100 | -€419 | -11.9% |
| Non-recurring financial income | 76B | €52,688 | €0 | -€52,688 | -100.0% |
| Financial charges | 65/66B | €46,133 | €27,918 | -€18,215 | -39.5% |
| Recurring financial charges | 65 | €39,219 | €27,918 | -€11,301 | -28.8% |
| Non-recurring financial charges | 66B | €6,913 | €0 | -€6,913 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €2,346 | -€31,159 | -€33,505 | |
| Profit (loss) for the period | 9904 | €2,346 | -€31,159 | -€33,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,346 | -€31,159 | -€33,505 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.