NORTHSTAR: what changed
Two fiscal 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.
What changed
NORTHSTAR
NACE 46.810, Wholesale of solid, liquid and gaseous fuels and related products
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2023 · €13.0m-€11.8m
Equity
€25.4m
2023 · €24.2m+€1.2m
Cash
€4.9m
2023 · €4.1m+€818,091
Balance sheet total
€48.3m
2023 · €66.4m-€18.1m
Largest movements
Assets
- Receivables within one year -€19.9m
down €19.9m (-45.1%), from €44.1m to €24.2m
of which Trade receivables: -€21.9m
- Cash +€818,091
up €818,091 (+20.1%), from €4.1m to €4.9m
mainly Receivables within one year (+€19.9m) and Net result for the year (+€1.2m)
Equity and liabilities
- Short-term financial debts -€9.9m
down €9.9m (-83.2%), from €11.9m to €2.0m
- Trade debts -€7.0m
down €7.0m (-27.8%), from €25.2m to €18.2m
- Tax, wage and social debts -€1.8m
down €1.8m (-98.6%), from €1.8m to €25,430
of which Taxes: -€1.8m
Income statement
- Goods and materials +€123.3m
up €123.3m (+8.9%), from €1.39bn to €1.51bn
of which Purchases: +€124.8m
- Turnover +€105.0m
up €105.0m (+7.4%), from €1.42bn to €1.52bn
From the 2023 result to the 2024 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.
Result 2023
€13.0m
Turnover
+€105.0m
Other operating income
+€374,418
Goods and materials
-€123.3m
Services and other goods
+€1.5m
Staff costs
+€276,591
Depreciation
-€20,988
Other operating charges
-€1.2m
Other operating items
-€29
Financial income
+€1.0m
Financial charges
+€352,010
Taxes
+€4.1m
Result 2024
€1.2m
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€11.2m
Investment
-€79,300
Financing
-€10.3m
Cash 2023
€4.1m
From operations (derived)
+€11.2m
Net result for the year
+€1.2m
Depreciation
+€90,612
Stocks and contracts
-€508,249
Receivables within one year
+€19.9m
Deferred charges and accrued income
-€507,818
Trade debts
-€7.0m
Tax, wage and social debts
-€1.8m
Accrued charges and deferred income
-€77,877
Investment (derived)
-€79,300
Investment in fixed assets (net)
-€76,134
Current investments
-€3,167
Financing
-€10.3m
Debts after one year
-€45,974
Current portion of long-term debt
-€359,281
Short-term financial debts
-€9.9m
Cash 2024
€4.9m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,397,559 | €48,346,045 | -€18.1m | -27.2% |
| Fixed assets | 21/28 | €370,318 | €355,840 | -€14,478 | -3.9% |
| Tangible fixed assets | 22/27 | €365,607 | €351,129 | -€14,478 | -4.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €174,554 | €268,172 | +€93,618 | +53.6% |
| Furniture and vehicles | 24 | €191,053 | €82,957 | -€108,096 | -56.6% |
| Financial fixed assets | 28 | €4,712 | €4,712 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,712 | €4,712 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,712 | €4,712 | = | 0.0% |
| Current assets | 29/58 | €66,027,240 | €47,990,204 | -€18.0m | -27.3% |
| Stocks and contracts in progress | 3 | €10,310,642 | €10,818,891 | +€508,249 | +4.9% |
| Stocks | 30/36 | €10,310,642 | €10,818,891 | +€508,249 | +4.9% |
| Goods purchased for resale | 34 | €10,310,642 | €10,818,891 | +€508,249 | +4.9% |
| Amounts receivable within one year | 40/41 | €44,101,511 | €24,227,150 | -€19.9m | -45.1% |
| Trade receivables | 40 | €40,412,457 | €18,482,154 | -€21.9m | -54.3% |
| Other amounts receivable | 41 | €3,689,055 | €5,744,996 | +€2.1m | +55.7% |
| Current investments | 50/53 | €7,452,340 | €7,455,507 | +€3,167 | 0.0% |
| Other investments | 51/53 | €7,452,340 | €7,455,507 | +€3,167 | 0.0% |
| Cash at bank and in hand | 54/58 | €4,070,236 | €4,888,327 | +€818,091 | +20.1% |
| Deferred charges and accrued income | 490/1 | €92,511 | €600,329 | +€507,818 | +548.9% |
| Total equity and liabilities | 10/49 | €66,397,559 | €48,346,045 | -€18.1m | -27.2% |
| Equity | 10/15 | €24,195,601 | €25,388,997 | +€1.2m | +4.9% |
| Contributions | 10/11 | €3,552,033 | €3,552,033 | = | 0.0% |
| Capital | 10 | €3,552,033 | €3,552,033 | = | 0.0% |
| Issued capital | 100 | €3,552,033 | €3,552,033 | = | 0.0% |
| Reserves | 13 | €5,273,597 | €5,852,470 | +€578,874 | +11.0% |
| Non-distributable reserves | 130/1 | €714,323 | €714,323 | = | 0.0% |
| Legal reserve | 130 | €647,985 | €647,985 | = | 0.0% |
| Reserves not available under the articles | 1311 | €66,338 | €66,338 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,325,630 | €2,578,625 | -€1.7m | -40.4% |
| Distributable reserves | 133 | €233,644 | €2,559,522 | +€2.3m | +995.5% |
| Profit (loss) carried forward | 14 | €15,369,971 | €15,984,493 | +€614,522 | +4.0% |
| Amounts payable | 17/49 | €42,201,958 | €22,957,048 | -€19.2m | -45.6% |
| Amounts payable after more than one year | 17 | €1,845,974 | €1,800,000 | -€45,974 | -2.5% |
| Financial debts | 170/4 | €1,845,974 | €1,800,000 | -€45,974 | -2.5% |
| Subordinated loans | 170 | €1,800,000 | €1,800,000 | = | 0.0% |
| Credit institutions | 173 | €45,974 | - | -€45,974 | |
| Amounts payable within one year | 42/48 | €39,356,096 | €20,235,038 | -€19.1m | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €405,256 | €45,975 | -€359,281 | -88.7% |
| Financial debts | 43 | €11,932,623 | €2,000,000 | -€9.9m | -83.2% |
| Credit institutions | 430/8 | €11,932,623 | €2,000,000 | -€9.9m | -83.2% |
| Trade debts | 44 | €25,170,963 | €18,163,633 | -€7.0m | -27.8% |
| Suppliers | 440/4 | €25,170,963 | €18,163,633 | -€7.0m | -27.8% |
| Taxes, remuneration and social security | 45 | €1,847,254 | €25,430 | -€1.8m | -98.6% |
| Taxes | 450/3 | €1,791,182 | - | -€1.8m | |
| Remuneration and social security | 454/9 | €56,072 | €25,430 | -€30,642 | -54.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €999,888 | €922,010 | -€77,877 | -7.8% |
| Operating income | 70/76A | €1,418,836,892 | €1,524,232,200 | +€105.4m | +7.4% |
| Turnover | 70 | €1,418,599,989 | €1,523,620,603 | +€105.0m | +7.4% |
| Other operating income | 74 | €236,903 | €611,321 | +€374,418 | +158.0% |
| Non-recurring operating income | 76A | - | €277 | +€277 | |
| Operating charges | 60/66A | €1,394,833,664 | €1,517,558,998 | +€122.7m | +8.8% |
| Goods for resale, raw materials and consumables | 60 | €1,387,751,207 | €1,511,054,899 | +€123.3m | +8.9% |
| Purchases | 600/8 | €1,386,733,976 | €1,511,563,148 | +€124.8m | +9.0% |
| Change in stocks: decrease (increase) | 609 | €1,017,231 | -€508,249 | -€1.5m | |
| Services and other goods | 61 | €5,951,167 | €4,432,981 | -€1.5m | -25.5% |
| Remuneration, social security and pensions | 62 | €557,241 | €280,650 | -€276,591 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,623 | €90,612 | +€20,988 | +30.1% |
| Other operating charges | 640/8 | €504,426 | €1,699,552 | +€1.2m | +236.9% |
| Non-recurring operating charges | 66A | - | €305 | +€305 | |
| Operating profit (loss) | 9901 | €24,003,228 | €6,673,202 | -€17.3m | -72.2% |
| Financial income | 75/76B | €3,744 | €1,053,179 | +€1.0m | +28029.3% |
| Recurring financial income | 75 | €3,744 | €1,053,179 | +€1.0m | +28029.3% |
| Income from financial fixed assets | 750 | €732 | - | -€732 | |
| Income from current assets | 751 | - | €131,364 | +€131,364 | |
| Other financial income | 752/9 | €3,012 | €921,815 | +€918,803 | +30502.1% |
| Financial charges | 65/66B | €6,475,997 | €6,123,987 | -€352,010 | -5.4% |
| Recurring financial charges | 65 | €6,475,997 | €6,123,987 | -€352,010 | -5.4% |
| Debt charges | 650 | €5,683,760 | €5,899,718 | +€215,958 | +3.8% |
| Other financial charges | 652/9 | €792,237 | €224,269 | -€567,967 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €17,530,975 | €1,602,394 | -€15.9m | -90.9% |
| Income taxes | 67/77 | €4,518,495 | €408,998 | -€4.1m | -90.9% |
| Taxes | 670/3 | €4,518,495 | €408,998 | -€4.1m | -90.9% |
| Profit (loss) for the period | 9904 | €13,012,481 | €1,193,396 | -€11.8m | -90.8% |
| Transfer from tax-exempt reserves | 789 | - | €2,325,880 | +€2.3m | |
| Transfer to tax-exempt reserves | 689 | - | €578,875 | +€578,875 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,012,481 | €2,940,401 | -€10.1m | -77.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.