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
STONE
NACE 23.310, Manufacture of other non-metallic mineral products
fiscal year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
-€2.1m
2023 · €8,503-€2.1m
Equity
€85,579
2023 · €1.1m-€1.0m
Cash
€388,785
2023 · €210,969+€177,816
Balance sheet total
€8.8m
2023 · €9.3m-€545,705
Largest movements
Assets
- Stocks and contracts -€1.2m
down €1.2m (-25.8%), from €4.7m to €3.5m
of which Stocks: -€1.2m
- Tangible fixed assets +€1.2m
up €1.2m (+122.7%), from €937,690 to €2.1m
of which Plant, machinery and equipment: +€1.0m
- Receivables within one year -€474,179
down €474,179 (-15.9%), from €3.0m to €2.5m
of which Trade receivables: -€621,586
- Cash +€177,816
up €177,816 (+84.3%), from €210,969 to €388,785
- Formation expenses -€146,433
down €146,433 (-49.5%), from €295,942 to €149,509
Equity and liabilities
- Profit (loss) carried forward -€2.1m
down €2.1m (-41996.7%), from -€4,904 to -€2.1m
- Revaluation surpluses +€1.1m
new in 2025: €1.1m
- Trade debts +€271,252
up €271,252 (+7.8%), from €3.5m to €3.7m
- Debts after one year +€206,475
up €206,475 (+196.4%), from €105,139 to €311,614
of which Financial debts: +€106,475
- Advances received -€147,745
down €147,745 (-41.2%), from €358,826 to €211,081
Income statement
- Turnover +€6.4m
up €6.4m (+37.4%), from €17.1m to €23.4m
- Goods and materials +€5.0m
up €5.0m (+50.3%), from €9.8m to €14.8m
of which Purchases: +€3.6m
- Staff costs +€1.7m
up €1.7m (+52.1%), from €3.3m to €5.0m
- Services and other goods +€1.7m
up €1.7m (+50.6%), from €3.3m to €5.0m
From the 2023 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.
Result 2023
€8,503
Turnover
+€6.4m
Other operating income
-€6,068
Goods and materials
-€5.0m
Services and other goods
-€1.7m
Staff costs
-€1.7m
Depreciation
-€52,420
Write-downs
+€148,599
Other operating charges
-€12,634
Other operating items
-€48,739
Financial income
+€34,562
Financial charges
-€166,078
Taxes
-€3,975
Result 2025
-€2.1m
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,339,786 | €8,794,081 | -€545,705 | -5.8% |
| Formation expenses | 20 | €295,942 | €149,509 | -€146,433 | -49.5% |
| Fixed assets | 21/28 | €1,057,264 | €2,186,521 | +€1.1m | +106.8% |
| Intangible fixed assets | 21 | €119,424 | €98,397 | -€21,028 | -17.6% |
| Tangible fixed assets | 22/27 | €937,690 | €2,087,774 | +€1.2m | +122.7% |
| Plant, machinery and equipment | 23 | €339,184 | €1,381,415 | +€1.0m | +307.3% |
| Furniture and vehicles | 24 | €161,822 | €120,301 | -€41,521 | -25.7% |
| Leasing and similar rights | 25 | €179,843 | €334,579 | +€154,736 | +86.0% |
| Other tangible fixed assets | 26 | €256,841 | €251,480 | -€5,361 | -2.1% |
| Financial fixed assets | 28 | €150 | €350 | +€200 | +133.3% |
| Other financial fixed assets | 284/8 | €150 | €350 | +€200 | +133.3% |
| Amounts receivable and cash guarantees | 285/8 | €150 | €350 | +€200 | +133.3% |
| Current assets | 29/58 | €7,986,580 | €6,458,051 | -€1.5m | -19.1% |
| Stocks and contracts in progress | 3 | €4,693,134 | €3,484,134 | -€1.2m | -25.8% |
| Stocks | 30/36 | €4,579,499 | €3,402,741 | -€1.2m | -25.7% |
| Raw materials and consumables | 30/31 | €188,561 | €200,959 | +€12,398 | +6.6% |
| Finished goods | 33 | €1,837 | - | -€1,837 | |
| Goods purchased for resale | 34 | €4,389,101 | €3,201,781 | -€1.2m | -27.1% |
| Contracts in progress | 37 | €113,635 | €81,393 | -€32,242 | -28.4% |
| Amounts receivable within one year | 40/41 | €2,988,195 | €2,514,016 | -€474,179 | -15.9% |
| Trade receivables | 40 | €2,515,198 | €1,893,612 | -€621,586 | -24.7% |
| Other amounts receivable | 41 | €472,997 | €620,404 | +€147,407 | +31.2% |
| Cash at bank and in hand | 54/58 | €210,969 | €388,785 | +€177,816 | +84.3% |
| Deferred charges and accrued income | 490/1 | €94,282 | €71,116 | -€23,166 | -24.6% |
| Total equity and liabilities | 10/49 | €9,339,786 | €8,794,081 | -€545,705 | -5.8% |
| Equity | 10/15 | €1,095,096 | €85,579 | -€1.0m | -92.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,050,000 | +€1.1m | |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,904 | -€2,064,421 | -€2.1m | -41996.7% |
| Amounts payable | 17/49 | €8,244,690 | €8,708,502 | +€463,812 | +5.6% |
| Amounts payable after more than one year | 17 | €105,139 | €311,614 | +€206,475 | +196.4% |
| Financial debts | 170/4 | €105,139 | €211,614 | +€106,475 | +101.3% |
| Leasing and similar obligations | 172 | €105,139 | €178,952 | +€73,813 | +70.2% |
| Credit institutions | 173 | - | €32,661 | +€32,661 | |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €8,139,161 | €8,336,888 | +€197,727 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €49,185 | €92,523 | +€43,338 | +88.1% |
| Financial debts | 43 | €3,883,876 | €3,773,908 | -€109,968 | -2.8% |
| Credit institutions | 430/8 | €3,883,876 | €3,773,908 | -€109,968 | -2.8% |
| Trade debts | 44 | €3,459,711 | €3,730,963 | +€271,252 | +7.8% |
| Suppliers | 440/4 | €3,459,711 | €3,730,963 | +€271,252 | +7.8% |
| Advances received on contracts in progress | 46 | €358,826 | €211,081 | -€147,745 | -41.2% |
| Taxes, remuneration and social security | 45 | €378,785 | €524,480 | +€145,695 | +38.5% |
| Taxes | 450/3 | €66,210 | €143,078 | +€76,868 | +116.1% |
| Remuneration and social security | 454/9 | €312,575 | €381,401 | +€68,826 | +22.0% |
| Other amounts payable | 47/48 | €8,778 | €3,934 | -€4,844 | -55.2% |
| Accrued charges and deferred income | 492/3 | €390 | €60,000 | +€59,610 | +15284.6% |
| Operating income | 70/76A | €17,172,349 | €23,502,706 | +€6.3m | +36.9% |
| Turnover | 70 | €17,064,104 | €23,446,656 | +€6.4m | +37.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €371 | -€51,000 | -€51,371 | |
| Other operating income | 74 | €107,126 | €101,058 | -€6,068 | -5.7% |
| Non-recurring operating income | 76A | €748 | €5,992 | +€5,244 | +701.0% |
| Operating charges | 60/66A | €16,893,128 | €25,156,015 | +€8.3m | +48.9% |
| Goods for resale, raw materials and consumables | 60 | €9,838,193 | €14,790,778 | +€5.0m | +50.3% |
| Purchases | 600/8 | €9,862,110 | €13,438,778 | +€3.6m | +36.3% |
| Change in stocks: decrease (increase) | 609 | -€23,917 | €1,352,000 | +€1.4m | |
| Services and other goods | 61 | €3,348,186 | €5,043,339 | +€1.7m | +50.6% |
| Remuneration, social security and pensions | 62 | €3,258,515 | €4,954,598 | +€1.7m | +52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €459,432 | €511,852 | +€52,420 | +11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€33,985 | -€182,584 | -€148,599 | -437.2% |
| Other operating charges | 640/8 | €22,787 | €35,421 | +€12,634 | +55.4% |
| Non-recurring operating charges | 66A | - | €2,612 | +€2,612 | |
| Operating profit (loss) | 9901 | €279,221 | -€1,653,309 | -€1.9m | |
| Financial income | 75/76B | €55,928 | €90,490 | +€34,562 | +61.8% |
| Recurring financial income | 75 | €55,928 | €90,490 | +€34,562 | +61.8% |
| Income from current assets | 751 | €16,478 | €16,370 | -€108 | -0.7% |
| Other financial income | 752/9 | €39,450 | €74,120 | +€34,670 | +87.9% |
| Financial charges | 65/66B | €326,642 | €492,720 | +€166,078 | +50.8% |
| Recurring financial charges | 65 | €326,642 | €492,720 | +€166,078 | +50.8% |
| Debt charges | 650 | €238,962 | €358,750 | +€119,788 | +50.1% |
| Other financial charges | 652/9 | €87,680 | €133,970 | +€46,290 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €8,507 | -€2,055,538 | -€2.1m | |
| Income taxes | 67/77 | €4 | €3,979 | +€3,975 | +99365.8% |
| Taxes | 670/3 | €4 | €3,979 | +€3,975 | +99365.8% |
| Profit (loss) for the period | 9904 | €8,503 | -€2,059,517 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €8,503 | -€2,059,517 | -€2.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.