E & D 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.
E & D Stone
Largest movements
- Receivables within one year +€61,174
up €61,174 (+120.3%), from €50,831 to €112,004
of which Trade receivables: +€54,473
- Tangible fixed assets -€17,321
down €17,321 (-87.6%), from €19,766 to €2,445
of which Furniture and vehicles: -€17,435
- Cash -€10,806
down €10,806 (-71.3%), from €15,157 to €4,350
mainly Receivables within one year (-€61,174) and Net result for the year (-€18,371)
- Trade debts +€52,770
up €52,770 (+215.0%), from €24,546 to €77,315
- Profit (loss) carried forward -€18,371
down €18,371 (-24.8%), from -€74,173 to -€92,543
- Gross operating margin -€140,083
down €140,083, from €127,627 to -€12,456
- Taxes -€14,295
down €14,295 (-100.0%), from €14,295 to €0
- Other operating charges -€12,766
down €12,766 (-90.3%), from €14,130 to €1,364
- Financial charges -€8,095
down €8,095 (-89.6%), from €9,036 to €941
- Depreciation -€3,360
down €3,360 (-66.5%), from €5,054 to €1,694
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 | €86,263 | €119,947 | +€33,684 | +39.0% |
| Fixed assets | 21/28 | €19,901 | €2,580 | -€17,321 | -87.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €19,766 | €2,445 | -€17,321 | -87.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,331 | €2,445 | +€114 | +4.9% |
| Furniture and vehicles | 24 | €17,435 | €0 | -€17,435 | -100.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €66,362 | €117,367 | +€51,006 | +76.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €50,831 | €112,004 | +€61,174 | +120.3% |
| Trade receivables | 40 | €46,857 | €101,330 | +€54,473 | +116.3% |
| Other amounts receivable | 41 | €3,974 | €10,674 | +€6,700 | +168.6% |
| Cash at bank and in hand | 54/58 | €15,157 | €4,350 | -€10,806 | -71.3% |
| Deferred charges and accrued income | 490/1 | €374 | €1,013 | +€638 | +170.5% |
| Total equity and liabilities | 10/49 | €86,263 | €119,947 | +€33,684 | +39.0% |
| Equity | 10/15 | €31,413 | €13,042 | -€18,371 | -58.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,986 | €86,986 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,126 | €85,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,173 | -€92,543 | -€18,371 | -24.8% |
| Amounts payable | 17/49 | €54,850 | €106,905 | +€52,055 | +94.9% |
| Amounts payable within one year | 42/48 | €54,850 | €106,905 | +€52,055 | +94.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €24,546 | €77,315 | +€52,770 | +215.0% |
| Suppliers | 440/4 | €24,546 | €77,315 | +€52,770 | +215.0% |
| Taxes, remuneration and social security | 45 | €22,835 | €22,815 | -€20 | -0.1% |
| Taxes | 450/3 | €16,535 | €16,515 | -€20 | -0.1% |
| Remuneration and social security | 454/9 | €6,300 | €6,300 | = | 0.0% |
| Other amounts payable | 47/48 | €7,469 | €6,774 | -€694 | -9.3% |
| Non-recurring operating income | 76A | €189,376 | €0 | -€189,376 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | €293 | +€293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,054 | €1,694 | -€3,360 | -66.5% |
| Other operating charges | 640/8 | €14,130 | €1,364 | -€12,766 | -90.3% |
| Non-recurring operating charges | 66A | - | €1,784 | +€1,784 | |
| Gross operating margin | 9900 | €127,627 | -€12,456 | -€140,083 | |
| Operating profit (loss) | 9901 | €108,444 | -€17,590 | -€126,034 | |
| Financial income | 75/76B | €13 | €160 | +€147 | +1144.3% |
| Recurring financial income | 75 | €13 | €160 | +€147 | +1144.3% |
| Financial charges | 65/66B | €9,036 | €941 | -€8,095 | -89.6% |
| Recurring financial charges | 65 | €9,036 | €941 | -€8,095 | -89.6% |
| Profit (loss) for the period before taxes | 9903 | €99,421 | -€18,371 | -€117,792 | |
| Income taxes | 67/77 | €14,295 | €0 | -€14,295 | -100.0% |
| Profit (loss) for the period | 9904 | €85,126 | -€18,371 | -€103,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,126 | -€18,371 | -€103,496 |
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 11 October 2026 via checked.be.