STONEBOXING: 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.
STONEBOXING
Largest movements
- Cash -€207,403
down €207,403 (-64.2%), from €323,122 to €115,719
mainly Investment in fixed assets (net) (-€205,975) and Other debts (-€143,349)
- Financial fixed assets +€205,975
new in 2025: €205,975
- Receivables within one year -€24,492
down €24,492 (-41.5%), from €59,041 to €34,549
- Other debts -€143,349
down €143,349 (-89.3%), from €160,511 to €17,162
- Reserves +€136,355
up €136,355 (+25.1%), from €544,121 to €680,477
of which Distributable reserves: +€136,355
- Tax, wage and social debts -€20,093
down €20,093 (-47.0%), from €42,737 to €22,644
- Taxes +€6,252
up €6,252 (+12.0%), from €52,009 to €58,261
- Gross operating margin +€3,256
up €3,256 (+1.9%), from €171,008 to €174,264
- Financial charges -€1,998
down €1,998 (-67.0%), from €2,981 to €982
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 | €761,959 | €736,018 | -€25,941 | -3.4% |
| Fixed assets | 21/28 | €3,036 | €208,119 | +€205,082 | +6754.3% |
| Tangible fixed assets | 22/27 | €3,036 | €2,144 | -€893 | -29.4% |
| Furniture and vehicles | 24 | €3,036 | €2,144 | -€893 | -29.4% |
| Financial fixed assets | 28 | - | €205,975 | +€205,975 | |
| Current assets | 29/58 | €758,923 | €527,899 | -€231,023 | -30.4% |
| Amounts receivable within one year | 40/41 | €59,041 | €34,549 | -€24,492 | -41.5% |
| Trade receivables | 40 | €59,041 | €34,549 | -€24,492 | -41.5% |
| Current investments | 50/53 | €375,567 | €376,399 | +€832 | +0.2% |
| Cash at bank and in hand | 54/58 | €323,122 | €115,719 | -€207,403 | -64.2% |
| Deferred charges and accrued income | 490/1 | €1,192 | €1,233 | +€40 | +3.4% |
| Total equity and liabilities | 10/49 | €761,959 | €736,018 | -€25,941 | -3.4% |
| Equity | 10/15 | €556,521 | €692,877 | +€136,355 | +24.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €544,121 | €680,477 | +€136,355 | +25.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €544,121 | €680,477 | +€136,355 | +25.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €205,438 | €43,141 | -€162,296 | -79.0% |
| Amounts payable within one year | 42/48 | €205,438 | €43,083 | -€162,355 | -79.0% |
| Trade debts | 44 | €2,190 | €3,277 | +€1,087 | +49.6% |
| Suppliers | 440/4 | €2,190 | €3,277 | +€1,087 | +49.6% |
| Taxes, remuneration and social security | 45 | €42,737 | €22,644 | -€20,093 | -47.0% |
| Taxes | 450/3 | €42,737 | €22,644 | -€20,093 | -47.0% |
| Other amounts payable | 47/48 | €160,511 | €17,162 | -€143,349 | -89.3% |
| Accrued charges and deferred income | 492/3 | - | €58 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,053 | €893 | -€160 | -15.2% |
| Other operating charges | 640/8 | €1,837 | €1,418 | -€418 | -22.8% |
| Gross operating margin | 9900 | €171,008 | €174,264 | +€3,256 | +1.9% |
| Operating profit (loss) | 9901 | €168,118 | €171,953 | +€3,835 | +2.3% |
| Financial income | 75/76B | €22,181 | €23,646 | +€1,465 | +6.6% |
| Recurring financial income | 75 | €22,181 | €23,646 | +€1,465 | +6.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,981 | €982 | -€1,998 | -67.0% |
| Recurring financial charges | 65 | €2,981 | €982 | -€1,998 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | €187,317 | €194,616 | +€7,299 | +3.9% |
| Income taxes | 67/77 | €52,009 | €58,261 | +€6,252 | +12.0% |
| Profit (loss) for the period | 9904 | €135,309 | €136,355 | +€1,047 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €135,309 | €136,355 | +€1,047 | +0.8% |
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 9 October 2026 via checked.be.