Stella.Shop: 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.Shop
Largest movements
- Cash +€11,276
up €11,276 (+114%), from €9,921 to €21,197
mainly Short-term financial debts (+€13,774) and Depreciation (+€4,209)
- Intangible fixed assets -€3,024
down €3,024 (-26.7%), from €11,317 to €8,293
- Stocks and contracts -€1,731
down €1,731 (-5.4%), from €32,195 to €30,464
- Receivables within one year -€1,205
down €1,205 (-45.9%), from €2,627 to €1,422
of which Trade receivables: -€1,763
- Tangible fixed assets -€1,185
down €1,185 (-35.3%), from €3,356 to €2,170
of which Other tangible fixed assets: -€1,172
- Short-term financial debts +€13,774
up €13,774, from €0 to €13,774
of which Credit institutions: +€13,723
- Debts after one year -€6,579
down €6,579 (-52.8%), from €12,460 to €5,880
- Profit (loss) carried forward -€5,131
down €5,131 (-51.8%), from -€9,896 to -€15,028
- Tax, wage and social debts +€3,245
up €3,245 (+15.0%), from €21,638 to €24,883
- Trade debts -€2,987
down €2,987 (-28.5%), from €10,485 to €7,498
- Gross operating margin +€2,323
up €2,323 (+26.9%), from €8,644 to €10,967
- Financial charges +€1,401
up €1,401 (+27.1%), from €5,174 to €6,575
- Taxes +€1,021
up €1,021 (+226%), from €452 to €1,473
- Other operating charges +€737
up €737 (+59.3%), from €1,242 to €1,979
- Depreciation -€734
down €734 (-14.8%), from €4,943 to €4,209
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 | €67,216 | €70,397 | +€3,180 | +4.7% |
| Fixed assets | 21/28 | €14,673 | €10,464 | -€4,209 | -28.7% |
| Intangible fixed assets | 21 | €11,317 | €8,293 | -€3,024 | -26.7% |
| Tangible fixed assets | 22/27 | €3,356 | €2,170 | -€1,185 | -35.3% |
| Plant, machinery and equipment | 23 | €13 | €0 | -€13 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,343 | €2,170 | -€1,172 | -35.1% |
| Current assets | 29/58 | €52,544 | €59,933 | +€7,389 | +14.1% |
| Stocks and contracts in progress | 3 | €32,195 | €30,464 | -€1,731 | -5.4% |
| Stocks | 30/36 | €32,195 | €30,464 | -€1,731 | -5.4% |
| Amounts receivable within one year | 40/41 | €2,627 | €1,422 | -€1,205 | -45.9% |
| Trade receivables | 40 | €2,250 | €488 | -€1,763 | -78.3% |
| Other amounts receivable | 41 | €377 | €934 | +€557 | +148% |
| Cash at bank and in hand | 54/58 | €9,921 | €21,197 | +€11,276 | +114% |
| Deferred charges and accrued income | 490/1 | €7,800 | €6,850 | -€950 | -12.2% |
| Total equity and liabilities | 10/49 | €67,216 | €70,397 | +€3,180 | +4.7% |
| Equity | 10/15 | €10,104 | €4,972 | -€5,131 | -50.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,896 | -€15,028 | -€5,131 | -51.8% |
| Amounts payable | 17/49 | €57,113 | €65,424 | +€8,312 | +14.6% |
| Amounts payable after more than one year | 17 | €12,460 | €5,880 | -€6,579 | -52.8% |
| Financial debts | 170/4 | €12,460 | €5,880 | -€6,579 | -52.8% |
| Amounts payable within one year | 42/48 | €44,653 | €59,544 | +€14,891 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €6,095 | €6,579 | +€485 | +7.9% |
| Financial debts | 43 | €0 | €13,774 | +€13,774 | |
| Credit institutions | 430/8 | €0 | €13,723 | +€13,723 | |
| Other loans | 439 | - | €51 | +€51 | |
| Trade debts | 44 | €10,485 | €7,498 | -€2,987 | -28.5% |
| Suppliers | 440/4 | €10,485 | €7,498 | -€2,987 | -28.5% |
| Taxes, remuneration and social security | 45 | €21,638 | €24,883 | +€3,245 | +15.0% |
| Taxes | 450/3 | €21,638 | €24,883 | +€3,245 | +15.0% |
| Other amounts payable | 47/48 | €6,435 | €6,809 | +€374 | +5.8% |
| Remuneration, social security and pensions | 62 | €1,577 | €2,007 | +€430 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,943 | €4,209 | -€734 | -14.8% |
| Other operating charges | 640/8 | €1,242 | €1,979 | +€737 | +59.3% |
| Gross operating margin | 9900 | €8,644 | €10,967 | +€2,323 | +26.9% |
| Operating profit (loss) | 9901 | €882 | €2,771 | +€1,890 | +214% |
| Financial income | 75/76B | €4 | €146 | +€142 | +3,800% |
| Recurring financial income | 75 | €4 | €146 | +€142 | +3,800% |
| Financial charges | 65/66B | €5,174 | €6,575 | +€1,401 | +27.1% |
| Recurring financial charges | 65 | €5,174 | €6,575 | +€1,401 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,289 | -€3,658 | +€631 | +14.7% |
| Income taxes | 67/77 | €452 | €1,473 | +€1,021 | +226% |
| Profit (loss) for the period | 9904 | -€4,741 | -€5,131 | -€390 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,741 | -€5,131 | -€390 | -8.2% |
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 19 October 2026 via checked.be.