K-STONE Management: 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.
K-STONE Management
Largest movements
- Receivables within one year +€31,836
up €31,836 (+71.3%), from €44,665 to €76,501
of which Other amounts receivable: +€31,038
- Cash +€17,090
up €17,090 (+24.7%), from €69,176 to €86,266
mainly Net result for the year (+€37,607) and Other debts (+€34,750)
- Tangible fixed assets -€7,873
down €7,873 (-39.7%), from €19,854 to €11,981
of which Furniture and vehicles: -€7,351
- Other debts +€34,750
new in 2025: €34,750
- Tax, wage and social debts +€5,857
up €5,857 (+47.5%), from €12,337 to €18,194
- Gross operating margin +€13,532
up €13,532 (+27.4%), from €49,385 to €62,917
- Depreciation +€6,975
up €6,975 (+222%), from €3,136 to €10,111
- Taxes +€1,852
up €1,852 (+14.4%), from €12,835 to €14,687
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.
Derived cash bridge
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 | €134,326 | €175,385 | +€41,058 | +30.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €19,854 | €11,981 | -€7,873 | -39.7% |
| Tangible fixed assets | 22/27 | €19,854 | €11,981 | -€7,873 | -39.7% |
| Furniture and vehicles | 24 | €16,321 | €8,970 | -€7,351 | -45.0% |
| Other tangible fixed assets | 26 | €3,533 | €3,011 | -€523 | -14.8% |
| Current assets | 29/58 | €114,472 | €163,404 | +€48,932 | +42.7% |
| Amounts receivable within one year | 40/41 | €44,665 | €76,501 | +€31,836 | +71.3% |
| Trade receivables | 40 | €26,015 | €26,814 | +€799 | +3.1% |
| Other amounts receivable | 41 | €18,650 | €49,687 | +€31,038 | +166% |
| Cash at bank and in hand | 54/58 | €69,176 | €86,266 | +€17,090 | +24.7% |
| Deferred charges and accrued income | 490/1 | €631 | €637 | +€5 | +0.9% |
| Total equity and liabilities | 10/49 | €134,326 | €175,385 | +€41,058 | +30.6% |
| Equity | 10/15 | €120,830 | €121,338 | +€507 | +0.4% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €106,000 | €106,400 | +€400 | +0.4% |
| Distributable reserves | 133 | €106,000 | €106,400 | +€400 | +0.4% |
| Profit (loss) carried forward | 14 | €570 | €678 | +€107 | +18.8% |
| Amounts payable | 17/49 | €13,496 | €54,047 | +€40,551 | +300% |
| Amounts payable within one year | 42/48 | €13,496 | €54,047 | +€40,551 | +300% |
| Trade debts | 44 | €1,159 | €1,103 | -€56 | -4.9% |
| Suppliers | 440/4 | €1,159 | €1,103 | -€56 | -4.9% |
| Taxes, remuneration and social security | 45 | €12,337 | €18,194 | +€5,857 | +47.5% |
| Taxes | 450/3 | €12,337 | €18,194 | +€5,857 | +47.5% |
| Other amounts payable | 47/48 | - | €34,750 | +€34,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,136 | €10,111 | +€6,975 | +222% |
| Other operating charges | 640/8 | €472 | €400 | -€73 | -15.4% |
| Gross operating margin | 9900 | €49,385 | €62,917 | +€13,532 | +27.4% |
| Operating profit (loss) | 9901 | €45,777 | €52,407 | +€6,630 | +14.5% |
| Financial charges | 65/66B | €501 | €113 | -€388 | -77.5% |
| Recurring financial charges | 65 | €501 | €113 | -€388 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €45,275 | €52,294 | +€7,019 | +15.5% |
| Income taxes | 67/77 | €12,835 | €14,687 | +€1,852 | +14.4% |
| Profit (loss) for the period | 9904 | €32,440 | €37,607 | +€5,167 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,440 | €37,607 | +€5,167 | +15.9% |
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 19 October 2026 via checked.be.