Starter-IT: 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.
Starter-IT
Largest movements
- Tangible fixed assets +€20,354
up €20,354 (+137.9%), from €14,763 to €35,117
of which Furniture and vehicles: +€24,409
- Intangible fixed assets -€15,661
down €15,661 (-45.5%), from €34,385 to €18,723
- Receivables within one year +€11,671
up €11,671 (+124.4%), from €9,381 to €21,052
of which Trade receivables: +€10,992
- Cash -€1,850
down €1,850 (-47.8%), from €3,867 to €2,017
mainly Investment in fixed assets (net) (-€30,502) and Receivables within one year (-€11,671)
- Deferred charges and accrued income -€1,530
down €1,530 (-66.5%), from €2,302 to €772
- Current portion of long-term debt +€7,225
up €7,225 (+125.4%), from €5,760 to €12,985
- Other debts +€6,209
up €6,209 (+27.4%), from €22,623 to €28,832
- Profit (loss) carried forward -€3,269
down €3,269 (-408.9%), from -€800 to -€4,069
- Trade debts +€2,174
up €2,174 (+91.2%), from €2,384 to €4,558
- Short-term financial debts +€1,732
new in 2025: €1,732
- Gross operating margin +€67,281
up €67,281, from -€39,796 to €27,485
- Depreciation +€4,814
up €4,814 (+22.9%), from €20,995 to €25,808
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 | €69,310 | €82,241 | +€12,930 | +18.7% |
| Fixed assets | 21/28 | €53,648 | €58,341 | +€4,693 | +8.7% |
| Intangible fixed assets | 21 | €34,385 | €18,723 | -€15,661 | -45.5% |
| Tangible fixed assets | 22/27 | €14,763 | €35,117 | +€20,354 | +137.9% |
| Plant, machinery and equipment | 23 | €12,638 | €8,583 | -€4,055 | -32.1% |
| Furniture and vehicles | 24 | €2,125 | €26,534 | +€24,409 | +1148.6% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €15,663 | €23,900 | +€8,237 | +52.6% |
| Stocks and contracts in progress | 3 | €113 | €59 | -€54 | -47.5% |
| Stocks | 30/36 | €113 | €59 | -€54 | -47.5% |
| Amounts receivable within one year | 40/41 | €9,381 | €21,052 | +€11,671 | +124.4% |
| Trade receivables | 40 | €9,332 | €20,323 | +€10,992 | +117.8% |
| Other amounts receivable | 41 | €49 | €729 | +€680 | +1383.9% |
| Cash at bank and in hand | 54/58 | €3,867 | €2,017 | -€1,850 | -47.8% |
| Deferred charges and accrued income | 490/1 | €2,302 | €772 | -€1,530 | -66.5% |
| Total equity and liabilities | 10/49 | €69,310 | €82,241 | +€12,930 | +18.7% |
| Equity | 10/15 | €19,660 | €16,391 | -€3,269 | -16.6% |
| 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 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€800 | -€4,069 | -€3,269 | -408.9% |
| Amounts payable | 17/49 | €49,650 | €65,850 | +€16,200 | +32.6% |
| Amounts payable after more than one year | 17 | €16,337 | €15,405 | -€932 | -5.7% |
| Financial debts | 170/4 | €16,337 | €15,405 | -€932 | -5.7% |
| Amounts payable within one year | 42/48 | €33,313 | €50,445 | +€17,132 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €5,760 | €12,985 | +€7,225 | +125.4% |
| Financial debts | 43 | - | €1,732 | +€1,732 | |
| Credit institutions | 430/8 | - | €1,732 | +€1,732 | |
| Trade debts | 44 | €2,384 | €4,558 | +€2,174 | +91.2% |
| Suppliers | 440/4 | €2,384 | €4,558 | +€2,174 | +91.2% |
| Taxes, remuneration and social security | 45 | €2,546 | €2,338 | -€207 | -8.1% |
| Taxes | 450/3 | €1,546 | €1,338 | -€207 | -13.4% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €22,623 | €28,832 | +€6,209 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,995 | €25,808 | +€4,814 | +22.9% |
| Other operating charges | 640/8 | €1,939 | €2,174 | +€235 | +12.1% |
| Gross operating margin | 9900 | -€39,796 | €27,485 | +€67,281 | |
| Operating profit (loss) | 9901 | -€62,730 | -€497 | +€62,233 | +99.2% |
| Financial charges | 65/66B | €2,018 | €2,389 | +€371 | +18.4% |
| Recurring financial charges | 65 | €2,018 | €2,389 | +€371 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€64,748 | -€2,886 | +€61,862 | +95.5% |
| Income taxes | 67/77 | €208 | €383 | +€174 | +83.7% |
| Profit (loss) for the period | 9904 | -€64,956 | -€3,269 | +€61,687 | +95.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,956 | -€3,269 | +€61,687 | +95.0% |
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 4 October 2026 via checked.be.