InStyle Project: 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.
InStyle Project
Largest movements
- Receivables within one year +€29,701
up €29,701 (+43.8%), from €67,804 to €97,505
of which Trade receivables: +€27,514
- Tangible fixed assets -€14,539
down €14,539 (-5.9%), from €244,724 to €230,185
of which Land and buildings: -€11,267
- Deferred charges and accrued income -€5,483
down €5,483 (-100%), from €5,483 to €0
- Profit (loss) carried forward +€36,028
up €36,028 (+34.3%), from -€105,017 to -€68,988
- Debts after one year -€18,037
down €18,037 (-10.0%), from €179,821 to €161,784
- Trade debts +€16,320
up €16,320 (+41.0%), from €39,796 to €56,116
- Current portion of long-term debt -€14,798
down €14,798 (-12.6%), from €117,835 to €103,037
- Other debts -€6,311
down €6,311 (-100%), from €6,311 to €0
- Staff costs -€35,941
down €35,941 (-69.0%), from €52,056 to €16,116
- Gross operating margin +€28,244
up €28,244 (+49.5%), from €57,116 to €85,360
- Taxes -€3,815
down €3,815 (-100%), from €3,815 to €0
- Depreciation +€2,573
up €2,573 (+15.4%), from €16,735 to €19,307
- Other operating charges +€1,353
up €1,353 (+49.4%), from €2,737 to €4,090
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 | €318,244 | €328,917 | +€10,673 | +3.4% |
| Fixed assets | 21/28 | €244,924 | €230,385 | -€14,539 | -5.9% |
| Tangible fixed assets | 22/27 | €244,724 | €230,185 | -€14,539 | -5.9% |
| Land and buildings | 22 | €230,221 | €218,954 | -€11,267 | -4.9% |
| Plant, machinery and equipment | 23 | €4,707 | €2,466 | -€2,241 | -47.6% |
| Furniture and vehicles | 24 | €9,796 | €8,765 | -€1,031 | -10.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €73,321 | €98,532 | +€25,212 | +34.4% |
| Amounts receivable within one year | 40/41 | €67,804 | €97,505 | +€29,701 | +43.8% |
| Trade receivables | 40 | €58,812 | €86,326 | +€27,514 | +46.8% |
| Other amounts receivable | 41 | €8,992 | €11,179 | +€2,187 | +24.3% |
| Cash at bank and in hand | 54/58 | €33 | €1,027 | +€994 | +2,984% |
| Deferred charges and accrued income | 490/1 | €5,483 | €0 | -€5,483 | -100% |
| Total equity and liabilities | 10/49 | €318,244 | €328,917 | +€10,673 | +3.4% |
| Equity | 10/15 | -€32,717 | €3,311 | +€36,028 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,700 | €53,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,840 | €51,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,017 | -€68,988 | +€36,028 | +34.3% |
| Amounts payable | 17/49 | €350,961 | €325,606 | -€25,355 | -7.2% |
| Amounts payable after more than one year | 17 | €179,821 | €161,784 | -€18,037 | -10.0% |
| Financial debts | 170/4 | €179,821 | €161,784 | -€18,037 | -10.0% |
| Amounts payable within one year | 42/48 | €171,140 | €163,822 | -€7,318 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €117,835 | €103,037 | -€14,798 | -12.6% |
| Trade debts | 44 | €39,796 | €56,116 | +€16,320 | +41.0% |
| Suppliers | 440/4 | €39,796 | €56,116 | +€16,320 | +41.0% |
| Taxes, remuneration and social security | 45 | €7,199 | €4,670 | -€2,529 | -35.1% |
| Taxes | 450/3 | €0 | €920 | +€920 | |
| Remuneration and social security | 454/9 | €7,199 | €3,750 | -€3,449 | -47.9% |
| Other amounts payable | 47/48 | €6,311 | €0 | -€6,311 | -100% |
| Remuneration, social security and pensions | 62 | €52,056 | €16,116 | -€35,941 | -69.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,735 | €19,307 | +€2,573 | +15.4% |
| Other operating charges | 640/8 | €2,737 | €4,090 | +€1,353 | +49.4% |
| Gross operating margin | 9900 | €57,116 | €85,360 | +€28,244 | +49.5% |
| Operating profit (loss) | 9901 | -€14,412 | €45,847 | +€60,259 | |
| Financial income | 75/76B | €332 | €401 | +€68 | +20.5% |
| Recurring financial income | 75 | €332 | €401 | +€68 | +20.5% |
| Financial charges | 65/66B | €9,050 | €10,220 | +€1,170 | +12.9% |
| Recurring financial charges | 65 | €9,050 | €10,220 | +€1,170 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,130 | €36,028 | +€59,158 | |
| Income taxes | 67/77 | €3,815 | €0 | -€3,815 | -100% |
| Profit (loss) for the period | 9904 | -€26,944 | €36,028 | +€62,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,944 | €36,028 | +€62,972 |
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 17 October 2026 via checked.be.