STELLAR IMMO: 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 IMMO
Largest movements
- Cash +€30,371
up €30,371 (+884.1%), from €3,435 to €33,806
mainly Net result for the year (+€49,223) and Receivables within one year (+€12,426)
- Receivables within one year -€12,426
down €12,426 (-15.9%), from €78,058 to €65,632
of which Trade receivables: -€23,141
- Deferred charges and accrued income +€3,577
up €3,577 (+106.4%), from €3,361 to €6,938
- Tangible fixed assets -€2,555
down €2,555 (-52.4%), from €4,873 to €2,318
of which Plant, machinery and equipment: -€1,906
- Profit (loss) carried forward +€49,223
up €49,223, from -€31,446 to €17,777
- Trade debts -€17,929
down €17,929 (-47.1%), from €38,056 to €20,126
- Short-term financial debts -€12,000
down €12,000 (-18.8%), from €64,000 to €52,000
- Gross operating margin +€78,412
up €78,412, from -€17,528 to €60,884
- Taxes +€4,228
up €4,228, from -€84 to €4,144
- Depreciation -€3,097
down €3,097 (-49.2%), from €6,289 to €3,193
- Financial charges -€3,013
down €3,013 (-43.6%), from €6,906 to €3,893
- Financial income +€751
up €751 (+46943.8%), from €2 to €753
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 | €90,464 | €108,819 | +€18,355 | +20.3% |
| Fixed assets | 21/28 | €5,610 | €2,443 | -€3,168 | -56.5% |
| Intangible fixed assets | 21 | €637 | - | -€637 | |
| Tangible fixed assets | 22/27 | €4,873 | €2,318 | -€2,555 | -52.4% |
| Plant, machinery and equipment | 23 | €3,118 | €1,212 | -€1,906 | -61.1% |
| Furniture and vehicles | 24 | €480 | - | -€480 | |
| Other tangible fixed assets | 26 | €1,276 | €1,106 | -€169 | -13.3% |
| Financial fixed assets | 28 | €100 | €125 | +€25 | +25.0% |
| Current assets | 29/58 | €84,854 | €106,376 | +€21,522 | +25.4% |
| Amounts receivable within one year | 40/41 | €78,058 | €65,632 | -€12,426 | -15.9% |
| Trade receivables | 40 | €76,076 | €52,935 | -€23,141 | -30.4% |
| Other amounts receivable | 41 | €1,982 | €12,697 | +€10,715 | +540.7% |
| Cash at bank and in hand | 54/58 | €3,435 | €33,806 | +€30,371 | +884.1% |
| Deferred charges and accrued income | 490/1 | €3,361 | €6,938 | +€3,577 | +106.4% |
| Total equity and liabilities | 10/49 | €90,464 | €108,819 | +€18,355 | +20.3% |
| Equity | 10/15 | -€16,446 | €32,777 | +€49,223 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,446 | €17,777 | +€49,223 | |
| Amounts payable | 17/49 | €106,911 | €76,042 | -€30,869 | -28.9% |
| Amounts payable within one year | 42/48 | €106,911 | €76,042 | -€30,869 | -28.9% |
| Financial debts | 43 | €64,000 | €52,000 | -€12,000 | -18.8% |
| Credit institutions | 430/8 | €64,000 | €52,000 | -€12,000 | -18.8% |
| Trade debts | 44 | €38,056 | €20,126 | -€17,929 | -47.1% |
| Suppliers | 440/4 | €38,056 | €20,126 | -€17,929 | -47.1% |
| Taxes, remuneration and social security | 45 | €4,855 | €3,916 | -€939 | -19.3% |
| Taxes | 450/3 | €2,030 | €3,916 | +€1,886 | +92.9% |
| Remuneration and social security | 454/9 | €2,825 | - | -€2,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,289 | €3,193 | -€3,097 | -49.2% |
| Other operating charges | 640/8 | €1,131 | €1,183 | +€52 | +4.6% |
| Gross operating margin | 9900 | -€17,528 | €60,884 | +€78,412 | |
| Operating profit (loss) | 9901 | -€24,949 | €56,508 | +€81,457 | |
| Financial income | 75/76B | €2 | €753 | +€751 | +46943.8% |
| Recurring financial income | 75 | €2 | €753 | +€751 | +46943.8% |
| Financial charges | 65/66B | €6,906 | €3,893 | -€3,013 | -43.6% |
| Recurring financial charges | 65 | €6,906 | €3,893 | -€3,013 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | -€31,853 | €53,368 | +€85,221 | |
| Income taxes | 67/77 | -€84 | €4,144 | +€4,228 | |
| Profit (loss) for the period | 9904 | -€31,770 | €49,223 | +€80,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,770 | €49,223 | +€80,993 |
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.