VAN DER STAR ELECTROMOTOREN: 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.
VAN DER STAR ELECTROMOTOREN
Largest movements
- Cash -€74,629
down €74,629 (-93.4%), from €79,920 to €5,292
mainly Current portion of long-term debt (-€40,000) and Net result for the year (-€27,486)
- Receivables within one year -€20,599
down €20,599 (-94.3%), from €21,838 to €1,239
of which Trade receivables: -€21,293
- Stocks and contracts +€13,165
up €13,165 (+23.8%), from €55,340 to €68,505
- Current portion of long-term debt -€40,000
down €40,000 (-66.7%), from €60,000 to €20,000
- Profit (loss) carried forward -€27,486
down €27,486, from €406 to -€27,080
- Trade debts -€11,111
down €11,111 (-99.1%), from €11,209 to €97
- Debts after one year -€10,000
no longer reported in 2025 (was €10,000)
- Other debts +€6,556
up €6,556 (+35.6%), from €18,434 to €24,990
- Gross operating margin -€42,192
down €42,192, from €15,234 to -€26,958
- Taxes -€5,965
no longer reported in 2025 (was €5,965)
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 | €159,081 | €76,854 | -€82,228 | -51.7% |
| Current assets | 29/58 | €159,081 | €76,854 | -€82,228 | -51.7% |
| Stocks and contracts in progress | 3 | €55,340 | €68,505 | +€13,165 | +23.8% |
| Stocks | 30/36 | €55,340 | €68,505 | +€13,165 | +23.8% |
| Amounts receivable within one year | 40/41 | €21,838 | €1,239 | -€20,599 | -94.3% |
| Trade receivables | 40 | €21,293 | - | -€21,293 | |
| Other amounts receivable | 41 | €546 | €1,239 | +€694 | +127% |
| Cash at bank and in hand | 54/58 | €79,920 | €5,292 | -€74,629 | -93.4% |
| Deferred charges and accrued income | 490/1 | €1,983 | €1,818 | -€165 | -8.3% |
| Total equity and liabilities | 10/49 | €159,081 | €76,854 | -€82,228 | -51.7% |
| Equity | 10/15 | €57,295 | €29,809 | -€27,486 | -48.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €38,297 | €38,297 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €36,438 | €36,438 | = | 0.0% |
| Profit (loss) carried forward | 14 | €406 | -€27,080 | -€27,486 | |
| Amounts payable | 17/49 | €101,786 | €47,044 | -€54,742 | -53.8% |
| Amounts payable after more than one year | 17 | €10,000 | - | -€10,000 | |
| Financial debts | 170/4 | €10,000 | - | -€10,000 | |
| Amounts payable within one year | 42/48 | €91,600 | €47,044 | -€44,556 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €20,000 | -€40,000 | -66.7% |
| Trade debts | 44 | €11,209 | €97 | -€11,111 | -99.1% |
| Suppliers | 440/4 | €11,209 | €97 | -€11,111 | -99.1% |
| Taxes, remuneration and social security | 45 | €1,957 | €1,957 | = | 0.0% |
| Taxes | 450/3 | €1,957 | €1,957 | = | 0.0% |
| Other amounts payable | 47/48 | €18,434 | €24,990 | +€6,556 | +35.6% |
| Accrued charges and deferred income | 492/3 | €186 | - | -€186 | |
| Other operating charges | 640/8 | €727 | €461 | -€266 | -36.6% |
| Gross operating margin | 9900 | €15,234 | -€26,958 | -€42,192 | |
| Operating profit (loss) | 9901 | €14,507 | -€27,419 | -€41,926 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €74 | €67 | -€7 | -9.2% |
| Recurring financial charges | 65 | €74 | €67 | -€7 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €14,433 | -€27,486 | -€41,919 | |
| Income taxes | 67/77 | €5,965 | - | -€5,965 | |
| Profit (loss) for the period | 9904 | €8,468 | -€27,486 | -€35,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,468 | -€27,486 | -€35,954 |
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 29 October 2026 via checked.be.