STELIENCO: 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.
STELIENCO
Largest movements
- Current investments +€954,491
up €954,491 (+57.9%), from €1.6m to €2.6m
- Receivables within one year -€820,627
down €820,627 (-100.0%), from €820,695 to €67
- Cash +€151,258
up €151,258 (+808%), from €18,719 to €169,977
mainly Receivables within one year (+€820,627) and Net result for the year (+€277,103)
- Reserves +€277,103
up €277,103 (+12.7%), from €2.2m to €2.5m
of which Distributable reserves: +€277,103
- Financial income -€1.2m
down €1.2m (-81.7%), from €1.5m to €275,846
- Taxes -€107,174
down €107,174 (-67.8%), from €158,110 to €50,936
- Other operating charges +€1,648
up €1,648 (+119%), from €1,380 to €3,028
- Financial charges +€1,527
up €1,527 (+231%), from €660 to €2,187
- Gross operating margin -€932
down €932 (-1.6%), from €58,340 to €57,408
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 | €4,142,420 | €4,448,123 | +€305,702 | +7.4% |
| Fixed assets | 21/28 | €1,652,295 | €1,652,295 | = | 0.0% |
| Financial fixed assets | 28 | €1,652,295 | €1,652,295 | = | 0.0% |
| Current assets | 29/58 | €2,490,125 | €2,795,828 | +€305,702 | +12.3% |
| Amounts receivable after more than one year | 29 | - | €22,533 | +€22,533 | |
| Other amounts receivable | 291 | - | €22,533 | +€22,533 | |
| Amounts receivable within one year | 40/41 | €820,695 | €67 | -€820,627 | -100.0% |
| Other amounts receivable | 41 | €820,695 | €67 | -€820,627 | -100.0% |
| Current investments | 50/53 | €1,648,759 | €2,603,250 | +€954,491 | +57.9% |
| Cash at bank and in hand | 54/58 | €18,719 | €169,977 | +€151,258 | +808% |
| Deferred charges and accrued income | 490/1 | €1,953 | €0 | -€1,953 | -100% |
| Total equity and liabilities | 10/49 | €4,142,420 | €4,448,123 | +€305,702 | +7.4% |
| Equity | 10/15 | €4,004,363 | €4,281,466 | +€277,103 | +6.9% |
| Contributions | 10/11 | €1,820,219 | €1,820,219 | = | 0.0% |
| Capital | 10 | €1,820,000 | €1,820,000 | = | 0.0% |
| Issued capital | 100 | €1,820,000 | €1,820,000 | = | 0.0% |
| Contributions outside capital | 11 | €219 | €219 | = | 0.0% |
| Share premium | 1100/10 | €219 | €219 | = | 0.0% |
| Reserves | 13 | €2,184,144 | €2,461,247 | +€277,103 | +12.7% |
| Non-distributable reserves | 130/1 | €182,000 | €182,000 | = | 0.0% |
| Legal reserve | 130 | €182,000 | €182,000 | = | 0.0% |
| Distributable reserves | 133 | €2,002,144 | €2,279,247 | +€277,103 | +13.8% |
| Amounts payable | 17/49 | €138,057 | €166,656 | +€28,599 | +20.7% |
| Amounts payable within one year | 42/48 | €138,057 | €166,656 | +€28,599 | +20.7% |
| Trade debts | 44 | €40 | €363 | +€323 | +815% |
| Suppliers | 440/4 | €40 | €363 | +€323 | +815% |
| Taxes, remuneration and social security | 45 | €138,018 | €166,293 | +€28,276 | +20.5% |
| Taxes | 450/3 | €138,018 | €166,293 | +€28,276 | +20.5% |
| Other operating charges | 640/8 | €1,380 | €3,028 | +€1,648 | +119% |
| Gross operating margin | 9900 | €58,340 | €57,408 | -€932 | -1.6% |
| Operating profit (loss) | 9901 | €56,960 | €54,380 | -€2,580 | -4.5% |
| Financial income | 75/76B | €1,509,480 | €275,846 | -€1.2m | -81.7% |
| Recurring financial income | 75 | €1,509,480 | €275,846 | -€1.2m | -81.7% |
| Financial charges | 65/66B | €660 | €2,187 | +€1,527 | +231% |
| Recurring financial charges | 65 | €660 | €2,187 | +€1,527 | +231% |
| Profit (loss) for the period before taxes | 9903 | €1,565,780 | €328,039 | -€1.2m | -79.0% |
| Income taxes | 67/77 | €158,110 | €50,936 | -€107,174 | -67.8% |
| Profit (loss) for the period | 9904 | €1,407,671 | €277,103 | -€1.1m | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,407,671 | €277,103 | -€1.1m | -80.3% |
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 14 October 2026 via checked.be.