TWELVE STAR CONSULTING: what changed
TWELVE STAR CONSULTING
Largest movements
- Current investments +€25,000
up €25,000 (+44.6%), from €56,101 to €81,101
- Tangible fixed assets -€16,125
down €16,125 (-15.6%), from €103,285 to €87,159
of which Land and buildings: -€14,340
- Cash -€10,524
down €10,524 (-4.8%), from €219,170 to €208,645
mainly Trade debts (-€36,031) and Current investments (-€25,000)
- Receivables within one year -€4,411
down €4,411 (-10.6%), from €41,742 to €37,331
of which Trade receivables: -€5,345
- Trade debts -€36,031
down €36,031 (-99.5%), from €36,197 to €165
- Reserves +€14,964
new in 2025: €14,964
- Tax, wage and social debts +€12,660
up €12,660 (+696%), from €1,820 to €14,481
of which Remuneration and social security: +€9,121
- Gross operating margin -€3,131
down €3,131 (-6.7%), from €46,812 to €43,680
- Depreciation +€1,599
up €1,599 (+11.0%), from €14,527 to €16,125
- Other operating charges +€1,452
up €1,452 (+41.3%), from €3,518 to €4,970
- Financial income -€937
down €937 (-66.3%), from €1,414 to €477
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €423,045 | €415,923 | -€7,122 | -1.7% |
| Fixed assets | 21/28 | €103,285 | €87,159 | -€16,125 | -15.6% |
| Tangible fixed assets | 22/27 | €103,285 | €87,159 | -€16,125 | -15.6% |
| Land and buildings | 22 | €67,309 | €52,969 | -€14,340 | -21.3% |
| Plant, machinery and equipment | 23 | €1,244 | €1,202 | -€41 | -3.3% |
| Furniture and vehicles | 24 | €34,732 | €32,988 | -€1,744 | -5.0% |
| Current assets | 29/58 | €319,760 | €328,764 | +€9,004 | +2.8% |
| Amounts receivable within one year | 40/41 | €41,742 | €37,331 | -€4,411 | -10.6% |
| Trade receivables | 40 | €35,341 | €29,996 | -€5,345 | -15.1% |
| Other amounts receivable | 41 | €6,401 | €7,335 | +€934 | +14.6% |
| Current investments | 50/53 | €56,101 | €81,101 | +€25,000 | +44.6% |
| Cash at bank and in hand | 54/58 | €219,170 | €208,645 | -€10,524 | -4.8% |
| Deferred charges and accrued income | 490/1 | €2,748 | €1,686 | -€1,061 | -38.6% |
| Total equity and liabilities | 10/49 | €423,045 | €415,923 | -€7,122 | -1.7% |
| Equity | 10/15 | €385,028 | €401,271 | +€16,244 | +4.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €14,964 | +€14,964 | |
| Distributable reserves | 133 | - | €14,964 | +€14,964 | |
| Profit (loss) carried forward | 14 | €383,028 | €384,307 | +€1,280 | +0.3% |
| Amounts payable | 17/49 | €38,017 | €14,652 | -€23,365 | -61.5% |
| Amounts payable within one year | 42/48 | €38,017 | €14,646 | -€23,371 | -61.5% |
| Trade debts | 44 | €36,197 | €165 | -€36,031 | -99.5% |
| Suppliers | 440/4 | €36,197 | €165 | -€36,031 | -99.5% |
| Taxes, remuneration and social security | 45 | €1,820 | €14,481 | +€12,660 | +696% |
| Taxes | 450/3 | €0 | €3,540 | +€3,540 | |
| Remuneration and social security | 454/9 | €1,820 | €10,941 | +€9,121 | +501% |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Non-recurring operating income | 76A | - | €28 | +€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,527 | €16,125 | +€1,599 | +11.0% |
| Other operating charges | 640/8 | €3,518 | €4,970 | +€1,452 | +41.3% |
| Non-recurring operating charges | 66A | €397 | €0 | -€397 | -100% |
| Gross operating margin | 9900 | €46,812 | €43,680 | -€3,131 | -6.7% |
| Operating profit (loss) | 9901 | €28,370 | €22,585 | -€5,785 | -20.4% |
| Financial income | 75/76B | €1,414 | €477 | -€937 | -66.3% |
| Recurring financial income | 75 | €1,414 | €477 | -€937 | -66.3% |
| Financial charges | 65/66B | €252 | €202 | -€50 | -19.8% |
| Recurring financial charges | 65 | €252 | €202 | -€50 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €29,532 | €22,860 | -€6,672 | -22.6% |
| Income taxes | 67/77 | €6,491 | €6,616 | +€125 | +1.9% |
| Profit (loss) for the period | 9904 | €23,041 | €16,244 | -€6,798 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,041 | €16,244 | -€6,798 | -29.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.