STARKEY DEVRIESE: 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.
STARKEY DEVRIESE
Largest movements
- Tangible fixed assets +€748,398
up €748,398 (+222%), from €337,446 to €1.1m
of which Land and buildings: +€749,813
- Receivables within one year +€24,818
up €24,818 (+92.2%), from €26,910 to €51,729
of which Other amounts receivable: +€24,181
- Debts after one year +€682,188
up €682,188 (+704%), from €96,953 to €779,141
- Other debts +€74,905
up €74,905 (+77.9%), from €96,109 to €171,014
- Current portion of long-term debt +€37,287
up €37,287 (+65.1%), from €57,300 to €94,587
- Reserves -€27,261
down €27,261 (-5.2%), from €525,090 to €497,829
- Depreciation +€90,187
up €90,187 (+6,374%), from €1,415 to €91,602
- Gross operating margin -€76,362
down €76,362 (-47.4%), from €161,119 to €84,756
- Taxes -€37,557
down €37,557 (-99.4%), from €37,797 to €240
- Financial charges -€4,595
down €4,595 (-22.9%), from €20,045 to €15,450
- Other operating charges +€2,214
up €2,214 (+88.1%), from €2,512 to €4,725
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 | €790,733 | €1,556,587 | +€765,854 | +96.9% |
| Fixed assets | 21/28 | €737,446 | €1,488,344 | +€750,898 | +102% |
| Tangible fixed assets | 22/27 | €337,446 | €1,085,844 | +€748,398 | +222% |
| Land and buildings | 22 | €330,000 | €1,079,813 | +€749,813 | +227% |
| Plant, machinery and equipment | 23 | €6,062 | €4,849 | -€1,212 | -20.0% |
| Furniture and vehicles | 24 | €1,384 | €1,182 | -€203 | -14.6% |
| Financial fixed assets | 28 | €400,000 | €402,500 | +€2,500 | +0.6% |
| Current assets | 29/58 | €53,288 | €68,243 | +€14,955 | +28.1% |
| Amounts receivable within one year | 40/41 | €26,910 | €51,729 | +€24,818 | +92.2% |
| Trade receivables | 40 | - | €638 | +€638 | |
| Other amounts receivable | 41 | €26,910 | €51,091 | +€24,181 | +89.9% |
| Cash at bank and in hand | 54/58 | €23,016 | €11,408 | -€11,608 | -50.4% |
| Deferred charges and accrued income | 490/1 | €3,361 | €5,106 | +€1,745 | +51.9% |
| Total equity and liabilities | 10/49 | €790,733 | €1,556,587 | +€765,854 | +96.9% |
| Equity | 10/15 | €531,290 | €504,029 | -€27,261 | -5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €525,090 | €497,829 | -€27,261 | -5.2% |
| Distributable reserves | 133 | €525,090 | €497,829 | -€27,261 | -5.2% |
| Amounts payable | 17/49 | €259,443 | €1,052,558 | +€793,115 | +306% |
| Amounts payable after more than one year | 17 | €96,953 | €779,141 | +€682,188 | +704% |
| Financial debts | 170/4 | €96,953 | €779,141 | +€682,188 | +704% |
| Amounts payable within one year | 42/48 | €162,491 | €273,417 | +€110,927 | +68.3% |
| Current portion of amounts payable after more than one year | 42 | €57,300 | €94,587 | +€37,287 | +65.1% |
| Trade debts | 44 | €2,967 | €4,445 | +€1,478 | +49.8% |
| Suppliers | 440/4 | €2,967 | €4,445 | +€1,478 | +49.8% |
| Taxes, remuneration and social security | 45 | €6,115 | €3,372 | -€2,743 | -44.9% |
| Taxes | 450/3 | €6,115 | €3,372 | -€2,743 | -44.9% |
| Other amounts payable | 47/48 | €96,109 | €171,014 | +€74,905 | +77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,415 | €91,602 | +€90,187 | +6,374% |
| Other operating charges | 640/8 | €2,512 | €4,725 | +€2,214 | +88.1% |
| Gross operating margin | 9900 | €161,119 | €84,756 | -€76,362 | -47.4% |
| Operating profit (loss) | 9901 | €157,192 | -€11,571 | -€168,763 | |
| Financial charges | 65/66B | €20,045 | €15,450 | -€4,595 | -22.9% |
| Recurring financial charges | 65 | €20,045 | €15,450 | -€4,595 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €137,147 | -€27,021 | -€164,169 | |
| Income taxes | 67/77 | €37,797 | €240 | -€37,557 | -99.4% |
| Profit (loss) for the period | 9904 | €99,351 | -€27,261 | -€126,612 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,351 | -€27,261 | -€126,612 |
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 30 October 2026 via checked.be.