NorthStone: 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.
What changed
NorthStone
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€107,325
2024 · -€2,362-€104,963
Equity
€343,787
2024 · €451,112-€107,325
Cash
€54,299
2024 · €207,744-€153,445
Balance sheet total
€893,184
2024 · €1.4m-€507,987
Largest movements
Assets
- Receivables within one year -€498,683
down €498,683 (-59.3%), from €841,504 to €342,821
of which Other amounts receivable: -€480,946
- Receivables after one year +€165,223
new in 2025: €165,223
- Cash -€153,445
down €153,445 (-73.9%), from €207,744 to €54,299
mainly Accrued charges and deferred income (-€508,931) and Receivables after one year (-€165,223)
Equity and liabilities
- Accrued charges and deferred income -€508,931
down €508,931 (-74.4%), from €683,703 to €174,772
- Short-term financial debts +€150,000
up €150,000 (+150.0%), from €100,000 to €250,000
- Profit (loss) carried forward -€107,325
down €107,325, from €46,667 to -€60,658
- Current portion of long-term debt -€30,968
down €30,968 (-46.1%), from €67,176 to €36,208
- Trade debts -€28,322
down €28,322 (-74.3%), from €38,104 to €9,782
Income statement
- Staff costs +€99,980
up €99,980 (+25.9%), from €386,545 to €486,525
- Financial charges +€8,216
up €8,216 (+158.9%), from €5,170 to €13,386
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
-€2,362
Gross operating margin
-€2,527
Staff costs
-€99,980
Depreciation
+€3,716
Other operating charges
+€3,663
Financial income
-€1,590
Financial charges
-€8,216
Taxes
-€29
Result 2025
-€107,325
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
-€178,401
Investment
-€105,531
Financing
+€130,487
Cash 2024
€207,744
From operations (derived)
-€178,401
Net result for the year
-€107,325
Depreciation
+€116,133
Receivables after one year
-€165,223
Receivables within one year
+€498,683
Deferred charges and accrued income
+€10,480
Trade debts
-€28,322
Tax, wage and social debts
+€6,104
Accrued charges and deferred income
-€508,931
Investment (derived)
-€105,531
Investment in fixed assets (net)
-€110,761
Current investments
+€5,230
Financing
+€130,487
Debts after one year
+€11,455
Current portion of long-term debt
-€30,968
Short-term financial debts
+€150,000
Cash 2025
€54,299
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,401,171 | €893,184 | -€507,987 | -36.3% |
| Fixed assets | 21/28 | €330,639 | €325,267 | -€5,372 | -1.6% |
| Intangible fixed assets | 21 | €219,540 | €217,837 | -€1,703 | -0.8% |
| Tangible fixed assets | 22/27 | €60,949 | €55,280 | -€5,669 | -9.3% |
| Plant, machinery and equipment | 23 | €36,629 | €33,582 | -€3,047 | -8.3% |
| Furniture and vehicles | 24 | €3,878 | €2,986 | -€892 | -23.0% |
| Other tangible fixed assets | 26 | €20,442 | €18,712 | -€1,730 | -8.5% |
| Financial fixed assets | 28 | €50,150 | €52,150 | +€2,000 | +4.0% |
| Current assets | 29/58 | €1,070,532 | €567,917 | -€502,615 | -47.0% |
| Amounts receivable after more than one year | 29 | - | €165,223 | +€165,223 | |
| Other amounts receivable | 291 | - | €165,223 | +€165,223 | |
| Amounts receivable within one year | 40/41 | €841,504 | €342,821 | -€498,683 | -59.3% |
| Trade receivables | 40 | €186,782 | €169,045 | -€17,737 | -9.5% |
| Other amounts receivable | 41 | €654,722 | €173,776 | -€480,946 | -73.5% |
| Current investments | 50/53 | €5,230 | - | -€5,230 | |
| Cash at bank and in hand | 54/58 | €207,744 | €54,299 | -€153,445 | -73.9% |
| Deferred charges and accrued income | 490/1 | €16,054 | €5,574 | -€10,480 | -65.3% |
| Total equity and liabilities | 10/49 | €1,401,171 | €893,184 | -€507,987 | -36.3% |
| Equity | 10/15 | €451,112 | €343,787 | -€107,325 | -23.8% |
| Contributions | 10/11 | €355,350 | €355,350 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | €293,850 | €293,850 | = | 0.0% |
| Other | 1109/19 | €293,850 | €293,850 | = | 0.0% |
| Reserves | 13 | €49,095 | €49,095 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €42,945 | €42,945 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,667 | -€60,658 | -€107,325 | |
| Amounts payable | 17/49 | €950,059 | €549,397 | -€400,662 | -42.2% |
| Amounts payable after more than one year | 17 | - | €11,455 | +€11,455 | |
| Financial debts | 170/4 | - | €11,455 | +€11,455 | |
| Amounts payable within one year | 42/48 | €266,356 | €363,170 | +€96,814 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €67,176 | €36,208 | -€30,968 | -46.1% |
| Financial debts | 43 | €100,000 | €250,000 | +€150,000 | +150.0% |
| Credit institutions | 430/8 | €100,000 | €250,000 | +€150,000 | +150.0% |
| Trade debts | 44 | €38,104 | €9,782 | -€28,322 | -74.3% |
| Suppliers | 440/4 | €38,104 | €9,782 | -€28,322 | -74.3% |
| Taxes, remuneration and social security | 45 | €61,076 | €67,180 | +€6,104 | +10.0% |
| Taxes | 450/3 | €3,334 | €4,781 | +€1,447 | +43.4% |
| Remuneration and social security | 454/9 | €57,742 | €62,399 | +€4,657 | +8.1% |
| Accrued charges and deferred income | 492/3 | €683,703 | €174,772 | -€508,931 | -74.4% |
| Remuneration, social security and pensions | 62 | €386,545 | €486,525 | +€99,980 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,849 | €116,133 | -€3,716 | -3.1% |
| Other operating charges | 640/8 | €4,862 | €1,199 | -€3,663 | -75.3% |
| Gross operating margin | 9900 | €511,234 | €508,707 | -€2,527 | -0.5% |
| Operating profit (loss) | 9901 | -€22 | -€95,150 | -€95,128 | -432400.0% |
| Financial income | 75/76B | €2,834 | €1,244 | -€1,590 | -56.1% |
| Recurring financial income | 75 | €2,834 | €1,244 | -€1,590 | -56.1% |
| Financial charges | 65/66B | €5,170 | €13,386 | +€8,216 | +158.9% |
| Recurring financial charges | 65 | €5,170 | €13,386 | +€8,216 | +158.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,358 | -€107,292 | -€104,934 | -4450.1% |
| Income taxes | 67/77 | €4 | €33 | +€29 | +725.0% |
| Profit (loss) for the period | 9904 | -€2,362 | -€107,325 | -€104,963 | -4443.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,362 | -€107,325 | -€104,963 | -4443.8% |
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 5 October 2026 via checked.be.