Stonefish: what changed
Two fiscal 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.
Stonefish
Largest movements
- Receivables within one year +€88,942
up €88,942 (+2269.5%), from €3,919 to €92,861
of which Trade receivables: +€92,706
- Intangible fixed assets -€17,634
down €17,634 (-80.2%), from €21,995 to €4,361
- Tangible fixed assets -€14,388
down €14,388 (-8.1%), from €177,716 to €163,328
- Financial fixed assets +€9,120
up €9,120 (+147.1%), from €6,200 to €15,320
- Cash +€4,694
up €4,694 (+581.9%), from €807 to €5,501
mainly Other debts (+€60,717) and Depreciation (+€23,400)
- Other debts +€60,717
up €60,717 (+217.8%), from €27,874 to €88,591
- Debts after one year -€27,701
down €27,701 (-10.7%), from €259,529 to €231,828
- Profit (loss) carried forward +€18,555
up €18,555 (+12.1%), from -€153,123 to -€134,568
- Tax, wage and social debts +€10,671
up €10,671 (+167.4%), from €6,375 to €17,046
of which Taxes: +€5,560
- Trade debts +€5,319
up €5,319 (+105.4%), from €5,045 to €10,365
- Gross operating margin +€98,530
up €98,530, from -€13,824 to €84,706
- Staff costs +€12,145
up €12,145 (+53.6%), from €22,644 to €34,789
- Depreciation -€3,905
down €3,905 (-14.3%), from €27,305 to €23,400
- Financial charges +€1,621
up €1,621 (+42.3%), from €3,829 to €5,449
- Other operating charges -€857
down €857 (-28.4%), from €3,016 to €2,159
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 | €283,030 | €351,061 | +€68,031 | +24.0% |
| Fixed assets | 21/28 | €205,911 | €183,009 | -€22,902 | -11.1% |
| Intangible fixed assets | 21 | €21,995 | €4,361 | -€17,634 | -80.2% |
| Tangible fixed assets | 22/27 | €177,716 | €163,328 | -€14,388 | -8.1% |
| Land and buildings | 22 | €144,693 | €138,387 | -€6,307 | -4.4% |
| Plant, machinery and equipment | 23 | €22,858 | €19,493 | -€3,365 | -14.7% |
| Furniture and vehicles | 24 | €10,164 | €5,448 | -€4,716 | -46.4% |
| Financial fixed assets | 28 | €6,200 | €15,320 | +€9,120 | +147.1% |
| Current assets | 29/58 | €77,118 | €168,052 | +€90,934 | +117.9% |
| Stocks and contracts in progress | 3 | €67,938 | €66,608 | -€1,330 | -2.0% |
| Stocks | 30/36 | €67,938 | €66,608 | -€1,330 | -2.0% |
| Amounts receivable within one year | 40/41 | €3,919 | €92,861 | +€88,942 | +2269.5% |
| Trade receivables | 40 | €0 | €92,706 | +€92,706 | |
| Other amounts receivable | 41 | €3,919 | €155 | -€3,764 | -96.0% |
| Cash at bank and in hand | 54/58 | €807 | €5,501 | +€4,694 | +581.9% |
| Deferred charges and accrued income | 490/1 | €4,455 | €3,081 | -€1,373 | -30.8% |
| Total equity and liabilities | 10/49 | €283,030 | €351,061 | +€68,031 | +24.0% |
| Equity | 10/15 | -€48,151 | -€29,596 | +€18,555 | +38.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €92,573 | €92,573 | = | 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% |
| Tax-exempt reserves | 132 | €1,345 | €1,345 | = | 0.0% |
| Distributable reserves | 133 | €89,368 | €89,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,123 | -€134,568 | +€18,555 | +12.1% |
| Amounts payable | 17/49 | €331,180 | €380,657 | +€49,477 | +14.9% |
| Amounts payable after more than one year | 17 | €259,529 | €231,828 | -€27,701 | -10.7% |
| Financial debts | 170/4 | €259,529 | €231,828 | -€27,701 | -10.7% |
| Amounts payable within one year | 42/48 | €71,652 | €146,548 | +€74,896 | +104.5% |
| Current portion of amounts payable after more than one year | 42 | €27,097 | €27,701 | +€604 | +2.2% |
| Financial debts | 43 | €5,260 | €2,846 | -€2,414 | -45.9% |
| Credit institutions | 430/8 | €5,260 | €2,846 | -€2,414 | -45.9% |
| Trade debts | 44 | €5,045 | €10,365 | +€5,319 | +105.4% |
| Suppliers | 440/4 | €5,045 | €10,365 | +€5,319 | +105.4% |
| Taxes, remuneration and social security | 45 | €6,375 | €17,046 | +€10,671 | +167.4% |
| Taxes | 450/3 | €565 | €6,125 | +€5,560 | +983.5% |
| Remuneration and social security | 454/9 | €5,810 | €10,921 | +€5,111 | +88.0% |
| Other amounts payable | 47/48 | €27,874 | €88,591 | +€60,717 | +217.8% |
| Accrued charges and deferred income | 492/3 | - | €2,281 | +€2,281 | |
| Remuneration, social security and pensions | 62 | €22,644 | €34,789 | +€12,145 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,305 | €23,400 | -€3,905 | -14.3% |
| Other operating charges | 640/8 | €3,016 | €2,159 | -€857 | -28.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€13,824 | €84,706 | +€98,530 | |
| Operating profit (loss) | 9901 | -€66,788 | €24,359 | +€91,147 | |
| Financial income | 75/76B | €3 | €236 | +€233 | +8625.9% |
| Recurring financial income | 75 | €3 | €236 | +€233 | +8625.9% |
| Financial charges | 65/66B | €3,829 | €5,449 | +€1,621 | +42.3% |
| Recurring financial charges | 65 | €3,829 | €5,449 | +€1,621 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€70,614 | €19,145 | +€89,759 | |
| Income taxes | 67/77 | €565 | €590 | +€25 | +4.4% |
| Profit (loss) for the period | 9904 | -€71,180 | €18,555 | +€89,734 | |
| Profit (loss) for the period to be appropriated | 9905 | -€71,180 | €18,555 | +€89,734 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.