BeLuxStone: what changed
Two fiscal 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.
BeLuxStone
Largest movements
- Stocks and contracts +€560,000
up €560,000 (+142.5%), from €393,000 to €953,000
- Receivables within one year +€109,216
up €109,216 (+54.4%), from €200,710 to €309,926
of which Trade receivables: +€95,468
- Cash -€49,359
down €49,359 (-44.1%), from €111,933 to €62,574
mainly Stocks and contracts (-€560,000) and Receivables within one year (-€109,216)
- Tangible fixed assets -€19,592
down €19,592 (-33.0%), from €59,420 to €39,828
of which Furniture and vehicles: -€17,817
- Other debts +€622,304
up €622,304 (+337.9%), from €184,181 to €806,485
- Reserves +€71,000
up €71,000 (+41.6%), from €170,542 to €241,542
- Trade debts -€61,401
down €61,401 (-34.9%), from €175,895 to €114,494
- Debts after one year -€14,237
down €14,237 (-36.3%), from €39,231 to €24,994
- Other operating charges -€46,278
down €46,278 (-96.9%), from €47,735 to €1,456
- Staff costs +€24,814
up €24,814 (+60.4%), from €41,097 to €65,911
- Gross operating margin +€18,428
up €18,428 (+9.8%), from €187,291 to €205,719
- Taxes +€10,593
up €10,593 (+43.3%), from €24,439 to €35,032
- Financial charges +€3,574
up €3,574 (+49.9%), from €7,164 to €10,738
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.
Cash bridge derived
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 | €765,526 | €1,367,050 | +€601,523 | +78.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €59,420 | €39,828 | -€19,592 | -33.0% |
| Tangible fixed assets | 22/27 | €59,420 | €39,828 | -€19,592 | -33.0% |
| Plant, machinery and equipment | 23 | €2,784 | €1,009 | -€1,775 | -63.8% |
| Furniture and vehicles | 24 | €56,637 | €38,819 | -€17,817 | -31.5% |
| Current assets | 29/58 | €706,106 | €1,327,222 | +€621,115 | +88.0% |
| Stocks and contracts in progress | 3 | €393,000 | €953,000 | +€560,000 | +142.5% |
| Stocks | 30/36 | €393,000 | €953,000 | +€560,000 | +142.5% |
| Amounts receivable within one year | 40/41 | €200,710 | €309,926 | +€109,216 | +54.4% |
| Trade receivables | 40 | €178,253 | €273,721 | +€95,468 | +53.6% |
| Other amounts receivable | 41 | €22,456 | €36,205 | +€13,748 | +61.2% |
| Cash at bank and in hand | 54/58 | €111,933 | €62,574 | -€49,359 | -44.1% |
| Deferred charges and accrued income | 490/1 | €464 | €1,722 | +€1,259 | +271.6% |
| Total equity and liabilities | 10/49 | €765,526 | €1,367,050 | +€601,523 | +78.6% |
| Equity | 10/15 | €217,225 | €289,238 | +€72,013 | +33.2% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €170,542 | €241,542 | +€71,000 | +41.6% |
| Distributable reserves | 133 | €170,542 | €241,542 | +€71,000 | +41.6% |
| Profit (loss) carried forward | 14 | €38,623 | €39,636 | +€1,013 | +2.6% |
| Amounts payable | 17/49 | €548,301 | €1,077,812 | +€529,511 | +96.6% |
| Amounts payable after more than one year | 17 | €39,231 | €24,994 | -€14,237 | -36.3% |
| Financial debts | 170/4 | €39,231 | €24,994 | -€14,237 | -36.3% |
| Amounts payable within one year | 42/48 | €509,070 | €1,052,818 | +€543,748 | +106.8% |
| Current portion of amounts payable after more than one year | 42 | €21,151 | €14,237 | -€6,913 | -32.7% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €175,895 | €114,494 | -€61,401 | -34.9% |
| Suppliers | 440/4 | €175,895 | €114,494 | -€61,401 | -34.9% |
| Taxes, remuneration and social security | 45 | €67,843 | €57,601 | -€10,242 | -15.1% |
| Taxes | 450/3 | €61,239 | €51,859 | -€9,380 | -15.3% |
| Remuneration and social security | 454/9 | €6,604 | €5,742 | -€862 | -13.1% |
| Other amounts payable | 47/48 | €184,181 | €806,485 | +€622,304 | +337.9% |
| Remuneration, social security and pensions | 62 | €41,097 | €65,911 | +€24,814 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,737 | €20,573 | -€164 | -0.8% |
| Other operating charges | 640/8 | €47,735 | €1,456 | -€46,278 | -96.9% |
| Non-recurring operating charges | 66A | €413 | - | -€413 | |
| Gross operating margin | 9900 | €187,291 | €205,719 | +€18,428 | +9.8% |
| Operating profit (loss) | 9901 | €77,309 | €117,778 | +€40,469 | +52.3% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €7,164 | €10,738 | +€3,574 | +49.9% |
| Recurring financial charges | 65 | €7,164 | €10,738 | +€3,574 | +49.9% |
| Profit (loss) for the period before taxes | 9903 | €70,145 | €107,044 | +€36,899 | +52.6% |
| Income taxes | 67/77 | €24,439 | €35,032 | +€10,593 | +43.3% |
| Profit (loss) for the period | 9904 | €45,707 | €72,013 | +€26,306 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,707 | €72,013 | +€26,306 | +57.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.