LF Stone Concept: 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.
LF Stone Concept
Largest movements
- Receivables within one year +€17,370
up €17,370 (+38.0%), from €45,710 to €63,079
of which Other amounts receivable: +€14,877
- Tangible fixed assets -€15,478
down €15,478 (-36.9%), from €41,952 to €26,474
of which Furniture and vehicles: -€16,319
- Cash -€1,505
down €1,505 (-26.7%), from €5,632 to €4,127
mainly Receivables within one year (-€17,370) and Debts after one year (-€13,497)
- Deferred charges and accrued income -€1,257
down €1,257 (-79.0%), from €1,592 to €334
- Debts after one year -€13,497
down €13,497 (-93.3%), from €14,463 to €967
- Reserves +€8,750
up €8,750 (+29.0%), from €30,164 to €38,914
of which Distributable reserves: +€8,750
- Tax, wage and social debts +€3,988
up €3,988 (+39.4%), from €10,128 to €14,115
of which Taxes: +€2,913
- Staff costs +€11,150
up €11,150 (+25.8%), from €43,177 to €54,327
- Gross operating margin +€6,579
up €6,579 (+7.7%), from €85,873 to €92,451
- Financial charges +€1,038
up €1,038 (+57.7%), from €1,797 to €2,834
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 | €95,083 | €94,212 | -€871 | -0.9% |
| Fixed assets | 21/28 | €42,112 | €26,634 | -€15,478 | -36.8% |
| Tangible fixed assets | 22/27 | €41,952 | €26,474 | -€15,478 | -36.9% |
| Plant, machinery and equipment | 23 | €116 | - | -€116 | |
| Furniture and vehicles | 24 | €41,836 | €25,517 | -€16,319 | -39.0% |
| Other tangible fixed assets | 26 | - | €956 | +€956 | |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €52,971 | €67,578 | +€14,607 | +27.6% |
| Amounts receivable within one year | 40/41 | €45,710 | €63,079 | +€17,370 | +38.0% |
| Trade receivables | 40 | €2,610 | €5,103 | +€2,493 | +95.5% |
| Other amounts receivable | 41 | €43,100 | €57,977 | +€14,877 | +34.5% |
| Current investments | 50/53 | €37 | €38 | +€0 | +0.6% |
| Cash at bank and in hand | 54/58 | €5,632 | €4,127 | -€1,505 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,592 | €334 | -€1,257 | -79.0% |
| Total equity and liabilities | 10/49 | €95,083 | €94,212 | -€871 | -0.9% |
| Equity | 10/15 | €49,169 | €57,935 | +€8,766 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,164 | €38,914 | +€8,750 | +29.0% |
| Tax-exempt reserves | 132 | €82 | €82 | = | 0.0% |
| Distributable reserves | 133 | €30,081 | €38,831 | +€8,750 | +29.1% |
| Profit (loss) carried forward | 14 | €405 | €421 | +€16 | +4.0% |
| Amounts payable | 17/49 | €45,914 | €36,277 | -€9,637 | -21.0% |
| Amounts payable after more than one year | 17 | €14,463 | €967 | -€13,497 | -93.3% |
| Financial debts | 170/4 | €14,463 | €967 | -€13,497 | -93.3% |
| Amounts payable within one year | 42/48 | €31,451 | €35,310 | +€3,859 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €15,345 | €14,443 | -€902 | -5.9% |
| Trade debts | 44 | €5,419 | €5,921 | +€503 | +9.3% |
| Suppliers | 440/4 | €5,419 | €5,921 | +€503 | +9.3% |
| Taxes, remuneration and social security | 45 | €10,128 | €14,115 | +€3,988 | +39.4% |
| Taxes | 450/3 | €5,591 | €8,504 | +€2,913 | +52.1% |
| Remuneration and social security | 454/9 | €4,536 | €5,611 | +€1,075 | +23.7% |
| Other amounts payable | 47/48 | €560 | €830 | +€270 | +48.2% |
| Non-recurring operating income | 76A | - | €418 | +€418 | |
| Remuneration, social security and pensions | 62 | €43,177 | €54,327 | +€11,150 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,914 | €16,870 | -€44 | -0.3% |
| Other operating charges | 640/8 | €1,852 | €1,743 | -€108 | -5.8% |
| Gross operating margin | 9900 | €85,873 | €92,451 | +€6,579 | +7.7% |
| Operating profit (loss) | 9901 | €23,931 | €19,512 | -€4,419 | -18.5% |
| Financial income | 75/76B | €243 | €3 | -€241 | -99.0% |
| Recurring financial income | 75 | €243 | €3 | -€241 | -99.0% |
| Financial charges | 65/66B | €1,797 | €2,834 | +€1,038 | +57.7% |
| Recurring financial charges | 65 | €1,797 | €2,834 | +€1,038 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €22,377 | €16,680 | -€5,697 | -25.5% |
| Income taxes | 67/77 | €7,421 | €7,084 | -€337 | -4.5% |
| Profit (loss) for the period | 9904 | €14,957 | €9,596 | -€5,360 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,957 | €9,596 | -€5,360 | -35.8% |
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.