STYLEMANS: 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.
STYLEMANS
Largest movements
- Receivables within one year +€161,642
up €161,642 (+221.3%), from €73,026 to €234,668
of which Trade receivables: +€161,479
- Tangible fixed assets +€81,873
up €81,873 (+96.2%), from €85,134 to €167,007
of which Furniture and vehicles: +€80,291
- Reserves +€265,496
up €265,496 (+79.5%), from €334,059 to €599,555
- Tax, wage and social debts -€9,575
down €9,575 (-12.4%), from €77,494 to €67,919
of which Remuneration and social security: -€21,137
- Trade debts -€9,055
down €9,055 (-28.4%), from €31,891 to €22,837
- Gross operating margin +€249,023
up €249,023 (+48.4%), from €513,995 to €763,017
- Taxes +€51,661
up €51,661 (+197.5%), from €26,154 to €77,815
- Staff costs -€44,249
down €44,249 (-12.6%), from €350,101 to €305,853
- Depreciation -€24,063
down €24,063 (-67.0%), from €35,934 to €11,870
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 | €547,908 | €794,776 | +€246,867 | +45.1% |
| Fixed assets | 21/28 | €85,134 | €167,007 | +€81,873 | +96.2% |
| Tangible fixed assets | 22/27 | €85,134 | €167,007 | +€81,873 | +96.2% |
| Plant, machinery and equipment | 23 | €1,864 | €383 | -€1,482 | -79.5% |
| Furniture and vehicles | 24 | €52,665 | €132,956 | +€80,291 | +152.5% |
| Other tangible fixed assets | 26 | €30,605 | €33,669 | +€3,063 | +10.0% |
| Current assets | 29/58 | €462,774 | €627,769 | +€164,995 | +35.7% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,026 | €234,668 | +€161,642 | +221.3% |
| Trade receivables | 40 | €17,627 | €179,106 | +€161,479 | +916.1% |
| Other amounts receivable | 41 | €55,399 | €55,562 | +€163 | +0.3% |
| Cash at bank and in hand | 54/58 | €315,392 | €318,594 | +€3,201 | +1.0% |
| Deferred charges and accrued income | 490/1 | €4,356 | €4,507 | +€152 | +3.5% |
| Total equity and liabilities | 10/49 | €547,908 | €794,776 | +€246,867 | +45.1% |
| Equity | 10/15 | €438,523 | €704,020 | +€265,497 | +60.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €334,059 | €599,555 | +€265,496 | +79.5% |
| Distributable reserves | 133 | €334,059 | €599,555 | +€265,496 | +79.5% |
| Profit (loss) carried forward | 14 | €85,872 | €85,873 | +€1 | 0.0% |
| Amounts payable | 17/49 | €109,385 | €90,756 | -€18,630 | -17.0% |
| Amounts payable within one year | 42/48 | €109,385 | €90,756 | -€18,630 | -17.0% |
| Trade debts | 44 | €31,891 | €22,837 | -€9,055 | -28.4% |
| Suppliers | 440/4 | €31,891 | €22,837 | -€9,055 | -28.4% |
| Taxes, remuneration and social security | 45 | €77,494 | €67,919 | -€9,575 | -12.4% |
| Taxes | 450/3 | €36,108 | €47,670 | +€11,562 | +32.0% |
| Remuneration and social security | 454/9 | €41,386 | €20,249 | -€21,137 | -51.1% |
| Remuneration, social security and pensions | 62 | €350,101 | €305,853 | -€44,249 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,934 | €11,870 | -€24,063 | -67.0% |
| Other operating charges | 640/8 | €4,083 | €1,210 | -€2,873 | -70.4% |
| Gross operating margin | 9900 | €513,995 | €763,017 | +€249,023 | +48.4% |
| Operating profit (loss) | 9901 | €123,877 | €444,085 | +€320,208 | +258.5% |
| Financial income | 75/76B | €37 | €2,066 | +€2,030 | +5536.5% |
| Recurring financial income | 75 | €37 | €2,066 | +€2,030 | +5536.5% |
| Financial charges | 65/66B | €143 | €239 | +€96 | +66.8% |
| Recurring financial charges | 65 | €143 | €239 | +€96 | +66.8% |
| Profit (loss) for the period before taxes | 9903 | €123,770 | €445,912 | +€322,142 | +260.3% |
| Income taxes | 67/77 | €26,154 | €77,815 | +€51,661 | +197.5% |
| Profit (loss) for the period | 9904 | €97,616 | €368,097 | +€270,481 | +277.1% |
| Profit (loss) for the period to be appropriated | 9905 | €97,616 | €368,097 | +€270,481 | +277.1% |
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 2 October 2026 via checked.be.