Starlight Management: 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.
Starlight Management
Largest movements
- Cash -€24,184
down €24,184 (-11.1%), from €218,840 to €194,656
mainly Debts after one year (-€24,669) and Net result for the year (-€11,646)
- Tangible fixed assets -€11,731
down €11,731 (-6.8%), from €171,621 to €159,890
- Debts after one year -€24,669
down €24,669 (-12.1%), from €204,489 to €179,820
- Profit (loss) carried forward -€11,646
down €11,646 (-10.2%), from €113,677 to €102,031
- Gross operating margin +€13,194
up €13,194, from -€5,817 to €7,377
- Other operating charges -€130
down €130 (-1.8%), from €7,368 to €7,238
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 | €390,466 | €354,551 | -€35,915 | -9.2% |
| Fixed assets | 21/28 | €171,626 | €159,895 | -€11,731 | -6.8% |
| Tangible fixed assets | 22/27 | €171,621 | €159,890 | -€11,731 | -6.8% |
| Land and buildings | 22 | €171,621 | €159,890 | -€11,731 | -6.8% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €218,840 | €194,656 | -€24,184 | -11.1% |
| Cash at bank and in hand | 54/58 | €218,840 | €194,656 | -€24,184 | -11.1% |
| Total equity and liabilities | 10/49 | €390,466 | €354,551 | -€35,915 | -9.2% |
| Equity | 10/15 | €181,877 | €170,231 | -€11,646 | -6.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,677 | €102,031 | -€11,646 | -10.2% |
| Amounts payable | 17/49 | €208,589 | €184,320 | -€24,269 | -11.6% |
| Amounts payable after more than one year | 17 | €204,489 | €179,820 | -€24,669 | -12.1% |
| Other amounts payable | 178/9 | €204,489 | €179,820 | -€24,669 | -12.1% |
| Amounts payable within one year | 42/48 | €4,100 | €4,500 | +€400 | +9.8% |
| Trade debts | 44 | €4,100 | €4,500 | +€400 | +9.8% |
| Suppliers | 440/4 | €4,100 | €4,500 | +€400 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,731 | €11,731 | = | 0.0% |
| Other operating charges | 640/8 | €7,368 | €7,238 | -€130 | -1.8% |
| Gross operating margin | 9900 | -€5,817 | €7,377 | +€13,194 | |
| Operating profit (loss) | 9901 | -€24,916 | -€11,592 | +€13,324 | +53.5% |
| Financial charges | 65/66B | €45 | €54 | +€9 | +19.4% |
| Recurring financial charges | 65 | €45 | €54 | +€9 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,961 | -€11,646 | +€13,316 | +53.3% |
| Profit (loss) for the period | 9904 | -€24,961 | -€11,646 | +€13,316 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,961 | -€11,646 | +€13,316 | +53.3% |
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 20 October 2026 via checked.be.