Stonecourt Advisory: 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.
Stonecourt Advisory
Largest movements
- Cash +€241,404
up €241,404 (+2,694%), from €8,960 to €250,363
mainly Receivables within one year (+€153,800) and Net result for the year (+€120,416)
- Receivables within one year -€153,800
down €153,800 (-79.6%), from €193,261 to €39,461
of which Trade receivables: -€146,184
- Current investments -€90,138
no longer reported in 2025 (was €90,138)
- Deferred charges and accrued income +€19,014
up €19,014 (+549%), from €3,464 to €22,478
- Profit (loss) carried forward -€94,584
down €94,584 (-43.8%), from €215,727 to €121,143
- Other debts +€57,775
up €57,775 (+131%), from €44,000 to €101,775
- Tax, wage and social debts +€31,089
up €31,089 (+151%), from €20,589 to €51,678
of which Taxes: +€28,875
- Current portion of long-term debt +€30,000
new in 2025: €30,000
- Reserves -€10,025
no longer reported in 2025 (was €10,025)
- Gross operating margin -€147,639
down €147,639 (-53.4%), from €276,241 to €128,602
- Taxes -€37,595
down €37,595 (-56.3%), from €66,772 to €29,177
- Financial income +€18,626
up €18,626 (+452%), from €4,122 to €22,748
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,150 | €314,243 | +€17,093 | +5.8% |
| Fixed assets | 21/28 | €1,328 | €1,941 | +€613 | +46.2% |
| Tangible fixed assets | 22/27 | €1,328 | €1,941 | +€613 | +46.2% |
| Plant, machinery and equipment | 23 | €1,328 | €1,941 | +€613 | +46.2% |
| Current assets | 29/58 | €295,822 | €312,302 | +€16,480 | +5.6% |
| Amounts receivable within one year | 40/41 | €193,261 | €39,461 | -€153,800 | -79.6% |
| Trade receivables | 40 | €149,534 | €3,350 | -€146,184 | -97.8% |
| Other amounts receivable | 41 | €43,727 | €36,111 | -€7,616 | -17.4% |
| Current investments | 50/53 | €90,138 | - | -€90,138 | |
| Cash at bank and in hand | 54/58 | €8,960 | €250,363 | +€241,404 | +2,694% |
| Deferred charges and accrued income | 490/1 | €3,464 | €22,478 | +€19,014 | +549% |
| Total equity and liabilities | 10/49 | €297,150 | €314,243 | +€17,093 | +5.8% |
| Equity | 10/15 | €230,752 | €126,143 | -€104,609 | -45.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,025 | - | -€10,025 | |
| Distributable reserves | 133 | €10,025 | - | -€10,025 | |
| Profit (loss) carried forward | 14 | €215,727 | €121,143 | -€94,584 | -43.8% |
| Amounts payable | 17/49 | €66,398 | €188,100 | +€121,702 | +183% |
| Amounts payable within one year | 42/48 | €66,398 | €188,100 | +€121,702 | +183% |
| Current portion of amounts payable after more than one year | 42 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €1,808 | €4,647 | +€2,839 | +157% |
| Suppliers | 440/4 | €1,808 | €4,647 | +€2,839 | +157% |
| Taxes, remuneration and social security | 45 | €20,589 | €51,678 | +€31,089 | +151% |
| Taxes | 450/3 | €20,589 | €49,464 | +€28,875 | +140% |
| Remuneration and social security | 454/9 | - | €2,214 | +€2,214 | |
| Other amounts payable | 47/48 | €44,000 | €101,775 | +€57,775 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €673 | +€24 | +3.7% |
| Other operating charges | 640/8 | €673 | €295 | -€378 | -56.1% |
| Gross operating margin | 9900 | €276,241 | €128,602 | -€147,639 | -53.4% |
| Operating profit (loss) | 9901 | €274,919 | €127,634 | -€147,285 | -53.6% |
| Financial income | 75/76B | €4,122 | €22,748 | +€18,626 | +452% |
| Recurring financial income | 75 | €4,122 | €22,748 | +€18,626 | +452% |
| Financial charges | 65/66B | €313 | €789 | +€476 | +152% |
| Recurring financial charges | 65 | €313 | €789 | +€476 | +152% |
| Profit (loss) for the period before taxes | 9903 | €278,728 | €149,593 | -€129,135 | -46.3% |
| Income taxes | 67/77 | €66,772 | €29,177 | -€37,595 | -56.3% |
| Profit (loss) for the period | 9904 | €211,956 | €120,416 | -€91,540 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €211,956 | €120,416 | -€91,540 | -43.2% |
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 30 October 2026 via checked.be.