RED STAR FORWARDING & LOGISTICS: 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.
RED STAR FORWARDING & LOGISTICS
Largest movements
- Receivables within one year -€122,114
down €122,114 (-28.0%), from €435,579 to €313,465
of which Trade receivables: -€93,708
- Cash +€37,961
up €37,961 (+6.4%), from €589,847 to €627,809
mainly Net result for the year (+€877,794) and Receivables within one year (+€122,114)
- Other debts -€443,346
down €443,346 (-92.1%), from €481,341 to €37,995
- Profit (loss) carried forward +€339,800
up €339,800 (+243%), from €140,000 to €479,800
- Tax, wage and social debts +€25,174
up €25,174 (+106%), from €23,822 to €48,996
of which Taxes: +€26,908
- Gross operating margin +€529,972
up €529,972 (+64.9%), from €816,024 to €1.3m
- Taxes +€133,114
up €133,114 (+79.1%), from €168,354 to €301,468
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 | €1,035,442 | €950,772 | -€84,670 | -8.2% |
| Fixed assets | 21/28 | €6,880 | €8,153 | +€1,273 | +18.5% |
| Tangible fixed assets | 22/27 | €6,880 | €8,153 | +€1,273 | +18.5% |
| Furniture and vehicles | 24 | €6,880 | €8,153 | +€1,273 | +18.5% |
| Current assets | 29/58 | €1,028,562 | €942,619 | -€85,943 | -8.4% |
| Amounts receivable within one year | 40/41 | €435,579 | €313,465 | -€122,114 | -28.0% |
| Trade receivables | 40 | €403,387 | €309,679 | -€93,708 | -23.2% |
| Other amounts receivable | 41 | €32,192 | €3,787 | -€28,406 | -88.2% |
| Cash at bank and in hand | 54/58 | €589,847 | €627,809 | +€37,961 | +6.4% |
| Deferred charges and accrued income | 490/1 | €3,136 | €1,345 | -€1,791 | -57.1% |
| Total equity and liabilities | 10/49 | €1,035,442 | €950,772 | -€84,670 | -8.2% |
| Equity | 10/15 | €250,000 | €589,800 | +€339,800 | +136% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,000 | €479,800 | +€339,800 | +243% |
| Amounts payable | 17/49 | €785,442 | €360,972 | -€424,470 | -54.0% |
| Amounts payable within one year | 42/48 | €785,442 | €360,972 | -€424,470 | -54.0% |
| Trade debts | 44 | €280,279 | €273,981 | -€6,298 | -2.2% |
| Suppliers | 440/4 | €280,279 | €273,981 | -€6,298 | -2.2% |
| Taxes, remuneration and social security | 45 | €23,822 | €48,996 | +€25,174 | +106% |
| Taxes | 450/3 | - | €26,908 | +€26,908 | |
| Remuneration and social security | 454/9 | €23,822 | €22,088 | -€1,734 | -7.3% |
| Other amounts payable | 47/48 | €481,341 | €37,995 | -€443,346 | -92.1% |
| Remuneration, social security and pensions | 62 | €159,155 | €159,352 | +€197 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,481 | €2,850 | +€1,369 | +92.4% |
| Other operating charges | 640/8 | €1,457 | €2,210 | +€753 | +51.7% |
| Gross operating margin | 9900 | €816,024 | €1,345,996 | +€529,972 | +64.9% |
| Operating profit (loss) | 9901 | €653,931 | €1,181,584 | +€527,653 | +80.7% |
| Financial income | 75/76B | €436 | €1,381 | +€945 | +217% |
| Recurring financial income | 75 | €436 | €1,381 | +€945 | +217% |
| Financial charges | 65/66B | €4,672 | €3,702 | -€970 | -20.8% |
| Recurring financial charges | 65 | €4,672 | €3,702 | -€970 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €649,694 | €1,179,262 | +€529,568 | +81.5% |
| Income taxes | 67/77 | €168,354 | €301,468 | +€133,114 | +79.1% |
| Profit (loss) for the period | 9904 | €481,341 | €877,794 | +€396,454 | +82.4% |
| Profit (loss) for the period to be appropriated | 9905 | €481,341 | €877,794 | +€396,454 | +82.4% |
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 30 October 2026 via checked.be.