Style Palace: 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.
Style Palace
Largest movements
- Stocks and contracts +€121,731
up €121,731 (+71.4%), from €170,511 to €292,242
- Cash +€20,130
up €20,130 (+135%), from €14,873 to €35,004
mainly Debts after one year (+€93,986) and Current portion of long-term debt (+€22,367)
- Receivables within one year +€12,810
new in 2026: €12,810
- Financial fixed assets -€12,000
down €12,000 (-39.8%), from €30,125 to €18,125
- Tangible fixed assets +€4,228
up €4,228 (+1,963%), from €215 to €4,444
of which Other tangible fixed assets: +€4,444
- Debts after one year +€93,986
new in 2026: €93,986
- Current portion of long-term debt +€22,367
new in 2026: €22,367
- Reserves +€18,100
up €18,100 (+13.9%), from €130,400 to €148,500
- Trade debts +€13,960
up €13,960 (+47.4%), from €29,438 to €43,399
- Other debts -€7,495
down €7,495 (-42.8%), from €17,512 to €10,017
- Gross operating margin +€15,018
up €15,018 (+123%), from €12,237 to €27,255
- Taxes +€5,441
up €5,441 (+194%), from €2,798 to €8,238
- Financial income +€1,159
up €1,159 (+93.4%), from €1,241 to €2,400
- Depreciation +€491
up €491 (+55.5%), from €884 to €1,375
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,060 | €363,372 | +€146,312 | +67.4% |
| Fixed assets | 21/28 | €31,244 | €22,869 | -€8,375 | -26.8% |
| Intangible fixed assets | 21 | €903 | €300 | -€603 | -66.8% |
| Tangible fixed assets | 22/27 | €215 | €4,444 | +€4,228 | +1,963% |
| Furniture and vehicles | 24 | €215 | - | -€215 | |
| Other tangible fixed assets | 26 | - | €4,444 | +€4,444 | |
| Financial fixed assets | 28 | €30,125 | €18,125 | -€12,000 | -39.8% |
| Current assets | 29/58 | €185,816 | €340,503 | +€154,687 | +83.2% |
| Stocks and contracts in progress | 3 | €170,511 | €292,242 | +€121,731 | +71.4% |
| Stocks | 30/36 | €170,511 | €292,242 | +€121,731 | +71.4% |
| Amounts receivable within one year | 40/41 | - | €12,810 | +€12,810 | |
| Trade receivables | 40 | - | €12,810 | +€12,810 | |
| Cash at bank and in hand | 54/58 | €14,873 | €35,004 | +€20,130 | +135% |
| Deferred charges and accrued income | 490/1 | €432 | €447 | +€16 | +3.6% |
| Total equity and liabilities | 10/49 | €217,060 | €363,372 | +€146,312 | +67.4% |
| Equity | 10/15 | €149,086 | €167,149 | +€18,063 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,400 | €148,500 | +€18,100 | +13.9% |
| Distributable reserves | 133 | €130,400 | €148,500 | +€18,100 | +13.9% |
| Profit (loss) carried forward | 14 | €86 | €49 | -€37 | -42.8% |
| Amounts payable | 17/49 | €67,974 | €196,223 | +€128,249 | +189% |
| Amounts payable after more than one year | 17 | - | €93,986 | +€93,986 | |
| Financial debts | 170/4 | - | €93,986 | +€93,986 | |
| Amounts payable within one year | 42/48 | €67,974 | €102,237 | +€34,262 | +50.4% |
| Current portion of amounts payable after more than one year | 42 | - | €22,367 | +€22,367 | |
| Trade debts | 44 | €29,438 | €43,399 | +€13,960 | +47.4% |
| Suppliers | 440/4 | €29,438 | €43,399 | +€13,960 | +47.4% |
| Taxes, remuneration and social security | 45 | €21,024 | €26,454 | +€5,430 | +25.8% |
| Taxes | 450/3 | €13,924 | €18,913 | +€4,988 | +35.8% |
| Remuneration and social security | 454/9 | €7,100 | €7,542 | +€442 | +6.2% |
| Other amounts payable | 47/48 | €17,512 | €10,017 | -€7,495 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €884 | €1,375 | +€491 | +55.5% |
| Other operating charges | 640/8 | €535 | €585 | +€50 | +9.4% |
| Gross operating margin | 9900 | €12,237 | €27,255 | +€15,018 | +123% |
| Operating profit (loss) | 9901 | €10,818 | €25,295 | +€14,477 | +134% |
| Financial income | 75/76B | €1,241 | €2,400 | +€1,159 | +93.4% |
| Recurring financial income | 75 | €1,241 | €2,400 | +€1,159 | +93.4% |
| Financial charges | 65/66B | €1,149 | €1,394 | +€245 | +21.3% |
| Recurring financial charges | 65 | €1,149 | €1,394 | +€245 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €10,911 | €26,302 | +€15,391 | +141% |
| Income taxes | 67/77 | €2,798 | €8,238 | +€5,441 | +194% |
| Profit (loss) for the period | 9904 | €8,113 | €18,063 | +€9,950 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €8,113 | €18,063 | +€9,950 | +123% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.