Cybel: 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.
Cybel
Largest movements
- Cash -€42,020
down €42,020 (-34.3%), from €122,478 to €80,457
mainly Contributions, distributions and other (-€82,510) and Deferred charges and accrued income (-€13,018)
- Tangible fixed assets -€17,820
down €17,820 (-21.2%), from €84,065 to €66,245
- Deferred charges and accrued income +€13,018
up €13,018 (+1,886%), from €690 to €13,708
- Receivables within one year +€2,764
up €2,764 (+26.6%), from €10,386 to €13,150
of which Other amounts receivable: +€2,427
- Profit (loss) carried forward -€46,368
down €46,368 (-68.7%), from €67,510 to €21,142
- Other debts +€18,008
up €18,008 (+18.9%), from €95,486 to €113,493
- Tax, wage and social debts -€9,291
down €9,291 (-27.0%), from €34,440 to €25,150
of which Remuneration and social security: -€6,561
- Trade debts -€5,338
down €5,338 (-45.4%), from €11,750 to €6,412
- Gross operating margin -€25,378
down €25,378 (-11.0%), from €231,602 to €206,223
- Staff costs +€14,856
up €14,856 (+12.6%), from €117,932 to €132,788
- Taxes -€8,906
down €8,906 (-48.7%), from €18,300 to €9,393
- Depreciation +€3,503
up €3,503 (+17.2%), from €20,405 to €23,908
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 | €219,187 | €176,198 | -€42,989 | -19.6% |
| Fixed assets | 21/28 | €84,065 | €66,245 | -€17,820 | -21.2% |
| Tangible fixed assets | 22/27 | €84,065 | €66,245 | -€17,820 | -21.2% |
| Plant, machinery and equipment | 23 | €25,157 | €16,394 | -€8,763 | -34.8% |
| Furniture and vehicles | 24 | €13,945 | €11,559 | -€2,385 | -17.1% |
| Other tangible fixed assets | 26 | €44,963 | €38,291 | -€6,672 | -14.8% |
| Current assets | 29/58 | €135,122 | €109,953 | -€25,169 | -18.6% |
| Stocks and contracts in progress | 3 | €1,568 | €2,638 | +€1,070 | +68.2% |
| Stocks | 30/36 | €1,568 | €2,638 | +€1,070 | +68.2% |
| Amounts receivable within one year | 40/41 | €10,386 | €13,150 | +€2,764 | +26.6% |
| Trade receivables | 40 | €5,186 | €5,523 | +€337 | +6.5% |
| Other amounts receivable | 41 | €5,200 | €7,627 | +€2,427 | +46.7% |
| Cash at bank and in hand | 54/58 | €122,478 | €80,457 | -€42,020 | -34.3% |
| Deferred charges and accrued income | 490/1 | €690 | €13,708 | +€13,018 | +1,886% |
| Total equity and liabilities | 10/49 | €219,187 | €176,198 | -€42,989 | -19.6% |
| Equity | 10/15 | €77,510 | €31,142 | -€46,368 | -59.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,510 | €21,142 | -€46,368 | -68.7% |
| Amounts payable | 17/49 | €141,677 | €145,056 | +€3,379 | +2.4% |
| Amounts payable within one year | 42/48 | €141,677 | €145,056 | +€3,379 | +2.4% |
| Trade debts | 44 | €11,750 | €6,412 | -€5,338 | -45.4% |
| Suppliers | 440/4 | €11,750 | €6,412 | -€5,338 | -45.4% |
| Taxes, remuneration and social security | 45 | €34,440 | €25,150 | -€9,291 | -27.0% |
| Taxes | 450/3 | €19,605 | €16,876 | -€2,729 | -13.9% |
| Remuneration and social security | 454/9 | €14,836 | €8,274 | -€6,561 | -44.2% |
| Other amounts payable | 47/48 | €95,486 | €113,493 | +€18,008 | +18.9% |
| Remuneration, social security and pensions | 62 | €117,932 | €132,788 | +€14,856 | +12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,405 | €23,908 | +€3,503 | +17.2% |
| Other operating charges | 640/8 | €282 | €811 | +€529 | +187% |
| Gross operating margin | 9900 | €231,602 | €206,223 | -€25,378 | -11.0% |
| Operating profit (loss) | 9901 | €92,982 | €48,716 | -€44,266 | -47.6% |
| Financial income | 75/76B | €203 | €1,301 | +€1,098 | +540% |
| Recurring financial income | 75 | €203 | €1,301 | +€1,098 | +540% |
| Financial charges | 65/66B | €2,773 | €4,481 | +€1,708 | +61.6% |
| Recurring financial charges | 65 | €2,773 | €4,481 | +€1,708 | +61.6% |
| Profit (loss) for the period before taxes | 9903 | €90,412 | €45,535 | -€44,876 | -49.6% |
| Income taxes | 67/77 | €18,300 | €9,393 | -€8,906 | -48.7% |
| Profit (loss) for the period | 9904 | €72,112 | €36,142 | -€35,970 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,112 | €36,142 | -€35,970 | -49.9% |
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 26 October 2026 via checked.be.