STELLENS: 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.
STELLENS
Largest movements
- Cash +€31,910
up €31,910 (+63.7%), from €50,064 to €81,974
mainly Net result for the year (+€47,089) and Receivables within one year (+€6,984)
- Receivables within one year -€6,984
down €6,984 (-52.9%), from €13,195 to €6,211
of which Trade receivables: -€6,487
- Profit (loss) carried forward +€28,803
up €28,803 (+59.7%), from €48,215 to €77,018
- Tax, wage and social debts -€3,742
down €3,742 (-49.1%), from €7,616 to €3,874
- Contributions -€2,000
down €2,000 (-50.0%), from €4,000 to €2,000
- Other debts +€1,350
up €1,350 (+26.3%), from €5,134 to €6,484
- Purchases and services -€59,233
down €59,233 (-58.9%), from €100,544 to €41,311
- Gross operating margin +€51,065
up €51,065 (+307%), from €16,653 to €67,718
- Taxes +€13,963
up €13,963 (+298%), from €4,692 to €18,655
- Turnover -€3,168
down €3,168 (-2.8%), from €112,197 to €109,029
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 | €65,365 | €89,630 | +€24,265 | +37.1% |
| Fixed assets | 21/28 | €2,106 | €1,445 | -€661 | -31.4% |
| Tangible fixed assets | 22/27 | €2,106 | €1,445 | -€661 | -31.4% |
| Plant, machinery and equipment | 23 | €2,106 | €1,445 | -€661 | -31.4% |
| Current assets | 29/58 | €63,259 | €88,185 | +€24,926 | +39.4% |
| Amounts receivable within one year | 40/41 | €13,195 | €6,211 | -€6,984 | -52.9% |
| Trade receivables | 40 | €12,698 | €6,211 | -€6,487 | -51.1% |
| Other amounts receivable | 41 | €497 | - | -€497 | |
| Cash at bank and in hand | 54/58 | €50,064 | €81,974 | +€31,910 | +63.7% |
| Total equity and liabilities | 10/49 | €65,365 | €89,630 | +€24,265 | +37.1% |
| Equity | 10/15 | €52,615 | €79,218 | +€26,603 | +50.6% |
| Contributions | 10/11 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Reserves | 13 | €400 | €200 | -€200 | -50.0% |
| Non-distributable reserves | 130/1 | €400 | €200 | -€200 | -50.0% |
| Reserves not available under the articles | 1311 | €400 | €200 | -€200 | -50.0% |
| Profit (loss) carried forward | 14 | €48,215 | €77,018 | +€28,803 | +59.7% |
| Amounts payable | 17/49 | €12,750 | €10,412 | -€2,338 | -18.3% |
| Amounts payable within one year | 42/48 | €12,750 | €10,412 | -€2,338 | -18.3% |
| Trade debts | 44 | - | €54 | +€54 | |
| Suppliers | 440/4 | - | €54 | +€54 | |
| Taxes, remuneration and social security | 45 | €7,616 | €3,874 | -€3,742 | -49.1% |
| Taxes | 450/3 | €7,616 | €3,874 | -€3,742 | -49.1% |
| Other amounts payable | 47/48 | €5,134 | €6,484 | +€1,350 | +26.3% |
| Turnover | 70 | €112,197 | €109,029 | -€3,168 | -2.8% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €100,544 | €41,311 | -€59,233 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €661 | +€79 | +13.6% |
| Other operating charges | 640/8 | - | €1,019 | +€1,019 | |
| Gross operating margin | 9900 | €16,653 | €67,718 | +€51,065 | +307% |
| Operating profit (loss) | 9901 | €16,071 | €66,038 | +€49,967 | +311% |
| Financial charges | 65/66B | €1,069 | €294 | -€775 | -72.5% |
| Recurring financial charges | 65 | €1,069 | €294 | -€775 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €15,002 | €65,744 | +€50,742 | +338% |
| Income taxes | 67/77 | €4,692 | €18,655 | +€13,963 | +298% |
| Profit (loss) for the period | 9904 | €10,310 | €47,089 | +€36,779 | +357% |
| Profit (loss) for the period to be appropriated | 9905 | €10,310 | €47,089 | +€36,779 | +357% |
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 16 October 2026 via checked.be.