Starlott Stables: 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.
Starlott Stables
Largest movements
- Tangible fixed assets -€21,827
down €21,827 (-17.0%), from €128,737 to €106,910
of which Other tangible fixed assets: -€12,928
- Profit (loss) carried forward -€105,244
down €105,244 (-40.8%), from -€258,197 to -€363,441
- Other debts +€93,708
up €93,708 (+132%), from €71,094 to €164,802
- Tax, wage and social debts -€7,206
down €7,206 (-49.7%), from €14,494 to €7,288
of which Taxes: -€5,548
- Gross operating margin -€25,978
down €25,978 (-46.7%), from -€55,611 to -€81,589
- Staff costs -€13,418
down €13,418 (-49.2%), from €27,283 to €13,864
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 | €596,775 | €575,779 | -€20,996 | -3.5% |
| Fixed assets | 21/28 | €130,237 | €108,410 | -€21,827 | -16.8% |
| Tangible fixed assets | 22/27 | €128,737 | €106,910 | -€21,827 | -17.0% |
| Plant, machinery and equipment | 23 | €786 | €531 | -€255 | -32.4% |
| Furniture and vehicles | 24 | €26,772 | €18,128 | -€8,644 | -32.3% |
| Other tangible fixed assets | 26 | €101,179 | €88,251 | -€12,928 | -12.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €466,538 | €467,369 | +€831 | +0.2% |
| Amounts receivable after more than one year | 29 | €450,000 | €450,000 | = | 0.0% |
| Other amounts receivable | 291 | €450,000 | €450,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | €317 | +€317 | |
| Trade receivables | 40 | €0 | €317 | +€317 | |
| Cash at bank and in hand | 54/58 | €1,910 | €2,068 | +€158 | +8.3% |
| Deferred charges and accrued income | 490/1 | €14,628 | €14,983 | +€356 | +2.4% |
| Total equity and liabilities | 10/49 | €596,775 | €575,779 | -€20,996 | -3.5% |
| Equity | 10/15 | €391,423 | €286,180 | -€105,244 | -26.9% |
| Contributions | 10/11 | €153,694 | €153,694 | = | 0.0% |
| Reserves | 13 | €495,927 | €495,927 | = | 0.0% |
| Tax-exempt reserves | 132 | €494,687 | €494,687 | = | 0.0% |
| Distributable reserves | 133 | €1,239 | €1,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,197 | -€363,441 | -€105,244 | -40.8% |
| Provisions and deferred taxes | 16 | €113,519 | €113,519 | = | 0.0% |
| Deferred taxes | 168 | €113,519 | €113,519 | = | 0.0% |
| Amounts payable | 17/49 | €91,833 | €176,081 | +€84,248 | +91.7% |
| Amounts payable within one year | 42/48 | €91,833 | €176,081 | +€84,248 | +91.7% |
| Trade debts | 44 | €4,949 | €2,221 | -€2,729 | -55.1% |
| Suppliers | 440/4 | €4,949 | €2,221 | -€2,729 | -55.1% |
| Advances received on contracts in progress | 46 | €1,295 | €1,770 | +€475 | +36.7% |
| Taxes, remuneration and social security | 45 | €14,494 | €7,288 | -€7,206 | -49.7% |
| Taxes | 450/3 | €11,598 | €6,050 | -€5,548 | -47.8% |
| Remuneration and social security | 454/9 | €2,897 | €1,238 | -€1,659 | -57.3% |
| Other amounts payable | 47/48 | €71,094 | €164,802 | +€93,708 | +132% |
| Remuneration, social security and pensions | 62 | €27,283 | €13,864 | -€13,418 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,827 | €21,827 | = | 0.0% |
| Other operating charges | 640/8 | €1,580 | €1,410 | -€171 | -10.8% |
| Gross operating margin | 9900 | -€55,611 | -€81,589 | -€25,978 | -46.7% |
| Operating profit (loss) | 9901 | -€106,301 | -€118,689 | -€12,388 | -11.7% |
| Financial income | 75/76B | €13,542 | €13,508 | -€34 | -0.3% |
| Recurring financial income | 75 | €13,542 | €13,508 | -€34 | -0.3% |
| Financial charges | 65/66B | €158 | €62 | -€95 | -60.5% |
| Recurring financial charges | 65 | €158 | €62 | -€95 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | -€92,917 | -€105,244 | -€12,327 | -13.3% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€92,917 | -€105,244 | -€12,327 | -13.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€92,917 | -€105,244 | -€12,327 | -13.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.