CeraStone: 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.
CeraStone
Largest movements
- Cash +€237,042
up €237,042 (+908.6%), from €26,088 to €263,130
mainly Net result for the year (+€140,237) and Trade debts (+€61,315)
- Tangible fixed assets -€46,087
down €46,087 (-21.0%), from €219,648 to €173,561
of which Furniture and vehicles: -€36,302
- Stocks and contracts +€25,684
up €25,684 (+100.4%), from €25,573 to €51,257
- Receivables within one year -€12,678
down €12,678 (-19.8%), from €63,904 to €51,226
of which Trade receivables: -€7,647
- Reserves +€76,029
up €76,029 (+68.5%), from €110,939 to €186,968
of which Distributable reserves: +€76,029
- Profit (loss) carried forward +€64,208
no longer reported in 2025 (was -€64,208)
- Trade debts +€61,315
up €61,315 (+309.1%), from €19,838 to €81,153
- Current portion of long-term debt +€47,115
up €47,115 (+133.3%), from €35,354 to €82,469
- Debts after one year -€34,415
down €34,415 (-22.0%), from €156,445 to €122,030
- Gross operating margin +€172,376
up €172,376 (+332.1%), from €51,908 to €224,283
- Taxes +€34,965
up €34,965 (+17326.8%), from €202 to €35,167
- Staff costs -€5,416
no longer reported in 2025 (was €5,416)
- Depreciation +€3,057
up €3,057 (+9.9%), from €30,851 to €33,908
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 | €337,742 | €542,870 | +€205,127 | +60.7% |
| Fixed assets | 21/28 | €219,987 | €173,900 | -€46,087 | -21.0% |
| Tangible fixed assets | 22/27 | €219,648 | €173,561 | -€46,087 | -21.0% |
| Land and buildings | 22 | €134,321 | €126,733 | -€7,588 | -5.6% |
| Plant, machinery and equipment | 23 | €3,814 | €1,616 | -€2,197 | -57.6% |
| Furniture and vehicles | 24 | €81,513 | €45,211 | -€36,302 | -44.5% |
| Financial fixed assets | 28 | €339 | €339 | = | 0.0% |
| Current assets | 29/58 | €117,755 | €368,970 | +€251,215 | +213.3% |
| Stocks and contracts in progress | 3 | €25,573 | €51,257 | +€25,684 | +100.4% |
| Stocks | 30/36 | €25,573 | €51,257 | +€25,684 | +100.4% |
| Amounts receivable within one year | 40/41 | €63,904 | €51,226 | -€12,678 | -19.8% |
| Trade receivables | 40 | €55,469 | €47,822 | -€7,647 | -13.8% |
| Other amounts receivable | 41 | €8,436 | €3,404 | -€5,032 | -59.6% |
| Cash at bank and in hand | 54/58 | €26,088 | €263,130 | +€237,042 | +908.6% |
| Deferred charges and accrued income | 490/1 | €2,189 | €3,357 | +€1,167 | +53.3% |
| Total equity and liabilities | 10/49 | €337,742 | €542,870 | +€205,127 | +60.7% |
| Equity | 10/15 | €53,231 | €193,468 | +€140,237 | +263.4% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Outside capital | 11 | €6,500 | €6,500 | = | 0.0% |
| Other | 1109/19 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €110,939 | €186,968 | +€76,029 | +68.5% |
| Non-distributable reserves | 130/1 | €3,720 | €3,720 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,720 | €3,720 | = | 0.0% |
| Distributable reserves | 133 | €107,219 | €183,248 | +€76,029 | +70.9% |
| Profit (loss) carried forward | 14 | -€64,208 | - | +€64,208 | |
| Amounts payable | 17/49 | €284,511 | €349,402 | +€64,891 | +22.8% |
| Amounts payable after more than one year | 17 | €156,445 | €122,030 | -€34,415 | -22.0% |
| Financial debts | 170/4 | €156,445 | €122,030 | -€34,415 | -22.0% |
| Amounts payable within one year | 42/48 | €125,574 | €224,880 | +€99,307 | +79.1% |
| Current portion of amounts payable after more than one year | 42 | €35,354 | €82,469 | +€47,115 | +133.3% |
| Trade debts | 44 | €19,838 | €81,153 | +€61,315 | +309.1% |
| Suppliers | 440/4 | €19,838 | €81,153 | +€61,315 | +309.1% |
| Advances received on contracts in progress | 46 | €44,909 | €31,159 | -€13,749 | -30.6% |
| Taxes, remuneration and social security | 45 | €1,240 | €30,099 | +€28,859 | +2326.5% |
| Taxes | 450/3 | €415 | €28,099 | +€27,684 | +6666.9% |
| Remuneration and social security | 454/9 | €825 | €2,000 | +€1,175 | +142.4% |
| Other amounts payable | 47/48 | €24,233 | - | -€24,233 | |
| Accrued charges and deferred income | 492/3 | €2,492 | €2,491 | -€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €5,416 | - | -€5,416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,851 | €33,908 | +€3,057 | +9.9% |
| Other operating charges | 640/8 | €3,084 | €1,819 | -€1,265 | -41.0% |
| Non-recurring operating charges | 66A | €881 | €2,262 | +€1,381 | +156.7% |
| Gross operating margin | 9900 | €51,908 | €224,283 | +€172,376 | +332.1% |
| Operating profit (loss) | 9901 | €11,676 | €186,295 | +€174,619 | +1495.6% |
| Financial income | 75/76B | €400 | - | -€400 | |
| Recurring financial income | 75 | €400 | - | -€400 | |
| Financial charges | 65/66B | €11,871 | €10,891 | -€980 | -8.3% |
| Recurring financial charges | 65 | €11,871 | €10,891 | -€980 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €205 | €175,404 | +€175,199 | +85429.5% |
| Income taxes | 67/77 | €202 | €35,167 | +€34,965 | +17326.8% |
| Profit (loss) for the period | 9904 | €3 | €140,237 | +€140,233 | +4275408.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3 | €140,237 | +€140,233 | +4275408.8% |
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 8 October 2026 via checked.be.