EB-Stone: 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.
EB-Stone
Largest movements
- Tangible fixed assets +€292,935
up €292,935 (+25.5%), from €1.1m to €1.4m
of which Land and buildings: +€1.4m
- Receivables within one year -€114,954
no longer reported in 2025 (was €114,954)
of which Trade receivables: -€114,900
- Financial fixed assets +€58,800
up €58,800 (+30.9%), from €190,200 to €249,000
- Debts after one year +€186,700
new in 2025: €186,700
- Profit (loss) carried forward +€74,159
up €74,159, from -€74,154 to €5
- Reserves -€44,182
down €44,182 (-4.0%), from €1.1m to €1.1m
of which Tax-exempt reserves: -€22,878
- Gross operating margin +€91,045
up €91,045, from -€9,907 to €81,138
- Depreciation +€52,561
up €52,561 (+24136.1%), from €218 to €52,779
- Taxes +€5,285
new in 2025: €5,285
- Financial income -€2,931
down €2,931 (-96.1%), from €3,048 to €117
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 | €1,477,964 | €1,705,899 | +€227,935 | +15.4% |
| Fixed assets | 21/28 | €1,338,309 | €1,690,044 | +€351,735 | +26.3% |
| Tangible fixed assets | 22/27 | €1,148,109 | €1,441,044 | +€292,935 | +25.5% |
| Land and buildings | 22 | €16,947 | €1,435,993 | +€1.4m | +8373.6% |
| Plant, machinery and equipment | 23 | - | €4,616 | +€4,616 | |
| Furniture and vehicles | 24 | €762 | €436 | -€327 | -42.9% |
| Assets under construction and advance payments | 27 | €1,130,400 | - | -€1.1m | |
| Financial fixed assets | 28 | €190,200 | €249,000 | +€58,800 | +30.9% |
| Current assets | 29/58 | €139,655 | €15,855 | -€123,800 | -88.6% |
| Amounts receivable within one year | 40/41 | €114,954 | - | -€114,954 | |
| Trade receivables | 40 | €114,900 | - | -€114,900 | |
| Other amounts receivable | 41 | €54 | - | -€54 | |
| Cash at bank and in hand | 54/58 | €24,700 | €15,855 | -€8,846 | -35.8% |
| Total equity and liabilities | 10/49 | €1,477,964 | €1,705,899 | +€227,935 | +15.4% |
| Equity | 10/15 | €1,096,236 | €1,126,213 | +€29,977 | +2.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €1,095,390 | €1,051,208 | -€44,182 | -4.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €755,910 | €733,032 | -€22,878 | -3.0% |
| Distributable reserves | 133 | €331,981 | €310,677 | -€21,304 | -6.4% |
| Profit (loss) carried forward | 14 | -€74,154 | €5 | +€74,159 | |
| Provisions and deferred taxes | 16 | €251,970 | €244,344 | -€7,626 | -3.0% |
| Deferred taxes | 168 | €251,970 | €244,344 | -€7,626 | -3.0% |
| Amounts payable | 17/49 | €129,758 | €335,342 | +€205,584 | +158.4% |
| Amounts payable after more than one year | 17 | - | €186,700 | +€186,700 | |
| Financial debts | 170/4 | - | €186,700 | +€186,700 | |
| Amounts payable within one year | 42/48 | €129,758 | €148,642 | +€18,884 | +14.6% |
| Trade debts | 44 | €120 | €1,067 | +€947 | +788.9% |
| Suppliers | 440/4 | €120 | €1,067 | +€947 | +788.9% |
| Taxes, remuneration and social security | 45 | €171 | €17,130 | +€16,959 | +9931.8% |
| Taxes | 450/3 | €171 | €17,130 | +€16,959 | +9931.8% |
| Other amounts payable | 47/48 | €129,467 | €130,445 | +€978 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218 | €52,779 | +€52,561 | +24136.1% |
| Other operating charges | 640/8 | €118 | €489 | +€371 | +314.4% |
| Gross operating margin | 9900 | -€9,907 | €81,138 | +€91,045 | |
| Operating profit (loss) | 9901 | -€10,243 | €27,870 | +€38,113 | |
| Financial income | 75/76B | €3,048 | €117 | -€2,931 | -96.1% |
| Recurring financial income | 75 | €3,048 | €117 | -€2,931 | -96.1% |
| Financial charges | 65/66B | €242 | €352 | +€110 | +45.6% |
| Recurring financial charges | 65 | €242 | €352 | +€110 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,436 | €27,636 | +€35,072 | |
| Transfer from deferred taxes | 780 | - | €7,626 | +€7,626 | |
| Income taxes | 67/77 | - | €5,285 | +€5,285 | |
| Profit (loss) for the period | 9904 | -€7,436 | €29,977 | +€37,413 | |
| Transfer from tax-exempt reserves | 789 | - | €22,878 | +€22,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,436 | €52,855 | +€60,291 |
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 30 September 2026 via checked.be.