LE STELLE: 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.
LE STELLE
Largest movements
- Stocks and contracts +€1,079
up €1,079 (+16.5%), from €6,520 to €7,598
- Deferred charges and accrued income +€730
up €730 (+275%), from €266 to €996
- Receivables within one year -€213
down €213 (-42.1%), from €506 to €293
- Profit (loss) carried forward -€7,180
down €7,180 (-17.8%), from -€40,392 to -€47,572
- Tax, wage and social debts +€4,497
up €4,497 (+16.7%), from €26,883 to €31,379
of which Remuneration and social security: +€3,914
- Short-term financial debts +€3,362
up €3,362 (+67.4%), from €4,987 to €8,348
- Trade debts +€435
up €435 (+58.9%), from €738 to €1,172
- Other debts +€319
up €319 (+8.4%), from €3,805 to €4,124
- Gross operating margin -€8,489
down €8,489, from €5,733 to -€2,756
- Other operating charges -€468
down €468 (-20.6%), from €2,278 to €1,810
- Taxes -€418
down €418, from €349 to -€69
- Financial charges +€116
up €116 (+4.8%), from €2,405 to €2,521
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 | €16,480 | €17,912 | +€1,433 | +8.7% |
| Fixed assets | 21/28 | €6,865 | €6,701 | -€165 | -2.4% |
| Tangible fixed assets | 22/27 | €247 | €82 | -€165 | -66.7% |
| Other tangible fixed assets | 26 | €247 | €82 | -€165 | -66.7% |
| Financial fixed assets | 28 | €6,619 | €6,619 | = | 0.0% |
| Current assets | 29/58 | €9,615 | €11,212 | +€1,597 | +16.6% |
| Stocks and contracts in progress | 3 | €6,520 | €7,598 | +€1,079 | +16.5% |
| Stocks | 30/36 | €6,520 | €7,598 | +€1,079 | +16.5% |
| Amounts receivable within one year | 40/41 | €506 | €293 | -€213 | -42.1% |
| Trade receivables | 40 | €506 | €293 | -€213 | -42.1% |
| Cash at bank and in hand | 54/58 | €2,324 | €2,325 | +€1 | +0.1% |
| Deferred charges and accrued income | 490/1 | €266 | €996 | +€730 | +275% |
| Total equity and liabilities | 10/49 | €16,480 | €17,912 | +€1,433 | +8.7% |
| Equity | 10/15 | -€19,932 | -€27,112 | -€7,180 | -36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,392 | -€47,572 | -€7,180 | -17.8% |
| Amounts payable | 17/49 | €36,412 | €45,024 | +€8,612 | +23.7% |
| Amounts payable within one year | 42/48 | €36,412 | €45,024 | +€8,612 | +23.7% |
| Financial debts | 43 | €4,987 | €8,348 | +€3,362 | +67.4% |
| Credit institutions | 430/8 | €4,987 | €8,348 | +€3,362 | +67.4% |
| Trade debts | 44 | €738 | €1,172 | +€435 | +58.9% |
| Suppliers | 440/4 | €738 | €1,172 | +€435 | +58.9% |
| Taxes, remuneration and social security | 45 | €26,883 | €31,379 | +€4,497 | +16.7% |
| Taxes | 450/3 | €8,949 | €9,532 | +€583 | +6.5% |
| Remuneration and social security | 454/9 | €17,934 | €21,847 | +€3,914 | +21.8% |
| Other amounts payable | 47/48 | €3,805 | €4,124 | +€319 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €165 | = | 0.0% |
| Other operating charges | 640/8 | €2,278 | €1,810 | -€468 | -20.6% |
| Gross operating margin | 9900 | €5,733 | -€2,756 | -€8,489 | |
| Operating profit (loss) | 9901 | €3,291 | -€4,730 | -€8,021 | |
| Financial income | 75/76B | €34 | €2 | -€32 | -94.1% |
| Recurring financial income | 75 | €34 | €2 | -€32 | -94.1% |
| Financial charges | 65/66B | €2,405 | €2,521 | +€116 | +4.8% |
| Recurring financial charges | 65 | €2,405 | €2,521 | +€116 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €920 | -€7,249 | -€8,169 | |
| Income taxes | 67/77 | €349 | -€69 | -€418 | |
| Profit (loss) for the period | 9904 | €571 | -€7,180 | -€7,751 | |
| Profit (loss) for the period to be appropriated | 9905 | €571 | -€7,180 | -€7,751 |
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 19 October 2026 via checked.be.