STELO: 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.
STELO
Largest movements
- Receivables within one year -€43,728
down €43,728 (-44.6%), from €98,072 to €54,344
of which Other amounts receivable: -€44,100
- Tax, wage and social debts -€51,721
down €51,721 (-62.8%), from €82,416 to €30,695
of which Taxes: -€38,947
- Trade debts +€6,203
up €6,203 (+106.9%), from €5,805 to €12,008
- Profit (loss) carried forward +€1,608
up €1,608 (+94.5%), from -€1,702 to -€94
- Staff costs +€12,743
up €12,743 (+5.0%), from €255,887 to €268,630
- Provisions -€10,000
new in 2025: -€10,000
- Gross operating margin +€6,071
up €6,071 (+2.4%), from €254,800 to €260,871
- Purchases and services -€3,071
down €3,071 (-27.4%), from €11,200 to €8,129
- Turnover +€3,000
up €3,000 (+1.1%), from €266,000 to €269,000
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 | €98,304 | €54,394 | -€43,910 | -44.7% |
| Current assets | 29/58 | €98,304 | €54,394 | -€43,910 | -44.7% |
| Amounts receivable within one year | 40/41 | €98,072 | €54,344 | -€43,728 | -44.6% |
| Trade receivables | 40 | €53,972 | €54,344 | +€372 | +0.7% |
| Other amounts receivable | 41 | €44,100 | - | -€44,100 | |
| Cash at bank and in hand | 54/58 | €232 | €50 | -€182 | -78.4% |
| Total equity and liabilities | 10/49 | €98,304 | €54,394 | -€43,910 | -44.7% |
| Equity | 10/15 | €10,083 | €11,691 | +€1,608 | +15.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €11,685 | €11,685 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €10 | +€10 | |
| Reserves not available under the articles | 1311 | - | €10 | +€10 | |
| Distributable reserves | 133 | €11,685 | €11,675 | -€10 | -0.1% |
| Profit (loss) carried forward | 14 | -€1,702 | -€94 | +€1,608 | +94.5% |
| Amounts payable | 17/49 | €88,221 | €42,703 | -€45,518 | -51.6% |
| Amounts payable within one year | 42/48 | €88,221 | €42,703 | -€45,518 | -51.6% |
| Trade debts | 44 | €5,805 | €12,008 | +€6,203 | +106.9% |
| Suppliers | 440/4 | €5,805 | €12,008 | +€6,203 | +106.9% |
| Taxes, remuneration and social security | 45 | €82,416 | €30,695 | -€51,721 | -62.8% |
| Taxes | 450/3 | €44,344 | €5,397 | -€38,947 | -87.8% |
| Remuneration and social security | 454/9 | €38,072 | €25,298 | -€12,774 | -33.6% |
| Turnover | 70 | €266,000 | €269,000 | +€3,000 | +1.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,200 | €8,129 | -€3,071 | -27.4% |
| Remuneration, social security and pensions | 62 | €255,887 | €268,630 | +€12,743 | +5.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €985 | €558 | -€427 | -43.4% |
| Gross operating margin | 9900 | €254,800 | €260,871 | +€6,071 | +2.4% |
| Operating profit (loss) | 9901 | -€2,072 | €1,683 | +€3,755 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €50 | €85 | +€35 | +70.0% |
| Recurring financial charges | 65 | €50 | €85 | +€35 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,122 | €1,608 | +€3,730 | |
| Income taxes | 67/77 | €360 | - | -€360 | |
| Profit (loss) for the period | 9904 | -€2,482 | €1,608 | +€4,090 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,482 | €1,608 | +€4,090 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.