Stellio CSL: 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.
Stellio CSL
Largest movements
- Cash -€267,613
down €267,613 (-84.8%), from €315,604 to €47,991
mainly Receivables within one year (-€193,169) and Net result for the year (-€35,012)
- Receivables within one year +€193,169
up €193,169 (+685%), from €28,213 to €221,382
of which Other amounts receivable: +€216,142
- Tangible fixed assets +€4,137
up €4,137 (+44.4%), from €9,312 to €13,450
- Profit (loss) carried forward -€35,012
down €35,012, from €297 to -€34,714
- Tax, wage and social debts -€34,661
down €34,661 (-33.3%), from €104,170 to €69,509
- Gross operating margin -€282,706
down €282,706, from €254,375 to -€28,331
- Taxes -€69,095
down €69,095 (-99.7%), from €69,302 to €207
- Other operating charges -€14,640
down €14,640 (-79.1%), from €18,515 to €3,875
- Financial income +€10,577
up €10,577 (+22,505%), from €47 to €10,624
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 | €354,178 | €284,986 | -€69,192 | -19.5% |
| Fixed assets | 21/28 | €9,312 | €13,450 | +€4,137 | +44.4% |
| Tangible fixed assets | 22/27 | €9,312 | €13,450 | +€4,137 | +44.4% |
| Furniture and vehicles | 24 | €9,312 | €13,450 | +€4,137 | +44.4% |
| Current assets | 29/58 | €344,866 | €271,537 | -€73,329 | -21.3% |
| Stocks and contracts in progress | 3 | - | €1,424 | +€1,424 | |
| Stocks | 30/36 | - | €1,424 | +€1,424 | |
| Amounts receivable within one year | 40/41 | €28,213 | €221,382 | +€193,169 | +685% |
| Trade receivables | 40 | €26,390 | €3,417 | -€22,973 | -87.1% |
| Other amounts receivable | 41 | €1,823 | €217,965 | +€216,142 | +11,856% |
| Cash at bank and in hand | 54/58 | €315,604 | €47,991 | -€267,613 | -84.8% |
| Deferred charges and accrued income | 490/1 | €1,049 | €740 | -€309 | -29.5% |
| Total equity and liabilities | 10/49 | €354,178 | €284,986 | -€69,192 | -19.5% |
| Equity | 10/15 | €242,499 | €207,487 | -€35,012 | -14.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €239,202 | €239,202 | = | 0.0% |
| Distributable reserves | 133 | €239,202 | €239,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297 | -€34,714 | -€35,012 | |
| Amounts payable | 17/49 | €111,679 | €77,499 | -€34,180 | -30.6% |
| Amounts payable within one year | 42/48 | €111,679 | €77,499 | -€34,180 | -30.6% |
| Financial debts | 43 | €607 | €0 | -€607 | -100% |
| Credit institutions | 430/8 | €607 | €0 | -€607 | -100% |
| Trade debts | 44 | €6,902 | €7,990 | +€1,087 | +15.8% |
| Suppliers | 440/4 | €6,902 | €7,990 | +€1,087 | +15.8% |
| Taxes, remuneration and social security | 45 | €104,170 | €69,509 | -€34,661 | -33.3% |
| Taxes | 450/3 | €104,170 | €69,509 | -€34,661 | -33.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,000 | €10,844 | -€156 | -1.4% |
| Other operating charges | 640/8 | €18,515 | €3,875 | -€14,640 | -79.1% |
| Non-recurring operating charges | 66A | - | €2,204 | +€2,204 | |
| Gross operating margin | 9900 | €254,375 | -€28,331 | -€282,706 | |
| Operating profit (loss) | 9901 | €224,859 | -€45,254 | -€270,114 | |
| Financial income | 75/76B | €47 | €10,624 | +€10,577 | +22,505% |
| Recurring financial income | 75 | €47 | €10,624 | +€10,577 | +22,505% |
| Financial charges | 65/66B | €402 | €175 | -€227 | -56.5% |
| Recurring financial charges | 65 | €402 | €175 | -€227 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €224,504 | -€34,805 | -€259,309 | |
| Income taxes | 67/77 | €69,302 | €207 | -€69,095 | -99.7% |
| Profit (loss) for the period | 9904 | €155,202 | -€35,012 | -€190,214 | |
| Profit (loss) for the period to be appropriated | 9905 | €155,202 | -€35,012 | -€190,214 |
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 15 October 2026 via checked.be.