Starlette & Co: 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.
Starlette & Co
Largest movements
- Cash -€120,251
down €120,251 (-56.6%), from €212,524 to €92,272
mainly Investment in fixed assets (net) (-€157,295) and Stocks and contracts (-€110,035)
- Stocks and contracts +€110,035
up €110,035 (+10.3%), from €1.1m to €1.2m
- Tangible fixed assets +€72,114
up €72,114 (+19.6%), from €368,188 to €440,302
of which Land and buildings: +€42,747
- Reserves +€82,755
up €82,755 (+11.5%), from €718,107 to €800,862
of which Distributable reserves: +€120,255
- Current portion of long-term debt -€21,335
down €21,335 (-73.0%), from €29,241 to €7,907
- Gross operating margin +€172,989
up €172,989 (+140.1%), from €123,476 to €296,464
- Staff costs +€17,755
up €17,755 (+21.4%), from €82,829 to €100,584
- Other operating charges +€8,563
up €8,563 (+602.0%), from €1,422 to €9,985
- Depreciation +€8,418
up €8,418 (+11.0%), from €76,763 to €85,180
- Taxes +€8,275
new in 2024: €8,275
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 | €1,656,662 | €1,717,158 | +€60,496 | +3.7% |
| Fixed assets | 21/28 | €368,188 | €440,302 | +€72,114 | +19.6% |
| Tangible fixed assets | 22/27 | €368,188 | €440,302 | +€72,114 | +19.6% |
| Land and buildings | 22 | €366,124 | €408,871 | +€42,747 | +11.7% |
| Plant, machinery and equipment | 23 | €442 | €27,995 | +€27,554 | +6238.5% |
| Furniture and vehicles | 24 | €1,622 | €3,436 | +€1,814 | +111.8% |
| Current assets | 29/58 | €1,288,474 | €1,276,855 | -€11,618 | -0.9% |
| Stocks and contracts in progress | 3 | €1,065,202 | €1,175,237 | +€110,035 | +10.3% |
| Stocks | 30/36 | €1,065,202 | €1,175,237 | +€110,035 | +10.3% |
| Amounts receivable within one year | 40/41 | €10,748 | €8,882 | -€1,866 | -17.4% |
| Other amounts receivable | 41 | €10,748 | €8,882 | -€1,866 | -17.4% |
| Cash at bank and in hand | 54/58 | €212,524 | €92,272 | -€120,251 | -56.6% |
| Deferred charges and accrued income | 490/1 | - | €464 | +€464 | |
| Total equity and liabilities | 10/49 | €1,656,662 | €1,717,158 | +€60,496 | +3.7% |
| Equity | 10/15 | €973,107 | €1,055,862 | +€82,755 | +8.5% |
| Contributions | 10/11 | €255,000 | €255,000 | = | 0.0% |
| Reserves | 13 | €718,107 | €800,862 | +€82,755 | +11.5% |
| Non-distributable reserves | 130/1 | €37,500 | - | -€37,500 | |
| Reserves not available under the articles | 1311 | €37,500 | - | -€37,500 | |
| Distributable reserves | 133 | €680,607 | €800,862 | +€120,255 | +17.7% |
| Amounts payable | 17/49 | €683,555 | €661,296 | -€22,259 | -3.3% |
| Amounts payable after more than one year | 17 | €582,907 | €575,000 | -€7,907 | -1.4% |
| Financial debts | 170/4 | €7,907 | - | -€7,907 | |
| Other amounts payable | 178/9 | €575,000 | €575,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,680 | €86,296 | -€10,384 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €29,241 | €7,907 | -€21,335 | -73.0% |
| Trade debts | 44 | €26,161 | €29,344 | +€3,184 | +12.2% |
| Suppliers | 440/4 | €26,161 | €29,344 | +€3,184 | +12.2% |
| Taxes, remuneration and social security | 45 | €16,612 | €24,539 | +€7,928 | +47.7% |
| Taxes | 450/3 | €3,709 | €8,892 | +€5,183 | +139.8% |
| Remuneration and social security | 454/9 | €12,903 | €15,648 | +€2,745 | +21.3% |
| Other amounts payable | 47/48 | €24,666 | €24,506 | -€161 | -0.7% |
| Accrued charges and deferred income | 492/3 | €3,968 | - | -€3,968 | |
| Remuneration, social security and pensions | 62 | €82,829 | €100,584 | +€17,755 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,763 | €85,180 | +€8,418 | +11.0% |
| Other operating charges | 640/8 | €1,422 | €9,985 | +€8,563 | +602.0% |
| Gross operating margin | 9900 | €123,476 | €296,464 | +€172,989 | +140.1% |
| Operating profit (loss) | 9901 | -€37,538 | €100,715 | +€138,254 | |
| Financial income | 75/76B | €1 | €41 | +€39 | +2865.0% |
| Recurring financial income | 75 | €1 | €41 | +€39 | +2865.0% |
| Financial charges | 65/66B | €10,352 | €9,726 | -€626 | -6.0% |
| Recurring financial charges | 65 | €10,352 | €9,726 | -€626 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,889 | €91,030 | +€138,919 | |
| Income taxes | 67/77 | - | €8,275 | +€8,275 | |
| Profit (loss) for the period | 9904 | -€47,889 | €82,755 | +€130,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,889 | €82,755 | +€130,643 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.