Staro: 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.
Staro
Largest movements
- Cash +€8,165
up €8,165 (+43.4%), from €18,817 to €26,983
mainly Net result for the year (+€30,189) and Depreciation (+€20,996)
- Tangible fixed assets -€3,897
down €3,897 (-1.9%), from €201,534 to €197,637
of which Land and buildings: -€14,420
- Stocks and contracts +€2,818
up €2,818 (+43.4%), from €6,498 to €9,316
- Reserves +€28,523
up €28,523 (+205.0%), from €13,915 to €42,438
- Debts after one year -€27,609
down €27,609 (-16.0%), from €172,498 to €144,889
of which Financial debts: -€27,352
- Current portion of long-term debt +€4,348
up €4,348 (+32.0%), from €13,602 to €17,950
- Gross operating margin +€36,477
up €36,477 (+100.5%), from €36,303 to €72,780
- Taxes +€10,463
up €10,463 (+551.0%), from €1,899 to €12,362
- Depreciation -€6,221
down €6,221 (-22.9%), from €27,217 to €20,996
- Financial charges +€841
up €841 (+17.1%), from €4,923 to €5,764
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 | €243,139 | €254,237 | +€11,098 | +4.6% |
| Fixed assets | 21/28 | €201,534 | €197,637 | -€3,897 | -1.9% |
| Tangible fixed assets | 22/27 | €201,534 | €197,637 | -€3,897 | -1.9% |
| Land and buildings | 22 | €185,203 | €170,783 | -€14,420 | -7.8% |
| Plant, machinery and equipment | 23 | €6,013 | €6,411 | +€398 | +6.6% |
| Furniture and vehicles | 24 | €10,318 | €20,443 | +€10,125 | +98.1% |
| Current assets | 29/58 | €41,604 | €56,600 | +€14,995 | +36.0% |
| Stocks and contracts in progress | 3 | €6,498 | €9,316 | +€2,818 | +43.4% |
| Stocks | 30/36 | €6,498 | €9,316 | +€2,818 | +43.4% |
| Amounts receivable within one year | 40/41 | €13,526 | €15,998 | +€2,472 | +18.3% |
| Trade receivables | 40 | €12,397 | €7,618 | -€4,779 | -38.6% |
| Other amounts receivable | 41 | €1,129 | €8,380 | +€7,252 | +642.5% |
| Cash at bank and in hand | 54/58 | €18,817 | €26,983 | +€8,165 | +43.4% |
| Deferred charges and accrued income | 490/1 | €2,763 | €4,303 | +€1,540 | +55.7% |
| Total equity and liabilities | 10/49 | €243,139 | €254,237 | +€11,098 | +4.6% |
| Equity | 10/15 | €32,515 | €61,038 | +€28,523 | +87.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,915 | €42,438 | +€28,523 | +205.0% |
| Distributable reserves | 133 | €13,915 | €42,438 | +€28,523 | +205.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €210,624 | €193,199 | -€17,425 | -8.3% |
| Amounts payable after more than one year | 17 | €172,498 | €144,889 | -€27,609 | -16.0% |
| Financial debts | 170/4 | €172,241 | €144,889 | -€27,352 | -15.9% |
| Other amounts payable | 178/9 | €257 | €0 | -€257 | -100.0% |
| Amounts payable within one year | 42/48 | €36,733 | €46,917 | +€10,184 | +27.7% |
| Current portion of amounts payable after more than one year | 42 | €13,602 | €17,950 | +€4,348 | +32.0% |
| Trade debts | 44 | €21,195 | €22,939 | +€1,745 | +8.2% |
| Suppliers | 440/4 | €21,195 | €22,939 | +€1,745 | +8.2% |
| Taxes, remuneration and social security | 45 | €1,936 | €4,362 | +€2,426 | +125.3% |
| Taxes | 450/3 | €1,936 | €2,362 | +€426 | +22.0% |
| Remuneration and social security | 454/9 | €0 | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €0 | €1,666 | +€1,666 | |
| Accrued charges and deferred income | 492/3 | €1,393 | €1,393 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,217 | €20,996 | -€6,221 | -22.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €131 | €0 | -€131 | -100.0% |
| Other operating charges | 640/8 | €2,912 | €3,269 | +€357 | +12.3% |
| Non-recurring operating charges | 66A | - | €811 | +€811 | |
| Gross operating margin | 9900 | €36,303 | €72,780 | +€36,477 | +100.5% |
| Operating profit (loss) | 9901 | €6,043 | €47,703 | +€41,661 | +689.5% |
| Financial income | 75/76B | €110 | €611 | +€501 | +454.6% |
| Recurring financial income | 75 | €110 | €611 | +€501 | +454.6% |
| Financial charges | 65/66B | €4,923 | €5,764 | +€841 | +17.1% |
| Recurring financial charges | 65 | €4,923 | €5,764 | +€841 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €1,230 | €42,551 | +€41,321 | +3360.7% |
| Income taxes | 67/77 | €1,899 | €12,362 | +€10,463 | +551.0% |
| Profit (loss) for the period | 9904 | -€669 | €30,189 | +€30,859 | |
| Profit (loss) for the period to be appropriated | 9905 | -€669 | €30,189 | +€30,859 |
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 10 October 2026 via checked.be.