Starfly: 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.
Starfly
Largest movements
- Receivables within one year +€27,375
up €27,375 (+299%), from €9,141 to €36,517
of which Trade receivables: +€29,950
- Tangible fixed assets -€23,375
no longer reported in 2025 (was €23,375)
- Current investments +€10,000
new in 2025: €10,000
- Trade debts +€24,247
up €24,247 (+954%), from €2,542 to €26,790
- Profit (loss) carried forward -€14,300
down €14,300 (-6.2%), from -€229,591 to -€243,892
- Gross operating margin -€3,419
down €3,419 (-72.7%), from €4,705 to €1,286
- Other operating charges +€2,013
up €2,013 (+175%), from €1,150 to €3,162
- Depreciation -€1,978
down €1,978 (-27.0%), from €7,327 to €5,349
- Financial charges -€854
down €854 (-59.8%), from €1,428 to €575
- Taxes +€408
new in 2025: €408
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 | €730,938 | €742,189 | +€11,251 | +1.5% |
| Fixed assets | 21/28 | €712,575 | €689,200 | -€23,375 | -3.3% |
| Tangible fixed assets | 22/27 | €23,375 | - | -€23,375 | |
| Furniture and vehicles | 24 | €23,375 | - | -€23,375 | |
| Financial fixed assets | 28 | €689,200 | €689,200 | = | 0.0% |
| Current assets | 29/58 | €18,363 | €52,989 | +€34,625 | +189% |
| Amounts receivable within one year | 40/41 | €9,141 | €36,517 | +€27,375 | +299% |
| Trade receivables | 40 | €6,567 | €36,517 | +€29,950 | +456% |
| Other amounts receivable | 41 | €2,574 | - | -€2,574 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €6,461 | €6,410 | -€51 | -0.8% |
| Deferred charges and accrued income | 490/1 | €2,762 | €62 | -€2,699 | -97.8% |
| Total equity and liabilities | 10/49 | €730,938 | €742,189 | +€11,251 | +1.5% |
| Equity | 10/15 | -€209,131 | -€223,432 | -€14,300 | -6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,591 | -€243,892 | -€14,300 | -6.2% |
| Provisions and deferred taxes | 16 | €757,055 | €757,055 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €757,055 | €757,055 | = | 0.0% |
| Pensions and similar obligations | 160 | €757,055 | €757,055 | = | 0.0% |
| Amounts payable | 17/49 | €183,015 | €208,566 | +€25,551 | +14.0% |
| Amounts payable within one year | 42/48 | €183,015 | €208,566 | +€25,551 | +14.0% |
| Trade debts | 44 | €2,542 | €26,790 | +€24,247 | +954% |
| Suppliers | 440/4 | €2,542 | €26,790 | +€24,247 | +954% |
| Taxes, remuneration and social security | 45 | €4,374 | €7,741 | +€3,367 | +77.0% |
| Taxes | 450/3 | €4,374 | €7,741 | +€3,367 | +77.0% |
| Other amounts payable | 47/48 | €176,098 | €174,035 | -€2,063 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,327 | €5,349 | -€1,978 | -27.0% |
| Other operating charges | 640/8 | €1,150 | €3,162 | +€2,013 | +175% |
| Non-recurring operating charges | 66A | - | €5,490 | +€5,490 | |
| Gross operating margin | 9900 | €4,705 | €1,286 | -€3,419 | -72.7% |
| Operating profit (loss) | 9901 | -€3,772 | -€12,715 | -€8,943 | -237% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €1,428 | €575 | -€854 | -59.8% |
| Recurring financial charges | 65 | €1,428 | €575 | -€854 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,192 | -€13,290 | -€8,098 | -156% |
| Income taxes | 67/77 | - | €408 | +€408 | |
| Profit (loss) for the period | 9904 | -€5,192 | -€13,697 | -€8,506 | -164% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,192 | -€13,697 | -€8,506 | -164% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.