GOLDSTONE: 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.
GOLDSTONE
Largest movements
- Cash -€35,002
down €35,002 (-93.3%), from €37,517 to €2,515
mainly Net result for the year (-€33,343) and Other debts (-€11,673)
- Stocks and contracts -€20,504
down €20,504 (-4.5%), from €453,706 to €433,202
- Profit (loss) carried forward -€33,343
down €33,343 (-74.4%), from €44,789 to €11,446
- Other debts -€11,673
down €11,673 (-2.9%), from €398,839 to €387,166
- Gross operating margin -€54,070
down €54,070, from €22,983 to -€31,087
- Taxes -€6,218
no longer reported in 2025 (was €6,218)
- Other operating charges -€684
down €684 (-48.8%), from €1,400 to €716
- Financial income -€589
down €589 (-99.7%), from €591 to €2
- Depreciation +€416
up €416 (+44.1%), from €944 to €1,360
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 | €504,106 | €450,744 | -€53,362 | -10.6% |
| Fixed assets | 21/28 | €6,238 | €9,093 | +€2,855 | +45.8% |
| Tangible fixed assets | 22/27 | €6,238 | €9,093 | +€2,855 | +45.8% |
| Plant, machinery and equipment | 23 | €1,142 | €4,777 | +€3,635 | +318.4% |
| Furniture and vehicles | 24 | €462 | €202 | -€260 | -56.2% |
| Other tangible fixed assets | 26 | €4,634 | €4,113 | -€521 | -11.2% |
| Current assets | 29/58 | €497,868 | €441,652 | -€56,216 | -11.3% |
| Stocks and contracts in progress | 3 | €453,706 | €433,202 | -€20,504 | -4.5% |
| Stocks | 30/36 | €453,706 | €433,202 | -€20,504 | -4.5% |
| Amounts receivable within one year | 40/41 | €5,445 | €1,686 | -€3,759 | -69.0% |
| Trade receivables | 40 | €5,445 | €1,686 | -€3,759 | -69.0% |
| Cash at bank and in hand | 54/58 | €37,517 | €2,515 | -€35,002 | -93.3% |
| Deferred charges and accrued income | 490/1 | €1,200 | €4,249 | +€3,048 | +254.0% |
| Total equity and liabilities | 10/49 | €504,106 | €450,744 | -€53,362 | -10.6% |
| Equity | 10/15 | €86,434 | €53,092 | -€33,343 | -38.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,045 | €23,045 | = | 0.0% |
| Distributable reserves | 133 | €23,045 | €23,045 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,789 | €11,446 | -€33,343 | -74.4% |
| Amounts payable | 17/49 | €417,672 | €397,653 | -€20,019 | -4.8% |
| Amounts payable within one year | 42/48 | €413,763 | €397,653 | -€16,110 | -3.9% |
| Trade debts | 44 | €1,395 | €995 | -€400 | -28.7% |
| Suppliers | 440/4 | €1,395 | €995 | -€400 | -28.7% |
| Taxes, remuneration and social security | 45 | €13,529 | €9,491 | -€4,038 | -29.8% |
| Taxes | 450/3 | €13,529 | €9,491 | -€4,038 | -29.8% |
| Other amounts payable | 47/48 | €398,839 | €387,166 | -€11,673 | -2.9% |
| Accrued charges and deferred income | 492/3 | €3,909 | - | -€3,909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €944 | €1,360 | +€416 | +44.1% |
| Other operating charges | 640/8 | €1,400 | €716 | -€684 | -48.8% |
| Gross operating margin | 9900 | €22,983 | -€31,087 | -€54,070 | |
| Operating profit (loss) | 9901 | €20,639 | -€33,163 | -€53,802 | |
| Financial income | 75/76B | €591 | €2 | -€589 | -99.7% |
| Recurring financial income | 75 | €591 | €2 | -€589 | -99.7% |
| Financial charges | 65/66B | €257 | €181 | -€76 | -29.5% |
| Recurring financial charges | 65 | €257 | €181 | -€76 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €20,973 | -€33,343 | -€54,316 | |
| Income taxes | 67/77 | €6,218 | - | -€6,218 | |
| Profit (loss) for the period | 9904 | €14,755 | -€33,343 | -€48,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,755 | -€33,343 | -€48,097 |
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.