N-STYLING: 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.
N-STYLING
Largest movements
- Receivables within one year +€15,029
up €15,029 (+76.9%), from €19,551 to €34,580
of which Other amounts receivable: +€13,601
- Cash +€1,276
up €1,276 (+96.2%), from €1,326 to €2,602
mainly Net result for the year (+€17,640) and Short-term financial debts (+€6,316)
- Tangible fixed assets -€921
down €921 (-18.2%), from €5,070 to €4,149
of which Plant, machinery and equipment: -€541
- Profit (loss) carried forward +€17,640
up €17,640 (+90.1%), from -€19,583 to -€1,943
- Short-term financial debts +€6,316
up €6,316 (+214.2%), from €2,949 to €9,265
- Other debts -€6,280
down €6,280 (-33.8%), from €18,584 to €12,304
- Trade debts -€1,997
down €1,997 (-45.0%), from €4,432 to €2,436
- Tax, wage and social debts -€658
down €658 (-37.0%), from €1,775 to €1,118
of which Taxes: -€1,717
- Gross operating margin +€15,479
up €15,479 (+139.3%), from €11,114 to €26,593
- Taxes +€6,105
up €6,105 (+263.5%), from €2,317 to €8,422
- Depreciation -€3,750
down €3,750 (-80.3%), from €4,671 to €921
- Financial income +€606
up €606 (+210.9%), from €287 to €893
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 | €28,858 | €43,879 | +€15,021 | +52.1% |
| Fixed assets | 21/28 | €5,396 | €4,476 | -€921 | -17.1% |
| Tangible fixed assets | 22/27 | €5,070 | €4,149 | -€921 | -18.2% |
| Land and buildings | 22 | €3,562 | €3,182 | -€380 | -10.7% |
| Plant, machinery and equipment | 23 | €1,507 | €967 | -€541 | -35.9% |
| Financial fixed assets | 28 | €327 | €327 | = | 0.0% |
| Current assets | 29/58 | €23,461 | €39,403 | +€15,942 | +67.9% |
| Amounts receivable within one year | 40/41 | €19,551 | €34,580 | +€15,029 | +76.9% |
| Trade receivables | 40 | €7,498 | €8,926 | +€1,428 | +19.0% |
| Other amounts receivable | 41 | €12,053 | €25,653 | +€13,601 | +112.8% |
| Cash at bank and in hand | 54/58 | €1,326 | €2,602 | +€1,276 | +96.2% |
| Deferred charges and accrued income | 490/1 | €2,584 | €2,221 | -€363 | -14.1% |
| Total equity and liabilities | 10/49 | €28,858 | €43,879 | +€15,021 | +52.1% |
| Equity | 10/15 | €1,117 | €18,757 | +€17,640 | +1579.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €2,100 | €2,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,583 | -€1,943 | +€17,640 | +90.1% |
| Amounts payable | 17/49 | €27,741 | €25,122 | -€2,619 | -9.4% |
| Amounts payable within one year | 42/48 | €27,741 | €25,122 | -€2,619 | -9.4% |
| Financial debts | 43 | €2,949 | €9,265 | +€6,316 | +214.2% |
| Credit institutions | 430/8 | €2,949 | €9,265 | +€6,316 | +214.2% |
| Trade debts | 44 | €4,432 | €2,436 | -€1,997 | -45.0% |
| Suppliers | 440/4 | €4,432 | €2,436 | -€1,997 | -45.0% |
| Taxes, remuneration and social security | 45 | €1,775 | €1,118 | -€658 | -37.0% |
| Taxes | 450/3 | €1,775 | €59 | -€1,717 | -96.7% |
| Remuneration and social security | 454/9 | - | €1,059 | +€1,059 | |
| Other amounts payable | 47/48 | €18,584 | €12,304 | -€6,280 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,671 | €921 | -€3,750 | -80.3% |
| Other operating charges | 640/8 | €352 | €144 | -€208 | -59.0% |
| Non-recurring operating charges | 66A | €410 | - | -€410 | |
| Gross operating margin | 9900 | €11,114 | €26,593 | +€15,479 | +139.3% |
| Operating profit (loss) | 9901 | €5,682 | €25,529 | +€19,847 | +349.3% |
| Financial income | 75/76B | €287 | €893 | +€606 | +210.9% |
| Recurring financial income | 75 | €287 | €893 | +€606 | +210.9% |
| Financial charges | 65/66B | €463 | €359 | -€104 | -22.4% |
| Recurring financial charges | 65 | €463 | €359 | -€104 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €5,506 | €26,062 | +€20,556 | +373.3% |
| Income taxes | 67/77 | €2,317 | €8,422 | +€6,105 | +263.5% |
| Profit (loss) for the period | 9904 | €3,189 | €17,640 | +€14,451 | +453.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,189 | €17,640 | +€14,451 | +453.1% |
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 10 October 2026 via checked.be.