STYLMETAL: 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.
STYLMETAL
Largest movements
- Receivables within one year +€32,218
up €32,218 (+132%), from €24,380 to €56,598
of which Trade receivables: +€33,091
- Intangible fixed assets -€11,000
down €11,000 (-14.6%), from €75,132 to €64,132
- Tangible fixed assets +€7,317
new in 2025: €7,317
- Deferred charges and accrued income +€4,006
up €4,006 (+53.8%), from €7,447 to €11,452
- Trade debts +€33,606
up €33,606 (+122%), from €27,646 to €61,252
- Other debts +€19,867
up €19,867 (+28.2%), from €70,414 to €90,281
- Profit (loss) carried forward -€17,943
down €17,943 (-142%), from -€12,593 to -€30,536
- Debts after one year -€10,579
no longer reported in 2025 (was €10,579)
- Tax, wage and social debts +€7,648
up €7,648 (+121%), from €6,318 to €13,966
of which Remuneration and social security: +€8,253
- Gross operating margin -€20,214
down €20,214 (-28.9%), from €69,927 to €49,713
- Depreciation -€1,020
down €1,020 (-6.7%), from €15,203 to €14,183
- Financial charges -€846
down €846 (-33.3%), from €2,537 to €1,691
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,312 | €159,852 | +€32,540 | +25.6% |
| Fixed assets | 21/28 | €76,985 | €73,301 | -€3,683 | -4.8% |
| Intangible fixed assets | 21 | €75,132 | €64,132 | -€11,000 | -14.6% |
| Tangible fixed assets | 22/27 | - | €7,317 | +€7,317 | |
| Furniture and vehicles | 24 | - | €7,317 | +€7,317 | |
| Financial fixed assets | 28 | €1,853 | €1,853 | = | 0.0% |
| Current assets | 29/58 | €50,327 | €86,550 | +€36,223 | +72.0% |
| Stocks and contracts in progress | 3 | €18,500 | €18,500 | = | 0.0% |
| Stocks | 30/36 | €18,500 | €18,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,380 | €56,598 | +€32,218 | +132% |
| Trade receivables | 40 | €20,734 | €53,825 | +€33,091 | +160% |
| Other amounts receivable | 41 | €3,647 | €2,773 | -€873 | -23.9% |
| Deferred charges and accrued income | 490/1 | €7,447 | €11,452 | +€4,006 | +53.8% |
| Total equity and liabilities | 10/49 | €127,312 | €159,852 | +€32,540 | +25.6% |
| Equity | 10/15 | -€7,593 | -€25,536 | -€17,943 | -236% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,593 | -€30,536 | -€17,943 | -142% |
| Amounts payable | 17/49 | €134,905 | €185,387 | +€50,483 | +37.4% |
| Amounts payable after more than one year | 17 | €10,579 | - | -€10,579 | |
| Financial debts | 170/4 | €10,579 | - | -€10,579 | |
| Amounts payable within one year | 42/48 | €124,326 | €185,387 | +€61,062 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €10,281 | €10,579 | +€298 | +2.9% |
| Financial debts | 43 | €9,666 | €9,310 | -€357 | -3.7% |
| Credit institutions | 430/8 | €9,666 | €9,310 | -€357 | -3.7% |
| Trade debts | 44 | €27,646 | €61,252 | +€33,606 | +122% |
| Suppliers | 440/4 | €27,646 | €61,252 | +€33,606 | +122% |
| Taxes, remuneration and social security | 45 | €6,318 | €13,966 | +€7,648 | +121% |
| Taxes | 450/3 | €790 | €185 | -€604 | -76.5% |
| Remuneration and social security | 454/9 | €5,528 | €13,781 | +€8,253 | +149% |
| Other amounts payable | 47/48 | €70,414 | €90,281 | +€19,867 | +28.2% |
| Remuneration, social security and pensions | 62 | €52,007 | €51,612 | -€395 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,203 | €14,183 | -€1,020 | -6.7% |
| Other operating charges | 640/8 | €244 | €210 | -€35 | -14.2% |
| Gross operating margin | 9900 | €69,927 | €49,713 | -€20,214 | -28.9% |
| Operating profit (loss) | 9901 | €2,473 | -€16,292 | -€18,765 | |
| Financial income | 75/76B | €14 | €41 | +€27 | +184% |
| Recurring financial income | 75 | €14 | €41 | +€27 | +184% |
| Financial charges | 65/66B | €2,537 | €1,691 | -€846 | -33.3% |
| Recurring financial charges | 65 | €2,537 | €1,691 | -€846 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€50 | -€17,943 | -€17,893 | -35,871% |
| Profit (loss) for the period | 9904 | -€50 | -€17,943 | -€17,893 | -35,871% |
| Profit (loss) for the period to be appropriated | 9905 | -€50 | -€17,943 | -€17,893 | -35,871% |
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 13 October 2026 via checked.be.