STONE CONNECTIONS: 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 CONNECTIONS
Largest movements
- Current investments +€206,349
up €206,349 (+24.1%), from €854,937 to €1.1m
- Cash -€193,389
down €193,389 (-61.0%), from €317,162 to €123,773
mainly Current investments (-€206,349) and Trade debts (-€110,861)
- Receivables within one year -€46,769
down €46,769 (-17.0%), from €275,846 to €229,077
of which Trade receivables: -€35,565
- Stocks and contracts -€33,166
down €33,166 (-78.1%), from €42,455 to €9,290
- Trade debts -€110,861
down €110,861 (-66.5%), from €166,784 to €55,923
- Profit (loss) carried forward +€47,748
up €47,748 (+3.5%), from €1.4m to €1.4m
- Gross operating margin +€26,613
up €26,613 (+14.2%), from €186,916 to €213,529
- Financial charges -€14,575
down €14,575 (-67.2%), from €21,699 to €7,124
- Taxes +€14,180
up €14,180 (+29.1%), from €48,795 to €62,975
- Financial income +€3,834
up €3,834 (+40.1%), from €9,563 to €13,397
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 | €1,771,066 | €1,695,007 | -€76,060 | -4.3% |
| Fixed assets | 21/28 | €274,854 | €265,788 | -€9,066 | -3.3% |
| Tangible fixed assets | 22/27 | €274,754 | €265,688 | -€9,066 | -3.3% |
| Land and buildings | 22 | €255,919 | €250,144 | -€5,775 | -2.3% |
| Plant, machinery and equipment | 23 | €3,010 | €3,562 | +€552 | +18.3% |
| Furniture and vehicles | 24 | €15,825 | €11,982 | -€3,843 | -24.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,496,212 | €1,429,219 | -€66,993 | -4.5% |
| Stocks and contracts in progress | 3 | €42,455 | €9,290 | -€33,166 | -78.1% |
| Stocks | 30/36 | €42,455 | €9,290 | -€33,166 | -78.1% |
| Amounts receivable within one year | 40/41 | €275,846 | €229,077 | -€46,769 | -17.0% |
| Trade receivables | 40 | €264,642 | €229,077 | -€35,565 | -13.4% |
| Other amounts receivable | 41 | €11,205 | - | -€11,205 | |
| Current investments | 50/53 | €854,937 | €1,061,286 | +€206,349 | +24.1% |
| Cash at bank and in hand | 54/58 | €317,162 | €123,773 | -€193,389 | -61.0% |
| Deferred charges and accrued income | 490/1 | €5,812 | €5,793 | -€19 | -0.3% |
| Total equity and liabilities | 10/49 | €1,771,066 | €1,695,007 | -€76,060 | -4.3% |
| Equity | 10/15 | €1,539,853 | €1,587,601 | +€47,748 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,168 | €164,168 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,168 | €5,168 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,168 | €5,168 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €121,500 | €121,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,357,085 | €1,404,833 | +€47,748 | +3.5% |
| Amounts payable | 17/49 | €231,213 | €107,405 | -€123,808 | -53.5% |
| Amounts payable within one year | 42/48 | €216,079 | €104,554 | -€111,525 | -51.6% |
| Trade debts | 44 | €166,784 | €55,923 | -€110,861 | -66.5% |
| Suppliers | 440/4 | €166,784 | €55,923 | -€110,861 | -66.5% |
| Taxes, remuneration and social security | 45 | €14,249 | €11,318 | -€2,931 | -20.6% |
| Taxes | 450/3 | €14,249 | €11,318 | -€2,931 | -20.6% |
| Other amounts payable | 47/48 | €35,046 | €37,313 | +€2,267 | +6.5% |
| Accrued charges and deferred income | 492/3 | €15,134 | €2,851 | -€12,283 | -81.2% |
| Non-recurring operating income | 76A | €950 | - | -€950 | |
| Remuneration, social security and pensions | 62 | €1,546 | €299 | -€1,246 | -80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,726 | €11,863 | +€1,137 | +10.6% |
| Other operating charges | 640/8 | €5,857 | €4,642 | -€1,215 | -20.7% |
| Gross operating margin | 9900 | €186,916 | €213,529 | +€26,613 | +14.2% |
| Operating profit (loss) | 9901 | €168,788 | €196,725 | +€27,937 | +16.6% |
| Financial income | 75/76B | €9,563 | €13,397 | +€3,834 | +40.1% |
| Recurring financial income | 75 | €9,563 | €13,397 | +€3,834 | +40.1% |
| Financial charges | 65/66B | €21,699 | €7,124 | -€14,575 | -67.2% |
| Recurring financial charges | 65 | €21,699 | €7,124 | -€14,575 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | €156,652 | €202,999 | +€46,347 | +29.6% |
| Income taxes | 67/77 | €48,795 | €62,975 | +€14,180 | +29.1% |
| Profit (loss) for the period | 9904 | €107,856 | €140,023 | +€32,167 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €107,856 | €140,023 | +€32,167 | +29.8% |
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 18 October 2026 via checked.be.