StellaBlue: what changed
Two fiscal 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.
StellaBlue
Largest movements
- Cash +€36,678
up €36,678 (+119.8%), from €30,627 to €67,306
mainly Net result for the year (+€26,929) and Tax, wage and social debts (+€14,530)
- Tangible fixed assets +€4,385
up €4,385 (+352.5%), from €1,244 to €5,629
- Deferred charges and accrued income +€749
up €749 (+398.1%), from €188 to €938
- Reserves +€25,000
new in 2024: €25,000
- Tax, wage and social debts +€14,530
up €14,530 (+274.1%), from €5,300 to €19,830
- Profit (loss) carried forward +€1,929
up €1,929 (+14.6%), from €13,244 to €15,173
- Other debts +€852
up €852 (+31.2%), from €2,731 to €3,583
- Gross operating margin +€24,507
up €24,507 (+130.6%), from €18,769 to €43,276
- Taxes +€9,230
up €9,230 (+174.1%), from €5,300 to €14,530
- Depreciation +€903
up €903 (+610.1%), from €148 to €1,051
- Other operating charges +€518
new in 2024: €518
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,059 | €73,873 | +€41,813 | +130.4% |
| Fixed assets | 21/28 | €1,244 | €5,629 | +€4,385 | +352.5% |
| Tangible fixed assets | 22/27 | €1,244 | €5,629 | +€4,385 | +352.5% |
| Furniture and vehicles | 24 | €1,244 | €5,629 | +€4,385 | +352.5% |
| Current assets | 29/58 | €30,815 | €68,243 | +€37,428 | +121.5% |
| Cash at bank and in hand | 54/58 | €30,627 | €67,306 | +€36,678 | +119.8% |
| Deferred charges and accrued income | 490/1 | €188 | €938 | +€749 | +398.1% |
| Total equity and liabilities | 10/49 | €32,059 | €73,873 | +€41,813 | +130.4% |
| Equity | 10/15 | €23,244 | €50,173 | +€26,929 | +115.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €25,000 | +€25,000 | |
| Distributable reserves | 133 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | €13,244 | €15,173 | +€1,929 | +14.6% |
| Amounts payable | 17/49 | €8,815 | €23,699 | +€14,884 | +168.9% |
| Amounts payable within one year | 42/48 | €8,815 | €23,699 | +€14,884 | +168.9% |
| Trade debts | 44 | €784 | €287 | -€497 | -63.4% |
| Suppliers | 440/4 | €784 | €287 | -€497 | -63.4% |
| Taxes, remuneration and social security | 45 | €5,300 | €19,830 | +€14,530 | +274.1% |
| Taxes | 450/3 | €5,300 | €19,830 | +€14,530 | +274.1% |
| Other amounts payable | 47/48 | €2,731 | €3,583 | +€852 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148 | €1,051 | +€903 | +610.1% |
| Other operating charges | 640/8 | - | €518 | +€518 | |
| Gross operating margin | 9900 | €18,769 | €43,276 | +€24,507 | +130.6% |
| Operating profit (loss) | 9901 | €18,621 | €41,707 | +€23,086 | +124.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -85.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -85.7% |
| Financial charges | 65/66B | €77 | €249 | +€172 | +224.4% |
| Recurring financial charges | 65 | €77 | €249 | +€172 | +224.4% |
| Profit (loss) for the period before taxes | 9903 | €18,544 | €41,458 | +€22,914 | +123.6% |
| Income taxes | 67/77 | €5,300 | €14,530 | +€9,230 | +174.1% |
| Profit (loss) for the period | 9904 | €13,244 | €26,929 | +€13,684 | +103.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,244 | €26,929 | +€13,684 | +103.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.