STYLE AY: 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.
STYLE AY
Largest movements
- Receivables within one year -€5,875
down €5,875 (-77.6%), from €7,574 to €1,699
of which Trade receivables: -€6,024
- Tangible fixed assets +€5,069
up €5,069 (+1351.5%), from €375 to €5,444
of which Plant, machinery and equipment: +€5,444
- Cash +€2,824
up €2,824 (+47.4%), from €5,958 to €8,782
mainly Net result for the year (+€13,807) and Receivables within one year (+€5,875)
- Stocks and contracts +€2,099
up €2,099 (+489.3%), from €429 to €2,528
- Profit (loss) carried forward +€13,807
up €13,807 (+22.7%), from -€60,915 to -€47,107
- Trade debts -€6,467
down €6,467 (-81.0%), from €7,980 to €1,513
- Other debts -€5,323
no longer reported in 2025 (was €5,323)
- Tax, wage and social debts +€2,099
up €2,099 (+144.7%), from €1,450 to €3,550
of which Remuneration and social security: +€1,278
- Gross operating margin +€20,286
up €20,286 (+665.3%), from €3,049 to €23,335
- Depreciation -€2,934
down €2,934 (-78.9%), from €3,721 to €786
- Staff costs -€1,041
down €1,041 (-23.9%), from €4,364 to €3,323
- Other operating charges +€433
up €433 (+10.2%), from €4,243 to €4,675
- Financial charges +€410
up €410 (+123.2%), from €333 to €743
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 | €14,440 | €18,556 | +€4,116 | +28.5% |
| Fixed assets | 21/28 | €478 | €5,547 | +€5,069 | +1060.3% |
| Tangible fixed assets | 22/27 | €375 | €5,444 | +€5,069 | +1351.5% |
| Plant, machinery and equipment | 23 | - | €5,444 | +€5,444 | |
| Furniture and vehicles | 24 | €375 | - | -€375 | |
| Financial fixed assets | 28 | €103 | €103 | = | 0.0% |
| Current assets | 29/58 | €13,961 | €13,009 | -€953 | -6.8% |
| Stocks and contracts in progress | 3 | €429 | €2,528 | +€2,099 | +489.3% |
| Stocks | 30/36 | €429 | €2,528 | +€2,099 | +489.3% |
| Amounts receivable within one year | 40/41 | €7,574 | €1,699 | -€5,875 | -77.6% |
| Trade receivables | 40 | €6,989 | €965 | -€6,024 | -86.2% |
| Other amounts receivable | 41 | €585 | €734 | +€149 | +25.5% |
| Cash at bank and in hand | 54/58 | €5,958 | €8,782 | +€2,824 | +47.4% |
| Total equity and liabilities | 10/49 | €14,440 | €18,556 | +€4,116 | +28.5% |
| Equity | 10/15 | -€1,564 | €12,243 | +€13,807 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €29,350 | €29,350 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,302 | €1,302 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,302 | €1,302 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,048 | €28,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,915 | -€47,107 | +€13,807 | +22.7% |
| Amounts payable | 17/49 | €16,004 | €6,313 | -€9,691 | -60.6% |
| Amounts payable within one year | 42/48 | €14,754 | €5,063 | -€9,691 | -65.7% |
| Trade debts | 44 | €7,980 | €1,513 | -€6,467 | -81.0% |
| Suppliers | 440/4 | €7,980 | €1,513 | -€6,467 | -81.0% |
| Taxes, remuneration and social security | 45 | €1,450 | €3,550 | +€2,099 | +144.7% |
| Taxes | 450/3 | €82 | €903 | +€822 | +1006.5% |
| Remuneration and social security | 454/9 | €1,369 | €2,647 | +€1,278 | +93.4% |
| Other amounts payable | 47/48 | €5,323 | - | -€5,323 | |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,364 | €3,323 | -€1,041 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,721 | €786 | -€2,934 | -78.9% |
| Other operating charges | 640/8 | €4,243 | €4,675 | +€433 | +10.2% |
| Gross operating margin | 9900 | €3,049 | €23,335 | +€20,286 | +665.3% |
| Operating profit (loss) | 9901 | -€9,278 | €14,550 | +€23,829 | |
| Financial charges | 65/66B | €333 | €743 | +€410 | +123.2% |
| Recurring financial charges | 65 | €333 | €743 | +€410 | +123.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,611 | €13,807 | +€23,418 | |
| Profit (loss) for the period | 9904 | -€9,611 | €13,807 | +€23,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,611 | €13,807 | +€23,418 |
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 1 October 2026 via checked.be.