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
- Receivables after one year +€705,986
new in 2025: €705,986
- Receivables within one year -€705,986
no longer reported in 2025 (was €705,986)
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€1,118
new in 2025: €1,118
- Gross operating margin -€66
new in 2025: -€66
- Financial charges +€41
new in 2025: €41
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €972,372 | €985,282 | +€12,910 | +1.3% |
| Fixed assets | 21/28 | €261,798 | €269,928 | +€8,130 | +3.1% |
| Financial fixed assets | 28 | €261,798 | €269,928 | +€8,130 | +3.1% |
| Current assets | 29/58 | €710,575 | €715,354 | +€4,780 | +0.7% |
| Amounts receivable after more than one year | 29 | - | €705,986 | +€705,986 | |
| Other amounts receivable | 291 | - | €705,986 | +€705,986 | |
| Amounts receivable within one year | 40/41 | €705,986 | - | -€705,986 | |
| Other amounts receivable | 41 | €705,986 | - | -€705,986 | |
| Cash at bank and in hand | 54/58 | €4,589 | €9,368 | +€4,780 | +104% |
| Total equity and liabilities | 10/49 | €972,372 | €985,282 | +€12,910 | +1.3% |
| Equity | 10/15 | €34,318 | €33,093 | -€1,225 | -3.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€465,682 | -€466,907 | -€1,225 | -0.3% |
| Amounts payable | 17/49 | €938,054 | €952,189 | +€14,135 | +1.5% |
| Amounts payable after more than one year | 17 | €929,040 | €935,040 | +€6,000 | +0.6% |
| Financial debts | 170/4 | €929,040 | €935,040 | +€6,000 | +0.6% |
| Amounts payable within one year | 42/48 | €9,014 | €17,149 | +€8,135 | +90.2% |
| Trade debts | 44 | €9,014 | €9,019 | +€5 | +0.1% |
| Suppliers | 440/4 | €9,014 | €9,019 | +€5 | +0.1% |
| Other amounts payable | 47/48 | - | €8,130 | +€8,130 | |
| Other operating charges | 640/8 | - | €1,118 | +€1,118 | |
| Gross operating margin | 9900 | - | -€66 | -€66 | |
| Operating profit (loss) | 9901 | - | -€1,184 | -€1,184 | |
| Financial charges | 65/66B | - | €41 | +€41 | |
| Recurring financial charges | 65 | - | €41 | +€41 | |
| Profit (loss) for the period before taxes | 9903 | - | -€1,225 | -€1,225 | |
| Profit (loss) for the period | 9904 | - | -€1,225 | -€1,225 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€1,225 | -€1,225 |
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 15 October 2026 via checked.be.