STELIJAH: what changed
Two fiscal 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.
STELIJAH
Largest movements
- Tangible fixed assets +€20,138
new in 2025: €20,138
- Receivables within one year -€4,518
down €4,518 (-13.9%), from €32,506 to €27,988
- Cash -€3,244
no longer reported in 2025 (was €3,244)
mainly Investment in fixed assets (net) (-€26,851) and Tax, wage and social debts (-€9,916)
- Trade debts +€25,401
up €25,401 (+358.3%), from €7,089 to €32,490
- Tax, wage and social debts -€9,916
no longer reported in 2025 (was €9,916)
- Accrued charges and deferred income -€6,389
no longer reported in 2025 (was €6,389)
- Profit (loss) carried forward +€3,008
up €3,008 (+51.8%), from €5,806 to €8,814
- Turnover +€62,019
new in 2025: €62,019
- Purchases and services +€53,139
new in 2025: €53,139
- Taxes -€10,975
no longer reported in 2025 (was €10,975)
- Depreciation +€6,713
new in 2025: €6,713
- Financial income -€1,449
no longer reported in 2025 (was €1,449)
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.
Cash bridge derived
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 | €36,002 | €48,126 | +€12,124 | +33.7% |
| Fixed assets | 21/28 | - | €20,138 | +€20,138 | |
| Tangible fixed assets | 22/27 | - | €20,138 | +€20,138 | |
| Furniture and vehicles | 24 | - | €20,138 | +€20,138 | |
| Current assets | 29/58 | €36,002 | €27,988 | -€8,014 | -22.3% |
| Amounts receivable within one year | 40/41 | €32,506 | €27,988 | -€4,518 | -13.9% |
| Other amounts receivable | 41 | €32,506 | €27,988 | -€4,518 | -13.9% |
| Cash at bank and in hand | 54/58 | €3,244 | - | -€3,244 | |
| Deferred charges and accrued income | 490/1 | €253 | - | -€253 | |
| Total equity and liabilities | 10/49 | €36,002 | €48,126 | +€12,124 | +33.7% |
| Equity | 10/15 | €12,006 | €15,014 | +€3,008 | +25.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,806 | €8,814 | +€3,008 | +51.8% |
| Amounts payable | 17/49 | €23,996 | €33,112 | +€9,116 | +38.0% |
| Amounts payable within one year | 42/48 | €17,607 | €33,112 | +€15,505 | +88.1% |
| Current portion of amounts payable after more than one year | 42 | €87 | - | -€87 | |
| Financial debts | 43 | €515 | €622 | +€108 | +20.9% |
| Credit institutions | 430/8 | €515 | €622 | +€108 | +20.9% |
| Trade debts | 44 | €7,089 | €32,490 | +€25,401 | +358.3% |
| Suppliers | 440/4 | €7,089 | €32,490 | +€25,401 | +358.3% |
| Taxes, remuneration and social security | 45 | €9,916 | - | -€9,916 | |
| Taxes | 450/3 | €9,916 | - | -€9,916 | |
| Accrued charges and deferred income | 492/3 | €6,389 | - | -€6,389 | |
| Turnover | 70 | - | €62,019 | +€62,019 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €53,139 | +€53,139 | |
| Remuneration, social security and pensions | 62 | - | €882 | +€882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,713 | +€6,713 | |
| Other operating charges | 640/8 | €1,143 | €614 | -€528 | -46.2% |
| Gross operating margin | 9900 | €11,066 | €11,359 | +€293 | +2.6% |
| Operating profit (loss) | 9901 | €9,924 | €3,151 | -€6,773 | -68.3% |
| Financial income | 75/76B | €1,449 | - | -€1,449 | |
| Recurring financial income | 75 | €1,449 | - | -€1,449 | |
| Financial charges | 65/66B | €156 | €143 | -€14 | -8.7% |
| Recurring financial charges | 65 | €156 | €143 | -€14 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €11,216 | €3,008 | -€8,208 | -73.2% |
| Income taxes | 67/77 | €10,975 | - | -€10,975 | |
| Profit (loss) for the period | 9904 | €241 | €3,008 | +€2,767 | +1148.8% |
| Profit (loss) for the period to be appropriated | 9905 | €241 | €3,008 | +€2,767 | +1148.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.