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
- Tangible fixed assets +€91,218
up €91,218 (+16,139%), from €565 to €91,783
of which Furniture and vehicles: +€90,271
- Cash +€21,723
up €21,723 (+203%), from €10,680 to €32,402
mainly Debts after one year (+€70,000) and Other debts (+€59,054)
- Stocks and contracts +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Debts after one year +€70,000
new in 2025: €70,000
- Other debts +€59,054
up €59,054 (+576%), from €10,244 to €69,297
- Reserves +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Tax, wage and social debts -€6,443
down €6,443 (-26.4%), from €24,414 to €17,971
- Trade debts -€6,233
down €6,233 (-10.7%), from €58,233 to €52,000
- Gross operating margin -€18,346
down €18,346 (-46.8%), from €39,211 to €20,864
- Financial charges -€6,029
down €6,029 (-48.5%), from €12,433 to €6,404
- Financial income +€5,553
up €5,553 (+18,509,033%), from €0 to €5,553
- Taxes -€2,867
down €2,867 (-39.0%), from €7,350 to €4,483
- Depreciation +€1,454
up €1,454 (+728%), from €200 to €1,654
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 | €169,694 | €298,421 | +€128,726 | +75.9% |
| Fixed assets | 21/28 | €565 | €91,783 | +€91,218 | +16,139% |
| Tangible fixed assets | 22/27 | €565 | €91,783 | +€91,218 | +16,139% |
| Plant, machinery and equipment | 23 | €565 | €1,512 | +€947 | +168% |
| Furniture and vehicles | 24 | - | €90,271 | +€90,271 | |
| Current assets | 29/58 | €169,129 | €206,637 | +€37,508 | +22.2% |
| Stocks and contracts in progress | 3 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Stocks | 30/36 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Amounts receivable within one year | 40/41 | €133,450 | €134,235 | +€785 | +0.6% |
| Trade receivables | 40 | €50,247 | €28,524 | -€21,723 | -43.2% |
| Other amounts receivable | 41 | €83,202 | €105,710 | +€22,508 | +27.1% |
| Cash at bank and in hand | 54/58 | €10,680 | €32,402 | +€21,723 | +203% |
| Total equity and liabilities | 10/49 | €169,694 | €298,421 | +€128,726 | +75.9% |
| Equity | 10/15 | €76,804 | €89,152 | +€12,349 | +16.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €20,000 | +€10,000 | +100% |
| Distributable reserves | 133 | €10,000 | €20,000 | +€10,000 | +100% |
| Profit (loss) carried forward | 14 | €56,804 | €59,152 | +€2,349 | +4.1% |
| Amounts payable | 17/49 | €92,891 | €209,268 | +€116,378 | +125% |
| Amounts payable after more than one year | 17 | - | €70,000 | +€70,000 | |
| Financial debts | 170/4 | - | €70,000 | +€70,000 | |
| Amounts payable within one year | 42/48 | €92,891 | €139,268 | +€46,378 | +49.9% |
| Trade debts | 44 | €58,233 | €52,000 | -€6,233 | -10.7% |
| Suppliers | 440/4 | €58,233 | €52,000 | -€6,233 | -10.7% |
| Taxes, remuneration and social security | 45 | €24,414 | €17,971 | -€6,443 | -26.4% |
| Taxes | 450/3 | €24,414 | €17,971 | -€6,443 | -26.4% |
| Other amounts payable | 47/48 | €10,244 | €69,297 | +€59,054 | +576% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €1,654 | +€1,454 | +728% |
| Other operating charges | 640/8 | €1,798 | €1,528 | -€270 | -15.0% |
| Gross operating margin | 9900 | €39,211 | €20,864 | -€18,346 | -46.8% |
| Operating profit (loss) | 9901 | €37,213 | €17,682 | -€19,530 | -52.5% |
| Financial income | 75/76B | €0 | €5,553 | +€5,553 | +18,509,033% |
| Recurring financial income | 75 | €0 | €5,553 | +€5,553 | +18,509,033% |
| Financial charges | 65/66B | €12,433 | €6,404 | -€6,029 | -48.5% |
| Recurring financial charges | 65 | €12,433 | €6,404 | -€6,029 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €24,780 | €16,832 | -€7,948 | -32.1% |
| Income taxes | 67/77 | €7,350 | €4,483 | -€2,867 | -39.0% |
| Profit (loss) for the period | 9904 | €17,430 | €12,349 | -€5,081 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,430 | €12,349 | -€5,081 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.