LIONSTONE: 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.
LIONSTONE
Largest movements
- Receivables within one year -€17,415
down €17,415 (-66.8%), from €26,090 to €8,675
of which Trade receivables: -€18,390
- Tangible fixed assets +€11,219
up €11,219 (+23.7%), from €47,426 to €58,645
of which Other tangible fixed assets: +€12,096
- Cash +€2,837
up €2,837 (+41.1%), from €6,895 to €9,731
mainly Debts after one year (+€33,788) and Receivables within one year (+€17,415)
- Profit (loss) carried forward -€35,788
down €35,788, from €8,507 to -€27,282
- Debts after one year +€33,788
up €33,788 (+91.7%), from €36,838 to €70,626
- Other debts +€12,726
up €12,726 (+137.5%), from €9,254 to €21,980
- Tax, wage and social debts -€11,791
down €11,791 (-94.7%), from €12,451 to €660
- Trade debts -€7,809
down €7,809 (-85.3%), from €9,157 to €1,347
- Gross operating margin -€42,641
down €42,641, from €21,747 to -€20,893
- Depreciation +€4,197
up €4,197 (+76.8%), from €5,468 to €9,665
- Other operating charges -€2,626
down €2,626 (-67.4%), from €3,899 to €1,273
- Taxes -€1,557
down €1,557 (-90.0%), from €1,729 to €173
- Financial charges +€1,253
up €1,253 (+46.1%), from €2,719 to €3,972
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 | €80,609 | €77,294 | -€3,315 | -4.1% |
| Fixed assets | 21/28 | €47,426 | €58,645 | +€11,219 | +23.7% |
| Tangible fixed assets | 22/27 | €47,426 | €58,645 | +€11,219 | +23.7% |
| Land and buildings | 22 | €32,431 | €30,805 | -€1,626 | -5.0% |
| Furniture and vehicles | 24 | €14,995 | €15,744 | +€749 | +5.0% |
| Other tangible fixed assets | 26 | - | €12,096 | +€12,096 | |
| Current assets | 29/58 | €33,183 | €18,649 | -€14,534 | -43.8% |
| Amounts receivable within one year | 40/41 | €26,090 | €8,675 | -€17,415 | -66.8% |
| Trade receivables | 40 | €24,319 | €5,929 | -€18,390 | -75.6% |
| Other amounts receivable | 41 | €1,771 | €2,746 | +€975 | +55.0% |
| Cash at bank and in hand | 54/58 | €6,895 | €9,731 | +€2,837 | +41.1% |
| Deferred charges and accrued income | 490/1 | €199 | €243 | +€44 | +22.1% |
| Total equity and liabilities | 10/49 | €80,609 | €77,294 | -€3,315 | -4.1% |
| Equity | 10/15 | €11,507 | -€24,282 | -€35,788 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,507 | -€27,282 | -€35,788 | |
| Amounts payable | 17/49 | €69,102 | €101,575 | +€32,473 | +47.0% |
| Amounts payable after more than one year | 17 | €36,838 | €70,626 | +€33,788 | +91.7% |
| Financial debts | 170/4 | €36,838 | €70,626 | +€33,788 | +91.7% |
| Amounts payable within one year | 42/48 | €32,264 | €30,949 | -€1,315 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €1,403 | €6,962 | +€5,559 | +396.3% |
| Trade debts | 44 | €9,157 | €1,347 | -€7,809 | -85.3% |
| Suppliers | 440/4 | €9,157 | €1,347 | -€7,809 | -85.3% |
| Taxes, remuneration and social security | 45 | €12,451 | €660 | -€11,791 | -94.7% |
| Taxes | 450/3 | €12,451 | €660 | -€11,791 | -94.7% |
| Other amounts payable | 47/48 | €9,254 | €21,980 | +€12,726 | +137.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,468 | €9,665 | +€4,197 | +76.8% |
| Other operating charges | 640/8 | €3,899 | €1,273 | -€2,626 | -67.4% |
| Gross operating margin | 9900 | €21,747 | -€20,893 | -€42,641 | |
| Operating profit (loss) | 9901 | €12,380 | -€31,831 | -€44,212 | |
| Financial income | 75/76B | €336 | €188 | -€148 | -44.2% |
| Recurring financial income | 75 | €336 | €188 | -€148 | -44.2% |
| Financial charges | 65/66B | €2,719 | €3,972 | +€1,253 | +46.1% |
| Recurring financial charges | 65 | €2,719 | €3,972 | +€1,253 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €9,998 | -€35,616 | -€45,613 | |
| Income taxes | 67/77 | €1,729 | €173 | -€1,557 | -90.0% |
| Profit (loss) for the period | 9904 | €8,268 | -€35,788 | -€44,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,268 | -€35,788 | -€44,057 |
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 4 October 2026 via checked.be.