De Groene 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 Groene Ster
Largest movements
- Tangible fixed assets +€15,627
up €15,627 (+106%), from €14,750 to €30,377
of which Furniture and vehicles: +€13,259
- Cash +€6,747
up €6,747 (+36.2%), from €18,620 to €25,367
mainly Other debts (+€15,755) and Net result for the year (+€13,477)
- Receivables within one year -€4,169
down €4,169 (-20.5%), from €20,305 to €16,136
- Deferred charges and accrued income -€1,235
no longer reported in 2025 (was €1,235)
- Profit (loss) carried forward -€18,101
no longer reported in 2025 (was €18,101)
- Other debts +€15,755
up €15,755 (+263%), from €5,995 to €21,750
- Reserves +€9,829
up €9,829 (+90.0%), from €10,923 to €20,752
- Tax, wage and social debts +€7,291
up €7,291 (+85.5%), from €8,527 to €15,819
of which Taxes: +€6,036
- Trade debts +€1,982
up €1,982 (+62.9%), from €3,152 to €5,134
- Other operating charges +€3,144
up €3,144 (+71.2%), from €4,413 to €7,557
- Financial charges -€3,019
down €3,019 (-85.5%), from €3,530 to €511
of which Financial charges: -€3,031
- Staff costs -€1,962
down €1,962 (-3.8%), from €52,153 to €50,191
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 | €65,299 | €82,054 | +€16,755 | +25.7% |
| Fixed assets | 21/28 | €21,250 | €36,877 | +€15,627 | +73.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €14,750 | €30,377 | +€15,627 | +106% |
| Plant, machinery and equipment | 23 | €2,857 | €3,334 | +€476 | +16.7% |
| Furniture and vehicles | 24 | €11,893 | €25,151 | +€13,259 | +111% |
| Other tangible fixed assets | 26 | - | €1,892 | +€1,892 | |
| Financial fixed assets | 28 | €6,500 | €6,500 | = | 0.0% |
| Current assets | 29/58 | €44,050 | €45,178 | +€1,128 | +2.6% |
| Stocks and contracts in progress | 3 | €3,889 | €3,675 | -€214 | -5.5% |
| Stocks | 30/36 | €3,889 | €3,675 | -€214 | -5.5% |
| Amounts receivable within one year | 40/41 | €20,305 | €16,136 | -€4,169 | -20.5% |
| Other amounts receivable | 41 | €20,305 | €16,136 | -€4,169 | -20.5% |
| Cash at bank and in hand | 54/58 | €18,620 | €25,367 | +€6,747 | +36.2% |
| Deferred charges and accrued income | 490/1 | €1,235 | - | -€1,235 | |
| Total equity and liabilities | 10/49 | €65,299 | €82,054 | +€16,755 | +25.7% |
| Equity | 10/15 | €47,625 | €39,352 | -€8,273 | -17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,923 | €20,752 | +€9,829 | +90.0% |
| Distributable reserves | 133 | €10,923 | €20,752 | +€9,829 | +90.0% |
| Profit (loss) carried forward | 14 | €18,101 | - | -€18,101 | |
| Amounts payable | 17/49 | €17,675 | €42,702 | +€25,028 | +142% |
| Amounts payable within one year | 42/48 | €17,675 | €42,702 | +€25,028 | +142% |
| Trade debts | 44 | €3,152 | €5,134 | +€1,982 | +62.9% |
| Suppliers | 440/4 | €3,152 | €5,134 | +€1,982 | +62.9% |
| Taxes, remuneration and social security | 45 | €8,527 | €15,819 | +€7,291 | +85.5% |
| Taxes | 450/3 | €5,826 | €11,862 | +€6,036 | +104% |
| Remuneration and social security | 454/9 | €2,701 | €3,957 | +€1,256 | +46.5% |
| Other amounts payable | 47/48 | €5,995 | €21,750 | +€15,755 | +263% |
| Remuneration, social security and pensions | 62 | €52,153 | €50,191 | -€1,962 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,322 | €5,022 | -€300 | -5.6% |
| Other operating charges | 640/8 | €4,413 | €7,557 | +€3,144 | +71.2% |
| Gross operating margin | 9900 | €81,412 | €81,287 | -€125 | -0.2% |
| Operating profit (loss) | 9901 | €19,524 | €18,517 | -€1,007 | -5.2% |
| Financial income | 75/76B | €21 | €767 | +€746 | +3,632% |
| Recurring financial income | 75 | €21 | €767 | +€746 | +3,632% |
| Financial charges | 65/66B | €3,530 | €511 | -€3,019 | -85.5% |
| Recurring financial charges | 65 | €3,530 | €499 | -€3,031 | -85.9% |
| Non-recurring financial charges | 66B | - | €12 | +€12 | |
| Profit (loss) for the period before taxes | 9903 | €16,014 | €18,772 | +€2,758 | +17.2% |
| Income taxes | 67/77 | €5,590 | €5,295 | -€295 | -5.3% |
| Profit (loss) for the period | 9904 | €10,424 | €13,477 | +€3,053 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,424 | €13,477 | +€3,053 | +29.3% |
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 31 October 2026 via checked.be.