E-STYLE: 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.
E-STYLE
Largest movements
- Stocks and contracts -€27,106
down €27,106 (-29.9%), from €90,557 to €63,451
- Cash +€17,160
up €17,160 (+544.1%), from €3,154 to €20,313
mainly Stocks and contracts (+€27,106) and Receivables within one year (+€2,838)
- Receivables within one year -€2,838
down €2,838 (-29.2%), from €9,732 to €6,894
of which Other amounts receivable: -€9,732
- Profit (loss) carried forward -€9,319
down €9,319 (-10.3%), from €90,780 to €81,461
- Other debts -€4,000
down €4,000 (-100.0%), from €4,000 to €0
- Advances received -€1,126
down €1,126 (-28.9%), from €3,902 to €2,776
- Gross operating margin +€7,283
up €7,283 (+53.8%), from -€13,537 to -€6,254
- Financial charges -€1,330
down €1,330 (-76.1%), from €1,748 to €418
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 | €106,742 | €92,728 | -€14,014 | -13.1% |
| Fixed assets | 21/28 | €2,485 | €2,070 | -€415 | -16.7% |
| Tangible fixed assets | 22/27 | €619 | €190 | -€428 | -69.2% |
| Plant, machinery and equipment | 23 | €619 | €190 | -€428 | -69.2% |
| Financial fixed assets | 28 | €1,866 | €1,879 | +€13 | +0.7% |
| Current assets | 29/58 | €104,257 | €90,658 | -€13,599 | -13.0% |
| Stocks and contracts in progress | 3 | €90,557 | €63,451 | -€27,106 | -29.9% |
| Stocks | 30/36 | €90,557 | €63,451 | -€27,106 | -29.9% |
| Amounts receivable within one year | 40/41 | €9,732 | €6,894 | -€2,838 | -29.2% |
| Trade receivables | 40 | - | €6,894 | +€6,894 | |
| Other amounts receivable | 41 | €9,732 | €0 | -€9,732 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,154 | €20,313 | +€17,160 | +544.1% |
| Deferred charges and accrued income | 490/1 | €814 | €0 | -€814 | -100.0% |
| Total equity and liabilities | 10/49 | €106,742 | €92,728 | -€14,014 | -13.1% |
| Equity | 10/15 | €98,840 | €89,521 | -€9,319 | -9.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,780 | €81,461 | -€9,319 | -10.3% |
| Amounts payable | 17/49 | €7,902 | €3,207 | -€4,695 | -59.4% |
| Amounts payable within one year | 42/48 | €7,902 | €3,207 | -€4,695 | -59.4% |
| Trade debts | 44 | €0 | €155 | +€155 | |
| Suppliers | 440/4 | €0 | €155 | +€155 | |
| Advances received on contracts in progress | 46 | €3,902 | €2,776 | -€1,126 | -28.9% |
| Taxes, remuneration and social security | 45 | €0 | €277 | +€277 | |
| Taxes | 450/3 | €0 | €277 | +€277 | |
| Other amounts payable | 47/48 | €4,000 | €0 | -€4,000 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €428 | €428 | = | 0.0% |
| Other operating charges | 640/8 | €2,412 | €2,329 | -€83 | -3.4% |
| Gross operating margin | 9900 | -€13,537 | -€6,254 | +€7,283 | +53.8% |
| Operating profit (loss) | 9901 | -€16,377 | -€9,011 | +€7,366 | +45.0% |
| Financial income | 75/76B | €11 | €29 | +€18 | +164.5% |
| Recurring financial income | 75 | €11 | €29 | +€18 | +164.5% |
| Financial charges | 65/66B | €1,748 | €418 | -€1,330 | -76.1% |
| Recurring financial charges | 65 | €1,748 | €418 | -€1,330 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,114 | -€9,399 | +€8,714 | +48.1% |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100.0% |
| Profit (loss) for the period | 9904 | -€18,115 | -€9,399 | +€8,716 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,115 | -€9,399 | +€8,716 | +48.1% |
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.