STYL'ELEC: 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.
STYL'ELEC
Largest movements
- Receivables within one year +€10,166
up €10,166 (+13.4%), from €76,076 to €86,242
of which Trade receivables: +€17,149
- Cash -€5,729
down €5,729 (-6.9%), from €83,257 to €77,527
mainly Trade debts (-€57,972) and Receivables within one year (-€10,166)
- Tangible fixed assets +€4,959
up €4,959 (+1,792%), from €277 to €5,236
of which Furniture and vehicles: +€4,841
- Trade debts -€57,972
no longer reported in 2025 (was €57,972)
- Reserves +€36,600
up €36,600 (+125%), from €29,186 to €65,786
of which Distributable reserves: +€36,600
- Tax, wage and social debts +€13,400
up €13,400 (+156%), from €8,565 to €21,964
of which Taxes: +€13,979
- Debts after one year +€11,336
new in 2025: €11,336
- Current portion of long-term debt +€6,468
up €6,468 (+108%), from €6,000 to €12,468
- Gross operating margin +€21,752
up €21,752 (+34.7%), from €62,683 to €84,435
- Taxes +€6,386
up €6,386 (+47.0%), from €13,594 to €19,979
- Other operating charges +€3,650
up €3,650 (+578%), from €632 to €4,282
- Staff costs +€2,608
up €2,608 (+14.2%), from €18,356 to €20,965
- Financial charges +€923
up €923 (+205%), from €450 to €1,373
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 | €161,860 | €171,483 | +€9,624 | +5.9% |
| Fixed assets | 21/28 | €377 | €5,486 | +€5,109 | +1,356% |
| Tangible fixed assets | 22/27 | €277 | €5,236 | +€4,959 | +1,792% |
| Plant, machinery and equipment | 23 | €119 | €237 | +€118 | +99.6% |
| Furniture and vehicles | 24 | €158 | €4,999 | +€4,841 | +3,062% |
| Financial fixed assets | 28 | €100 | €250 | +€150 | +150% |
| Current assets | 29/58 | €161,483 | €165,998 | +€4,515 | +2.8% |
| Stocks and contracts in progress | 3 | €2,033 | €2,063 | +€30 | +1.5% |
| Stocks | 30/36 | €2,033 | €2,063 | +€30 | +1.5% |
| Amounts receivable within one year | 40/41 | €76,076 | €86,242 | +€10,166 | +13.4% |
| Trade receivables | 40 | €65,506 | €82,656 | +€17,149 | +26.2% |
| Other amounts receivable | 41 | €10,570 | €3,587 | -€6,983 | -66.1% |
| Cash at bank and in hand | 54/58 | €83,257 | €77,527 | -€5,729 | -6.9% |
| Deferred charges and accrued income | 490/1 | €117 | €165 | +€48 | +41.3% |
| Total equity and liabilities | 10/49 | €161,860 | €171,483 | +€9,624 | +5.9% |
| Equity | 10/15 | €89,043 | €125,690 | +€36,647 | +41.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,186 | €65,786 | +€36,600 | +125% |
| Non-distributable reserves | 130/1 | €1,686 | €1,686 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,686 | €1,686 | = | 0.0% |
| Distributable reserves | 133 | €27,500 | €64,100 | +€36,600 | +133% |
| Profit (loss) carried forward | 14 | €39,857 | €39,904 | +€47 | +0.1% |
| Amounts payable | 17/49 | €72,817 | €45,794 | -€27,023 | -37.1% |
| Amounts payable after more than one year | 17 | - | €11,336 | +€11,336 | |
| Financial debts | 170/4 | - | €11,336 | +€11,336 | |
| Amounts payable within one year | 42/48 | €72,817 | €34,458 | -€38,359 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €12,468 | +€6,468 | +108% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €57,972 | - | -€57,972 | |
| Suppliers | 440/4 | €57,972 | €0 | -€57,972 | -100% |
| Taxes, remuneration and social security | 45 | €8,565 | €21,964 | +€13,400 | +156% |
| Taxes | 450/3 | €7,594 | €21,573 | +€13,979 | +184% |
| Remuneration and social security | 454/9 | €971 | €391 | -€580 | -59.7% |
| Other amounts payable | 47/48 | €280 | €16 | -€264 | -94.4% |
| Remuneration, social security and pensions | 62 | €18,356 | €20,965 | +€2,608 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,623 | €1,189 | -€434 | -26.7% |
| Other operating charges | 640/8 | €632 | €4,282 | +€3,650 | +578% |
| Gross operating margin | 9900 | €62,683 | €84,435 | +€21,752 | +34.7% |
| Operating profit (loss) | 9901 | €42,071 | €57,999 | +€15,928 | +37.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €450 | €1,373 | +€923 | +205% |
| Recurring financial charges | 65 | €450 | €1,373 | +€923 | +205% |
| Profit (loss) for the period before taxes | 9903 | €41,622 | €56,626 | +€15,004 | +36.0% |
| Income taxes | 67/77 | €13,594 | €19,979 | +€6,386 | +47.0% |
| Profit (loss) for the period | 9904 | €28,028 | €36,647 | +€8,619 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,028 | €36,647 | +€8,619 | +30.8% |
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 21 October 2026 via checked.be.