STYL AVIATION: what changed
STYL AVIATION
Largest movements
- Receivables within one year +€333,439
up €333,439 (+54.4%), from €613,436 to €946,875
of which Trade receivables: +€266,354
- Stocks and contracts +€150,421
up €150,421 (+170%), from €88,568 to €238,989
of which Stocks: +€113,959
- Tangible fixed assets -€30,556
down €30,556 (-11.0%), from €278,370 to €247,814
of which Land and buildings: -€19,952
- Cash +€21,125
up €21,125 (+52.8%), from €40,039 to €61,164
mainly Trade debts (+€221,392) and Net result for the year (+€134,704)
- Trade debts +€221,392
up €221,392 (+76.7%), from €288,533 to €509,925
- Profit (loss) carried forward +€134,704
up €134,704 (+40.5%), from €332,523 to €467,227
- Short-term financial debts +€94,615
up €94,615 (+641%), from €14,770 to €109,385
- Tax, wage and social debts +€56,881
up €56,881 (+51.4%), from €110,595 to €167,476
of which Taxes: +€71,261
- Debts after one year -€22,883
down €22,883 (-13.4%), from €170,349 to €147,465
- Gross operating margin +€116,386
up €116,386 (+28.3%), from €411,342 to €527,727
- Taxes +€26,320
up €26,320 (+106%), from €24,749 to €51,069
- Staff costs +€23,728
up €23,728 (+9.1%), from €261,886 to €285,614
- Financial charges +€19,336
up €19,336 (+100%), from €19,245 to €38,582
- Financial income +€15,032
up €15,032 (+154%), from €9,754 to €24,787
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,046,446 | €1,531,758 | +€485,313 | +46.4% |
| Fixed assets | 21/28 | €280,270 | €249,714 | -€30,556 | -10.9% |
| Tangible fixed assets | 22/27 | €278,370 | €247,814 | -€30,556 | -11.0% |
| Land and buildings | 22 | €250,591 | €230,639 | -€19,952 | -8.0% |
| Plant, machinery and equipment | 23 | €5,338 | €3,513 | -€1,825 | -34.2% |
| Furniture and vehicles | 24 | €22,440 | €13,661 | -€8,779 | -39.1% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €766,175 | €1,282,044 | +€515,869 | +67.3% |
| Stocks and contracts in progress | 3 | €88,568 | €238,989 | +€150,421 | +170% |
| Stocks | 30/36 | €88,568 | €202,527 | +€113,959 | +129% |
| Contracts in progress | 37 | - | €36,462 | +€36,462 | |
| Amounts receivable within one year | 40/41 | €613,436 | €946,875 | +€333,439 | +54.4% |
| Trade receivables | 40 | €492,979 | €759,334 | +€266,354 | +54.0% |
| Other amounts receivable | 41 | €120,456 | €187,541 | +€67,085 | +55.7% |
| Current investments | 50/53 | €708 | €67 | -€640 | -90.5% |
| Cash at bank and in hand | 54/58 | €40,039 | €61,164 | +€21,125 | +52.8% |
| Deferred charges and accrued income | 490/1 | €23,425 | €34,949 | +€11,524 | +49.2% |
| Total equity and liabilities | 10/49 | €1,046,446 | €1,531,758 | +€485,313 | +46.4% |
| Equity | 10/15 | €400,173 | €534,877 | +€134,704 | +33.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Share premium | 1100/10 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €332,523 | €467,227 | +€134,704 | +40.5% |
| Amounts payable | 17/49 | €646,273 | €996,881 | +€350,609 | +54.3% |
| Amounts payable after more than one year | 17 | €170,349 | €147,465 | -€22,883 | -13.4% |
| Financial debts | 170/4 | €170,349 | €147,465 | -€22,883 | -13.4% |
| Amounts payable within one year | 42/48 | €475,924 | €849,416 | +€373,492 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | €56,529 | €56,414 | -€115 | -0.2% |
| Financial debts | 43 | €14,770 | €109,385 | +€94,615 | +641% |
| Credit institutions | 430/8 | €14,770 | €109,385 | +€94,615 | +641% |
| Trade debts | 44 | €288,533 | €509,925 | +€221,392 | +76.7% |
| Suppliers | 440/4 | €288,533 | €509,925 | +€221,392 | +76.7% |
| Advances received on contracts in progress | 46 | €0 | €324 | +€324 | |
| Taxes, remuneration and social security | 45 | €110,595 | €167,476 | +€56,881 | +51.4% |
| Taxes | 450/3 | €2,840 | €74,101 | +€71,261 | +2,509% |
| Remuneration and social security | 454/9 | €107,755 | €93,375 | -€14,380 | -13.3% |
| Other amounts payable | 47/48 | €5,497 | €5,893 | +€396 | +7.2% |
| Remuneration, social security and pensions | 62 | €261,886 | €285,614 | +€23,728 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,284 | €35,435 | -€8,849 | -20.0% |
| Other operating charges | 640/8 | €5,678 | €7,110 | +€1,433 | +25.2% |
| Gross operating margin | 9900 | €411,342 | €527,727 | +€116,386 | +28.3% |
| Operating profit (loss) | 9901 | €99,494 | €199,568 | +€100,074 | +101% |
| Financial income | 75/76B | €9,754 | €24,787 | +€15,032 | +154% |
| Recurring financial income | 75 | €9,754 | €24,787 | +€15,032 | +154% |
| Financial charges | 65/66B | €19,245 | €38,582 | +€19,336 | +100% |
| Recurring financial charges | 65 | €19,245 | €38,582 | +€19,336 | +100% |
| Profit (loss) for the period before taxes | 9903 | €90,003 | €185,773 | +€95,770 | +106% |
| Income taxes | 67/77 | €24,749 | €51,069 | +€26,320 | +106% |
| Profit (loss) for the period | 9904 | €65,254 | €134,704 | +€69,450 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €65,254 | €134,704 | +€69,450 | +106% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.