STYLBO: 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.
STYLBO
Largest movements
- Receivables within one year -€78,208
down €78,208 (-26.3%), from €296,883 to €218,675
of which Other amounts receivable: -€161,367
- Tangible fixed assets -€27,980
down €27,980 (-8.9%), from €315,344 to €287,363
of which Other tangible fixed assets: -€15,000
- Other debts -€67,618
down €67,618 (-44.1%), from €153,222 to €85,604
- Tax, wage and social debts -€36,953
down €36,953 (-52.0%), from €71,051 to €34,098
of which Remuneration and social security: -€36,491
- Short-term financial debts +€31,420
up €31,420 (+45.3%), from €69,297 to €100,717
- Debts after one year -€17,859
down €17,859 (-44.1%), from €40,454 to €22,595
- Trade debts -€10,978
down €10,978 (-27.9%), from €39,389 to €28,411
- Gross operating margin +€68,659
up €68,659 (+81.8%), from €83,929 to €152,588
- Staff costs +€12,108
up €12,108 (+14.8%), from €81,795 to €93,903
- Write-downs -€6,741
down €6,741 (-100%), from €6,741 to €0
- Other operating charges -€5,408
down €5,408 (-31.6%), from €17,138 to €11,731
- Financial charges +€1,967
up €1,967 (+17.8%), from €11,076 to €13,043
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 | €640,964 | €540,153 | -€100,812 | -15.7% |
| Fixed assets | 21/28 | €316,447 | €288,467 | -€27,980 | -8.8% |
| Tangible fixed assets | 22/27 | €315,344 | €287,363 | -€27,980 | -8.9% |
| Land and buildings | 22 | €138,600 | €131,400 | -€7,200 | -5.2% |
| Plant, machinery and equipment | 23 | €1,397 | €516 | -€880 | -63.0% |
| Furniture and vehicles | 24 | €5,880 | €980 | -€4,900 | -83.3% |
| Other tangible fixed assets | 26 | €169,467 | €154,467 | -€15,000 | -8.9% |
| Financial fixed assets | 28 | €1,104 | €1,104 | = | 0.0% |
| Current assets | 29/58 | €324,517 | €251,686 | -€72,831 | -22.4% |
| Stocks and contracts in progress | 3 | €20,885 | €20,885 | = | 0.0% |
| Stocks | 30/36 | €20,885 | €20,885 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €296,883 | €218,675 | -€78,208 | -26.3% |
| Trade receivables | 40 | €50,165 | €133,324 | +€83,159 | +166% |
| Other amounts receivable | 41 | €246,718 | €85,351 | -€161,367 | -65.4% |
| Cash at bank and in hand | 54/58 | €3,843 | €9,132 | +€5,289 | +138% |
| Deferred charges and accrued income | 490/1 | €2,907 | €2,994 | +€87 | +3.0% |
| Total equity and liabilities | 10/49 | €640,964 | €540,153 | -€100,812 | -15.7% |
| Equity | 10/15 | €244,725 | €250,869 | +€6,144 | +2.5% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €6,560 | €6,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,400 | €4,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,400 | €4,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,160 | €2,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,165 | €200,308 | +€6,144 | +3.2% |
| Amounts payable | 17/49 | €396,239 | €289,284 | -€106,956 | -27.0% |
| Amounts payable after more than one year | 17 | €40,454 | €22,595 | -€17,859 | -44.1% |
| Financial debts | 170/4 | €40,454 | €22,595 | -€17,859 | -44.1% |
| Amounts payable within one year | 42/48 | €354,280 | €266,688 | -€87,591 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €21,321 | €17,859 | -€3,462 | -16.2% |
| Financial debts | 43 | €69,297 | €100,717 | +€31,420 | +45.3% |
| Credit institutions | 430/8 | €69,297 | €100,717 | +€31,420 | +45.3% |
| Trade debts | 44 | €39,389 | €28,411 | -€10,978 | -27.9% |
| Suppliers | 440/4 | €39,389 | €28,411 | -€10,978 | -27.9% |
| Taxes, remuneration and social security | 45 | €71,051 | €34,098 | -€36,953 | -52.0% |
| Taxes | 450/3 | €1,247 | €785 | -€463 | -37.1% |
| Remuneration and social security | 454/9 | €69,804 | €33,313 | -€36,491 | -52.3% |
| Other amounts payable | 47/48 | €153,222 | €85,604 | -€67,618 | -44.1% |
| Accrued charges and deferred income | 492/3 | €1,506 | €0 | -€1,506 | -100% |
| Remuneration, social security and pensions | 62 | €81,795 | €93,903 | +€12,108 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,309 | €27,980 | -€328 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,741 | €0 | -€6,741 | -100% |
| Other operating charges | 640/8 | €17,138 | €11,731 | -€5,408 | -31.6% |
| Gross operating margin | 9900 | €83,929 | €152,588 | +€68,659 | +81.8% |
| Operating profit (loss) | 9901 | -€50,053 | €18,974 | +€69,028 | |
| Financial income | 75/76B | €0 | €213 | +€213 | |
| Recurring financial income | 75 | €0 | €213 | +€213 | |
| Financial charges | 65/66B | €11,076 | €13,043 | +€1,967 | +17.8% |
| Recurring financial charges | 65 | €11,076 | €13,043 | +€1,967 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€61,129 | €6,144 | +€67,273 | |
| Profit (loss) for the period | 9904 | -€61,129 | €6,144 | +€67,273 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,129 | €6,144 | +€67,273 |
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 26 October 2026 via checked.be.