R-STONE: 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.
R-STONE
Largest movements
- Receivables within one year +€4,981
up €4,981 (+31.4%), from €15,881 to €20,862
of which Trade receivables: +€4,078
- Cash -€1,397
down €1,397 (-15.5%), from €8,996 to €7,599
mainly Net result for the year (-€14,224) and Receivables within one year (-€4,981)
- Tangible fixed assets -€422
down €422 (-42.1%), from €1,002 to €581
of which Plant, machinery and equipment: -€292
- Other debts +€15,724
up €15,724 (+45.9%), from €34,237 to €49,961
- Profit (loss) carried forward -€14,224
down €14,224 (-39.0%), from -€36,496 to -€50,720
- Trade debts +€3,512
up €3,512 (+43.8%), from €8,020 to €11,531
- Tax, wage and social debts -€1,674
no longer reported in 2025 (was €1,674)
of which Remuneration and social security: -€1,345
- Gross operating margin -€28,634
down €28,634, from €16,810 to -€11,823
- Depreciation -€421
down €421 (-50.0%), from €843 to €422
- Financial charges -€308
down €308 (-24.5%), from €1,258 to €950
- Other operating charges -€170
down €170 (-14.1%), from €1,200 to €1,030
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 | €26,082 | €29,372 | +€3,290 | +12.6% |
| Fixed assets | 21/28 | €1,002 | €581 | -€422 | -42.1% |
| Tangible fixed assets | 22/27 | €1,002 | €581 | -€422 | -42.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €873 | €581 | -€292 | -33.5% |
| Furniture and vehicles | 24 | €130 | €0 | -€130 | -100% |
| Current assets | 29/58 | €25,080 | €28,791 | +€3,712 | +14.8% |
| Amounts receivable within one year | 40/41 | €15,881 | €20,862 | +€4,981 | +31.4% |
| Trade receivables | 40 | €15,174 | €19,253 | +€4,078 | +26.9% |
| Other amounts receivable | 41 | €707 | €1,609 | +€902 | +128% |
| Cash at bank and in hand | 54/58 | €8,996 | €7,599 | -€1,397 | -15.5% |
| Deferred charges and accrued income | 490/1 | €202 | €330 | +€128 | +63.3% |
| Total equity and liabilities | 10/49 | €26,082 | €29,372 | +€3,290 | +12.6% |
| Equity | 10/15 | -€17,896 | -€32,120 | -€14,224 | -79.5% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,496 | -€50,720 | -€14,224 | -39.0% |
| Amounts payable | 17/49 | €43,978 | €61,493 | +€17,514 | +39.8% |
| Amounts payable within one year | 42/48 | €43,931 | €61,493 | +€17,562 | +40.0% |
| Trade debts | 44 | €8,020 | €11,531 | +€3,512 | +43.8% |
| Suppliers | 440/4 | €8,020 | €11,531 | +€3,512 | +43.8% |
| Taxes, remuneration and social security | 45 | €1,674 | - | -€1,674 | |
| Taxes | 450/3 | €329 | - | -€329 | |
| Remuneration and social security | 454/9 | €1,345 | - | -€1,345 | |
| Other amounts payable | 47/48 | €34,237 | €49,961 | +€15,724 | +45.9% |
| Accrued charges and deferred income | 492/3 | €47 | - | -€47 | |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €843 | €422 | -€421 | -50.0% |
| Other operating charges | 640/8 | €1,200 | €1,030 | -€170 | -14.1% |
| Gross operating margin | 9900 | €16,810 | -€11,823 | -€28,634 | |
| Operating profit (loss) | 9901 | €14,767 | -€13,275 | -€28,043 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,258 | €950 | -€308 | -24.5% |
| Recurring financial charges | 65 | €1,258 | €950 | -€308 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €13,509 | -€14,224 | -€27,734 | |
| Profit (loss) for the period | 9904 | €13,509 | -€14,224 | -€27,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,509 | -€14,224 | -€27,734 |
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 20 October 2026 via checked.be.