STYLEDESIGN: 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.
STYLEDESIGN
Largest movements
- Tangible fixed assets -€8,171
down €8,171 (-2.6%), from €319,773 to €311,602
of which Land and buildings: -€19,776
- Cash -€4,953
down €4,953 (-22.7%), from €21,855 to €16,902
mainly Current portion of long-term debt (-€46,194) and Investment in fixed assets (net) (-€19,421)
- Current portion of long-term debt -€46,194
down €46,194 (-76.2%), from €60,628 to €14,434
- Reserves +€35,850
up €35,850 (+33.2%), from €108,060 to €143,910
of which Distributable reserves: +€35,850
- Trade debts +€6,610
up €6,610 (+96.5%), from €6,848 to €13,458
- Debts after one year -€4,375
no longer reported in 2025 (was €4,375)
- Staff costs -€18,280
down €18,280 (-45.9%), from €39,852 to €21,573
- Gross operating margin +€5,882
up €5,882 (+5.5%), from €106,929 to €112,811
- Depreciation +€5,725
up €5,725 (+26.2%), from €21,867 to €27,593
- Financial charges -€3,391
down €3,391 (-60.8%), from €5,573 to €2,183
- Taxes +€2,475
up €2,475 (+15.1%), from €16,437 to €18,912
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 | €382,063 | €371,609 | -€10,454 | -2.7% |
| Fixed assets | 21/28 | €321,323 | €313,152 | -€8,171 | -2.5% |
| Tangible fixed assets | 22/27 | €319,773 | €311,602 | -€8,171 | -2.6% |
| Land and buildings | 22 | €313,561 | €293,785 | -€19,776 | -6.3% |
| Furniture and vehicles | 24 | €6,212 | €17,817 | +€11,605 | +186.8% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €60,739 | €58,456 | -€2,283 | -3.8% |
| Stocks and contracts in progress | 3 | €28,905 | €32,457 | +€3,552 | +12.3% |
| Stocks | 30/36 | €28,905 | €32,457 | +€3,552 | +12.3% |
| Amounts receivable within one year | 40/41 | €7,935 | €6,784 | -€1,151 | -14.5% |
| Trade receivables | 40 | €7,391 | €6,525 | -€866 | -11.7% |
| Other amounts receivable | 41 | €544 | €259 | -€285 | -52.4% |
| Cash at bank and in hand | 54/58 | €21,855 | €16,902 | -€4,953 | -22.7% |
| Deferred charges and accrued income | 490/1 | €2,044 | €2,314 | +€270 | +13.2% |
| Total equity and liabilities | 10/49 | €382,063 | €371,609 | -€10,454 | -2.7% |
| Equity | 10/15 | €156,934 | €192,808 | +€35,874 | +22.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,060 | €143,910 | +€35,850 | +33.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €106,200 | €142,050 | +€35,850 | +33.8% |
| Profit (loss) carried forward | 14 | €36,474 | €36,498 | +€24 | +0.1% |
| Amounts payable | 17/49 | €225,129 | €178,801 | -€46,328 | -20.6% |
| Amounts payable after more than one year | 17 | €4,375 | - | -€4,375 | |
| Financial debts | 170/4 | €4,375 | - | -€4,375 | |
| Amounts payable within one year | 42/48 | €220,501 | €177,151 | -€43,350 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €60,628 | €14,434 | -€46,194 | -76.2% |
| Trade debts | 44 | €6,848 | €13,458 | +€6,610 | +96.5% |
| Suppliers | 440/4 | €6,848 | €13,458 | +€6,610 | +96.5% |
| Taxes, remuneration and social security | 45 | €12,333 | €9,400 | -€2,933 | -23.8% |
| Taxes | 450/3 | €2,634 | €3,912 | +€1,278 | +48.5% |
| Remuneration and social security | 454/9 | €9,700 | €5,488 | -€4,212 | -43.4% |
| Other amounts payable | 47/48 | €140,692 | €139,859 | -€833 | -0.6% |
| Accrued charges and deferred income | 492/3 | €252 | €1,650 | +€1,398 | +554.3% |
| Remuneration, social security and pensions | 62 | €39,852 | €21,573 | -€18,280 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,867 | €27,593 | +€5,725 | +26.2% |
| Other operating charges | 640/8 | €5,995 | €6,758 | +€764 | +12.7% |
| Gross operating margin | 9900 | €106,929 | €112,811 | +€5,882 | +5.5% |
| Operating profit (loss) | 9901 | €39,215 | €56,888 | +€17,673 | +45.1% |
| Financial income | 75/76B | €101 | €81 | -€20 | -19.8% |
| Recurring financial income | 75 | €101 | €81 | -€20 | -19.8% |
| Financial charges | 65/66B | €5,573 | €2,183 | -€3,391 | -60.8% |
| Recurring financial charges | 65 | €5,573 | €2,183 | -€3,391 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €33,742 | €54,786 | +€21,043 | +62.4% |
| Income taxes | 67/77 | €16,437 | €18,912 | +€2,475 | +15.1% |
| Profit (loss) for the period | 9904 | €17,306 | €35,874 | +€18,568 | +107.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,306 | €35,874 | +€18,568 | +107.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.