Stella: 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.
Stella
Largest movements
- Tangible fixed assets -€1,525
down €1,525 (-100%), from €1,525 to €0
- Stocks and contracts -€1,466
no longer reported in 2025 (was €1,466)
- Cash -€1,328
no longer reported in 2025 (was €1,328)
mainly Trade debts (-€4,904) and Tax, wage and social debts (-€4,641)
- Receivables within one year +€299
new in 2025: €299
- Financial fixed assets -€135
down €135 (-50.0%), from €270 to €135
- Other debts +€8,693
up €8,693 (+659%), from €1,319 to €10,012
- Trade debts -€4,904
no longer reported in 2025 (was €4,904)
- Tax, wage and social debts -€4,641
down €4,641 (-99.8%), from €4,648 to €7
- Profit (loss) carried forward -€3,380
down €3,380 (-23.6%), from -€14,338 to -€17,718
- Short-term financial debts +€77
new in 2025: €77
- Financial income -€23,765
down €23,765 (-98.0%), from €24,259 to €494
of which Financial income: -€23,765
- Gross operating margin -€7,521
down €7,521, from €6,345 to -€1,176
- Financial charges -€1,228
down €1,228 (-51.1%), from €2,402 to €1,174
- Depreciation -€923
down €923 (-56.6%), from €1,630 to €707
- Other operating charges -€666
no longer reported in 2025 (was €666)
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 | €4,589 | €434 | -€4,155 | -90.5% |
| Fixed assets | 21/28 | €1,795 | €135 | -€1,660 | -92.5% |
| Tangible fixed assets | 22/27 | €1,525 | €0 | -€1,525 | -100% |
| Plant, machinery and equipment | 23 | €1,525 | €0 | -€1,525 | -100% |
| Financial fixed assets | 28 | €270 | €135 | -€135 | -50.0% |
| Current assets | 29/58 | €2,794 | €299 | -€2,495 | -89.3% |
| Stocks and contracts in progress | 3 | €1,466 | - | -€1,466 | |
| Stocks | 30/36 | €1,466 | - | -€1,466 | |
| Amounts receivable within one year | 40/41 | - | €299 | +€299 | |
| Other amounts receivable | 41 | - | €299 | +€299 | |
| Cash at bank and in hand | 54/58 | €1,328 | - | -€1,328 | |
| Total equity and liabilities | 10/49 | €4,589 | €434 | -€4,155 | -90.5% |
| Equity | 10/15 | -€6,282 | -€9,662 | -€3,380 | -53.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,338 | -€17,718 | -€3,380 | -23.6% |
| Amounts payable | 17/49 | €10,871 | €10,096 | -€775 | -7.1% |
| Amounts payable within one year | 42/48 | €10,871 | €10,096 | -€775 | -7.1% |
| Financial debts | 43 | - | €77 | +€77 | |
| Credit institutions | 430/8 | - | €77 | +€77 | |
| Trade debts | 44 | €4,904 | - | -€4,904 | |
| Suppliers | 440/4 | €4,904 | - | -€4,904 | |
| Taxes, remuneration and social security | 45 | €4,648 | €7 | -€4,641 | -99.8% |
| Taxes | 450/3 | €4,648 | €7 | -€4,641 | -99.8% |
| Other amounts payable | 47/48 | €1,319 | €10,012 | +€8,693 | +659% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,630 | €707 | -€923 | -56.6% |
| Other operating charges | 640/8 | €666 | - | -€666 | |
| Non-recurring operating charges | 66A | €624 | €818 | +€194 | +31.1% |
| Gross operating margin | 9900 | €6,345 | -€1,176 | -€7,521 | |
| Operating profit (loss) | 9901 | €3,425 | -€2,701 | -€6,126 | |
| Financial income | 75/76B | €24,259 | €494 | -€23,765 | -98.0% |
| Recurring financial income | 75 | €24,259 | €494 | -€23,765 | -98.0% |
| Non-recurring financial income | 76B | €24,259 | €494 | -€23,765 | -98.0% |
| Financial charges | 65/66B | €2,402 | €1,174 | -€1,228 | -51.1% |
| Recurring financial charges | 65 | €2,402 | €1,174 | -€1,228 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €25,282 | -€3,381 | -€28,663 | |
| Profit (loss) for the period | 9904 | €25,282 | -€3,381 | -€28,663 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,282 | -€3,381 | -€28,663 |
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 29 October 2026 via checked.be.