STARS GROUP: 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.
STARS GROUP
Largest movements
- Cash +€17,624
up €17,624 (+720%), from €2,447 to €20,072
mainly Net result for the year (+€19,480) and Investment in fixed assets (net) (+€9,072)
- Tangible fixed assets -€10,902
down €10,902 (-69.5%), from €15,683 to €4,781
of which Furniture and vehicles: -€11,354
- Receivables within one year +€5,833
up €5,833 (+7.7%), from €75,990 to €81,823
of which Other amounts receivable: +€3,837
- Deferred charges and accrued income -€2,165
down €2,165 (-24.7%), from €8,751 to €6,586
- Profit (loss) carried forward +€19,480
up €19,480 (+58.4%), from €33,352 to €52,832
- Trade debts -€8,564
down €8,564 (-49.7%), from €17,231 to €8,667
- Gross operating margin +€25,877
up €25,877 (+460%), from €5,621 to €31,498
- Financial charges -€6,430
down €6,430 (-63.8%), from €10,079 to €3,650
of which Non-recurring financial charges: -€9,300
- Taxes +€5,595
up €5,595 (+1,602%), from €349 to €5,945
- Depreciation -€3,877
down €3,877 (-67.9%), from €5,707 to €1,830
- Staff costs +€1,267
new in 2025: €1,267
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 | €103,621 | €114,012 | +€10,390 | +10.0% |
| Fixed assets | 21/28 | €15,683 | €4,781 | -€10,902 | -69.5% |
| Tangible fixed assets | 22/27 | €15,683 | €4,781 | -€10,902 | -69.5% |
| Plant, machinery and equipment | 23 | €923 | €1,374 | +€452 | +48.9% |
| Furniture and vehicles | 24 | €14,760 | €3,407 | -€11,354 | -76.9% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €87,938 | €109,231 | +€21,292 | +24.2% |
| Stocks and contracts in progress | 3 | €750 | €750 | = | 0.0% |
| Stocks | 30/36 | €750 | €750 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,990 | €81,823 | +€5,833 | +7.7% |
| Trade receivables | 40 | €31,747 | €33,744 | +€1,997 | +6.3% |
| Other amounts receivable | 41 | €44,242 | €48,079 | +€3,837 | +8.7% |
| Cash at bank and in hand | 54/58 | €2,447 | €20,072 | +€17,624 | +720% |
| Deferred charges and accrued income | 490/1 | €8,751 | €6,586 | -€2,165 | -24.7% |
| Total equity and liabilities | 10/49 | €103,621 | €114,012 | +€10,390 | +10.0% |
| Equity | 10/15 | €76,369 | €95,849 | +€19,480 | +25.5% |
| Reserves | 13 | €43,017 | €43,017 | = | 0.0% |
| Distributable reserves | 133 | €43,017 | €43,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,352 | €52,832 | +€19,480 | +58.4% |
| Amounts payable | 17/49 | €27,252 | €18,163 | -€9,090 | -33.4% |
| Amounts payable within one year | 42/48 | €25,931 | €16,705 | -€9,227 | -35.6% |
| Trade debts | 44 | €17,231 | €8,667 | -€8,564 | -49.7% |
| Suppliers | 440/4 | €17,231 | €8,667 | -€8,564 | -49.7% |
| Taxes, remuneration and social security | 45 | €8,700 | €8,038 | -€662 | -7.6% |
| Taxes | 450/3 | €8,340 | €7,848 | -€492 | -5.9% |
| Remuneration and social security | 454/9 | €360 | €190 | -€170 | -47.2% |
| Accrued charges and deferred income | 492/3 | €1,321 | €1,458 | +€137 | +10.4% |
| Non-recurring operating income | 76A | - | €2,489 | +€2,489 | |
| Remuneration, social security and pensions | 62 | - | €1,267 | +€1,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,707 | €1,830 | -€3,877 | -67.9% |
| Other operating charges | 640/8 | €2,141 | €2,104 | -€37 | -1.7% |
| Gross operating margin | 9900 | €5,621 | €31,498 | +€25,877 | +460% |
| Operating profit (loss) | 9901 | -€2,226 | €26,298 | +€28,524 | |
| Financial income | 75/76B | €2,216 | €2,777 | +€560 | +25.3% |
| Recurring financial income | 75 | €1,217 | €2,777 | +€1,560 | +128% |
| Non-recurring financial income | 76B | €999 | - | -€999 | |
| Financial charges | 65/66B | €10,079 | €3,650 | -€6,430 | -63.8% |
| Recurring financial charges | 65 | €779 | €3,650 | +€2,870 | +368% |
| Non-recurring financial charges | 66B | €9,300 | - | -€9,300 | |
| Profit (loss) for the period before taxes | 9903 | -€10,089 | €25,425 | +€35,514 | |
| Income taxes | 67/77 | €349 | €5,945 | +€5,595 | +1,602% |
| Profit (loss) for the period | 9904 | -€10,439 | €19,480 | +€29,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,439 | €19,480 | +€29,919 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.