STARSHIP: 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.
STARSHIP
Largest movements
- Stocks and contracts -€21,975
down €21,975 (-19.1%), from €114,807 to €92,832
- Trade debts -€59,775
down €59,775 (-55.3%), from €108,187 to €48,412
- Other debts +€16,576
up €16,576 (+76.8%), from €21,576 to €38,152
- Profit (loss) carried forward +€10,225
up €10,225 (+3.1%), from -€325,172 to -€314,947
- Tax, wage and social debts +€9,859
up €9,859 (+73.9%), from €13,347 to €23,206
of which Taxes: +€5,743
- Gross operating margin -€44,966
down €44,966 (-46.4%), from €96,929 to €51,963
- Write-downs -€4,716
down €4,716, from €1,742 to -€2,975
- Staff costs +€1,292
up €1,292 (+3.1%), from €42,133 to €43,425
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 | €134,280 | €111,164 | -€23,116 | -17.2% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €134,280 | €111,164 | -€23,116 | -17.2% |
| Stocks and contracts in progress | 3 | €114,807 | €92,832 | -€21,975 | -19.1% |
| Stocks | 30/36 | €114,807 | €92,832 | -€21,975 | -19.1% |
| Amounts receivable within one year | 40/41 | €263 | €34 | -€229 | -87.2% |
| Other amounts receivable | 41 | €263 | €34 | -€229 | -87.2% |
| Cash at bank and in hand | 54/58 | €18,867 | €18,298 | -€568 | -3.0% |
| Deferred charges and accrued income | 490/1 | €343 | - | -€343 | |
| Total equity and liabilities | 10/49 | €134,280 | €111,164 | -€23,116 | -17.2% |
| Equity | 10/15 | -€8,830 | €1,395 | +€10,225 | |
| Contributions | 10/11 | €303,947 | €303,947 | = | 0.0% |
| Capital | 10 | €303,947 | €303,947 | = | 0.0% |
| Issued capital | 100 | €303,947 | €303,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€325,172 | -€314,947 | +€10,225 | +3.1% |
| Amounts payable | 17/49 | €143,110 | €109,769 | -€33,341 | -23.3% |
| Amounts payable within one year | 42/48 | €143,110 | €109,769 | -€33,341 | -23.3% |
| Trade debts | 44 | €108,187 | €48,412 | -€59,775 | -55.3% |
| Suppliers | 440/4 | €108,187 | €48,412 | -€59,775 | -55.3% |
| Taxes, remuneration and social security | 45 | €13,347 | €23,206 | +€9,859 | +73.9% |
| Taxes | 450/3 | €2,490 | €8,233 | +€5,743 | +231% |
| Remuneration and social security | 454/9 | €10,858 | €14,973 | +€4,115 | +37.9% |
| Other amounts payable | 47/48 | €21,576 | €38,152 | +€16,576 | +76.8% |
| Remuneration, social security and pensions | 62 | €42,133 | €43,425 | +€1,292 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,742 | -€2,975 | -€4,716 | |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €96,929 | €51,963 | -€44,966 | -46.4% |
| Operating profit (loss) | 9901 | €52,540 | €10,984 | -€41,556 | -79.1% |
| Financial income | 75/76B | €158 | €160 | +€2 | +1.3% |
| Recurring financial income | 75 | €158 | €160 | +€2 | +1.3% |
| Financial charges | 65/66B | €910 | €920 | +€10 | +1.1% |
| Recurring financial charges | 65 | €910 | €920 | +€10 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €51,789 | €10,225 | -€41,564 | -80.3% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €51,789 | €10,225 | -€41,564 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,789 | €10,225 | -€41,564 | -80.3% |
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 15 October 2026 via checked.be.