STONAREST: 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.
STONAREST
Largest movements
- Cash -€138,228
down €138,228 (-66.8%), from €206,933 to €68,705
mainly Debts after one year (-€145,542) and Trade debts (-€91,803)
- Tangible fixed assets -€98,906
down €98,906 (-14.5%), from €683,780 to €584,874
of which Plant, machinery and equipment: -€99,146
- Receivables within one year +€50,824
up €50,824 (+18.9%), from €268,877 to €319,701
of which Other amounts receivable: +€35,401
- Debts after one year -€145,542
down €145,542 (-60.1%), from €241,966 to €96,423
- Trade debts -€91,803
down €91,803 (-26.5%), from €346,099 to €254,295
- Reserves +€30,900
up €30,900 (+45.6%), from €67,785 to €98,685
- Other debts +€29,989
up €29,989 (+21077.7%), from €142 to €30,132
- Gross operating margin +€112,610
up €112,610 (+15.4%), from €732,826 to €845,436
- Staff costs +€89,948
up €89,948 (+16.5%), from €546,301 to €636,250
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 | €1,197,780 | €1,022,714 | -€175,065 | -14.6% |
| Fixed assets | 21/28 | €684,375 | €585,469 | -€98,906 | -14.5% |
| Tangible fixed assets | 22/27 | €683,780 | €584,874 | -€98,906 | -14.5% |
| Plant, machinery and equipment | 23 | €680,827 | €581,681 | -€99,146 | -14.6% |
| Furniture and vehicles | 24 | €2,953 | €3,193 | +€240 | +8.1% |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €513,404 | €437,245 | -€76,159 | -14.8% |
| Stocks and contracts in progress | 3 | €15,871 | €19,660 | +€3,788 | +23.9% |
| Stocks | 30/36 | €15,871 | €19,660 | +€3,788 | +23.9% |
| Amounts receivable within one year | 40/41 | €268,877 | €319,701 | +€50,824 | +18.9% |
| Trade receivables | 40 | €11,088 | €26,511 | +€15,422 | +139.1% |
| Other amounts receivable | 41 | €257,789 | €293,190 | +€35,401 | +13.7% |
| Cash at bank and in hand | 54/58 | €206,933 | €68,705 | -€138,228 | -66.8% |
| Deferred charges and accrued income | 490/1 | €21,723 | €29,179 | +€7,457 | +34.3% |
| Total equity and liabilities | 10/49 | €1,197,780 | €1,022,714 | -€175,065 | -14.6% |
| Equity | 10/15 | €392,785 | €423,685 | +€30,900 | +7.9% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €67,785 | €98,685 | +€30,900 | +45.6% |
| Distributable reserves | 133 | €67,785 | €98,685 | +€30,900 | +45.6% |
| Amounts payable | 17/49 | €804,995 | €599,029 | -€205,966 | -25.6% |
| Amounts payable after more than one year | 17 | €241,966 | €96,423 | -€145,542 | -60.1% |
| Financial debts | 170/4 | €241,966 | €96,423 | -€145,542 | -60.1% |
| Amounts payable within one year | 42/48 | €562,648 | €502,366 | -€60,282 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €150,767 | €145,542 | -€5,225 | -3.5% |
| Financial debts | 43 | €5,462 | €9,708 | +€4,246 | +77.7% |
| Credit institutions | 430/8 | - | €4,649 | +€4,649 | |
| Other loans | 439 | €5,462 | €5,059 | -€403 | -7.4% |
| Trade debts | 44 | €346,099 | €254,295 | -€91,803 | -26.5% |
| Suppliers | 440/4 | €346,099 | €254,295 | -€91,803 | -26.5% |
| Taxes, remuneration and social security | 45 | €60,178 | €62,689 | +€2,511 | +4.2% |
| Taxes | 450/3 | €3,360 | €1,889 | -€1,471 | -43.8% |
| Remuneration and social security | 454/9 | €56,818 | €60,801 | +€3,983 | +7.0% |
| Other amounts payable | 47/48 | €142 | €30,132 | +€29,989 | +21077.7% |
| Accrued charges and deferred income | 492/3 | €381 | €240 | -€141 | -37.1% |
| Remuneration, social security and pensions | 62 | €546,301 | €636,250 | +€89,948 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,404 | €136,503 | +€5,099 | +3.9% |
| Other operating charges | 640/8 | €10,715 | €8,974 | -€1,740 | -16.2% |
| Gross operating margin | 9900 | €732,826 | €845,436 | +€112,610 | +15.4% |
| Operating profit (loss) | 9901 | €44,406 | €63,709 | +€19,303 | +43.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €16,901 | €16,827 | -€74 | -0.4% |
| Recurring financial charges | 65 | €16,901 | €16,827 | -€74 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €27,505 | €46,882 | +€19,377 | +70.4% |
| Income taxes | 67/77 | €12,421 | €15,982 | +€3,561 | +28.7% |
| Profit (loss) for the period | 9904 | €15,084 | €30,900 | +€15,816 | +104.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,084 | €30,900 | +€15,816 | +104.9% |
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 29 September 2026 via checked.be.