STELLAR VISION: 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 VISION
Largest movements
- Cash +€89,446
up €89,446 (+722.9%), from €12,374 to €101,819
mainly Net result for the year (+€122,275) and Tax, wage and social debts (+€37,573)
- Receivables within one year +€37,077
up €37,077 (+716.8%), from €5,172 to €42,250
- Deferred charges and accrued income +€11,049
new in 2025: €11,049
- Receivables after one year +€7,000
new in 2025: €7,000
- Tangible fixed assets +€2,953
new in 2025: €2,953
- Profit (loss) carried forward +€122,275
up €122,275 (+3699.9%), from €3,305 to €125,580
- Tax, wage and social debts +€37,573
up €37,573 (+4433.5%), from €847 to €38,420
- Other debts -€12,348
down €12,348 (-99.8%), from €12,370 to €22
- Gross operating margin +€153,993
up €153,993 (+3202.3%), from €4,809 to €158,802
- Taxes +€34,755
up €34,755 (+4101.0%), from €847 to €35,603
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 | €17,546 | €165,071 | +€147,525 | +840.8% |
| Fixed assets | 21/28 | - | €2,953 | +€2,953 | |
| Tangible fixed assets | 22/27 | - | €2,953 | +€2,953 | |
| Plant, machinery and equipment | 23 | - | €2,953 | +€2,953 | |
| Current assets | 29/58 | €17,546 | €162,118 | +€144,571 | +824.0% |
| Amounts receivable after more than one year | 29 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 291 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €5,172 | €42,250 | +€37,077 | +716.8% |
| Trade receivables | 40 | €5,172 | €42,250 | +€37,077 | +716.8% |
| Cash at bank and in hand | 54/58 | €12,374 | €101,819 | +€89,446 | +722.9% |
| Deferred charges and accrued income | 490/1 | - | €11,049 | +€11,049 | |
| Total equity and liabilities | 10/49 | €17,546 | €165,071 | +€147,525 | +840.8% |
| Equity | 10/15 | €4,305 | €126,580 | +€122,275 | +2840.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,305 | €125,580 | +€122,275 | +3699.9% |
| Amounts payable | 17/49 | €13,241 | €38,491 | +€25,250 | +190.7% |
| Amounts payable within one year | 42/48 | €13,241 | €38,491 | +€25,250 | +190.7% |
| Trade debts | 44 | €23 | €48 | +€25 | +106.6% |
| Suppliers | 440/4 | €23 | €48 | +€25 | +106.6% |
| Taxes, remuneration and social security | 45 | €847 | €38,420 | +€37,573 | +4433.5% |
| Taxes | 450/3 | €847 | €38,420 | +€37,573 | +4433.5% |
| Other amounts payable | 47/48 | €12,370 | €22 | -€12,348 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €389 | +€389 | |
| Other operating charges | 640/8 | - | €483 | +€483 | |
| Gross operating margin | 9900 | €4,809 | €158,802 | +€153,993 | +3202.3% |
| Operating profit (loss) | 9901 | €4,809 | €157,930 | +€153,122 | +3184.2% |
| Financial charges | 65/66B | €657 | €53 | -€604 | -91.9% |
| Recurring financial charges | 65 | €657 | €53 | -€604 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €4,152 | €157,877 | +€153,725 | +3702.2% |
| Income taxes | 67/77 | €847 | €35,603 | +€34,755 | +4101.0% |
| Profit (loss) for the period | 9904 | €3,305 | €122,275 | +€118,970 | +3599.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,305 | €122,275 | +€118,970 | +3599.9% |
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 11 October 2026 via checked.be.