OPEN STYLE: 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.
OPEN STYLE
Largest movements
- Receivables within one year +€79,478
up €79,478 (+128.0%), from €62,085 to €141,562
of which Trade receivables: +€80,303
- Stocks and contracts +€34,277
up €34,277 (+89.0%), from €38,527 to €72,804
- Tangible fixed assets -€18,444
down €18,444 (-38.3%), from €48,145 to €29,701
of which Leasing and similar rights: -€16,616
- Cash +€15,206
up €15,206 (+679.7%), from €2,237 to €17,443
mainly Trade debts (+€70,358) and Net result for the year (+€44,097)
- Deferred charges and accrued income -€3,278
down €3,278 (-85.7%), from €3,823 to €545
- Trade debts +€70,358
up €70,358 (+101.5%), from €69,299 to €139,658
- Profit (loss) carried forward +€44,097
up €44,097 (+66.5%), from -€66,294 to -€22,197
- Debts after one year -€27,176
down €27,176 (-29.5%), from €92,083 to €64,907
of which Financial debts: -€23,206
- Tax, wage and social debts +€26,587
up €26,587 (+367.5%), from €7,234 to €33,821
of which Remuneration and social security: +€24,317
- Other debts -€8,500
down €8,500 (-85.0%), from €10,000 to €1,500
- Gross operating margin +€167,533
up €167,533 (+1192.2%), from €14,052 to €181,585
- Staff costs +€57,401
up €57,401 (+103.0%), from €55,756 to €113,158
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 | €159,922 | €267,160 | +€107,238 | +67.1% |
| Fixed assets | 21/28 | €53,250 | €34,806 | -€18,444 | -34.6% |
| Tangible fixed assets | 22/27 | €48,145 | €29,701 | -€18,444 | -38.3% |
| Plant, machinery and equipment | 23 | €2,537 | €941 | -€1,596 | -62.9% |
| Furniture and vehicles | 24 | €1,196 | €1,153 | -€43 | -3.6% |
| Leasing and similar rights | 25 | €42,932 | €26,316 | -€16,616 | -38.7% |
| Other tangible fixed assets | 26 | €1,480 | €1,291 | -€189 | -12.8% |
| Financial fixed assets | 28 | €5,105 | €5,105 | = | 0.0% |
| Current assets | 29/58 | €106,672 | €232,354 | +€125,683 | +117.8% |
| Stocks and contracts in progress | 3 | €38,527 | €72,804 | +€34,277 | +89.0% |
| Stocks | 30/36 | €38,527 | €72,804 | +€34,277 | +89.0% |
| Amounts receivable within one year | 40/41 | €62,085 | €141,562 | +€79,478 | +128.0% |
| Trade receivables | 40 | €26,566 | €106,869 | +€80,303 | +302.3% |
| Other amounts receivable | 41 | €35,519 | €34,694 | -€825 | -2.3% |
| Cash at bank and in hand | 54/58 | €2,237 | €17,443 | +€15,206 | +679.7% |
| Deferred charges and accrued income | 490/1 | €3,823 | €545 | -€3,278 | -85.7% |
| Total equity and liabilities | 10/49 | €159,922 | €267,160 | +€107,238 | +67.1% |
| Equity | 10/15 | -€40,028 | €4,069 | +€44,097 | |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €7,266 | €7,266 | = | 0.0% |
| Distributable reserves | 133 | €7,266 | €7,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,294 | -€22,197 | +€44,097 | +66.5% |
| Amounts payable | 17/49 | €199,950 | €263,091 | +€63,141 | +31.6% |
| Amounts payable after more than one year | 17 | €92,083 | €64,907 | -€27,176 | -29.5% |
| Financial debts | 170/4 | €45,113 | €21,907 | -€23,206 | -51.4% |
| Other amounts payable | 178/9 | €46,970 | €43,000 | -€3,970 | -8.5% |
| Amounts payable within one year | 42/48 | €107,868 | €198,184 | +€90,317 | +83.7% |
| Current portion of amounts payable after more than one year | 42 | €21,334 | €23,206 | +€1,872 | +8.8% |
| Trade debts | 44 | €69,299 | €139,658 | +€70,358 | +101.5% |
| Suppliers | 440/4 | €69,299 | €139,658 | +€70,358 | +101.5% |
| Taxes, remuneration and social security | 45 | €7,234 | €33,821 | +€26,587 | +367.5% |
| Taxes | 450/3 | €591 | €2,860 | +€2,269 | +384.3% |
| Remuneration and social security | 454/9 | €6,644 | €30,961 | +€24,317 | +366.0% |
| Other amounts payable | 47/48 | €10,000 | €1,500 | -€8,500 | -85.0% |
| Remuneration, social security and pensions | 62 | €55,756 | €113,158 | +€57,401 | +103.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,276 | €19,201 | -€75 | -0.4% |
| Other operating charges | 640/8 | €929 | €1,130 | +€201 | +21.7% |
| Non-recurring operating charges | 66A | €350 | - | -€350 | |
| Gross operating margin | 9900 | €14,052 | €181,585 | +€167,533 | +1192.2% |
| Operating profit (loss) | 9901 | -€62,259 | €48,097 | +€110,356 | |
| Financial income | 75/76B | €3 | €26 | +€23 | +734.6% |
| Recurring financial income | 75 | €3 | €26 | +€23 | +734.6% |
| Financial charges | 65/66B | €3,298 | €4,025 | +€727 | +22.1% |
| Recurring financial charges | 65 | €3,298 | €4,025 | +€727 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | -€65,554 | €44,097 | +€109,651 | |
| Profit (loss) for the period | 9904 | -€65,554 | €44,097 | +€109,651 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,554 | €44,097 | +€109,651 |
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.