Starley: 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.
Starley
Largest movements
- Cash -€57,897
down €57,897 (-38.6%), from €149,976 to €92,080
mainly Contributions, distributions and other (-€189,628) and Trade debts (-€9,967)
- Reserves -€136,659
down €136,659 (-100%), from €136,659 to €0
- Other debts +€88,950
up €88,950, from €0 to €88,950
- Trade debts -€9,967
down €9,967 (-77.0%), from €12,943 to €2,976
- Gross operating margin +€13,071
up €13,071 (+23.0%), from €56,838 to €69,910
- Taxes +€2,736
up €2,736 (+24.1%), from €11,361 to €14,096
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 | €168,537 | €111,013 | -€57,524 | -34.1% |
| Fixed assets | 21/28 | €3,373 | €2,731 | -€641 | -19.0% |
| Tangible fixed assets | 22/27 | €3,373 | €2,731 | -€641 | -19.0% |
| Plant, machinery and equipment | 23 | €2,769 | €2,320 | -€449 | -16.2% |
| Other tangible fixed assets | 26 | €604 | €412 | -€192 | -31.8% |
| Current assets | 29/58 | €165,164 | €108,282 | -€56,883 | -34.4% |
| Amounts receivable within one year | 40/41 | €13,922 | €14,936 | +€1,014 | +7.3% |
| Trade receivables | 40 | €13,613 | €14,936 | +€1,323 | +9.7% |
| Other amounts receivable | 41 | €309 | €0 | -€309 | -100% |
| Cash at bank and in hand | 54/58 | €149,976 | €92,080 | -€57,897 | -38.6% |
| Deferred charges and accrued income | 490/1 | €1,266 | €1,266 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €168,537 | €111,013 | -€57,524 | -34.1% |
| Equity | 10/15 | €137,659 | €1,000 | -€136,659 | -99.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €136,659 | €0 | -€136,659 | -100% |
| Distributable reserves | 133 | €136,659 | €0 | -€136,659 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €30,878 | €110,013 | +€79,135 | +256% |
| Amounts payable within one year | 42/48 | €30,878 | €110,013 | +€79,135 | +256% |
| Trade debts | 44 | €12,943 | €2,976 | -€9,967 | -77.0% |
| Suppliers | 440/4 | €12,943 | €2,976 | -€9,967 | -77.0% |
| Taxes, remuneration and social security | 45 | €17,934 | €18,087 | +€153 | +0.9% |
| Taxes | 450/3 | €17,934 | €18,087 | +€153 | +0.9% |
| Other amounts payable | 47/48 | €0 | €88,950 | +€88,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €624 | €641 | +€17 | +2.7% |
| Other operating charges | 640/8 | €141 | €632 | +€492 | +350% |
| Gross operating margin | 9900 | €56,838 | €69,910 | +€13,071 | +23.0% |
| Operating profit (loss) | 9901 | €56,074 | €68,636 | +€12,563 | +22.4% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,084 | €1,571 | -€512 | -24.6% |
| Recurring financial charges | 65 | €2,084 | €1,571 | -€512 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €53,991 | €67,065 | +€13,074 | +24.2% |
| Income taxes | 67/77 | €11,361 | €14,096 | +€2,736 | +24.1% |
| Profit (loss) for the period | 9904 | €42,630 | €52,969 | +€10,339 | +24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,630 | €52,969 | +€10,339 | +24.3% |
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 14 October 2026 via checked.be.