De 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 Ster
Largest movements
- Cash -€22,595
down €22,595 (-37.3%), from €60,655 to €38,060
mainly Receivables within one year (-€12,179) and Net result for the year (-€11,655)
- Receivables within one year +€12,179
up €12,179 (+6.6%), from €183,457 to €195,636
of which Other amounts receivable: +€11,242
- Profit (loss) carried forward -€11,655
down €11,655 (-47.4%), from €24,588 to €12,933
- Gross operating margin +€21,607
up €21,607 (+55.3%), from -€39,073 to -€17,466
- Depreciation -€3,201
down €3,201 (-68.9%), from €4,644 to €1,443
- Financial income -€1,532
down €1,532 (-14.3%), from €10,703 to €9,171
- Taxes -€611
down €611 (-90.5%), from €675 to €64
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 | €246,790 | €234,931 | -€11,859 | -4.8% |
| Fixed assets | 21/28 | €2,679 | €1,236 | -€1,443 | -53.9% |
| Tangible fixed assets | 22/27 | €2,679 | €1,236 | -€1,443 | -53.9% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €1,333 | €407 | -€926 | -69.5% |
| Furniture and vehicles | 24 | €799 | €648 | -€151 | -18.9% |
| Other tangible fixed assets | 26 | €548 | €181 | -€366 | -66.9% |
| Current assets | 29/58 | €244,111 | €233,695 | -€10,416 | -4.3% |
| Amounts receivable within one year | 40/41 | €183,457 | €195,636 | +€12,179 | +6.6% |
| Trade receivables | 40 | - | €937 | +€937 | |
| Other amounts receivable | 41 | €183,457 | €194,699 | +€11,242 | +6.1% |
| Cash at bank and in hand | 54/58 | €60,655 | €38,060 | -€22,595 | -37.3% |
| Total equity and liabilities | 10/49 | €246,790 | €234,931 | -€11,859 | -4.8% |
| Equity | 10/15 | €245,223 | €233,568 | -€11,655 | -4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €202,044 | €202,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €184 | €184 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,588 | €12,933 | -€11,655 | -47.4% |
| Amounts payable | 17/49 | €1,567 | €1,363 | -€204 | -13.0% |
| Amounts payable within one year | 42/48 | €1,339 | €1,363 | +€24 | +1.8% |
| Trade debts | 44 | €304 | €869 | +€566 | +186% |
| Suppliers | 440/4 | €304 | €869 | +€566 | +186% |
| Taxes, remuneration and social security | 45 | €1,035 | €493 | -€541 | -52.3% |
| Taxes | 450/3 | €1,035 | €493 | -€541 | -52.3% |
| Accrued charges and deferred income | 492/3 | €228 | - | -€228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,644 | €1,443 | -€3,201 | -68.9% |
| Other operating charges | 640/8 | €1,834 | €1,893 | +€59 | +3.2% |
| Gross operating margin | 9900 | -€39,073 | -€17,466 | +€21,607 | +55.3% |
| Operating profit (loss) | 9901 | -€45,551 | -€20,802 | +€24,749 | +54.3% |
| Financial income | 75/76B | €10,703 | €9,171 | -€1,532 | -14.3% |
| Recurring financial income | 75 | €10,703 | €9,171 | -€1,532 | -14.3% |
| Financial charges | 65/66B | €202 | -€40 | -€242 | |
| Recurring financial charges | 65 | €202 | -€40 | -€242 | |
| Profit (loss) for the period before taxes | 9903 | -€35,050 | -€11,591 | +€23,459 | +66.9% |
| Income taxes | 67/77 | €675 | €64 | -€611 | -90.5% |
| Profit (loss) for the period | 9904 | -€35,726 | -€11,655 | +€24,070 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,726 | -€11,655 | +€24,070 | +67.4% |
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.