De Ijs-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 Ijs-Ster
Largest movements
- Stocks and contracts -€20,823
down €20,823 (-28.8%), from €72,308 to €51,485
- Tangible fixed assets -€20,073
down €20,073 (-25.5%), from €78,859 to €58,786
of which Plant, machinery and equipment: -€18,079
- Cash +€15,005
up €15,005 (+355%), from €4,226 to €19,231
mainly Stocks and contracts (+€20,823) and Depreciation (+€20,073)
- Receivables within one year -€3,540
down €3,540 (-6.3%), from €56,371 to €52,830
of which Trade receivables: -€11,365
- Profit (loss) carried forward -€42,403
down €42,403 (-10.8%), from -€392,994 to -€435,397
- Other debts +€10,224
up €10,224 (+2.5%), from €408,533 to €418,757
- Trade debts +€8,576
up €8,576 (+14.6%), from €58,654 to €67,230
- Tax, wage and social debts -€6,734
down €6,734 (-98.1%), from €6,867 to €134
of which Remuneration and social security: -€6,582
- Staff costs -€37,434
down €37,434 (-91.1%), from €41,103 to €3,669
- Gross operating margin +€32,335
up €32,335 (+99.0%), from -€32,677 to -€342
- Write-downs +€16,600
new in 2025: €16,600
- Depreciation -€3,342
down €3,342 (-14.3%), from €23,415 to €20,073
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 | €213,060 | €182,723 | -€30,337 | -14.2% |
| Fixed assets | 21/28 | €80,155 | €58,786 | -€21,369 | -26.7% |
| Tangible fixed assets | 22/27 | €78,859 | €58,786 | -€20,073 | -25.5% |
| Plant, machinery and equipment | 23 | €65,086 | €47,007 | -€18,079 | -27.8% |
| Furniture and vehicles | 24 | €329 | €180 | -€149 | -45.3% |
| Other tangible fixed assets | 26 | €13,443 | €11,599 | -€1,845 | -13.7% |
| Financial fixed assets | 28 | €1,296 | €0 | -€1,296 | -100% |
| Current assets | 29/58 | €132,905 | €123,937 | -€8,968 | -6.7% |
| Stocks and contracts in progress | 3 | €72,308 | €51,485 | -€20,823 | -28.8% |
| Stocks | 30/36 | €72,308 | €51,485 | -€20,823 | -28.8% |
| Amounts receivable within one year | 40/41 | €56,371 | €52,830 | -€3,540 | -6.3% |
| Trade receivables | 40 | €19,281 | €7,916 | -€11,365 | -58.9% |
| Other amounts receivable | 41 | €37,089 | €44,914 | +€7,825 | +21.1% |
| Cash at bank and in hand | 54/58 | €4,226 | €19,231 | +€15,005 | +355% |
| Deferred charges and accrued income | 490/1 | - | €391 | +€391 | |
| Total equity and liabilities | 10/49 | €213,060 | €182,723 | -€30,337 | -14.2% |
| Equity | 10/15 | -€260,994 | -€303,397 | -€42,403 | -16.2% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€392,994 | -€435,397 | -€42,403 | -10.8% |
| Amounts payable | 17/49 | €474,054 | €486,120 | +€12,066 | +2.5% |
| Amounts payable within one year | 42/48 | €474,054 | €486,120 | +€12,066 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €58,654 | €67,230 | +€8,576 | +14.6% |
| Suppliers | 440/4 | €58,654 | €67,230 | +€8,576 | +14.6% |
| Taxes, remuneration and social security | 45 | €6,867 | €134 | -€6,734 | -98.1% |
| Taxes | 450/3 | €285 | €134 | -€152 | -53.2% |
| Remuneration and social security | 454/9 | €6,582 | €0 | -€6,582 | -100% |
| Other amounts payable | 47/48 | €408,533 | €418,757 | +€10,224 | +2.5% |
| Non-recurring operating income | 76A | €164 | €0 | -€164 | -100% |
| Remuneration, social security and pensions | 62 | €41,103 | €3,669 | -€37,434 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,415 | €20,073 | -€3,342 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,600 | +€16,600 | |
| Other operating charges | 640/8 | €1,141 | €877 | -€264 | -23.1% |
| Gross operating margin | 9900 | -€32,677 | -€342 | +€32,335 | +99.0% |
| Operating profit (loss) | 9901 | -€98,335 | -€41,560 | +€56,776 | +57.7% |
| Financial income | 75/76B | €268 | €0 | -€268 | -100% |
| Recurring financial income | 75 | €268 | €0 | -€268 | -100% |
| Financial charges | 65/66B | €902 | €843 | -€59 | -6.5% |
| Recurring financial charges | 65 | €902 | €843 | -€59 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€98,969 | -€42,403 | +€56,566 | +57.2% |
| Profit (loss) for the period | 9904 | -€98,969 | -€42,403 | +€56,566 | +57.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€98,969 | -€42,403 | +€56,566 | +57.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.