STONEWORK: 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.
STONEWORK
Largest movements
- Financial fixed assets -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Cash +€9,357
up €9,357 (+903.5%), from €1,036 to €10,393
mainly Investment in fixed assets (net) (+€198,446) and Net result for the year (+€65,657)
- Tangible fixed assets -€6,083
down €6,083 (-3.8%), from €158,339 to €152,256
of which Land and buildings: -€5,904
- Contributions -€300,000
down €300,000 (-73.9%), from €406,200 to €106,200
- Profit (loss) carried forward +€65,657
up €65,657 (+72.1%), from -€91,014 to -€25,357
- Other debts +€38,473
up €38,473 (+612.2%), from €6,284 to €44,757
- Tax, wage and social debts +€15,374
up €15,374 (+8095.2%), from €190 to €15,564
- Trade debts -€10,273
down €10,273 (-90.2%), from €11,384 to €1,111
- Gross operating margin +€77,049
up €77,049 (+397.3%), from €19,394 to €96,443
- Depreciation -€23,400
down €23,400 (-75.4%), from €31,037 to €7,637
- Taxes +€15,374
up €15,374 (+8095.2%), from €190 to €15,564
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 | €361,808 | €165,091 | -€196,717 | -54.4% |
| Fixed assets | 21/28 | €358,339 | €152,256 | -€206,083 | -57.5% |
| Tangible fixed assets | 22/27 | €158,339 | €152,256 | -€6,083 | -3.8% |
| Land and buildings | 22 | €158,160 | €152,256 | -€5,904 | -3.7% |
| Furniture and vehicles | 24 | €179 | €0 | -€179 | -100.0% |
| Financial fixed assets | 28 | €200,000 | €0 | -€200,000 | -100.0% |
| Current assets | 29/58 | €3,469 | €12,835 | +€9,367 | +270.0% |
| Amounts receivable within one year | 40/41 | €95 | €95 | = | 0.0% |
| Trade receivables | 40 | €95 | €95 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,036 | €10,393 | +€9,357 | +903.5% |
| Deferred charges and accrued income | 490/1 | €2,338 | €2,347 | +€10 | +0.4% |
| Total equity and liabilities | 10/49 | €361,808 | €165,091 | -€196,717 | -54.4% |
| Equity | 10/15 | €315,186 | €80,843 | -€234,343 | -74.4% |
| Contributions | 10/11 | €406,200 | €106,200 | -€300,000 | -73.9% |
| Profit (loss) carried forward | 14 | -€91,014 | -€25,357 | +€65,657 | +72.1% |
| Amounts payable | 17/49 | €46,622 | €84,249 | +€37,626 | +80.7% |
| Amounts payable after more than one year | 17 | €21,741 | €15,896 | -€5,846 | -26.9% |
| Financial debts | 170/4 | €21,741 | €15,896 | -€5,846 | -26.9% |
| Amounts payable within one year | 42/48 | €23,430 | €67,278 | +€43,848 | +187.1% |
| Current portion of amounts payable after more than one year | 42 | €5,573 | €5,846 | +€273 | +4.9% |
| Trade debts | 44 | €11,384 | €1,111 | -€10,273 | -90.2% |
| Suppliers | 440/4 | €11,384 | €1,111 | -€10,273 | -90.2% |
| Taxes, remuneration and social security | 45 | €190 | €15,564 | +€15,374 | +8095.2% |
| Taxes | 450/3 | €190 | €15,564 | +€15,374 | +8095.2% |
| Other amounts payable | 47/48 | €6,284 | €44,757 | +€38,473 | +612.2% |
| Accrued charges and deferred income | 492/3 | €1,451 | €1,075 | -€376 | -25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,037 | €7,637 | -€23,400 | -75.4% |
| Other operating charges | 640/8 | €10,971 | €11,314 | +€343 | +3.1% |
| Gross operating margin | 9900 | €19,394 | €96,443 | +€77,049 | +397.3% |
| Operating profit (loss) | 9901 | -€22,614 | €77,492 | +€100,106 | |
| Financial income | 75/76B | €5,430 | €4,977 | -€452 | -8.3% |
| Recurring financial income | 75 | €5,430 | €4,977 | -€452 | -8.3% |
| Financial charges | 65/66B | €1,151 | €1,247 | +€97 | +8.4% |
| Recurring financial charges | 65 | €1,151 | €1,247 | +€97 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,335 | €81,221 | +€99,557 | |
| Income taxes | 67/77 | €190 | €15,564 | +€15,374 | +8095.2% |
| Profit (loss) for the period | 9904 | -€18,525 | €65,657 | +€84,182 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,525 | €65,657 | +€84,182 |
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.