PROJCT STONE: 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.
PROJCT STONE
Largest movements
- Cash +€67,163
up €67,163 (+128.3%), from €52,346 to €119,509
mainly Net result for the year (+€49,226) and Tax, wage and social debts (+€6,785)
- Receivables within one year -€4,079
down €4,079 (-24.8%), from €16,429 to €12,350
- Tangible fixed assets -€1,481
down €1,481 (-54.0%), from €2,743 to €1,261
- Reserves +€49,226
up €49,226 (+87.8%), from €56,070 to €105,296
- Tax, wage and social debts +€6,785
up €6,785 (+47.7%), from €14,236 to €21,020
of which Taxes: +€7,785
- Other debts +€3,691
new in 2026: €3,691
- Trade debts +€1,610
up €1,610 (+197.8%), from €814 to €2,424
- Gross operating margin +€42,527
up €42,527 (+162.1%), from €26,229 to €68,756
- Taxes +€8,656
up €8,656 (+145.5%), from €5,949 to €14,605
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,119 | €134,432 | +€61,312 | +83.9% |
| Fixed assets | 21/28 | €2,743 | €1,261 | -€1,481 | -54.0% |
| Tangible fixed assets | 22/27 | €2,743 | €1,261 | -€1,481 | -54.0% |
| Furniture and vehicles | 24 | €2,743 | €1,261 | -€1,481 | -54.0% |
| Current assets | 29/58 | €70,377 | €133,170 | +€62,793 | +89.2% |
| Amounts receivable within one year | 40/41 | €16,429 | €12,350 | -€4,079 | -24.8% |
| Trade receivables | 40 | €16,429 | €12,350 | -€4,079 | -24.8% |
| Cash at bank and in hand | 54/58 | €52,346 | €119,509 | +€67,163 | +128.3% |
| Deferred charges and accrued income | 490/1 | €1,602 | €1,311 | -€291 | -18.2% |
| Total equity and liabilities | 10/49 | €73,119 | €134,432 | +€61,312 | +83.9% |
| Equity | 10/15 | €58,070 | €107,296 | +€49,226 | +84.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,070 | €105,296 | +€49,226 | +87.8% |
| Distributable reserves | 133 | €56,070 | €105,296 | +€49,226 | +87.8% |
| Amounts payable | 17/49 | €15,050 | €27,136 | +€12,086 | +80.3% |
| Amounts payable within one year | 42/48 | €15,050 | €27,136 | +€12,086 | +80.3% |
| Trade debts | 44 | €814 | €2,424 | +€1,610 | +197.8% |
| Suppliers | 440/4 | €814 | €2,424 | +€1,610 | +197.8% |
| Taxes, remuneration and social security | 45 | €14,236 | €21,020 | +€6,785 | +47.7% |
| Taxes | 450/3 | €13,236 | €21,020 | +€7,785 | +58.8% |
| Remuneration and social security | 454/9 | €1,000 | €0 | -€1,000 | -100.0% |
| Other amounts payable | 47/48 | - | €3,691 | +€3,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,198 | €1,481 | +€283 | +23.6% |
| Other operating charges | 640/8 | €840 | €1,054 | +€214 | +25.5% |
| Gross operating margin | 9900 | €26,229 | €68,756 | +€42,527 | +162.1% |
| Operating profit (loss) | 9901 | €24,191 | €66,221 | +€42,030 | +173.7% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €2,516 | €2,390 | -€126 | -5.0% |
| Recurring financial charges | 65 | €2,516 | €2,390 | -€126 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €21,695 | €63,831 | +€42,136 | +194.2% |
| Income taxes | 67/77 | €5,949 | €14,605 | +€8,656 | +145.5% |
| Profit (loss) for the period | 9904 | €15,746 | €49,226 | +€33,480 | +212.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,746 | €49,226 | +€33,480 | +212.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.