Stellar Automation: 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.
Stellar Automation
Largest movements
- Receivables within one year +€14,677
up €14,677 (+96.4%), from €15,232 to €29,909
of which Trade receivables: +€14,718
- Cash +€7,907
up €7,907 (+21.5%), from €36,701 to €44,608
mainly Net result for the year (+€20,600) and Other debts (+€5,851)
- Deferred charges and accrued income -€1,781
down €1,781 (-37.8%), from €4,710 to €2,929
- Tangible fixed assets +€1,405
up €1,405 (+156.7%), from €896 to €2,301
- Reserves +€20,600
up €20,600 (+62.2%), from €33,139 to €53,739
- Other debts +€5,851
up €5,851 (+83.7%), from €6,993 to €12,844
- Tax, wage and social debts -€3,965
down €3,965 (-29.6%), from €13,396 to €9,431
- Gross operating margin -€15,010
down €15,010 (-35.8%), from €41,960 to €26,950
- Taxes -€2,845
down €2,845 (-33.4%), from €8,523 to €5,677
- Depreciation +€601
up €601 (+204.8%), from €293 to €894
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 | €57,540 | €79,747 | +€22,208 | +38.6% |
| Fixed assets | 21/28 | €896 | €2,301 | +€1,405 | +156.7% |
| Tangible fixed assets | 22/27 | €896 | €2,301 | +€1,405 | +156.7% |
| Furniture and vehicles | 24 | €896 | €2,301 | +€1,405 | +156.7% |
| Current assets | 29/58 | €56,643 | €77,446 | +€20,803 | +36.7% |
| Amounts receivable within one year | 40/41 | €15,232 | €29,909 | +€14,677 | +96.4% |
| Trade receivables | 40 | €15,168 | €29,886 | +€14,718 | +97.0% |
| Other amounts receivable | 41 | €64 | €24 | -€41 | -63.3% |
| Cash at bank and in hand | 54/58 | €36,701 | €44,608 | +€7,907 | +21.5% |
| Deferred charges and accrued income | 490/1 | €4,710 | €2,929 | -€1,781 | -37.8% |
| Total equity and liabilities | 10/49 | €57,540 | €79,747 | +€22,208 | +38.6% |
| Equity | 10/15 | €36,139 | €56,739 | +€20,600 | +57.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,139 | €53,739 | +€20,600 | +62.2% |
| Distributable reserves | 133 | €33,139 | €53,739 | +€20,600 | +62.2% |
| Amounts payable | 17/49 | €21,401 | €23,009 | +€1,608 | +7.5% |
| Amounts payable within one year | 42/48 | €21,401 | €23,009 | +€1,608 | +7.5% |
| Trade debts | 44 | €1,012 | €734 | -€278 | -27.5% |
| Suppliers | 440/4 | €1,012 | €734 | -€278 | -27.5% |
| Taxes, remuneration and social security | 45 | €13,396 | €9,431 | -€3,965 | -29.6% |
| Taxes | 450/3 | €13,396 | €9,431 | -€3,965 | -29.6% |
| Other amounts payable | 47/48 | €6,993 | €12,844 | +€5,851 | +83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €293 | €894 | +€601 | +204.8% |
| Other operating charges | 640/8 | - | €186 | +€186 | |
| Gross operating margin | 9900 | €41,960 | €26,950 | -€15,010 | -35.8% |
| Operating profit (loss) | 9901 | €41,667 | €25,870 | -€15,796 | -37.9% |
| Financial income | 75/76B | - | €130 | +€130 | |
| Recurring financial income | 75 | - | €130 | +€130 | |
| Financial charges | 65/66B | €5 | -€277 | -€282 | |
| Recurring financial charges | 65 | €5 | -€277 | -€282 | |
| Profit (loss) for the period before taxes | 9903 | €41,662 | €26,277 | -€15,385 | -36.9% |
| Income taxes | 67/77 | €8,523 | €5,677 | -€2,845 | -33.4% |
| Profit (loss) for the period | 9904 | €33,139 | €20,600 | -€12,540 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €33,139 | €20,600 | -€12,540 | -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.