STARTVENTURE: 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.
STARTVENTURE
Largest movements
- Tangible fixed assets +€53,347
up €53,347 (+19.3%), from €277,014 to €330,361
of which Land and buildings: +€50,346
- Receivables within one year -€17,353
down €17,353 (-39.3%), from €44,155 to €26,802
of which Other amounts receivable: -€17,353
- Cash -€5,798
down €5,798 (-27.7%), from €20,927 to €15,129
mainly Investment in fixed assets (net) (-€62,647) and Contributions, distributions and other (-€60,494)
- Other debts +€87,905
up €87,905, from €0 to €87,905
- Reserves -€60,494
down €60,494 (-100%), from €60,494 to €0
of which Distributable reserves: -€60,494
- Debts after one year -€21,158
down €21,158 (-13.0%), from €163,138 to €141,980
- Profit (loss) carried forward +€20,599
up €20,599 (+21.7%), from €95,031 to €115,630
- Gross operating margin -€20,542
down €20,542 (-26.3%), from €78,215 to €57,673
- Financial charges +€6,569
up €6,569 (+60.9%), from €10,795 to €17,363
- Depreciation +€2,199
up €2,199 (+31.0%), from €7,101 to €9,300
- Financial income +€2,057
up €2,057 (+580%), from €355 to €2,411
- Taxes -€1,113
down €1,113 (-8.5%), from €13,167 to €12,054
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 | €369,754 | €401,710 | +€31,956 | +8.6% |
| Fixed assets | 21/28 | €304,424 | €357,771 | +€53,347 | +17.5% |
| Tangible fixed assets | 22/27 | €277,014 | €330,361 | +€53,347 | +19.3% |
| Land and buildings | 22 | €271,832 | €322,178 | +€50,346 | +18.5% |
| Plant, machinery and equipment | 23 | €5,182 | €4,595 | -€586 | -11.3% |
| Furniture and vehicles | 24 | - | €3,588 | +€3,588 | |
| Financial fixed assets | 28 | €27,410 | €27,410 | = | 0.0% |
| Current assets | 29/58 | €65,330 | €43,939 | -€21,391 | -32.7% |
| Amounts receivable within one year | 40/41 | €44,155 | €26,802 | -€17,353 | -39.3% |
| Trade receivables | 40 | €16,940 | €16,940 | = | 0.0% |
| Other amounts receivable | 41 | €27,215 | €9,862 | -€17,353 | -63.8% |
| Cash at bank and in hand | 54/58 | €20,927 | €15,129 | -€5,798 | -27.7% |
| Deferred charges and accrued income | 490/1 | €248 | €2,008 | +€1,760 | +710% |
| Total equity and liabilities | 10/49 | €369,754 | €401,710 | +€31,956 | +8.6% |
| Equity | 10/15 | €174,125 | €134,230 | -€39,895 | -22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,494 | €0 | -€60,494 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €60,494 | €0 | -€60,494 | -100% |
| Profit (loss) carried forward | 14 | €95,031 | €115,630 | +€20,599 | +21.7% |
| Amounts payable | 17/49 | €195,629 | €267,480 | +€71,851 | +36.7% |
| Amounts payable after more than one year | 17 | €163,138 | €141,980 | -€21,158 | -13.0% |
| Financial debts | 170/4 | €163,138 | €141,980 | -€21,158 | -13.0% |
| Amounts payable within one year | 42/48 | €32,490 | €122,805 | +€90,314 | +278% |
| Current portion of amounts payable after more than one year | 42 | €20,501 | €21,158 | +€657 | +3.2% |
| Trade debts | 44 | €2,080 | €1,721 | -€360 | -17.3% |
| Suppliers | 440/4 | €2,080 | €1,721 | -€360 | -17.3% |
| Taxes, remuneration and social security | 45 | €9,909 | €12,021 | +€2,112 | +21.3% |
| Taxes | 450/3 | €9,909 | €12,021 | +€2,112 | +21.3% |
| Other amounts payable | 47/48 | €0 | €87,905 | +€87,905 | |
| Accrued charges and deferred income | 492/3 | €0 | €2,695 | +€2,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,101 | €9,300 | +€2,199 | +31.0% |
| Other operating charges | 640/8 | €776 | €768 | -€8 | -1.1% |
| Gross operating margin | 9900 | €78,215 | €57,673 | -€20,542 | -26.3% |
| Operating profit (loss) | 9901 | €70,338 | €47,605 | -€22,732 | -32.3% |
| Financial income | 75/76B | €355 | €2,411 | +€2,057 | +580% |
| Recurring financial income | 75 | €355 | €2,411 | +€2,057 | +580% |
| Financial charges | 65/66B | €10,795 | €17,363 | +€6,569 | +60.9% |
| Recurring financial charges | 65 | €10,795 | €17,363 | +€6,569 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €59,898 | €32,653 | -€27,245 | -45.5% |
| Income taxes | 67/77 | €13,167 | €12,054 | -€1,113 | -8.5% |
| Profit (loss) for the period | 9904 | €46,731 | €20,599 | -€26,132 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,731 | €20,599 | -€26,132 | -55.9% |
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 13 October 2026 via checked.be.