STARMAX , ARCHITECTURE: 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.
STARMAX , ARCHITECTURE
Largest movements
- Tangible fixed assets +€18,870
up €18,870 (+1,360%), from €1,388 to €20,258
of which Furniture and vehicles: +€17,064
- Receivables within one year +€16,581
up €16,581 (+120%), from €13,764 to €30,344
of which Other amounts receivable: +€9,573
- Cash -€1,838
down €1,838 (-84.5%), from €2,175 to €338
mainly Other debts (-€34,831) and Investment in fixed assets (net) (-€23,085)
- Other debts -€34,831
no longer reported in 2025 (was €34,831)
- Profit (loss) carried forward +€32,765
up €32,765, from -€28,458 to €4,306
- Trade debts +€23,260
up €23,260 (+1,152%), from €2,019 to €25,279
- Current portion of long-term debt +€5,370
new in 2025: €5,370
- Debts after one year +€3,679
new in 2025: €3,679
- Gross operating margin +€24,881
up €24,881 (+168%), from €14,780 to €39,661
- Depreciation +€4,154
up €4,154 (+6,883%), from €60 to €4,214
- Taxes +€576
up €576 (+330%), from €174 to €750
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 | €17,451 | €51,137 | +€33,686 | +193% |
| Fixed assets | 21/28 | €1,388 | €20,258 | +€18,870 | +1,360% |
| Tangible fixed assets | 22/27 | €1,388 | €20,258 | +€18,870 | +1,360% |
| Plant, machinery and equipment | 23 | €1,388 | €3,194 | +€1,806 | +130% |
| Furniture and vehicles | 24 | - | €17,064 | +€17,064 | |
| Current assets | 29/58 | €16,063 | €30,879 | +€14,815 | +92.2% |
| Amounts receivable within one year | 40/41 | €13,764 | €30,344 | +€16,581 | +120% |
| Trade receivables | 40 | €7,784 | €14,792 | +€7,008 | +90.0% |
| Other amounts receivable | 41 | €5,980 | €15,552 | +€9,573 | +160% |
| Cash at bank and in hand | 54/58 | €2,175 | €338 | -€1,838 | -84.5% |
| Deferred charges and accrued income | 490/1 | €125 | €197 | +€72 | +57.8% |
| Total equity and liabilities | 10/49 | €17,451 | €51,137 | +€33,686 | +193% |
| Equity | 10/15 | -€20,398 | €12,366 | +€32,765 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,458 | €4,306 | +€32,765 | |
| Amounts payable | 17/49 | €37,850 | €38,771 | +€921 | +2.4% |
| Amounts payable after more than one year | 17 | - | €3,679 | +€3,679 | |
| Financial debts | 170/4 | - | €3,679 | +€3,679 | |
| Amounts payable within one year | 42/48 | €37,800 | €35,042 | -€2,758 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,370 | +€5,370 | |
| Financial debts | 43 | - | €1,873 | +€1,873 | |
| Credit institutions | 430/8 | - | €1,873 | +€1,873 | |
| Trade debts | 44 | €2,019 | €25,279 | +€23,260 | +1,152% |
| Suppliers | 440/4 | €2,019 | €25,279 | +€23,260 | +1,152% |
| Taxes, remuneration and social security | 45 | €949 | €2,520 | +€1,571 | +165% |
| Taxes | 450/3 | €949 | €2,520 | +€1,571 | +165% |
| Other amounts payable | 47/48 | €34,831 | - | -€34,831 | |
| Accrued charges and deferred income | 492/3 | €50 | €50 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €4,214 | +€4,154 | +6,883% |
| Other operating charges | 640/8 | €679 | €767 | +€88 | +12.9% |
| Gross operating margin | 9900 | €14,780 | €39,661 | +€24,881 | +168% |
| Operating profit (loss) | 9901 | €14,040 | €34,680 | +€20,639 | +147% |
| Financial income | 75/76B | €158 | - | -€158 | |
| Recurring financial income | 75 | €147 | - | -€147 | |
| Non-recurring financial income | 76B | €11 | - | -€11 | |
| Financial charges | 65/66B | €787 | €1,165 | +€379 | +48.1% |
| Recurring financial charges | 65 | €40 | €1,165 | +€1,125 | +2,835% |
| Non-recurring financial charges | 66B | €747 | - | -€747 | |
| Profit (loss) for the period before taxes | 9903 | €13,412 | €33,515 | +€20,103 | +150% |
| Income taxes | 67/77 | €174 | €750 | +€576 | +330% |
| Profit (loss) for the period | 9904 | €13,237 | €32,765 | +€19,528 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €13,237 | €32,765 | +€19,528 | +148% |
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 30 October 2026 via checked.be.