STYX: 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.
STYX
Largest movements
- Financial fixed assets +€277,275
new in 2025: €277,275
- Receivables within one year -€50,803
down €50,803 (-25.9%), from €195,835 to €145,032
of which Other amounts receivable: -€39,203
- Cash +€21,572
up €21,572 (+70.5%), from €30,579 to €52,151
mainly Contributions, distributions and other (+€277,275) and Receivables within one year (+€50,803)
- Contributions +€277,275
up €277,275 (+1,386%), from €20,000 to €297,275
- Other debts -€26,859
no longer reported in 2025 (was €26,859)
- Trade debts -€7,398
down €7,398 (-44.0%), from €16,802 to €9,404
- Tax, wage and social debts +€6,935
up €6,935 (+53.6%), from €12,935 to €19,870
- Gross operating margin -€27,418
down €27,418 (-90.6%), from €30,253 to €2,835
- Taxes -€7,314
down €7,314 (-94.6%), from €7,728 to €414
- Other operating charges +€1,313
up €1,313 (+145%), from €904 to €2,217
- Financial charges +€458
up €458 (+27.2%), from €1,683 to €2,141
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 | €231,939 | €479,372 | +€247,433 | +107% |
| Fixed assets | 21/28 | €3,009 | €281,146 | +€278,137 | +9,244% |
| Tangible fixed assets | 22/27 | €3,009 | €3,871 | +€862 | +28.6% |
| Furniture and vehicles | 24 | €3,009 | €3,871 | +€862 | +28.6% |
| Financial fixed assets | 28 | - | €277,275 | +€277,275 | |
| Current assets | 29/58 | €228,930 | €198,226 | -€30,704 | -13.4% |
| Amounts receivable within one year | 40/41 | €195,835 | €145,032 | -€50,803 | -25.9% |
| Trade receivables | 40 | €15,448 | €3,848 | -€11,600 | -75.1% |
| Other amounts receivable | 41 | €180,387 | €141,184 | -€39,203 | -21.7% |
| Cash at bank and in hand | 54/58 | €30,579 | €52,151 | +€21,572 | +70.5% |
| Deferred charges and accrued income | 490/1 | €2,516 | €1,043 | -€1,473 | -58.5% |
| Total equity and liabilities | 10/49 | €231,939 | €479,372 | +€247,433 | +107% |
| Equity | 10/15 | €175,343 | €450,098 | +€274,755 | +157% |
| Contributions | 10/11 | €20,000 | €297,275 | +€277,275 | +1,386% |
| Reserves | 13 | €21,205 | €21,205 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €19,205 | €21,205 | +€2,000 | +10.4% |
| Profit (loss) carried forward | 14 | €134,138 | €131,618 | -€2,520 | -1.9% |
| Amounts payable | 17/49 | €56,596 | €29,274 | -€27,322 | -48.3% |
| Amounts payable within one year | 42/48 | €56,596 | €29,274 | -€27,322 | -48.3% |
| Trade debts | 44 | €16,802 | €9,404 | -€7,398 | -44.0% |
| Suppliers | 440/4 | €16,802 | €9,404 | -€7,398 | -44.0% |
| Taxes, remuneration and social security | 45 | €12,935 | €19,870 | +€6,935 | +53.6% |
| Taxes | 450/3 | €12,935 | €19,870 | +€6,935 | +53.6% |
| Other amounts payable | 47/48 | €26,859 | - | -€26,859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733 | €583 | -€150 | -20.5% |
| Other operating charges | 640/8 | €904 | €2,217 | +€1,313 | +145% |
| Gross operating margin | 9900 | €30,253 | €2,835 | -€27,418 | -90.6% |
| Operating profit (loss) | 9901 | €28,616 | €35 | -€28,581 | -99.9% |
| Financial charges | 65/66B | €1,683 | €2,141 | +€458 | +27.2% |
| Recurring financial charges | 65 | €1,683 | €2,141 | +€458 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €26,933 | -€2,106 | -€29,039 | |
| Income taxes | 67/77 | €7,728 | €414 | -€7,314 | -94.6% |
| Profit (loss) for the period | 9904 | €19,205 | -€2,520 | -€21,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,205 | -€2,520 | -€21,725 |
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 26 October 2026 via checked.be.