Northstar: 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.
Northstar
Largest movements
- Cash -€1,581
no longer reported in 2025 (was €1,581)
- Receivables within one year -€919
down €919 (-12.8%), from €7,192 to €6,272
- Current portion of long-term debt -€2,500
no longer reported in 2025 (was €2,500)
- Gross operating margin -€3,300
no longer reported in 2025 (was €3,300)
- Taxes -€614
no longer reported in 2025 (was €614)
- Financial charges -€230
no longer reported in 2025 (was €230)
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,772 | €6,272 | -€2,500 | -28.5% |
| Current assets | 29/58 | €8,772 | €6,272 | -€2,500 | -28.5% |
| Amounts receivable within one year | 40/41 | €7,192 | €6,272 | -€919 | -12.8% |
| Other amounts receivable | 41 | €7,192 | €6,272 | -€919 | -12.8% |
| Cash at bank and in hand | 54/58 | €1,581 | - | -€1,581 | |
| Total equity and liabilities | 10/49 | €8,772 | €6,272 | -€2,500 | -28.5% |
| Equity | 10/15 | €5,658 | €5,658 | = | 0.0% |
| Contributions | 10/11 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,458 | €2,458 | = | 0.0% |
| Amounts payable | 17/49 | €3,114 | €614 | -€2,500 | -80.3% |
| Amounts payable within one year | 42/48 | €3,114 | €614 | -€2,500 | -80.3% |
| Current portion of amounts payable after more than one year | 42 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €614 | €614 | = | 0.0% |
| Taxes | 450/3 | €614 | €614 | = | 0.0% |
| Gross operating margin | 9900 | €3,300 | - | -€3,300 | |
| Operating profit (loss) | 9901 | €3,300 | - | -€3,300 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €230 | - | -€230 | |
| Recurring financial charges | 65 | €230 | - | -€230 | |
| Profit (loss) for the period before taxes | 9903 | €3,072 | - | -€3,072 | |
| Income taxes | 67/77 | €614 | - | -€614 | |
| Profit (loss) for the period | 9904 | €2,458 | - | -€2,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,458 | - | -€2,458 |
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 9 October 2026 via checked.be.