NORDSTAR: 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.
NORDSTAR
Largest movements
- Cash -€2,304
down €2,304 (-22.9%), from €10,056 to €7,752
mainly Other debts (-€8,000) and Stocks and contracts (-€1,560)
- Stocks and contracts +€1,560
up €1,560 (+6.8%), from €23,053 to €24,613
- Receivables within one year +€417
up €417 (+48.2%), from €864 to €1,281
- Other debts -€8,000
down €8,000 (-23.0%), from €34,851 to €26,851
- Profit (loss) carried forward +€6,441
up €6,441 (+28.5%), from -€22,596 to -€16,155
- Tax, wage and social debts +€818
up €818 (+76.5%), from €1,068 to €1,886
- Trade debts +€413
up €413 (+19.0%), from €2,179 to €2,592
- Purchases and services -€57,796
down €57,796 (-15.4%), from €375,858 to €318,063
- Turnover -€53,883
down €53,883 (-14.2%), from €380,478 to €326,595
- Gross operating margin +€3,913
up €3,913 (+84.7%), from €4,619 to €8,532
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 | €34,163 | €33,835 | -€328 | -1.0% |
| Fixed assets | 21/28 | €190 | €190 | = | 0.0% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €33,973 | €33,645 | -€328 | -1.0% |
| Stocks and contracts in progress | 3 | €23,053 | €24,613 | +€1,560 | +6.8% |
| Stocks | 30/36 | €23,053 | €24,613 | +€1,560 | +6.8% |
| Amounts receivable within one year | 40/41 | €864 | €1,281 | +€417 | +48.2% |
| Other amounts receivable | 41 | €864 | €1,281 | +€417 | +48.2% |
| Cash at bank and in hand | 54/58 | €10,056 | €7,752 | -€2,304 | -22.9% |
| Total equity and liabilities | 10/49 | €34,163 | €33,835 | -€328 | -1.0% |
| Equity | 10/15 | -€3,935 | €2,506 | +€6,441 | |
| Contributions | 10/11 | €18,661 | €18,661 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,596 | -€16,155 | +€6,441 | +28.5% |
| Amounts payable | 17/49 | €38,098 | €31,329 | -€6,769 | -17.8% |
| Amounts payable within one year | 42/48 | €38,098 | €31,329 | -€6,769 | -17.8% |
| Trade debts | 44 | €2,179 | €2,592 | +€413 | +19.0% |
| Suppliers | 440/4 | €2,179 | €2,592 | +€413 | +19.0% |
| Taxes, remuneration and social security | 45 | €1,068 | €1,886 | +€818 | +76.5% |
| Taxes | 450/3 | €1,068 | €1,886 | +€818 | +76.5% |
| Other amounts payable | 47/48 | €34,851 | €26,851 | -€8,000 | -23.0% |
| Turnover | 70 | €380,478 | €326,595 | -€53,883 | -14.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €375,858 | €318,063 | -€57,796 | -15.4% |
| Remuneration, social security and pensions | 62 | €41 | - | -€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | - | -€500 | |
| Other operating charges | 640/8 | €384 | €1,340 | +€955 | +249% |
| Gross operating margin | 9900 | €4,619 | €8,532 | +€3,913 | +84.7% |
| Operating profit (loss) | 9901 | €3,694 | €7,193 | +€3,499 | +94.7% |
| Financial charges | 65/66B | €178 | €136 | -€41 | -23.2% |
| Recurring financial charges | 65 | €178 | €136 | -€41 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €3,516 | €7,056 | +€3,540 | +101% |
| Income taxes | 67/77 | - | €615 | +€615 | |
| Profit (loss) for the period | 9904 | €3,516 | €6,441 | +€2,925 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,516 | €6,441 | +€2,925 | +83.2% |
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 21 October 2026 via checked.be.