STARLITE: 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.
STARLITE
Largest movements
- Tangible fixed assets +€106,003
up €106,003 (+190.7%), from €55,588 to €161,591
of which Plant, machinery and equipment: +€110,598
- Cash +€85,072
up €85,072 (+33.5%), from €253,633 to €338,705
mainly Trade debts (+€84,628) and Net result for the year (+€68,301)
- Receivables within one year +€64,800
up €64,800 (+16.8%), from €385,660 to €450,460
of which Trade receivables: +€79,357
- Deferred charges and accrued income -€29,265
down €29,265 (-81.5%), from €35,915 to €6,649
- Trade debts +€84,628
up €84,628 (+56.4%), from €149,925 to €234,553
- Reserves +€68,301
up €68,301 (+21.3%), from €320,215 to €388,516
of which Distributable reserves: +€68,301
- Tax, wage and social debts +€32,805
up €32,805 (+176.9%), from €18,548 to €51,353
of which Taxes: +€28,710
- Debts after one year +€21,612
new in 2025: €21,612
- Current portion of long-term debt +€13,072
up €13,072, from €0 to €13,072
- Gross operating margin +€106,401
up €106,401 (+131.3%), from €81,026 to €187,427
- Staff costs +€43,397
up €43,397 (+2156.2%), from €2,013 to €45,410
- Taxes +€17,597
up €17,597 (+120.2%), from €14,639 to €32,236
- Other operating charges -€11,596
down €11,596 (-61.7%), from €18,788 to €7,192
- Depreciation +€8,981
up €8,981 (+41.4%), from €21,669 to €30,650
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 | €736,244 | €957,405 | +€221,160 | +30.0% |
| Fixed assets | 21/28 | €55,588 | €161,591 | +€106,003 | +190.7% |
| Tangible fixed assets | 22/27 | €55,588 | €161,591 | +€106,003 | +190.7% |
| Plant, machinery and equipment | 23 | €38,486 | €149,084 | +€110,598 | +287.4% |
| Furniture and vehicles | 24 | €17,101 | €12,507 | -€4,594 | -26.9% |
| Current assets | 29/58 | €680,657 | €795,814 | +€115,157 | +16.9% |
| Stocks and contracts in progress | 3 | €5,450 | €0 | -€5,450 | -100.0% |
| Stocks | 30/36 | €5,450 | €0 | -€5,450 | -100.0% |
| Amounts receivable within one year | 40/41 | €385,660 | €450,460 | +€64,800 | +16.8% |
| Trade receivables | 40 | €252,855 | €332,212 | +€79,357 | +31.4% |
| Other amounts receivable | 41 | €132,805 | €118,248 | -€14,557 | -11.0% |
| Cash at bank and in hand | 54/58 | €253,633 | €338,705 | +€85,072 | +33.5% |
| Deferred charges and accrued income | 490/1 | €35,915 | €6,649 | -€29,265 | -81.5% |
| Total equity and liabilities | 10/49 | €736,244 | €957,405 | +€221,160 | +30.0% |
| Equity | 10/15 | €338,807 | €407,108 | +€68,301 | +20.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €320,215 | €388,516 | +€68,301 | +21.3% |
| Tax-exempt reserves | 132 | €3,360 | €3,360 | = | 0.0% |
| Distributable reserves | 133 | €316,855 | €385,155 | +€68,301 | +21.6% |
| Amounts payable | 17/49 | €397,437 | €550,297 | +€152,859 | +38.5% |
| Amounts payable after more than one year | 17 | - | €21,612 | +€21,612 | |
| Financial debts | 170/4 | - | €21,612 | +€21,612 | |
| Amounts payable within one year | 42/48 | €394,920 | €524,400 | +€129,480 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | €13,072 | +€13,072 | |
| Financial debts | 43 | - | €207 | +€207 | |
| Credit institutions | 430/8 | - | €207 | +€207 | |
| Trade debts | 44 | €149,925 | €234,553 | +€84,628 | +56.4% |
| Suppliers | 440/4 | €149,925 | €234,553 | +€84,628 | +56.4% |
| Advances received on contracts in progress | 46 | €15,754 | €15,754 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,548 | €51,353 | +€32,805 | +176.9% |
| Taxes | 450/3 | €18,221 | €46,931 | +€28,710 | +157.6% |
| Remuneration and social security | 454/9 | €326 | €4,422 | +€4,096 | +1254.5% |
| Other amounts payable | 47/48 | €210,692 | €209,460 | -€1,233 | -0.6% |
| Accrued charges and deferred income | 492/3 | €2,518 | €4,285 | +€1,768 | +70.2% |
| Remuneration, social security and pensions | 62 | €2,013 | €45,410 | +€43,397 | +2156.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,669 | €30,650 | +€8,981 | +41.4% |
| Other operating charges | 640/8 | €18,788 | €7,192 | -€11,596 | -61.7% |
| Gross operating margin | 9900 | €81,026 | €187,427 | +€106,401 | +131.3% |
| Operating profit (loss) | 9901 | €38,557 | €104,176 | +€65,619 | +170.2% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €3,874 | €3,639 | -€235 | -6.1% |
| Recurring financial charges | 65 | €3,874 | €3,639 | -€235 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €34,687 | €100,537 | +€65,850 | +189.8% |
| Income taxes | 67/77 | €14,639 | €32,236 | +€17,597 | +120.2% |
| Profit (loss) for the period | 9904 | €20,048 | €68,301 | +€48,253 | +240.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,048 | €68,301 | +€48,253 | +240.7% |
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 6 October 2026 via checked.be.