OSTARA PROJECT: 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.
OSTARA PROJECT
Largest movements
- Receivables within one year -€31,453
down €31,453 (-76.8%), from €40,956 to €9,503
of which Other amounts receivable: -€31,163
- Cash -€25,581
down €25,581 (-96.2%), from €26,586 to €1,006
mainly Debts after one year (-€92,303) and Net result for the year (-€59,327)
- Financial fixed assets -€20,000
down €20,000 (-2.9%), from €685,176 to €665,176
- Tangible fixed assets -€12,433
down €12,433 (-65.4%), from €19,004 to €6,571
- Other debts +€118,916
up €118,916 (+1189.2%), from €10,000 to €128,916
- Debts after one year -€92,303
down €92,303 (-27.1%), from €340,843 to €248,540
- Profit (loss) carried forward -€59,327
down €59,327 (-23.9%), from €248,286 to €188,958
- Tax, wage and social debts -€45,867
no longer reported in 2025 (was €45,867)
of which Remuneration and social security: -€40,872
- Accrued charges and deferred income -€12,952
down €12,952 (-77.0%), from €16,818 to €3,866
- Financial charges -€446,608
down €446,608 (-91.4%), from €488,842 to €42,234
of which Non-recurring financial charges: -€423,336
- Staff costs -€183,795
no longer reported in 2025 (was €183,795)
- Gross operating margin -€169,610
down €169,610, from €161,056 to -€8,554
- Depreciation -€2,250
down €2,250 (-24.7%), from €9,123 to €6,873
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 | €775,635 | €683,189 | -€92,446 | -11.9% |
| Fixed assets | 21/28 | €704,180 | €671,747 | -€32,433 | -4.6% |
| Tangible fixed assets | 22/27 | €19,004 | €6,571 | -€12,433 | -65.4% |
| Furniture and vehicles | 24 | €19,004 | €6,571 | -€12,433 | -65.4% |
| Financial fixed assets | 28 | €685,176 | €665,176 | -€20,000 | -2.9% |
| Current assets | 29/58 | €71,455 | €11,442 | -€60,013 | -84.0% |
| Amounts receivable within one year | 40/41 | €40,956 | €9,503 | -€31,453 | -76.8% |
| Trade receivables | 40 | €289 | - | -€289 | |
| Other amounts receivable | 41 | €40,666 | €9,503 | -€31,163 | -76.6% |
| Cash at bank and in hand | 54/58 | €26,586 | €1,006 | -€25,581 | -96.2% |
| Deferred charges and accrued income | 490/1 | €3,913 | €933 | -€2,979 | -76.1% |
| Total equity and liabilities | 10/49 | €775,635 | €683,189 | -€92,446 | -11.9% |
| Equity | 10/15 | €268,691 | €209,363 | -€59,327 | -22.1% |
| 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 | €248,286 | €188,958 | -€59,327 | -23.9% |
| Amounts payable | 17/49 | €506,944 | €473,825 | -€33,118 | -6.5% |
| Amounts payable after more than one year | 17 | €340,843 | €248,540 | -€92,303 | -27.1% |
| Financial debts | 170/4 | €340,843 | €248,540 | -€92,303 | -27.1% |
| Amounts payable within one year | 42/48 | €149,283 | €221,419 | +€72,136 | +48.3% |
| Current portion of amounts payable after more than one year | 42 | €91,990 | €92,303 | +€312 | +0.3% |
| Trade debts | 44 | €1,426 | €200 | -€1,226 | -85.9% |
| Suppliers | 440/4 | €1,426 | €200 | -€1,226 | -85.9% |
| Taxes, remuneration and social security | 45 | €45,867 | - | -€45,867 | |
| Taxes | 450/3 | €4,995 | - | -€4,995 | |
| Remuneration and social security | 454/9 | €40,872 | - | -€40,872 | |
| Other amounts payable | 47/48 | €10,000 | €128,916 | +€118,916 | +1189.2% |
| Accrued charges and deferred income | 492/3 | €16,818 | €3,866 | -€12,952 | -77.0% |
| Remuneration, social security and pensions | 62 | €183,795 | - | -€183,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,123 | €6,873 | -€2,250 | -24.7% |
| Other operating charges | 640/8 | €2,224 | €1,667 | -€557 | -25.0% |
| Gross operating margin | 9900 | €161,056 | -€8,554 | -€169,610 | |
| Operating profit (loss) | 9901 | -€34,086 | -€17,094 | +€16,992 | +49.9% |
| Financial charges | 65/66B | €488,842 | €42,234 | -€446,608 | -91.4% |
| Recurring financial charges | 65 | €43,842 | €20,570 | -€23,272 | -53.1% |
| Non-recurring financial charges | 66B | €445,000 | €21,664 | -€423,336 | -95.1% |
| Profit (loss) for the period before taxes | 9903 | -€522,927 | -€59,327 | +€463,600 | +88.7% |
| Income taxes | 67/77 | €252 | - | -€252 | |
| Profit (loss) for the period | 9904 | -€523,179 | -€59,327 | +€463,852 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€523,179 | -€59,327 | +€463,852 | +88.7% |
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 12 October 2026 via checked.be.