STYX: 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.
STYX
Largest movements
- Tangible fixed assets -€21,317
down €21,317 (-39.5%), from €54,030 to €32,713
- Receivables within one year +€3,550
up €3,550 (+27.2%), from €13,070 to €16,620
of which Trade receivables: +€3,552
- Cash -€1,419
down €1,419 (-38.5%), from €3,689 to €2,270
mainly Debts after one year (-€11,203) and Current portion of long-term debt (-€6,359)
- Debts after one year -€11,203
no longer reported in 2025 (was €11,203)
- Current portion of long-term debt -€6,359
down €6,359 (-36.2%), from €17,562 to €11,203
- Tax, wage and social debts -€2,068
down €2,068 (-64.0%), from €3,230 to €1,163
- Trade debts -€1,716
down €1,716 (-37.4%), from €4,584 to €2,868
- Advances received +€1,595
new in 2025: €1,595
- Gross operating margin +€3,244
up €3,244 (+16.0%), from €20,296 to €23,540
- Depreciation +€1,184
up €1,184 (+5.8%), from €20,557 to €21,741
- Other operating charges +€710
up €710 (+421.6%), from €169 to €879
- Financial charges -€585
down €585 (-43.8%), from €1,335 to €750
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 | €70,836 | €51,603 | -€19,232 | -27.2% |
| Fixed assets | 21/28 | €54,030 | €32,713 | -€21,317 | -39.5% |
| Tangible fixed assets | 22/27 | €54,030 | €32,713 | -€21,317 | -39.5% |
| Plant, machinery and equipment | 23 | €6,918 | €5,109 | -€1,808 | -26.1% |
| Furniture and vehicles | 24 | €29,247 | €19,970 | -€9,277 | -31.7% |
| Leasing and similar rights | 25 | €17,865 | €7,634 | -€10,232 | -57.3% |
| Current assets | 29/58 | €16,806 | €18,890 | +€2,084 | +12.4% |
| Amounts receivable within one year | 40/41 | €13,070 | €16,620 | +€3,550 | +27.2% |
| Trade receivables | 40 | €13,068 | €16,620 | +€3,552 | +27.2% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €3,689 | €2,270 | -€1,419 | -38.5% |
| Deferred charges and accrued income | 490/1 | €47 | - | -€47 | |
| Total equity and liabilities | 10/49 | €70,836 | €51,603 | -€19,232 | -27.2% |
| Equity | 10/15 | €6,049 | €6,211 | +€162 | +2.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,049 | €3,211 | +€162 | +5.3% |
| Amounts payable | 17/49 | €64,786 | €45,392 | -€19,394 | -29.9% |
| Amounts payable after more than one year | 17 | €11,203 | - | -€11,203 | |
| Financial debts | 170/4 | €11,203 | - | -€11,203 | |
| Amounts payable within one year | 42/48 | €53,584 | €45,392 | -€8,191 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €17,562 | €11,203 | -€6,359 | -36.2% |
| Trade debts | 44 | €4,584 | €2,868 | -€1,716 | -37.4% |
| Suppliers | 440/4 | €4,584 | €2,868 | -€1,716 | -37.4% |
| Advances received on contracts in progress | 46 | - | €1,595 | +€1,595 | |
| Taxes, remuneration and social security | 45 | €3,230 | €1,163 | -€2,068 | -64.0% |
| Taxes | 450/3 | €3,230 | €1,163 | -€2,068 | -64.0% |
| Other amounts payable | 47/48 | €28,208 | €28,564 | +€357 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,557 | €21,741 | +€1,184 | +5.8% |
| Other operating charges | 640/8 | €169 | €879 | +€710 | +421.6% |
| Gross operating margin | 9900 | €20,296 | €23,540 | +€3,244 | +16.0% |
| Operating profit (loss) | 9901 | -€429 | €921 | +€1,350 | |
| Financial income | 75/76B | - | €123 | +€123 | |
| Recurring financial income | 75 | - | €123 | +€123 | |
| Financial charges | 65/66B | €1,335 | €750 | -€585 | -43.8% |
| Recurring financial charges | 65 | €1,335 | €750 | -€585 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,764 | €294 | +€2,058 | |
| Income taxes | 67/77 | €57 | €132 | +€75 | +130.4% |
| Profit (loss) for the period | 9904 | -€1,822 | €162 | +€1,983 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,822 | €162 | +€1,983 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.