SOUTHSTAR: 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.
SOUTHSTAR
Largest movements
- Receivables within one year -€12,589
down €12,589 (-9.1%), from €137,900 to €125,311
of which Trade receivables: -€17,547
- Cash +€10,101
up €10,101 (+39.8%), from €25,349 to €35,450
mainly Receivables within one year (+€12,589) and Net result for the year (+€6,251)
- Trade debts -€6,596
down €6,596 (-40.1%), from €16,463 to €9,867
- Reserves +€6,251
up €6,251 (+4.9%), from €128,307 to €134,558
of which Distributable reserves: +€6,251
- Tax, wage and social debts -€3,246
down €3,246 (-33.4%), from €9,731 to €6,486
- Gross operating margin -€21,604
down €21,604 (-59.4%), from €36,351 to €14,746
- Taxes -€4,186
down €4,186 (-43.1%), from €9,717 to €5,531
- Financial charges -€1,465
down €1,465 (-42.9%), from €3,416 to €1,951
- Depreciation +€568
up €568 (+80.9%), from €702 to €1,270
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 | €173,101 | €169,510 | -€3,591 | -2.1% |
| Fixed assets | 21/28 | €5,762 | €5,744 | -€18 | -0.3% |
| Tangible fixed assets | 22/27 | €5,762 | €5,744 | -€18 | -0.3% |
| Plant, machinery and equipment | 23 | €1,980 | €1,781 | -€198 | -10.0% |
| Furniture and vehicles | 24 | €3,782 | €3,962 | +€180 | +4.8% |
| Current assets | 29/58 | €167,339 | €163,766 | -€3,573 | -2.1% |
| Amounts receivable within one year | 40/41 | €137,900 | €125,311 | -€12,589 | -9.1% |
| Trade receivables | 40 | €28,677 | €11,130 | -€17,547 | -61.2% |
| Other amounts receivable | 41 | €109,223 | €114,181 | +€4,957 | +4.5% |
| Cash at bank and in hand | 54/58 | €25,349 | €35,450 | +€10,101 | +39.8% |
| Deferred charges and accrued income | 490/1 | €4,090 | €3,005 | -€1,084 | -26.5% |
| Total equity and liabilities | 10/49 | €173,101 | €169,510 | -€3,591 | -2.1% |
| Equity | 10/15 | €146,907 | €153,158 | +€6,251 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €128,307 | €134,558 | +€6,251 | +4.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €126,447 | €132,698 | +€6,251 | +4.9% |
| Amounts payable | 17/49 | €26,194 | €16,353 | -€9,842 | -37.6% |
| Amounts payable within one year | 42/48 | €26,194 | €16,353 | -€9,842 | -37.6% |
| Trade debts | 44 | €16,463 | €9,867 | -€6,596 | -40.1% |
| Suppliers | 440/4 | €16,463 | €9,867 | -€6,596 | -40.1% |
| Taxes, remuneration and social security | 45 | €9,731 | €6,486 | -€3,246 | -33.4% |
| Taxes | 450/3 | €9,731 | €6,486 | -€3,246 | -33.4% |
| Non-recurring operating income | 76A | €8,145 | - | -€8,145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €702 | €1,270 | +€568 | +80.9% |
| Other operating charges | 640/8 | €1,451 | €1,344 | -€107 | -7.4% |
| Gross operating margin | 9900 | €36,351 | €14,746 | -€21,604 | -59.4% |
| Operating profit (loss) | 9901 | €34,198 | €12,133 | -€22,065 | -64.5% |
| Financial income | 75/76B | €1,641 | €1,600 | -€41 | -2.5% |
| Recurring financial income | 75 | €1,641 | €1,600 | -€41 | -2.5% |
| Financial charges | 65/66B | €3,416 | €1,951 | -€1,465 | -42.9% |
| Recurring financial charges | 65 | €3,416 | €1,951 | -€1,465 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €32,423 | €11,782 | -€20,641 | -63.7% |
| Income taxes | 67/77 | €9,717 | €5,531 | -€4,186 | -43.1% |
| Profit (loss) for the period | 9904 | €22,706 | €6,251 | -€16,455 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,706 | €6,251 | -€16,455 | -72.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.