NG STAR: 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.
What changed
NG STAR
NACE 46.861, Wholesale of diamonds and other precious stones
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€76,570
2024 · -€61,972+€138,542
Equity
€565,873
2024 · €489,303+€76,570
Cash
€119,001
2024 · €72,781+€46,220
Balance sheet total
€6.8m
2024 · €3.7m+€3.0m
Largest movements
Assets
- Receivables within one year +€3.0m
up €3.0m (+90.8%), from €3.3m to €6.3m
of which Trade receivables: +€3.0m
Equity and liabilities
- Trade debts +€3.0m
up €3.0m (+92.7%), from €3.2m to €6.2m
Income statement
- Gross operating margin +€132,809
up €132,809, from -€52,019 to €80,791
- Taxes -€9,379
down €9,379 (-53.8%), from €17,419 to €8,039
- Financial charges +€4,323
up €4,323 (+37.4%), from €11,560 to €15,884
- Depreciation -€2,942
down €2,942 (-19.1%), from €15,380 to €12,438
- Financial income -€1,851
down €1,851 (-4.5%), from €40,722 to €38,871
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.
Result 2024
-€61,972
Gross operating margin
+€132,809
Depreciation
+€2,942
Other operating charges
-€414
Financial income
-€1,851
Financial charges
-€4,323
Taxes
+€9,379
Result 2025
€76,570
raises the resultlowers the result
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.
From operations
+€54,695
Investment
-€2,740
Financing
-€5,734
Cash 2024
€72,781
From operations (derived)
+€54,695
Net result for the year
+€76,570
Depreciation
+€12,438
Stocks and contracts
+€15,809
Receivables within one year
-€3.0m
Smaller working-capital items
+€3,200
Trade debts
+€3.0m
Investment (derived)
-€2,740
Investment in fixed assets (net)
-€2,740
Financing
-€5,734
Current portion of long-term debt
-€5,734
Cash 2025
€119,001
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,724,487 | €6,766,154 | +€3.0m | +81.7% |
| Fixed assets | 21/28 | €188,542 | €178,843 | -€9,698 | -5.1% |
| Tangible fixed assets | 22/27 | €182,542 | €172,843 | -€9,698 | -5.3% |
| Land and buildings | 22 | €164,838 | €160,708 | -€4,130 | -2.5% |
| Plant, machinery and equipment | 23 | €11,355 | €10,746 | -€609 | -5.4% |
| Furniture and vehicles | 24 | €826 | €1,390 | +€563 | +68.2% |
| Leasing and similar rights | 25 | €5,523 | - | -€5,523 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €3,535,946 | €6,587,310 | +€3.1m | +86.3% |
| Stocks and contracts in progress | 3 | €136,480 | €120,672 | -€15,809 | -11.6% |
| Stocks | 30/36 | €136,480 | €120,672 | -€15,809 | -11.6% |
| Amounts receivable within one year | 40/41 | €3,326,603 | €6,347,180 | +€3.0m | +90.8% |
| Trade receivables | 40 | €2,631,923 | €5,602,834 | +€3.0m | +113% |
| Other amounts receivable | 41 | €694,680 | €744,346 | +€49,666 | +7.1% |
| Cash at bank and in hand | 54/58 | €72,781 | €119,001 | +€46,220 | +63.5% |
| Deferred charges and accrued income | 490/1 | €81 | €457 | +€375 | +461% |
| Total equity and liabilities | 10/49 | €3,724,487 | €6,766,154 | +€3.0m | +81.7% |
| Equity | 10/15 | €489,303 | €565,873 | +€76,570 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €532,675 | €547,273 | +€14,598 | +2.7% |
| Distributable reserves | 133 | €532,675 | €547,273 | +€14,598 | +2.7% |
| Profit (loss) carried forward | 14 | -€61,972 | - | +€61,972 | |
| Amounts payable | 17/49 | €3,235,184 | €6,200,280 | +€3.0m | +91.7% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,219,583 | €6,183,460 | +€3.0m | +92.1% |
| Current portion of amounts payable after more than one year | 42 | €5,734 | - | -€5,734 | |
| Trade debts | 44 | €3,201,168 | €6,168,423 | +€3.0m | +92.7% |
| Suppliers | 440/4 | €3,201,168 | €6,168,423 | +€3.0m | +92.7% |
| Taxes, remuneration and social security | 45 | €11,351 | €13,707 | +€2,356 | +20.8% |
| Taxes | 450/3 | €11,351 | €13,707 | +€2,356 | +20.8% |
| Other amounts payable | 47/48 | €1,331 | €1,331 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €601 | €1,820 | +€1,219 | +203% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,380 | €12,438 | -€2,942 | -19.1% |
| Other operating charges | 640/8 | €6,316 | €6,730 | +€414 | +6.6% |
| Gross operating margin | 9900 | -€52,019 | €80,791 | +€132,809 | |
| Operating profit (loss) | 9901 | -€73,715 | €61,622 | +€135,337 | |
| Financial income | 75/76B | €40,722 | €38,871 | -€1,851 | -4.5% |
| Recurring financial income | 75 | €40,722 | €38,871 | -€1,851 | -4.5% |
| Financial charges | 65/66B | €11,560 | €15,884 | +€4,323 | +37.4% |
| Recurring financial charges | 65 | €11,560 | €15,884 | +€4,323 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€44,553 | €84,610 | +€129,163 | |
| Income taxes | 67/77 | €17,419 | €8,039 | -€9,379 | -53.8% |
| Profit (loss) for the period | 9904 | -€61,972 | €76,570 | +€138,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,972 | €76,570 | +€138,542 |
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.