STARPADEL: 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.
STARPADEL
Largest movements
- Cash +€96,213
up €96,213 (+3891.7%), from €2,472 to €98,685
mainly Contributions, distributions and other (+€60,000) and Receivables within one year (+€48,538)
- Receivables within one year -€48,538
down €48,538 (-98.2%), from €49,418 to €880
of which Other amounts receivable: -€41,295
- Tangible fixed assets -€9,589
down €9,589 (-8.0%), from €120,542 to €110,954
of which Plant, machinery and equipment: -€9,183
- Contributions +€60,000
up €60,000 (+34.3%), from €175,000 to €235,000
- Profit (loss) carried forward -€19,215
down €19,215 (-134.0%), from -€14,337 to -€33,552
- Trade debts -€9,842
down €9,842 (-68.4%), from €14,384 to €4,542
- Other debts +€6,160
up €6,160 (+255.9%), from €2,407 to €8,567
- Depreciation +€3,690
up €3,690 (+33.6%), from €10,996 to €14,686
- Financial income -€3,500
no longer reported in 2025 (was €3,500)
- Gross operating margin +€1,860
up €1,860 (+31.2%), from -€5,959 to -€4,100
- Other operating charges -€826
no longer reported in 2025 (was €826)
- Financial charges +€374
up €374 (+675.3%), from €55 to €430
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 | €177,454 | €214,556 | +€37,102 | +20.9% |
| Fixed assets | 21/28 | €125,359 | €114,991 | -€10,368 | -8.3% |
| Intangible fixed assets | 21 | €4,816 | €4,037 | -€779 | -16.2% |
| Tangible fixed assets | 22/27 | €120,542 | €110,954 | -€9,589 | -8.0% |
| Plant, machinery and equipment | 23 | €119,457 | €110,275 | -€9,183 | -7.7% |
| Furniture and vehicles | 24 | €1,085 | €679 | -€406 | -37.4% |
| Current assets | 29/58 | €52,095 | €99,565 | +€47,470 | +91.1% |
| Amounts receivable within one year | 40/41 | €49,418 | €880 | -€48,538 | -98.2% |
| Trade receivables | 40 | €7,978 | €735 | -€7,243 | -90.8% |
| Other amounts receivable | 41 | €41,440 | €145 | -€41,295 | -99.6% |
| Cash at bank and in hand | 54/58 | €2,472 | €98,685 | +€96,213 | +3891.7% |
| Deferred charges and accrued income | 490/1 | €205 | - | -€205 | |
| Total equity and liabilities | 10/49 | €177,454 | €214,556 | +€37,102 | +20.9% |
| Equity | 10/15 | €160,663 | €201,448 | +€40,785 | +25.4% |
| Contributions | 10/11 | €175,000 | €235,000 | +€60,000 | +34.3% |
| Profit (loss) carried forward | 14 | -€14,337 | -€33,552 | -€19,215 | -134.0% |
| Amounts payable | 17/49 | €16,791 | €13,109 | -€3,682 | -21.9% |
| Amounts payable within one year | 42/48 | €16,791 | €13,109 | -€3,682 | -21.9% |
| Trade debts | 44 | €14,384 | €4,542 | -€9,842 | -68.4% |
| Suppliers | 440/4 | €14,384 | €4,542 | -€9,842 | -68.4% |
| Other amounts payable | 47/48 | €2,407 | €8,567 | +€6,160 | +255.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,996 | €14,686 | +€3,690 | +33.6% |
| Other operating charges | 640/8 | €826 | - | -€826 | |
| Gross operating margin | 9900 | -€5,959 | -€4,100 | +€1,860 | +31.2% |
| Operating profit (loss) | 9901 | -€17,782 | -€18,786 | -€1,004 | -5.6% |
| Financial income | 75/76B | €3,500 | - | -€3,500 | |
| Recurring financial income | 75 | €3,500 | - | -€3,500 | |
| Financial charges | 65/66B | €55 | €430 | +€374 | +675.3% |
| Recurring financial charges | 65 | €55 | €430 | +€374 | +675.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,337 | -€19,215 | -€4,878 | -34.0% |
| Profit (loss) for the period | 9904 | -€14,337 | -€19,215 | -€4,878 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,337 | -€19,215 | -€4,878 | -34.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.