FINESTONE PROJECTS: 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.
FINESTONE PROJECTS
Largest movements
- Cash -€322,285
down €322,285 (-83.6%), from €385,555 to €63,271
mainly Advances received (-€537,593) and Investment in fixed assets (net) (-€47,307)
- Receivables within one year +€21,491
up €21,491 (+5.4%), from €398,510 to €420,001
of which Trade receivables: +€19,468
- Tangible fixed assets +€13,632
up €13,632 (+14.0%), from €97,150 to €110,782
- Deferred charges and accrued income +€12,338
new in 2025: €12,338
- Advances received -€537,593
no longer reported in 2025 (was €537,593)
- Current portion of long-term debt +€154,474
up €154,474 (+713.9%), from €21,638 to €176,112
- Trade debts +€110,643
up €110,643 (+123.7%), from €89,421 to €200,064
- Profit (loss) carried forward -€93,890
no longer reported in 2025 (was €93,890)
- Reserves +€88,492
new in 2025: €88,492
- Staff costs +€283,710
up €283,710 (+372.8%), from €76,101 to €359,811
- Gross operating margin +€222,589
up €222,589 (+109.4%), from €203,395 to €425,984
- Other operating charges +€30,799
up €30,799 (+20532.6%), from €150 to €30,949
- Depreciation +€25,472
up €25,472 (+385.8%), from €6,603 to €32,075
- Taxes -€23,939
down €23,939 (-95.7%), from €25,002 to €1,063
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 | €885,760 | €612,536 | -€273,224 | -30.8% |
| Fixed assets | 21/28 | €101,695 | €116,927 | +€15,232 | +15.0% |
| Tangible fixed assets | 22/27 | €97,150 | €110,782 | +€13,632 | +14.0% |
| Furniture and vehicles | 24 | €97,150 | €110,782 | +€13,632 | +14.0% |
| Financial fixed assets | 28 | €4,545 | €6,145 | +€1,600 | +35.2% |
| Current assets | 29/58 | €784,065 | €495,609 | -€288,456 | -36.8% |
| Amounts receivable within one year | 40/41 | €398,510 | €420,001 | +€21,491 | +5.4% |
| Trade receivables | 40 | €398,404 | €417,872 | +€19,468 | +4.9% |
| Other amounts receivable | 41 | €106 | €2,129 | +€2,023 | +1911.0% |
| Cash at bank and in hand | 54/58 | €385,555 | €63,271 | -€322,285 | -83.6% |
| Deferred charges and accrued income | 490/1 | - | €12,338 | +€12,338 | |
| Total equity and liabilities | 10/49 | €885,760 | €612,536 | -€273,224 | -30.8% |
| Equity | 10/15 | €96,890 | €91,492 | -€5,398 | -5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €88,492 | +€88,492 | |
| Distributable reserves | 133 | - | €88,492 | +€88,492 | |
| Profit (loss) carried forward | 14 | €93,890 | - | -€93,890 | |
| Amounts payable | 17/49 | €788,869 | €521,043 | -€267,826 | -34.0% |
| Amounts payable after more than one year | 17 | €68,362 | €69,079 | +€717 | +1.0% |
| Financial debts | 170/4 | €68,362 | €69,079 | +€717 | +1.0% |
| Amounts payable within one year | 42/48 | €720,507 | €450,309 | -€270,198 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €21,638 | €176,112 | +€154,474 | +713.9% |
| Trade debts | 44 | €89,421 | €200,064 | +€110,643 | +123.7% |
| Suppliers | 440/4 | €89,421 | €200,064 | +€110,643 | +123.7% |
| Advances received on contracts in progress | 46 | €537,593 | - | -€537,593 | |
| Taxes, remuneration and social security | 45 | €66,745 | €73,937 | +€7,193 | +10.8% |
| Taxes | 450/3 | €44,392 | €30,095 | -€14,298 | -32.2% |
| Remuneration and social security | 454/9 | €22,352 | €43,842 | +€21,490 | +96.1% |
| Other amounts payable | 47/48 | €5,111 | €197 | -€4,914 | -96.2% |
| Accrued charges and deferred income | 492/3 | - | €1,656 | +€1,656 | |
| Remuneration, social security and pensions | 62 | €76,101 | €359,811 | +€283,710 | +372.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,603 | €32,075 | +€25,472 | +385.8% |
| Other operating charges | 640/8 | €150 | €30,949 | +€30,799 | +20532.6% |
| Gross operating margin | 9900 | €203,395 | €425,984 | +€222,589 | +109.4% |
| Operating profit (loss) | 9901 | €120,542 | €3,149 | -€117,392 | -97.4% |
| Financial income | 75/76B | €182 | €1,057 | +€875 | +480.2% |
| Recurring financial income | 75 | €182 | €1,057 | +€875 | +480.2% |
| Financial charges | 65/66B | €1,832 | €8,541 | +€6,710 | +366.3% |
| Recurring financial charges | 65 | €1,832 | €8,541 | +€6,710 | +366.3% |
| Profit (loss) for the period before taxes | 9903 | €118,892 | -€4,335 | -€123,227 | |
| Income taxes | 67/77 | €25,002 | €1,063 | -€23,939 | -95.7% |
| Profit (loss) for the period | 9904 | €93,890 | -€5,398 | -€99,288 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,890 | -€5,398 | -€99,288 |
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.