STTELLLA: 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.
STTELLLA
Largest movements
- Cash +€21,965
up €21,965 (+48.0%), from €45,743 to €67,708
mainly Current investments (+€20,133) and Accrued charges and deferred income (+€11,940)
- Current investments -€20,133
down €20,133 (-97.8%), from €20,584 to €451
- Receivables within one year +€19,913
up €19,913 (+640%), from €3,113 to €23,026
of which Trade receivables: +€20,078
- Accrued charges and deferred income +€11,940
new in 2025: €11,940
- Reserves +€5,075
up €5,075 (+18.4%), from €27,523 to €32,597
- Tax, wage and social debts +€4,445
up €4,445 (+356%), from €1,250 to €5,695
- Gross operating margin +€5,613
up €5,613 (+471%), from €1,192 to €6,804
- Taxes +€477
up €477 (+3,100%), from €15 to €492
- Financial income +€78
up €78 (+102%), from €76 to €154
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 | €72,008 | €93,853 | +€21,846 | +30.3% |
| Fixed assets | 21/28 | €364 | €364 | = | 0.0% |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €71,643 | €93,489 | +€21,846 | +30.5% |
| Amounts receivable within one year | 40/41 | €3,113 | €23,026 | +€19,913 | +640% |
| Trade receivables | 40 | €2,949 | €23,026 | +€20,078 | +681% |
| Other amounts receivable | 41 | €164 | - | -€164 | |
| Current investments | 50/53 | €20,584 | €451 | -€20,133 | -97.8% |
| Cash at bank and in hand | 54/58 | €45,743 | €67,708 | +€21,965 | +48.0% |
| Deferred charges and accrued income | 490/1 | €2,204 | €2,305 | +€100 | +4.6% |
| Total equity and liabilities | 10/49 | €72,008 | €93,853 | +€21,846 | +30.3% |
| Equity | 10/15 | €68,648 | €73,722 | +€5,075 | +7.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,523 | €32,597 | +€5,075 | +18.4% |
| Distributable reserves | 133 | €27,523 | €32,597 | +€5,075 | +18.4% |
| Profit (loss) carried forward | 14 | €34,925 | €34,925 | = | 0.0% |
| Amounts payable | 17/49 | €3,360 | €20,131 | +€16,771 | +499% |
| Amounts payable within one year | 42/48 | €3,360 | €8,190 | +€4,831 | +144% |
| Trade debts | 44 | €551 | - | -€551 | |
| Suppliers | 440/4 | €551 | - | -€551 | |
| Taxes, remuneration and social security | 45 | €1,250 | €5,695 | +€4,445 | +356% |
| Taxes | 450/3 | €1,250 | €5,695 | +€4,445 | +356% |
| Other amounts payable | 47/48 | €1,559 | €2,496 | +€937 | +60.1% |
| Accrued charges and deferred income | 492/3 | - | €11,940 | +€11,940 | |
| Other operating charges | 640/8 | €967 | €932 | -€35 | -3.6% |
| Gross operating margin | 9900 | €1,192 | €6,804 | +€5,613 | +471% |
| Operating profit (loss) | 9901 | €225 | €5,872 | +€5,647 | +2,513% |
| Financial income | 75/76B | €76 | €154 | +€78 | +102% |
| Recurring financial income | 75 | €76 | €154 | +€78 | +102% |
| Financial charges | 65/66B | €478 | €459 | -€19 | -3.9% |
| Recurring financial charges | 65 | €478 | €459 | -€19 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€177 | €5,567 | +€5,744 | |
| Income taxes | 67/77 | €15 | €492 | +€477 | +3,100% |
| Profit (loss) for the period | 9904 | -€193 | €5,075 | +€5,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€193 | €5,075 | +€5,267 |
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 19 October 2026 via checked.be.