STELIS: 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.
STELIS
Largest movements
- Receivables within one year -€6,972
down €6,972 (-4.2%), from €166,325 to €159,353
of which Other amounts receivable: -€6,972
- Profit (loss) carried forward -€6,786
down €6,786 (-23.6%), from €28,783 to €21,997
- Gross operating margin -€85,817
down €85,817, from €79,417 to -€6,400
- Other operating charges -€48,929
down €48,929 (-99.7%), from €49,064 to €135
- Financial charges -€6,046
down €6,046 (-96.0%), from €6,296 to €251
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 | €167,006 | €160,416 | -€6,591 | -3.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €167,006 | €160,416 | -€6,591 | -3.9% |
| Amounts receivable within one year | 40/41 | €166,325 | €159,353 | -€6,972 | -4.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €166,325 | €159,353 | -€6,972 | -4.2% |
| Cash at bank and in hand | 54/58 | €681 | €1,063 | +€381 | +56.0% |
| Total equity and liabilities | 10/49 | €167,006 | €160,416 | -€6,591 | -3.9% |
| Equity | 10/15 | €165,815 | €159,029 | -€6,786 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,831 | €130,831 | = | 0.0% |
| Distributable reserves | 133 | €130,831 | €130,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,783 | €21,997 | -€6,786 | -23.6% |
| Amounts payable | 17/49 | €1,192 | €1,387 | +€195 | +16.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,127 | €1,387 | +€260 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,127 | €1,387 | +€260 | +23.1% |
| Suppliers | 440/4 | €1,127 | €1,387 | +€260 | +23.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €65 | €0 | -€65 | -100.0% |
| Non-recurring operating income | 76A | €80,000 | €0 | -€80,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €49,064 | €135 | -€48,929 | -99.7% |
| Gross operating margin | 9900 | €79,417 | -€6,400 | -€85,817 | |
| Operating profit (loss) | 9901 | €30,353 | -€6,535 | -€36,888 | |
| Financial charges | 65/66B | €6,296 | €251 | -€6,046 | -96.0% |
| Recurring financial charges | 65 | €6,296 | €251 | -€6,046 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €24,057 | -€6,786 | -€30,842 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €24,057 | -€6,786 | -€30,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,057 | -€6,786 | -€30,842 |
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 4 October 2026 via checked.be.