STYVTO: 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.
What changed
STYVTO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€42,380
2024 · -€82,142+€39,762
Equity
-€432,008
2024 · -€389,628-€42,380
Cash
€1,802
2024 · €95+€1,707
Balance sheet total
€2.6m
2024 · €2.6m-€40,368
Largest movements
Assets
- Tangible fixed assets -€56,396
down €56,396 (-2.7%), from €2.1m to €2.1m
Equity and liabilities
- Current portion of long-term debt -€633,836
down €633,836 (-89.4%), from €708,833 to €74,997
- Debts after one year +€572,493
up €572,493 (+55.3%), from €1.0m to €1.6m
- Other debts +€87,340
up €87,340 (+9.9%), from €878,016 to €965,356
- Reserves -€35,883
down €35,883 (-2.3%), from €1.6m to €1.5m
of which Tax-exempt reserves: -€35,883
Income statement
- Gross operating margin +€33,338
up €33,338 (+99.4%), from €33,542 to €66,879
- Financial charges -€10,927
down €10,927 (-16.2%), from €67,567 to €56,640
- Taxes +€4,310
new in 2025: €4,310
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.
Result 2024
-€82,142
Gross operating margin
+€33,338
Other operating charges
-€245
Financial income
+€52
Financial charges
+€10,927
Taxes
-€4,310
Result 2025
-€42,380
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.
From operations
+€63,050
Investment
€0
Financing
-€61,343
Cash 2024
€95
From operations (derived)
+€63,050
Net result for the year
-€42,380
Depreciation
+€56,396
Receivables within one year
-€14,321
Provisions
-€11,961
Trade debts
-€14,652
Smaller working-capital items
+€2,628
Other debts
+€87,340
Financing
-€61,343
Debts after one year
+€572,493
Current portion of long-term debt
-€633,836
Cash 2025
€1,802
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,634,010 | €2,593,642 | -€40,368 | -1.5% |
| Fixed assets | 21/28 | €2,117,163 | €2,060,767 | -€56,396 | -2.7% |
| Tangible fixed assets | 22/27 | €2,117,163 | €2,060,767 | -€56,396 | -2.7% |
| Land and buildings | 22 | €2,117,163 | €2,060,767 | -€56,396 | -2.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €516,847 | €532,875 | +€16,028 | +3.1% |
| Amounts receivable within one year | 40/41 | €516,752 | €531,074 | +€14,321 | +2.8% |
| Other amounts receivable | 41 | €516,752 | €531,074 | +€14,321 | +2.8% |
| Cash at bank and in hand | 54/58 | €95 | €1,802 | +€1,707 | +1793.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,634,010 | €2,593,642 | -€40,368 | -1.5% |
| Equity | 10/15 | -€389,628 | -€432,008 | -€42,380 | -10.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,579,910 | €1,544,027 | -€35,883 | -2.3% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,083,164 | €1,047,280 | -€35,883 | -3.3% |
| Distributable reserves | 133 | €471,957 | €471,957 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,031,511 | -€2,038,008 | -€6,497 | -0.3% |
| Provisions and deferred taxes | 16 | €361,055 | €349,093 | -€11,961 | -3.3% |
| Deferred taxes | 168 | €361,055 | €349,093 | -€11,961 | -3.3% |
| Amounts payable | 17/49 | €2,662,584 | €2,676,557 | +€13,973 | +0.5% |
| Amounts payable after more than one year | 17 | €1,035,828 | €1,608,321 | +€572,493 | +55.3% |
| Financial debts | 170/4 | €1,035,828 | €1,608,321 | +€572,493 | +55.3% |
| Amounts payable within one year | 42/48 | €1,626,755 | €1,066,851 | -€559,905 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €708,833 | €74,997 | -€633,836 | -89.4% |
| Trade debts | 44 | €39,906 | €25,254 | -€14,652 | -36.7% |
| Suppliers | 440/4 | €39,906 | €25,254 | -€14,652 | -36.7% |
| Taxes, remuneration and social security | 45 | - | €1,243 | +€1,243 | |
| Taxes | 450/3 | - | €1,243 | +€1,243 | |
| Other amounts payable | 47/48 | €878,016 | €965,356 | +€87,340 | +9.9% |
| Accrued charges and deferred income | 492/3 | - | €1,385 | +€1,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,396 | €56,396 | = | 0.0% |
| Other operating charges | 640/8 | €8,817 | €9,062 | +€245 | +2.8% |
| Gross operating margin | 9900 | €33,542 | €66,879 | +€33,338 | +99.4% |
| Operating profit (loss) | 9901 | -€31,672 | €1,421 | +€33,093 | |
| Financial income | 75/76B | €5,135 | €5,188 | +€52 | +1.0% |
| Recurring financial income | 75 | €5,135 | €5,188 | +€52 | +1.0% |
| Financial charges | 65/66B | €67,567 | €56,640 | -€10,927 | -16.2% |
| Recurring financial charges | 65 | €67,567 | €56,640 | -€10,927 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€94,103 | -€50,031 | +€44,072 | +46.8% |
| Transfer from deferred taxes | 780 | €11,961 | €11,961 | = | 0.0% |
| Income taxes | 67/77 | - | €4,310 | +€4,310 | |
| Profit (loss) for the period | 9904 | -€82,142 | -€42,380 | +€39,762 | +48.4% |
| Transfer from tax-exempt reserves | 789 | €35,883 | €35,883 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,259 | -€6,497 | +€39,762 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.