STYLAR: 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.
STYLAR
Largest movements
- Receivables within one year +€856,880
up €856,880 (+30.3%), from €2.8m to €3.7m
of which Trade receivables: +€475,034
- Current investments -€502,055
down €502,055 (-99.6%), from €504,034 to €1,979
- Tangible fixed assets -€257,157
down €257,157 (-100.0%), from €257,157 to €0
of which Land and buildings: -€256,676
- Financial fixed assets -€170,650
down €170,650 (-100.0%), from €170,650 to €0
- Debts after one year -€101,989
down €101,989 (-100.0%), from €101,989 to €0
- Trade debts +€64,915
up €64,915 (+999.3%), from €6,496 to €71,411
- Financial charges +€353,078
up €353,078 (+8380.1%), from €4,213 to €357,291
- Financial income +€318,434
up €318,434 (+1592169850.0%), from €0 to €318,434
- Gross operating margin -€18,536
down €18,536 (-40.9%), from €45,279 to €26,743
- Depreciation -€14,330
down €14,330 (-100.0%), from €14,330 to €0
- Other operating charges +€4,361
up €4,361 (+234.7%), from €1,858 to €6,218
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 | €3,773,463 | €3,694,174 | -€79,289 | -2.1% |
| Fixed assets | 21/28 | €427,807 | €0 | -€427,807 | -100.0% |
| Tangible fixed assets | 22/27 | €257,157 | €0 | -€257,157 | -100.0% |
| Land and buildings | 22 | €256,676 | €0 | -€256,676 | -100.0% |
| Furniture and vehicles | 24 | €481 | €0 | -€481 | -100.0% |
| Financial fixed assets | 28 | €170,650 | €0 | -€170,650 | -100.0% |
| Current assets | 29/58 | €3,345,656 | €3,694,174 | +€348,518 | +10.4% |
| Amounts receivable within one year | 40/41 | €2,831,396 | €3,688,276 | +€856,880 | +30.3% |
| Trade receivables | 40 | €14,050 | €489,084 | +€475,034 | +3381.0% |
| Other amounts receivable | 41 | €2,817,346 | €3,199,192 | +€381,846 | +13.6% |
| Current investments | 50/53 | €504,034 | €1,979 | -€502,055 | -99.6% |
| Cash at bank and in hand | 54/58 | €10,152 | €3,843 | -€6,309 | -62.1% |
| Deferred charges and accrued income | 490/1 | €75 | €77 | +€2 | +3.0% |
| Total equity and liabilities | 10/49 | €3,773,463 | €3,694,174 | -€79,289 | -2.1% |
| Equity | 10/15 | €3,634,526 | €3,616,052 | -€18,473 | -0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,628,326 | €3,628,326 | = | 0.0% |
| Non-distributable reserves | 130/1 | €116,251 | €116,251 | = | 0.0% |
| Reserves not available under the articles | 1311 | €116,251 | €116,251 | = | 0.0% |
| Distributable reserves | 133 | €3,512,075 | €3,512,075 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,473 | -€18,473 | |
| Amounts payable | 17/49 | €138,938 | €78,122 | -€60,816 | -43.8% |
| Amounts payable after more than one year | 17 | €101,989 | €0 | -€101,989 | -100.0% |
| Financial debts | 170/4 | €101,989 | €0 | -€101,989 | -100.0% |
| Amounts payable within one year | 42/48 | €36,948 | €78,122 | +€41,174 | +111.4% |
| Current portion of amounts payable after more than one year | 42 | €12,511 | €0 | -€12,511 | -100.0% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €6,496 | €71,411 | +€64,915 | +999.3% |
| Suppliers | 440/4 | €6,496 | €71,411 | +€64,915 | +999.3% |
| Advances received on contracts in progress | 46 | €15,083 | €0 | -€15,083 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,858 | €6,700 | +€3,842 | +134.4% |
| Taxes | 450/3 | €2,858 | €3,983 | +€1,125 | +39.4% |
| Remuneration and social security | 454/9 | - | €2,717 | +€2,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,330 | €0 | -€14,330 | -100.0% |
| Other operating charges | 640/8 | €1,858 | €6,218 | +€4,361 | +234.7% |
| Gross operating margin | 9900 | €45,279 | €26,743 | -€18,536 | -40.9% |
| Operating profit (loss) | 9901 | €29,091 | €20,525 | -€8,566 | -29.4% |
| Financial income | 75/76B | €0 | €318,434 | +€318,434 | +1592169850.0% |
| Recurring financial income | 75 | €0 | €318,434 | +€318,434 | +1592169850.0% |
| Financial charges | 65/66B | €4,213 | €357,291 | +€353,078 | +8380.1% |
| Recurring financial charges | 65 | €4,213 | €357,291 | +€353,078 | +8380.1% |
| Profit (loss) for the period before taxes | 9903 | €24,878 | -€18,332 | -€43,210 | |
| Income taxes | 67/77 | €2,823 | €141 | -€2,682 | -95.0% |
| Profit (loss) for the period | 9904 | €22,054 | -€18,473 | -€40,528 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,054 | -€18,473 | -€40,528 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.