LONE-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.
LONE-STAR
Largest movements
- Cash +€13,499
up €13,499 (+13.5%), from €100,047 to €113,546
mainly Net result for the year (+€24,632) and Depreciation (+€23,455)
- Tangible fixed assets -€13,231
down €13,231 (-20.8%), from €63,676 to €50,445
of which Land and buildings: -€20,414
- Deferred charges and accrued income +€2,896
up €2,896 (+72.2%), from €4,012 to €6,908
- Profit (loss) carried forward -€28,009
no longer reported in 2025 (was €28,009)
- Reserves +€21,930
up €21,930 (+23.0%), from €95,402 to €117,331
- Other debts +€19,083
up €19,083 (+164%), from €11,629 to €30,712
- Debts after one year -€16,999
down €16,999 (-48.9%), from €34,778 to €17,779
- Trade debts +€7,806
up €7,806 (+2,446%), from €319 to €8,125
- Gross operating margin +€6,111
up €6,111 (+4.7%), from €130,106 to €136,217
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 | €225,887 | €227,772 | +€1,884 | +0.8% |
| Fixed assets | 21/28 | €63,676 | €50,445 | -€13,231 | -20.8% |
| Tangible fixed assets | 22/27 | €63,676 | €50,445 | -€13,231 | -20.8% |
| Land and buildings | 22 | €57,128 | €36,714 | -€20,414 | -35.7% |
| Plant, machinery and equipment | 23 | €6,374 | €13,731 | +€7,357 | +115% |
| Furniture and vehicles | 24 | €174 | - | -€174 | |
| Current assets | 29/58 | €162,211 | €177,327 | +€15,116 | +9.3% |
| Amounts receivable within one year | 40/41 | €58,153 | €56,873 | -€1,280 | -2.2% |
| Trade receivables | 40 | €46,518 | €49,577 | +€3,058 | +6.6% |
| Other amounts receivable | 41 | €11,634 | €7,296 | -€4,338 | -37.3% |
| Cash at bank and in hand | 54/58 | €100,047 | €113,546 | +€13,499 | +13.5% |
| Deferred charges and accrued income | 490/1 | €4,012 | €6,908 | +€2,896 | +72.2% |
| Total equity and liabilities | 10/49 | €225,887 | €227,772 | +€1,884 | +0.8% |
| Equity | 10/15 | €142,011 | €135,931 | -€6,079 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,402 | €117,331 | +€21,930 | +23.0% |
| Distributable reserves | 133 | €95,402 | €117,331 | +€21,930 | +23.0% |
| Profit (loss) carried forward | 14 | €28,009 | - | -€28,009 | |
| Amounts payable | 17/49 | €83,877 | €91,840 | +€7,964 | +9.5% |
| Amounts payable after more than one year | 17 | €34,778 | €17,779 | -€16,999 | -48.9% |
| Financial debts | 170/4 | €34,778 | €17,779 | -€16,999 | -48.9% |
| Amounts payable within one year | 42/48 | €49,099 | €74,061 | +€24,962 | +50.8% |
| Current portion of amounts payable after more than one year | 42 | €16,253 | €16,999 | +€746 | +4.6% |
| Trade debts | 44 | €319 | €8,125 | +€7,806 | +2,446% |
| Suppliers | 440/4 | €319 | €8,125 | +€7,806 | +2,446% |
| Taxes, remuneration and social security | 45 | €20,898 | €18,226 | -€2,672 | -12.8% |
| Taxes | 450/3 | €10,597 | €9,119 | -€1,477 | -13.9% |
| Remuneration and social security | 454/9 | €10,301 | €9,107 | -€1,194 | -11.6% |
| Other amounts payable | 47/48 | €11,629 | €30,712 | +€19,083 | +164% |
| Remuneration, social security and pensions | 62 | €68,574 | €69,656 | +€1,082 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,444 | €23,455 | +€1,010 | +4.5% |
| Other operating charges | 640/8 | €3,330 | €3,677 | +€347 | +10.4% |
| Gross operating margin | 9900 | €130,106 | €136,217 | +€6,111 | +4.7% |
| Operating profit (loss) | 9901 | €35,758 | €39,430 | +€3,672 | +10.3% |
| Financial income | 75/76B | €921 | €469 | -€452 | -49.1% |
| Recurring financial income | 75 | €921 | €469 | -€452 | -49.1% |
| Financial charges | 65/66B | €4,745 | €4,200 | -€544 | -11.5% |
| Recurring financial charges | 65 | €4,745 | €4,200 | -€544 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €31,934 | €35,698 | +€3,764 | +11.8% |
| Income taxes | 67/77 | €10,103 | €11,066 | +€963 | +9.5% |
| Profit (loss) for the period | 9904 | €21,832 | €24,632 | +€2,801 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,832 | €24,632 | +€2,801 | +12.8% |
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 17 October 2026 via checked.be.