Stellar Build: 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 Build
Largest movements
- Stocks and contracts +€185,033
up €185,033 (+4656.7%), from €3,973 to €189,006
- Receivables within one year -€41,609
down €41,609 (-96.9%), from €42,926 to €1,318
of which Trade receivables: -€26,934
- Cash -€29,352
down €29,352 (-61.6%), from €47,673 to €18,321
mainly Stocks and contracts (-€185,033) and Contributions, distributions and other (-€81,666)
- Tangible fixed assets -€3,472
down €3,472 (-47.0%), from €7,383 to €3,911
of which Other tangible fixed assets: -€1,772
- Deferred charges and accrued income -€2,957
down €2,957 (-18.9%), from €15,618 to €12,661
- Other debts +€96,525
new in 2024: €96,525
- Profit (loss) carried forward -€81,666
down €81,666 (-97.1%), from €84,121 to €2,455
- Debts after one year +€36,816
new in 2024: €36,816
- Reserves +€35,403
new in 2024: €35,403
- Tax, wage and social debts +€12,893
up €12,893 (+74.8%), from €17,234 to €30,127
- Financial charges +€5,917
up €5,917 (+124.2%), from €4,766 to €10,682
- Gross operating margin +€5,571
up €5,571 (+9.2%), from €60,496 to €66,067
- Taxes +€4,648
up €4,648 (+39.7%), from €11,700 to €16,347
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 | €117,574 | €225,217 | +€107,643 | +91.6% |
| Fixed assets | 21/28 | €7,383 | €3,911 | -€3,472 | -47.0% |
| Tangible fixed assets | 22/27 | €7,383 | €3,911 | -€3,472 | -47.0% |
| Plant, machinery and equipment | 23 | €1,840 | €1,059 | -€780 | -42.4% |
| Furniture and vehicles | 24 | €1,801 | €881 | -€920 | -51.1% |
| Other tangible fixed assets | 26 | €3,742 | €1,971 | -€1,772 | -47.3% |
| Current assets | 29/58 | €110,191 | €221,306 | +€111,115 | +100.8% |
| Stocks and contracts in progress | 3 | €3,973 | €189,006 | +€185,033 | +4656.7% |
| Stocks | 30/36 | €3,973 | €189,006 | +€185,033 | +4656.7% |
| Amounts receivable within one year | 40/41 | €42,926 | €1,318 | -€41,609 | -96.9% |
| Trade receivables | 40 | €28,252 | €1,318 | -€26,934 | -95.3% |
| Other amounts receivable | 41 | €14,674 | €0 | -€14,674 | -100.0% |
| Cash at bank and in hand | 54/58 | €47,673 | €18,321 | -€29,352 | -61.6% |
| Deferred charges and accrued income | 490/1 | €15,618 | €12,661 | -€2,957 | -18.9% |
| Total equity and liabilities | 10/49 | €117,574 | €225,217 | +€107,643 | +91.6% |
| Equity | 10/15 | €86,621 | €40,359 | -€46,263 | -53.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €35,403 | +€35,403 | |
| Distributable reserves | 133 | - | €35,403 | +€35,403 | |
| Profit (loss) carried forward | 14 | €84,121 | €2,455 | -€81,666 | -97.1% |
| Amounts payable | 17/49 | €30,953 | €184,858 | +€153,906 | +497.2% |
| Amounts payable after more than one year | 17 | - | €36,816 | +€36,816 | |
| Financial debts | 170/4 | - | €36,816 | +€36,816 | |
| Amounts payable within one year | 42/48 | €30,953 | €148,043 | +€117,090 | +378.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,332 | +€7,332 | |
| Trade debts | 44 | €13,718 | €14,059 | +€341 | +2.5% |
| Suppliers | 440/4 | €13,718 | €14,059 | +€341 | +2.5% |
| Taxes, remuneration and social security | 45 | €17,234 | €30,127 | +€12,893 | +74.8% |
| Taxes | 450/3 | €17,234 | €30,127 | +€12,893 | +74.8% |
| Other amounts payable | 47/48 | - | €96,525 | +€96,525 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,238 | €3,472 | +€233 | +7.2% |
| Other operating charges | 640/8 | €1,383 | €1,154 | -€229 | -16.5% |
| Gross operating margin | 9900 | €60,496 | €66,067 | +€5,571 | +9.2% |
| Operating profit (loss) | 9901 | €55,875 | €61,441 | +€5,566 | +10.0% |
| Financial income | 75/76B | €354 | €992 | +€638 | +180.0% |
| Recurring financial income | 75 | €354 | €992 | +€638 | +180.0% |
| Financial charges | 65/66B | €4,766 | €10,682 | +€5,917 | +124.2% |
| Recurring financial charges | 65 | €4,766 | €10,682 | +€5,917 | +124.2% |
| Profit (loss) for the period before taxes | 9903 | €51,463 | €51,751 | +€287 | +0.6% |
| Income taxes | 67/77 | €11,700 | €16,347 | +€4,648 | +39.7% |
| Profit (loss) for the period | 9904 | €39,764 | €35,403 | -€4,361 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,764 | €35,403 | -€4,361 | -11.0% |
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 30 September 2026 via checked.be.