STONE GROUP: 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 GROUP
Largest movements
- Receivables within one year -€486,991
down €486,991 (-85.1%), from €572,482 to €85,491
of which Other amounts receivable: -€483,470
- Stocks and contracts -€282,205
down €282,205 (-95.2%), from €296,474 to €14,268
- Tangible fixed assets +€277,224
up €277,224 (+36.8%), from €752,786 to €1.0m
of which Land and buildings: +€308,018
- Cash +€275,026
up €275,026 (+1199.0%), from €22,939 to €297,965
mainly Receivables within one year (+€486,991) and Stocks and contracts (+€282,205)
- Current investments -€166,251
down €166,251 (-54.2%), from €306,684 to €140,433
- Reserves -€308,343
down €308,343 (-18.5%), from €1.7m to €1.4m
of which Distributable reserves: -€308,343
- Profit (loss) carried forward -€28,982
down €28,982 (-100.0%), from €28,982 to €0
- Gross operating margin +€181,900
up €181,900 (+325.7%), from €55,847 to €237,747
- Depreciation +€58,566
up €58,566 (+65.6%), from €89,221 to €147,788
- Taxes +€53,680
up €53,680, from -€28,055 to €25,625
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 | €1,953,981 | €1,585,862 | -€368,119 | -18.8% |
| Fixed assets | 21/28 | €752,786 | €1,030,010 | +€277,224 | +36.8% |
| Tangible fixed assets | 22/27 | €752,786 | €1,030,010 | +€277,224 | +36.8% |
| Land and buildings | 22 | €632,231 | €940,248 | +€308,018 | +48.7% |
| Plant, machinery and equipment | 23 | €73,186 | €70,850 | -€2,336 | -3.2% |
| Furniture and vehicles | 24 | €47,370 | €18,912 | -€28,458 | -60.1% |
| Current assets | 29/58 | €1,201,195 | €555,853 | -€645,342 | -53.7% |
| Stocks and contracts in progress | 3 | €296,474 | €14,268 | -€282,205 | -95.2% |
| Stocks | 30/36 | €296,474 | €14,268 | -€282,205 | -95.2% |
| Amounts receivable within one year | 40/41 | €572,482 | €85,491 | -€486,991 | -85.1% |
| Trade receivables | 40 | €3,848 | €327 | -€3,521 | -91.5% |
| Other amounts receivable | 41 | €568,634 | €85,164 | -€483,470 | -85.0% |
| Current investments | 50/53 | €306,684 | €140,433 | -€166,251 | -54.2% |
| Cash at bank and in hand | 54/58 | €22,939 | €297,965 | +€275,026 | +1199.0% |
| Deferred charges and accrued income | 490/1 | €2,617 | €17,695 | +€15,078 | +576.2% |
| Total equity and liabilities | 10/49 | €1,953,981 | €1,585,862 | -€368,119 | -18.8% |
| Equity | 10/15 | €1,717,574 | €1,380,249 | -€337,325 | -19.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,670,000 | €1,361,657 | -€308,343 | -18.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,670,000 | €1,361,657 | -€308,343 | -18.5% |
| Profit (loss) carried forward | 14 | €28,982 | €0 | -€28,982 | -100.0% |
| Amounts payable | 17/49 | €236,407 | €205,614 | -€30,794 | -13.0% |
| Amounts payable after more than one year | 17 | €185,440 | €172,374 | -€13,066 | -7.0% |
| Financial debts | 170/4 | €185,440 | €172,374 | -€13,066 | -7.0% |
| Amounts payable within one year | 42/48 | €50,967 | €33,239 | -€17,727 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €25,392 | €19,584 | -€5,808 | -22.9% |
| Financial debts | 43 | €1,239 | €881 | -€358 | -28.9% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €1,239 | €881 | -€358 | -28.9% |
| Trade debts | 44 | €14,792 | €12,413 | -€2,379 | -16.1% |
| Suppliers | 440/4 | €14,792 | €12,413 | -€2,379 | -16.1% |
| Taxes, remuneration and social security | 45 | €8,486 | €0 | -€8,486 | -100.0% |
| Taxes | 450/3 | €8,486 | €0 | -€8,486 | -100.0% |
| Other amounts payable | 47/48 | €1,058 | €361 | -€697 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,221 | €147,788 | +€58,566 | +65.6% |
| Other operating charges | 640/8 | €5,243 | €5,810 | +€566 | +10.8% |
| Non-recurring operating charges | 66A | - | €7,092 | +€7,092 | |
| Gross operating margin | 9900 | €55,847 | €237,747 | +€181,900 | +325.7% |
| Operating profit (loss) | 9901 | -€38,618 | €77,057 | +€115,675 | |
| Financial income | 75/76B | €18,302 | €18,170 | -€132 | -0.7% |
| Recurring financial income | 75 | €18,302 | €18,170 | -€132 | -0.7% |
| Financial charges | 65/66B | €5,810 | €6,927 | +€1,118 | +19.2% |
| Recurring financial charges | 65 | €5,810 | €6,927 | +€1,118 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,125 | €88,300 | +€114,425 | |
| Income taxes | 67/77 | -€28,055 | €25,625 | +€53,680 | |
| Profit (loss) for the period | 9904 | €1,929 | €62,675 | +€60,746 | +3148.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,929 | €62,675 | +€60,746 | +3148.3% |
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.