STELLIS: what changed
Two fiscal 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.
STELLIS
Largest movements
- Financial fixed assets -€112,500
no longer reported in 2025 (was €112,500)
- Tangible fixed assets -€13,871
down €13,871 (-9.6%), from €144,266 to €130,395
- Other debts -€136,118
down €136,118 (-58.7%), from €231,714 to €95,596
- Profit (loss) carried forward +€15,959
up €15,959 (+9.0%), from -€177,245 to -€161,286
- Taxes -€3,000
down €3,000, from €511 to -€2,489
- Gross operating margin +€2,153
up €2,153 (+8.0%), from €26,978 to €29,131
- Depreciation -€1,635
down €1,635 (-10.5%), from €15,506 to €13,871
- Other operating charges +€751
up €751 (+20.6%), from €3,647 to €4,398
- Financial income +€500
up €500 (+22.7%), from €2,202 to €2,702
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 | €391,967 | €267,531 | -€124,436 | -31.7% |
| Fixed assets | 21/28 | €256,766 | €130,395 | -€126,371 | -49.2% |
| Tangible fixed assets | 22/27 | €144,266 | €130,395 | -€13,871 | -9.6% |
| Land and buildings | 22 | €105,596 | €99,282 | -€6,314 | -6.0% |
| Plant, machinery and equipment | 23 | €965 | €193 | -€772 | -80.0% |
| Furniture and vehicles | 24 | €8,509 | €7,537 | -€972 | -11.4% |
| Other tangible fixed assets | 26 | €29,196 | €23,383 | -€5,813 | -19.9% |
| Financial fixed assets | 28 | €112,500 | - | -€112,500 | |
| Current assets | 29/58 | €135,201 | €137,136 | +€1,935 | +1.4% |
| Amounts receivable within one year | 40/41 | - | €59 | +€59 | |
| Other amounts receivable | 41 | - | €59 | +€59 | |
| Current investments | 50/53 | €122,691 | €122,691 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,510 | €14,386 | +€1,876 | +15.0% |
| Total equity and liabilities | 10/49 | €391,967 | €267,531 | -€124,436 | -31.7% |
| Equity | 10/15 | €153,649 | €169,608 | +€15,959 | +10.4% |
| Contributions | 10/11 | €300,447 | €300,447 | = | 0.0% |
| Capital | 10 | €300,447 | €300,447 | = | 0.0% |
| Issued capital | 100 | €300,447 | €300,447 | = | 0.0% |
| Reserves | 13 | €30,447 | €30,447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,447 | €30,447 | = | 0.0% |
| Legal reserve | 130 | €30,447 | €30,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€177,245 | -€161,286 | +€15,959 | +9.0% |
| Amounts payable | 17/49 | €238,318 | €97,923 | -€140,395 | -58.9% |
| Amounts payable within one year | 42/48 | €238,318 | €96,323 | -€141,995 | -59.6% |
| Financial debts | 43 | €2,986 | - | -€2,986 | |
| Credit institutions | 430/8 | €2,986 | - | -€2,986 | |
| Trade debts | 44 | €2,830 | - | -€2,830 | |
| Suppliers | 440/4 | €2,830 | - | -€2,830 | |
| Taxes, remuneration and social security | 45 | €788 | €727 | -€61 | -7.7% |
| Taxes | 450/3 | €788 | €727 | -€61 | -7.7% |
| Other amounts payable | 47/48 | €231,714 | €95,596 | -€136,118 | -58.7% |
| Accrued charges and deferred income | 492/3 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,506 | €13,871 | -€1,635 | -10.5% |
| Other operating charges | 640/8 | €3,647 | €4,398 | +€751 | +20.6% |
| Gross operating margin | 9900 | €26,978 | €29,131 | +€2,153 | +8.0% |
| Operating profit (loss) | 9901 | €7,825 | €10,862 | +€3,037 | +38.8% |
| Financial income | 75/76B | €2,202 | €2,702 | +€500 | +22.7% |
| Recurring financial income | 75 | €2,202 | €2,702 | +€500 | +22.7% |
| Financial charges | 65/66B | €249 | €94 | -€155 | -62.2% |
| Recurring financial charges | 65 | €249 | €94 | -€155 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €9,778 | €13,470 | +€3,692 | +37.8% |
| Income taxes | 67/77 | €511 | -€2,489 | -€3,000 | |
| Profit (loss) for the period | 9904 | €9,267 | €15,959 | +€6,692 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,267 | €15,959 | +€6,692 | +72.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.