VITAL STONE: 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.
VITAL STONE
Largest movements
- Cash -€4,633
down €4,633 (-26.5%), from €17,503 to €12,870
mainly Net result for the year (-€5,662) and Investment in fixed assets (net) (-€3,735)
- Stocks and contracts -€3,691
down €3,691 (-21.3%), from €17,335 to €13,644
- Intangible fixed assets -€2,666
down €2,666 (-71.8%), from €3,712 to €1,045
- Tangible fixed assets +€1,653
up €1,653 (+22.4%), from €7,385 to €9,038
of which Other tangible fixed assets: +€3,484
- Receivables within one year -€1,306
down €1,306 (-58.4%), from €2,236 to €930
of which Trade receivables: -€1,099
- Profit (loss) carried forward -€5,662
down €5,662 (-31.7%), from -€17,855 to -€23,517
- Other debts -€2,682
down €2,682 (-9.8%), from €27,425 to €24,743
- Investment grants -€2,400
down €2,400 (-75.5%), from €3,178 to €778
- Gross operating margin -€4,987
down €4,987, from €1,801 to -€3,187
- Depreciation -€960
down €960 (-16.8%), from €5,709 to €4,749
- Financial income +€42
up €42 (+1.8%), from €2,400 to €2,442
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 | €48,482 | €37,839 | -€10,644 | -22.0% |
| Fixed assets | 21/28 | €11,097 | €10,083 | -€1,014 | -9.1% |
| Intangible fixed assets | 21 | €3,712 | €1,045 | -€2,666 | -71.8% |
| Tangible fixed assets | 22/27 | €7,385 | €9,038 | +€1,653 | +22.4% |
| Plant, machinery and equipment | 23 | €6,125 | €4,885 | -€1,241 | -20.3% |
| Furniture and vehicles | 24 | €1,260 | €670 | -€590 | -46.8% |
| Other tangible fixed assets | 26 | - | €3,484 | +€3,484 | |
| Current assets | 29/58 | €37,385 | €27,755 | -€9,630 | -25.8% |
| Stocks and contracts in progress | 3 | €17,335 | €13,644 | -€3,691 | -21.3% |
| Stocks | 30/36 | €17,335 | €13,644 | -€3,691 | -21.3% |
| Amounts receivable within one year | 40/41 | €2,236 | €930 | -€1,306 | -58.4% |
| Trade receivables | 40 | €1,713 | €614 | -€1,099 | -64.2% |
| Other amounts receivable | 41 | €522 | €316 | -€207 | -39.6% |
| Cash at bank and in hand | 54/58 | €17,503 | €12,870 | -€4,633 | -26.5% |
| Deferred charges and accrued income | 490/1 | €312 | €312 | = | 0.0% |
| Total equity and liabilities | 10/49 | €48,482 | €37,839 | -€10,644 | -22.0% |
| Equity | 10/15 | €5,324 | -€2,739 | -€8,062 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,855 | -€23,517 | -€5,662 | -31.7% |
| Investment grants | 15 | €3,178 | €778 | -€2,400 | -75.5% |
| Amounts payable | 17/49 | €43,159 | €40,577 | -€2,581 | -6.0% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,159 | €25,577 | -€2,581 | -9.2% |
| Trade debts | 44 | €270 | €40 | -€230 | -85.3% |
| Suppliers | 440/4 | €270 | €40 | -€230 | -85.3% |
| Taxes, remuneration and social security | 45 | €464 | €795 | +€331 | +71.4% |
| Taxes | 450/3 | €464 | €795 | +€331 | +71.4% |
| Other amounts payable | 47/48 | €27,425 | €24,743 | -€2,682 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,709 | €4,749 | -€960 | -16.8% |
| Gross operating margin | 9900 | €1,801 | -€3,187 | -€4,987 | |
| Operating profit (loss) | 9901 | -€3,908 | -€7,935 | -€4,027 | -103% |
| Financial income | 75/76B | €2,400 | €2,442 | +€42 | +1.8% |
| Recurring financial income | 75 | €2,400 | €2,442 | +€42 | +1.8% |
| Financial charges | 65/66B | €184 | €169 | -€15 | -8.1% |
| Recurring financial charges | 65 | €184 | €169 | -€15 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,692 | -€5,662 | -€3,970 | -235% |
| Profit (loss) for the period | 9904 | -€1,692 | -€5,662 | -€3,970 | -235% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,692 | -€5,662 | -€3,970 | -235% |
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 18 October 2026 via checked.be.