Stella: 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.
Stella
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Cash -€8,326
down €8,326 (-66.5%), from €12,517 to €4,191
mainly Other debts (-€46,609) and Debts after one year (-€16,648)
- Receivables within one year +€3,391
up €3,391 (+111%), from €3,053 to €6,444
- Tangible fixed assets -€2,562
down €2,562 (-22.4%), from €11,443 to €8,881
of which Plant, machinery and equipment: -€2,222
- Deferred charges and accrued income +€1,539
up €1,539 (+553%), from €278 to €1,817
- Other debts -€46,609
down €46,609 (-23.5%), from €197,976 to €151,368
- Trade debts +€22,425
up €22,425 (+96.5%), from €23,245 to €45,670
- Debts after one year -€16,648
down €16,648 (-74.7%), from €22,279 to €5,631
- Tax, wage and social debts +€11,867
up €11,867 (+55.4%), from €21,410 to €33,277
of which Taxes: +€7,103
- Short-term financial debts +€10,006
new in 2024: €10,006
- Gross operating margin +€13,119
up €13,119 (+10.8%), from €121,328 to €134,446
- Staff costs +€4,380
up €4,380 (+4.0%), from €109,165 to €113,545
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,841 | €103,404 | -€26,436 | -20.4% |
| Fixed assets | 21/28 | €112,493 | €89,931 | -€22,562 | -20.1% |
| Intangible fixed assets | 21 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Tangible fixed assets | 22/27 | €11,443 | €8,881 | -€2,562 | -22.4% |
| Plant, machinery and equipment | 23 | €8,778 | €6,556 | -€2,222 | -25.3% |
| Furniture and vehicles | 24 | €2,665 | €2,325 | -€340 | -12.8% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €17,348 | €13,474 | -€3,874 | -22.3% |
| Stocks and contracts in progress | 3 | €1,500 | €1,021 | -€479 | -31.9% |
| Stocks | 30/36 | €1,500 | €1,021 | -€479 | -31.9% |
| Amounts receivable within one year | 40/41 | €3,053 | €6,444 | +€3,391 | +111% |
| Trade receivables | 40 | €3,053 | €6,444 | +€3,391 | +111% |
| Cash at bank and in hand | 54/58 | €12,517 | €4,191 | -€8,326 | -66.5% |
| Deferred charges and accrued income | 490/1 | €278 | €1,817 | +€1,539 | +553% |
| Total equity and liabilities | 10/49 | €129,841 | €103,404 | -€26,436 | -20.4% |
| Equity | 10/15 | -€151,505 | -€159,196 | -€7,691 | -5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,905 | -€171,596 | -€7,691 | -4.7% |
| Amounts payable | 17/49 | €281,346 | €262,600 | -€18,746 | -6.7% |
| Amounts payable after more than one year | 17 | €22,279 | €5,631 | -€16,648 | -74.7% |
| Financial debts | 170/4 | €22,279 | €5,631 | -€16,648 | -74.7% |
| Amounts payable within one year | 42/48 | €259,067 | €256,969 | -€2,098 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €16,285 | €16,648 | +€362 | +2.2% |
| Financial debts | 43 | - | €10,006 | +€10,006 | |
| Credit institutions | 430/8 | - | €10,006 | +€10,006 | |
| Trade debts | 44 | €23,245 | €45,670 | +€22,425 | +96.5% |
| Suppliers | 440/4 | €23,245 | €45,670 | +€22,425 | +96.5% |
| Advances received on contracts in progress | 46 | €150 | - | -€150 | |
| Taxes, remuneration and social security | 45 | €21,410 | €33,277 | +€11,867 | +55.4% |
| Taxes | 450/3 | €6,425 | €13,528 | +€7,103 | +111% |
| Remuneration and social security | 454/9 | €14,985 | €19,749 | +€4,764 | +31.8% |
| Other amounts payable | 47/48 | €197,976 | €151,368 | -€46,609 | -23.5% |
| Remuneration, social security and pensions | 62 | €109,165 | €113,545 | +€4,380 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,554 | €22,562 | +€8 | 0.0% |
| Other operating charges | 640/8 | €125 | €125 | = | 0.0% |
| Non-recurring operating charges | 66A | €1,240 | €1,150 | -€90 | -7.3% |
| Gross operating margin | 9900 | €121,328 | €134,446 | +€13,119 | +10.8% |
| Operating profit (loss) | 9901 | -€11,756 | -€2,936 | +€8,820 | +75.0% |
| Financial income | 75/76B | €2 | €1 | -€1 | -56.3% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -56.3% |
| Financial charges | 65/66B | €3,920 | €4,755 | +€835 | +21.3% |
| Recurring financial charges | 65 | €3,920 | €4,755 | +€835 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,675 | -€7,691 | +€7,984 | +50.9% |
| Profit (loss) for the period | 9904 | -€15,675 | -€7,691 | +€7,984 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,675 | -€7,691 | +€7,984 | +50.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.