STELLA - TAX: 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 - TAX
Largest movements
- Receivables within one year -€7,204
down €7,204 (-25.5%), from €28,198 to €20,994
of which Other amounts receivable: -€7,749
- Tangible fixed assets -€5,499
down €5,499 (-19.1%), from €28,774 to €23,276
- Intangible fixed assets -€3,200
down €3,200 (-16.7%), from €19,200 to €16,000
- Profit (loss) carried forward -€18,438
down €18,438 (-73.2%), from -€25,187 to -€43,625
- Tax, wage and social debts +€3,798
up €3,798 (+42.7%), from €8,889 to €12,686
- Trade debts -€1,127
down €1,127 (-4.1%), from €27,485 to €26,358
- Gross operating margin -€18,489
down €18,489, from €12,682 to -€5,808
- Taxes -€5,445
no longer reported in 2025 (was €5,445)
- Depreciation +€4,643
up €4,643 (+106%), from €4,386 to €9,028
- Other operating charges +€1,184
up €1,184 (+49.0%), from €2,417 to €3,601
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 | €77,290 | €61,523 | -€15,767 | -20.4% |
| Fixed assets | 21/28 | €48,024 | €39,326 | -€8,699 | -18.1% |
| Intangible fixed assets | 21 | €19,200 | €16,000 | -€3,200 | -16.7% |
| Tangible fixed assets | 22/27 | €28,774 | €23,276 | -€5,499 | -19.1% |
| Furniture and vehicles | 24 | €28,774 | €23,276 | -€5,499 | -19.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €29,265 | €22,197 | -€7,068 | -24.2% |
| Amounts receivable within one year | 40/41 | €28,198 | €20,994 | -€7,204 | -25.5% |
| Trade receivables | 40 | €2,234 | €2,779 | +€545 | +24.4% |
| Other amounts receivable | 41 | €25,964 | €18,215 | -€7,749 | -29.8% |
| Cash at bank and in hand | 54/58 | €1,068 | €1,203 | +€136 | +12.7% |
| Total equity and liabilities | 10/49 | €77,290 | €61,523 | -€15,767 | -20.4% |
| Equity | 10/15 | €38,416 | €19,978 | -€18,438 | -48.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,603 | €1,603 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,603 | €1,603 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,603 | €1,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,187 | -€43,625 | -€18,438 | -73.2% |
| Amounts payable | 17/49 | €38,874 | €41,545 | +€2,671 | +6.9% |
| Amounts payable within one year | 42/48 | €36,374 | €39,045 | +€2,671 | +7.3% |
| Trade debts | 44 | €27,485 | €26,358 | -€1,127 | -4.1% |
| Suppliers | 440/4 | €27,485 | €26,358 | -€1,127 | -4.1% |
| Taxes, remuneration and social security | 45 | €8,889 | €12,686 | +€3,798 | +42.7% |
| Taxes | 450/3 | €8,889 | €12,686 | +€3,798 | +42.7% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,386 | €9,028 | +€4,643 | +106% |
| Other operating charges | 640/8 | €2,417 | €3,601 | +€1,184 | +49.0% |
| Gross operating margin | 9900 | €12,682 | -€5,808 | -€18,489 | |
| Operating profit (loss) | 9901 | €5,879 | -€18,437 | -€24,316 | |
| Financial charges | 65/66B | €96 | €1 | -€96 | -99.3% |
| Recurring financial charges | 65 | €96 | €1 | -€96 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €5,782 | -€18,438 | -€24,220 | |
| Income taxes | 67/77 | €5,445 | - | -€5,445 | |
| Profit (loss) for the period | 9904 | €338 | -€18,438 | -€18,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €338 | -€18,438 | -€18,776 |
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 18 October 2026 via checked.be.