Sterling Star: 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.
Sterling Star
Largest movements
- Receivables within one year +€221,790
up €221,790 (+275%), from €80,794 to €302,585
of which Trade receivables: +€221,927
- Stocks and contracts +€57,377
up €57,377 (+30.5%), from €188,134 to €245,511
- Cash +€22,536
up €22,536 (+32.8%), from €68,719 to €91,255
mainly Trade debts (+€298,130) and Net result for the year (+€13,842)
- Trade debts +€298,130
up €298,130 (+111%), from €269,241 to €567,371
- Other debts -€20,900
no longer reported in 2025 (was €20,900)
- Reserves +€13,842
up €13,842 (+51.8%), from €26,704 to €40,547
- Financial income +€45,161
new in 2025: €45,161
- Gross operating margin -€34,128
down €34,128, from €24,899 to -€9,228
- Financial charges -€13,543
down €13,543 (-80.5%), from €16,819 to €3,277
- Staff costs +€13,126
new in 2025: €13,126
- Taxes +€3,184
up €3,184 (+178%), from €1,793 to €4,977
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 | €338,345 | €639,857 | +€301,511 | +89.1% |
| Fixed assets | 21/28 | €698 | €506 | -€192 | -27.4% |
| Tangible fixed assets | 22/27 | €698 | €506 | -€192 | -27.4% |
| Plant, machinery and equipment | 23 | €698 | €506 | -€192 | -27.4% |
| Current assets | 29/58 | €337,647 | €639,350 | +€301,703 | +89.4% |
| Stocks and contracts in progress | 3 | €188,134 | €245,511 | +€57,377 | +30.5% |
| Stocks | 30/36 | €188,134 | €245,511 | +€57,377 | +30.5% |
| Amounts receivable within one year | 40/41 | €80,794 | €302,585 | +€221,790 | +275% |
| Trade receivables | 40 | €78,942 | €300,869 | +€221,927 | +281% |
| Other amounts receivable | 41 | €1,852 | €1,716 | -€136 | -7.4% |
| Cash at bank and in hand | 54/58 | €68,719 | €91,255 | +€22,536 | +32.8% |
| Total equity and liabilities | 10/49 | €338,345 | €639,857 | +€301,511 | +89.1% |
| Equity | 10/15 | €46,704 | €60,547 | +€13,842 | +29.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €26,704 | €40,547 | +€13,842 | +51.8% |
| Distributable reserves | 133 | €26,704 | €40,547 | +€13,842 | +51.8% |
| Amounts payable | 17/49 | €291,641 | €579,310 | +€287,669 | +98.6% |
| Amounts payable within one year | 42/48 | €291,641 | €574,954 | +€283,313 | +97.1% |
| Trade debts | 44 | €269,241 | €567,371 | +€298,130 | +111% |
| Suppliers | 440/4 | €269,241 | €567,371 | +€298,130 | +111% |
| Taxes, remuneration and social security | 45 | €1,500 | €7,583 | +€6,083 | +406% |
| Taxes | 450/3 | €1,500 | €5,000 | +€3,500 | +233% |
| Remuneration and social security | 454/9 | - | €2,583 | +€2,583 | |
| Other amounts payable | 47/48 | €20,900 | - | -€20,900 | |
| Accrued charges and deferred income | 492/3 | - | €4,356 | +€4,356 | |
| Remuneration, social security and pensions | 62 | - | €13,126 | +€13,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €192 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €24,899 | -€9,228 | -€34,128 | |
| Operating profit (loss) | 9901 | €24,203 | -€23,065 | -€47,268 | |
| Financial income | 75/76B | - | €45,161 | +€45,161 | |
| Recurring financial income | 75 | - | €45,161 | +€45,161 | |
| Financial charges | 65/66B | €16,819 | €3,277 | -€13,543 | -80.5% |
| Recurring financial charges | 65 | €16,819 | €3,277 | -€13,543 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | €7,383 | €18,819 | +€11,436 | +155% |
| Income taxes | 67/77 | €1,793 | €4,977 | +€3,184 | +178% |
| Profit (loss) for the period | 9904 | €5,590 | €13,842 | +€8,252 | +148% |
| Profit (loss) for the period to be appropriated | 9905 | €5,590 | €13,842 | +€8,252 | +148% |
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 16 October 2026 via checked.be.