BELGIAN STONE DESIGN: 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.
BELGIAN STONE DESIGN
Largest movements
- Receivables within one year -€58,334
down €58,334 (-14.4%), from €404,701 to €346,366
of which Trade receivables: -€66,960
- Cash -€44,485
down €44,485 (-59.7%), from €74,509 to €30,024
mainly Net result for the year (-€79,943) and Investment in fixed assets (net) (-€35,101)
- Tangible fixed assets -€34,641
down €34,641 (-9.0%), from €383,727 to €349,086
of which Plant, machinery and equipment: -€50,710
- Stocks and contracts +€11,638
up €11,638 (+4.7%), from €245,627 to €257,264
of which Stocks: +€6,733
- Profit (loss) carried forward -€79,943
new in 2025: -€79,943
- Debts after one year -€25,654
down €25,654 (-8.9%), from €287,094 to €261,441
- Trade debts -€24,185
down €24,185 (-12.0%), from €202,149 to €177,964
- Other debts +€13,789
up €13,789 (+19.0%), from €72,490 to €86,279
- Gross operating margin -€121,308
down €121,308 (-34.4%), from €353,018 to €231,709
- Staff costs -€23,813
down €23,813 (-10.3%), from €230,986 to €207,174
- Depreciation -€6,506
down €6,506 (-8.4%), from €77,464 to €70,959
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 | €1,120,528 | €989,704 | -€130,824 | -11.7% |
| Fixed assets | 21/28 | €388,962 | €353,104 | -€35,857 | -9.2% |
| Intangible fixed assets | 21 | €5,179 | €3,963 | -€1,216 | -23.5% |
| Tangible fixed assets | 22/27 | €383,727 | €349,086 | -€34,641 | -9.0% |
| Plant, machinery and equipment | 23 | €376,062 | €325,353 | -€50,710 | -13.5% |
| Furniture and vehicles | 24 | €7,665 | €23,733 | +€16,069 | +210% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €731,567 | €636,600 | -€94,966 | -13.0% |
| Stocks and contracts in progress | 3 | €245,627 | €257,264 | +€11,638 | +4.7% |
| Stocks | 30/36 | €213,667 | €220,400 | +€6,733 | +3.2% |
| Contracts in progress | 37 | €31,959 | €36,864 | +€4,905 | +15.3% |
| Amounts receivable within one year | 40/41 | €404,701 | €346,366 | -€58,334 | -14.4% |
| Trade receivables | 40 | €395,901 | €328,940 | -€66,960 | -16.9% |
| Other amounts receivable | 41 | €8,800 | €17,426 | +€8,626 | +98.0% |
| Cash at bank and in hand | 54/58 | €74,509 | €30,024 | -€44,485 | -59.7% |
| Deferred charges and accrued income | 490/1 | €6,730 | €2,945 | -€3,785 | -56.2% |
| Total equity and liabilities | 10/49 | €1,120,528 | €989,704 | -€130,824 | -11.7% |
| Equity | 10/15 | €359,183 | €279,240 | -€79,943 | -22.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €59,183 | €59,183 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €29,183 | €29,183 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€79,943 | -€79,943 | |
| Amounts payable | 17/49 | €761,345 | €710,465 | -€50,881 | -6.7% |
| Amounts payable after more than one year | 17 | €287,094 | €261,441 | -€25,654 | -8.9% |
| Financial debts | 170/4 | €287,094 | €261,441 | -€25,654 | -8.9% |
| Amounts payable within one year | 42/48 | €473,803 | €449,024 | -€24,779 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €58,760 | €50,128 | -€8,632 | -14.7% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €202,149 | €177,964 | -€24,185 | -12.0% |
| Suppliers | 440/4 | €202,149 | €177,964 | -€24,185 | -12.0% |
| Taxes, remuneration and social security | 45 | €15,404 | €9,653 | -€5,751 | -37.3% |
| Taxes | 450/3 | €5,857 | €2,869 | -€2,988 | -51.0% |
| Remuneration and social security | 454/9 | €9,548 | €6,784 | -€2,763 | -28.9% |
| Other amounts payable | 47/48 | €72,490 | €86,279 | +€13,789 | +19.0% |
| Accrued charges and deferred income | 492/3 | €448 | €0 | -€448 | -100% |
| Remuneration, social security and pensions | 62 | €230,986 | €207,174 | -€23,813 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,464 | €70,959 | -€6,506 | -8.4% |
| Other operating charges | 640/8 | €19,786 | €20,628 | +€842 | +4.3% |
| Gross operating margin | 9900 | €353,018 | €231,709 | -€121,308 | -34.4% |
| Operating profit (loss) | 9901 | €24,781 | -€67,051 | -€91,832 | |
| Financial income | 75/76B | €498 | €3,897 | +€3,399 | +682% |
| Recurring financial income | 75 | €498 | €3,897 | +€3,399 | +682% |
| Financial charges | 65/66B | €18,206 | €16,570 | -€1,636 | -9.0% |
| Recurring financial charges | 65 | €18,206 | €16,570 | -€1,636 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €7,073 | -€79,724 | -€86,797 | |
| Income taxes | 67/77 | €2,083 | €219 | -€1,864 | -89.5% |
| Profit (loss) for the period | 9904 | €4,990 | -€79,943 | -€84,934 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,990 | -€79,943 | -€84,934 |
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 23 October 2026 via checked.be.