STELLA INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Receivables within one year +€821,651
up €821,651 (+565%), from €145,528 to €967,179
of which Other amounts receivable: +€609,357
- Stocks and contracts +€190,097
up €190,097 (+234%), from €81,303 to €271,400
- Cash -€97,670
down €97,670 (-91.8%), from €106,356 to €8,685
mainly Receivables within one year (-€821,651) and Stocks and contracts (-€190,097)
- Trade debts +€985,048
up €985,048 (+565%), from €174,395 to €1.2m
- Other debts -€74,642
down €74,642 (-100%), from €74,642 to €0
- Financial income +€241,345
up €241,345 (+1,795%), from €13,446 to €254,791
- Financial charges +€201,699
up €201,699 (+813%), from €24,811 to €226,510
- Gross operating margin -€44,819
down €44,819, from €29,862 to -€14,957
- Write-downs -€3,954
down €3,954 (-98.8%), from €4,000 to €46
- Other operating charges -€1,139
down €1,139 (-74.0%), from €1,539 to €400
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.
Derived cash bridge
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 | €333,186 | €1,248,544 | +€915,358 | +275% |
| Fixed assets | 21/28 | - | €640 | +€640 | |
| Financial fixed assets | 28 | - | €640 | +€640 | |
| Current assets | 29/58 | €333,186 | €1,247,904 | +€914,718 | +275% |
| Stocks and contracts in progress | 3 | €81,303 | €271,400 | +€190,097 | +234% |
| Stocks | 30/36 | €81,303 | €271,400 | +€190,097 | +234% |
| Amounts receivable within one year | 40/41 | €145,528 | €967,179 | +€821,651 | +565% |
| Trade receivables | 40 | €145,099 | €357,392 | +€212,294 | +146% |
| Other amounts receivable | 41 | €429 | €609,786 | +€609,357 | +141,995% |
| Cash at bank and in hand | 54/58 | €106,356 | €8,685 | -€97,670 | -91.8% |
| Deferred charges and accrued income | 490/1 | - | €640 | +€640 | |
| Total equity and liabilities | 10/49 | €333,186 | €1,248,544 | +€915,358 | +275% |
| Equity | 10/15 | €44,724 | €54,397 | +€9,674 | +21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,524 | €48,197 | +€9,674 | +25.1% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €31,524 | €41,197 | +€9,674 | +30.7% |
| Amounts payable | 17/49 | €288,463 | €1,194,147 | +€905,684 | +314% |
| Amounts payable within one year | 42/48 | €288,463 | €1,194,147 | +€905,684 | +314% |
| Trade debts | 44 | €174,395 | €1,159,443 | +€985,048 | +565% |
| Suppliers | 440/4 | €174,395 | €1,159,443 | +€985,048 | +565% |
| Advances received on contracts in progress | 46 | €38,400 | €34,000 | -€4,400 | -11.5% |
| Taxes, remuneration and social security | 45 | €1,025 | €704 | -€321 | -31.3% |
| Taxes | 450/3 | €1,025 | €704 | -€321 | -31.3% |
| Other amounts payable | 47/48 | €74,642 | €0 | -€74,642 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,000 | €46 | -€3,954 | -98.8% |
| Other operating charges | 640/8 | €1,539 | €400 | -€1,139 | -74.0% |
| Gross operating margin | 9900 | €29,862 | -€14,957 | -€44,819 | |
| Operating profit (loss) | 9901 | €24,324 | -€15,403 | -€39,727 | |
| Financial income | 75/76B | €13,446 | €254,791 | +€241,345 | +1,795% |
| Recurring financial income | 75 | €13,446 | €254,791 | +€241,345 | +1,795% |
| Financial charges | 65/66B | €24,811 | €226,510 | +€201,699 | +813% |
| Recurring financial charges | 65 | €24,811 | €226,510 | +€201,699 | +813% |
| Profit (loss) for the period before taxes | 9903 | €12,958 | €12,877 | -€81 | -0.6% |
| Income taxes | 67/77 | €3,240 | €3,204 | -€36 | -1.1% |
| Profit (loss) for the period | 9904 | €9,719 | €9,674 | -€45 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,719 | €9,674 | -€45 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.