CYBELLE: 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.
CYBELLE
Largest movements
- Current investments +€3.0m
new in 2025: €3.0m
- Financial fixed assets -€1.6m
down €1.6m (-3.8%), from €41.7m to €40.1m
- Profit (loss) carried forward +€2.4m
up €2.4m (+11.1%), from €21.4m to €23.8m
- Short-term financial debts -€600,000
no longer reported in 2025 (was €600,000)
- Financial charges +€1.6m
up €1.6m (+288%), from €550,143 to €2.1m
of which Non-recurring financial charges: +€1.6m
- Financial income +€1.4m
up €1.4m (+40.3%), from €3.5m to €5.0m
- Taxes -€39,381
no longer reported in 2025 (was €39,381)
- Gross operating margin +€5,226
up €5,226 (+1.1%), from -€478,089 to -€472,863
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 | €42,043,888 | €43,543,661 | +€1.5m | +3.6% |
| Fixed assets | 21/28 | €41,684,624 | €40,084,624 | -€1.6m | -3.8% |
| Financial fixed assets | 28 | €41,684,624 | €40,084,624 | -€1.6m | -3.8% |
| Current assets | 29/58 | €359,264 | €3,459,037 | +€3.1m | +863% |
| Amounts receivable within one year | 40/41 | €108,955 | €39,897 | -€69,058 | -63.4% |
| Trade receivables | 40 | €84,381 | €33,482 | -€50,899 | -60.3% |
| Other amounts receivable | 41 | €24,574 | €6,415 | -€18,159 | -73.9% |
| Current investments | 50/53 | - | €3,000,000 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €250,309 | €415,397 | +€165,088 | +66.0% |
| Deferred charges and accrued income | 490/1 | - | €3,743 | +€3,743 | |
| Total equity and liabilities | 10/49 | €42,043,888 | €43,543,661 | +€1.5m | +3.6% |
| Equity | 10/15 | €40,976,614 | €43,345,775 | +€2.4m | +5.8% |
| Contributions | 10/11 | €17,500,000 | €17,500,000 | = | 0.0% |
| Capital | 10 | €17,500,000 | €17,500,000 | = | 0.0% |
| Issued capital | 100 | €17,500,000 | €17,500,000 | = | 0.0% |
| Reserves | 13 | €2,090,001 | €2,090,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,090,001 | €2,090,001 | = | 0.0% |
| Legal reserve | 130 | €2,090,001 | €2,090,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,386,612 | €23,755,773 | +€2.4m | +11.1% |
| Amounts payable | 17/49 | €1,067,274 | €197,886 | -€869,388 | -81.5% |
| Amounts payable within one year | 42/48 | €1,034,462 | €167,543 | -€866,919 | -83.8% |
| Financial debts | 43 | €600,000 | - | -€600,000 | |
| Other loans | 439 | €600,000 | - | -€600,000 | |
| Trade debts | 44 | €184,462 | €167,543 | -€16,919 | -9.2% |
| Suppliers | 440/4 | €184,462 | €167,543 | -€16,919 | -9.2% |
| Other amounts payable | 47/48 | €250,000 | - | -€250,000 | |
| Accrued charges and deferred income | 492/3 | €32,812 | €30,343 | -€2,469 | -7.5% |
| Non-recurring operating income | 76A | - | €1,115 | +€1,115 | |
| Other operating charges | 640/8 | €100 | €100 | = | 0.0% |
| Gross operating margin | 9900 | -€478,089 | -€472,863 | +€5,226 | +1.1% |
| Operating profit (loss) | 9901 | -€478,189 | -€472,963 | +€5,226 | +1.1% |
| Financial income | 75/76B | €3,548,216 | €4,977,298 | +€1.4m | +40.3% |
| Recurring financial income | 75 | €3,548,216 | €4,977,298 | +€1.4m | +40.3% |
| Financial charges | 65/66B | €550,143 | €2,135,174 | +€1.6m | +288% |
| Recurring financial charges | 65 | €8,811 | €11,672 | +€2,860 | +32.5% |
| Non-recurring financial charges | 66B | €541,332 | €2,123,502 | +€1.6m | +292% |
| Profit (loss) for the period before taxes | 9903 | €2,519,883 | €2,369,161 | -€150,722 | -6.0% |
| Income taxes | 67/77 | €39,381 | - | -€39,381 | |
| Profit (loss) for the period | 9904 | €2,480,503 | €2,369,161 | -€111,342 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,480,503 | €2,369,161 | -€111,342 | -4.5% |
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 16 October 2026 via checked.be.