CY Projects: 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.
CY Projects
Largest movements
- Cash +€20,802
up €20,802 (+57.6%), from €36,140 to €56,942
mainly Other debts (+€12,626) and Net result for the year (+€4,765)
- Tangible fixed assets -€1,533
down €1,533 (-27.8%), from €5,512 to €3,978
of which Other tangible fixed assets: -€928
- Other debts +€12,626
up €12,626 (+31.4%), from €40,183 to €52,809
- Reserves +€4,765
up €4,765 (+128%), from €3,726 to €8,491
- Trade debts +€1,864
new in 2025: €1,864
- Accrued charges and deferred income -€1,268
down €1,268 (-43.2%), from €2,935 to €1,667
- Tax, wage and social debts +€1,025
up €1,025 (+64.8%), from €1,582 to €2,607
- Gross operating margin -€1,254
down €1,254 (-10.0%), from €12,592 to €11,338
- Financial charges -€1,193
down €1,193 (-37.7%), from €3,167 to €1,973
- Taxes +€811
up €811 (+48.6%), from €1,670 to €2,481
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 | €48,427 | €67,439 | +€19,012 | +39.3% |
| Fixed assets | 21/28 | €5,512 | €3,978 | -€1,533 | -27.8% |
| Tangible fixed assets | 22/27 | €5,512 | €3,978 | -€1,533 | -27.8% |
| Furniture and vehicles | 24 | €606 | - | -€606 | |
| Other tangible fixed assets | 26 | €4,906 | €3,978 | -€928 | -18.9% |
| Current assets | 29/58 | €42,915 | €63,461 | +€20,545 | +47.9% |
| Amounts receivable within one year | 40/41 | €6,775 | €6,464 | -€311 | -4.6% |
| Trade receivables | 40 | €5,445 | €5,445 | = | 0.0% |
| Other amounts receivable | 41 | €1,330 | €1,019 | -€311 | -23.4% |
| Cash at bank and in hand | 54/58 | €36,140 | €56,942 | +€20,802 | +57.6% |
| Deferred charges and accrued income | 490/1 | - | €55 | +€55 | |
| Total equity and liabilities | 10/49 | €48,427 | €67,439 | +€19,012 | +39.3% |
| Equity | 10/15 | €3,727 | €8,492 | +€4,765 | +128% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €3,726 | €8,491 | +€4,765 | +128% |
| Distributable reserves | 133 | €3,726 | €8,491 | +€4,765 | +128% |
| Amounts payable | 17/49 | €44,700 | €58,947 | +€14,247 | +31.9% |
| Amounts payable within one year | 42/48 | €41,765 | €57,280 | +€15,515 | +37.1% |
| Trade debts | 44 | - | €1,864 | +€1,864 | |
| Suppliers | 440/4 | - | €1,864 | +€1,864 | |
| Taxes, remuneration and social security | 45 | €1,582 | €2,607 | +€1,025 | +64.8% |
| Taxes | 450/3 | €1,582 | €2,607 | +€1,025 | +64.8% |
| Other amounts payable | 47/48 | €40,183 | €52,809 | +€12,626 | +31.4% |
| Accrued charges and deferred income | 492/3 | €2,935 | €1,667 | -€1,268 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | €1,533 | -€66 | -4.1% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €12,592 | €11,338 | -€1,254 | -10.0% |
| Operating profit (loss) | 9901 | €10,423 | €9,219 | -€1,204 | -11.6% |
| Financial charges | 65/66B | €3,167 | €1,973 | -€1,193 | -37.7% |
| Recurring financial charges | 65 | €3,167 | €1,973 | -€1,193 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €7,257 | €7,246 | -€11 | -0.1% |
| Income taxes | 67/77 | €1,670 | €2,481 | +€811 | +48.6% |
| Profit (loss) for the period | 9904 | €5,587 | €4,765 | -€822 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,587 | €4,765 | -€822 | -14.7% |
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 18 October 2026 via checked.be.