4STONES: 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.
4STONES
Largest movements
- Cash -€567,496
down €567,496 (-77.3%), from €733,865 to €166,369
mainly Debts after one year (-€670,000) and Receivables within one year (-€62,157)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Receivables within one year +€62,157
up €62,157 (+8,729%), from €712 to €62,869
of which Other amounts receivable: +€45,912
- Intangible fixed assets -€24,659
down €24,659 (-4.8%), from €517,958 to €493,300
- Tangible fixed assets -€23,935
down €23,935 (-5.7%), from €416,579 to €392,645
of which Land and buildings: -€25,259
- Debts after one year -€670,000
down €670,000 (-67.8%), from €988,800 to €318,800
- Trade debts +€28,088
up €28,088 (+750%), from €3,746 to €31,834
- Gross operating margin -€61,504
down €61,504 (-51.9%), from €118,409 to €56,905
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 | €1,769,215 | €1,128,704 | -€640,511 | -36.2% |
| Fixed assets | 21/28 | €934,638 | €886,044 | -€48,593 | -5.2% |
| Intangible fixed assets | 21 | €517,958 | €493,300 | -€24,659 | -4.8% |
| Tangible fixed assets | 22/27 | €416,579 | €392,645 | -€23,935 | -5.7% |
| Land and buildings | 22 | €416,042 | €390,784 | -€25,259 | -6.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €537 | €1,861 | +€1,324 | +247% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €834,577 | €242,660 | -€591,917 | -70.9% |
| Amounts receivable within one year | 40/41 | €712 | €62,869 | +€62,157 | +8,729% |
| Trade receivables | 40 | €182 | €16,426 | +€16,244 | +8,950% |
| Other amounts receivable | 41 | €531 | €46,443 | +€45,912 | +8,654% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €733,865 | €166,369 | -€567,496 | -77.3% |
| Deferred charges and accrued income | 490/1 | - | €13,422 | +€13,422 | |
| Total equity and liabilities | 10/49 | €1,769,215 | €1,128,704 | -€640,511 | -36.2% |
| Equity | 10/15 | €735,244 | €738,055 | +€2,811 | +0.4% |
| Contributions | 10/11 | €758,600 | €758,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,356 | -€20,545 | +€2,811 | +12.0% |
| Amounts payable | 17/49 | €1,033,971 | €390,649 | -€643,322 | -62.2% |
| Amounts payable after more than one year | 17 | €988,800 | €318,800 | -€670,000 | -67.8% |
| Other amounts payable | 178/9 | €988,800 | €318,800 | -€670,000 | -67.8% |
| Amounts payable within one year | 42/48 | €45,171 | €71,849 | +€26,678 | +59.1% |
| Trade debts | 44 | €3,746 | €31,834 | +€28,088 | +750% |
| Suppliers | 440/4 | €3,746 | €31,834 | +€28,088 | +750% |
| Taxes, remuneration and social security | 45 | €616 | €79 | -€538 | -87.3% |
| Taxes | 450/3 | €616 | €79 | -€538 | -87.3% |
| Other amounts payable | 47/48 | €40,809 | €39,937 | -€872 | -2.1% |
| Non-recurring operating income | 76A | €79,802 | €0 | -€79,802 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,566 | €50,802 | +€236 | +0.5% |
| Other operating charges | 640/8 | €11,255 | €10,132 | -€1,123 | -10.0% |
| Gross operating margin | 9900 | €118,409 | €56,905 | -€61,504 | -51.9% |
| Operating profit (loss) | 9901 | €56,588 | -€4,029 | -€60,617 | |
| Financial income | 75/76B | €8,414 | €8,356 | -€58 | -0.7% |
| Recurring financial income | 75 | €8,414 | €8,356 | -€58 | -0.7% |
| Financial charges | 65/66B | €257 | €350 | +€93 | +36.0% |
| Recurring financial charges | 65 | €257 | €350 | +€93 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €64,745 | €3,977 | -€60,767 | -93.9% |
| Income taxes | 67/77 | €977 | €1,166 | +€189 | +19.3% |
| Profit (loss) for the period | 9904 | €63,768 | €2,811 | -€60,956 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,768 | €2,811 | -€60,956 | -95.6% |
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 18 October 2026 via checked.be.