BLUE STAR SERVICES: 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 SERVICES
Largest movements
- Receivables within one year -€50,330
down €50,330 (-66.6%), from €75,603 to €25,273
- Tangible fixed assets +€22,309
up €22,309 (+4.6%), from €485,370 to €507,679
of which Furniture and vehicles: +€37,973
- Cash +€18,739
up €18,739 (+29.7%), from €63,150 to €81,889
mainly Receivables within one year (+€50,330) and Debts after one year (+€38,614)
- Debts after one year +€38,614
up €38,614, from €0 to €38,614
- Reserves -€28,222
down €28,222 (-5.4%), from €521,015 to €492,793
of which Distributable reserves: -€25,276
- Current portion of long-term debt -€14,112
down €14,112 (-54.7%), from €25,815 to €11,703
- Tax, wage and social debts -€9,281
down €9,281 (-60.2%), from €15,413 to €6,132
- Other debts +€7,107
up €7,107 (+31.0%), from €22,893 to €30,000
- Turnover -€74,000
down €74,000 (-38.1%), from €194,000 to €120,000
- Gross operating margin -€73,509
down €73,509 (-65.1%), from €112,986 to €39,477
- Taxes -€18,230
down €18,230 (-84.2%), from €21,660 to €3,430
- Purchases and services +€13,249
up €13,249 (+13.9%), from €95,641 to €108,890
- Depreciation -€10,651
down €10,651 (-24.0%), from €44,362 to €33,711
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 | €627,961 | €618,762 | -€9,198 | -1.5% |
| Fixed assets | 21/28 | €485,370 | €507,679 | +€22,309 | +4.6% |
| Tangible fixed assets | 22/27 | €485,370 | €507,679 | +€22,309 | +4.6% |
| Land and buildings | 22 | €419,891 | €404,987 | -€14,904 | -3.5% |
| Plant, machinery and equipment | 23 | €3,817 | €3,057 | -€760 | -19.9% |
| Furniture and vehicles | 24 | €61,661 | €99,634 | +€37,973 | +61.6% |
| Current assets | 29/58 | €142,591 | €111,084 | -€31,507 | -22.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €75,603 | €25,273 | -€50,330 | -66.6% |
| Other amounts receivable | 41 | €75,603 | €25,273 | -€50,330 | -66.6% |
| Cash at bank and in hand | 54/58 | €63,150 | €81,889 | +€18,739 | +29.7% |
| Deferred charges and accrued income | 490/1 | €3,838 | €3,921 | +€84 | +2.2% |
| Total equity and liabilities | 10/49 | €627,961 | €618,762 | -€9,198 | -1.5% |
| Equity | 10/15 | €539,615 | €511,393 | -€28,222 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €521,015 | €492,793 | -€28,222 | -5.4% |
| Tax-exempt reserves | 132 | €40,143 | €37,197 | -€2,946 | -7.3% |
| Distributable reserves | 133 | €480,872 | €455,595 | -€25,276 | -5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €21,413 | €19,896 | -€1,517 | -7.1% |
| Deferred taxes | 168 | €21,413 | €19,896 | -€1,517 | -7.1% |
| Amounts payable | 17/49 | €66,932 | €87,473 | +€20,541 | +30.7% |
| Amounts payable after more than one year | 17 | €0 | €38,614 | +€38,614 | |
| Financial debts | 170/4 | €0 | €38,614 | +€38,614 | |
| Amounts payable within one year | 42/48 | €66,932 | €48,859 | -€18,073 | -27.0% |
| Current portion of amounts payable after more than one year | 42 | €25,815 | €11,703 | -€14,112 | -54.7% |
| Financial debts | 43 | €436 | €123 | -€313 | -71.7% |
| Credit institutions | 430/8 | €436 | €123 | -€313 | -71.7% |
| Trade debts | 44 | €2,375 | €901 | -€1,475 | -62.1% |
| Suppliers | 440/4 | €2,375 | €901 | -€1,475 | -62.1% |
| Taxes, remuneration and social security | 45 | €15,413 | €6,132 | -€9,281 | -60.2% |
| Taxes | 450/3 | €15,413 | €6,132 | -€9,281 | -60.2% |
| Other amounts payable | 47/48 | €22,893 | €30,000 | +€7,107 | +31.0% |
| Turnover | 70 | €194,000 | €120,000 | -€74,000 | -38.1% |
| Non-recurring operating income | 76A | €0 | €11,451 | +€11,451 | |
| Goods, raw materials, services and sundry goods | 60/61 | €95,641 | €108,890 | +€13,249 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,362 | €33,711 | -€10,651 | -24.0% |
| Other operating charges | 640/8 | €3,290 | €2,781 | -€509 | -15.5% |
| Gross operating margin | 9900 | €112,986 | €39,477 | -€73,509 | -65.1% |
| Operating profit (loss) | 9901 | €65,334 | €2,985 | -€62,349 | -95.4% |
| Financial income | 75/76B | €2,588 | €1,429 | -€1,158 | -44.8% |
| Recurring financial income | 75 | €2,588 | €1,429 | -€1,158 | -44.8% |
| Financial charges | 65/66B | €3,572 | €723 | -€2,849 | -79.8% |
| Recurring financial charges | 65 | €3,572 | €723 | -€2,849 | -79.8% |
| Profit (loss) for the period before taxes | 9903 | €64,349 | €3,691 | -€60,659 | -94.3% |
| Transfer from deferred taxes | 780 | €1,517 | €1,517 | = | 0.0% |
| Income taxes | 67/77 | €21,660 | €3,430 | -€18,230 | -84.2% |
| Profit (loss) for the period | 9904 | €44,206 | €1,778 | -€42,429 | -96.0% |
| Transfer from tax-exempt reserves | 789 | €2,946 | €2,946 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,152 | €4,724 | -€42,429 | -90.0% |
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 18 October 2026 via checked.be.