Real 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.
Real Stone
Largest movements
- Cash +€328,857
up €328,857 (+281.3%), from €116,889 to €445,745
mainly Investment in fixed assets (net) (+€309,935) and Net result for the year (+€64,410)
- Tangible fixed assets -€311,288
no longer reported in 2025 (was €311,288)
of which Land and buildings: -€309,935
- Receivables within one year +€11,006
up €11,006 (+256.2%), from €4,295 to €15,301
of which Trade receivables: +€7,627
- Reserves +€64,410
up €64,410 (+22.1%), from €291,597 to €356,007
- Provisions -€28,800
no longer reported in 2025 (was €28,800)
- Tax, wage and social debts -€20,015
down €20,015 (-96.1%), from €20,819 to €804
- Other debts +€12,915
up €12,915 (+16.7%), from €77,144 to €90,059
- Gross operating margin -€57,992
down €57,992 (-55.4%), from €104,659 to €46,667
- Provisions -€28,800
new in 2025: -€28,800
- Write-downs -€24,040
new in 2025: -€24,040
- Depreciation -€9,787
down €9,787 (-87.9%), from €11,140 to €1,353
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 | €434,965 | €461,047 | +€26,081 | +6.0% |
| Fixed assets | 21/28 | €311,288 | - | -€311,288 | |
| Tangible fixed assets | 22/27 | €311,288 | - | -€311,288 | |
| Land and buildings | 22 | €309,935 | - | -€309,935 | |
| Furniture and vehicles | 24 | €1,353 | - | -€1,353 | |
| Current assets | 29/58 | €123,677 | €461,047 | +€337,370 | +272.8% |
| Amounts receivable within one year | 40/41 | €4,295 | €15,301 | +€11,006 | +256.2% |
| Trade receivables | 40 | €2,742 | €10,369 | +€7,627 | +278.2% |
| Other amounts receivable | 41 | €1,553 | €4,932 | +€3,379 | +217.5% |
| Cash at bank and in hand | 54/58 | €116,889 | €445,745 | +€328,857 | +281.3% |
| Deferred charges and accrued income | 490/1 | €2,493 | - | -€2,493 | |
| Total equity and liabilities | 10/49 | €434,965 | €461,047 | +€26,081 | +6.0% |
| Equity | 10/15 | €299,199 | €363,609 | +€64,410 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €291,597 | €356,007 | +€64,410 | +22.1% |
| Distributable reserves | 133 | €291,597 | €356,007 | +€64,410 | +22.1% |
| Profit (loss) carried forward | 14 | €1,402 | €1,402 | = | 0.0% |
| Provisions and deferred taxes | 16 | €28,800 | - | -€28,800 | |
| Provisions for liabilities and charges | 160/5 | €28,800 | - | -€28,800 | |
| Other liabilities and charges | 164/5 | €28,800 | - | -€28,800 | |
| Amounts payable | 17/49 | €106,966 | €97,438 | -€9,529 | -8.9% |
| Amounts payable within one year | 42/48 | €106,966 | €97,438 | -€9,529 | -8.9% |
| Trade debts | 44 | €9,004 | €6,575 | -€2,429 | -27.0% |
| Suppliers | 440/4 | €9,004 | €6,575 | -€2,429 | -27.0% |
| Taxes, remuneration and social security | 45 | €20,819 | €804 | -€20,015 | -96.1% |
| Taxes | 450/3 | €20,819 | €804 | -€20,015 | -96.1% |
| Other amounts payable | 47/48 | €77,144 | €90,059 | +€12,915 | +16.7% |
| Non-recurring operating income | 76A | - | €55,065 | +€55,065 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,140 | €1,353 | -€9,787 | -87.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€24,040 | -€24,040 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€28,800 | -€28,800 | |
| Other operating charges | 640/8 | €1,670 | €2,691 | +€1,020 | +61.1% |
| Gross operating margin | 9900 | €104,659 | €46,667 | -€57,992 | -55.4% |
| Operating profit (loss) | 9901 | €91,849 | €95,463 | +€3,615 | +3.9% |
| Financial income | 75/76B | €3 | €0 | -€2 | -84.5% |
| Recurring financial income | 75 | €3 | €0 | -€2 | -84.5% |
| Financial charges | 65/66B | €1,144 | €517 | -€628 | -54.9% |
| Recurring financial charges | 65 | €1,144 | €517 | -€628 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | €90,707 | €94,947 | +€4,240 | +4.7% |
| Income taxes | 67/77 | €30,090 | €30,537 | +€447 | +1.5% |
| Profit (loss) for the period | 9904 | €60,617 | €64,410 | +€3,793 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,617 | €64,410 | +€3,793 | +6.3% |
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 7 October 2026 via checked.be.