BLUE 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.
BLUE STAR
Largest movements
- Stocks and contracts -€5,540
down €5,540 (-2.6%), from €216,936 to €211,396
- Profit (loss) carried forward -€6,780
down €6,780 (-2.0%), from -€342,311 to -€349,091
- Financial charges +€5,540
new in 2025: €5,540
- Gross operating margin +€498
up €498 (+40.9%), from -€1,219 to -€721
- Other operating charges +€14
up €14 (+2.8%), from €505 to €520
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,936 | €211,396 | -€5,540 | -2.6% |
| Current assets | 29/58 | €216,936 | €211,396 | -€5,540 | -2.6% |
| Stocks and contracts in progress | 3 | €216,936 | €211,396 | -€5,540 | -2.6% |
| Stocks | 30/36 | €216,936 | €211,396 | -€5,540 | -2.6% |
| Total equity and liabilities | 10/49 | €216,936 | €211,396 | -€5,540 | -2.6% |
| Equity | 10/15 | -€188,010 | -€194,790 | -€6,780 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,701 | €135,701 | = | 0.0% |
| Distributable reserves | 133 | €135,701 | €135,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,311 | -€349,091 | -€6,780 | -2.0% |
| Amounts payable | 17/49 | €404,945 | €406,186 | +€1,240 | +0.3% |
| Amounts payable after more than one year | 17 | €65,502 | €65,502 | = | 0.0% |
| Financial debts | 170/4 | €65,502 | €65,502 | = | 0.0% |
| Amounts payable within one year | 42/48 | €339,443 | €340,684 | +€1,240 | +0.4% |
| Trade debts | 44 | €151 | €551 | +€400 | +264% |
| Suppliers | 440/4 | €151 | €551 | +€400 | +264% |
| Other amounts payable | 47/48 | €339,292 | €340,133 | +€841 | +0.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€1,219 | -€721 | +€498 | +40.9% |
| Operating profit (loss) | 9901 | -€1,724 | -€1,240 | +€484 | +28.1% |
| Financial charges | 65/66B | - | €5,540 | +€5,540 | |
| Recurring financial charges | 65 | - | €5,540 | +€5,540 | |
| Profit (loss) for the period before taxes | 9903 | -€1,724 | -€6,780 | -€5,056 | -293% |
| Profit (loss) for the period | 9904 | -€1,724 | -€6,780 | -€5,056 | -293% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,724 | -€6,780 | -€5,056 | -293% |
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 21 October 2026 via checked.be.