Stella Vastgoed: 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 Vastgoed
Largest movements
- Cash +€266,053
up €266,053 (+678%), from €39,266 to €305,319
mainly Debts after one year (+€336,480) and Net result for the year (+€79,331)
- Tangible fixed assets +€140,052
up €140,052 (+8.8%), from €1.6m to €1.7m
of which Land and buildings: +€136,059
- Debts after one year +€336,480
up €336,480 (+24.4%), from €1.4m to €1.7m
of which Other amounts payable: +€437,424
- Reserves +€79,331
up €79,331 (+71.6%), from €110,729 to €190,060
- Tax, wage and social debts -€23,538
down €23,538 (-64.9%), from €36,251 to €12,713
- Gross operating margin +€28,693
up €28,693 (+17.2%), from €166,932 to €195,625
- Other operating charges +€11,865
up €11,865 (+5,204%), from €228 to €12,093
- Depreciation +€8,508
up €8,508 (+23.7%), from €35,965 to €44,472
- Taxes +€3,112
up €3,112 (+9.0%), from €34,601 to €37,713
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 | €1,629,147 | €2,035,252 | +€406,104 | +24.9% |
| Fixed assets | 21/28 | €1,589,882 | €1,729,933 | +€140,052 | +8.8% |
| Tangible fixed assets | 22/27 | €1,584,882 | €1,724,933 | +€140,052 | +8.8% |
| Land and buildings | 22 | €1,584,882 | €1,720,941 | +€136,059 | +8.6% |
| Plant, machinery and equipment | 23 | - | €3,992 | +€3,992 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €39,266 | €305,319 | +€266,053 | +678% |
| Cash at bank and in hand | 54/58 | €39,266 | €305,319 | +€266,053 | +678% |
| Total equity and liabilities | 10/49 | €1,629,147 | €2,035,252 | +€406,104 | +24.9% |
| Equity | 10/15 | €111,729 | €191,060 | +€79,331 | +71.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €110,729 | €190,060 | +€79,331 | +71.6% |
| Distributable reserves | 133 | €110,729 | €190,060 | +€79,331 | +71.6% |
| Amounts payable | 17/49 | €1,517,418 | €1,844,191 | +€326,774 | +21.5% |
| Amounts payable after more than one year | 17 | €1,379,465 | €1,715,945 | +€336,480 | +24.4% |
| Financial debts | 170/4 | €1,179,490 | €1,078,546 | -€100,944 | -8.6% |
| Other amounts payable | 178/9 | €199,975 | €637,399 | +€437,424 | +219% |
| Amounts payable within one year | 42/48 | €137,953 | €113,247 | -€24,706 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €98,565 | €100,533 | +€1,969 | +2.0% |
| Trade debts | 44 | €3,138 | - | -€3,138 | |
| Suppliers | 440/4 | €3,138 | - | -€3,138 | |
| Taxes, remuneration and social security | 45 | €36,251 | €12,713 | -€23,538 | -64.9% |
| Taxes | 450/3 | €36,251 | €12,713 | -€23,538 | -64.9% |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,965 | €44,472 | +€8,508 | +23.7% |
| Other operating charges | 640/8 | €228 | €12,093 | +€11,865 | +5,204% |
| Gross operating margin | 9900 | €166,932 | €195,625 | +€28,693 | +17.2% |
| Operating profit (loss) | 9901 | €130,740 | €139,060 | +€8,320 | +6.4% |
| Financial charges | 65/66B | €23,550 | €22,016 | -€1,534 | -6.5% |
| Recurring financial charges | 65 | €23,550 | €22,016 | -€1,534 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €107,190 | €117,044 | +€9,854 | +9.2% |
| Income taxes | 67/77 | €34,601 | €37,713 | +€3,112 | +9.0% |
| Profit (loss) for the period | 9904 | €72,589 | €79,331 | +€6,742 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €72,589 | €79,331 | +€6,742 | +9.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.