HIMSTONE: 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.
What changed
HIMSTONE
NACE 43.990, Other specialised construction activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,612
2024 · €19,160-€15,548
Equity
€111,966
2024 · €108,354+€3,612
Cash
€117,159
2024 · €96,532+€20,627
Balance sheet total
€1.3m
2024 · €2.2m-€876,125
Largest movements
Assets
- Stocks and contracts -€973,218
down €973,218 (-48.1%), from €2.0m to €1.1m
of which Stocks: -€959,750
- Receivables after one year +€47,000
new in 2025: €47,000
- Receivables within one year +€25,031
up €25,031 (+29.1%), from €85,974 to €111,005
of which Other amounts receivable: +€27,503
Equity and liabilities
- Current portion of long-term debt -€582,616
down €582,616 (-38.4%), from €1.5m to €934,880
- Debts after one year -€299,880
down €299,880 (-53.8%), from €557,277 to €257,396
Income statement
- Staff costs +€46,681
up €46,681 (+122.7%), from €38,034 to €84,714
- Financial charges -€31,630
down €31,630 (-24.7%), from €127,993 to €96,363
- Gross operating margin -€6,709
down €6,709 (-3.3%), from €204,901 to €198,192
- Taxes -€4,044
down €4,044 (-32.7%), from €12,384 to €8,340
- Financial income +€2,058
up €2,058 (+478.9%), from €430 to €2,488
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.
Result 2024
€19,160
Gross operating margin
-€6,709
Staff costs
-€46,681
Depreciation
+€43
Other operating charges
+€65
Financial income
+€2,058
Financial charges
+€31,630
Taxes
+€4,044
Result 2025
€3,612
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.
From operations
+€904,388
Investment
-€1,264
Financing
-€882,497
Cash 2024
€96,532
From operations (derived)
+€904,388
Net result for the year
+€3,612
Depreciation
+€1,883
Receivables after one year
-€47,000
Stocks and contracts
+€973,218
Receivables within one year
-€25,031
Deferred charges and accrued income
-€5,053
Smaller working-capital items
+€2,760
Investment (derived)
-€1,264
Investment in fixed assets (net)
-€1,264
Financing
-€882,497
Debts after one year
-€299,880
Current portion of long-term debt
-€582,616
Cash 2025
€117,159
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,218,678 | €1,342,554 | -€876,125 | -39.5% |
| Fixed assets | 21/28 | €3,863 | €3,244 | -€618 | -16.0% |
| Tangible fixed assets | 22/27 | €3,063 | €2,944 | -€118 | -3.9% |
| Plant, machinery and equipment | 23 | €2,317 | €1,036 | -€1,282 | -55.3% |
| Furniture and vehicles | 24 | €746 | €1,909 | +€1,163 | +156.0% |
| Financial fixed assets | 28 | €800 | €300 | -€500 | -62.5% |
| Current assets | 29/58 | €2,214,815 | €1,339,309 | -€875,506 | -39.5% |
| Amounts receivable after more than one year | 29 | - | €47,000 | +€47,000 | |
| Other amounts receivable | 291 | - | €47,000 | +€47,000 | |
| Stocks and contracts in progress | 3 | €2,023,468 | €1,050,250 | -€973,218 | -48.1% |
| Stocks | 30/36 | €1,850,000 | €890,250 | -€959,750 | -51.9% |
| Contracts in progress | 37 | €173,468 | €160,000 | -€13,468 | -7.8% |
| Amounts receivable within one year | 40/41 | €85,974 | €111,005 | +€25,031 | +29.1% |
| Trade receivables | 40 | €2,689 | €218 | -€2,472 | -91.9% |
| Other amounts receivable | 41 | €83,284 | €110,787 | +€27,503 | +33.0% |
| Cash at bank and in hand | 54/58 | €96,532 | €117,159 | +€20,627 | +21.4% |
| Deferred charges and accrued income | 490/1 | €8,842 | €13,896 | +€5,053 | +57.1% |
| Total equity and liabilities | 10/49 | €2,218,678 | €1,342,554 | -€876,125 | -39.5% |
| Equity | 10/15 | €108,354 | €111,966 | +€3,612 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €89,630 | €93,240 | +€3,610 | +4.0% |
| 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 | €87,770 | €91,380 | +€3,610 | +4.1% |
| Profit (loss) carried forward | 14 | €124 | €126 | +€2 | +1.4% |
| Amounts payable | 17/49 | €2,110,324 | €1,230,588 | -€879,737 | -41.7% |
| Amounts payable after more than one year | 17 | €557,277 | €257,396 | -€299,880 | -53.8% |
| Financial debts | 170/4 | €557,277 | €257,396 | -€299,880 | -53.8% |
| Amounts payable within one year | 42/48 | €1,553,048 | €973,043 | -€580,004 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €1,517,497 | €934,880 | -€582,616 | -38.4% |
| Trade debts | 44 | €22,129 | €21,991 | -€138 | -0.6% |
| Suppliers | 440/4 | €22,129 | €21,991 | -€138 | -0.6% |
| Taxes, remuneration and social security | 45 | €12,384 | €14,111 | +€1,727 | +13.9% |
| Taxes | 450/3 | €12,384 | €8,340 | -€4,044 | -32.7% |
| Remuneration and social security | 454/9 | - | €5,771 | +€5,771 | |
| Other amounts payable | 47/48 | €1,039 | €2,062 | +€1,023 | +98.5% |
| Accrued charges and deferred income | 492/3 | €0 | €148 | +€148 | |
| Non-recurring operating income | 76A | - | €10,735 | +€10,735 | |
| Remuneration, social security and pensions | 62 | €38,034 | €84,714 | +€46,681 | +122.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,926 | €1,883 | -€43 | -2.3% |
| Other operating charges | 640/8 | €5,833 | €5,768 | -€65 | -1.1% |
| Gross operating margin | 9900 | €204,901 | €198,192 | -€6,709 | -3.3% |
| Operating profit (loss) | 9901 | €159,108 | €105,827 | -€53,281 | -33.5% |
| Financial income | 75/76B | €430 | €2,488 | +€2,058 | +478.9% |
| Recurring financial income | 75 | €430 | €2,488 | +€2,058 | +478.9% |
| Financial charges | 65/66B | €127,993 | €96,363 | -€31,630 | -24.7% |
| Recurring financial charges | 65 | €127,993 | €96,363 | -€31,630 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €31,544 | €11,952 | -€19,592 | -62.1% |
| Income taxes | 67/77 | €12,384 | €8,340 | -€4,044 | -32.7% |
| Profit (loss) for the period | 9904 | €19,160 | €3,612 | -€15,548 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,160 | €3,612 | -€15,548 | -81.1% |
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 9 October 2026 via checked.be.