Five Stars Invest: 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 Stars Invest
Largest movements
- Cash -€238,670
down €238,670 (-77.1%), from €309,472 to €70,802
mainly Other debts (-€912,916) and Contributions, distributions and other (-€600,000)
- Receivables within one year -€204,821
down €204,821 (-16.0%), from €1.3m to €1.1m
of which Other amounts receivable: -€205,270
- Other debts -€912,916
down €912,916 (-60.3%), from €1.5m to €600,000
- Reserves +€474,090
up €474,090 (+7.6%), from €6.2m to €6.7m
- Financial income -€285,696
down €285,696 (-21.3%), from €1.3m to €1.1m
- Taxes -€12,954
down €12,954 (-100%), from €12,954 to €0
- Other operating charges +€11,187
up €11,187 (+314%), from €3,566 to €14,753
- Financial charges -€8,404
down €8,404 (-15.6%), from €53,717 to €45,313
- Gross operating margin +€4,636
up €4,636 (+3.6%), from €128,854 to €133,489
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 | €9,238,721 | €8,739,102 | -€499,619 | -5.4% |
| Fixed assets | 21/28 | €7,652,189 | €7,596,062 | -€56,128 | -0.7% |
| Tangible fixed assets | 22/27 | €2,263,826 | €2,207,699 | -€56,128 | -2.5% |
| Land and buildings | 22 | €2,250,029 | €2,198,635 | -€51,395 | -2.3% |
| Plant, machinery and equipment | 23 | €8,744 | €6,020 | -€2,724 | -31.1% |
| Furniture and vehicles | 24 | €5,053 | €3,044 | -€2,009 | -39.8% |
| Financial fixed assets | 28 | €5,388,363 | €5,388,363 | = | 0.0% |
| Current assets | 29/58 | €1,586,531 | €1,143,040 | -€443,491 | -28.0% |
| Amounts receivable within one year | 40/41 | €1,277,059 | €1,072,239 | -€204,821 | -16.0% |
| Trade receivables | 40 | €14,996 | €15,445 | +€449 | +3.0% |
| Other amounts receivable | 41 | €1,262,064 | €1,056,794 | -€205,270 | -16.3% |
| Cash at bank and in hand | 54/58 | €309,472 | €70,802 | -€238,670 | -77.1% |
| Total equity and liabilities | 10/49 | €9,238,721 | €8,739,102 | -€499,619 | -5.4% |
| Equity | 10/15 | €6,555,288 | €7,029,378 | +€474,090 | +7.2% |
| Contributions | 10/11 | €306,200 | €306,200 | = | 0.0% |
| Reserves | 13 | €6,249,088 | €6,723,178 | +€474,090 | +7.6% |
| Distributable reserves | 133 | €6,249,088 | €6,723,178 | +€474,090 | +7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,683,433 | €1,709,724 | -€973,709 | -36.3% |
| Amounts payable after more than one year | 17 | €1,092,710 | €1,028,109 | -€64,601 | -5.9% |
| Financial debts | 170/4 | €1,092,710 | €1,028,109 | -€64,601 | -5.9% |
| Amounts payable within one year | 42/48 | €1,590,722 | €681,615 | -€909,108 | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €62,184 | €64,601 | +€2,418 | +3.9% |
| Financial debts | 43 | €1,389 | €0 | -€1,389 | -100% |
| Credit institutions | 430/8 | €1,389 | €0 | -€1,389 | -100% |
| Trade debts | 44 | €7,929 | €10,536 | +€2,607 | +32.9% |
| Suppliers | 440/4 | €7,929 | €10,536 | +€2,607 | +32.9% |
| Taxes, remuneration and social security | 45 | €6,305 | €6,478 | +€173 | +2.7% |
| Taxes | 450/3 | €6,305 | €6,478 | +€173 | +2.7% |
| Other amounts payable | 47/48 | €1,512,916 | €600,000 | -€912,916 | -60.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,378 | €56,128 | +€3,750 | +7.2% |
| Other operating charges | 640/8 | €3,566 | €14,753 | +€11,187 | +314% |
| Non-recurring operating charges | 66A | €4,835 | €0 | -€4,835 | -100% |
| Gross operating margin | 9900 | €128,854 | €133,489 | +€4,636 | +3.6% |
| Operating profit (loss) | 9901 | €68,075 | €62,609 | -€5,465 | -8.0% |
| Financial income | 75/76B | €1,342,490 | €1,056,794 | -€285,696 | -21.3% |
| Recurring financial income | 75 | €1,342,490 | €1,056,794 | -€285,696 | -21.3% |
| Financial charges | 65/66B | €53,717 | €45,313 | -€8,404 | -15.6% |
| Recurring financial charges | 65 | €53,717 | €45,313 | -€8,404 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €1,356,848 | €1,074,090 | -€282,757 | -20.8% |
| Income taxes | 67/77 | €12,954 | €0 | -€12,954 | -100% |
| Profit (loss) for the period | 9904 | €1,343,894 | €1,074,090 | -€269,803 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,343,894 | €1,074,090 | -€269,803 | -20.1% |
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 27 October 2026 via checked.be.