STELLA DI LUNA: what changed
STELLA DI LUNA
Largest movements
- Cash +€78,834
up €78,834 (+248%), from €31,777 to €110,610
mainly Other debts (+€103,661) and Tax, wage and social debts (+€74,865)
- Receivables within one year +€55,990
up €55,990 (+143%), from €39,096 to €95,086
of which Trade receivables: +€72,163
- Current investments -€45,000
down €45,000 (-36.0%), from €125,000 to €80,000
- Tangible fixed assets +€11,763
up €11,763 (+47.4%), from €24,833 to €36,596
of which Other tangible fixed assets: +€12,017
- Stocks and contracts +€7,950
up €7,950 (+36.8%), from €21,583 to €29,533
- Other debts +€103,661
up €103,661 (+103%), from €100,638 to €204,299
- Tax, wage and social debts +€74,865
up €74,865 (+230%), from €32,488 to €107,353
of which Remuneration and social security: +€57,855
- Profit (loss) carried forward -€48,547
down €48,547 (-65.4%), from €74,205 to €25,658
- Trade debts -€20,443
down €20,443 (-62.0%), from €32,958 to €12,515
- Staff costs +€60,557
up €60,557 (+21.2%), from €285,004 to €345,561
- Gross operating margin +€55,451
up €55,451 (+17.5%), from €316,424 to €371,874
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,289 | €351,826 | +€109,536 | +45.2% |
| Fixed assets | 21/28 | €24,833 | €36,596 | +€11,763 | +47.4% |
| Tangible fixed assets | 22/27 | €24,833 | €36,596 | +€11,763 | +47.4% |
| Plant, machinery and equipment | 23 | €3,331 | €3,340 | +€9 | +0.3% |
| Furniture and vehicles | 24 | €264 | - | -€264 | |
| Other tangible fixed assets | 26 | €21,238 | €33,256 | +€12,017 | +56.6% |
| Current assets | 29/58 | €217,456 | €315,230 | +€97,774 | +45.0% |
| Stocks and contracts in progress | 3 | €21,583 | €29,533 | +€7,950 | +36.8% |
| Stocks | 30/36 | €21,583 | €29,533 | +€7,950 | +36.8% |
| Amounts receivable within one year | 40/41 | €39,096 | €95,086 | +€55,990 | +143% |
| Trade receivables | 40 | €2,213 | €74,376 | +€72,163 | +3,262% |
| Other amounts receivable | 41 | €36,884 | €20,711 | -€16,173 | -43.8% |
| Current investments | 50/53 | €125,000 | €80,000 | -€45,000 | -36.0% |
| Cash at bank and in hand | 54/58 | €31,777 | €110,610 | +€78,834 | +248% |
| Total equity and liabilities | 10/49 | €242,289 | €351,826 | +€109,536 | +45.2% |
| Equity | 10/15 | €76,205 | €27,658 | -€48,547 | -63.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,205 | €25,658 | -€48,547 | -65.4% |
| Amounts payable | 17/49 | €166,084 | €324,168 | +€158,083 | +95.2% |
| Amounts payable within one year | 42/48 | €166,084 | €324,168 | +€158,083 | +95.2% |
| Trade debts | 44 | €32,958 | €12,515 | -€20,443 | -62.0% |
| Suppliers | 440/4 | €32,958 | €12,515 | -€20,443 | -62.0% |
| Taxes, remuneration and social security | 45 | €32,488 | €107,353 | +€74,865 | +230% |
| Taxes | 450/3 | €7,934 | €24,944 | +€17,010 | +214% |
| Remuneration and social security | 454/9 | €24,554 | €82,409 | +€57,855 | +236% |
| Other amounts payable | 47/48 | €100,638 | €204,299 | +€103,661 | +103% |
| Remuneration, social security and pensions | 62 | €285,004 | €345,561 | +€60,557 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,197 | €5,643 | +€1,446 | +34.5% |
| Other operating charges | 640/8 | €2,122 | €1,339 | -€783 | -36.9% |
| Gross operating margin | 9900 | €316,424 | €371,874 | +€55,451 | +17.5% |
| Operating profit (loss) | 9901 | €25,101 | €19,331 | -€5,770 | -23.0% |
| Financial income | 75/76B | €0 | €2,878 | +€2,878 | +2,616,500% |
| Recurring financial income | 75 | €0 | €2,878 | +€2,878 | +2,616,500% |
| Financial charges | 65/66B | €4,428 | €5,032 | +€604 | +13.6% |
| Recurring financial charges | 65 | €4,428 | €5,032 | +€604 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €20,673 | €17,177 | -€3,496 | -16.9% |
| Income taxes | 67/77 | €6,578 | €5,724 | -€854 | -13.0% |
| Profit (loss) for the period | 9904 | €14,096 | €11,453 | -€2,642 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,096 | €11,453 | -€2,642 | -18.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.