B-Stone: 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.
B-Stone
Largest movements
- Cash +€56,424
up €56,424 (+65.0%), from €86,808 to €143,232
mainly Net result for the year (+€74,908) and Other debts (+€18,828)
- Tangible fixed assets -€9,506
down €9,506 (-14.1%), from €67,475 to €57,969
of which Other tangible fixed assets: -€7,382
- Receivables within one year -€9,051
down €9,051 (-29.0%), from €31,212 to €22,161
of which Other amounts receivable: -€8,693
- Reserves +€24,908
up €24,908 (+20.1%), from €124,205 to €149,113
- Other debts +€18,828
up €18,828, from €0 to €18,828
- Tax, wage and social debts -€4,330
down €4,330 (-30.9%), from €14,014 to €9,684
- Debts after one year -€4,046
down €4,046 (-16.7%), from €24,279 to €20,233
- Gross operating margin +€9,821
up €9,821 (+9.7%), from €101,019 to €110,840
- Taxes +€2,262
up €2,262 (+12.5%), from €18,041 to €20,304
- Depreciation +€1,656
up €1,656 (+15.6%), from €10,589 to €12,246
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 | €186,328 | €223,670 | +€37,341 | +20.0% |
| Fixed assets | 21/28 | €67,475 | €57,969 | -€9,506 | -14.1% |
| Tangible fixed assets | 22/27 | €67,475 | €57,969 | -€9,506 | -14.1% |
| Plant, machinery and equipment | 23 | €2,338 | €1,192 | -€1,146 | -49.0% |
| Furniture and vehicles | 24 | €13,204 | €12,226 | -€978 | -7.4% |
| Other tangible fixed assets | 26 | €51,932 | €44,550 | -€7,382 | -14.2% |
| Current assets | 29/58 | €118,854 | €165,701 | +€46,847 | +39.4% |
| Amounts receivable within one year | 40/41 | €31,212 | €22,161 | -€9,051 | -29.0% |
| Trade receivables | 40 | €20,323 | €19,965 | -€358 | -1.8% |
| Other amounts receivable | 41 | €10,889 | €2,196 | -€8,693 | -79.8% |
| Cash at bank and in hand | 54/58 | €86,808 | €143,232 | +€56,424 | +65.0% |
| Deferred charges and accrued income | 490/1 | €833 | €307 | -€526 | -63.1% |
| Total equity and liabilities | 10/49 | €186,328 | €223,670 | +€37,341 | +20.0% |
| Equity | 10/15 | €142,805 | €167,713 | +€24,908 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,205 | €149,113 | +€24,908 | +20.1% |
| Distributable reserves | 133 | €124,205 | €149,113 | +€24,908 | +20.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,523 | €55,956 | +€12,433 | +28.6% |
| Amounts payable after more than one year | 17 | €24,279 | €20,233 | -€4,046 | -16.7% |
| Financial debts | 170/4 | €24,279 | €20,233 | -€4,046 | -16.7% |
| Amounts payable within one year | 42/48 | €19,032 | €35,723 | +€16,691 | +87.7% |
| Current portion of amounts payable after more than one year | 42 | €3,999 | €4,046 | +€47 | +1.2% |
| Trade debts | 44 | €1,019 | €3,165 | +€2,146 | +211% |
| Suppliers | 440/4 | €1,019 | €3,165 | +€2,146 | +211% |
| Taxes, remuneration and social security | 45 | €14,014 | €9,684 | -€4,330 | -30.9% |
| Taxes | 450/3 | €14,014 | €9,684 | -€4,330 | -30.9% |
| Other amounts payable | 47/48 | €0 | €18,828 | +€18,828 | |
| Accrued charges and deferred income | 492/3 | €212 | €0 | -€212 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,589 | €12,246 | +€1,656 | +15.6% |
| Other operating charges | 640/8 | €1,108 | €960 | -€148 | -13.3% |
| Gross operating margin | 9900 | €101,019 | €110,840 | +€9,821 | +9.7% |
| Operating profit (loss) | 9901 | €89,322 | €97,634 | +€8,313 | +9.3% |
| Financial income | 75/76B | €303 | €159 | -€144 | -47.6% |
| Recurring financial income | 75 | €303 | €159 | -€144 | -47.6% |
| Financial charges | 65/66B | €3,039 | €2,581 | -€458 | -15.1% |
| Recurring financial charges | 65 | €3,039 | €2,581 | -€458 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €86,586 | €95,212 | +€8,626 | +10.0% |
| Income taxes | 67/77 | €18,041 | €20,304 | +€2,262 | +12.5% |
| Profit (loss) for the period | 9904 | €68,544 | €74,908 | +€6,364 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,544 | €74,908 | +€6,364 | +9.3% |
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 15 October 2026 via checked.be.