BLUE STAR STORAGE: what changed
What changed
BLUE STAR STORAGE
NACE 52.100, Warehousing and storage
filed annual accounts (NBB)
Net result for the year
-€1.9m
2024 · -€1.8m-€98,316
Equity
-€518,815
2024 · €1.4m-€1.9m
Cash
€975
2024 · €1,110-€135
Balance sheet total
€6.5m
2024 · €9.4m-€2.9m
Largest movements
Assets
- Receivables within one year -€1.7m
down €1.7m (-35.6%), from €4.8m to €3.1m
of which Trade receivables: -€1.1m
- Receivables after one year -€1.5m
no longer reported in 2025 (was €1.5m)
- Tangible fixed assets +€388,912
up €388,912 (+13.1%), from €3.0m to €3.4m
of which Land and buildings: +€474,082
Equity and liabilities
- Debts after one year +€2.9m
up €2.9m (+514%), from €566,495 to €3.5m
- Other debts -€2.5m
down €2.5m (-71.7%), from €3.5m to €985,738
- Profit (loss) carried forward -€1.9m
new in 2025: -€1.9m
- Trade debts -€1.2m
down €1.2m (-37.0%), from €3.3m to €2.1m
Income statement
- Turnover -€2.9m
down €2.9m (-16.3%), from €17.9m to €15.0m
- Services and other goods -€1.8m
down €1.8m (-11.1%), from €16.3m to €14.4m
- Goods and materials -€1.1m
no longer reported in 2025 (was €1.1m)
- Other operating income -€236,464
down €236,464 (-65.1%), from €363,390 to €126,927
- Staff costs -€182,395
down €182,395 (-8.7%), from €2.1m to €1.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1.8m
Turnover
-€2.9m
Other operating income
-€236,464
Goods and materials
+€1.1m
Services and other goods
+€1.8m
Staff costs
+€182,395
Depreciation
-€83,905
Provisions
+€156,088
Other operating charges
-€53,451
Other operating items
+€94,529
Financial income
-€86,548
Financial charges
-€26,539
Taxes
-€12,403
Result 2025
-€1.9m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.9m
Investment
-€947,423
Financing
+€2.9m
Cash 2024
€1,110
From operations (derived)
-€1.9m
Net result for the year
-€1.9m
Depreciation
+€596,871
Receivables after one year
+€1.5m
Receivables within one year
+€1.7m
Deferred charges and accrued income
+€9,524
Provisions
-€78,044
Trade debts
-€1.2m
Tax, wage and social debts
-€57,440
Other debts
-€2.5m
Accrued charges and deferred income
+€32,372
Investment (derived)
-€947,423
Investment in fixed assets (net)
-€947,423
Financing
+€2.9m
Debts after one year
+€2.9m
Current portion of long-term debt
-€38,357
Cash 2025
€975
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,361,498 | €6,481,269 | -€2.9m | -30.8% |
| Fixed assets | 21/28 | €3,052,313 | €3,402,865 | +€350,552 | +11.5% |
| Tangible fixed assets | 22/27 | €2,973,853 | €3,362,765 | +€388,912 | +13.1% |
| Land and buildings | 22 | €1,715,214 | €2,189,296 | +€474,082 | +27.6% |
| Plant, machinery and equipment | 23 | €990,249 | €1,037,187 | +€46,938 | +4.7% |
| Furniture and vehicles | 24 | €127,045 | €124,503 | -€2,542 | -2.0% |
| Leasing and similar rights | 25 | €141,345 | €11,779 | -€129,566 | -91.7% |
| Financial fixed assets | 28 | €78,460 | €40,100 | -€38,360 | -48.9% |
| Other financial fixed assets | 284/8 | €78,460 | €40,100 | -€38,360 | -48.9% |
| Amounts receivable and cash guarantees | 285/8 | €78,460 | €40,100 | -€38,360 | -48.9% |
| Current assets | 29/58 | €6,309,185 | €3,078,404 | -€3.2m | -51.2% |
| Amounts receivable after more than one year | 29 | €1,528,892 | - | -€1.5m | |
| Other amounts receivable | 291 | €1,528,892 | - | -€1.5m | |
| Amounts receivable within one year | 40/41 | €4,752,148 | €3,059,918 | -€1.7m | -35.6% |
| Trade receivables | 40 | €4,110,396 | €3,030,324 | -€1.1m | -26.3% |
| Other amounts receivable | 41 | €641,752 | €29,594 | -€612,159 | -95.4% |
| Cash at bank and in hand | 54/58 | €1,110 | €975 | -€135 | -12.2% |
| Deferred charges and accrued income | 490/1 | €27,034 | €17,510 | -€9,524 | -35.2% |
| Total equity and liabilities | 10/49 | €9,361,498 | €6,481,269 | -€2.9m | -30.8% |
| Equity | 10/15 | €1,420,336 | -€518,815 | -€1.9m | |
| Contributions | 10/11 | €134,172 | €134,172 | = | 0.0% |
| Capital | 10 | €134,172 | €134,172 | = | 0.0% |
| Issued capital | 100 | €134,172 | €134,172 | = | 0.0% |
| Reserves | 13 | €1,286,163 | €1,286,163 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,417 | €13,417 | = | 0.0% |
| Legal reserve | 130 | €13,417 | €13,417 | = | 0.0% |
| Tax-exempt reserves | 132 | €418,080 | €418,080 | = | 0.0% |
| Distributable reserves | 133 | €854,666 | €854,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,939,150 | -€1.9m | |
| Provisions and deferred taxes | 16 | €78,044 | - | -€78,044 | |
| Provisions for liabilities and charges | 160/5 | €78,044 | - | -€78,044 | |
| Other liabilities and charges | 164/5 | €78,044 | - | -€78,044 | |
| Amounts payable | 17/49 | €7,863,118 | €7,000,083 | -€863,035 | -11.0% |
| Amounts payable after more than one year | 17 | €566,495 | €3,477,011 | +€2.9m | +514% |
| Financial debts | 170/4 | €566,495 | €3,477,011 | +€2.9m | +514% |
| Leasing and similar obligations | 172 | €9,967 | €2,931 | -€7,035 | -70.6% |
| Credit institutions | 173 | €556,528 | €474,080 | -€82,449 | -14.8% |
| Other loans | 174 | - | €3,000,000 | +€3.0m | |
| Amounts payable within one year | 42/48 | €7,284,985 | €3,479,062 | -€3.8m | -52.2% |
| Current portion of amounts payable after more than one year | 42 | €127,841 | €89,484 | -€38,357 | -30.0% |
| Trade debts | 44 | €3,264,580 | €2,056,579 | -€1.2m | -37.0% |
| Suppliers | 440/4 | €3,264,580 | €2,056,579 | -€1.2m | -37.0% |
| Taxes, remuneration and social security | 45 | €404,701 | €347,261 | -€57,440 | -14.2% |
| Taxes | 450/3 | €70,756 | €54,577 | -€16,179 | -22.9% |
| Remuneration and social security | 454/9 | €333,945 | €292,684 | -€41,261 | -12.4% |
| Other amounts payable | 47/48 | €3,487,864 | €985,738 | -€2.5m | -71.7% |
| Accrued charges and deferred income | 492/3 | €11,638 | €44,010 | +€32,372 | +278% |
| Operating income | 70/76A | €18,327,844 | €15,272,932 | -€3.1m | -16.7% |
| Turnover | 70 | €17,919,017 | €15,006,041 | -€2.9m | -16.3% |
| Other operating income | 74 | €363,390 | €126,927 | -€236,464 | -65.1% |
| Non-recurring operating income | 76A | €45,436 | €139,965 | +€94,529 | +208% |
| Operating charges | 60/66A | €20,162,185 | €17,080,100 | -€3.1m | -15.3% |
| Goods for resale, raw materials and consumables | 60 | €1,075,227 | - | -€1.1m | |
| Purchases | 600/8 | €1,075,227 | - | -€1.1m | |
| Services and other goods | 61 | €16,250,515 | €14,444,785 | -€1.8m | -11.1% |
| Remuneration, social security and pensions | 62 | €2,104,560 | €1,922,164 | -€182,395 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €512,966 | €596,871 | +€83,905 | +16.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €78,044 | -€78,044 | -€156,088 | |
| Other operating charges | 640/8 | €140,873 | €194,324 | +€53,451 | +37.9% |
| Operating profit (loss) | 9901 | -€1,834,341 | -€1,807,168 | +€27,173 | +1.5% |
| Financial income | 75/76B | €94,539 | €7,991 | -€86,548 | -91.5% |
| Recurring financial income | 75 | €93,799 | €7,991 | -€85,808 | -91.5% |
| Income from current assets | 751 | €93,712 | €7,791 | -€85,920 | -91.7% |
| Other financial income | 752/9 | €87 | €200 | +€113 | +129% |
| Non-recurring financial income | 76B | €740 | - | -€740 | |
| Financial charges | 65/66B | €112,280 | €138,819 | +€26,539 | +23.6% |
| Recurring financial charges | 65 | €112,280 | €138,819 | +€26,539 | +23.6% |
| Debt charges | 650 | €108,820 | €136,835 | +€28,015 | +25.7% |
| Other financial charges | 652/9 | €3,460 | €1,984 | -€1,476 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,852,083 | -€1,937,996 | -€85,914 | -4.6% |
| Income taxes | 67/77 | -€11,249 | €1,154 | +€12,403 | |
| Taxes | 670/3 | €1,719 | €1,500 | -€219 | -12.8% |
| Tax adjustments and reversals of tax provisions | 77 | €12,968 | €346 | -€12,622 | -97.3% |
| Profit (loss) for the period | 9904 | -€1,840,834 | -€1,939,150 | -€98,316 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,840,834 | -€1,939,150 | -€98,316 | -5.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.