CITY STAR: 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.
CITY STAR
Largest movements
- Tangible fixed assets -€12,700
down €12,700 (-28.3%), from €44,915 to €32,215
of which Leasing and similar rights: -€12,100
- Receivables within one year +€2,535
up €2,535 (+29.0%), from €8,750 to €11,286
of which Trade receivables: +€3,684
- Cash -€1,199
down €1,199 (-4.6%), from €26,264 to €25,066
mainly Debts after one year (-€12,284) and Receivables within one year (-€2,535)
- Debts after one year -€12,284
down €12,284 (-37.5%), from €32,774 to €20,490
- Other debts -€2,200
no longer reported in 2025 (was €2,200)
- Trade debts +€1,372
up €1,372 (+2,481%), from €55 to €1,427
- Tax, wage and social debts +€1,038
up €1,038 (+28.7%), from €3,614 to €4,652
- Gross operating margin -€2,596
down €2,596 (-10.7%), from €24,278 to €21,682
- Taxes -€953
down €953 (-14.7%), from €6,506 to €5,552
- Financial charges -€769
down €769 (-27.9%), from €2,751 to €1,983
- Other operating charges -€386
down €386 (-32.6%), from €1,182 to €796
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 | €81,560 | €70,621 | -€10,939 | -13.4% |
| Fixed assets | 21/28 | €44,915 | €32,215 | -€12,700 | -28.3% |
| Tangible fixed assets | 22/27 | €44,915 | €32,215 | -€12,700 | -28.3% |
| Furniture and vehicles | 24 | €924 | €324 | -€600 | -64.9% |
| Leasing and similar rights | 25 | €43,991 | €31,891 | -€12,100 | -27.5% |
| Current assets | 29/58 | €36,645 | €38,406 | +€1,761 | +4.8% |
| Amounts receivable within one year | 40/41 | €8,750 | €11,286 | +€2,535 | +29.0% |
| Trade receivables | 40 | €7,601 | €11,286 | +€3,684 | +48.5% |
| Other amounts receivable | 41 | €1,149 | - | -€1,149 | |
| Cash at bank and in hand | 54/58 | €26,264 | €25,066 | -€1,199 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,630 | €2,055 | +€424 | +26.0% |
| Total equity and liabilities | 10/49 | €81,560 | €70,621 | -€10,939 | -13.4% |
| Equity | 10/15 | €30,284 | €30,935 | +€651 | +2.1% |
| Contributions | 10/11 | €16,400 | €16,400 | = | 0.0% |
| Reserves | 13 | €6,481 | €7,132 | +€651 | +10.0% |
| Distributable reserves | 133 | €6,481 | €7,132 | +€651 | +10.0% |
| Profit (loss) carried forward | 14 | €7,403 | €7,403 | = | 0.0% |
| Amounts payable | 17/49 | €51,275 | €39,686 | -€11,590 | -22.6% |
| Amounts payable after more than one year | 17 | €32,774 | €20,490 | -€12,284 | -37.5% |
| Financial debts | 170/4 | €32,774 | €20,490 | -€12,284 | -37.5% |
| Amounts payable within one year | 42/48 | €18,501 | €19,196 | +€694 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €12,632 | €13,117 | +€485 | +3.8% |
| Trade debts | 44 | €55 | €1,427 | +€1,372 | +2,481% |
| Suppliers | 440/4 | €55 | €1,427 | +€1,372 | +2,481% |
| Taxes, remuneration and social security | 45 | €3,614 | €4,652 | +€1,038 | +28.7% |
| Taxes | 450/3 | €3,614 | €4,652 | +€1,038 | +28.7% |
| Other amounts payable | 47/48 | €2,200 | - | -€2,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,700 | €12,700 | = | 0.0% |
| Other operating charges | 640/8 | €1,182 | €796 | -€386 | -32.6% |
| Gross operating margin | 9900 | €24,278 | €21,682 | -€2,596 | -10.7% |
| Operating profit (loss) | 9901 | €10,396 | €8,186 | -€2,210 | -21.3% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €2,751 | €1,983 | -€769 | -27.9% |
| Recurring financial charges | 65 | €2,751 | €1,983 | -€769 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €7,681 | €6,203 | -€1,478 | -19.2% |
| Income taxes | 67/77 | €6,506 | €5,552 | -€953 | -14.7% |
| Profit (loss) for the period | 9904 | €1,175 | €651 | -€524 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,175 | €651 | -€524 | -44.6% |
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 25 October 2026 via checked.be.