SO STYLE: 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.
SO STYLE
Largest movements
- Receivables within one year +€70,546
up €70,546 (+337.5%), from €20,901 to €91,447
of which Trade receivables: +€73,170
- Stocks and contracts +€46,332
up €46,332 (+19.9%), from €232,962 to €279,295
- Tangible fixed assets +€19,734
up €19,734 (+145.4%), from €13,573 to €33,307
of which Leasing and similar rights: +€17,690
- Cash -€11,048
down €11,048 (-97.1%), from €11,376 to €328
mainly Receivables within one year (-€70,546) and Stocks and contracts (-€46,332)
- Trade debts +€83,603
up €83,603 (+155.5%), from €53,779 to €137,382
- Other debts +€39,891
new in 2024: €39,891
- Profit (loss) carried forward -€34,495
down €34,495 (-20.0%), from €172,443 to €137,949
- Debts after one year +€15,872
up €15,872 (+132.2%), from €12,003 to €27,875
- Tax, wage and social debts +€11,240
up €11,240 (+162.4%), from €6,923 to €18,163
of which Remuneration and social security: +€9,377
- Gross operating margin -€21,015
down €21,015, from €14,330 to -€6,684
- Taxes +€7,462
up €7,462 (+535.2%), from €1,394 to €8,856
- Depreciation +€7,152
up €7,152 (+123.1%), from €5,808 to €12,960
- Other operating charges +€4,957
up €4,957 (+536.7%), from €924 to €5,881
- Financial charges -€514
down €514 (-81.8%), from €628 to €115
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,812 | €404,377 | +€125,565 | +45.0% |
| Fixed assets | 21/28 | €13,573 | €33,307 | +€19,734 | +145.4% |
| Tangible fixed assets | 22/27 | €13,573 | €33,307 | +€19,734 | +145.4% |
| Plant, machinery and equipment | 23 | - | €2,044 | +€2,044 | |
| Leasing and similar rights | 25 | €13,573 | €31,264 | +€17,690 | +130.3% |
| Current assets | 29/58 | €265,239 | €371,070 | +€105,831 | +39.9% |
| Stocks and contracts in progress | 3 | €232,962 | €279,295 | +€46,332 | +19.9% |
| Stocks | 30/36 | €232,962 | €279,295 | +€46,332 | +19.9% |
| Amounts receivable within one year | 40/41 | €20,901 | €91,447 | +€70,546 | +337.5% |
| Trade receivables | 40 | €18,277 | €91,447 | +€73,170 | +400.3% |
| Other amounts receivable | 41 | €2,623 | - | -€2,623 | |
| Cash at bank and in hand | 54/58 | €11,376 | €328 | -€11,048 | -97.1% |
| Total equity and liabilities | 10/49 | €278,812 | €404,377 | +€125,565 | +45.0% |
| Equity | 10/15 | €204,653 | €170,949 | -€33,705 | -16.5% |
| Contributions | 10/11 | €29,210 | €30,000 | +€790 | +2.7% |
| Outside capital | 11 | €29,210 | - | -€29,210 | |
| Other | 1109/19 | €29,210 | - | -€29,210 | |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,443 | €137,949 | -€34,495 | -20.0% |
| Amounts payable | 17/49 | €74,159 | €233,429 | +€159,270 | +214.8% |
| Amounts payable after more than one year | 17 | €12,003 | €27,875 | +€15,872 | +132.2% |
| Financial debts | 170/4 | €12,003 | €27,875 | +€15,872 | +132.2% |
| Amounts payable within one year | 42/48 | €62,156 | €205,553 | +€143,397 | +230.7% |
| Current portion of amounts payable after more than one year | 42 | €1,454 | €10,118 | +€8,664 | +595.7% |
| Trade debts | 44 | €53,779 | €137,382 | +€83,603 | +155.5% |
| Suppliers | 440/4 | €53,779 | €137,382 | +€83,603 | +155.5% |
| Taxes, remuneration and social security | 45 | €6,923 | €18,163 | +€11,240 | +162.4% |
| Taxes | 450/3 | €6,923 | €8,786 | +€1,863 | +26.9% |
| Remuneration and social security | 454/9 | - | €9,377 | +€9,377 | |
| Other amounts payable | 47/48 | - | €39,891 | +€39,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,808 | €12,960 | +€7,152 | +123.1% |
| Other operating charges | 640/8 | €924 | €5,881 | +€4,957 | +536.7% |
| Gross operating margin | 9900 | €14,330 | -€6,684 | -€21,015 | |
| Operating profit (loss) | 9901 | €7,599 | -€25,525 | -€33,123 | |
| Financial charges | 65/66B | €628 | €115 | -€514 | -81.8% |
| Recurring financial charges | 65 | €628 | €115 | -€514 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €6,971 | -€25,639 | -€32,610 | |
| Income taxes | 67/77 | €1,394 | €8,856 | +€7,462 | +535.2% |
| Profit (loss) for the period | 9904 | €5,576 | -€34,495 | -€40,071 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,576 | -€34,495 | -€40,071 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.