STELLO: 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.
STELLO
Largest movements
- Cash +€46,043
up €46,043 (+55.1%), from €83,496 to €129,539
mainly Net result for the year (+€48,063) and Trade debts (+€737)
- Profit (loss) carried forward +€48,063
up €48,063 (+96.4%), from €49,837 to €97,900
- Tax, wage and social debts -€1,547
down €1,547 (-4.9%), from €31,427 to €29,880
- Gross operating margin -€6,098
down €6,098 (-9.2%), from €66,462 to €60,364
- Taxes -€4,378
down €4,378 (-26.3%), from €16,626 to €12,247
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 | €83,496 | €129,539 | +€46,043 | +55.1% |
| Current assets | 29/58 | €83,496 | €129,539 | +€46,043 | +55.1% |
| Cash at bank and in hand | 54/58 | €83,496 | €129,539 | +€46,043 | +55.1% |
| Total equity and liabilities | 10/49 | €83,496 | €129,539 | +€46,043 | +55.1% |
| Equity | 10/15 | €50,587 | €98,650 | +€48,063 | +95.0% |
| Contributions | 10/11 | €750 | €750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,837 | €97,900 | +€48,063 | +96.4% |
| Amounts payable | 17/49 | €32,909 | €30,889 | -€2,020 | -6.1% |
| Amounts payable within one year | 42/48 | €31,699 | €30,889 | -€809 | -2.6% |
| Trade debts | 44 | €272 | €1,009 | +€737 | +271.2% |
| Suppliers | 440/4 | €272 | €1,009 | +€737 | +271.2% |
| Taxes, remuneration and social security | 45 | €31,427 | €29,880 | -€1,547 | -4.9% |
| Taxes | 450/3 | €31,427 | €29,880 | -€1,547 | -4.9% |
| Accrued charges and deferred income | 492/3 | €1,210 | - | -€1,210 | |
| Gross operating margin | 9900 | €66,462 | €60,364 | -€6,098 | -9.2% |
| Operating profit (loss) | 9901 | €66,462 | €60,364 | -€6,098 | -9.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €54 | +€54 | |
| Recurring financial charges | 65 | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | €66,462 | €60,310 | -€6,152 | -9.3% |
| Income taxes | 67/77 | €16,626 | €12,247 | -€4,378 | -26.3% |
| Profit (loss) for the period | 9904 | €49,837 | €48,063 | -€1,774 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,837 | €48,063 | -€1,774 | -3.6% |
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.