STARTEC: what changed
Two fiscal 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.
STARTEC
Largest movements
- Receivables within one year +€11,823
up €11,823 (+1539.5%), from €768 to €12,591
- Stocks and contracts -€1,125
no longer reported in 2025 (was €1,125)
- Other debts +€10,003
up €10,003 (+47.1%), from €21,252 to €31,255
- Profit (loss) carried forward +€1,688
up €1,688 (+3.4%), from -€49,660 to -€47,972
- Tax, wage and social debts -€853
down €853 (-85.7%), from €995 to €142
- Gross operating margin +€2,268
up €2,268 (+134.2%), from €1,690 to €3,958
- Write-downs +€1,125
new in 2025: €1,125
- Financial charges -€333
no longer reported in 2025 (was €333)
- Taxes +€300
new in 2025: €300
- Financial income +€155
new in 2025: €155
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.
Cash bridge derived
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 | €1,952 | €12,712 | +€10,760 | +551.2% |
| Current assets | 29/58 | €1,952 | €12,712 | +€10,760 | +551.2% |
| Stocks and contracts in progress | 3 | €1,125 | - | -€1,125 | |
| Stocks | 30/36 | €1,125 | - | -€1,125 | |
| Amounts receivable within one year | 40/41 | €768 | €12,591 | +€11,823 | +1539.5% |
| Trade receivables | 40 | €768 | €12,591 | +€11,823 | +1539.5% |
| Cash at bank and in hand | 54/58 | €59 | €121 | +€62 | +105.1% |
| Total equity and liabilities | 10/49 | €1,952 | €12,712 | +€10,760 | +551.2% |
| Equity | 10/15 | -€30,373 | -€28,685 | +€1,688 | +5.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €695 | €695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47 | €47 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47 | €47 | = | 0.0% |
| Distributable reserves | 133 | €648 | €648 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,660 | -€47,972 | +€1,688 | +3.4% |
| Amounts payable | 17/49 | €32,325 | €41,397 | +€9,072 | +28.1% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,325 | €31,397 | +€9,072 | +40.6% |
| Trade debts | 44 | €78 | - | -€78 | |
| Suppliers | 440/4 | €78 | - | -€78 | |
| Taxes, remuneration and social security | 45 | €995 | €142 | -€853 | -85.7% |
| Taxes | 450/3 | €995 | €142 | -€853 | -85.7% |
| Other amounts payable | 47/48 | €21,252 | €31,255 | +€10,003 | +47.1% |
| Remuneration, social security and pensions | 62 | €222 | €128 | -€94 | -42.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,125 | +€1,125 | |
| Other operating charges | 640/8 | €845 | €872 | +€27 | +3.2% |
| Gross operating margin | 9900 | €1,690 | €3,958 | +€2,268 | +134.2% |
| Operating profit (loss) | 9901 | €623 | €1,833 | +€1,210 | +194.2% |
| Financial income | 75/76B | - | €155 | +€155 | |
| Recurring financial income | 75 | - | €155 | +€155 | |
| Financial charges | 65/66B | €333 | - | -€333 | |
| Recurring financial charges | 65 | €333 | - | -€333 | |
| Profit (loss) for the period before taxes | 9903 | €290 | €1,988 | +€1,698 | +585.5% |
| Income taxes | 67/77 | - | €300 | +€300 | |
| Profit (loss) for the period | 9904 | €290 | €1,688 | +€1,398 | +482.1% |
| Profit (loss) for the period to be appropriated | 9905 | €290 | €1,688 | +€1,398 | +482.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.