STONE-ND: 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-ND
Largest movements
- Tangible fixed assets -€18,285
down €18,285 (-23.3%), from €78,431 to €60,147
of which Land and buildings: -€16,340
- Cash +€1,738
up €1,738 (+29.3%), from €5,932 to €7,670
mainly Depreciation (+€18,285) and Net result for the year (+€8,517)
- Deferred charges and accrued income +€1,199
new in 2026: €1,199
- Debts after one year -€16,781
down €16,781 (-89.3%), from €18,792 to €2,011
- Profit (loss) carried forward +€6,017
up €6,017 (+646%), from €932 to €6,949
- Current portion of long-term debt -€4,977
down €4,977 (-22.9%), from €21,758 to €16,781
- Reserves +€2,500
up €2,500 (+14.3%), from €17,500 to €20,000
- Investment grants -€1,181
down €1,181 (-35.7%), from €3,306 to €2,126
- Gross operating margin +€4,957
up €4,957 (+21.2%), from €23,420 to €28,378
- Other operating charges -€563
down €563 (-24.6%), from €2,289 to €1,726
- Financial charges -€552
down €552 (-34.9%), from €1,582 to €1,030
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €84,363 | €69,015 | -€15,348 | -18.2% |
| Fixed assets | 21/28 | €78,431 | €60,147 | -€18,285 | -23.3% |
| Tangible fixed assets | 22/27 | €78,431 | €60,147 | -€18,285 | -23.3% |
| Land and buildings | 22 | €73,246 | €56,906 | -€16,340 | -22.3% |
| Plant, machinery and equipment | 23 | €5,186 | €3,241 | -€1,945 | -37.5% |
| Current assets | 29/58 | €5,932 | €8,869 | +€2,937 | +49.5% |
| Cash at bank and in hand | 54/58 | €5,932 | €7,670 | +€1,738 | +29.3% |
| Deferred charges and accrued income | 490/1 | - | €1,199 | +€1,199 | |
| Total equity and liabilities | 10/49 | €84,363 | €69,015 | -€15,348 | -18.2% |
| Equity | 10/15 | €40,338 | €47,674 | +€7,336 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,500 | €20,000 | +€2,500 | +14.3% |
| Distributable reserves | 133 | €17,500 | €20,000 | +€2,500 | +14.3% |
| Profit (loss) carried forward | 14 | €932 | €6,949 | +€6,017 | +646% |
| Investment grants | 15 | €3,306 | €2,126 | -€1,181 | -35.7% |
| Amounts payable | 17/49 | €44,025 | €21,341 | -€22,684 | -51.5% |
| Amounts payable after more than one year | 17 | €18,792 | €2,011 | -€16,781 | -89.3% |
| Financial debts | 170/4 | €18,792 | €2,011 | -€16,781 | -89.3% |
| Amounts payable within one year | 42/48 | €25,233 | €19,330 | -€5,903 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €21,758 | €16,781 | -€4,977 | -22.9% |
| Other amounts payable | 47/48 | €3,475 | €2,549 | -€926 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,285 | €18,285 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,289 | €1,726 | -€563 | -24.6% |
| Gross operating margin | 9900 | €23,420 | €28,378 | +€4,957 | +21.2% |
| Operating profit (loss) | 9901 | €2,846 | €8,366 | +€5,520 | +194% |
| Financial income | 75/76B | €1,182 | €1,181 | -€1 | -0.1% |
| Recurring financial income | 75 | €1,182 | €1,181 | -€1 | -0.1% |
| Financial charges | 65/66B | €1,582 | €1,030 | -€552 | -34.9% |
| Recurring financial charges | 65 | €1,582 | €1,030 | -€552 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €2,446 | €8,517 | +€6,071 | +248% |
| Profit (loss) for the period | 9904 | €2,446 | €8,517 | +€6,071 | +248% |
| Profit (loss) for the period to be appropriated | 9905 | €2,446 | €8,517 | +€6,071 | +248% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.