FIVE STAR GLOBAL 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.
FIVE STAR GLOBAL LOGISTICS
Largest movements
- Cash -€71,283
down €71,283 (-75.9%), from €93,906 to €22,624
mainly Net result for the year (-€119,714) and Trade debts (-€25,622)
- Tangible fixed assets -€23,976
down €23,976 (-80.5%), from €29,801 to €5,825
of which Furniture and vehicles: -€16,837
- Receivables within one year +€5,629
up €5,629 (+5.2%), from €108,173 to €113,803
of which Trade receivables: +€5,836
- Stocks and contracts -€2,717
down €2,717 (-30.2%), from €9,000 to €6,283
- Reserves -€80,060
down €80,060 (-100%), from €80,060 to €0
- Debts after one year +€52,524
up €52,524 (+102%), from €51,688 to €104,212
- Profit (loss) carried forward -€39,654
new in 2025: -€39,654
- Trade debts -€25,622
down €25,622 (-40.4%), from €63,435 to €37,813
- Staff costs -€66,448
down €66,448 (-20.6%), from €322,346 to €255,898
- Gross operating margin -€11,755
down €11,755 (-6.6%), from €177,440 to €165,685
- Financial charges +€5,938
up €5,938 (+140%), from €4,251 to €10,189
- Depreciation -€5,867
down €5,867 (-41.8%), from €14,031 to €8,164
- Financial income -€3,522
down €3,522 (-94.7%), from €3,718 to €196
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 | €242,664 | €150,655 | -€92,009 | -37.9% |
| Fixed assets | 21/28 | €29,801 | €5,825 | -€23,976 | -80.5% |
| Tangible fixed assets | 22/27 | €29,801 | €5,825 | -€23,976 | -80.5% |
| Plant, machinery and equipment | 23 | €12,623 | €5,484 | -€7,139 | -56.6% |
| Furniture and vehicles | 24 | €17,178 | €341 | -€16,837 | -98.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €212,863 | €144,830 | -€68,033 | -32.0% |
| Stocks and contracts in progress | 3 | €9,000 | €6,283 | -€2,717 | -30.2% |
| Contracts in progress | 37 | €9,000 | €6,283 | -€2,717 | -30.2% |
| Amounts receivable within one year | 40/41 | €108,173 | €113,803 | +€5,629 | +5.2% |
| Trade receivables | 40 | €106,668 | €112,504 | +€5,836 | +5.5% |
| Other amounts receivable | 41 | €1,506 | €1,299 | -€207 | -13.7% |
| Cash at bank and in hand | 54/58 | €93,906 | €22,624 | -€71,283 | -75.9% |
| Deferred charges and accrued income | 490/1 | €1,783 | €2,121 | +€338 | +18.9% |
| Total equity and liabilities | 10/49 | €242,664 | €150,655 | -€92,009 | -37.9% |
| Equity | 10/15 | €98,660 | -€21,054 | -€119,714 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,060 | €0 | -€80,060 | -100% |
| Distributable reserves | 133 | €80,060 | €0 | -€80,060 | -100% |
| Profit (loss) carried forward | 14 | - | -€39,654 | -€39,654 | |
| Amounts payable | 17/49 | €144,004 | €171,708 | +€27,704 | +19.2% |
| Amounts payable after more than one year | 17 | €51,688 | €104,212 | +€52,524 | +102% |
| Financial debts | 170/4 | €51,688 | €104,212 | +€52,524 | +102% |
| Amounts payable within one year | 42/48 | €92,317 | €67,497 | -€24,820 | -26.9% |
| Trade debts | 44 | €63,435 | €37,813 | -€25,622 | -40.4% |
| Suppliers | 440/4 | €63,435 | €37,813 | -€25,622 | -40.4% |
| Taxes, remuneration and social security | 45 | €28,882 | €29,684 | +€802 | +2.8% |
| Taxes | 450/3 | €340 | €52 | -€288 | -84.6% |
| Remuneration and social security | 454/9 | €28,542 | €29,631 | +€1,090 | +3.8% |
| Remuneration, social security and pensions | 62 | €322,346 | €255,898 | -€66,448 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,031 | €8,164 | -€5,867 | -41.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,211 | €11,068 | -€1,143 | -9.4% |
| Gross operating margin | 9900 | €177,440 | €165,685 | -€11,755 | -6.6% |
| Operating profit (loss) | 9901 | -€171,148 | -€109,444 | +€61,703 | +36.1% |
| Financial income | 75/76B | €3,718 | €196 | -€3,522 | -94.7% |
| Recurring financial income | 75 | €3,718 | €196 | -€3,522 | -94.7% |
| Financial charges | 65/66B | €4,251 | €10,189 | +€5,938 | +140% |
| Recurring financial charges | 65 | €4,251 | €10,189 | +€5,938 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€171,681 | -€119,438 | +€52,243 | +30.4% |
| Income taxes | 67/77 | €340 | €275 | -€65 | -19.0% |
| Profit (loss) for the period | 9904 | -€172,021 | -€119,714 | +€52,308 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€172,021 | -€119,714 | +€52,308 | +30.4% |
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 16 October 2026 via checked.be.