CYANAR: 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.
CYANAR
Largest movements
- Receivables within one year +€78,008
up €78,008 (+209.2%), from €37,286 to €115,294
of which Other amounts receivable: +€80,613
- Tangible fixed assets -€29,113
down €29,113 (-27.6%), from €105,674 to €76,561
- Deferred charges and accrued income +€7,574
new in 2025: €7,574
- Cash -€7,551
down €7,551 (-4.3%), from €176,024 to €168,472
mainly Contributions, distributions and other (-€97,500) and Receivables within one year (-€78,008)
- Other debts +€91,613
up €91,613 (+1020.3%), from €8,979 to €100,592
- Profit (loss) carried forward -€37,507
down €37,507 (-33.6%), from €111,693 to €74,186
- Debts after one year -€14,346
down €14,346 (-39.0%), from €36,829 to €22,483
- Trade debts +€14,051
up €14,051 (+33.1%), from €42,490 to €56,541
- Tax, wage and social debts -€6,843
down €6,843 (-31.2%), from €21,950 to €15,107
of which Remuneration and social security: -€5,574
- Gross operating margin -€22,742
down €22,742 (-7.7%), from €293,687 to €270,945
- Other operating charges +€7,392
up €7,392 (+285.1%), from €2,593 to €9,985
- Depreciation -€4,993
down €4,993 (-12.8%), from €38,892 to €33,899
- Taxes -€4,582
down €4,582 (-16.7%), from €27,397 to €22,815
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 | €392,963 | €439,453 | +€46,490 | +11.8% |
| Fixed assets | 21/28 | €108,604 | €79,491 | -€29,113 | -26.8% |
| Tangible fixed assets | 22/27 | €105,674 | €76,561 | -€29,113 | -27.6% |
| Plant, machinery and equipment | 23 | €28,163 | €19,060 | -€9,103 | -32.3% |
| Furniture and vehicles | 24 | €35,309 | €28,881 | -€6,428 | -18.2% |
| Other tangible fixed assets | 26 | €42,203 | €28,620 | -€13,583 | -32.2% |
| Financial fixed assets | 28 | €2,930 | €2,930 | = | 0.0% |
| Current assets | 29/58 | €284,359 | €359,962 | +€75,604 | +26.6% |
| Stocks and contracts in progress | 3 | €65,244 | €62,781 | -€2,463 | -3.8% |
| Stocks | 30/36 | €65,244 | €62,781 | -€2,463 | -3.8% |
| Amounts receivable within one year | 40/41 | €37,286 | €115,294 | +€78,008 | +209.2% |
| Trade receivables | 40 | €2,661 | €56 | -€2,605 | -97.9% |
| Other amounts receivable | 41 | €34,625 | €115,238 | +€80,613 | +232.8% |
| Current investments | 50/53 | €5,805 | €5,841 | +€36 | +0.6% |
| Cash at bank and in hand | 54/58 | €176,024 | €168,472 | -€7,551 | -4.3% |
| Deferred charges and accrued income | 490/1 | - | €7,574 | +€7,574 | |
| Total equity and liabilities | 10/49 | €392,963 | €439,453 | +€46,490 | +11.8% |
| Equity | 10/15 | €268,368 | €230,384 | -€37,985 | -14.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €150,478 | €150,000 | -€478 | -0.3% |
| Tax-exempt reserves | 132 | €478 | - | -€478 | |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,693 | €74,186 | -€37,507 | -33.6% |
| Provisions and deferred taxes | 16 | €493 | - | -€493 | |
| Deferred taxes | 168 | €493 | - | -€493 | |
| Amounts payable | 17/49 | €124,101 | €209,069 | +€84,968 | +68.5% |
| Amounts payable after more than one year | 17 | €36,829 | €22,483 | -€14,346 | -39.0% |
| Financial debts | 170/4 | €36,829 | €22,483 | -€14,346 | -39.0% |
| Amounts payable within one year | 42/48 | €87,272 | €186,586 | +€99,314 | +113.8% |
| Current portion of amounts payable after more than one year | 42 | €13,854 | €14,346 | +€493 | +3.6% |
| Trade debts | 44 | €42,490 | €56,541 | +€14,051 | +33.1% |
| Suppliers | 440/4 | €42,490 | €56,541 | +€14,051 | +33.1% |
| Taxes, remuneration and social security | 45 | €21,950 | €15,107 | -€6,843 | -31.2% |
| Taxes | 450/3 | €2,583 | €1,314 | -€1,269 | -49.1% |
| Remuneration and social security | 454/9 | €19,367 | €13,793 | -€5,574 | -28.8% |
| Other amounts payable | 47/48 | €8,979 | €100,592 | +€91,613 | +1020.3% |
| Remuneration, social security and pensions | 62 | €146,480 | €144,139 | -€2,341 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,892 | €33,899 | -€4,993 | -12.8% |
| Other operating charges | 640/8 | €2,593 | €9,985 | +€7,392 | +285.1% |
| Gross operating margin | 9900 | €293,687 | €270,945 | -€22,742 | -7.7% |
| Operating profit (loss) | 9901 | €105,722 | €82,923 | -€22,799 | -21.6% |
| Financial income | 75/76B | €6,991 | €8,519 | +€1,528 | +21.9% |
| Recurring financial income | 75 | €6,991 | €8,519 | +€1,528 | +21.9% |
| Financial charges | 65/66B | €6,723 | €9,604 | +€2,881 | +42.8% |
| Recurring financial charges | 65 | €6,723 | €9,604 | +€2,881 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €105,989 | €81,837 | -€24,152 | -22.8% |
| Transfer from deferred taxes | 780 | €556 | €493 | -€63 | -11.3% |
| Income taxes | 67/77 | €27,397 | €22,815 | -€4,582 | -16.7% |
| Profit (loss) for the period | 9904 | €79,148 | €59,515 | -€19,633 | -24.8% |
| Transfer from tax-exempt reserves | 789 | €1,668 | €478 | -€1,190 | -71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,816 | €59,993 | -€20,823 | -25.8% |
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 11 October 2026 via checked.be.