Stélène: what changed
Stélène
Largest movements
- Tangible fixed assets -€29,339
down €29,339 (-96.2%), from €30,484 to €1,145
of which Other tangible fixed assets: -€28,566
- Profit (loss) carried forward -€22,909
down €22,909 (-26.7%), from -€85,707 to -€108,617
- Other debts -€6,232
down €6,232 (-11.4%), from €54,491 to €48,259
- Financial charges +€28,070
up €28,070 (+4,146%), from €677 to €28,747
of which Non-recurring financial charges: +€28,566
- Depreciation -€6,028
down €6,028 (-88.6%), from €6,801 to €773
- Gross operating margin +€600
up €600 (+9.4%), from €6,410 to €7,010
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,879 | €8,575 | -€29,304 | -77.4% |
| Fixed assets | 21/28 | €30,514 | €1,175 | -€29,339 | -96.1% |
| Tangible fixed assets | 22/27 | €30,484 | €1,145 | -€29,339 | -96.2% |
| Furniture and vehicles | 24 | €1,918 | €1,145 | -€773 | -40.3% |
| Other tangible fixed assets | 26 | €28,566 | - | -€28,566 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €7,365 | €7,400 | +€36 | +0.5% |
| Stocks and contracts in progress | 3 | €5,998 | €5,857 | -€141 | -2.4% |
| Stocks | 30/36 | €5,998 | €5,857 | -€141 | -2.4% |
| Cash at bank and in hand | 54/58 | €1,366 | €1,543 | +€177 | +12.9% |
| Total equity and liabilities | 10/49 | €37,879 | €8,575 | -€29,304 | -77.4% |
| Equity | 10/15 | -€67,107 | -€90,017 | -€22,909 | -34.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,707 | -€108,617 | -€22,909 | -26.7% |
| Amounts payable | 17/49 | €104,986 | €98,592 | -€6,394 | -6.1% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,986 | €48,592 | -€6,394 | -11.6% |
| Trade debts | 44 | €263 | - | -€263 | |
| Suppliers | 440/4 | €263 | - | -€263 | |
| Taxes, remuneration and social security | 45 | €232 | €333 | +€100 | +43.2% |
| Taxes | 450/3 | €232 | €333 | +€100 | +43.2% |
| Other amounts payable | 47/48 | €54,491 | €48,259 | -€6,232 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,801 | €773 | -€6,028 | -88.6% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | €6,410 | €7,010 | +€600 | +9.4% |
| Operating profit (loss) | 9901 | -€829 | €5,837 | +€6,666 | |
| Financial charges | 65/66B | €677 | €28,747 | +€28,070 | +4,146% |
| Recurring financial charges | 65 | €677 | €180 | -€497 | -73.4% |
| Non-recurring financial charges | 66B | - | €28,566 | +€28,566 | |
| Profit (loss) for the period before taxes | 9903 | -€1,506 | -€22,909 | -€21,403 | -1,421% |
| Profit (loss) for the period | 9904 | -€1,506 | -€22,909 | -€21,403 | -1,421% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,506 | -€22,909 | -€21,403 | -1,421% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.