AFRICAN 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.
AFRICAN STAR
Largest movements
- Receivables within one year -€64,931
down €64,931 (-5.2%), from €1.3m to €1.2m
of which Other amounts receivable: -€64,931
- Stocks and contracts -€41,867
down €41,867 (-3.5%), from €1.2m to €1.2m
- Other debts -€116,220
down €116,220 (-85.1%), from €136,493 to €20,273
- Profit (loss) carried forward +€36,217
up €36,217 (+6.9%), from -€523,513 to -€487,296
- Gross operating margin -€60,802
down €60,802, from €49,004 to -€11,798
- Financial income +€8,521
up €8,521 (+5.9%), from €145,099 to €153,620
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,556,248 | €2,452,297 | -€103,950 | -4.1% |
| Fixed assets | 21/28 | €36,484 | €36,484 | = | 0.0% |
| Tangible fixed assets | 22/27 | €36,484 | €36,484 | = | 0.0% |
| Land and buildings | 22 | €36,484 | €36,484 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €2,519,764 | €2,415,814 | -€103,950 | -4.1% |
| Amounts receivable after more than one year | 29 | €63,281 | €66,129 | +€2,848 | +4.5% |
| Trade receivables | 290 | €63,281 | €66,129 | +€2,848 | +4.5% |
| Stocks and contracts in progress | 3 | €1,204,763 | €1,162,896 | -€41,867 | -3.5% |
| Stocks | 30/36 | €1,204,763 | €1,162,896 | -€41,867 | -3.5% |
| Amounts receivable within one year | 40/41 | €1,250,070 | €1,185,139 | -€64,931 | -5.2% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €1,250,070 | €1,185,139 | -€64,931 | -5.2% |
| Cash at bank and in hand | 54/58 | €1,650 | €1,650 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,556,248 | €2,452,297 | -€103,950 | -4.1% |
| Equity | 10/15 | €1,598,383 | €1,634,600 | +€36,217 | +2.3% |
| Contributions | 10/11 | €1,913,433 | €1,913,433 | = | 0.0% |
| Capital | 10 | €1,913,433 | €1,913,433 | = | 0.0% |
| Issued capital | 100 | €2,500,000 | €2,500,000 | = | 0.0% |
| Uncalled capital | 101 | €586,567 | €586,567 | = | 0.0% |
| Reserves | 13 | €208,463 | €208,463 | = | 0.0% |
| Non-distributable reserves | 130/1 | €208,141 | €208,141 | = | 0.0% |
| Legal reserve | 130 | €208,141 | €208,141 | = | 0.0% |
| Tax-exempt reserves | 132 | €323 | €323 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€523,513 | -€487,296 | +€36,217 | +6.9% |
| Amounts payable | 17/49 | €957,864 | €817,697 | -€140,167 | -14.6% |
| Amounts payable within one year | 42/48 | €957,864 | €817,697 | -€140,167 | -14.6% |
| Trade debts | 44 | €820,794 | €796,487 | -€24,307 | -3.0% |
| Suppliers | 440/4 | €820,794 | €796,487 | -€24,307 | -3.0% |
| Taxes, remuneration and social security | 45 | €577 | €937 | +€360 | +62.4% |
| Taxes | 450/3 | €577 | €937 | +€360 | +62.4% |
| Other amounts payable | 47/48 | €136,493 | €20,273 | -€116,220 | -85.1% |
| Other operating charges | 640/8 | €300 | €150 | -€150 | -50.0% |
| Gross operating margin | 9900 | €49,004 | -€11,798 | -€60,802 | |
| Operating profit (loss) | 9901 | €48,704 | -€11,948 | -€60,652 | |
| Financial income | 75/76B | €145,099 | €153,620 | +€8,521 | +5.9% |
| Recurring financial income | 75 | €145,099 | €153,620 | +€8,521 | +5.9% |
| Financial charges | 65/66B | €105,537 | €105,455 | -€82 | -0.1% |
| Recurring financial charges | 65 | €105,537 | €105,455 | -€82 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €88,266 | €36,217 | -€52,049 | -59.0% |
| Profit (loss) for the period | 9904 | €88,266 | €36,217 | -€52,049 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,266 | €36,217 | -€52,049 | -59.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.