STELLAR VENTURES: 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 VENTURES
Largest movements
- Receivables within one year -€25,517
no longer reported in 2025 (was €25,517)
of which Other amounts receivable: -€13,737
- Cash +€18,370
up €18,370 (+45.1%), from €40,771 to €59,141
mainly Net result for the year (+€83,349) and Receivables within one year (+€25,517)
- Receivables after one year +€16,600
up €16,600 (+7.8%), from €212,010 to €228,610
- Profit (loss) carried forward +€83,349
up €83,349, from -€73,181 to €10,168
- Other debts -€68,560
down €68,560 (-26.7%), from €256,642 to €188,082
- Gross operating margin +€119,024
up €119,024 (+1,239%), from €9,605 to €128,629
- Staff costs -€4,794
down €4,794 (-10.8%), from €44,461 to €39,667
- Financial charges +€4,022
up €4,022 (+951%), from €423 to €4,445
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.
Derived cash bridge
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 | €1,524,620 | €1,534,073 | +€9,453 | +0.6% |
| Fixed assets | 21/28 | €1,246,322 | €1,246,322 | = | 0.0% |
| Financial fixed assets | 28 | €1,246,322 | €1,246,322 | = | 0.0% |
| Current assets | 29/58 | €278,298 | €287,751 | +€9,453 | +3.4% |
| Amounts receivable after more than one year | 29 | €212,010 | €228,610 | +€16,600 | +7.8% |
| Other amounts receivable | 291 | €212,010 | €228,610 | +€16,600 | +7.8% |
| Amounts receivable within one year | 40/41 | €25,517 | - | -€25,517 | |
| Trade receivables | 40 | €11,780 | - | -€11,780 | |
| Other amounts receivable | 41 | €13,737 | - | -€13,737 | |
| Cash at bank and in hand | 54/58 | €40,771 | €59,141 | +€18,370 | +45.1% |
| Total equity and liabilities | 10/49 | €1,524,620 | €1,534,073 | +€9,453 | +0.6% |
| Equity | 10/15 | €1,249,819 | €1,333,168 | +€83,349 | +6.7% |
| Contributions | 10/11 | €1,323,000 | €1,323,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,181 | €10,168 | +€83,349 | |
| Amounts payable | 17/49 | €274,801 | €200,905 | -€73,896 | -26.9% |
| Amounts payable within one year | 42/48 | €274,801 | €200,905 | -€73,896 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €3,212 | €2,672 | -€540 | -16.8% |
| Trade debts | 44 | €5,969 | €1,736 | -€4,233 | -70.9% |
| Suppliers | 440/4 | €5,969 | €1,736 | -€4,233 | -70.9% |
| Taxes, remuneration and social security | 45 | €8,978 | €8,415 | -€563 | -6.3% |
| Taxes | 450/3 | - | €326 | +€326 | |
| Remuneration and social security | 454/9 | €8,978 | €8,089 | -€889 | -9.9% |
| Other amounts payable | 47/48 | €256,642 | €188,082 | -€68,560 | -26.7% |
| Remuneration, social security and pensions | 62 | €44,461 | €39,667 | -€4,794 | -10.8% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €9,605 | €128,629 | +€119,024 | +1,239% |
| Operating profit (loss) | 9901 | -€35,243 | €87,964 | +€123,207 | |
| Financial charges | 65/66B | €423 | €4,445 | +€4,022 | +951% |
| Recurring financial charges | 65 | €423 | €4,445 | +€4,022 | +951% |
| Profit (loss) for the period before taxes | 9903 | -€35,666 | €83,519 | +€119,185 | |
| Income taxes | 67/77 | €123 | €170 | +€47 | +38.2% |
| Profit (loss) for the period | 9904 | -€35,789 | €83,349 | +€119,138 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,789 | €83,349 | +€119,138 |
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 26 October 2026 via checked.be.