STARZ PROJECTS: 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.
STARZ PROJECTS
Largest movements
- Receivables within one year -€31,446
down €31,446 (-71.1%), from €44,233 to €12,788
of which Trade receivables: -€17,350
- Stocks and contracts +€17,458
up €17,458 (+216.6%), from €8,059 to €25,516
- Financial fixed assets -€3,168
down €3,168 (-99.7%), from €3,178 to €10
- Trade debts -€23,343
down €23,343 (-39.8%), from €58,594 to €35,250
- Tax, wage and social debts +€12,062
up €12,062 (+95.4%), from €12,648 to €24,709
- Other debts -€7,322
down €7,322 (-2.7%), from €271,321 to €263,999
- Profit (loss) carried forward +€7,015
up €7,015 (+2.3%), from -€309,947 to -€302,932
- Advances received -€5,039
down €5,039 (-100.0%), from €5,039 to €0
- Gross operating margin +€27,338
up €27,338, from -€17,481 to €9,857
- Financial charges +€491
up €491 (+75.4%), from €651 to €1,142
- Other operating charges +€374
up €374 (+26.8%), from €1,397 to €1,771
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 | €56,267 | €39,627 | -€16,640 | -29.6% |
| Fixed assets | 21/28 | €3,178 | €10 | -€3,168 | -99.7% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €3,178 | €10 | -€3,168 | -99.7% |
| Current assets | 29/58 | €53,089 | €39,617 | -€13,473 | -25.4% |
| Stocks and contracts in progress | 3 | €8,059 | €25,516 | +€17,458 | +216.6% |
| Stocks | 30/36 | €8,059 | €25,516 | +€17,458 | +216.6% |
| Amounts receivable within one year | 40/41 | €44,233 | €12,788 | -€31,446 | -71.1% |
| Trade receivables | 40 | €18,365 | €1,015 | -€17,350 | -94.5% |
| Other amounts receivable | 41 | €25,868 | €11,773 | -€14,096 | -54.5% |
| Cash at bank and in hand | 54/58 | €797 | €1,312 | +€515 | +64.6% |
| Total equity and liabilities | 10/49 | €56,267 | €39,627 | -€16,640 | -29.6% |
| Equity | 10/15 | -€291,347 | -€284,332 | +€7,015 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€309,947 | -€302,932 | +€7,015 | +2.3% |
| Amounts payable | 17/49 | €347,614 | €323,959 | -€23,655 | -6.8% |
| Amounts payable within one year | 42/48 | €347,614 | €323,959 | -€23,655 | -6.8% |
| Financial debts | 43 | €12 | €0 | -€12 | -100.0% |
| Credit institutions | 430/8 | €12 | €0 | -€12 | -100.0% |
| Trade debts | 44 | €58,594 | €35,250 | -€23,343 | -39.8% |
| Suppliers | 440/4 | €58,594 | €35,250 | -€23,343 | -39.8% |
| Advances received on contracts in progress | 46 | €5,039 | €0 | -€5,039 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,648 | €24,709 | +€12,062 | +95.4% |
| Taxes | 450/3 | €12,648 | €24,709 | +€12,062 | +95.4% |
| Other amounts payable | 47/48 | €271,321 | €263,999 | -€7,322 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,397 | €1,771 | +€374 | +26.8% |
| Gross operating margin | 9900 | -€17,481 | €9,857 | +€27,338 | |
| Operating profit (loss) | 9901 | -€18,879 | €8,086 | +€26,965 | |
| Financial income | 75/76B | €72 | €71 | -€2 | -2.6% |
| Recurring financial income | 75 | €72 | €71 | -€2 | -2.6% |
| Financial charges | 65/66B | €651 | €1,142 | +€491 | +75.4% |
| Recurring financial charges | 65 | €651 | €1,142 | +€491 | +75.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,457 | €7,015 | +€26,472 | |
| Profit (loss) for the period | 9904 | -€19,457 | €7,015 | +€26,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,457 | €7,015 | +€26,472 |
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.