Stone Express: 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 Express
Largest movements
- Tangible fixed assets -€56,582
down €56,582 (-24.8%), from €228,071 to €171,490
of which Furniture and vehicles: -€48,653
- Receivables within one year -€9,507
down €9,507 (-5.3%), from €178,989 to €169,482
of which Trade receivables: -€8,127
- Cash -€5,216
down €5,216 (-30.1%), from €17,316 to €12,100
mainly Short-term financial debts (-€28,429) and Debts after one year (-€23,606)
- Short-term financial debts -€28,429
down €28,429 (-37.2%), from €76,335 to €47,906
- Debts after one year -€23,606
down €23,606 (-29.3%), from €80,451 to €56,845
- Trade debts -€19,543
down €19,543 (-60.1%), from €32,512 to €12,969
- Current portion of long-term debt -€16,928
down €16,928 (-41.8%), from €40,534 to €23,606
- Profit (loss) carried forward +€10,969
up €10,969 (+7.7%), from €143,276 to €154,245
- Financial charges -€11,035
down €11,035 (-53.5%), from €20,632 to €9,597
- Gross operating margin -€9,263
down €9,263 (-4.5%), from €205,424 to €196,161
- Staff costs +€3,047
up €3,047 (+2.9%), from €104,851 to €107,897
- Depreciation -€2,512
down €2,512 (-3.9%), from €63,932 to €61,419
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 | €444,822 | €374,649 | -€70,173 | -15.8% |
| Fixed assets | 21/28 | €228,821 | €172,240 | -€56,582 | -24.7% |
| Tangible fixed assets | 22/27 | €228,071 | €171,490 | -€56,582 | -24.8% |
| Land and buildings | 22 | €65,229 | €59,510 | -€5,719 | -8.8% |
| Plant, machinery and equipment | 23 | €16,148 | €13,938 | -€2,210 | -13.7% |
| Furniture and vehicles | 24 | €146,694 | €98,041 | -€48,653 | -33.2% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €216,001 | €202,409 | -€13,591 | -6.3% |
| Amounts receivable after more than one year | 29 | €18,749 | €18,749 | = | 0.0% |
| Other amounts receivable | 291 | €18,749 | €18,749 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €178,989 | €169,482 | -€9,507 | -5.3% |
| Trade receivables | 40 | €154,763 | €146,636 | -€8,127 | -5.3% |
| Other amounts receivable | 41 | €24,226 | €22,846 | -€1,380 | -5.7% |
| Cash at bank and in hand | 54/58 | €17,316 | €12,100 | -€5,216 | -30.1% |
| Deferred charges and accrued income | 490/1 | €946 | €2,078 | +€1,132 | +119.6% |
| Total equity and liabilities | 10/49 | €444,822 | €374,649 | -€70,173 | -15.8% |
| Equity | 10/15 | €165,276 | €176,245 | +€10,969 | +6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,276 | €154,245 | +€10,969 | +7.7% |
| Amounts payable | 17/49 | €279,546 | €198,404 | -€81,142 | -29.0% |
| Amounts payable after more than one year | 17 | €80,451 | €56,845 | -€23,606 | -29.3% |
| Financial debts | 170/4 | €80,451 | €56,845 | -€23,606 | -29.3% |
| Amounts payable within one year | 42/48 | €196,036 | €134,053 | -€61,982 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €40,534 | €23,606 | -€16,928 | -41.8% |
| Financial debts | 43 | €76,335 | €47,906 | -€28,429 | -37.2% |
| Credit institutions | 430/8 | €76,335 | €47,906 | -€28,429 | -37.2% |
| Trade debts | 44 | €32,512 | €12,969 | -€19,543 | -60.1% |
| Suppliers | 440/4 | €32,512 | €12,969 | -€19,543 | -60.1% |
| Taxes, remuneration and social security | 45 | €33,725 | €34,378 | +€653 | +1.9% |
| Taxes | 450/3 | €32,860 | €30,988 | -€1,873 | -5.7% |
| Remuneration and social security | 454/9 | €865 | €3,391 | +€2,526 | +292.2% |
| Other amounts payable | 47/48 | €12,930 | €15,194 | +€2,264 | +17.5% |
| Accrued charges and deferred income | 492/3 | €3,060 | €7,506 | +€4,447 | +145.3% |
| Non-recurring operating income | 76A | €9,269 | - | -€9,269 | |
| Remuneration, social security and pensions | 62 | €104,851 | €107,897 | +€3,047 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,932 | €61,419 | -€2,512 | -3.9% |
| Other operating charges | 640/8 | €6,822 | €6,417 | -€405 | -5.9% |
| Gross operating margin | 9900 | €205,424 | €196,161 | -€9,263 | -4.5% |
| Operating profit (loss) | 9901 | €29,820 | €20,427 | -€9,393 | -31.5% |
| Financial income | 75/76B | €221 | €139 | -€82 | -37.2% |
| Recurring financial income | 75 | €221 | €139 | -€82 | -37.2% |
| Financial charges | 65/66B | €20,632 | €9,597 | -€11,035 | -53.5% |
| Recurring financial charges | 65 | €20,632 | €9,597 | -€11,035 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €9,409 | €10,969 | +€1,560 | +16.6% |
| Profit (loss) for the period | 9904 | €9,409 | €10,969 | +€1,560 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,409 | €10,969 | +€1,560 | +16.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.