COLONEL 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.
COLONEL STONE
Largest movements
- Stocks and contracts +€13.2m
up €13.2m (+201%), from €6.6m to €19.8m
- Receivables within one year -€247,327
down €247,327 (-47.5%), from €521,136 to €273,809
of which Trade receivables: -€247,327
- Advances received +€14.7m
up €14.7m (+378%), from €3.9m to €18.6m
- Short-term financial debts -€3.3m
down €3.3m (-100%), from €3.3m to €0
- Current portion of long-term debt +€2.3m
new in 2025: €2.3m
- Trade debts -€729,126
down €729,126 (-40.2%), from €1.8m to €1.1m
- Other operating charges +€1,969
up €1,969, from €0 to €1,969
- Gross operating margin +€1,505
up €1,505 (+27.8%), from -€5,415 to -€3,910
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 | €10,040,621 | €22,880,645 | +€12.8m | +128% |
| Current assets | 29/58 | €10,040,621 | €22,880,645 | +€12.8m | +128% |
| Stocks and contracts in progress | 3 | €6,581,938 | €19,786,126 | +€13.2m | +201% |
| Stocks | 30/36 | €6,581,938 | €19,786,126 | +€13.2m | +201% |
| Amounts receivable within one year | 40/41 | €521,136 | €273,809 | -€247,327 | -47.5% |
| Trade receivables | 40 | €521,136 | €273,809 | -€247,327 | -47.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,922,883 | €2,802,822 | -€120,061 | -4.1% |
| Deferred charges and accrued income | 490/1 | €14,664 | €17,888 | +€3,224 | +22.0% |
| Total equity and liabilities | 10/49 | €10,040,621 | €22,880,645 | +€12.8m | +128% |
| Equity | 10/15 | -€16,207 | -€22,059 | -€5,852 | -36.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,207 | -€27,059 | -€5,852 | -27.6% |
| Amounts payable | 17/49 | €10,056,828 | €22,902,704 | +€12.8m | +128% |
| Amounts payable after more than one year | 17 | €714,126 | €756,082 | +€41,956 | +5.9% |
| Other amounts payable | 178/9 | €714,126 | €756,082 | +€41,956 | +5.9% |
| Amounts payable within one year | 42/48 | €9,342,702 | €22,146,622 | +€12.8m | +137% |
| Current portion of amounts payable after more than one year | 42 | - | €2,285,402 | +€2.3m | |
| Financial debts | 43 | €3,323,993 | €0 | -€3.3m | -100% |
| Credit institutions | 430/8 | €3,323,993 | €0 | -€3.3m | -100% |
| Trade debts | 44 | €1,811,574 | €1,082,448 | -€729,126 | -40.2% |
| Suppliers | 440/4 | €1,811,574 | €1,082,448 | -€729,126 | -40.2% |
| Advances received on contracts in progress | 46 | €3,894,564 | €18,623,052 | +€14.7m | +378% |
| Taxes, remuneration and social security | 45 | €312,571 | €155,720 | -€156,851 | -50.2% |
| Taxes | 450/3 | €312,571 | €155,720 | -€156,851 | -50.2% |
| Non-recurring operating income | 76A | - | €1,476 | +€1,476 | |
| Other operating charges | 640/8 | €0 | €1,969 | +€1,969 | |
| Gross operating margin | 9900 | -€5,415 | -€3,910 | +€1,505 | +27.8% |
| Operating profit (loss) | 9901 | -€5,415 | -€5,878 | -€463 | -8.6% |
| Financial income | 75/76B | €0 | €27 | +€27 | +38,471% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +38,471% |
| Financial charges | 65/66B | €1 | €1 | -€1 | -50.0% |
| Recurring financial charges | 65 | €1 | €1 | -€1 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,416 | -€5,852 | -€436 | -8.0% |
| Profit (loss) for the period | 9904 | -€5,416 | -€5,852 | -€436 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,416 | -€5,852 | -€436 | -8.0% |
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 14 October 2026 via checked.be.