@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.
@Stone
Largest movements
- Tangible fixed assets -€43,625
down €43,625 (-32.6%), from €134,019 to €90,394
of which Furniture and vehicles: -€34,855
- Receivables within one year +€16,266
up €16,266 (+55.8%), from €29,173 to €45,440
of which Trade receivables: +€10,379
- Cash +€9,407
up €9,407 (+72.5%), from €12,984 to €22,391
mainly Depreciation (+€44,145) and Net result for the year (+€7,012)
- Deferred charges and accrued income +€4,296
up €4,296 (+79.9%), from €5,374 to €9,670
- Other debts -€15,831
down €15,831 (-16.4%), from €96,555 to €80,724
- Reserves +€7,012
up €7,012 (+9.7%), from €71,967 to €78,979
- Trade debts -€4,726
down €4,726 (-63.9%), from €7,391 to €2,665
- Gross operating margin -€19,797
down €19,797 (-14.0%), from €141,702 to €121,905
- Taxes -€6,167
down €6,167 (-72.7%), from €8,481 to €2,314
- Depreciation +€6,073
up €6,073 (+16.0%), from €38,072 to €44,145
- Staff costs +€3,408
up €3,408 (+5.8%), from €58,998 to €62,407
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 | €184,095 | €169,935 | -€14,160 | -7.7% |
| Fixed assets | 21/28 | €135,415 | €91,270 | -€44,145 | -32.6% |
| Intangible fixed assets | 21 | €1,397 | €876 | -€520 | -37.3% |
| Tangible fixed assets | 22/27 | €134,019 | €90,394 | -€43,625 | -32.6% |
| Plant, machinery and equipment | 23 | €27,575 | €18,805 | -€8,770 | -31.8% |
| Furniture and vehicles | 24 | €106,444 | €71,589 | -€34,855 | -32.7% |
| Current assets | 29/58 | €48,680 | €78,665 | +€29,985 | +61.6% |
| Stocks and contracts in progress | 3 | €1,149 | €1,164 | +€15 | +1.3% |
| Stocks | 30/36 | €1,149 | €1,164 | +€15 | +1.3% |
| Amounts receivable within one year | 40/41 | €29,173 | €45,440 | +€16,266 | +55.8% |
| Trade receivables | 40 | €27,459 | €37,838 | +€10,379 | +37.8% |
| Other amounts receivable | 41 | €1,715 | €7,602 | +€5,887 | +343.3% |
| Cash at bank and in hand | 54/58 | €12,984 | €22,391 | +€9,407 | +72.5% |
| Deferred charges and accrued income | 490/1 | €5,374 | €9,670 | +€4,296 | +79.9% |
| Total equity and liabilities | 10/49 | €184,095 | €169,935 | -€14,160 | -7.7% |
| Equity | 10/15 | €73,967 | €80,979 | +€7,012 | +9.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,967 | €78,979 | +€7,012 | +9.7% |
| Distributable reserves | 133 | €71,967 | €78,979 | +€7,012 | +9.7% |
| Amounts payable | 17/49 | €110,128 | €88,956 | -€21,172 | -19.2% |
| Amounts payable within one year | 42/48 | €110,128 | €88,956 | -€21,172 | -19.2% |
| Financial debts | 43 | €0 | €79 | +€79 | |
| Credit institutions | 430/8 | €0 | €79 | +€79 | |
| Trade debts | 44 | €7,391 | €2,665 | -€4,726 | -63.9% |
| Suppliers | 440/4 | €7,391 | €2,665 | -€4,726 | -63.9% |
| Taxes, remuneration and social security | 45 | €6,181 | €5,488 | -€694 | -11.2% |
| Taxes | 450/3 | €512 | €251 | -€261 | -51.0% |
| Remuneration and social security | 454/9 | €5,669 | €5,237 | -€433 | -7.6% |
| Other amounts payable | 47/48 | €96,555 | €80,724 | -€15,831 | -16.4% |
| Remuneration, social security and pensions | 62 | €58,998 | €62,407 | +€3,408 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,072 | €44,145 | +€6,073 | +16.0% |
| Other operating charges | 640/8 | €2,339 | €2,378 | +€39 | +1.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €141,702 | €121,905 | -€19,797 | -14.0% |
| Operating profit (loss) | 9901 | €42,293 | €12,976 | -€29,317 | -69.3% |
| Financial income | 75/76B | €181 | €33 | -€148 | -81.9% |
| Recurring financial income | 75 | €181 | €33 | -€148 | -81.9% |
| Financial charges | 65/66B | €3,506 | €3,683 | +€177 | +5.1% |
| Recurring financial charges | 65 | €3,506 | €3,683 | +€177 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €38,968 | €9,326 | -€29,643 | -76.1% |
| Income taxes | 67/77 | €8,481 | €2,314 | -€6,167 | -72.7% |
| Profit (loss) for the period | 9904 | €30,488 | €7,012 | -€23,476 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,488 | €7,012 | -€23,476 | -77.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.