A&S Stonefish: 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.
A&S Stonefish
Largest movements
- Cash -€40,658
down €40,658 (-43.4%), from €93,775 to €53,117
mainly Short-term financial debts (-€81,038) and Debts after one year (-€24,115)
- Tangible fixed assets -€33,092
down €33,092 (-33.1%), from €99,971 to €66,880
of which Other tangible fixed assets: -€27,801
- Receivables within one year -€17,375
down €17,375 (-13.4%), from €129,308 to €111,933
of which Trade receivables: -€14,608
- Deferred charges and accrued income -€7,280
down €7,280 (-34.3%), from €21,194 to €13,914
- Short-term financial debts -€81,038
down €81,038 (-73.7%), from €110,000 to €28,962
of which Credit institutions: -€75,000
- Profit (loss) carried forward +€39,862
up €39,862, from -€39,862 to €0
- Debts after one year -€24,115
down €24,115 (-39.9%), from €60,369 to €36,253
- Trade debts -€23,179
down €23,179 (-38.9%), from €59,520 to €36,341
- Current portion of long-term debt -€17,728
down €17,728 (-40.8%), from €43,439 to €25,711
- Staff costs -€139,180
down €139,180 (-35.8%), from €388,371 to €249,192
- Gross operating margin -€54,919
down €54,919 (-12.9%), from €426,801 to €371,882
- Taxes +€17,537
up €17,537 (+461%), from €3,803 to €21,340
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 | €347,611 | €245,844 | -€101,767 | -29.3% |
| Fixed assets | 21/28 | €103,334 | €66,880 | -€36,455 | -35.3% |
| Tangible fixed assets | 22/27 | €99,971 | €66,880 | -€33,092 | -33.1% |
| Plant, machinery and equipment | 23 | €8,016 | €4,705 | -€3,312 | -41.3% |
| Furniture and vehicles | 24 | €2,510 | €531 | -€1,979 | -78.9% |
| Other tangible fixed assets | 26 | €89,445 | €61,644 | -€27,801 | -31.1% |
| Financial fixed assets | 28 | €3,363 | €0 | -€3,363 | -100% |
| Current assets | 29/58 | €244,277 | €178,964 | -€65,313 | -26.7% |
| Amounts receivable within one year | 40/41 | €129,308 | €111,933 | -€17,375 | -13.4% |
| Trade receivables | 40 | €123,149 | €108,541 | -€14,608 | -11.9% |
| Other amounts receivable | 41 | €6,159 | €3,392 | -€2,767 | -44.9% |
| Cash at bank and in hand | 54/58 | €93,775 | €53,117 | -€40,658 | -43.4% |
| Deferred charges and accrued income | 490/1 | €21,194 | €13,914 | -€7,280 | -34.3% |
| Total equity and liabilities | 10/49 | €347,611 | €245,844 | -€101,767 | -29.3% |
| Equity | 10/15 | -€9,862 | €30,710 | +€40,572 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | - | €710 | +€710 | |
| Distributable reserves | 133 | - | €710 | +€710 | |
| Profit (loss) carried forward | 14 | -€39,862 | €0 | +€39,862 | |
| Amounts payable | 17/49 | €357,473 | €215,134 | -€142,340 | -39.8% |
| Amounts payable after more than one year | 17 | €60,369 | €36,253 | -€24,115 | -39.9% |
| Financial debts | 170/4 | €60,369 | €36,253 | -€24,115 | -39.9% |
| Amounts payable within one year | 42/48 | €297,104 | €178,880 | -€118,224 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €43,439 | €25,711 | -€17,728 | -40.8% |
| Financial debts | 43 | €110,000 | €28,962 | -€81,038 | -73.7% |
| Credit institutions | 430/8 | €75,000 | €0 | -€75,000 | -100% |
| Other loans | 439 | €35,000 | €28,962 | -€6,038 | -17.3% |
| Trade debts | 44 | €59,520 | €36,341 | -€23,179 | -38.9% |
| Suppliers | 440/4 | €59,520 | €36,341 | -€23,179 | -38.9% |
| Advances received on contracts in progress | 46 | - | €387 | +€387 | |
| Taxes, remuneration and social security | 45 | €84,146 | €78,980 | -€5,166 | -6.1% |
| Taxes | 450/3 | €48,618 | €55,386 | +€6,768 | +13.9% |
| Remuneration and social security | 454/9 | €35,528 | €23,594 | -€11,934 | -33.6% |
| Other amounts payable | 47/48 | €0 | €8,500 | +€8,500 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €3,593 | €991 | -€2,603 | -72.4% |
| Remuneration, social security and pensions | 62 | €388,371 | €249,192 | -€139,180 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,805 | €33,149 | -€1,656 | -4.8% |
| Other operating charges | 640/8 | €4,399 | €2,528 | -€1,871 | -42.5% |
| Non-recurring operating charges | 66A | €5,056 | €4,357 | -€699 | -13.8% |
| Gross operating margin | 9900 | €426,801 | €371,882 | -€54,919 | -12.9% |
| Operating profit (loss) | 9901 | -€5,830 | €82,656 | +€88,486 | |
| Financial income | 75/76B | €289 | €1,069 | +€781 | +270% |
| Recurring financial income | 75 | €289 | €1,069 | +€781 | +270% |
| Financial charges | 65/66B | €9,589 | €13,313 | +€3,724 | +38.8% |
| Recurring financial charges | 65 | €9,589 | €13,313 | +€3,724 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,130 | €70,412 | +€85,542 | |
| Income taxes | 67/77 | €3,803 | €21,340 | +€17,537 | +461% |
| Profit (loss) for the period | 9904 | -€18,933 | €49,072 | +€68,005 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,933 | €49,072 | +€68,005 |
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 31 October 2026 via checked.be.