STYLIANI SARMA: 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.
STYLIANI SARMA
Largest movements
- Receivables within one year +€179,667
up €179,667 (+30.6%), from €587,759 to €767,426
- Receivables after one year -€136,000
down €136,000 (-66.7%), from €204,000 to €68,000
- Current investments +€125,000
new in 2025: €125,000
- Cash -€117,471
down €117,471 (-93.2%), from €126,102 to €8,630
mainly Receivables within one year (-€179,667) and Current investments (-€125,000)
- Tangible fixed assets -€29,587
down €29,587 (-4.0%), from €741,079 to €711,492
of which Land and buildings: -€26,967
- Reserves +€52,900
up €52,900 (+6.3%), from €841,335 to €894,235
of which Distributable reserves: +€52,900
- Debts after one year -€34,919
down €34,919 (-7.4%), from €469,963 to €435,044
- Gross operating margin -€87,576
down €87,576 (-36.2%), from €241,592 to €154,016
- Taxes -€25,033
down €25,033 (-35.7%), from €70,130 to €45,097
- Financial income +€3,396
up €3,396 (+10.4%), from €32,538 to €35,934
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.
Derived cash bridge
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 | €1,658,940 | €1,681,393 | +€22,454 | +1.4% |
| Fixed assets | 21/28 | €741,079 | €711,492 | -€29,587 | -4.0% |
| Tangible fixed assets | 22/27 | €741,079 | €711,492 | -€29,587 | -4.0% |
| Land and buildings | 22 | €720,331 | €693,364 | -€26,967 | -3.7% |
| Plant, machinery and equipment | 23 | €16,612 | €15,340 | -€1,272 | -7.7% |
| Furniture and vehicles | 24 | €2,786 | €1,438 | -€1,348 | -48.4% |
| Other tangible fixed assets | 26 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €917,861 | €969,901 | +€52,041 | +5.7% |
| Amounts receivable after more than one year | 29 | €204,000 | €68,000 | -€136,000 | -66.7% |
| Other amounts receivable | 291 | €204,000 | €68,000 | -€136,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €587,759 | €767,426 | +€179,667 | +30.6% |
| Other amounts receivable | 41 | €587,759 | €767,426 | +€179,667 | +30.6% |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €126,102 | €8,630 | -€117,471 | -93.2% |
| Deferred charges and accrued income | 490/1 | - | €845 | +€845 | |
| Total equity and liabilities | 10/49 | €1,658,940 | €1,681,393 | +€22,454 | +1.4% |
| Equity | 10/15 | €1,098,888 | €1,151,847 | +€52,959 | +4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €841,335 | €894,235 | +€52,900 | +6.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €839,480 | €892,380 | +€52,900 | +6.3% |
| Profit (loss) carried forward | 14 | €245,153 | €245,212 | +€59 | 0.0% |
| Amounts payable | 17/49 | €560,052 | €529,547 | -€30,505 | -5.4% |
| Amounts payable after more than one year | 17 | €469,963 | €435,044 | -€34,919 | -7.4% |
| Financial debts | 170/4 | €469,963 | €435,044 | -€34,919 | -7.4% |
| Amounts payable within one year | 42/48 | €83,339 | €87,753 | +€4,414 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €34,021 | €34,919 | +€899 | +2.6% |
| Trade debts | 44 | €281 | - | -€281 | |
| Suppliers | 440/4 | €281 | - | -€281 | |
| Taxes, remuneration and social security | 45 | €48,178 | €52,000 | +€3,822 | +7.9% |
| Taxes | 450/3 | €48,178 | €52,000 | +€3,822 | +7.9% |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | €6,750 | €6,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,587 | €29,587 | = | 0.0% |
| Other operating charges | 640/8 | €3,779 | €4,151 | +€372 | +9.8% |
| Gross operating margin | 9900 | €241,592 | €154,016 | -€87,576 | -36.2% |
| Operating profit (loss) | 9901 | €208,226 | €120,278 | -€87,948 | -42.2% |
| Financial income | 75/76B | €32,538 | €35,934 | +€3,396 | +10.4% |
| Recurring financial income | 75 | €32,538 | €35,934 | +€3,396 | +10.4% |
| Financial charges | 65/66B | €14,507 | €13,623 | -€884 | -6.1% |
| Recurring financial charges | 65 | €14,507 | €13,623 | -€884 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €226,257 | €142,589 | -€83,668 | -37.0% |
| Income taxes | 67/77 | €70,130 | €45,097 | -€25,033 | -35.7% |
| Profit (loss) for the period | 9904 | €156,127 | €97,492 | -€58,635 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €156,127 | €97,492 | -€58,635 | -37.6% |
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 17 October 2026 via checked.be.