STELAR CONSULTING: 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.
STELAR CONSULTING
Largest movements
- Tangible fixed assets +€361,646
up €361,646 (+9,713%), from €3,723 to €365,370
of which Land and buildings: +€362,018
- Receivables within one year +€36,666
up €36,666 (+231%), from €15,881 to €52,548
- Cash +€19,070
up €19,070 (+13.6%), from €140,458 to €159,528
mainly Trade debts (+€367,000) and Other debts (+€113,506)
- Trade debts +€367,000
up €367,000 (+19,998%), from €1,835 to €368,835
- Other debts +€113,506
up €113,506 (+151,341%), from €75 to €113,581
- Reserves -€77,795
down €77,795 (-56.2%), from €138,367 to €60,572
- Tax, wage and social debts +€8,912
up €8,912 (+48.3%), from €18,467 to €27,379
of which Taxes: +€7,302
- Gross operating margin +€49,783
up €49,783 (+104%), from €47,692 to €97,475
- Depreciation +€13,768
up €13,768 (+1,054%), from €1,307 to €15,075
- Taxes +€7,315
up €7,315 (+78.9%), from €9,268 to €16,583
- Write-downs -€4,113
down €4,113, from €2,057 to -€2,057
- Financial charges +€3,525
up €3,525 (+82.3%), from €4,285 to €7,810
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 | €163,744 | €580,375 | +€416,631 | +254% |
| Fixed assets | 21/28 | €3,723 | €365,370 | +€361,646 | +9,713% |
| Tangible fixed assets | 22/27 | €3,723 | €365,370 | +€361,646 | +9,713% |
| Land and buildings | 22 | €3,352 | €365,370 | +€362,018 | +10,801% |
| Furniture and vehicles | 24 | €372 | - | -€372 | |
| Current assets | 29/58 | €160,021 | €215,006 | +€54,985 | +34.4% |
| Amounts receivable within one year | 40/41 | €15,881 | €52,548 | +€36,666 | +231% |
| Trade receivables | 40 | €15,881 | €52,548 | +€36,666 | +231% |
| Cash at bank and in hand | 54/58 | €140,458 | €159,528 | +€19,070 | +13.6% |
| Deferred charges and accrued income | 490/1 | €3,682 | €2,930 | -€752 | -20.4% |
| Total equity and liabilities | 10/49 | €163,744 | €580,375 | +€416,631 | +254% |
| Equity | 10/15 | €143,367 | €65,572 | -€77,795 | -54.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €138,367 | €60,572 | -€77,795 | -56.2% |
| Distributable reserves | 133 | €138,367 | €60,572 | -€77,795 | -56.2% |
| Amounts payable | 17/49 | €20,377 | €514,803 | +€494,426 | +2,426% |
| Amounts payable within one year | 42/48 | €20,377 | €509,795 | +€489,418 | +2,402% |
| Trade debts | 44 | €1,835 | €368,835 | +€367,000 | +19,998% |
| Suppliers | 440/4 | €1,835 | €368,835 | +€367,000 | +19,998% |
| Taxes, remuneration and social security | 45 | €18,467 | €27,379 | +€8,912 | +48.3% |
| Taxes | 450/3 | €18,467 | €25,769 | +€7,302 | +39.5% |
| Remuneration and social security | 454/9 | - | €1,610 | +€1,610 | |
| Other amounts payable | 47/48 | €75 | €113,581 | +€113,506 | +151,341% |
| Accrued charges and deferred income | 492/3 | - | €5,008 | +€5,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,307 | €15,075 | +€13,768 | +1,054% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,057 | -€2,057 | -€4,113 | |
| Other operating charges | 640/8 | €907 | €2,858 | +€1,952 | +215% |
| Gross operating margin | 9900 | €47,692 | €97,475 | +€49,783 | +104% |
| Operating profit (loss) | 9901 | €43,422 | €81,597 | +€38,176 | +87.9% |
| Financial income | 75/76B | €127 | €0 | -€127 | -100.0% |
| Recurring financial income | 75 | €127 | €0 | -€127 | -100.0% |
| Financial charges | 65/66B | €4,285 | €7,810 | +€3,525 | +82.3% |
| Recurring financial charges | 65 | €4,285 | €7,810 | +€3,525 | +82.3% |
| Profit (loss) for the period before taxes | 9903 | €39,264 | €73,788 | +€34,523 | +87.9% |
| Income taxes | 67/77 | €9,268 | €16,583 | +€7,315 | +78.9% |
| Profit (loss) for the period | 9904 | €29,996 | €57,205 | +€27,209 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,996 | €57,205 | +€27,209 | +90.7% |
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 27 October 2026 via checked.be.