STILE: 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.
STILE
Largest movements
- Cash -€5,172
down €5,172 (-64.3%), from €8,049 to €2,877
mainly Debts after one year (-€12,289) and Investment in fixed assets (net) (-€9,901)
- Tangible fixed assets -€4,327
down €4,327 (-1.3%), from €336,208 to €331,881
- Debts after one year -€12,289
down €12,289 (-3.8%), from €321,897 to €309,608
- Profit (loss) carried forward +€3,954
up €3,954 (+15.2%), from -€26,039 to -€22,085
- Depreciation -€24,923
down €24,923 (-63.7%), from €39,151 to €14,228
- Gross operating margin +€3,272
up €3,272 (+11.3%), from €29,065 to €32,337
- Financial charges -€1,451
down €1,451 (-9.6%), from €15,181 to €13,730
- Other operating charges -€347
down €347 (-45.0%), from €772 to €425
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 | €344,975 | €335,583 | -€9,392 | -2.7% |
| Fixed assets | 21/28 | €336,208 | €331,881 | -€4,327 | -1.3% |
| Tangible fixed assets | 22/27 | €336,208 | €331,881 | -€4,327 | -1.3% |
| Land and buildings | 22 | €336,208 | €331,881 | -€4,327 | -1.3% |
| Current assets | 29/58 | €8,767 | €3,702 | -€5,065 | -57.8% |
| Amounts receivable within one year | 40/41 | €500 | €604 | +€104 | +20.8% |
| Other amounts receivable | 41 | €500 | €604 | +€104 | +20.8% |
| Cash at bank and in hand | 54/58 | €8,049 | €2,877 | -€5,172 | -64.3% |
| Deferred charges and accrued income | 490/1 | €218 | €221 | +€3 | +1.3% |
| Total equity and liabilities | 10/49 | €344,975 | €335,583 | -€9,392 | -2.7% |
| Equity | 10/15 | -€23,039 | -€19,085 | +€3,954 | +17.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,039 | -€22,085 | +€3,954 | +15.2% |
| Amounts payable | 17/49 | €368,014 | €354,668 | -€13,346 | -3.6% |
| Amounts payable after more than one year | 17 | €321,897 | €309,608 | -€12,289 | -3.8% |
| Financial debts | 170/4 | €321,897 | €309,608 | -€12,289 | -3.8% |
| Amounts payable within one year | 42/48 | €44,959 | €43,944 | -€1,016 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €12,751 | €13,291 | +€539 | +4.2% |
| Trade debts | 44 | €1,960 | €425 | -€1,536 | -78.3% |
| Suppliers | 440/4 | €1,960 | €425 | -€1,536 | -78.3% |
| Other amounts payable | 47/48 | €30,248 | €30,228 | -€20 | -0.1% |
| Accrued charges and deferred income | 492/3 | €1,157 | €1,117 | -€41 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,151 | €14,228 | -€24,923 | -63.7% |
| Other operating charges | 640/8 | €772 | €425 | -€347 | -45.0% |
| Gross operating margin | 9900 | €29,065 | €32,337 | +€3,272 | +11.3% |
| Operating profit (loss) | 9901 | -€10,858 | €17,684 | +€28,542 | |
| Financial charges | 65/66B | €15,181 | €13,730 | -€1,451 | -9.6% |
| Recurring financial charges | 65 | €15,181 | €13,730 | -€1,451 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,039 | €3,954 | +€29,993 | |
| Profit (loss) for the period | 9904 | -€26,039 | €3,954 | +€29,993 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,039 | €3,954 | +€29,993 |
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 14 October 2026 via checked.be.