Stellackx: 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.
Stellackx
Largest movements
- Cash +€163,926
up €163,926 (+1098.0%), from €14,929 to €178,855
mainly Net result for the year (+€156,280) and Other debts (+€25,377)
- Reserves +€156,280
up €156,280 (+5.4%), from €2.9m to €3.1m
- Financial income -€111,308
down €111,308 (-50.4%), from €220,868 to €109,560
- Financial charges -€12,028
down €12,028 (-31.8%), from €37,840 to €25,812
- Depreciation -€5,668
down €5,668 (-45.0%), from €12,594 to €6,926
- Taxes +€4,036
up €4,036 (+29.9%), from €13,509 to €17,544
- Purchases and services -€4,028
down €4,028 (-3.1%), from €129,108 to €125,080
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.
Cash bridge derived
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 | €4,554,894 | €4,715,481 | +€160,587 | +3.5% |
| Fixed assets | 21/28 | €4,538,726 | €4,531,800 | -€6,926 | -0.2% |
| Tangible fixed assets | 22/27 | €6,926 | €0 | -€6,926 | -100.0% |
| Furniture and vehicles | 24 | €6,926 | €0 | -€6,926 | -100.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €4,531,800 | €4,531,800 | = | 0.0% |
| Current assets | 29/58 | €16,169 | €183,681 | +€167,513 | +1036.0% |
| Amounts receivable within one year | 40/41 | €0 | €2,985 | +€2,985 | |
| Other amounts receivable | 41 | €0 | €2,985 | +€2,985 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,929 | €178,855 | +€163,926 | +1098.0% |
| Deferred charges and accrued income | 490/1 | €1,239 | €1,840 | +€601 | +48.5% |
| Total equity and liabilities | 10/49 | €4,554,894 | €4,715,481 | +€160,587 | +3.5% |
| Equity | 10/15 | €3,759,779 | €3,916,059 | +€156,280 | +4.2% |
| Contributions | 10/11 | €859,095 | €859,095 | = | 0.0% |
| Reserves | 13 | €2,900,684 | €3,056,964 | +€156,280 | +5.4% |
| Distributable reserves | 133 | €2,900,684 | €3,056,964 | +€156,280 | +5.4% |
| Amounts payable | 17/49 | €795,115 | €799,422 | +€4,307 | +0.5% |
| Amounts payable after more than one year | 17 | €320,000 | €320,000 | = | 0.0% |
| Financial debts | 170/4 | €320,000 | €320,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €437,352 | €453,776 | +€16,424 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,185 | €1,697 | -€5,489 | -76.4% |
| Suppliers | 440/4 | €7,185 | €1,697 | -€5,489 | -76.4% |
| Taxes, remuneration and social security | 45 | €30,107 | €26,643 | -€3,464 | -11.5% |
| Taxes | 450/3 | €15,978 | €20,751 | +€4,773 | +29.9% |
| Remuneration and social security | 454/9 | €14,129 | €5,892 | -€8,237 | -58.3% |
| Other amounts payable | 47/48 | €400,060 | €425,437 | +€25,377 | +6.3% |
| Accrued charges and deferred income | 492/3 | €37,763 | €25,646 | -€12,117 | -32.1% |
| Turnover | 70 | €264,000 | €264,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €129,108 | €125,080 | -€4,028 | -3.1% |
| Remuneration, social security and pensions | 62 | €46,855 | €49,227 | +€2,372 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,594 | €6,926 | -€5,668 | -45.0% |
| Other operating charges | 640/8 | €2,017 | €1,410 | -€607 | -30.1% |
| Non-recurring operating charges | 66A | €619 | €0 | -€619 | -100.0% |
| Gross operating margin | 9900 | €143,870 | €147,639 | +€3,769 | +2.6% |
| Operating profit (loss) | 9901 | €81,784 | €90,076 | +€8,292 | +10.1% |
| Financial income | 75/76B | €220,868 | €109,560 | -€111,308 | -50.4% |
| Recurring financial income | 75 | €220,868 | €109,560 | -€111,308 | -50.4% |
| Financial charges | 65/66B | €37,840 | €25,812 | -€12,028 | -31.8% |
| Recurring financial charges | 65 | €37,840 | €25,812 | -€12,028 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €264,813 | €173,824 | -€90,988 | -34.4% |
| Income taxes | 67/77 | €13,509 | €17,544 | +€4,036 | +29.9% |
| Profit (loss) for the period | 9904 | €251,304 | €156,280 | -€95,024 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €251,304 | €156,280 | -€95,024 | -37.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.