STARTIGO: 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.
STARTIGO
Largest movements
- Cash +€36,150
up €36,150 (+18.6%), from €193,939 to €230,088
mainly Net result for the year (+€60,723) and Depreciation (+€257)
- Receivables within one year +€3,530
up €3,530 (+16.6%), from €21,252 to €24,782
of which Trade receivables: +€1,903
- Profit (loss) carried forward +€40,723
up €40,723 (+24.4%), from €166,913 to €207,636
- Gross operating margin +€1,963
up €1,963 (+2.4%), from €80,221 to €82,184
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 | €215,216 | €256,030 | +€40,814 | +19.0% |
| Fixed assets | 21/28 | €25 | €777 | +€752 | +3,008% |
| Tangible fixed assets | 22/27 | - | €752 | +€752 | |
| Plant, machinery and equipment | 23 | - | €752 | +€752 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €215,191 | €255,253 | +€40,062 | +18.6% |
| Amounts receivable within one year | 40/41 | €21,252 | €24,782 | +€3,530 | +16.6% |
| Trade receivables | 40 | €11,652 | €13,556 | +€1,903 | +16.3% |
| Other amounts receivable | 41 | €9,600 | €11,226 | +€1,626 | +16.9% |
| Cash at bank and in hand | 54/58 | €193,939 | €230,088 | +€36,150 | +18.6% |
| Deferred charges and accrued income | 490/1 | - | €383 | +€383 | |
| Total equity and liabilities | 10/49 | €215,216 | €256,030 | +€40,814 | +19.0% |
| Equity | 10/15 | €187,318 | €228,041 | +€40,723 | +21.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,913 | €207,636 | +€40,723 | +24.4% |
| Amounts payable | 17/49 | €27,898 | €27,989 | +€91 | +0.3% |
| Amounts payable within one year | 42/48 | €27,898 | €27,989 | +€91 | +0.3% |
| Trade debts | 44 | €730 | €644 | -€86 | -11.8% |
| Suppliers | 440/4 | €730 | €644 | -€86 | -11.8% |
| Taxes, remuneration and social security | 45 | €7,168 | €7,345 | +€177 | +2.5% |
| Taxes | 450/3 | €7,168 | €7,345 | +€177 | +2.5% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €257 | +€257 | |
| Other operating charges | 640/8 | - | €211 | +€211 | |
| Gross operating margin | 9900 | €80,221 | €82,184 | +€1,963 | +2.4% |
| Operating profit (loss) | 9901 | €80,221 | €81,716 | +€1,495 | +1.9% |
| Financial charges | 65/66B | €296 | €296 | +€0 | 0.0% |
| Recurring financial charges | 65 | €296 | €296 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €79,925 | €81,420 | +€1,495 | +1.9% |
| Income taxes | 67/77 | €20,323 | €20,697 | +€374 | +1.8% |
| Profit (loss) for the period | 9904 | €59,601 | €60,723 | +€1,121 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,601 | €60,723 | +€1,121 | +1.9% |
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 22 October 2026 via checked.be.