Nine Stones: 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.
Nine Stones
Largest movements
- Receivables within one year -€11,671
down €11,671 (-68.1%), from €17,142 to €5,471
of which Other amounts receivable: -€15,105
- Tangible fixed assets +€7,490
new in 2025: €7,490
- Cash +€1,033
up €1,033 (+271%), from €381 to €1,414
mainly Receivables within one year (+€11,671) and Trade debts (+€9,380)
- Other debts -€10,000
down €10,000 (-41.1%), from €24,335 to €14,335
- Trade debts +€9,380
up €9,380 (+1,420%), from €660 to €10,041
- Profit (loss) carried forward -€2,528
down €2,528 (-25.6%), from -€9,867 to -€12,395
- Gross operating margin +€2,611
up €2,611 (+57.0%), from -€4,585 to -€1,974
- Other operating charges -€329
down €329 (-83.4%), from €395 to €66
- Financial charges -€288
down €288 (-39.7%), from €726 to €438
- Depreciation -€66
down €66 (-56.5%), from €116 to €51
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 | €17,628 | €14,480 | -€3,148 | -17.9% |
| Fixed assets | 21/28 | €105 | €7,595 | +€7,490 | +7,133% |
| Tangible fixed assets | 22/27 | - | €7,490 | +€7,490 | |
| Other tangible fixed assets | 26 | - | €7,490 | +€7,490 | |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €17,523 | €6,886 | -€10,637 | -60.7% |
| Amounts receivable within one year | 40/41 | €17,142 | €5,471 | -€11,671 | -68.1% |
| Trade receivables | 40 | €240 | €3,674 | +€3,434 | +1,434% |
| Other amounts receivable | 41 | €16,903 | €1,798 | -€15,105 | -89.4% |
| Cash at bank and in hand | 54/58 | €381 | €1,414 | +€1,033 | +271% |
| Total equity and liabilities | 10/49 | €17,628 | €14,480 | -€3,148 | -17.9% |
| Equity | 10/15 | -€7,367 | -€9,895 | -€2,528 | -34.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,867 | -€12,395 | -€2,528 | -25.6% |
| Amounts payable | 17/49 | €24,995 | €24,376 | -€620 | -2.5% |
| Amounts payable within one year | 42/48 | €24,995 | €24,376 | -€620 | -2.5% |
| Trade debts | 44 | €660 | €10,041 | +€9,380 | +1,420% |
| Suppliers | 440/4 | €660 | €10,041 | +€9,380 | +1,420% |
| Other amounts payable | 47/48 | €24,335 | €14,335 | -€10,000 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116 | €51 | -€66 | -56.5% |
| Other operating charges | 640/8 | €395 | €66 | -€329 | -83.4% |
| Gross operating margin | 9900 | -€4,585 | -€1,974 | +€2,611 | +57.0% |
| Operating profit (loss) | 9901 | -€5,096 | -€2,090 | +€3,006 | +59.0% |
| Financial charges | 65/66B | €726 | €438 | -€288 | -39.7% |
| Recurring financial charges | 65 | €726 | €438 | -€288 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,822 | -€2,528 | +€3,294 | +56.6% |
| Profit (loss) for the period | 9904 | -€5,822 | -€2,528 | +€3,294 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,822 | -€2,528 | +€3,294 | +56.6% |
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 26 October 2026 via checked.be.