STARPACK: what changed
Two fiscal 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.
STARPACK
Largest movements
- Receivables within one year +€431,195
up €431,195 (+41.7%), from €1.0m to €1.5m
of which Trade receivables: +€382,560
- Tangible fixed assets +€115,255
up €115,255 (+35.9%), from €321,193 to €436,448
of which Plant, machinery and equipment: +€141,153
- Stocks and contracts +€36,102
up €36,102 (+6.8%), from €533,717 to €569,819
- Other debts +€457,427
up €457,427 (+57.1%), from €801,758 to €1.3m
- Profit (loss) carried forward +€208,761
up €208,761 (+153.1%), from €136,383 to €345,144
- Trade debts -€123,918
down €123,918 (-17.7%), from €701,803 to €577,885
- Tax, wage and social debts +€97,430
up €97,430 (+52.3%), from €186,357 to €283,787
of which Taxes: +€92,455
- Current portion of long-term debt -€33,471
down €33,471 (-67.7%), from €49,423 to €15,952
- Gross operating margin +€226,977
up €226,977 (+23.4%), from €970,632 to €1.2m
- Taxes +€61,577
up €61,577 (+276.2%), from €22,294 to €83,871
- Staff costs +€57,942
up €57,942 (+8.0%), from €726,802 to €784,744
- Depreciation +€46,460
up €46,460 (+45.2%), from €102,674 to €149,134
- Write-downs -€46,353
new in 2025: -€46,353
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,914,938 | €2,502,678 | +€587,740 | +30.7% |
| Fixed assets | 21/28 | €323,626 | €437,778 | +€114,152 | +35.3% |
| Intangible fixed assets | 21 | €1,882 | €780 | -€1,103 | -58.6% |
| Tangible fixed assets | 22/27 | €321,193 | €436,448 | +€115,255 | +35.9% |
| Plant, machinery and equipment | 23 | €222,954 | €364,106 | +€141,153 | +63.3% |
| Furniture and vehicles | 24 | €39,391 | €67,887 | +€28,496 | +72.3% |
| Leasing and similar rights | 25 | €58,848 | €4,454 | -€54,394 | -92.4% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €1,591,312 | €2,064,900 | +€473,588 | +29.8% |
| Stocks and contracts in progress | 3 | €533,717 | €569,819 | +€36,102 | +6.8% |
| Stocks | 30/36 | €533,717 | €569,819 | +€36,102 | +6.8% |
| Amounts receivable within one year | 40/41 | €1,032,985 | €1,464,180 | +€431,195 | +41.7% |
| Trade receivables | 40 | €356,432 | €738,993 | +€382,560 | +107.3% |
| Other amounts receivable | 41 | €676,552 | €725,187 | +€48,635 | +7.2% |
| Deferred charges and accrued income | 490/1 | €24,610 | €30,902 | +€6,291 | +25.6% |
| Total equity and liabilities | 10/49 | €1,914,938 | €2,502,678 | +€587,740 | +30.7% |
| Equity | 10/15 | €150,743 | €359,504 | +€208,761 | +138.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 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 | €136,383 | €345,144 | +€208,761 | +153.1% |
| Amounts payable | 17/49 | €1,764,195 | €2,143,174 | +€378,979 | +21.5% |
| Amounts payable after more than one year | 17 | €15,952 | - | -€15,952 | |
| Financial debts | 170/4 | €15,952 | - | -€15,952 | |
| Amounts payable within one year | 42/48 | €1,739,342 | €2,136,809 | +€397,467 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €49,423 | €15,952 | -€33,471 | -67.7% |
| Trade debts | 44 | €701,803 | €577,885 | -€123,918 | -17.7% |
| Suppliers | 440/4 | €701,803 | €577,885 | -€123,918 | -17.7% |
| Taxes, remuneration and social security | 45 | €186,357 | €283,787 | +€97,430 | +52.3% |
| Taxes | 450/3 | €52,055 | €144,510 | +€92,455 | +177.6% |
| Remuneration and social security | 454/9 | €134,302 | €139,277 | +€4,975 | +3.7% |
| Other amounts payable | 47/48 | €801,758 | €1,259,185 | +€457,427 | +57.1% |
| Accrued charges and deferred income | 492/3 | €8,901 | €6,364 | -€2,536 | -28.5% |
| Non-recurring operating income | 76A | €53,244 | - | -€53,244 | |
| Remuneration, social security and pensions | 62 | €726,802 | €784,744 | +€57,942 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,674 | €149,134 | +€46,460 | +45.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€46,353 | -€46,353 | |
| Other operating charges | 640/8 | €7,559 | €3,582 | -€3,977 | -52.6% |
| Gross operating margin | 9900 | €970,632 | €1,197,609 | +€226,977 | +23.4% |
| Operating profit (loss) | 9901 | €133,597 | €306,502 | +€172,905 | +129.4% |
| Financial income | 75/76B | €1,073 | €5,268 | +€4,195 | +391.1% |
| Recurring financial income | 75 | €1,073 | €5,268 | +€4,195 | +391.1% |
| Financial charges | 65/66B | €15,691 | €19,138 | +€3,447 | +22.0% |
| Recurring financial charges | 65 | €15,691 | €19,138 | +€3,447 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €118,979 | €292,632 | +€173,653 | +146.0% |
| Income taxes | 67/77 | €22,294 | €83,871 | +€61,577 | +276.2% |
| Profit (loss) for the period | 9904 | €96,685 | €208,761 | +€112,076 | +115.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,685 | €208,761 | +€112,076 | +115.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.