Kurt Styfhals Consult: 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.
Kurt Styfhals Consult
Largest movements
- Cash -€3,252
down €3,252 (-59.2%), from €5,492 to €2,240
mainly Contributions, distributions and other (-€15,000) and Tax, wage and social debts (-€6,031)
- Other debts +€15,000
new in 2025: €15,000
- Reserves -€10,551
down €10,551 (-16.3%), from €64,882 to €54,331
of which Distributable reserves: -€10,551
- Tax, wage and social debts -€6,031
down €6,031 (-51.9%), from €11,631 to €5,600
- Gross operating margin -€13,002
down €13,002, from €12,284 to -€718
- Taxes -€2,403
down €2,403 (-60.0%), from €4,003 to €1,600
- Other operating charges -€670
down €670 (-83.9%), from €799 to €129
- Financial charges +€231
up €231 (+147%), from €157 to €388
- Depreciation -€192
down €192 (-58.2%), from €330 to €138
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 | €146,965 | €144,931 | -€2,034 | -1.4% |
| Fixed assets | 21/28 | €82 | €1,274 | +€1,191 | +1,444% |
| Tangible fixed assets | 22/27 | €82 | €1,274 | +€1,191 | +1,444% |
| Plant, machinery and equipment | 23 | €82 | €1,274 | +€1,191 | +1,444% |
| Current assets | 29/58 | €146,883 | €143,658 | -€3,225 | -2.2% |
| Amounts receivable within one year | 40/41 | €141,391 | €141,418 | +€26 | 0.0% |
| Trade receivables | 40 | €8,909 | - | -€8,909 | |
| Other amounts receivable | 41 | €132,483 | €141,418 | +€8,935 | +6.7% |
| Cash at bank and in hand | 54/58 | €5,492 | €2,240 | -€3,252 | -59.2% |
| Total equity and liabilities | 10/49 | €146,965 | €144,931 | -€2,034 | -1.4% |
| Equity | 10/15 | €134,882 | €124,331 | -€10,551 | -7.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €64,882 | €54,331 | -€10,551 | -16.3% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €57,882 | €47,331 | -€10,551 | -18.2% |
| Amounts payable | 17/49 | €12,083 | €20,600 | +€8,517 | +70.5% |
| Amounts payable within one year | 42/48 | €12,083 | €20,600 | +€8,517 | +70.5% |
| Trade debts | 44 | €453 | - | -€453 | |
| Suppliers | 440/4 | €453 | - | -€453 | |
| Taxes, remuneration and social security | 45 | €11,631 | €5,600 | -€6,031 | -51.9% |
| Taxes | 450/3 | €11,631 | €5,600 | -€6,031 | -51.9% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €138 | -€192 | -58.2% |
| Other operating charges | 640/8 | €799 | €129 | -€670 | -83.9% |
| Gross operating margin | 9900 | €12,284 | -€718 | -€13,002 | |
| Operating profit (loss) | 9901 | €11,155 | -€984 | -€12,140 | |
| Financial income | 75/76B | €7,356 | €7,422 | +€66 | +0.9% |
| Recurring financial income | 75 | €7,356 | €7,422 | +€66 | +0.9% |
| Financial charges | 65/66B | €157 | €388 | +€231 | +147% |
| Recurring financial charges | 65 | €157 | €388 | +€231 | +147% |
| Profit (loss) for the period before taxes | 9903 | €18,354 | €6,049 | -€12,304 | -67.0% |
| Income taxes | 67/77 | €4,003 | €1,600 | -€2,403 | -60.0% |
| Profit (loss) for the period | 9904 | €14,351 | €4,449 | -€9,901 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,351 | €4,449 | -€9,901 | -69.0% |
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.