STAROTEC: 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.
STAROTEC
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+20.0%), from €250,030 to €300,030
- Receivables within one year +€49,021
up €49,021 (+94.1%), from €52,107 to €101,128
of which Other amounts receivable: +€55,071
- Cash +€43,465
up €43,465 (+353%), from €12,312 to €55,776
mainly Debts after one year (+€147,392) and Net result for the year (+€107,125)
- Deferred charges and accrued income +€8,916
up €8,916 (+626%), from €1,423 to €10,339
- Debts after one year +€147,392
up €147,392 (+5,651%), from €2,608 to €150,000
- Current portion of long-term debt -€43,494
down €43,494 (-94.3%), from €46,102 to €2,608
- Reserves +€41,851
up €41,851 (+31.4%), from €133,079 to €174,930
- Profit (loss) carried forward +€27,125
up €27,125 (+32.0%), from €84,887 to €112,012
- Other debts -€23,700
down €23,700 (-100%), from €23,700 to €0
- Gross operating margin -€40,776
down €40,776 (-18.9%), from €216,056 to €175,280
- Taxes -€10,660
down €10,660 (-16.9%), from €63,010 to €52,351
- Financial charges +€2,673
up €2,673 (+53.5%), from €4,992 to €7,665
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 | €338,907 | €489,519 | +€150,612 | +44.4% |
| Fixed assets | 21/28 | €273,065 | €322,272 | +€49,207 | +18.0% |
| Tangible fixed assets | 22/27 | €23,035 | €22,242 | -€793 | -3.4% |
| Plant, machinery and equipment | 23 | €4,315 | €1,240 | -€3,074 | -71.3% |
| Furniture and vehicles | 24 | €11,424 | €12,612 | +€1,187 | +10.4% |
| Other tangible fixed assets | 26 | €7,296 | €8,390 | +€1,094 | +15.0% |
| Financial fixed assets | 28 | €250,030 | €300,030 | +€50,000 | +20.0% |
| Current assets | 29/58 | €65,842 | €167,248 | +€101,405 | +154% |
| Amounts receivable within one year | 40/41 | €52,107 | €101,128 | +€49,021 | +94.1% |
| Trade receivables | 40 | €27,225 | €21,175 | -€6,050 | -22.2% |
| Other amounts receivable | 41 | €24,882 | €79,953 | +€55,071 | +221% |
| Current investments | 50/53 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €12,312 | €55,776 | +€43,465 | +353% |
| Deferred charges and accrued income | 490/1 | €1,423 | €10,339 | +€8,916 | +626% |
| Total equity and liabilities | 10/49 | €338,907 | €489,519 | +€150,612 | +44.4% |
| Equity | 10/15 | €218,966 | €287,943 | +€68,977 | +31.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €133,079 | €174,930 | +€41,851 | +31.4% |
| Distributable reserves | 133 | €133,079 | €174,930 | +€41,851 | +31.4% |
| Profit (loss) carried forward | 14 | €84,887 | €112,012 | +€27,125 | +32.0% |
| Amounts payable | 17/49 | €119,941 | €201,577 | +€81,636 | +68.1% |
| Amounts payable after more than one year | 17 | €2,608 | €150,000 | +€147,392 | +5,651% |
| Financial debts | 170/4 | €2,608 | €150,000 | +€147,392 | +5,651% |
| Amounts payable within one year | 42/48 | €100,666 | €48,514 | -€52,152 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €46,102 | €2,608 | -€43,494 | -94.3% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €5,147 | €3,662 | -€1,485 | -28.9% |
| Suppliers | 440/4 | €5,147 | €3,662 | -€1,485 | -28.9% |
| Taxes, remuneration and social security | 45 | €25,718 | €22,244 | -€3,473 | -13.5% |
| Taxes | 450/3 | €25,718 | €22,244 | -€3,473 | -13.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,700 | €0 | -€23,700 | -100% |
| Accrued charges and deferred income | 492/3 | €16,667 | €3,063 | -€13,604 | -81.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,583 | €6,091 | +€1,508 | +32.9% |
| Other operating charges | 640/8 | €2,967 | €2,136 | -€831 | -28.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €216,056 | €175,280 | -€40,776 | -18.9% |
| Operating profit (loss) | 9901 | €208,506 | €167,053 | -€41,452 | -19.9% |
| Financial income | 75/76B | €4 | €88 | +€84 | +1,990% |
| Recurring financial income | 75 | €4 | €88 | +€84 | +1,990% |
| Financial charges | 65/66B | €4,992 | €7,665 | +€2,673 | +53.5% |
| Recurring financial charges | 65 | €4,992 | €7,665 | +€2,673 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €203,518 | €159,476 | -€44,042 | -21.6% |
| Income taxes | 67/77 | €63,010 | €52,351 | -€10,660 | -16.9% |
| Profit (loss) for the period | 9904 | €140,507 | €107,125 | -€33,382 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €140,507 | €107,125 | -€33,382 | -23.8% |
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 13 October 2026 via checked.be.