EVENTS IN STYLE: what changed
EVENTS IN STYLE
Largest movements
- Receivables within one year -€30,889
down €30,889 (-32.5%), from €95,057 to €64,168
of which Trade receivables: -€57,415
- Intangible fixed assets -€23,687
down €23,687 (-12.4%), from €191,064 to €167,377
- Cash -€12,530
down €12,530 (-46.9%), from €26,742 to €14,212
mainly Trade debts (-€60,320) and Debts after one year (-€19,965)
- Trade debts -€60,320
down €60,320 (-83.0%), from €72,631 to €12,311
- Debts after one year -€19,965
down €19,965 (-17.2%), from €116,235 to €96,270
- Other debts +€4,792
up €4,792 (+5.8%), from €82,696 to €87,488
- Reserves +€4,496
up €4,496 (+227%), from €1,981 to €6,477
- Gross operating margin +€17,603
up €17,603 (+59.0%), from €29,848 to €47,451
- Other operating charges +€4,696
up €4,696 (+407%), from €1,154 to €5,850
- Taxes +€3,174
up €3,174 (+1,022%), from €310 to €3,485
- Financial charges +€2,127
up €2,127 (+34.2%), from €6,224 to €8,352
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €315,268 | €247,872 | -€67,397 | -21.4% |
| Fixed assets | 21/28 | €193,419 | €169,492 | -€23,927 | -12.4% |
| Intangible fixed assets | 21 | €191,064 | €167,377 | -€23,687 | -12.4% |
| Tangible fixed assets | 22/27 | €2,355 | €2,115 | -€240 | -10.2% |
| Plant, machinery and equipment | 23 | - | €1,129 | +€1,129 | |
| Furniture and vehicles | 24 | €2,355 | €987 | -€1,368 | -58.1% |
| Current assets | 29/58 | €121,849 | €78,380 | -€43,470 | -35.7% |
| Amounts receivable within one year | 40/41 | €95,057 | €64,168 | -€30,889 | -32.5% |
| Trade receivables | 40 | €75,237 | €17,822 | -€57,415 | -76.3% |
| Other amounts receivable | 41 | €19,820 | €46,347 | +€26,526 | +134% |
| Cash at bank and in hand | 54/58 | €26,742 | €14,212 | -€12,530 | -46.9% |
| Deferred charges and accrued income | 490/1 | €50 | - | -€50 | |
| Total equity and liabilities | 10/49 | €315,268 | €247,872 | -€67,397 | -21.4% |
| Equity | 10/15 | €21,981 | €26,477 | +€4,496 | +20.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,981 | €6,477 | +€4,496 | +227% |
| Distributable reserves | 133 | €1,981 | €6,477 | +€4,496 | +227% |
| Amounts payable | 17/49 | €293,288 | €221,395 | -€71,892 | -24.5% |
| Amounts payable after more than one year | 17 | €116,235 | €96,270 | -€19,965 | -17.2% |
| Financial debts | 170/4 | €116,235 | €96,270 | -€19,965 | -17.2% |
| Amounts payable within one year | 42/48 | €177,053 | €125,125 | -€51,928 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €19,189 | €19,965 | +€776 | +4.0% |
| Trade debts | 44 | €72,631 | €12,311 | -€60,320 | -83.0% |
| Suppliers | 440/4 | €72,631 | €12,311 | -€60,320 | -83.0% |
| Taxes, remuneration and social security | 45 | €2,537 | €5,361 | +€2,824 | +111% |
| Taxes | 450/3 | €2,537 | €5,361 | +€2,824 | +111% |
| Other amounts payable | 47/48 | €82,696 | €87,488 | +€4,792 | +5.8% |
| Non-recurring operating income | 76A | €973 | - | -€973 | |
| Remuneration, social security and pensions | 62 | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,056 | €25,195 | +€140 | +0.6% |
| Other operating charges | 640/8 | €1,154 | €5,850 | +€4,696 | +407% |
| Gross operating margin | 9900 | €29,848 | €47,451 | +€17,603 | +59.0% |
| Operating profit (loss) | 9901 | €3,639 | €16,331 | +€12,692 | +349% |
| Financial income | 75/76B | €31 | €2 | -€30 | -94.5% |
| Recurring financial income | 75 | €31 | €2 | -€30 | -94.5% |
| Financial charges | 65/66B | €6,224 | €8,352 | +€2,127 | +34.2% |
| Recurring financial charges | 65 | €6,224 | €8,352 | +€2,127 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,554 | €7,981 | +€10,535 | |
| Income taxes | 67/77 | €310 | €3,485 | +€3,174 | +1,022% |
| Profit (loss) for the period | 9904 | -€2,865 | €4,496 | +€7,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,865 | €4,496 | +€7,360 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.