STYLESPACE: 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.
STYLESPACE
Largest movements
- Cash -€74,962
down €74,962 (-51.2%), from €146,497 to €71,535
mainly Net result for the year (-€272,672) and Receivables within one year (-€40,123)
- Receivables within one year +€40,123
up €40,123 (+5.6%), from €719,697 to €759,820
of which Trade receivables: +€41,014
- Stocks and contracts +€38,751
up €38,751 (+7.7%), from €506,357 to €545,108
- Profit (loss) carried forward -€272,672
down €272,672 (-8.3%), from -€3.3m to -€3.6m
- Trade debts +€194,638
up €194,638 (+11.3%), from €1.7m to €1.9m
- Debts after one year +€74,504
up €74,504 (+3.3%), from €2.3m to €2.3m
- Gross operating margin -€51,641
down €51,641 (-23.3%), from €221,608 to €169,967
- Financial charges +€51,068
up €51,068 (+158.2%), from €32,283 to €83,351
- Write-downs -€40,908
down €40,908 (-1045.4%), from -€3,913 to -€44,821
- Staff costs -€28,696
down €28,696 (-6.8%), from €423,850 to €395,154
- Other operating charges -€11,640
down €11,640 (-61.4%), from €18,962 to €7,322
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 | €1,393,223 | €1,392,009 | -€1,214 | -0.1% |
| Fixed assets | 21/28 | €15,656 | €11,168 | -€4,489 | -28.7% |
| Tangible fixed assets | 22/27 | €15,606 | €11,118 | -€4,489 | -28.8% |
| Plant, machinery and equipment | 23 | - | €354 | +€354 | |
| Furniture and vehicles | 24 | €2,992 | €1,363 | -€1,629 | -54.4% |
| Other tangible fixed assets | 26 | €12,614 | €9,401 | -€3,214 | -25.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,377,567 | €1,380,842 | +€3,275 | +0.2% |
| Stocks and contracts in progress | 3 | €506,357 | €545,108 | +€38,751 | +7.7% |
| Stocks | 30/36 | €506,357 | €545,108 | +€38,751 | +7.7% |
| Amounts receivable within one year | 40/41 | €719,697 | €759,820 | +€40,123 | +5.6% |
| Trade receivables | 40 | €713,846 | €754,860 | +€41,014 | +5.7% |
| Other amounts receivable | 41 | €5,851 | €4,960 | -€891 | -15.2% |
| Cash at bank and in hand | 54/58 | €146,497 | €71,535 | -€74,962 | -51.2% |
| Deferred charges and accrued income | 490/1 | €5,015 | €4,378 | -€637 | -12.7% |
| Total equity and liabilities | 10/49 | €1,393,223 | €1,392,009 | -€1,214 | -0.1% |
| Equity | 10/15 | -€2,683,906 | -€2,956,578 | -€272,672 | -10.2% |
| Contributions | 10/11 | €604,860 | €604,860 | = | 0.0% |
| Capital | 10 | €604,860 | €604,860 | = | 0.0% |
| Issued capital | 100 | €604,860 | €604,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,288,766 | -€3,561,438 | -€272,672 | -8.3% |
| Amounts payable | 17/49 | €4,077,129 | €4,348,587 | +€271,458 | +6.7% |
| Amounts payable after more than one year | 17 | €2,270,534 | €2,345,038 | +€74,504 | +3.3% |
| Other amounts payable | 178/9 | €2,270,534 | €2,345,038 | +€74,504 | +3.3% |
| Amounts payable within one year | 42/48 | €1,806,480 | €2,002,886 | +€196,406 | +10.9% |
| Trade debts | 44 | €1,727,886 | €1,922,524 | +€194,638 | +11.3% |
| Suppliers | 440/4 | €1,727,886 | €1,922,524 | +€194,638 | +11.3% |
| Advances received on contracts in progress | 46 | - | €1,141 | +€1,141 | |
| Taxes, remuneration and social security | 45 | €75,631 | €77,154 | +€1,523 | +2.0% |
| Taxes | 450/3 | €27,366 | €26,845 | -€521 | -1.9% |
| Remuneration and social security | 454/9 | €48,265 | €50,310 | +€2,045 | +4.2% |
| Other amounts payable | 47/48 | €2,963 | €2,066 | -€897 | -30.3% |
| Accrued charges and deferred income | 492/3 | €115 | €664 | +€549 | +479.3% |
| Remuneration, social security and pensions | 62 | €423,850 | €395,154 | -€28,696 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,082 | €4,922 | -€10,159 | -67.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,913 | -€44,821 | -€40,908 | -1045.4% |
| Other operating charges | 640/8 | €18,962 | €7,322 | -€11,640 | -61.4% |
| Gross operating margin | 9900 | €221,608 | €169,967 | -€51,641 | -23.3% |
| Operating profit (loss) | 9901 | -€232,372 | -€192,610 | +€39,762 | +17.1% |
| Financial income | 75/76B | €6,886 | €3,714 | -€3,172 | -46.1% |
| Recurring financial income | 75 | €6,886 | €3,714 | -€3,172 | -46.1% |
| Financial charges | 65/66B | €32,283 | €83,351 | +€51,068 | +158.2% |
| Recurring financial charges | 65 | €32,283 | €83,351 | +€51,068 | +158.2% |
| Profit (loss) for the period before taxes | 9903 | -€257,769 | -€272,247 | -€14,478 | -5.6% |
| Income taxes | 67/77 | €627 | €425 | -€202 | -32.2% |
| Profit (loss) for the period | 9904 | -€258,396 | -€272,672 | -€14,277 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€258,396 | -€272,672 | -€14,277 | -5.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.