STONEWALL: 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.
STONEWALL
Largest movements
- Tangible fixed assets -€15,989
down €15,989 (-4.1%), from €391,516 to €375,527
- Receivables within one year +€15,296
up €15,296 (+224.7%), from €6,808 to €22,104
- Other debts +€21,009
up €21,009 (+144.2%), from €14,574 to €35,582
- Profit (loss) carried forward -€20,845
down €20,845 (-1.8%), from -€1.2m to -€1.2m
- Gross operating margin -€13,075
down €13,075 (-98.3%), from €13,298 to €223
- Other operating charges +€2,411
up €2,411 (+82.2%), from €2,932 to €5,343
- Financial income +€702
new in 2025: €702
- Financial charges +€275
up €275 (+168.7%), from €163 to €438
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 | €398,366 | €397,631 | -€735 | -0.2% |
| Fixed assets | 21/28 | €391,516 | €375,527 | -€15,989 | -4.1% |
| Tangible fixed assets | 22/27 | €391,516 | €375,527 | -€15,989 | -4.1% |
| Land and buildings | 22 | €391,516 | €375,527 | -€15,989 | -4.1% |
| Current assets | 29/58 | €6,851 | €22,104 | +€15,254 | +222.7% |
| Amounts receivable within one year | 40/41 | €6,808 | €22,104 | +€15,296 | +224.7% |
| Other amounts receivable | 41 | €6,808 | €22,104 | +€15,296 | +224.7% |
| Cash at bank and in hand | 54/58 | €42 | €0 | -€42 | -100.0% |
| Total equity and liabilities | 10/49 | €398,366 | €397,631 | -€735 | -0.2% |
| Equity | 10/15 | €382,427 | €361,582 | -€20,845 | -5.5% |
| Contributions | 10/11 | €1,508,800 | €1,508,800 | = | 0.0% |
| Reserves | 13 | €26,742 | €26,742 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €26,742 | €26,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,153,116 | -€1,173,961 | -€20,845 | -1.8% |
| Amounts payable | 17/49 | €15,940 | €36,049 | +€20,110 | +126.2% |
| Amounts payable within one year | 42/48 | €15,940 | €36,049 | +€20,110 | +126.2% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €1,366 | €449 | -€917 | -67.1% |
| Suppliers | 440/4 | €1,366 | €449 | -€917 | -67.1% |
| Other amounts payable | 47/48 | €14,574 | €35,582 | +€21,009 | +144.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,989 | €15,989 | = | 0.0% |
| Other operating charges | 640/8 | €2,932 | €5,343 | +€2,411 | +82.2% |
| Gross operating margin | 9900 | €13,298 | €223 | -€13,075 | -98.3% |
| Operating profit (loss) | 9901 | -€5,622 | -€21,109 | -€15,487 | -275.4% |
| Financial income | 75/76B | - | €702 | +€702 | |
| Recurring financial income | 75 | - | €702 | +€702 | |
| Financial charges | 65/66B | €163 | €438 | +€275 | +168.7% |
| Recurring financial charges | 65 | €163 | €438 | +€275 | +168.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,785 | -€20,845 | -€15,059 | -260.3% |
| Profit (loss) for the period | 9904 | -€5,785 | -€20,845 | -€15,059 | -260.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,785 | -€20,845 | -€15,059 | -260.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.