CYBACOR: 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.
CYBACOR
Largest movements
- Receivables within one year +€28,548
up €28,548 (+66.0%), from €43,235 to €71,783
of which Other amounts receivable: +€35,754
- Cash -€24,112
down €24,112 (-39.3%), from €61,411 to €37,299
mainly Receivables within one year (-€28,548) and Tax, wage and social debts (-€3,641)
- Deferred charges and accrued income +€3,467
up €3,467 (+56.4%), from €6,146 to €9,613
- Trade debts +€10,082
up €10,082 (+105%), from €9,647 to €19,729
- Tax, wage and social debts -€3,641
down €3,641 (-21.9%), from €16,590 to €12,949
- Gross operating margin -€2,842
down €2,842 (-23.6%), from €12,057 to €9,215
- Financial income +€1,531
new in 2025: €1,531
- Other operating charges +€677
up €677 (+174%), from €388 to €1,065
- Financial charges +€452
up €452 (+7.4%), from €6,092 to €6,544
- Taxes -€149
down €149 (-8.2%), from €1,825 to €1,676
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 | €114,220 | €121,731 | +€7,511 | +6.6% |
| Fixed assets | 21/28 | €3,428 | €3,036 | -€392 | -11.4% |
| Tangible fixed assets | 22/27 | €3,428 | €3,036 | -€392 | -11.4% |
| Other tangible fixed assets | 26 | €3,428 | €3,036 | -€392 | -11.4% |
| Current assets | 29/58 | €110,792 | €118,695 | +€7,903 | +7.1% |
| Amounts receivable within one year | 40/41 | €43,235 | €71,783 | +€28,548 | +66.0% |
| Trade receivables | 40 | €33,686 | €26,480 | -€7,206 | -21.4% |
| Other amounts receivable | 41 | €9,549 | €45,303 | +€35,754 | +374% |
| Cash at bank and in hand | 54/58 | €61,411 | €37,299 | -€24,112 | -39.3% |
| Deferred charges and accrued income | 490/1 | €6,146 | €9,613 | +€3,467 | +56.4% |
| Total equity and liabilities | 10/49 | €114,220 | €121,731 | +€7,511 | +6.6% |
| Equity | 10/15 | €87,983 | €89,053 | +€1,070 | +1.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €84,483 | €85,553 | +€1,070 | +1.3% |
| Distributable reserves | 133 | €84,483 | €85,553 | +€1,070 | +1.3% |
| Amounts payable | 17/49 | €26,237 | €32,679 | +€6,442 | +24.6% |
| Amounts payable within one year | 42/48 | €26,237 | €32,679 | +€6,442 | +24.6% |
| Trade debts | 44 | €9,647 | €19,729 | +€10,082 | +105% |
| Suppliers | 440/4 | €9,647 | €19,729 | +€10,082 | +105% |
| Taxes, remuneration and social security | 45 | €16,590 | €12,949 | -€3,641 | -21.9% |
| Taxes | 450/3 | €16,590 | €12,949 | -€3,641 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €392 | -€65 | -14.3% |
| Other operating charges | 640/8 | €388 | €1,065 | +€677 | +174% |
| Gross operating margin | 9900 | €12,057 | €9,215 | -€2,842 | -23.6% |
| Operating profit (loss) | 9901 | €11,212 | €7,759 | -€3,453 | -30.8% |
| Financial income | 75/76B | - | €1,531 | +€1,531 | |
| Recurring financial income | 75 | - | €1,531 | +€1,531 | |
| Financial charges | 65/66B | €6,092 | €6,544 | +€452 | +7.4% |
| Recurring financial charges | 65 | €6,092 | €6,544 | +€452 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €5,120 | €2,745 | -€2,375 | -46.4% |
| Income taxes | 67/77 | €1,825 | €1,676 | -€149 | -8.2% |
| Profit (loss) for the period | 9904 | €3,295 | €1,069 | -€2,226 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,295 | €1,069 | -€2,226 | -67.5% |
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 14 October 2026 via checked.be.