STARPOL: 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.
STARPOL
Largest movements
- Receivables within one year +€83,923
up €83,923 (+184%), from €45,718 to €129,640
of which Trade receivables: +€76,833
- Tangible fixed assets -€6,245
down €6,245 (-54.8%), from €11,404 to €5,159
- Cash -€2,520
down €2,520 (-96.7%), from €2,605 to €85
mainly Receivables within one year (-€83,923) and Net result for the year (-€5,649)
- Trade debts +€69,882
up €69,882 (+224%), from €31,251 to €101,133
- Tax, wage and social debts +€17,015
up €17,015 (+628%), from €2,709 to €19,724
of which Remuneration and social security: +€16,442
- Profit (loss) carried forward -€5,649
down €5,649 (-93.3%), from €6,054 to €405
- Debts after one year -€5,558
down €5,558 (-70.4%), from €7,893 to €2,334
- Staff costs +€56,105
up €56,105 (+1,181%), from €4,752 to €60,856
- Gross operating margin +€46,705
up €46,705 (+293%), from €15,926 to €62,631
- Taxes -€2,709
no longer reported in 2025 (was €2,709)
- Depreciation +€1,437
new in 2025: €1,437
- Financial charges -€895
down €895 (-49.6%), from €1,803 to €908
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 | €59,727 | €136,154 | +€76,427 | +128% |
| Fixed assets | 21/28 | €11,404 | €5,159 | -€6,245 | -54.8% |
| Tangible fixed assets | 22/27 | €11,404 | €5,159 | -€6,245 | -54.8% |
| Furniture and vehicles | 24 | €11,404 | €5,159 | -€6,245 | -54.8% |
| Current assets | 29/58 | €48,323 | €130,995 | +€82,672 | +171% |
| Amounts receivable within one year | 40/41 | €45,718 | €129,640 | +€83,923 | +184% |
| Trade receivables | 40 | €33,906 | €110,739 | +€76,833 | +227% |
| Other amounts receivable | 41 | €11,811 | €18,901 | +€7,089 | +60.0% |
| Cash at bank and in hand | 54/58 | €2,605 | €85 | -€2,520 | -96.7% |
| Deferred charges and accrued income | 490/1 | - | €1,269 | +€1,269 | |
| Total equity and liabilities | 10/49 | €59,727 | €136,154 | +€76,427 | +128% |
| Equity | 10/15 | €13,054 | €7,405 | -€5,649 | -43.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,054 | €405 | -€5,649 | -93.3% |
| Amounts payable | 17/49 | €46,673 | €128,749 | +€82,076 | +176% |
| Amounts payable after more than one year | 17 | €7,893 | €2,334 | -€5,558 | -70.4% |
| Financial debts | 170/4 | €7,893 | €2,334 | -€5,558 | -70.4% |
| Amounts payable within one year | 42/48 | €38,780 | €126,415 | +€87,634 | +226% |
| Current portion of amounts payable after more than one year | 42 | €4,820 | €5,558 | +€738 | +15.3% |
| Trade debts | 44 | €31,251 | €101,133 | +€69,882 | +224% |
| Suppliers | 440/4 | €31,251 | €101,133 | +€69,882 | +224% |
| Taxes, remuneration and social security | 45 | €2,709 | €19,724 | +€17,015 | +628% |
| Taxes | 450/3 | €2,709 | €3,282 | +€573 | +21.2% |
| Remuneration and social security | 454/9 | - | €16,442 | +€16,442 | |
| Remuneration, social security and pensions | 62 | €4,752 | €60,856 | +€56,105 | +1,181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,437 | +€1,437 | |
| Other operating charges | 640/8 | €609 | €1,199 | +€590 | +96.9% |
| Non-recurring operating charges | 66A | - | €4,660 | +€4,660 | |
| Gross operating margin | 9900 | €15,926 | €62,631 | +€46,705 | +293% |
| Operating profit (loss) | 9901 | €10,565 | -€5,522 | -€16,087 | |
| Financial income | 75/76B | €1 | €781 | +€780 | +88,622% |
| Recurring financial income | 75 | €1 | €781 | +€780 | +88,622% |
| Financial charges | 65/66B | €1,803 | €908 | -€895 | -49.6% |
| Recurring financial charges | 65 | €1,803 | €908 | -€895 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €8,763 | -€5,649 | -€14,412 | |
| Income taxes | 67/77 | €2,709 | - | -€2,709 | |
| Profit (loss) for the period | 9904 | €6,054 | -€5,649 | -€11,704 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,054 | -€5,649 | -€11,704 |
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 30 October 2026 via checked.be.