NORTH STAR SOLUTIONS: 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.
NORTH STAR SOLUTIONS
Largest movements
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Cash +€90,158
up €90,158 (+237%), from €38,033 to €128,191
mainly Current investments (+€120,000) and Deferred charges and accrued income (+€1,025)
- Tax, wage and social debts -€30,432
no longer reported in 2025 (was €30,432)
- Profit (loss) carried forward -€2,076
down €2,076 (-4.1%), from €50,840 to €48,764
- Gross operating margin -€104,458
down €104,458, from €100,840 to -€3,618
- Taxes -€28,047
no longer reported in 2025 (was €28,047)
- Financial income +€1,077
up €1,077 (+105%), from €1,025 to €2,102
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 | €161,789 | €130,033 | -€31,756 | -19.6% |
| Fixed assets | 21/28 | €1,370 | €868 | -€502 | -36.6% |
| Tangible fixed assets | 22/27 | €1,370 | €868 | -€502 | -36.6% |
| Furniture and vehicles | 24 | €1,370 | €868 | -€502 | -36.6% |
| Current assets | 29/58 | €160,419 | €129,165 | -€31,254 | -19.5% |
| Amounts receivable within one year | 40/41 | €1,361 | €974 | -€387 | -28.4% |
| Trade receivables | 40 | €1,361 | - | -€1,361 | |
| Other amounts receivable | 41 | - | €974 | +€974 | |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €38,033 | €128,191 | +€90,158 | +237% |
| Deferred charges and accrued income | 490/1 | €1,025 | - | -€1,025 | |
| Total equity and liabilities | 10/49 | €161,789 | €130,033 | -€31,756 | -19.6% |
| Equity | 10/15 | €125,467 | €123,391 | -€2,076 | -1.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €73,628 | €73,628 | = | 0.0% |
| Distributable reserves | 133 | €73,628 | €73,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,840 | €48,764 | -€2,076 | -4.1% |
| Amounts payable | 17/49 | €36,322 | €6,642 | -€29,680 | -81.7% |
| Amounts payable within one year | 42/48 | €36,322 | €6,642 | -€29,680 | -81.7% |
| Trade debts | 44 | €564 | €566 | +€2 | +0.4% |
| Suppliers | 440/4 | €564 | €566 | +€2 | +0.4% |
| Taxes, remuneration and social security | 45 | €30,432 | - | -€30,432 | |
| Taxes | 450/3 | €30,432 | - | -€30,432 | |
| Other amounts payable | 47/48 | €5,326 | €6,076 | +€750 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136 | €502 | +€366 | +269% |
| Gross operating margin | 9900 | €100,840 | -€3,618 | -€104,458 | |
| Operating profit (loss) | 9901 | €100,704 | -€4,120 | -€104,824 | |
| Financial income | 75/76B | €1,025 | €2,102 | +€1,077 | +105% |
| Recurring financial income | 75 | €1,025 | €2,102 | +€1,077 | +105% |
| Financial charges | 65/66B | €55 | €59 | +€4 | +6.8% |
| Recurring financial charges | 65 | €55 | €59 | +€4 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €101,675 | -€2,076 | -€103,750 | |
| Income taxes | 67/77 | €28,047 | - | -€28,047 | |
| Profit (loss) for the period | 9904 | €73,628 | -€2,076 | -€75,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,628 | -€2,076 | -€75,703 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.