STONE BEHEER: 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 BEHEER
Largest movements
- Tangible fixed assets -€91,028
down €91,028 (-9.0%), from €1.0m to €921,735
of which Land and buildings: -€85,991
- Cash -€69,829
down €69,829 (-89.9%), from €77,711 to €7,882
mainly Debts after one year (-€101,435) and Net result for the year (-€48,458)
- Debts after one year -€101,435
down €101,435 (-15.7%), from €646,739 to €545,304
- Other debts +€49,268
new in 2025: €49,268
- Reserves -€48,536
down €48,536 (-21.8%), from €222,928 to €174,392
of which Tax-exempt reserves: -€54,836
- Trade debts -€35,921
down €35,921 (-55.9%), from €64,235 to €28,314
- Provisions -€18,639
down €18,639 (-43.6%), from €42,742 to €24,103
- Gross operating margin -€43,851
down €43,851 (-35.6%), from €123,040 to €79,189
- Financial charges -€4,903
down €4,903 (-11.3%), from €43,481 to €38,578
- Taxes -€3,445
down €3,445 (-84.5%), from €4,075 to €630
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 | €1,311,867 | €1,157,686 | -€154,181 | -11.8% |
| Fixed assets | 21/28 | €1,012,763 | €921,735 | -€91,028 | -9.0% |
| Tangible fixed assets | 22/27 | €1,012,763 | €921,735 | -€91,028 | -9.0% |
| Land and buildings | 22 | €987,863 | €901,872 | -€85,991 | -8.7% |
| Plant, machinery and equipment | 23 | €53 | - | -€53 | |
| Furniture and vehicles | 24 | €16,815 | €13,696 | -€3,119 | -18.5% |
| Other tangible fixed assets | 26 | €8,032 | €6,167 | -€1,865 | -23.2% |
| Current assets | 29/58 | €299,104 | €235,951 | -€63,153 | -21.1% |
| Amounts receivable after more than one year | 29 | €149,152 | €149,152 | = | 0.0% |
| Other amounts receivable | 291 | €149,152 | €149,152 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,919 | €78,068 | +€7,149 | +10.1% |
| Trade receivables | 40 | €53,304 | €55,485 | +€2,181 | +4.1% |
| Other amounts receivable | 41 | €17,615 | €22,583 | +€4,968 | +28.2% |
| Cash at bank and in hand | 54/58 | €77,711 | €7,882 | -€69,829 | -89.9% |
| Deferred charges and accrued income | 490/1 | €1,322 | €849 | -€473 | -35.8% |
| Total equity and liabilities | 10/49 | €1,311,867 | €1,157,686 | -€154,181 | -11.8% |
| Equity | 10/15 | €442,318 | €393,860 | -€48,458 | -11.0% |
| Contributions | 10/11 | €79,300 | €79,300 | = | 0.0% |
| Capital | 10 | €79,300 | €79,300 | = | 0.0% |
| Issued capital | 100 | €79,300 | €79,300 | = | 0.0% |
| Revaluation surpluses | 12 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €222,928 | €174,392 | -€48,536 | -21.8% |
| Non-distributable reserves | 130/1 | €7,930 | €7,930 | = | 0.0% |
| Legal reserve | 130 | €7,930 | €7,930 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,748 | €70,912 | -€54,836 | -43.6% |
| Distributable reserves | 133 | €89,250 | €95,550 | +€6,300 | +7.1% |
| Profit (loss) carried forward | 14 | €40,090 | €40,168 | +€78 | +0.2% |
| Provisions and deferred taxes | 16 | €42,742 | €24,103 | -€18,639 | -43.6% |
| Deferred taxes | 168 | €42,742 | €24,103 | -€18,639 | -43.6% |
| Amounts payable | 17/49 | €826,807 | €739,723 | -€87,084 | -10.5% |
| Amounts payable after more than one year | 17 | €646,739 | €545,304 | -€101,435 | -15.7% |
| Financial debts | 170/4 | €646,739 | €545,304 | -€101,435 | -15.7% |
| Amounts payable within one year | 42/48 | €169,759 | €184,079 | +€14,320 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €95,407 | €101,754 | +€6,347 | +6.7% |
| Trade debts | 44 | €64,235 | €28,314 | -€35,921 | -55.9% |
| Suppliers | 440/4 | €64,235 | €28,314 | -€35,921 | -55.9% |
| Taxes, remuneration and social security | 45 | €10,117 | €4,743 | -€5,374 | -53.1% |
| Taxes | 450/3 | €10,117 | €4,743 | -€5,374 | -53.1% |
| Other amounts payable | 47/48 | - | €49,268 | +€49,268 | |
| Accrued charges and deferred income | 492/3 | €10,309 | €10,340 | +€31 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,886 | €108,911 | -€975 | -0.9% |
| Other operating charges | 640/8 | €1,248 | €1,153 | -€95 | -7.6% |
| Gross operating margin | 9900 | €123,040 | €79,189 | -€43,851 | -35.6% |
| Operating profit (loss) | 9901 | €11,906 | -€30,875 | -€42,781 | |
| Financial income | 75/76B | €2,983 | €2,987 | +€4 | +0.1% |
| Recurring financial income | 75 | €2,983 | €2,987 | +€4 | +0.1% |
| Financial charges | 65/66B | €43,481 | €38,578 | -€4,903 | -11.3% |
| Recurring financial charges | 65 | €43,481 | €38,578 | -€4,903 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,592 | -€66,466 | -€37,874 | -132.5% |
| Transfer from deferred taxes | 780 | €18,638 | €18,638 | = | 0.0% |
| Income taxes | 67/77 | €4,075 | €630 | -€3,445 | -84.5% |
| Profit (loss) for the period | 9904 | -€14,029 | -€48,458 | -€34,429 | -245.4% |
| Transfer from tax-exempt reserves | 789 | €54,836 | €54,836 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,807 | €6,378 | -€34,429 | -84.4% |
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 12 October 2026 via checked.be.