Five Stars Properties: 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 Properties
Largest movements
- Tangible fixed assets +€4.6m
new in 2025: €4.6m
- Receivables within one year +€996,319
up €996,319 (+1,512%), from €65,905 to €1.1m
of which Other amounts receivable: +€1.0m
- Cash +€696,254
up €696,254 (+3,310%), from €21,032 to €717,286
mainly Other debts (+€3.1m) and Short-term financial debts (+€2.2m)
- Other debts +€3.1m
up €3.1m (+3,023%), from €102,408 to €3.2m
- Short-term financial debts +€2.2m
new in 2025: €2.2m
- Contributions +€1.3m
up €1.3m (+4,167%), from €30,000 to €1.3m
- Profit (loss) carried forward -€542,783
down €542,783 (-137%), from -€394,958 to -€937,741
- Accrued charges and deferred income +€288,699
up €288,699 (+197%), from €146,516 to €435,215
- Financial charges +€291,347
up €291,347 (+198%), from €146,845 to €438,192
- Gross operating margin +€229,046
up €229,046 (+93.3%), from -€245,393 to -€16,347
- Purchases and services -€140,267
down €140,267 (-55.7%), from €251,643 to €111,376
- Turnover +€86,895
up €86,895 (+1,390%), from €6,250 to €93,145
- Depreciation +€85,272
up €85,272 (+3,656%), from €2,332 to €87,604
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 | €5,955,177 | €12,274,587 | +€6.3m | +106% |
| Formation expenses | 20 | €3,098 | - | -€3,098 | |
| Fixed assets | 21/28 | €5,865,102 | €10,493,178 | +€4.6m | +78.9% |
| Tangible fixed assets | 22/27 | - | €4,628,076 | +€4.6m | |
| Land and buildings | 22 | - | €4,628,076 | +€4.6m | |
| Financial fixed assets | 28 | €5,865,102 | €5,865,102 | = | 0.0% |
| Current assets | 29/58 | €86,976 | €1,781,409 | +€1.7m | +1,948% |
| Amounts receivable within one year | 40/41 | €65,905 | €1,062,223 | +€996,319 | +1,512% |
| Trade receivables | 40 | €41,223 | €54 | -€41,169 | -99.9% |
| Other amounts receivable | 41 | €24,682 | €1,062,169 | +€1.0m | +4,203% |
| Cash at bank and in hand | 54/58 | €21,032 | €717,286 | +€696,254 | +3,310% |
| Deferred charges and accrued income | 490/1 | €39 | €1,899 | +€1,860 | +4,712% |
| Total equity and liabilities | 10/49 | €5,955,177 | €12,274,587 | +€6.3m | +106% |
| Equity | 10/15 | -€364,958 | €342,259 | +€707,217 | |
| Contributions | 10/11 | €30,000 | €1,280,000 | +€1.3m | +4,167% |
| Profit (loss) carried forward | 14 | -€394,958 | -€937,741 | -€542,783 | -137% |
| Amounts payable | 17/49 | €6,320,134 | €11,932,328 | +€5.6m | +88.8% |
| Amounts payable after more than one year | 17 | €6,067,000 | €6,067,000 | = | 0.0% |
| Financial debts | 170/4 | €6,067,000 | €6,067,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €106,618 | €5,430,112 | +€5.3m | +4,993% |
| Financial debts | 43 | - | €2,230,000 | +€2.2m | |
| Credit institutions | 430/8 | - | €2,230,000 | +€2.2m | |
| Trade debts | 44 | €4,210 | €1,595 | -€2,615 | -62.1% |
| Suppliers | 440/4 | €4,210 | €1,595 | -€2,615 | -62.1% |
| Other amounts payable | 47/48 | €102,408 | €3,198,518 | +€3.1m | +3,023% |
| Accrued charges and deferred income | 492/3 | €146,516 | €435,215 | +€288,699 | +197% |
| Turnover | 70 | €6,250 | €93,145 | +€86,895 | +1,390% |
| Goods, raw materials, services and sundry goods | 60/61 | €251,643 | €111,376 | -€140,267 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,332 | €87,604 | +€85,272 | +3,656% |
| Other operating charges | 640/8 | €387 | €2,083 | +€1,695 | +438% |
| Gross operating margin | 9900 | -€245,393 | -€16,347 | +€229,046 | +93.3% |
| Operating profit (loss) | 9901 | -€248,112 | -€106,034 | +€142,078 | +57.3% |
| Financial income | 75/76B | - | €1,443 | +€1,443 | |
| Recurring financial income | 75 | - | €1,443 | +€1,443 | |
| Financial charges | 65/66B | €146,845 | €438,192 | +€291,347 | +198% |
| Recurring financial charges | 65 | €146,845 | €438,192 | +€291,347 | +198% |
| Profit (loss) for the period before taxes | 9903 | -€394,958 | -€542,783 | -€147,826 | -37.4% |
| Profit (loss) for the period | 9904 | -€394,958 | -€542,783 | -€147,826 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€394,958 | -€542,783 | -€147,826 | -37.4% |
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 23 October 2026 via checked.be.