Stella: 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.
Stella
Largest movements
- Cash +€16,643
up €16,643 (+53.4%), from €31,150 to €47,793
mainly Net result for the year (+€10,206) and Receivables within one year (+€7,036)
- Deferred charges and accrued income +€10,604
up €10,604 (+342.2%), from €3,099 to €13,703
- Receivables within one year -€7,036
down €7,036 (-47.1%), from €14,944 to €7,908
of which Other amounts receivable: -€8,591
- Tangible fixed assets -€1,539
down €1,539 (-13.2%), from €11,673 to €10,134
of which Furniture and vehicles: -€1,330
- Reserves +€9,750
up €9,750 (+18.4%), from €53,000 to €62,750
- Tax, wage and social debts +€4,962
up €4,962 (+164.9%), from €3,008 to €7,970
of which Taxes: +€4,935
- Trade debts +€2,021
up €2,021 (+603.4%), from €335 to €2,356
- Other debts +€1,560
up €1,560 (+54.0%), from €2,886 to €4,446
- Gross operating margin +€14,925
up €14,925 (+419.7%), from €3,556 to €18,480
- Taxes +€3,975
up €3,975 (+444.9%), from €893 to €4,868
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 | €60,865 | €79,537 | +€18,672 | +30.7% |
| Fixed assets | 21/28 | €11,673 | €10,134 | -€1,539 | -13.2% |
| Tangible fixed assets | 22/27 | €11,673 | €10,134 | -€1,539 | -13.2% |
| Furniture and vehicles | 24 | €10,011 | €8,681 | -€1,330 | -13.3% |
| Other tangible fixed assets | 26 | €1,662 | €1,452 | -€209 | -12.6% |
| Current assets | 29/58 | €49,192 | €69,403 | +€20,211 | +41.1% |
| Amounts receivable within one year | 40/41 | €14,944 | €7,908 | -€7,036 | -47.1% |
| Trade receivables | 40 | €5,221 | €6,776 | +€1,555 | +29.8% |
| Other amounts receivable | 41 | €9,723 | €1,132 | -€8,591 | -88.4% |
| Cash at bank and in hand | 54/58 | €31,150 | €47,793 | +€16,643 | +53.4% |
| Deferred charges and accrued income | 490/1 | €3,099 | €13,703 | +€10,604 | +342.2% |
| Total equity and liabilities | 10/49 | €60,865 | €79,537 | +€18,672 | +30.7% |
| Equity | 10/15 | €54,559 | €64,764 | +€10,206 | +18.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €53,000 | €62,750 | +€9,750 | +18.4% |
| Distributable reserves | 133 | €53,000 | €62,750 | +€9,750 | +18.4% |
| Profit (loss) carried forward | 14 | -€441 | €14 | +€456 | |
| Amounts payable | 17/49 | €6,306 | €14,772 | +€8,466 | +134.3% |
| Amounts payable within one year | 42/48 | €6,230 | €14,772 | +€8,543 | +137.1% |
| Trade debts | 44 | €335 | €2,356 | +€2,021 | +603.4% |
| Suppliers | 440/4 | €335 | €2,356 | +€2,021 | +603.4% |
| Taxes, remuneration and social security | 45 | €3,008 | €7,970 | +€4,962 | +164.9% |
| Taxes | 450/3 | €0 | €4,935 | +€4,935 | |
| Remuneration and social security | 454/9 | €3,008 | €3,035 | +€27 | +0.9% |
| Other amounts payable | 47/48 | €2,886 | €4,446 | +€1,560 | +54.0% |
| Accrued charges and deferred income | 492/3 | €76 | €0 | -€76 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,509 | €2,683 | +€174 | +6.9% |
| Other operating charges | 640/8 | €505 | €533 | +€28 | +5.5% |
| Gross operating margin | 9900 | €3,556 | €18,480 | +€14,925 | +419.7% |
| Operating profit (loss) | 9901 | €542 | €15,265 | +€14,723 | +2717.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €158 | €191 | +€33 | +20.6% |
| Recurring financial charges | 65 | €158 | €191 | +€33 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €384 | €15,074 | +€14,690 | +3830.6% |
| Income taxes | 67/77 | €893 | €4,868 | +€3,975 | +444.9% |
| Profit (loss) for the period | 9904 | -€510 | €10,206 | +€10,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€510 | €10,206 | +€10,716 |
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 29 September 2026 via checked.be.