STELLAR INVEST: what changed
What changed
STELLAR INVEST
filed annual accounts (NBB)
Net result for the year
-€8,069
2024 · -€5,335-€2,734
Equity
€1,611
2024 · €9,679-€8,069
Cash
€5,884
2024 · €8,172-€2,288
Balance sheet total
€2.8m
2024 · €1.6m+€1.2m
Largest movements
Assets
- Financial fixed assets +€1.2m
up €1.2m (+77.1%), from €1.6m to €2.8m
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+77.5%), from €1.6m to €2.8m
Income statement
- Financial charges +€6,853
up €6,853 (+62.2%), from €11,018 to €17,871
- Financial income +€4,646
up €4,646 (+62.1%), from €7,479 to €12,125
- Other operating charges +€611
up €611 (+158%), from €387 to €998
- Gross operating margin +€84
up €84 (+6.0%), from -€1,408 to -€1,324
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€5,335
Gross operating margin
+€84
Other operating charges
-€611
Financial income
+€4,646
Financial charges
-€6,853
Result 2025
-€8,069
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€8,069
Investment
-€1.2m
Financing
+€1.2m
Cash 2024
€8,172
From operations (derived)
-€8,069
Net result for the year
-€8,069
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€1.2m
Debts after one year
+€1.2m
Cash 2025
€5,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,581,152 | €2,790,989 | +€1.2m | +76.5% |
| Fixed assets | 21/28 | €1,572,980 | €2,785,105 | +€1.2m | +77.1% |
| Financial fixed assets | 28 | €1,572,980 | €2,785,105 | +€1.2m | +77.1% |
| Current assets | 29/58 | €8,172 | €5,884 | -€2,288 | -28.0% |
| Cash at bank and in hand | 54/58 | €8,172 | €5,884 | -€2,288 | -28.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,581,152 | €2,790,989 | +€1.2m | +76.5% |
| Equity | 10/15 | €9,679 | €1,611 | -€8,069 | -83.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,321 | -€18,389 | -€8,069 | -78.2% |
| Amounts payable | 17/49 | €1,571,473 | €2,789,378 | +€1.2m | +77.5% |
| Amounts payable after more than one year | 17 | €1,571,473 | €2,789,378 | +€1.2m | +77.5% |
| Other amounts payable | 178/9 | €1,571,473 | €2,789,378 | +€1.2m | +77.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | -€1,408 | -€1,324 | +€84 | +6.0% |
| Operating profit (loss) | 9901 | -€1,796 | -€2,323 | -€527 | -29.3% |
| Financial income | 75/76B | €7,479 | €12,125 | +€4,646 | +62.1% |
| Recurring financial income | 75 | €7,479 | €12,125 | +€4,646 | +62.1% |
| Financial charges | 65/66B | €11,018 | €17,871 | +€6,853 | +62.2% |
| Recurring financial charges | 65 | €11,018 | €17,871 | +€6,853 | +62.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,335 | -€8,069 | -€2,734 | -51.2% |
| Profit (loss) for the period | 9904 | -€5,335 | -€8,069 | -€2,734 | -51.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,335 | -€8,069 | -€2,734 | -51.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.