STONE WORXX: 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.
What changed
STONE WORXX
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€190,088
2024 · -€75,582-€114,506
Equity
€303,117
2024 · €493,205-€190,088
Cash
€128,873
2024 · €142,073-€13,200
Balance sheet total
€11.2m
2024 · €11.6m-€441,404
Largest movements
Assets
- Stocks and contracts -€378,230
down €378,230 (-27.3%), from €1.4m to €1.0m
Equity and liabilities
- Debts after one year -€753,272
down €753,272 (-46.3%), from €1.6m to €874,798
- Current portion of long-term debt +€597,948
up €597,948 (+1,037%), from €57,646 to €655,594
- Profit (loss) carried forward -€190,088
down €190,088 (-39.2%), from €485,145 to €295,057
Income statement
- Financial charges +€62,758
up €62,758 (+117%), from €53,471 to €116,229
- Staff costs +€25,334
up €25,334 (+573%), from €4,425 to €29,759
- Gross operating margin -€21,378
down €21,378 (-210%), from -€10,181 to -€31,559
- Depreciation +€4,332
up €4,332 (+293%), from €1,480 to €5,812
- Other operating charges +€1,005
up €1,005 (+19.3%), from €5,199 to €6,203
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.
Result 2024
-€75,582
Gross operating margin
-€21,378
Staff costs
-€25,334
Depreciation
-€4,332
Other operating charges
-€1,005
Financial income
+€300
Financial charges
-€62,758
Taxes
+€1
Result 2025
-€190,088
raises the resultlowers the result
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.
From operations
+€129,163
Investment
+€12,960
Financing
-€155,324
Cash 2024
€142,073
From operations (derived)
+€129,163
Net result for the year
-€190,088
Depreciation
+€5,812
Stocks and contracts
+€378,230
Receivables within one year
-€5,056
Deferred charges and accrued income
+€36,258
Trade debts
-€48,377
Tax, wage and social debts
+€2,581
Other debts
-€50,196
Investment (derived)
+€12,960
Investment in fixed assets (net)
+€12,960
Financing
-€155,324
Debts after one year
-€753,272
Current portion of long-term debt
+€597,948
Cash 2025
€128,873
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,647,173 | €11,205,768 | -€441,404 | -3.8% |
| Fixed assets | 21/28 | €10,073,114 | €10,054,342 | -€18,772 | -0.2% |
| Tangible fixed assets | 22/27 | €1,554,398 | €1,535,626 | -€18,772 | -1.2% |
| Land and buildings | 22 | €1,550,746 | €1,500,839 | -€49,907 | -3.2% |
| Furniture and vehicles | 24 | €3,651 | €34,787 | +€31,136 | +853% |
| Financial fixed assets | 28 | €8,518,716 | €8,518,716 | = | 0.0% |
| Current assets | 29/58 | €1,574,059 | €1,151,426 | -€422,632 | -26.8% |
| Stocks and contracts in progress | 3 | €1,383,068 | €1,004,838 | -€378,230 | -27.3% |
| Stocks | 30/36 | €1,383,068 | €1,004,838 | -€378,230 | -27.3% |
| Amounts receivable within one year | 40/41 | €12,165 | €17,221 | +€5,056 | +41.6% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €65 | €5,121 | +€5,056 | +7,731% |
| Cash at bank and in hand | 54/58 | €142,073 | €128,873 | -€13,200 | -9.3% |
| Deferred charges and accrued income | 490/1 | €36,753 | €494 | -€36,258 | -98.7% |
| Total equity and liabilities | 10/49 | €11,647,173 | €11,205,768 | -€441,404 | -3.8% |
| Equity | 10/15 | €493,205 | €303,117 | -€190,088 | -38.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €485,145 | €295,057 | -€190,088 | -39.2% |
| Amounts payable | 17/49 | €11,153,967 | €10,902,651 | -€251,316 | -2.3% |
| Amounts payable after more than one year | 17 | €1,628,069 | €874,798 | -€753,272 | -46.3% |
| Financial debts | 170/4 | €1,628,069 | €874,798 | -€753,272 | -46.3% |
| Amounts payable within one year | 42/48 | €9,525,898 | €10,027,854 | +€501,956 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €57,646 | €655,594 | +€597,948 | +1,037% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €109,350 | €60,972 | -€48,377 | -44.2% |
| Suppliers | 440/4 | €109,350 | €60,972 | -€48,377 | -44.2% |
| Taxes, remuneration and social security | 45 | €14,147 | €16,728 | +€2,581 | +18.2% |
| Taxes | 450/3 | €14,147 | €7,867 | -€6,280 | -44.4% |
| Remuneration and social security | 454/9 | - | €8,861 | +€8,861 | |
| Other amounts payable | 47/48 | €8,844,756 | €8,794,559 | -€50,196 | -0.6% |
| Remuneration, social security and pensions | 62 | €4,425 | €29,759 | +€25,334 | +573% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €5,812 | +€4,332 | +293% |
| Other operating charges | 640/8 | €5,199 | €6,203 | +€1,005 | +19.3% |
| Gross operating margin | 9900 | -€10,181 | -€31,559 | -€21,378 | -210% |
| Operating profit (loss) | 9901 | -€21,284 | -€73,333 | -€52,049 | -245% |
| Financial income | 75/76B | - | €300 | +€300 | |
| Recurring financial income | 75 | - | €300 | +€300 | |
| Financial charges | 65/66B | €53,471 | €116,229 | +€62,758 | +117% |
| Recurring financial charges | 65 | €53,471 | €116,229 | +€62,758 | +117% |
| Profit (loss) for the period before taxes | 9903 | -€74,755 | -€189,262 | -€114,507 | -153% |
| Income taxes | 67/77 | €827 | €826 | -€1 | -0.1% |
| Profit (loss) for the period | 9904 | -€75,582 | -€190,088 | -€114,506 | -152% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,582 | -€190,088 | -€114,506 | -152% |
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 14 October 2026 via checked.be.