Stonebox: 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
Stonebox
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,998
2024 · €46,162+€22,837
Equity
€170,839
2024 · €101,841+€68,998
Cash
€10,055
2024 · €6,118+€3,937
Balance sheet total
€1.1m
2024 · €1.2m-€46,546
Largest movements
Assets
- Tangible fixed assets -€51,733
down €51,733 (-4.5%), from €1.2m to €1.1m
of which Land and buildings: -€51,324
Equity and liabilities
- Debts after one year -€98,511
down €98,511 (-15.4%), from €638,742 to €540,231
- Reserves +€68,998
up €68,998 (+83.5%), from €82,641 to €151,639
- Other debts -€27,035
down €27,035 (-8.8%), from €305,734 to €278,700
Income statement
- Gross operating margin +€28,369
up €28,369 (+19.1%), from €148,438 to €176,807
- Taxes +€8,785
up €8,785 (+48.2%), from €18,211 to €26,996
- Financial charges -€3,265
down €3,265 (-15.9%), from €20,565 to €17,300
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
€46,162
Gross operating margin
+€28,369
Depreciation
+€1,369
Other operating charges
-€525
Other operating items
-€893
Financial income
+€36
Financial charges
+€3,265
Taxes
-€8,785
Result 2025
€68,998
raises the resultlowers the resultnot broken down further in the accounts
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
+€101,773
Investment
-€867
Financing
-€96,969
Cash 2024
€6,118
From operations (derived)
+€101,773
Net result for the year
+€68,998
Depreciation
+€52,600
Receivables within one year
-€839
Deferred charges and accrued income
-€411
Trade debts
-€7,852
Tax, wage and social debts
+€6,267
Advances received
+€1,441
Other debts
-€27,035
Accrued charges and deferred income
+€8,603
Investment (derived)
-€867
Investment in fixed assets (net)
-€867
Financing
-€96,969
Debts after one year
-€98,511
Current portion of long-term debt
+€1,542
Cash 2025
€10,055
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,179,430 | €1,132,883 | -€46,546 | -3.9% |
| Fixed assets | 21/28 | €1,152,619 | €1,100,886 | -€51,733 | -4.5% |
| Tangible fixed assets | 22/27 | €1,152,619 | €1,100,886 | -€51,733 | -4.5% |
| Land and buildings | 22 | €1,149,835 | €1,098,512 | -€51,324 | -4.5% |
| Furniture and vehicles | 24 | €2,784 | €2,374 | -€410 | -14.7% |
| Current assets | 29/58 | €26,811 | €31,998 | +€5,187 | +19.3% |
| Amounts receivable within one year | 40/41 | €19,391 | €20,230 | +€839 | +4.3% |
| Trade receivables | 40 | €18,151 | €18,990 | +€839 | +4.6% |
| Other amounts receivable | 41 | €1,240 | €1,240 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,118 | €10,055 | +€3,937 | +64.4% |
| Deferred charges and accrued income | 490/1 | €1,303 | €1,713 | +€411 | +31.5% |
| Total equity and liabilities | 10/49 | €1,179,430 | €1,132,883 | -€46,546 | -3.9% |
| Equity | 10/15 | €101,841 | €170,839 | +€68,998 | +67.8% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €82,641 | €151,639 | +€68,998 | +83.5% |
| Distributable reserves | 133 | €82,641 | €151,639 | +€68,998 | +83.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,077,589 | €962,044 | -€115,545 | -10.7% |
| Amounts payable after more than one year | 17 | €638,742 | €540,231 | -€98,511 | -15.4% |
| Financial debts | 170/4 | €638,742 | €540,231 | -€98,511 | -15.4% |
| Amounts payable within one year | 42/48 | €431,947 | €406,310 | -€25,637 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €96,969 | €98,511 | +€1,542 | +1.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,404 | €1,552 | -€7,852 | -83.5% |
| Suppliers | 440/4 | €9,404 | €1,552 | -€7,852 | -83.5% |
| Advances received on contracts in progress | 46 | - | €1,441 | +€1,441 | |
| Taxes, remuneration and social security | 45 | €19,839 | €26,106 | +€6,267 | +31.6% |
| Taxes | 450/3 | €19,839 | €26,106 | +€6,267 | +31.6% |
| Other amounts payable | 47/48 | €305,734 | €278,700 | -€27,035 | -8.8% |
| Accrued charges and deferred income | 492/3 | €6,900 | €15,504 | +€8,603 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,969 | €52,600 | -€1,369 | -2.5% |
| Other operating charges | 640/8 | €9,531 | €10,056 | +€525 | +5.5% |
| Non-recurring operating charges | 66A | - | €893 | +€893 | |
| Gross operating margin | 9900 | €148,438 | €176,807 | +€28,369 | +19.1% |
| Operating profit (loss) | 9901 | €84,938 | €113,258 | +€28,320 | +33.3% |
| Financial income | 75/76B | €0 | €36 | +€36 | |
| Recurring financial income | 75 | €0 | €36 | +€36 | |
| Financial charges | 65/66B | €20,565 | €17,300 | -€3,265 | -15.9% |
| Recurring financial charges | 65 | €20,565 | €17,300 | -€3,265 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €64,373 | €95,994 | +€31,621 | +49.1% |
| Income taxes | 67/77 | €18,211 | €26,996 | +€8,785 | +48.2% |
| Profit (loss) for the period | 9904 | €46,162 | €68,998 | +€22,837 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,162 | €68,998 | +€22,837 | +49.5% |
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 16 October 2026 via checked.be.