STARSIM: 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.
STARSIM
Largest movements
- Cash +€116,860
up €116,860 (+248%), from €47,069 to €163,929
mainly Receivables within one year (+€50,431) and Other debts (+€46,280)
- Receivables within one year -€50,431
down €50,431 (-44.7%), from €112,773 to €62,342
of which Trade receivables: -€39,523
- Tangible fixed assets -€3,377
down €3,377 (-59.4%), from €5,682 to €2,305
of which Furniture and vehicles: -€3,377
- Other debts +€46,280
new in 2025: €46,280
- Tax, wage and social debts +€21,330
new in 2025: €21,330
- Profit (loss) carried forward -€3,703
down €3,703 (-4.0%), from €92,849 to €89,146
- Gross operating margin +€29,808
up €29,808 (+86.4%), from €34,518 to €64,326
- Taxes +€9,759
new in 2025: €9,759
- Other operating charges +€2,941
up €2,941 (+73.6%), from €3,994 to €6,935
- Depreciation -€2,118
down €2,118 (-36.2%), from €5,844 to €3,726
- Write-downs +€1,092
new in 2025: €1,092
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 | €165,524 | €228,576 | +€63,053 | +38.1% |
| Fixed assets | 21/28 | €5,682 | €2,305 | -€3,377 | -59.4% |
| Tangible fixed assets | 22/27 | €5,682 | €2,305 | -€3,377 | -59.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €5,682 | €2,305 | -€3,377 | -59.4% |
| Current assets | 29/58 | €159,842 | €226,272 | +€66,430 | +41.6% |
| Amounts receivable within one year | 40/41 | €112,773 | €62,342 | -€50,431 | -44.7% |
| Trade receivables | 40 | €39,750 | €227 | -€39,523 | -99.4% |
| Other amounts receivable | 41 | €73,023 | €62,116 | -€10,907 | -14.9% |
| Cash at bank and in hand | 54/58 | €47,069 | €163,929 | +€116,860 | +248% |
| Total equity and liabilities | 10/49 | €165,524 | €228,576 | +€63,053 | +38.1% |
| Equity | 10/15 | €113,309 | €109,606 | -€3,703 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,849 | €89,146 | -€3,703 | -4.0% |
| Amounts payable | 17/49 | €52,215 | €118,970 | +€66,756 | +128% |
| Amounts payable within one year | 42/48 | €52,215 | €118,970 | +€66,756 | +128% |
| Trade debts | 44 | €52,215 | €51,360 | -€854 | -1.6% |
| Suppliers | 440/4 | €52,215 | €51,360 | -€854 | -1.6% |
| Taxes, remuneration and social security | 45 | - | €21,330 | +€21,330 | |
| Taxes | 450/3 | - | €21,330 | +€21,330 | |
| Other amounts payable | 47/48 | - | €46,280 | +€46,280 | |
| Remuneration, social security and pensions | 62 | €146 | - | -€146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,844 | €3,726 | -€2,118 | -36.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,092 | +€1,092 | |
| Other operating charges | 640/8 | €3,994 | €6,935 | +€2,941 | +73.6% |
| Gross operating margin | 9900 | €34,518 | €64,326 | +€29,808 | +86.4% |
| Operating profit (loss) | 9901 | €24,533 | €52,573 | +€28,039 | +114% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €149 | €238 | +€88 | +59.1% |
| Recurring financial charges | 65 | €149 | €238 | +€88 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €24,384 | €52,336 | +€27,952 | +115% |
| Income taxes | 67/77 | - | €9,759 | +€9,759 | |
| Profit (loss) for the period | 9904 | €24,384 | €42,577 | +€18,193 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,384 | €42,577 | +€18,193 | +74.6% |
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 30 October 2026 via checked.be.