STARS & SKY: 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 & SKY
Largest movements
- Cash +€7,849
up €7,849 (+43.9%), from €17,882 to €25,730
mainly Net result for the year (+€10,759) and Deferred charges and accrued income (+€118)
- Receivables within one year +€309
up €309 (+31.9%), from €970 to €1,279
- Profit (loss) carried forward +€10,759
up €10,759 (+261%), from €4,125 to €14,884
- Trade debts -€2,726
down €2,726 (-85.2%), from €3,198 to €472
- Gross operating margin +€6,868
up €6,868 (+72.1%), from €9,531 to €16,398
- Depreciation -€1,827
no longer reported in 2025 (was €1,827)
- Taxes +€1,771
up €1,771 (+150%), from €1,180 to €2,951
- Financial charges +€598
up €598 (+41.5%), from €1,440 to €2,037
- Other operating charges -€306
down €306 (-31.9%), from €959 to €653
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 | €20,049 | €28,089 | +€8,039 | +40.1% |
| Current assets | 29/58 | €20,049 | €28,089 | +€8,039 | +40.1% |
| Amounts receivable within one year | 40/41 | €970 | €1,279 | +€309 | +31.9% |
| Other amounts receivable | 41 | €970 | €1,279 | +€309 | +31.9% |
| Cash at bank and in hand | 54/58 | €17,882 | €25,730 | +€7,849 | +43.9% |
| Deferred charges and accrued income | 490/1 | €1,197 | €1,079 | -€118 | -9.9% |
| Total equity and liabilities | 10/49 | €20,049 | €28,089 | +€8,039 | +40.1% |
| Equity | 10/15 | €9,125 | €19,884 | +€10,759 | +118% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,125 | €14,884 | +€10,759 | +261% |
| Amounts payable | 17/49 | €10,924 | €8,205 | -€2,719 | -24.9% |
| Amounts payable within one year | 42/48 | €10,924 | €8,205 | -€2,719 | -24.9% |
| Trade debts | 44 | €3,198 | €472 | -€2,726 | -85.2% |
| Suppliers | 440/4 | €3,198 | €472 | -€2,726 | -85.2% |
| Taxes, remuneration and social security | 45 | €2,080 | €2,080 | = | 0.0% |
| Taxes | 450/3 | €2,080 | €2,080 | = | 0.0% |
| Other amounts payable | 47/48 | €5,647 | €5,653 | +€6 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,827 | - | -€1,827 | |
| Other operating charges | 640/8 | €959 | €653 | -€306 | -31.9% |
| Gross operating margin | 9900 | €9,531 | €16,398 | +€6,868 | +72.1% |
| Operating profit (loss) | 9901 | €6,744 | €15,745 | +€9,001 | +133% |
| Financial income | 75/76B | €0 | €2 | +€2 | +19,900% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +19,900% |
| Financial charges | 65/66B | €1,440 | €2,037 | +€598 | +41.5% |
| Recurring financial charges | 65 | €1,440 | €2,037 | +€598 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €5,305 | €13,710 | +€8,405 | +158% |
| Income taxes | 67/77 | €1,180 | €2,951 | +€1,771 | +150% |
| Profit (loss) for the period | 9904 | €4,125 | €10,759 | +€6,634 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €4,125 | €10,759 | +€6,634 | +161% |
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 29 October 2026 via checked.be.