DE BLAUWE STER: 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.
DE BLAUWE STER
Largest movements
- Deferred charges and accrued income -€15,599
no longer reported in 2025 (was €15,599)
- Profit (loss) carried forward -€9,886
down €9,886 (-165%), from -€5,999 to -€15,885
- Other debts -€6,419
down €6,419 (-13.9%), from €46,155 to €39,736
- Trade debts +€1,473
up €1,473 (+4.2%), from €35,448 to €36,921
- Gross operating margin -€7,250
down €7,250, from €1,928 to -€5,322
- Other operating charges +€507
up €507 (+68.8%), from €737 to €1,245
- Taxes -€366
no longer reported in 2025 (was €366)
- Financial charges -€132
down €132 (-19.9%), from €661 to €529
- Depreciation +€99
up €99 (+3.7%), from €2,714 to €2,813
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 | €114,816 | €99,554 | -€15,262 | -13.3% |
| Fixed assets | 21/28 | €13,004 | €13,172 | +€168 | +1.3% |
| Tangible fixed assets | 22/27 | €13,004 | €13,172 | +€168 | +1.3% |
| Plant, machinery and equipment | 23 | €4,686 | €3,393 | -€1,294 | -27.6% |
| Furniture and vehicles | 24 | €3,872 | €3,127 | -€745 | -19.2% |
| Other tangible fixed assets | 26 | €4,445 | €6,653 | +€2,207 | +49.7% |
| Current assets | 29/58 | €101,812 | €86,382 | -€15,430 | -15.2% |
| Stocks and contracts in progress | 3 | €25,720 | €25,720 | = | 0.0% |
| Stocks | 30/36 | €25,720 | €25,720 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,247 | €56,452 | -€795 | -1.4% |
| Trade receivables | 40 | €57,247 | €56,452 | -€795 | -1.4% |
| Cash at bank and in hand | 54/58 | €3,247 | €4,210 | +€963 | +29.7% |
| Deferred charges and accrued income | 490/1 | €15,599 | - | -€15,599 | |
| Total equity and liabilities | 10/49 | €114,816 | €99,554 | -€15,262 | -13.3% |
| Equity | 10/15 | €32,783 | €22,897 | -€9,886 | -30.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,182 | €20,182 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,322 | €18,322 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,999 | -€15,885 | -€9,886 | -165% |
| Amounts payable | 17/49 | €82,033 | €76,657 | -€5,376 | -6.6% |
| Amounts payable within one year | 42/48 | €82,033 | €76,657 | -€5,376 | -6.6% |
| Trade debts | 44 | €35,448 | €36,921 | +€1,473 | +4.2% |
| Suppliers | 440/4 | €35,448 | €36,921 | +€1,473 | +4.2% |
| Taxes, remuneration and social security | 45 | €430 | - | -€430 | |
| Taxes | 450/3 | €430 | - | -€430 | |
| Other amounts payable | 47/48 | €46,155 | €39,736 | -€6,419 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,714 | €2,813 | +€99 | +3.7% |
| Other operating charges | 640/8 | €737 | €1,245 | +€507 | +68.8% |
| Gross operating margin | 9900 | €1,928 | -€5,322 | -€7,250 | |
| Operating profit (loss) | 9901 | -€1,523 | -€9,380 | -€7,856 | -516% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €661 | €529 | -€132 | -19.9% |
| Recurring financial charges | 65 | €661 | €529 | -€132 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,184 | -€9,886 | -€7,702 | -353% |
| Income taxes | 67/77 | €366 | - | -€366 | |
| Profit (loss) for the period | 9904 | -€2,550 | -€9,886 | -€7,335 | -288% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,550 | -€9,886 | -€7,335 | -288% |
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 28 October 2026 via checked.be.