STELLA VIOLA: 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 VIOLA
Largest movements
- Tangible fixed assets -€37,245
down €37,245 (-8.6%), from €433,252 to €396,007
of which Other tangible fixed assets: -€34,785
- Stocks and contracts -€5,700
down €5,700 (-44.9%), from €12,685 to €6,985
- Receivables within one year +€5,389
up €5,389 (+5,702%), from €95 to €5,483
of which Trade receivables: +€5,389
- Debts after one year -€34,571
down €34,571 (-7.7%), from €450,541 to €415,970
of which Financial debts: -€26,111
- Profit (loss) carried forward -€10,475
down €10,475 (-7.8%), from -€134,509 to -€144,984
- Other debts +€5,453
up €5,453 (+11.7%), from €46,637 to €52,090
- Gross operating margin -€18,290
down €18,290 (-30.0%), from €60,878 to €42,589
- Staff costs -€13,618
down €13,618 (-97.7%), from €13,944 to €325
- Other operating charges +€3,622
up €3,622 (+112%), from €3,220 to €6,842
- Financial charges -€668
down €668 (-7.2%), from €9,319 to €8,651
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 | €453,509 | €412,473 | -€41,036 | -9.0% |
| Fixed assets | 21/28 | €433,252 | €396,007 | -€37,245 | -8.6% |
| Tangible fixed assets | 22/27 | €433,252 | €396,007 | -€37,245 | -8.6% |
| Plant, machinery and equipment | 23 | €3,434 | €973 | -€2,461 | -71.7% |
| Other tangible fixed assets | 26 | €429,818 | €395,033 | -€34,785 | -8.1% |
| Current assets | 29/58 | €20,257 | €16,467 | -€3,791 | -18.7% |
| Stocks and contracts in progress | 3 | €12,685 | €6,985 | -€5,700 | -44.9% |
| Stocks | 30/36 | €12,685 | €6,985 | -€5,700 | -44.9% |
| Amounts receivable within one year | 40/41 | €95 | €5,483 | +€5,389 | +5,702% |
| Trade receivables | 40 | €95 | €5,483 | +€5,389 | +5,702% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,707 | €3,628 | -€3,079 | -45.9% |
| Deferred charges and accrued income | 490/1 | €770 | €371 | -€400 | -51.9% |
| Total equity and liabilities | 10/49 | €453,509 | €412,473 | -€41,036 | -9.0% |
| Equity | 10/15 | -€85,909 | -€96,384 | -€10,475 | -12.2% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,509 | -€144,984 | -€10,475 | -7.8% |
| Amounts payable | 17/49 | €539,419 | €508,857 | -€30,561 | -5.7% |
| Amounts payable after more than one year | 17 | €450,541 | €415,970 | -€34,571 | -7.7% |
| Financial debts | 170/4 | €410,031 | €383,920 | -€26,111 | -6.4% |
| Other amounts payable | 178/9 | €40,510 | €32,050 | -€8,460 | -20.9% |
| Amounts payable within one year | 42/48 | €85,990 | €87,745 | +€1,755 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €25,688 | €26,111 | +€422 | +1.6% |
| Trade debts | 44 | €9,876 | €7,114 | -€2,762 | -28.0% |
| Suppliers | 440/4 | €9,876 | €7,114 | -€2,762 | -28.0% |
| Taxes, remuneration and social security | 45 | €3,789 | €2,431 | -€1,358 | -35.8% |
| Taxes | 450/3 | €2,091 | €2,431 | +€340 | +16.2% |
| Remuneration and social security | 454/9 | €1,698 | €0 | -€1,698 | -100% |
| Other amounts payable | 47/48 | €46,637 | €52,090 | +€5,453 | +11.7% |
| Accrued charges and deferred income | 492/3 | €2,888 | €5,142 | +€2,254 | +78.1% |
| Remuneration, social security and pensions | 62 | €13,944 | €325 | -€13,618 | -97.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,234 | €37,245 | +€11 | 0.0% |
| Other operating charges | 640/8 | €3,220 | €6,842 | +€3,622 | +112% |
| Gross operating margin | 9900 | €60,878 | €42,589 | -€18,290 | -30.0% |
| Operating profit (loss) | 9901 | €6,481 | -€1,824 | -€8,304 | |
| Financial income | 75/76B | €36 | €0 | -€36 | -99.7% |
| Recurring financial income | 75 | €36 | €0 | -€36 | -99.7% |
| Financial charges | 65/66B | €9,319 | €8,651 | -€668 | -7.2% |
| Recurring financial charges | 65 | €9,319 | €8,651 | -€668 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,802 | -€10,475 | -€7,673 | -274% |
| Profit (loss) for the period | 9904 | -€2,802 | -€10,475 | -€7,673 | -274% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,802 | -€10,475 | -€7,673 | -274% |
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 15 October 2026 via checked.be.