STARSEEDS: 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.
STARSEEDS
Largest movements
- Tangible fixed assets +€629,889
up €629,889 (+116%), from €545,352 to €1.2m
- Cash +€618,177
up €618,177 (+331%), from €186,730 to €804,907
mainly Other debts (+€1.3m) and Net result for the year (+€799,484)
- Receivables within one year -€175,458
down €175,458 (-42.5%), from €413,000 to €237,542
- Other debts +€1.3m
up €1.3m (+15,997%), from €7,845 to €1.3m
- Profit (loss) carried forward -€422,312
no longer reported in 2025 (was €422,312)
- Tax, wage and social debts +€259,085
up €259,085 (+134%), from €193,203 to €452,288
- Gross operating margin +€443,663
up €443,663 (+66.0%), from €672,074 to €1.1m
- Taxes +€125,760
up €125,760 (+93.8%), from €134,104 to €259,864
- Depreciation +€20,371
up €20,371 (+155%), from €13,173 to €33,544
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 | €1,147,161 | €2,218,909 | +€1.1m | +93.4% |
| Fixed assets | 21/28 | €545,352 | €1,175,241 | +€629,889 | +116% |
| Tangible fixed assets | 22/27 | €545,352 | €1,175,241 | +€629,889 | +116% |
| Land and buildings | 22 | €545,352 | €1,175,241 | +€629,889 | +116% |
| Current assets | 29/58 | €601,809 | €1,043,668 | +€441,859 | +73.4% |
| Amounts receivable within one year | 40/41 | €413,000 | €237,542 | -€175,458 | -42.5% |
| Trade receivables | 40 | €413,000 | €237,542 | -€175,458 | -42.5% |
| Cash at bank and in hand | 54/58 | €186,730 | €804,907 | +€618,177 | +331% |
| Deferred charges and accrued income | 490/1 | €2,079 | €1,219 | -€860 | -41.4% |
| Total equity and liabilities | 10/49 | €1,147,161 | €2,218,909 | +€1.1m | +93.4% |
| Equity | 10/15 | €442,312 | €20,000 | -€422,312 | -95.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €422,312 | - | -€422,312 | |
| Amounts payable | 17/49 | €704,849 | €2,198,909 | +€1.5m | +212% |
| Amounts payable after more than one year | 17 | €483,428 | €464,569 | -€18,859 | -3.9% |
| Financial debts | 170/4 | €483,428 | €464,569 | -€18,859 | -3.9% |
| Amounts payable within one year | 42/48 | €221,421 | €1,734,340 | +€1.5m | +683% |
| Current portion of amounts payable after more than one year | 42 | €18,134 | €18,859 | +€725 | +4.0% |
| Trade debts | 44 | €2,239 | €405 | -€1,834 | -81.9% |
| Suppliers | 440/4 | €2,239 | €405 | -€1,834 | -81.9% |
| Taxes, remuneration and social security | 45 | €193,203 | €452,288 | +€259,085 | +134% |
| Taxes | 450/3 | €193,203 | €452,288 | +€259,085 | +134% |
| Other amounts payable | 47/48 | €7,845 | €1,262,788 | +€1.3m | +15,997% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,173 | €33,544 | +€20,371 | +155% |
| Other operating charges | 640/8 | €6,118 | €3,391 | -€2,727 | -44.6% |
| Gross operating margin | 9900 | €672,074 | €1,115,737 | +€443,663 | +66.0% |
| Operating profit (loss) | 9901 | €652,783 | €1,078,802 | +€426,019 | +65.3% |
| Financial charges | 65/66B | €25,888 | €19,454 | -€6,434 | -24.9% |
| Recurring financial charges | 65 | €25,888 | €19,454 | -€6,434 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €626,895 | €1,059,348 | +€432,453 | +69.0% |
| Income taxes | 67/77 | €134,104 | €259,864 | +€125,760 | +93.8% |
| Profit (loss) for the period | 9904 | €492,791 | €799,484 | +€306,693 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €492,791 | €799,484 | +€306,693 | +62.2% |
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 14 October 2026 via checked.be.