STONE ART: 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.
STONE ART
Largest movements
- Stocks and contracts -€13,897
down €13,897 (-10.3%), from €134,990 to €121,093
- Tangible fixed assets -€4,778
down €4,778 (-69.2%), from €6,902 to €2,125
of which Furniture and vehicles: -€3,878
- Receivables within one year -€4,713
down €4,713 (-23.0%), from €20,475 to €15,762
of which Trade receivables: -€4,929
- Trade debts -€7,425
down €7,425 (-30.1%), from €24,676 to €17,251
- Other debts -€6,412
down €6,412 (-17.1%), from €37,594 to €31,182
- Current portion of long-term debt -€5,314
down €5,314 (-44.9%), from €11,844 to €6,529
- Accrued charges and deferred income -€5,122
no longer reported in 2025 (was €5,122)
- Other operating charges -€5,667
down €5,667 (-73.2%), from €7,739 to €2,072
- Gross operating margin +€1,949
up €1,949 (+26.9%), from €7,240 to €9,190
- Financial charges -€1,267
down €1,267 (-42.1%), from €3,009 to €1,742
- Depreciation -€607
down €607 (-10.7%), from €5,686 to €5,080
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 | €164,542 | €139,918 | -€24,624 | -15.0% |
| Fixed assets | 21/28 | €6,902 | €2,125 | -€4,778 | -69.2% |
| Tangible fixed assets | 22/27 | €6,902 | €2,125 | -€4,778 | -69.2% |
| Plant, machinery and equipment | 23 | €1,800 | €900 | -€900 | -50.0% |
| Furniture and vehicles | 24 | €5,102 | €1,225 | -€3,878 | -76.0% |
| Current assets | 29/58 | €157,640 | €137,794 | -€19,846 | -12.6% |
| Stocks and contracts in progress | 3 | €134,990 | €121,093 | -€13,897 | -10.3% |
| Stocks | 30/36 | €134,990 | €121,093 | -€13,897 | -10.3% |
| Amounts receivable within one year | 40/41 | €20,475 | €15,762 | -€4,713 | -23.0% |
| Trade receivables | 40 | €20,407 | €15,478 | -€4,929 | -24.2% |
| Other amounts receivable | 41 | €69 | €284 | +€215 | +314% |
| Cash at bank and in hand | 54/58 | €1,534 | €145 | -€1,389 | -90.5% |
| Deferred charges and accrued income | 490/1 | €640 | €794 | +€154 | +24.0% |
| Total equity and liabilities | 10/49 | €164,542 | €139,918 | -€24,624 | -15.0% |
| Equity | 10/15 | €84,602 | €84,898 | +€297 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,082 | €10,082 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,327 | €7,327 | = | 0.0% |
| Distributable reserves | 133 | €895 | €895 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,320 | €68,617 | +€297 | +0.4% |
| Amounts payable | 17/49 | €79,940 | €55,020 | -€24,920 | -31.2% |
| Amounts payable within one year | 42/48 | €74,818 | €55,020 | -€19,798 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €11,844 | €6,529 | -€5,314 | -44.9% |
| Financial debts | 43 | €79 | - | -€79 | |
| Credit institutions | 430/8 | €79 | - | -€79 | |
| Trade debts | 44 | €24,676 | €17,251 | -€7,425 | -30.1% |
| Suppliers | 440/4 | €24,676 | €17,251 | -€7,425 | -30.1% |
| Taxes, remuneration and social security | 45 | €625 | €58 | -€567 | -90.7% |
| Taxes | 450/3 | €625 | €58 | -€567 | -90.7% |
| Other amounts payable | 47/48 | €37,594 | €31,182 | -€6,412 | -17.1% |
| Accrued charges and deferred income | 492/3 | €5,122 | - | -€5,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,686 | €5,080 | -€607 | -10.7% |
| Other operating charges | 640/8 | €7,739 | €2,072 | -€5,667 | -73.2% |
| Gross operating margin | 9900 | €7,240 | €9,190 | +€1,949 | +26.9% |
| Operating profit (loss) | 9901 | -€6,185 | €2,038 | +€8,223 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +61.9% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +61.9% |
| Financial charges | 65/66B | €3,009 | €1,742 | -€1,267 | -42.1% |
| Recurring financial charges | 65 | €3,009 | €1,742 | -€1,267 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,194 | €297 | +€9,491 | |
| Transfer from deferred taxes | 780 | €2,626 | - | -€2,626 | |
| Income taxes | 67/77 | €58 | - | -€58 | |
| Profit (loss) for the period | 9904 | -€6,626 | €297 | +€6,923 | |
| Transfer from tax-exempt reserves | 789 | €5,105 | - | -€5,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,521 | €297 | +€1,818 |
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 19 October 2026 via checked.be.