StartAhead: 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.
StartAhead
Largest movements
- Receivables within one year -€42,846
down €42,846 (-79.4%), from €53,955 to €11,109
of which Trade receivables: -€25,674
- Tangible fixed assets -€8,872
down €8,872 (-27.7%), from €32,031 to €23,159
of which Furniture and vehicles: -€8,971
- Cash +€7,920
up €7,920 (+67.5%), from €11,732 to €19,652
mainly Receivables within one year (+€42,846) and Depreciation (+€14,882)
- Deferred charges and accrued income +€5,015
up €5,015 (+1,589%), from €316 to €5,331
- Other debts -€23,500
down €23,500 (-100%), from €23,500 to €0
- Trade debts -€13,140
down €13,140 (-92.4%), from €14,226 to €1,086
- Reserves +€10,751
up €10,751 (+35.5%), from €30,310 to €41,061
of which Distributable reserves: +€10,751
- Current portion of long-term debt -€8,723
down €8,723 (-66.3%), from €13,159 to €4,436
- Debts after one year -€4,436
down €4,436 (-100%), from €4,436 to €0
- Gross operating margin +€8,971
up €8,971 (+37.0%), from €24,221 to €33,193
- Taxes +€2,797
up €2,797 (+75.2%), from €3,721 to €6,518
- Depreciation +€1,424
up €1,424 (+10.6%), from €13,458 to €14,882
- Financial charges -€708
down €708 (-44.0%), from €1,611 to €903
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 | €98,033 | €59,250 | -€38,782 | -39.6% |
| Fixed assets | 21/28 | €32,031 | €23,159 | -€8,872 | -27.7% |
| Tangible fixed assets | 22/27 | €32,031 | €23,159 | -€8,872 | -27.7% |
| Plant, machinery and equipment | 23 | €2,874 | €3,380 | +€507 | +17.6% |
| Furniture and vehicles | 24 | €27,935 | €18,964 | -€8,971 | -32.1% |
| Other tangible fixed assets | 26 | €1,222 | €814 | -€407 | -33.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €66,002 | €36,092 | -€29,911 | -45.3% |
| Amounts receivable within one year | 40/41 | €53,955 | €11,109 | -€42,846 | -79.4% |
| Trade receivables | 40 | €26,158 | €484 | -€25,674 | -98.1% |
| Other amounts receivable | 41 | €27,797 | €10,625 | -€17,172 | -61.8% |
| Cash at bank and in hand | 54/58 | €11,732 | €19,652 | +€7,920 | +67.5% |
| Deferred charges and accrued income | 490/1 | €316 | €5,331 | +€5,015 | +1,589% |
| Total equity and liabilities | 10/49 | €98,033 | €59,250 | -€38,782 | -39.6% |
| Equity | 10/15 | €36,510 | €47,261 | +€10,751 | +29.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,310 | €41,061 | +€10,751 | +35.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,450 | €39,201 | +€10,751 | +37.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,523 | €11,990 | -€49,533 | -80.5% |
| Amounts payable after more than one year | 17 | €4,436 | €0 | -€4,436 | -100% |
| Financial debts | 170/4 | €4,436 | €0 | -€4,436 | -100% |
| Amounts payable within one year | 42/48 | €57,087 | €11,990 | -€45,097 | -79.0% |
| Current portion of amounts payable after more than one year | 42 | €13,159 | €4,436 | -€8,723 | -66.3% |
| Trade debts | 44 | €14,226 | €1,086 | -€13,140 | -92.4% |
| Suppliers | 440/4 | €14,226 | €1,086 | -€13,140 | -92.4% |
| Taxes, remuneration and social security | 45 | €6,201 | €6,467 | +€266 | +4.3% |
| Taxes | 450/3 | €6,201 | €6,467 | +€266 | +4.3% |
| Other amounts payable | 47/48 | €23,500 | €0 | -€23,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,458 | €14,882 | +€1,424 | +10.6% |
| Other operating charges | 640/8 | €309 | €306 | -€3 | -1.0% |
| Gross operating margin | 9900 | €24,221 | €33,193 | +€8,971 | +37.0% |
| Operating profit (loss) | 9901 | €10,454 | €18,004 | +€7,551 | +72.2% |
| Financial income | 75/76B | €337 | €168 | -€170 | -50.3% |
| Recurring financial income | 75 | €337 | €168 | -€170 | -50.3% |
| Financial charges | 65/66B | €1,611 | €903 | -€708 | -44.0% |
| Recurring financial charges | 65 | €1,611 | €903 | -€708 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €9,180 | €17,269 | +€8,089 | +88.1% |
| Income taxes | 67/77 | €3,721 | €6,518 | +€2,797 | +75.2% |
| Profit (loss) for the period | 9904 | €5,459 | €10,751 | +€5,292 | +96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,459 | €10,751 | +€5,292 | +96.9% |
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.