GOLD STARS: what changed
What changed
GOLD STARS
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
filed annual accounts (NBB)
Net result for the year
€93,314
2024 · €40,829+€52,485
Equity
€594,354
2024 · €501,040+€93,314
Cash
€39,625
2024 · €21,979+€17,645
Balance sheet total
€2.6m
2024 · €2.5m+€17,145
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€131,505
down €131,505 (-8.3%), from €1.6m to €1.5m
- Reserves +€93,314
up €93,314 (+66.3%), from €140,842 to €234,156
- Short-term financial debts +€29,705
up €29,705 (+11.5%), from €257,688 to €287,394
Income statement
- Turnover +€531,340
new in 2025: €531,340
- Other operating charges -€216,736
down €216,736 (-80.5%), from €269,234 to €52,499
- Purchases and services +€196,348
new in 2025: €196,348
- Gross operating margin -€150,113
down €150,113 (-30.9%), from €485,105 to €334,992
- Depreciation +€10,292
up €10,292 (+7.3%), from €141,338 to €151,631
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
€40,829
Gross operating margin
-€150,113
Depreciation
-€10,292
Other operating charges
+€216,736
Financial charges
-€3,845
Result 2025
€93,314
raises the resultlowers the result
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
+€264,445
Investment
-€145,000
Financing
-€101,800
Cash 2024
€21,979
From operations (derived)
+€264,445
Net result for the year
+€93,314
Depreciation
+€151,631
Receivables within one year
-€6,130
Trade debts
+€1,220
Tax, wage and social debts
+€24,410
Investment (derived)
-€145,000
Investment in fixed assets (net)
-€145,000
Financing
-€101,800
Debts after one year
-€131,505
Short-term financial debts
+€29,705
Cash 2025
€39,625
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,536,590 | €2,553,735 | +€17,145 | +0.7% |
| Fixed assets | 21/28 | €2,477,248 | €2,470,617 | -€6,631 | -0.3% |
| Tangible fixed assets | 22/27 | €2,477,161 | €2,470,531 | -€6,631 | -0.3% |
| Land and buildings | 22 | €2,362,190 | €2,398,797 | +€36,607 | +1.5% |
| Plant, machinery and equipment | 23 | €114,971 | €71,734 | -€43,238 | -37.6% |
| Financial fixed assets | 28 | €86 | €86 | = | 0.0% |
| Current assets | 29/58 | €59,342 | €83,118 | +€23,776 | +40.1% |
| Amounts receivable within one year | 40/41 | €37,362 | €43,493 | +€6,130 | +16.4% |
| Trade receivables | 40 | €31,054 | €6,523 | -€24,531 | -79.0% |
| Other amounts receivable | 41 | €6,309 | €36,970 | +€30,661 | +486% |
| Cash at bank and in hand | 54/58 | €21,979 | €39,625 | +€17,645 | +80.3% |
| Total equity and liabilities | 10/49 | €2,536,590 | €2,553,735 | +€17,145 | +0.7% |
| Equity | 10/15 | €501,040 | €594,354 | +€93,314 | +18.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €140,842 | €234,156 | +€93,314 | +66.3% |
| Distributable reserves | 133 | €140,842 | €234,156 | +€93,314 | +66.3% |
| Profit (loss) carried forward | 14 | €298,198 | €298,198 | = | 0.0% |
| Amounts payable | 17/49 | €2,035,550 | €1,959,380 | -€76,169 | -3.7% |
| Amounts payable after more than one year | 17 | €1,583,954 | €1,452,449 | -€131,505 | -8.3% |
| Financial debts | 170/4 | €1,583,954 | €1,452,449 | -€131,505 | -8.3% |
| Amounts payable within one year | 42/48 | €451,595 | €506,931 | +€55,336 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €171,000 | €171,000 | = | 0.0% |
| Financial debts | 43 | €257,688 | €287,394 | +€29,705 | +11.5% |
| Credit institutions | 430/8 | €257,688 | €287,394 | +€29,705 | +11.5% |
| Trade debts | 44 | €2,662 | €3,883 | +€1,220 | +45.8% |
| Suppliers | 440/4 | €2,662 | €3,883 | +€1,220 | +45.8% |
| Taxes, remuneration and social security | 45 | €20,245 | €44,654 | +€24,410 | +121% |
| Taxes | 450/3 | €15,970 | €36,880 | +€20,910 | +131% |
| Remuneration and social security | 454/9 | €4,274 | €7,774 | +€3,500 | +81.9% |
| Turnover | 70 | - | €531,340 | +€531,340 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €196,348 | +€196,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,338 | €151,631 | +€10,292 | +7.3% |
| Other operating charges | 640/8 | €269,234 | €52,499 | -€216,736 | -80.5% |
| Gross operating margin | 9900 | €485,105 | €334,992 | -€150,113 | -30.9% |
| Operating profit (loss) | 9901 | €74,532 | €130,862 | +€56,330 | +75.6% |
| Financial charges | 65/66B | €33,703 | €37,548 | +€3,845 | +11.4% |
| Recurring financial charges | 65 | €33,703 | €37,548 | +€3,845 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €40,829 | €93,314 | +€52,485 | +129% |
| Profit (loss) for the period | 9904 | €40,829 | €93,314 | +€52,485 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €40,829 | €93,314 | +€52,485 | +129% |
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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 6 November 2026 via checked.be.