BLUE STAR IMMO: 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 IMMO
Largest movements
- Cash +€13,316
up €13,316 (+32.4%), from €41,053 to €54,368
mainly Trade debts (+€36,869) and Net result for the year (+€6,634)
- Receivables within one year +€12,165
up €12,165 (+10.6%), from €115,100 to €127,265
of which Other amounts receivable: +€10,165
- Trade debts +€36,869
up €36,869 (+239%), from €15,413 to €52,282
- Other debts -€15,600
down €15,600 (-49.5%), from €31,500 to €15,900
- Reserves +€6,634
up €6,634 (+3.5%), from €191,956 to €198,590
of which Distributable reserves: +€6,634
- Depreciation -€14,474
down €14,474 (-96.5%), from €14,992 to €518
- Gross operating margin +€6,336
up €6,336 (+26.9%), from €23,515 to €29,851
- Other operating charges +€463
up €463 (+2.1%), from €22,240 to €22,703
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 | €551,611 | €577,464 | +€25,853 | +4.7% |
| Fixed assets | 21/28 | €395,459 | €394,941 | -€518 | -0.1% |
| Tangible fixed assets | 22/27 | €395,459 | €394,941 | -€518 | -0.1% |
| Land and buildings | 22 | €395,459 | €394,941 | -€518 | -0.1% |
| Current assets | 29/58 | €156,153 | €182,524 | +€26,371 | +16.9% |
| Amounts receivable within one year | 40/41 | €115,100 | €127,265 | +€12,165 | +10.6% |
| Trade receivables | 40 | €6,500 | €8,500 | +€2,000 | +30.8% |
| Other amounts receivable | 41 | €108,600 | €118,765 | +€10,165 | +9.4% |
| Cash at bank and in hand | 54/58 | €41,053 | €54,368 | +€13,316 | +32.4% |
| Deferred charges and accrued income | 490/1 | - | €890 | +€890 | |
| Total equity and liabilities | 10/49 | €551,611 | €577,464 | +€25,853 | +4.7% |
| Equity | 10/15 | €502,648 | €509,282 | +€6,634 | +1.3% |
| Contributions | 10/11 | €310,692 | €310,692 | = | 0.0% |
| Reserves | 13 | €191,956 | €198,590 | +€6,634 | +3.5% |
| Tax-exempt reserves | 132 | €23,945 | €23,945 | = | 0.0% |
| Distributable reserves | 133 | €168,011 | €174,645 | +€6,634 | +3.9% |
| Amounts payable | 17/49 | €48,963 | €68,182 | +€19,218 | +39.3% |
| Amounts payable within one year | 42/48 | €48,963 | €68,182 | +€19,218 | +39.3% |
| Trade debts | 44 | €15,413 | €52,282 | +€36,869 | +239% |
| Suppliers | 440/4 | €15,413 | €52,282 | +€36,869 | +239% |
| Taxes, remuneration and social security | 45 | €2,050 | €0 | -€2,050 | -100% |
| Taxes | 450/3 | €2,050 | €0 | -€2,050 | -100% |
| Other amounts payable | 47/48 | €31,500 | €15,900 | -€15,600 | -49.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,992 | €518 | -€14,474 | -96.5% |
| Other operating charges | 640/8 | €22,240 | €22,703 | +€463 | +2.1% |
| Gross operating margin | 9900 | €23,515 | €29,851 | +€6,336 | +26.9% |
| Operating profit (loss) | 9901 | -€13,717 | €6,630 | +€20,347 | |
| Financial income | 75/76B | €95 | €51 | -€44 | -46.0% |
| Recurring financial income | 75 | €95 | €51 | -€44 | -46.0% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,660 | €6,641 | +€20,301 | |
| Income taxes | 67/77 | €23 | €7 | -€16 | -70.4% |
| Profit (loss) for the period | 9904 | -€13,683 | €6,634 | +€20,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,683 | €6,634 | +€20,318 |
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 20 October 2026 via checked.be.