NEW STAR 168: 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.
NEW STAR 168
Largest movements
- Tangible fixed assets -€9,906
down €9,906 (-8.8%), from €112,640 to €102,734
of which Land and buildings: -€111,925
- Tax, wage and social debts -€3,723
down €3,723 (-54.4%), from €6,840 to €3,117
- Other debts -€3,407
down €3,407 (-2.5%), from €135,871 to €132,464
- Current portion of long-term debt -€2,403
no longer reported in 2025 (was €2,403)
- Profit (loss) carried forward -€1,748
down €1,748 (-23.1%), from -€7,580 to -€9,328
- Gross operating margin -€21,366
down €21,366 (-66.0%), from €32,358 to €10,991
- Depreciation +€1,192
up €1,192 (+12.5%), from €9,548 to €10,740
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 | €163,307 | €153,470 | -€9,837 | -6.0% |
| Fixed assets | 21/28 | €112,931 | €103,025 | -€9,906 | -8.8% |
| Tangible fixed assets | 22/27 | €112,640 | €102,734 | -€9,906 | -8.8% |
| Land and buildings | 22 | €111,925 | - | -€111,925 | |
| Furniture and vehicles | 24 | €716 | €102,734 | +€102,019 | +14,256% |
| Financial fixed assets | 28 | €291 | €291 | = | 0.0% |
| Current assets | 29/58 | €50,376 | €50,445 | +€69 | +0.1% |
| Amounts receivable within one year | 40/41 | - | €1,147 | +€1,147 | |
| Trade receivables | 40 | - | €1,147 | +€1,147 | |
| Cash at bank and in hand | 54/58 | €49,810 | €48,729 | -€1,081 | -2.2% |
| Deferred charges and accrued income | 490/1 | €566 | €569 | +€3 | +0.5% |
| Total equity and liabilities | 10/49 | €163,307 | €153,470 | -€9,837 | -6.0% |
| Equity | 10/15 | €11,020 | €9,272 | -€1,748 | -15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,580 | -€9,328 | -€1,748 | -23.1% |
| Amounts payable | 17/49 | €152,287 | €144,198 | -€8,089 | -5.3% |
| Amounts payable within one year | 42/48 | €152,287 | €144,198 | -€8,089 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €2,403 | - | -€2,403 | |
| Trade debts | 44 | €7,173 | €8,617 | +€1,443 | +20.1% |
| Suppliers | 440/4 | €7,173 | €8,617 | +€1,443 | +20.1% |
| Taxes, remuneration and social security | 45 | €6,840 | €3,117 | -€3,723 | -54.4% |
| Taxes | 450/3 | €6,840 | €3,117 | -€3,723 | -54.4% |
| Other amounts payable | 47/48 | €135,871 | €132,464 | -€3,407 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,548 | €10,740 | +€1,192 | +12.5% |
| Other operating charges | 640/8 | €675 | €697 | +€22 | +3.2% |
| Gross operating margin | 9900 | €32,358 | €10,991 | -€21,366 | -66.0% |
| Operating profit (loss) | 9901 | €22,134 | -€445 | -€22,579 | |
| Financial charges | 65/66B | €1,112 | €1,302 | +€190 | +17.1% |
| Recurring financial charges | 65 | €1,112 | €1,302 | +€190 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €21,021 | -€1,748 | -€22,769 | |
| Profit (loss) for the period | 9904 | €21,021 | -€1,748 | -€22,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,021 | -€1,748 | -€22,769 |
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 30 October 2026 via checked.be.