CYC2: what changed
CYC2
Largest movements
- Cash +€36,777
up €36,777 (+115%), from €32,041 to €68,818
mainly Net result for the year (+€36,037) and Receivables within one year (+€32,335)
- Receivables within one year -€32,335
down €32,335 (-14.7%), from €219,359 to €187,023
of which Trade receivables: -€45,673
- Stocks and contracts -€20,119
down €20,119 (-35.6%), from €56,444 to €36,325
- Tangible fixed assets -€3,292
down €3,292 (-39.5%), from €8,331 to €5,038
- Profit (loss) carried forward -€15,963
down €15,963 (-12.1%), from €132,098 to €116,135
- Other debts -€8,000
down €8,000 (-13.3%), from €60,000 to €52,000
- Tax, wage and social debts +€7,447
up €7,447 (+21.5%), from €34,637 to €42,084
of which Taxes: +€5,997
- Gross operating margin -€46,636
down €46,636 (-16.9%), from €276,508 to €229,871
- Taxes -€13,338
down €13,338 (-47.3%), from €28,189 to €14,851
- Staff costs +€10,810
up €10,810 (+6.7%), from €160,297 to €171,107
- Financial charges -€7,096
down €7,096 (-68.1%), from €10,415 to €3,319
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,861 | €301,479 | -€19,381 | -6.0% |
| Fixed assets | 21/28 | €10,231 | €6,938 | -€3,292 | -32.2% |
| Tangible fixed assets | 22/27 | €8,331 | €5,038 | -€3,292 | -39.5% |
| Furniture and vehicles | 24 | €8,331 | €5,038 | -€3,292 | -39.5% |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €310,630 | €294,541 | -€16,089 | -5.2% |
| Stocks and contracts in progress | 3 | €56,444 | €36,325 | -€20,119 | -35.6% |
| Stocks | 30/36 | €56,444 | €36,325 | -€20,119 | -35.6% |
| Amounts receivable within one year | 40/41 | €219,359 | €187,023 | -€32,335 | -14.7% |
| Trade receivables | 40 | €200,990 | €155,316 | -€45,673 | -22.7% |
| Other amounts receivable | 41 | €18,369 | €31,707 | +€13,338 | +72.6% |
| Cash at bank and in hand | 54/58 | €32,041 | €68,818 | +€36,777 | +115% |
| Deferred charges and accrued income | 490/1 | €2,786 | €2,375 | -€411 | -14.8% |
| Total equity and liabilities | 10/49 | €320,861 | €301,479 | -€19,381 | -6.0% |
| Equity | 10/15 | €160,508 | €144,545 | -€15,963 | -9.9% |
| Contributions | 10/11 | €14,460 | €14,460 | = | 0.0% |
| Contributions outside capital | 11 | €14,460 | €14,460 | = | 0.0% |
| Other | 1109/19 | €14,460 | €14,460 | = | 0.0% |
| Reserves | 13 | €13,950 | €13,950 | = | 0.0% |
| Distributable reserves | 133 | €13,950 | €13,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,098 | €116,135 | -€15,963 | -12.1% |
| Amounts payable | 17/49 | €160,353 | €156,935 | -€3,418 | -2.1% |
| Amounts payable within one year | 42/48 | €160,135 | €156,846 | -€3,289 | -2.1% |
| Trade debts | 44 | €65,206 | €62,469 | -€2,736 | -4.2% |
| Suppliers | 440/4 | €65,206 | €62,469 | -€2,736 | -4.2% |
| Advances received on contracts in progress | 46 | €292 | €293 | +€1 | +0.3% |
| Taxes, remuneration and social security | 45 | €34,637 | €42,084 | +€7,447 | +21.5% |
| Taxes | 450/3 | €17,535 | €23,531 | +€5,997 | +34.2% |
| Remuneration and social security | 454/9 | €17,103 | €18,553 | +€1,450 | +8.5% |
| Other amounts payable | 47/48 | €60,000 | €52,000 | -€8,000 | -13.3% |
| Accrued charges and deferred income | 492/3 | €218 | €88 | -€129 | -59.4% |
| Remuneration, social security and pensions | 62 | €160,297 | €171,107 | +€10,810 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,646 | €3,292 | +€1,646 | +100.0% |
| Other operating charges | 640/8 | €724 | €1,266 | +€542 | +74.9% |
| Gross operating margin | 9900 | €276,508 | €229,871 | -€46,636 | -16.9% |
| Operating profit (loss) | 9901 | €113,841 | €54,207 | -€59,635 | -52.4% |
| Financial charges | 65/66B | €10,415 | €3,319 | -€7,096 | -68.1% |
| Recurring financial charges | 65 | €10,415 | €3,319 | -€7,096 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €103,426 | €50,888 | -€52,538 | -50.8% |
| Income taxes | 67/77 | €28,189 | €14,851 | -€13,338 | -47.3% |
| Profit (loss) for the period | 9904 | €75,237 | €36,037 | -€39,200 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €75,237 | €36,037 | -€39,200 | -52.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.