STYLE IT!: 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 IT!
Largest movements
- Tangible fixed assets -€76,070
down €76,070 (-16.8%), from €453,914 to €377,844
of which Furniture and vehicles: -€73,161
- Cash -€21,216
down €21,216 (-24.8%), from €85,414 to €64,198
mainly Contributions, distributions and other (-€77,852) and Debts after one year (-€59,946)
- Receivables within one year +€7,169
up €7,169 (+26.7%), from €26,842 to €34,011
of which Other amounts receivable: +€4,259
- Debts after one year -€59,946
down €59,946 (-29.5%), from €202,909 to €142,964
- Profit (loss) carried forward -€27,852
down €27,852 (-21.3%), from €130,774 to €102,922
- Current portion of long-term debt -€10,194
down €10,194 (-26.2%), from €38,884 to €28,690
- Other debts +€8,695
up €8,695 (+47.7%), from €18,231 to €26,926
- Depreciation -€26,008
down €26,008 (-58.9%), from €44,155 to €18,147
- Gross operating margin +€10,234
up €10,234 (+11.8%), from €86,887 to €97,121
- Taxes +€2,344
up €2,344 (+20.3%), from €11,533 to €13,876
- Financial charges -€1,175
down €1,175 (-16.7%), from €7,049 to €5,873
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 | €572,408 | €481,551 | -€90,858 | -15.9% |
| Fixed assets | 21/28 | €453,914 | €377,844 | -€76,070 | -16.8% |
| Tangible fixed assets | 22/27 | €453,914 | €377,844 | -€76,070 | -16.8% |
| Land and buildings | 22 | €351,703 | €347,023 | -€4,680 | -1.3% |
| Plant, machinery and equipment | 23 | €3,440 | €5,211 | +€1,770 | +51.5% |
| Furniture and vehicles | 24 | €98,771 | €25,610 | -€73,161 | -74.1% |
| Current assets | 29/58 | €118,494 | €103,707 | -€14,787 | -12.5% |
| Amounts receivable within one year | 40/41 | €26,842 | €34,011 | +€7,169 | +26.7% |
| Trade receivables | 40 | €18,356 | €21,266 | +€2,910 | +15.9% |
| Other amounts receivable | 41 | €8,486 | €12,745 | +€4,259 | +50.2% |
| Current investments | 50/53 | €3,836 | €3,836 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,414 | €64,198 | -€21,216 | -24.8% |
| Deferred charges and accrued income | 490/1 | €2,402 | €1,662 | -€740 | -30.8% |
| Total equity and liabilities | 10/49 | €572,408 | €481,551 | -€90,858 | -15.9% |
| Equity | 10/15 | €295,475 | €262,882 | -€32,593 | -11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,102 | €141,360 | -€4,741 | -3.2% |
| Tax-exempt reserves | 132 | €307 | €307 | = | 0.0% |
| Distributable reserves | 133 | €145,795 | €141,053 | -€4,741 | -3.3% |
| Profit (loss) carried forward | 14 | €130,774 | €102,922 | -€27,852 | -21.3% |
| Amounts payable | 17/49 | €276,933 | €218,669 | -€58,264 | -21.0% |
| Amounts payable after more than one year | 17 | €202,909 | €142,964 | -€59,946 | -29.5% |
| Financial debts | 170/4 | €202,909 | €142,964 | -€59,946 | -29.5% |
| Amounts payable within one year | 42/48 | €74,024 | €75,411 | +€1,387 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €38,884 | €28,690 | -€10,194 | -26.2% |
| Financial debts | 43 | €5,854 | €3,885 | -€1,969 | -33.6% |
| Other loans | 439 | €5,854 | €3,885 | -€1,969 | -33.6% |
| Trade debts | 44 | €501 | €352 | -€148 | -29.6% |
| Suppliers | 440/4 | €501 | €352 | -€148 | -29.6% |
| Taxes, remuneration and social security | 45 | €10,553 | €15,557 | +€5,004 | +47.4% |
| Taxes | 450/3 | €10,553 | €15,557 | +€5,004 | +47.4% |
| Other amounts payable | 47/48 | €18,231 | €26,926 | +€8,695 | +47.7% |
| Accrued charges and deferred income | 492/3 | - | €294 | +€294 | |
| Non-recurring operating income | 76A | - | €4,742 | +€4,742 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,155 | €18,147 | -€26,008 | -58.9% |
| Other operating charges | 640/8 | €2,612 | €1,717 | -€895 | -34.3% |
| Non-recurring operating charges | 66A | €250 | €12,286 | +€12,037 | +4822.8% |
| Gross operating margin | 9900 | €86,887 | €97,121 | +€10,234 | +11.8% |
| Operating profit (loss) | 9901 | €39,871 | €64,970 | +€25,100 | +63.0% |
| Financial income | 75/76B | €0 | €38 | +€38 | +377500.0% |
| Recurring financial income | 75 | €0 | €38 | +€38 | +377500.0% |
| Financial charges | 65/66B | €7,049 | €5,873 | -€1,175 | -16.7% |
| Recurring financial charges | 65 | €7,049 | €5,873 | -€1,175 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €32,822 | €59,135 | +€26,313 | +80.2% |
| Income taxes | 67/77 | €11,533 | €13,876 | +€2,344 | +20.3% |
| Profit (loss) for the period | 9904 | €21,290 | €45,259 | +€23,969 | +112.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,290 | €45,259 | +€23,969 | +112.6% |
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 8 October 2026 via checked.be.