STELLAR DATA: 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.
STELLAR DATA
Largest movements
- Cash +€23,583
up €23,583 (+63.1%), from €37,363 to €60,946
mainly Net result for the year (+€20,635) and Depreciation (+€12,441)
- Tangible fixed assets +€6,059
up €6,059 (+42.1%), from €14,378 to €20,437
of which Furniture and vehicles: +€9,997
- Receivables within one year -€3,254
down €3,254 (-20.8%), from €15,660 to €12,405
of which Trade receivables: -€3,388
- Reserves +€20,635
up €20,635 (+159.9%), from €12,903 to €33,538
- Other debts -€8,957
no longer reported in 2025 (was €8,957)
- Debts after one year +€7,247
new in 2025: €7,247
- Tax, wage and social debts +€6,282
up €6,282 (+73.0%), from €8,608 to €14,890
of which Taxes: +€6,292
- Current portion of long-term debt +€6,141
new in 2025: €6,141
- Depreciation +€6,767
up €6,767 (+119.3%), from €5,674 to €12,441
- Taxes -€1,566
down €1,566 (-21.1%), from €7,422 to €5,856
- Gross operating margin +€1,173
up €1,173 (+2.7%), from €43,562 to €44,734
- Other operating charges +€932
up €932 (+220.7%), from €422 to €1,354
- Financial charges +€858
up €858 (+1020.1%), from €84 to €942
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 | €67,695 | €93,969 | +€26,274 | +38.8% |
| Fixed assets | 21/28 | €14,378 | €20,437 | +€6,059 | +42.1% |
| Tangible fixed assets | 22/27 | €14,378 | €20,437 | +€6,059 | +42.1% |
| Land and buildings | 22 | €7,430 | €3,837 | -€3,594 | -48.4% |
| Plant, machinery and equipment | 23 | €2,407 | €2,062 | -€344 | -14.3% |
| Furniture and vehicles | 24 | €4,541 | €14,538 | +€9,997 | +220.1% |
| Current assets | 29/58 | €53,317 | €73,531 | +€20,214 | +37.9% |
| Amounts receivable within one year | 40/41 | €15,660 | €12,405 | -€3,254 | -20.8% |
| Trade receivables | 40 | €15,004 | €11,616 | -€3,388 | -22.6% |
| Other amounts receivable | 41 | €656 | €789 | +€134 | +20.4% |
| Cash at bank and in hand | 54/58 | €37,363 | €60,946 | +€23,583 | +63.1% |
| Deferred charges and accrued income | 490/1 | €294 | €180 | -€114 | -38.8% |
| Total equity and liabilities | 10/49 | €67,695 | €93,969 | +€26,274 | +38.8% |
| Equity | 10/15 | €44,204 | €64,839 | +€20,635 | +46.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,903 | €33,538 | +€20,635 | +159.9% |
| Distributable reserves | 133 | €12,903 | €33,538 | +€20,635 | +159.9% |
| Profit (loss) carried forward | 14 | €26,300 | €26,300 | = | 0.0% |
| Amounts payable | 17/49 | €23,491 | €29,130 | +€5,639 | +24.0% |
| Amounts payable after more than one year | 17 | - | €7,247 | +€7,247 | |
| Financial debts | 170/4 | - | €7,247 | +€7,247 | |
| Amounts payable within one year | 42/48 | €23,491 | €21,883 | -€1,608 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,141 | +€6,141 | |
| Trade debts | 44 | €5,927 | €853 | -€5,074 | -85.6% |
| Suppliers | 440/4 | €5,927 | €853 | -€5,074 | -85.6% |
| Taxes, remuneration and social security | 45 | €8,608 | €14,890 | +€6,282 | +73.0% |
| Taxes | 450/3 | €8,598 | €14,890 | +€6,292 | +73.2% |
| Remuneration and social security | 454/9 | €10 | - | -€10 | |
| Other amounts payable | 47/48 | €8,957 | - | -€8,957 | |
| Remuneration, social security and pensions | 62 | €3,659 | €3,520 | -€139 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,674 | €12,441 | +€6,767 | +119.3% |
| Other operating charges | 640/8 | €422 | €1,354 | +€932 | +220.7% |
| Gross operating margin | 9900 | €43,562 | €44,734 | +€1,173 | +2.7% |
| Operating profit (loss) | 9901 | €33,806 | €27,419 | -€6,387 | -18.9% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €84 | €942 | +€858 | +1020.1% |
| Recurring financial charges | 65 | €84 | €942 | +€858 | +1020.1% |
| Profit (loss) for the period before taxes | 9903 | €33,722 | €26,491 | -€7,231 | -21.4% |
| Income taxes | 67/77 | €7,422 | €5,856 | -€1,566 | -21.1% |
| Profit (loss) for the period | 9904 | €26,300 | €20,635 | -€5,665 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,300 | €20,635 | -€5,665 | -21.5% |
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 9 October 2026 via checked.be.