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Right 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.

What changed

Right Stone

BE 0728.477.324
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€18,428
2024 · -€59,571+€41,143
Equity
€125,575
2024 · €144,002-€18,428
Cash
€1,050
2024 · €4,610-€3,560
Balance sheet total
€1.5m
2024 · €1.2m+€317,410

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€315,033

    up €315,033 (+42.8%), from €735,233 to €1.1m

    of which Land and buildings: +€307,246

Equity and liabilities
  • Debts after one year +€322,760

    up €322,760 (+70.7%), from €456,515 to €779,275

  • Trade debts -€108,355

    down €108,355 (-93.1%), from €116,428 to €8,073

  • Other debts +€105,555

    up €105,555 (+24.5%), from €430,509 to €536,063

  • Current portion of long-term debt +€19,800

    up €19,800 (+44.7%), from €44,312 to €64,113

  • Profit (loss) carried forward -€18,428

    down €18,428 (-7.1%), from -€259,498 to -€277,925

Income statement
  • Gross operating margin +€84,284

    up €84,284, from -€14,682 to €69,603

  • Depreciation +€26,405

    up €26,405 (+144.4%), from €18,287 to €44,692

  • Financial charges +€16,120

    up €16,120 (+81.2%), from €19,858 to €35,979

From the 2024 result to the 2025 result

effect on the 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 -€59,571
Gross operating margin +€84,284
Depreciation -€26,405
Other operating charges -€526
Financial income -€90
Financial charges -€16,120
Result 2025 -€18,428

Cash bridge derived

cash 2024 to 2025

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 +€13,605
Investment -€359,725
Financing +€342,560
Cash 2024 €4,610
Net result for the year -€18,428
Depreciation +€44,692
Receivables within one year -€4,719
Deferred charges and accrued income -€1,217
Trade debts -€108,355
Tax, wage and social debts +€2,672
Other debts +€105,555
Accrued charges and deferred income -€6,595
Investment in fixed assets (net) -€359,725
Debts after one year +€322,760
Current portion of long-term debt +€19,800
Cash 2025 €1,050
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,203,644 €1,521,053 +€317,410 +26.4%
Fixed assets 21/28 €1,185,502 €1,500,536 +€315,033 +26.6%
Tangible fixed assets 22/27 €735,233 €1,050,266 +€315,033 +42.8%
Land and buildings 22 €735,233 €1,042,479 +€307,246 +41.8%
Furniture and vehicles 24 - €7,787 +€7,787
Financial fixed assets 28 €450,269 €450,269 = 0.0%
Current assets 29/58 €18,141 €20,518 +€2,376 +13.1%
Amounts receivable within one year 40/41 €12,015 €16,734 +€4,719 +39.3%
Trade receivables 40 €457 €726 +€269 +59.0%
Other amounts receivable 41 €11,558 €16,008 +€4,450 +38.5%
Cash at bank and in hand 54/58 €4,610 €1,050 -€3,560 -77.2%
Deferred charges and accrued income 490/1 €1,516 €2,733 +€1,217 +80.3%
Total equity and liabilities 10/49 €1,203,644 €1,521,053 +€317,410 +26.4%
Equity 10/15 €144,002 €125,575 -€18,428 -12.8%
Contributions 10/11 €403,500 €403,500 = 0.0%
Profit (loss) carried forward 14 -€259,498 -€277,925 -€18,428 -7.1%
Amounts payable 17/49 €1,059,641 €1,395,479 +€335,838 +31.7%
Amounts payable after more than one year 17 €456,515 €779,275 +€322,760 +70.7%
Financial debts 170/4 €456,515 €779,275 +€322,760 +70.7%
Amounts payable within one year 42/48 €596,531 €616,204 +€19,672 +3.3%
Current portion of amounts payable after more than one year 42 €44,312 €64,113 +€19,800 +44.7%
Trade debts 44 €116,428 €8,073 -€108,355 -93.1%
Suppliers 440/4 €116,428 €8,073 -€108,355 -93.1%
Taxes, remuneration and social security 45 €5,283 €7,955 +€2,672 +50.6%
Taxes 450/3 €5,283 €7,955 +€2,672 +50.6%
Other amounts payable 47/48 €430,509 €536,063 +€105,555 +24.5%
Accrued charges and deferred income 492/3 €6,595 - -€6,595
Non-recurring operating income 76A - €89,571 +€89,571
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €18,287 €44,692 +€26,405 +144.4%
Other operating charges 640/8 €6,833 €7,360 +€526 +7.7%
Gross operating margin 9900 -€14,682 €69,603 +€84,284
Operating profit (loss) 9901 -€39,802 €17,551 +€57,353
Financial income 75/76B €90 - -€90
Recurring financial income 75 €90 - -€90
Financial charges 65/66B €19,858 €35,979 +€16,120 +81.2%
Recurring financial charges 65 €19,858 €35,979 +€16,120 +81.2%
Profit (loss) for the period before taxes 9903 -€59,571 -€18,428 +€41,143 +69.1%
Profit (loss) for the period 9904 -€59,571 -€18,428 +€41,143 +69.1%
Profit (loss) for the period to be appropriated 9905 -€59,571 -€18,428 +€41,143 +69.1%

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 4 October 2026 via checked.be.