FOUR STAR CAPITAL: 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.
FOUR STAR CAPITAL
Largest movements
- Cash -€39,160
down €39,160 (-23.6%), from €165,640 to €126,479
mainly Contributions, distributions and other (-€326,471) and Tax, wage and social debts (-€13,561)
- Receivables within one year -€20,053
down €20,053 (-15.6%), from €128,566 to €108,513
of which Other amounts receivable: -€15,222
- Tangible fixed assets -€18,055
down €18,055 (-75.3%), from €23,984 to €5,929
- Deferred charges and accrued income -€3,231
down €3,231 (-72.1%), from €4,479 to €1,248
- Profit (loss) carried forward -€233,451
down €233,451 (-96.4%), from €242,186 to €8,734
- Other debts +€146,736
up €146,736 (+4,496%), from €3,264 to €150,000
- Trade debts +€19,778
up €19,778 (+213%), from €9,288 to €29,066
- Tax, wage and social debts -€13,561
down €13,561 (-23.4%), from €57,930 to €44,369
- Gross operating margin -€21,463
down €21,463 (-12.8%), from €167,661 to €146,198
- Depreciation -€8,342
down €8,342 (-25.1%), from €33,182 to €24,841
- Other operating charges -€4,401
down €4,401 (-100%), from €4,401 to €0
- Financial charges +€3,443
up €3,443 (+2,145%), from €161 to €3,603
- Taxes -€2,821
down €2,821 (-9.7%), from €29,078 to €26,257
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 | €322,668 | €242,170 | -€80,499 | -24.9% |
| Fixed assets | 21/28 | €23,984 | €5,929 | -€18,055 | -75.3% |
| Tangible fixed assets | 22/27 | €23,984 | €5,929 | -€18,055 | -75.3% |
| Furniture and vehicles | 24 | €23,984 | €5,929 | -€18,055 | -75.3% |
| Current assets | 29/58 | €298,685 | €236,241 | -€62,444 | -20.9% |
| Amounts receivable within one year | 40/41 | €128,566 | €108,513 | -€20,053 | -15.6% |
| Trade receivables | 40 | €107,566 | €102,735 | -€4,831 | -4.5% |
| Other amounts receivable | 41 | €21,000 | €5,778 | -€15,222 | -72.5% |
| Cash at bank and in hand | 54/58 | €165,640 | €126,479 | -€39,160 | -23.6% |
| Deferred charges and accrued income | 490/1 | €4,479 | €1,248 | -€3,231 | -72.1% |
| Total equity and liabilities | 10/49 | €322,668 | €242,170 | -€80,499 | -24.9% |
| Equity | 10/15 | €252,186 | €18,734 | -€233,451 | -92.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,186 | €8,734 | -€233,451 | -96.4% |
| Amounts payable | 17/49 | €70,483 | €223,435 | +€152,953 | +217% |
| Amounts payable within one year | 42/48 | €70,483 | €223,435 | +€152,953 | +217% |
| Trade debts | 44 | €9,288 | €29,066 | +€19,778 | +213% |
| Suppliers | 440/4 | €9,288 | €29,066 | +€19,778 | +213% |
| Taxes, remuneration and social security | 45 | €57,930 | €44,369 | -€13,561 | -23.4% |
| Taxes | 450/3 | €57,930 | €44,369 | -€13,561 | -23.4% |
| Other amounts payable | 47/48 | €3,264 | €150,000 | +€146,736 | +4,496% |
| Non-recurring operating income | 76A | - | €474 | +€474 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,182 | €24,841 | -€8,342 | -25.1% |
| Other operating charges | 640/8 | €4,401 | €0 | -€4,401 | -100% |
| Gross operating margin | 9900 | €167,661 | €146,198 | -€21,463 | -12.8% |
| Operating profit (loss) | 9901 | €130,077 | €121,357 | -€8,719 | -6.7% |
| Financial income | 75/76B | - | €1,523 | +€1,523 | |
| Recurring financial income | 75 | - | €1,523 | +€1,523 | |
| Financial charges | 65/66B | €161 | €3,603 | +€3,443 | +2,145% |
| Recurring financial charges | 65 | €161 | €3,603 | +€3,443 | +2,145% |
| Profit (loss) for the period before taxes | 9903 | €129,916 | €119,276 | -€10,640 | -8.2% |
| Income taxes | 67/77 | €29,078 | €26,257 | -€2,821 | -9.7% |
| Profit (loss) for the period | 9904 | €100,838 | €93,019 | -€7,819 | -7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €100,838 | €93,019 | -€7,819 | -7.8% |
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 1 November 2026 via checked.be.