Starling Reizen: 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.
Starling Reizen
Largest movements
- Deferred charges and accrued income -€620,657
down €620,657 (-42.8%), from €1.5m to €829,768
- Cash -€550,807
down €550,807 (-43.7%), from €1.3m to €708,626
mainly Advances received (-€829,160) and Trade debts (-€393,954)
- Tangible fixed assets +€134,852
up €134,852 (+129%), from €104,676 to €239,528
of which Land and buildings: +€99,383
- Advances received -€829,160
down €829,160 (-48.4%), from €1.7m to €885,488
- Trade debts -€393,954
down €393,954 (-42.5%), from €926,605 to €532,651
- Reserves +€205,270
up €205,270 (+134%), from €153,754 to €359,025
of which Distributable reserves: +€205,270
- Gross operating margin +€216,967
up €216,967 (+94.4%), from €229,868 to €446,835
- Staff costs +€68,285
up €68,285 (+79.3%), from €86,076 to €154,361
- Taxes +€48,784
up €48,784 (+319%), from €15,295 to €64,078
- Financial income +€20,679
up €20,679 (+568%), from €3,643 to €24,322
- Financial charges -€11,031
down €11,031 (-52.8%), from €20,909 to €9,877
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.
Derived cash bridge
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 | €2,887,739 | €1,855,505 | -€1.0m | -35.7% |
| Fixed assets | 21/28 | €129,640 | €250,548 | +€120,908 | +93.3% |
| Intangible fixed assets | 21 | €24,964 | €11,020 | -€13,943 | -55.9% |
| Tangible fixed assets | 22/27 | €104,676 | €239,528 | +€134,852 | +129% |
| Land and buildings | 22 | €71,102 | €170,485 | +€99,383 | +140% |
| Plant, machinery and equipment | 23 | €16,185 | €34,966 | +€18,781 | +116% |
| Furniture and vehicles | 24 | €12,389 | €29,077 | +€16,687 | +135% |
| Assets under construction and advance payments | 27 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €2,758,100 | €1,604,957 | -€1.2m | -41.8% |
| Amounts receivable within one year | 40/41 | €48,241 | €66,563 | +€18,322 | +38.0% |
| Trade receivables | 40 | €45,143 | €22,895 | -€22,249 | -49.3% |
| Other amounts receivable | 41 | €3,097 | €43,668 | +€40,571 | +1,310% |
| Cash at bank and in hand | 54/58 | €1,259,433 | €708,626 | -€550,807 | -43.7% |
| Deferred charges and accrued income | 490/1 | €1,450,425 | €829,768 | -€620,657 | -42.8% |
| Total equity and liabilities | 10/49 | €2,887,739 | €1,855,505 | -€1.0m | -35.7% |
| Equity | 10/15 | €193,754 | €399,025 | +€205,270 | +106% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €153,754 | €359,025 | +€205,270 | +134% |
| Non-distributable reserves | 130/1 | €713 | €713 | = | 0.0% |
| Reserves not available under the articles | 1311 | €713 | €713 | = | 0.0% |
| Distributable reserves | 133 | €153,042 | €358,312 | +€205,270 | +134% |
| Amounts payable | 17/49 | €2,693,985 | €1,456,480 | -€1.2m | -45.9% |
| Amounts payable after more than one year | 17 | €8,929 | €6,182 | -€2,748 | -30.8% |
| Other amounts payable | 178/9 | €8,929 | €6,182 | -€2,748 | -30.8% |
| Amounts payable within one year | 42/48 | €2,667,650 | €1,446,405 | -€1.2m | -45.8% |
| Trade debts | 44 | €926,605 | €532,651 | -€393,954 | -42.5% |
| Suppliers | 440/4 | €926,605 | €532,651 | -€393,954 | -42.5% |
| Advances received on contracts in progress | 46 | €1,714,648 | €885,488 | -€829,160 | -48.4% |
| Taxes, remuneration and social security | 45 | €23,397 | €28,265 | +€4,869 | +20.8% |
| Taxes | 450/3 | €2,225 | €4,814 | +€2,589 | +116% |
| Remuneration and social security | 454/9 | €21,172 | €23,451 | +€2,279 | +10.8% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €17,406 | €3,894 | -€13,512 | -77.6% |
| Non-recurring operating income | 76A | €3,547 | €410 | -€3,137 | -88.4% |
| Remuneration, social security and pensions | 62 | €86,076 | €154,361 | +€68,285 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,891 | €33,045 | -€8,846 | -21.1% |
| Other operating charges | 640/8 | €3,207 | €1,100 | -€2,107 | -65.7% |
| Non-recurring operating charges | 66A | €2,167 | €3,425 | +€1,259 | +58.1% |
| Gross operating margin | 9900 | €229,868 | €446,835 | +€216,967 | +94.4% |
| Operating profit (loss) | 9901 | €96,527 | €254,904 | +€158,377 | +164% |
| Financial income | 75/76B | €3,643 | €24,322 | +€20,679 | +568% |
| Recurring financial income | 75 | €3,643 | €24,322 | +€20,679 | +568% |
| Financial charges | 65/66B | €20,909 | €9,877 | -€11,031 | -52.8% |
| Recurring financial charges | 65 | €20,909 | €9,877 | -€11,031 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | €79,261 | €269,349 | +€190,088 | +240% |
| Income taxes | 67/77 | €15,295 | €64,078 | +€48,784 | +319% |
| Profit (loss) for the period | 9904 | €63,966 | €205,270 | +€141,304 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €63,966 | €205,270 | +€141,304 | +221% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.