Stellax Engineering: 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.
Stellax Engineering
Largest movements
- Cash +€57,153
up €57,153 (+187.8%), from €30,439 to €87,592
mainly Net result for the year (+€62,732) and Tax, wage and social debts (+€15,614)
- Current investments +€10,334
up €10,334 (+19.5%), from €53,000 to €63,334
- Tangible fixed assets -€9,235
down €9,235 (-18.2%), from €50,740 to €41,504
of which Furniture and vehicles: -€10,948
- Receivables within one year +€8,966
up €8,966 (+173.0%), from €5,183 to €14,149
of which Trade receivables: +€9,114
- Profit (loss) carried forward +€62,732
new in 2025: €62,732
- Tax, wage and social debts +€15,614
up €15,614 (+102.3%), from €15,256 to €30,870
- Debts after one year -€10,026
down €10,026 (-40.1%), from €25,034 to €15,008
- Gross operating margin +€31,234
up €31,234 (+49.7%), from €62,818 to €94,052
- Depreciation +€4,621
up €4,621 (+58.4%), from €7,919 to €12,540
- Financial charges +€1,731
up €1,731 (+71.2%), from €2,431 to €4,162
- Financial income +€1,382
up €1,382 (+10246.4%), from €13 to €1,396
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 | €139,362 | €207,660 | +€68,298 | +49.0% |
| Fixed assets | 21/28 | €50,740 | €41,504 | -€9,235 | -18.2% |
| Tangible fixed assets | 22/27 | €50,740 | €41,504 | -€9,235 | -18.2% |
| Plant, machinery and equipment | 23 | €1,982 | €3,695 | +€1,713 | +86.4% |
| Furniture and vehicles | 24 | €48,757 | €37,809 | -€10,948 | -22.5% |
| Current assets | 29/58 | €88,622 | €166,156 | +€77,534 | +87.5% |
| Amounts receivable within one year | 40/41 | €5,183 | €14,149 | +€8,966 | +173.0% |
| Trade receivables | 40 | €3,845 | €12,959 | +€9,114 | +237.0% |
| Other amounts receivable | 41 | €1,338 | €1,190 | -€148 | -11.1% |
| Current investments | 50/53 | €53,000 | €63,334 | +€10,334 | +19.5% |
| Cash at bank and in hand | 54/58 | €30,439 | €87,592 | +€57,153 | +187.8% |
| Deferred charges and accrued income | 490/1 | - | €1,081 | +€1,081 | |
| Total equity and liabilities | 10/49 | €139,362 | €207,660 | +€68,298 | +49.0% |
| Equity | 10/15 | €86,775 | €149,507 | +€62,732 | +72.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €84,775 | €84,775 | = | 0.0% |
| Distributable reserves | 133 | €84,775 | €84,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €62,732 | +€62,732 | |
| Amounts payable | 17/49 | €52,587 | €58,153 | +€5,566 | +10.6% |
| Amounts payable after more than one year | 17 | €25,034 | €15,008 | -€10,026 | -40.1% |
| Financial debts | 170/4 | €25,034 | €15,008 | -€10,026 | -40.1% |
| Amounts payable within one year | 42/48 | €27,553 | €43,146 | +€15,593 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €9,580 | €10,026 | +€446 | +4.7% |
| Trade debts | 44 | €1,327 | €1,550 | +€223 | +16.8% |
| Suppliers | 440/4 | €1,327 | €1,550 | +€223 | +16.8% |
| Taxes, remuneration and social security | 45 | €15,256 | €30,870 | +€15,614 | +102.3% |
| Taxes | 450/3 | €15,256 | €30,870 | +€15,614 | +102.3% |
| Other amounts payable | 47/48 | €1,389 | €699 | -€690 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,919 | €12,540 | +€4,621 | +58.4% |
| Other operating charges | 640/8 | €62 | €64 | +€2 | +2.9% |
| Gross operating margin | 9900 | €62,818 | €94,052 | +€31,234 | +49.7% |
| Operating profit (loss) | 9901 | €54,837 | €81,448 | +€26,611 | +48.5% |
| Financial income | 75/76B | €13 | €1,396 | +€1,382 | +10246.4% |
| Recurring financial income | 75 | €13 | €1,396 | +€1,382 | +10246.4% |
| Financial charges | 65/66B | €2,431 | €4,162 | +€1,731 | +71.2% |
| Recurring financial charges | 65 | €2,431 | €4,162 | +€1,731 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €52,419 | €78,682 | +€26,262 | +50.1% |
| Income taxes | 67/77 | €15,256 | €15,949 | +€693 | +4.5% |
| Profit (loss) for the period | 9904 | €37,163 | €62,732 | +€25,569 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,163 | €62,732 | +€25,569 | +68.8% |
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 12 October 2026 via checked.be.