GOLDSTAR: 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.
GOLDSTAR
Largest movements
- Tangible fixed assets -€20,248
down €20,248 (-31.7%), from €63,920 to €43,672
- Stocks and contracts +€10,273
up €10,273 (+20.8%), from €49,498 to €59,771
- Cash +€3,329
up €3,329 (+22.1%), from €15,048 to €18,377
mainly Depreciation (+€20,248) and Net result for the year (+€14,451)
- Receivables within one year -€3,167
down €3,167 (-97.7%), from €3,240 to €73
- Other debts -€21,118
down €21,118 (-78.7%), from €26,840 to €5,722
- Profit (loss) carried forward +€14,451
up €14,451 (+63.0%), from €22,925 to €37,376
- Trade debts -€14,300
down €14,300 (-32.5%), from €43,952 to €29,652
- Tax, wage and social debts +€11,154
up €11,154 (+775%), from €1,440 to €12,594
of which Taxes: +€6,654
- Purchases and services -€172,837
down €172,837 (-20.5%), from €843,630 to €670,793
- Turnover -€110,912
down €110,912 (-12.7%), from €876,354 to €765,442
- Gross operating margin +€59,625
up €59,625 (+170%), from €35,024 to €94,649
- Staff costs +€46,523
new in 2025: €46,523
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 | €134,406 | €124,593 | -€9,813 | -7.3% |
| Fixed assets | 21/28 | €66,620 | €46,372 | -€20,248 | -30.4% |
| Tangible fixed assets | 22/27 | €63,920 | €43,672 | -€20,248 | -31.7% |
| Furniture and vehicles | 24 | €63,920 | €43,672 | -€20,248 | -31.7% |
| Financial fixed assets | 28 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €67,786 | €78,221 | +€10,435 | +15.4% |
| Stocks and contracts in progress | 3 | €49,498 | €59,771 | +€10,273 | +20.8% |
| Stocks | 30/36 | €49,498 | €59,771 | +€10,273 | +20.8% |
| Amounts receivable within one year | 40/41 | €3,240 | €73 | -€3,167 | -97.7% |
| Other amounts receivable | 41 | €3,240 | €73 | -€3,167 | -97.7% |
| Cash at bank and in hand | 54/58 | €15,048 | €18,377 | +€3,329 | +22.1% |
| Total equity and liabilities | 10/49 | €134,406 | €124,593 | -€9,813 | -7.3% |
| Equity | 10/15 | €61,330 | €75,781 | +€14,451 | +23.6% |
| Contributions | 10/11 | €13,634 | €13,634 | = | 0.0% |
| Contributions outside capital | 11 | €13,634 | - | -€13,634 | |
| Other | 1109/19 | €13,634 | - | -€13,634 | |
| Reserves | 13 | €24,771 | €24,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,082 | €3,082 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,082 | €3,082 | = | 0.0% |
| Tax-exempt reserves | 132 | €918 | €918 | = | 0.0% |
| Distributable reserves | 133 | €20,771 | €20,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,925 | €37,376 | +€14,451 | +63.0% |
| Amounts payable | 17/49 | €73,076 | €48,812 | -€24,264 | -33.2% |
| Amounts payable within one year | 42/48 | €73,076 | €48,812 | -€24,264 | -33.2% |
| Financial debts | 43 | €844 | €844 | = | 0.0% |
| Credit institutions | 430/8 | €844 | €844 | = | 0.0% |
| Trade debts | 44 | €43,952 | €29,652 | -€14,300 | -32.5% |
| Suppliers | 440/4 | €43,952 | €29,652 | -€14,300 | -32.5% |
| Taxes, remuneration and social security | 45 | €1,440 | €12,594 | +€11,154 | +775% |
| Taxes | 450/3 | €1,440 | €8,094 | +€6,654 | +462% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €26,840 | €5,722 | -€21,118 | -78.7% |
| Turnover | 70 | €876,354 | €765,442 | -€110,912 | -12.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €843,630 | €670,793 | -€172,837 | -20.5% |
| Remuneration, social security and pensions | 62 | - | €46,523 | +€46,523 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,248 | €20,248 | = | 0.0% |
| Other operating charges | 640/8 | €6,783 | €8,390 | +€1,607 | +23.7% |
| Gross operating margin | 9900 | €35,024 | €94,649 | +€59,625 | +170% |
| Operating profit (loss) | 9901 | €7,993 | €19,488 | +€11,495 | +144% |
| Financial charges | 65/66B | €2,911 | €1,424 | -€1,487 | -51.1% |
| Recurring financial charges | 65 | €2,911 | €1,424 | -€1,487 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €5,082 | €18,064 | +€12,982 | +255% |
| Income taxes | 67/77 | - | €3,613 | +€3,613 | |
| Profit (loss) for the period | 9904 | €5,082 | €14,451 | +€9,369 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €5,082 | €14,451 | +€9,369 | +184% |
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 23 October 2026 via checked.be.