Starnberg Capital: 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.
Starnberg Capital
Largest movements
- Cash +€24,273
up €24,273 (+61.7%), from €39,314 to €63,587
mainly Net result for the year (+€32,260) and Deferred charges and accrued income (+€6,326)
- Deferred charges and accrued income -€6,326
down €6,326 (-76.4%), from €8,276 to €1,950
- Tangible fixed assets -€5,723
down €5,723 (-87.5%), from €6,544 to €821
of which Furniture and vehicles: -€5,172
- Receivables within one year +€1,894
up €1,894 (+4.4%), from €43,178 to €45,072
- Reserves +€32,260
up €32,260 (+62.4%), from €51,700 to €83,960
- Other debts -€21,835
down €21,835 (-83.7%), from €26,094 to €4,258
- Tax, wage and social debts +€3,544
up €3,544 (+21.9%), from €16,161 to €19,704
of which Taxes: +€3,544
- Financial charges +€1,837
up €1,837 (+492%), from €373 to €2,210
- Gross operating margin +€1,102
up €1,102 (+2.2%), from €49,613 to €50,715
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 | €97,512 | €111,630 | +€14,118 | +14.5% |
| Fixed assets | 21/28 | €6,744 | €1,021 | -€5,723 | -84.9% |
| Tangible fixed assets | 22/27 | €6,544 | €821 | -€5,723 | -87.5% |
| Furniture and vehicles | 24 | €5,433 | €261 | -€5,172 | -95.2% |
| Other tangible fixed assets | 26 | €1,111 | €560 | -€551 | -49.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €90,768 | €110,609 | +€19,841 | +21.9% |
| Amounts receivable within one year | 40/41 | €43,178 | €45,072 | +€1,894 | +4.4% |
| Trade receivables | 40 | €43,178 | €45,072 | +€1,894 | +4.4% |
| Cash at bank and in hand | 54/58 | €39,314 | €63,587 | +€24,273 | +61.7% |
| Deferred charges and accrued income | 490/1 | €8,276 | €1,950 | -€6,326 | -76.4% |
| Total equity and liabilities | 10/49 | €97,512 | €111,630 | +€14,118 | +14.5% |
| Equity | 10/15 | €52,700 | €84,960 | +€32,260 | +61.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,700 | €83,960 | +€32,260 | +62.4% |
| Distributable reserves | 133 | €51,700 | €83,960 | +€32,260 | +62.4% |
| Amounts payable | 17/49 | €44,812 | €26,670 | -€18,142 | -40.5% |
| Amounts payable within one year | 42/48 | €44,812 | €26,629 | -€18,184 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €576 | - | -€576 | |
| Trade debts | 44 | €1,982 | €2,666 | +€684 | +34.5% |
| Suppliers | 440/4 | €1,982 | €2,666 | +€684 | +34.5% |
| Taxes, remuneration and social security | 45 | €16,161 | €19,704 | +€3,544 | +21.9% |
| Taxes | 450/3 | €14,488 | €18,032 | +€3,544 | +24.5% |
| Remuneration and social security | 454/9 | €1,672 | €1,672 | = | 0.0% |
| Other amounts payable | 47/48 | €26,094 | €4,258 | -€21,835 | -83.7% |
| Accrued charges and deferred income | 492/3 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,825 | €5,723 | -€101 | -1.7% |
| Other operating charges | 640/8 | €359 | €264 | -€95 | -26.6% |
| Gross operating margin | 9900 | €49,613 | €50,715 | +€1,102 | +2.2% |
| Operating profit (loss) | 9901 | €43,429 | €44,728 | +€1,299 | +3.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €373 | €2,210 | +€1,837 | +492% |
| Recurring financial charges | 65 | €373 | €2,210 | +€1,837 | +492% |
| Profit (loss) for the period before taxes | 9903 | €43,056 | €42,518 | -€539 | -1.3% |
| Income taxes | 67/77 | €10,338 | €10,258 | -€80 | -0.8% |
| Profit (loss) for the period | 9904 | €32,718 | €32,260 | -€459 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,718 | €32,260 | -€459 | -1.4% |
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 29 October 2026 via checked.be.