Stellandra: 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.
Stellandra
Largest movements
- Receivables within one year +€6,922
up €6,922 (+2048.2%), from €338 to €7,260
of which Trade receivables: +€7,260
- Tangible fixed assets -€1,688
down €1,688 (-13.8%), from €12,232 to €10,544
of which Plant, machinery and equipment: -€1,312
- Cash -€1,532
down €1,532 (-5.6%), from €27,249 to €25,716
mainly Other debts (-€24,485) and Receivables within one year (-€6,922)
- Deferred charges and accrued income +€488
up €488 (+110.9%), from €440 to €928
- Profit (loss) carried forward +€29,585
up €29,585, from -€25,699 to €3,885
- Other debts -€24,485
down €24,485 (-83.1%), from €29,478 to €4,992
- Debts after one year -€6,866
down €6,866 (-79.5%), from €8,636 to €1,770
- Tax, wage and social debts +€4,611
up €4,611 (+1279.3%), from €360 to €4,972
- Trade debts +€1,069
up €1,069 (+119.5%), from €894 to €1,963
- Gross operating margin +€62,893
up €62,893, from -€24,767 to €38,126
- Financial charges -€817
down €817 (-14.3%), from €5,699 to €4,882
- Taxes +€539
up €539 (+248.5%), from €217 to €756
- Other operating charges -€488
down €488 (-28.6%), from €1,705 to €1,216
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 | €40,259 | €44,449 | +€4,190 | +10.4% |
| Fixed assets | 21/28 | €12,232 | €10,544 | -€1,688 | -13.8% |
| Tangible fixed assets | 22/27 | €12,232 | €10,544 | -€1,688 | -13.8% |
| Plant, machinery and equipment | 23 | €11,856 | €10,544 | -€1,312 | -11.1% |
| Furniture and vehicles | 24 | €376 | - | -€376 | |
| Current assets | 29/58 | €28,027 | €33,905 | +€5,878 | +21.0% |
| Amounts receivable within one year | 40/41 | €338 | €7,260 | +€6,922 | +2048.2% |
| Trade receivables | 40 | - | €7,260 | +€7,260 | |
| Other amounts receivable | 41 | €338 | - | -€338 | |
| Cash at bank and in hand | 54/58 | €27,249 | €25,716 | -€1,532 | -5.6% |
| Deferred charges and accrued income | 490/1 | €440 | €928 | +€488 | +110.9% |
| Total equity and liabilities | 10/49 | €40,259 | €44,449 | +€4,190 | +10.4% |
| Equity | 10/15 | -€5,699 | €23,885 | +€29,585 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,699 | €3,885 | +€29,585 | |
| Amounts payable | 17/49 | €45,958 | €20,563 | -€25,395 | -55.3% |
| Amounts payable after more than one year | 17 | €8,636 | €1,770 | -€6,866 | -79.5% |
| Financial debts | 170/4 | €8,636 | €1,770 | -€6,866 | -79.5% |
| Amounts payable within one year | 42/48 | €37,322 | €18,794 | -€18,528 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €6,589 | €6,866 | +€277 | +4.2% |
| Trade debts | 44 | €894 | €1,963 | +€1,069 | +119.5% |
| Suppliers | 440/4 | €894 | €1,963 | +€1,069 | +119.5% |
| Taxes, remuneration and social security | 45 | €360 | €4,972 | +€4,611 | +1279.3% |
| Taxes | 450/3 | €360 | €4,972 | +€4,611 | +1279.3% |
| Other amounts payable | 47/48 | €29,478 | €4,992 | -€24,485 | -83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,534 | €1,688 | +€154 | +10.1% |
| Other operating charges | 640/8 | €1,705 | €1,216 | -€488 | -28.6% |
| Gross operating margin | 9900 | -€24,767 | €38,126 | +€62,893 | |
| Operating profit (loss) | 9901 | -€28,005 | €35,222 | +€63,227 | |
| Financial charges | 65/66B | €5,699 | €4,882 | -€817 | -14.3% |
| Recurring financial charges | 65 | €5,699 | €4,882 | -€817 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | -€33,704 | €30,340 | +€64,044 | |
| Income taxes | 67/77 | €217 | €756 | +€539 | +248.5% |
| Profit (loss) for the period | 9904 | -€33,920 | €29,585 | +€63,505 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,920 | €29,585 | +€63,505 |
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 10 October 2026 via checked.be.