Cyano: 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.
Cyano
Largest movements
- Tangible fixed assets +€69,107
up €69,107 (+7.3%), from €951,689 to €1.0m
of which Furniture and vehicles: +€73,290
- Cash -€34,873
down €34,873 (-39.3%), from €88,697 to €53,824
mainly Investment in fixed assets (net) (-€126,616) and Deferred charges and accrued income (-€20,543)
- Deferred charges and accrued income +€20,543
up €20,543 (+455%), from €4,517 to €25,059
- Other debts +€52,730
up €52,730 (+5.4%), from €976,202 to €1.0m
- Gross operating margin -€24,093
down €24,093 (-24.8%), from €97,020 to €72,928
- Depreciation +€17,842
up €17,842 (+45.0%), from €39,666 to €57,509
- Taxes -€11,010
down €11,010 (-85.7%), from €12,845 to €1,835
- Financial charges +€3,017
up €3,017 (+79.1%), from €3,812 to €6,829
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 | €1,064,852 | €1,123,453 | +€58,602 | +5.5% |
| Fixed assets | 21/28 | €951,689 | €1,020,796 | +€69,107 | +7.3% |
| Tangible fixed assets | 22/27 | €951,689 | €1,020,796 | +€69,107 | +7.3% |
| Land and buildings | 22 | €947,294 | €939,479 | -€7,815 | -0.8% |
| Plant, machinery and equipment | 23 | €3,450 | €7,082 | +€3,632 | +105% |
| Furniture and vehicles | 24 | €945 | €74,235 | +€73,290 | +7,755% |
| Current assets | 29/58 | €113,163 | €102,657 | -€10,505 | -9.3% |
| Amounts receivable within one year | 40/41 | €19,949 | €23,774 | +€3,825 | +19.2% |
| Trade receivables | 40 | €19,691 | €1,609 | -€18,082 | -91.8% |
| Other amounts receivable | 41 | €258 | €22,165 | +€21,907 | +8,483% |
| Cash at bank and in hand | 54/58 | €88,697 | €53,824 | -€34,873 | -39.3% |
| Deferred charges and accrued income | 490/1 | €4,517 | €25,059 | +€20,543 | +455% |
| Total equity and liabilities | 10/49 | €1,064,852 | €1,123,453 | +€58,602 | +5.5% |
| Equity | 10/15 | €70,255 | €73,504 | +€3,249 | +4.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €68,755 | €72,004 | +€3,249 | +4.7% |
| Distributable reserves | 133 | €68,755 | €72,004 | +€3,249 | +4.7% |
| Amounts payable | 17/49 | €994,597 | €1,049,950 | +€55,353 | +5.6% |
| Amounts payable within one year | 42/48 | €992,953 | €1,049,609 | +€56,656 | +5.7% |
| Trade debts | 44 | €259 | €201 | -€57 | -22.1% |
| Suppliers | 440/4 | €259 | €201 | -€57 | -22.1% |
| Taxes, remuneration and social security | 45 | €16,492 | €20,475 | +€3,983 | +24.2% |
| Taxes | 450/3 | €16,492 | €20,475 | +€3,983 | +24.2% |
| Other amounts payable | 47/48 | €976,202 | €1,028,933 | +€52,730 | +5.4% |
| Accrued charges and deferred income | 492/3 | €1,644 | €341 | -€1,303 | -79.3% |
| Remuneration, social security and pensions | 62 | €2,382 | €2,110 | -€272 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,666 | €57,509 | +€17,842 | +45.0% |
| Other operating charges | 640/8 | €1,004 | €1,398 | +€394 | +39.2% |
| Gross operating margin | 9900 | €97,020 | €72,928 | -€24,093 | -24.8% |
| Operating profit (loss) | 9901 | €53,968 | €11,911 | -€42,057 | -77.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €3,812 | €6,829 | +€3,017 | +79.1% |
| Recurring financial charges | 65 | €3,812 | €6,829 | +€3,017 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €50,156 | €5,084 | -€45,072 | -89.9% |
| Income taxes | 67/77 | €12,845 | €1,835 | -€11,010 | -85.7% |
| Profit (loss) for the period | 9904 | €37,311 | €3,249 | -€34,062 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,311 | €3,249 | -€34,062 | -91.3% |
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 25 October 2026 via checked.be.