StarRetail: 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.
StarRetail
Largest movements
- Cash -€9,413
down €9,413 (-91.2%), from €10,326 to €914
mainly Net result for the year (-€31,199) and Tax, wage and social debts (-€8,642)
- Receivables within one year -€8,618
down €8,618 (-25.0%), from €34,493 to €25,875
of which Other amounts receivable: -€6,308
- Tangible fixed assets +€4,077
up €4,077 (+18.6%), from €21,907 to €25,985
of which Other tangible fixed assets: +€4,609
- Profit (loss) carried forward -€31,199
down €31,199 (-205.1%), from -€15,209 to -€46,408
- Trade debts +€13,800
up €13,800 (+300.9%), from €4,586 to €18,386
- Other debts +€12,088
new in 2025: €12,088
- Tax, wage and social debts -€8,642
down €8,642 (-58.2%), from €14,850 to €6,207
of which Taxes: -€8,660
- Gross operating margin -€18,213
down €18,213, from €10,778 to -€7,436
- Taxes +€3,095
up €3,095 (+137.0%), from €2,258 to €5,353
- Depreciation +€2,522
up €2,522 (+537.0%), from €470 to €2,992
- Other operating charges +€407
up €407 (+70.8%), from €575 to €981
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 | €66,726 | €52,773 | -€13,953 | -20.9% |
| Fixed assets | 21/28 | €21,907 | €25,985 | +€4,077 | +18.6% |
| Tangible fixed assets | 22/27 | €21,907 | €25,985 | +€4,077 | +18.6% |
| Furniture and vehicles | 24 | €2,536 | €2,004 | -€532 | -21.0% |
| Other tangible fixed assets | 26 | €19,371 | €23,981 | +€4,609 | +23.8% |
| Current assets | 29/58 | €44,819 | €26,789 | -€18,030 | -40.2% |
| Amounts receivable within one year | 40/41 | €34,493 | €25,875 | -€8,618 | -25.0% |
| Trade receivables | 40 | €13,310 | €11,000 | -€2,310 | -17.4% |
| Other amounts receivable | 41 | €21,183 | €14,875 | -€6,308 | -29.8% |
| Cash at bank and in hand | 54/58 | €10,326 | €914 | -€9,413 | -91.2% |
| Total equity and liabilities | 10/49 | €66,726 | €52,773 | -€13,953 | -20.9% |
| Equity | 10/15 | €47,291 | €16,092 | -€31,199 | -66.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,209 | -€46,408 | -€31,199 | -205.1% |
| Amounts payable | 17/49 | €19,435 | €36,681 | +€17,245 | +88.7% |
| Amounts payable within one year | 42/48 | €19,435 | €36,681 | +€17,245 | +88.7% |
| Trade debts | 44 | €4,586 | €18,386 | +€13,800 | +300.9% |
| Suppliers | 440/4 | €4,586 | €18,386 | +€13,800 | +300.9% |
| Taxes, remuneration and social security | 45 | €14,850 | €6,207 | -€8,642 | -58.2% |
| Taxes | 450/3 | €11,501 | €2,840 | -€8,660 | -75.3% |
| Remuneration and social security | 454/9 | €3,349 | €3,367 | +€18 | +0.5% |
| Other amounts payable | 47/48 | - | €12,088 | +€12,088 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470 | €2,992 | +€2,522 | +537.0% |
| Other operating charges | 640/8 | €575 | €981 | +€407 | +70.8% |
| Non-recurring operating charges | 66A | - | €495 | +€495 | |
| Gross operating margin | 9900 | €10,778 | -€7,436 | -€18,213 | |
| Operating profit (loss) | 9901 | €9,733 | -€11,904 | -€21,637 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €14,028 | €13,942 | -€86 | -0.6% |
| Recurring financial charges | 65 | €14,028 | €13,942 | -€86 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,295 | -€25,846 | -€21,551 | -501.8% |
| Income taxes | 67/77 | €2,258 | €5,353 | +€3,095 | +137.0% |
| Profit (loss) for the period | 9904 | -€6,553 | -€31,199 | -€24,646 | -376.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,553 | -€31,199 | -€24,646 | -376.1% |
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.