Starling: 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.
Starling
Largest movements
- Receivables within one year -€28,668
down €28,668 (-94.2%), from €30,423 to €1,755
of which Trade receivables: -€25,640
- Deferred charges and accrued income +€5,054
up €5,054 (+2820.4%), from €179 to €5,234
- Tangible fixed assets -€4,693
down €4,693 (-31.6%), from €14,856 to €10,163
of which Furniture and vehicles: -€3,868
- Cash -€2,486
down €2,486 (-53.0%), from €4,689 to €2,203
mainly Net result for the year (-€28,798) and Deferred charges and accrued income (-€5,054)
- Reserves -€28,710
down €28,710 (-77.2%), from €37,200 to €8,490
- Tax, wage and social debts -€2,652
down €2,652 (-26.6%), from €9,973 to €7,320
- Trade debts +€657
up €657 (+22.8%), from €2,881 to €3,538
- Gross operating margin -€7,567
down €7,567 (-54.3%), from €13,927 to €6,360
- Taxes -€1,474
down €1,474 (-88.4%), from €1,667 to €193
- Other operating charges +€947
up €947 (+197.4%), from €480 to €1,427
- Financial charges -€545
down €545 (-22.4%), from €2,428 to €1,883
- Depreciation +€224
up €224 (+5.0%), from €4,469 to €4,693
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.
Cash bridge derived
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 | €50,148 | €19,355 | -€30,793 | -61.4% |
| Fixed assets | 21/28 | €14,856 | €10,163 | -€4,693 | -31.6% |
| Tangible fixed assets | 22/27 | €14,856 | €10,163 | -€4,693 | -31.6% |
| Plant, machinery and equipment | 23 | €2,008 | €1,182 | -€826 | -41.1% |
| Furniture and vehicles | 24 | €12,848 | €8,981 | -€3,868 | -30.1% |
| Current assets | 29/58 | €35,292 | €9,192 | -€26,100 | -74.0% |
| Amounts receivable within one year | 40/41 | €30,423 | €1,755 | -€28,668 | -94.2% |
| Trade receivables | 40 | €26,962 | €1,321 | -€25,640 | -95.1% |
| Other amounts receivable | 41 | €3,462 | €434 | -€3,028 | -87.5% |
| Cash at bank and in hand | 54/58 | €4,689 | €2,203 | -€2,486 | -53.0% |
| Deferred charges and accrued income | 490/1 | €179 | €5,234 | +€5,054 | +2820.4% |
| Total equity and liabilities | 10/49 | €50,148 | €19,355 | -€30,793 | -61.4% |
| Equity | 10/15 | €37,294 | €8,496 | -€28,798 | -77.2% |
| Contributions | 10/11 | €2 | €2 | = | 0.0% |
| Reserves | 13 | €37,200 | €8,490 | -€28,710 | -77.2% |
| Distributable reserves | 133 | €37,200 | €8,490 | -€28,710 | -77.2% |
| Profit (loss) carried forward | 14 | €92 | €4 | -€88 | -95.7% |
| Amounts payable | 17/49 | €12,854 | €10,859 | -€1,995 | -15.5% |
| Amounts payable within one year | 42/48 | €12,854 | €10,859 | -€1,995 | -15.5% |
| Trade debts | 44 | €2,881 | €3,538 | +€657 | +22.8% |
| Suppliers | 440/4 | €2,881 | €3,538 | +€657 | +22.8% |
| Taxes, remuneration and social security | 45 | €9,973 | €7,320 | -€2,652 | -26.6% |
| Taxes | 450/3 | €9,973 | €7,320 | -€2,652 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | €4,693 | +€224 | +5.0% |
| Other operating charges | 640/8 | €480 | €1,427 | +€947 | +197.4% |
| Non-recurring operating charges | 66A | - | €26,962 | +€26,962 | |
| Gross operating margin | 9900 | €13,927 | €6,360 | -€7,567 | -54.3% |
| Operating profit (loss) | 9901 | €8,978 | -€26,723 | -€35,700 | |
| Financial income | 75/76B | €102 | €0 | -€102 | -99.8% |
| Recurring financial income | 75 | €102 | €0 | -€102 | -99.8% |
| Financial charges | 65/66B | €2,428 | €1,883 | -€545 | -22.4% |
| Recurring financial charges | 65 | €2,428 | €1,883 | -€545 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €6,652 | -€28,605 | -€35,258 | |
| Income taxes | 67/77 | €1,667 | €193 | -€1,474 | -88.4% |
| Profit (loss) for the period | 9904 | €4,986 | -€28,798 | -€33,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,986 | -€28,798 | -€33,784 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.