Stage and 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.
Stage and Stone
Largest movements
- Receivables within one year -€6,222
down €6,222 (-25.9%), from €24,004 to €17,782
- Tangible fixed assets -€4,147
down €4,147 (-3.7%), from €112,293 to €108,145
of which Land and buildings: -€3,740
- Other debts -€6,802
down €6,802 (-66.1%), from €10,292 to €3,490
- Debts after one year -€5,832
down €5,832 (-6.6%), from €88,650 to €82,818
of which Financial debts: -€5,832
- Trade debts +€3,374
up €3,374 (+57.3%), from €5,886 to €9,261
- Profit (loss) carried forward -€1,499
down €1,499 (-5.9%), from €25,343 to €23,844
- Gross operating margin -€2,357
down €2,357 (-29.6%), from €7,950 to €5,593
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 | €142,980 | €133,030 | -€9,951 | -7.0% |
| Fixed assets | 21/28 | €112,493 | €108,145 | -€4,347 | -3.9% |
| Tangible fixed assets | 22/27 | €112,293 | €108,145 | -€4,147 | -3.7% |
| Land and buildings | 22 | €109,030 | €105,291 | -€3,740 | -3.4% |
| Other tangible fixed assets | 26 | - | €2,855 | +€2,855 | |
| Assets under construction and advance payments | 27 | €3,262 | - | -€3,262 | |
| Financial fixed assets | 28 | €200 | - | -€200 | |
| Current assets | 29/58 | €30,487 | €24,884 | -€5,603 | -18.4% |
| Amounts receivable within one year | 40/41 | €24,004 | €17,782 | -€6,222 | -25.9% |
| Trade receivables | 40 | €24,004 | €17,782 | -€6,222 | -25.9% |
| Current investments | 50/53 | €5,752 | €5,752 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €731 | €1,350 | +€618 | +84.6% |
| Total equity and liabilities | 10/49 | €142,980 | €133,030 | -€9,951 | -7.0% |
| Equity | 10/15 | €29,400 | €27,902 | -€1,499 | -5.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €57 | €57 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57 | €57 | = | 0.0% |
| Other | 1319 | €57 | €57 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,343 | €23,844 | -€1,499 | -5.9% |
| Amounts payable | 17/49 | €113,580 | €105,128 | -€8,452 | -7.4% |
| Amounts payable after more than one year | 17 | €88,650 | €82,818 | -€5,832 | -6.6% |
| Financial debts | 170/4 | €59,650 | €53,818 | -€5,832 | -9.8% |
| Other amounts payable | 178/9 | €29,000 | €29,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,930 | €20,960 | -€3,970 | -15.9% |
| Current portion of amounts payable after more than one year | 42 | €5,686 | €5,832 | +€146 | +2.6% |
| Trade debts | 44 | €5,886 | €9,261 | +€3,374 | +57.3% |
| Suppliers | 440/4 | €5,886 | €9,261 | +€3,374 | +57.3% |
| Taxes, remuneration and social security | 45 | €3,066 | €2,378 | -€688 | -22.4% |
| Taxes | 450/3 | €3,066 | €2,378 | -€688 | -22.4% |
| Other amounts payable | 47/48 | €10,292 | €3,490 | -€6,802 | -66.1% |
| Accrued charges and deferred income | 492/3 | - | €1,350 | +€1,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,147 | €4,147 | = | 0.0% |
| Other operating charges | 640/8 | €1,326 | €1,350 | +€24 | +1.8% |
| Gross operating margin | 9900 | €7,950 | €5,593 | -€2,357 | -29.6% |
| Operating profit (loss) | 9901 | €2,477 | €96 | -€2,381 | -96.1% |
| Financial charges | 65/66B | €1,591 | €1,595 | +€3 | +0.2% |
| Recurring financial charges | 65 | €1,591 | €1,595 | +€3 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €885 | -€1,499 | -€2,384 | |
| Profit (loss) for the period | 9904 | €885 | -€1,499 | -€2,384 | |
| Profit (loss) for the period to be appropriated | 9905 | €885 | -€1,499 | -€2,384 |
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 22 October 2026 via checked.be.