IMMO STYLES: 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.
IMMO STYLES
Largest movements
- Cash +€19,471
up €19,471 (+37.7%), from €51,605 to €71,075
mainly Current portion of long-term debt (+€9,294) and Net result for the year (+€7,372)
- Receivables within one year +€7,390
up €7,390 (+68.8%), from €10,738 to €18,128
of which Trade receivables: +€4,513
- Tangible fixed assets -€4,155
down €4,155 (-46.0%), from €9,037 to €4,881
of which Plant, machinery and equipment: -€3,220
- Deferred charges and accrued income +€1,229
up €1,229 (+15.2%), from €8,068 to €9,298
- Current portion of long-term debt +€9,294
up €9,294 (+309.9%), from €2,999 to €12,293
- Reserves +€7,300
up €7,300 (+392.5%), from €1,860 to €9,160
- Tax, wage and social debts +€3,712
up €3,712 (+22.8%), from €16,267 to €19,980
of which Taxes: +€3,596
- Debts after one year +€3,099
new in 2025: €3,099
- Gross operating margin -€22,188
down €22,188 (-27.6%), from €80,329 to €58,141
- Taxes -€18,864
down €18,864 (-64.4%), from €29,310 to €10,446
- Other operating charges +€10,475
up €10,475 (+160.2%), from €6,539 to €17,014
- Staff costs -€1,504
down €1,504 (-8.2%), from €18,340 to €16,836
- Depreciation +€1,218
up €1,218 (+28.3%), from €4,300 to €5,518
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 | €84,266 | €108,201 | +€23,935 | +28.4% |
| Fixed assets | 21/28 | €12,837 | €8,681 | -€4,155 | -32.4% |
| Tangible fixed assets | 22/27 | €9,037 | €4,881 | -€4,155 | -46.0% |
| Plant, machinery and equipment | 23 | €5,329 | €2,109 | -€3,220 | -60.4% |
| Furniture and vehicles | 24 | €3,707 | €2,772 | -€935 | -25.2% |
| Financial fixed assets | 28 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €71,430 | €99,520 | +€28,090 | +39.3% |
| Amounts receivable within one year | 40/41 | €10,738 | €18,128 | +€7,390 | +68.8% |
| Trade receivables | 40 | €9,366 | €13,878 | +€4,513 | +48.2% |
| Other amounts receivable | 41 | €1,373 | €4,250 | +€2,877 | +209.6% |
| Current investments | 50/53 | €1,018 | €1,018 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,605 | €71,075 | +€19,471 | +37.7% |
| Deferred charges and accrued income | 490/1 | €8,068 | €9,298 | +€1,229 | +15.2% |
| Total equity and liabilities | 10/49 | €84,266 | €108,201 | +€23,935 | +28.4% |
| Equity | 10/15 | €43,789 | €51,161 | +€7,372 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €9,160 | +€7,300 | +392.5% |
| Distributable reserves | 133 | €1,860 | €9,160 | +€7,300 | +392.5% |
| Profit (loss) carried forward | 14 | €23,329 | €23,401 | +€72 | +0.3% |
| Amounts payable | 17/49 | €40,478 | €57,040 | +€16,563 | +40.9% |
| Amounts payable after more than one year | 17 | - | €3,099 | +€3,099 | |
| Financial debts | 170/4 | - | €3,099 | +€3,099 | |
| Amounts payable within one year | 42/48 | €40,478 | €53,942 | +€13,464 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €2,999 | €12,293 | +€9,294 | +309.9% |
| Trade debts | 44 | €21,209 | €21,667 | +€458 | +2.2% |
| Suppliers | 440/4 | €21,209 | €21,667 | +€458 | +2.2% |
| Taxes, remuneration and social security | 45 | €16,267 | €19,980 | +€3,712 | +22.8% |
| Taxes | 450/3 | €13,441 | €17,037 | +€3,596 | +26.8% |
| Remuneration and social security | 454/9 | €2,826 | €2,942 | +€116 | +4.1% |
| Other amounts payable | 47/48 | €2 | €2 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €18,340 | €16,836 | -€1,504 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,300 | €5,518 | +€1,218 | +28.3% |
| Other operating charges | 640/8 | €6,539 | €17,014 | +€10,475 | +160.2% |
| Gross operating margin | 9900 | €80,329 | €58,141 | -€22,188 | -27.6% |
| Operating profit (loss) | 9901 | €51,149 | €18,773 | -€32,377 | -63.3% |
| Financial income | 75/76B | €44 | €116 | +€72 | +162.7% |
| Recurring financial income | 75 | €44 | €116 | +€72 | +162.8% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €641 | €1,071 | +€430 | +67.1% |
| Recurring financial charges | 65 | €641 | €1,071 | +€430 | +67.1% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €50,553 | €17,818 | -€32,735 | -64.8% |
| Income taxes | 67/77 | €29,310 | €10,446 | -€18,864 | -64.4% |
| Profit (loss) for the period | 9904 | €21,243 | €7,372 | -€13,871 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,243 | €7,372 | -€13,871 | -65.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.