STONEHILL: 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.
What changed
STONEHILL
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€424,194
2024 · €271,533+€152,661
Equity
€23.0m
2024 · €22.6m+€327,031
Cash
-
not filed
Balance sheet total
€44.1m
2024 · €43.7m+€406,343
Largest movements
Assets
- Receivables within one year +€545,846
up €545,846 (+11.3%), from €4.8m to €5.4m
of which Other amounts receivable: +€324,092
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Services and other goods -€474,101
down €474,101 (-79.8%), from €594,272 to €120,171
- Other operating income +€295,322
new in 2025: €295,322
- Taxes +€267,442
new in 2025: €267,442
- Other operating charges +€179,753
up €179,753 (+79.0%), from €227,554 to €407,306
- Turnover +€86,147
up €86,147 (+3.3%), from €2.6m to €2.7m
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
€271,533
Turnover
+€86,147
Other operating income
+€295,322
Services and other goods
+€474,101
Depreciation
-€46,951
Other operating charges
-€179,753
Other operating items
-€204,087
Financial income
-€46,773
Financial charges
+€2,269
Taxes
-€267,442
Deferred taxes and other
+€39,827
Result 2025
€424,194
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,696,799 | €44,103,142 | +€406,343 | +0.9% |
| Fixed assets | 21/28 | €38,885,858 | €38,745,404 | -€140,454 | -0.4% |
| Tangible fixed assets | 22/27 | €38,885,858 | €38,745,404 | -€140,454 | -0.4% |
| Land and buildings | 22 | €38,885,858 | €38,745,404 | -€140,454 | -0.4% |
| Current assets | 29/58 | €4,810,941 | €5,357,737 | +€546,796 | +11.4% |
| Amounts receivable within one year | 40/41 | €4,810,941 | €5,356,787 | +€545,846 | +11.3% |
| Trade receivables | 40 | €874 | €222,627 | +€221,753 | +25372.3% |
| Other amounts receivable | 41 | €4,810,067 | €5,134,159 | +€324,092 | +6.7% |
| Deferred charges and accrued income | 490/1 | - | €950 | +€950 | |
| Total equity and liabilities | 10/49 | €43,696,799 | €44,103,142 | +€406,343 | +0.9% |
| Equity | 10/15 | €22,641,807 | €22,968,838 | +€327,031 | +1.4% |
| Contributions | 10/11 | €20,731,670 | €20,731,670 | = | 0.0% |
| Capital | 10 | €20,731,670 | €20,731,670 | = | 0.0% |
| Issued capital | 100 | €20,731,670 | €20,731,670 | = | 0.0% |
| Reserves | 13 | €1,652,181 | €1,808,927 | +€156,745 | +9.5% |
| Non-distributable reserves | 130/1 | €753,577 | €758,762 | +€5,186 | +0.7% |
| Legal reserve | 130 | €753,577 | €758,762 | +€5,186 | +0.7% |
| Tax-exempt reserves | 132 | €826,846 | €1,050,164 | +€223,319 | +27.0% |
| Distributable reserves | 133 | €71,759 | - | -€71,759 | |
| Profit (loss) carried forward | 14 | €257,956 | €428,242 | +€170,286 | +66.0% |
| Provisions and deferred taxes | 16 | €482,065 | €350,055 | -€132,010 | -27.4% |
| Provisions for liabilities and charges | 160/5 | €206,450 | - | -€206,450 | |
| Major repairs and maintenance | 162 | €206,450 | - | -€206,450 | |
| Deferred taxes | 168 | €275,615 | €350,055 | +€74,440 | +27.0% |
| Amounts payable | 17/49 | €20,572,927 | €20,784,248 | +€211,321 | +1.0% |
| Amounts payable after more than one year | 17 | €20,000,000 | €20,000,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000,000 | €20,000,000 | = | 0.0% |
| Other loans | 174 | €20,000,000 | €20,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €572,927 | €784,248 | +€211,321 | +36.9% |
| Trade debts | 44 | €572,927 | €761,345 | +€188,418 | +32.9% |
| Suppliers | 440/4 | €572,927 | €761,345 | +€188,418 | +32.9% |
| Taxes, remuneration and social security | 45 | - | €22,215 | +€22,215 | |
| Taxes | 450/3 | - | €22,215 | +€22,215 | |
| Other amounts payable | 47/48 | - | €689 | +€689 | |
| Operating income | 70/76A | €3,079,492 | €2,985,885 | -€93,607 | -3.0% |
| Turnover | 70 | €2,604,416 | €2,690,563 | +€86,147 | +3.3% |
| Other operating income | 74 | - | €295,322 | +€295,322 | |
| Non-recurring operating income | 76A | €475,076 | - | -€475,076 | |
| Operating charges | 60/66A | €2,053,746 | €1,535,359 | -€518,387 | -25.2% |
| Services and other goods | 61 | €594,272 | €120,171 | -€474,101 | -79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €960,931 | €1,007,882 | +€46,951 | +4.9% |
| Other operating charges | 640/8 | €227,554 | €407,306 | +€179,753 | +79.0% |
| Non-recurring operating charges | 66A | €270,990 | - | -€270,990 | |
| Operating profit (loss) | 9901 | €1,025,746 | €1,450,526 | +€424,780 | +41.4% |
| Financial income | 75/76B | €161,341 | €114,568 | -€46,773 | -29.0% |
| Recurring financial income | 75 | €161,341 | €114,568 | -€46,773 | -29.0% |
| Income from current assets | 751 | €161,341 | €114,568 | -€46,773 | -29.0% |
| Financial charges | 65/66B | €915,554 | €913,285 | -€2,269 | -0.2% |
| Recurring financial charges | 65 | €915,554 | €913,285 | -€2,269 | -0.2% |
| Debt charges | 650 | €915,000 | €912,500 | -€2,500 | -0.3% |
| Other financial charges | 652/9 | €554 | €785 | +€231 | +41.6% |
| Profit (loss) for the period before taxes | 9903 | €271,533 | €651,809 | +€380,277 | +140.0% |
| Transfer from deferred taxes | 780 | - | €39,827 | +€39,827 | |
| Income taxes | 67/77 | - | €267,442 | +€267,442 | |
| Taxes | 670/3 | - | €267,442 | +€267,442 | |
| Profit (loss) for the period | 9904 | €271,533 | €424,194 | +€152,661 | +56.2% |
| Transfer from tax-exempt reserves | 789 | - | €119,480 | +€119,480 | |
| Transfer to tax-exempt reserves | 689 | - | €225,683 | +€225,683 | |
| Profit (loss) for the period to be appropriated | 9905 | €271,533 | €317,990 | +€46,458 | +17.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.