AU CYRANO: 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.
AU CYRANO
Largest movements
- Tangible fixed assets +€114,817
up €114,817 (+116.2%), from €98,782 to €213,600
of which Other tangible fixed assets: +€125,204
- Cash -€44,950
no longer reported in 2025 (was €44,950)
mainly Investment in fixed assets (net) (-€147,789) and Net result for the year (-€45,559)
- Receivables within one year +€40,310
up €40,310 (+25988.3%), from €155 to €40,466
of which Trade receivables: +€36,934
- Debts after one year +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€42,712
down €42,712, from €38,070 to -€4,642
- Trade debts +€36,634
up €36,634 (+537.2%), from €6,820 to €43,454
- Other debts +€18,434
up €18,434 (+70.0%), from €26,351 to €44,785
- Reserves -€2,847
down €2,847 (-5.6%), from €50,540 to €47,693
of which Tax-exempt reserves: -€2,847
- Gross operating margin -€47,917
down €47,917, from €35,994 to -€11,923
- Depreciation +€8,971
up €8,971 (+37.4%), from €24,001 to €32,972
- Taxes -€4,393
down €4,393 (-99.4%), from €4,420 to €27
- Financial charges +€1,984
up €1,984 (+1994.5%), from €99 to €2,083
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 | €146,457 | €254,752 | +€108,295 | +73.9% |
| Fixed assets | 21/28 | €99,469 | €214,286 | +€114,817 | +115.4% |
| Tangible fixed assets | 22/27 | €98,782 | €213,600 | +€114,817 | +116.2% |
| Land and buildings | 22 | €47,047 | €36,660 | -€10,387 | -22.1% |
| Other tangible fixed assets | 26 | €51,735 | €176,940 | +€125,204 | +242.0% |
| Financial fixed assets | 28 | €687 | €687 | = | 0.0% |
| Current assets | 29/58 | €46,988 | €40,466 | -€6,523 | -13.9% |
| Amounts receivable within one year | 40/41 | €155 | €40,466 | +€40,310 | +25988.3% |
| Trade receivables | 40 | - | €36,934 | +€36,934 | |
| Other amounts receivable | 41 | €155 | €3,532 | +€3,377 | +2176.9% |
| Cash at bank and in hand | 54/58 | €44,950 | - | -€44,950 | |
| Deferred charges and accrued income | 490/1 | €1,883 | - | -€1,883 | |
| Total equity and liabilities | 10/49 | €146,457 | €254,752 | +€108,295 | +73.9% |
| Equity | 10/15 | €107,202 | €61,643 | -€45,559 | -42.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €50,540 | €47,693 | -€2,847 | -5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,847 | - | -€2,847 | |
| Distributable reserves | 133 | €45,833 | €45,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,070 | -€4,642 | -€42,712 | |
| Provisions and deferred taxes | 16 | €1,665 | €219 | -€1,446 | -86.9% |
| Deferred taxes | 168 | €1,665 | €219 | -€1,446 | -86.9% |
| Amounts payable | 17/49 | €37,590 | €192,890 | +€155,300 | +413.1% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €37,590 | €92,693 | +€55,103 | +146.6% |
| Financial debts | 43 | - | €8 | +€8 | |
| Credit institutions | 430/8 | - | €8 | +€8 | |
| Trade debts | 44 | €6,820 | €43,454 | +€36,634 | +537.2% |
| Suppliers | 440/4 | €6,820 | €43,454 | +€36,634 | +537.2% |
| Taxes, remuneration and social security | 45 | €4,420 | €4,446 | +€27 | +0.6% |
| Taxes | 450/3 | €4,420 | €4,446 | +€27 | +0.6% |
| Other amounts payable | 47/48 | €26,351 | €44,785 | +€18,434 | +70.0% |
| Accrued charges and deferred income | 492/3 | - | €197 | +€197 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,001 | €32,972 | +€8,971 | +37.4% |
| Gross operating margin | 9900 | €35,994 | -€11,923 | -€47,917 | |
| Operating profit (loss) | 9901 | €11,993 | -€44,895 | -€56,888 | |
| Financial charges | 65/66B | €99 | €2,083 | +€1,984 | +1994.5% |
| Recurring financial charges | 65 | €99 | €2,083 | +€1,984 | +1994.5% |
| Profit (loss) for the period before taxes | 9903 | €11,893 | -€46,978 | -€58,872 | |
| Transfer from deferred taxes | 780 | €1,446 | €1,446 | = | 0.0% |
| Income taxes | 67/77 | €4,420 | €27 | -€4,393 | -99.4% |
| Profit (loss) for the period | 9904 | €8,920 | -€45,559 | -€54,479 | |
| Transfer from tax-exempt reserves | 789 | €2,847 | €2,847 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,766 | -€42,712 | -€54,479 |
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 2 October 2026 via checked.be.