AD NATURAL STONE & PROJECTS: 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.
AD NATURAL STONE & PROJECTS
Largest movements
- Tangible fixed assets -€9,925
down €9,925 (-14.6%), from €67,793 to €57,867
of which Land and buildings: -€8,353
- Receivables within one year -€9,722
down €9,722 (-94.1%), from €10,333 to €611
of which Trade receivables: -€6,711
- Profit (loss) carried forward -€17,330
down €17,330 (-43.7%), from -€39,687 to -€57,017
- Accrued charges and deferred income -€11,711
down €11,711 (-19.1%), from €61,365 to €49,654
- Other debts +€5,263
up €5,263 (+1.8%), from €290,702 to €295,966
- Gross operating margin -€15,661
down €15,661, from €8,037 to -€7,624
- Taxes -€464
new in 2025: -€464
- Other operating charges -€286
no longer reported in 2025 (was €286)
- Depreciation -€254
down €254 (-2.5%), from €10,180 to €9,925
- Financial income -€237
no longer reported in 2025 (was €237)
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 | €353,546 | €329,357 | -€24,189 | -6.8% |
| Fixed assets | 21/28 | €67,793 | €57,867 | -€9,925 | -14.6% |
| Tangible fixed assets | 22/27 | €67,793 | €57,867 | -€9,925 | -14.6% |
| Land and buildings | 22 | €64,317 | €55,964 | -€8,353 | -13.0% |
| Plant, machinery and equipment | 23 | €2,935 | €1,493 | -€1,442 | -49.1% |
| Furniture and vehicles | 24 | €541 | €411 | -€130 | -24.0% |
| Current assets | 29/58 | €285,753 | €271,490 | -€14,263 | -5.0% |
| Stocks and contracts in progress | 3 | €273,429 | €270,879 | -€2,550 | -0.9% |
| Stocks | 30/36 | €166,059 | €166,059 | = | 0.0% |
| Contracts in progress | 37 | €107,370 | €104,820 | -€2,550 | -2.4% |
| Amounts receivable within one year | 40/41 | €10,333 | €611 | -€9,722 | -94.1% |
| Trade receivables | 40 | €6,711 | - | -€6,711 | |
| Other amounts receivable | 41 | €3,622 | €611 | -€3,011 | -83.1% |
| Cash at bank and in hand | 54/58 | €1,991 | - | -€1,991 | |
| Total equity and liabilities | 10/49 | €353,546 | €329,357 | -€24,189 | -6.8% |
| Equity | 10/15 | €964 | -€16,366 | -€17,330 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28,252 | €28,252 | = | 0.0% |
| Distributable reserves | 133 | €28,252 | €28,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,687 | -€57,017 | -€17,330 | -43.7% |
| Amounts payable | 17/49 | €352,582 | €345,723 | -€6,859 | -1.9% |
| Amounts payable within one year | 42/48 | €291,217 | €296,069 | +€4,852 | +1.7% |
| Financial debts | 43 | - | €103 | +€103 | |
| Other loans | 439 | - | €103 | +€103 | |
| Trade debts | 44 | €50 | - | -€50 | |
| Suppliers | 440/4 | €50 | - | -€50 | |
| Taxes, remuneration and social security | 45 | €464 | - | -€464 | |
| Taxes | 450/3 | €464 | - | -€464 | |
| Other amounts payable | 47/48 | €290,702 | €295,966 | +€5,263 | +1.8% |
| Accrued charges and deferred income | 492/3 | €61,365 | €49,654 | -€11,711 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,180 | €9,925 | -€254 | -2.5% |
| Other operating charges | 640/8 | €286 | - | -€286 | |
| Gross operating margin | 9900 | €8,037 | -€7,624 | -€15,661 | |
| Operating profit (loss) | 9901 | -€2,429 | -€17,550 | -€15,121 | -622% |
| Financial income | 75/76B | €237 | - | -€237 | |
| Recurring financial income | 75 | €237 | - | -€237 | |
| Financial charges | 65/66B | €240 | €244 | +€4 | +1.7% |
| Recurring financial charges | 65 | €240 | €244 | +€4 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,433 | -€17,794 | -€15,361 | -631% |
| Income taxes | 67/77 | - | -€464 | -€464 | |
| Profit (loss) for the period | 9904 | -€2,433 | -€17,330 | -€14,897 | -612% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,433 | -€17,330 | -€14,897 | -612% |
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 25 October 2026 via checked.be.