Cycle Concepts Belgium Studios: 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.
Cycle Concepts Belgium Studios
Largest movements
- Cash +€482,728
up €482,728 (+213%), from €226,209 to €708,937
mainly Trade debts (+€446,301) and Receivables within one year (+€405,420)
- Receivables within one year -€405,420
down €405,420 (-81.2%), from €499,213 to €93,793
of which Other amounts receivable: -€395,993
- Tangible fixed assets -€105,847
down €105,847 (-6.6%), from €1.6m to €1.5m
of which Other tangible fixed assets: -€120,301
- Financial fixed assets +€43,500
up €43,500 (+42.9%), from €101,500 to €145,000
- Deferred charges and accrued income -€41,697
down €41,697 (-89.6%), from €46,533 to €4,836
- Other debts -€466,351
down €466,351 (-19.2%), from €2.4m to €2.0m
- Trade debts +€446,301
up €446,301 (+1,157%), from €38,573 to €484,874
- Gross operating margin +€201,610
up €201,610 (+42.2%), from €477,931 to €679,541
- Staff costs +€190,286
up €190,286 (+105%), from €181,612 to €371,898
- Depreciation -€51,950
down €51,950 (-20.8%), from €250,091 to €198,141
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 | €2,468,825 | €2,442,088 | -€26,736 | -1.1% |
| Fixed assets | 21/28 | €1,696,871 | €1,634,523 | -€62,347 | -3.7% |
| Tangible fixed assets | 22/27 | €1,595,371 | €1,489,523 | -€105,847 | -6.6% |
| Plant, machinery and equipment | 23 | €199,388 | €213,841 | +€14,454 | +7.2% |
| Other tangible fixed assets | 26 | €1,395,983 | €1,275,682 | -€120,301 | -8.6% |
| Financial fixed assets | 28 | €101,500 | €145,000 | +€43,500 | +42.9% |
| Current assets | 29/58 | €771,954 | €807,565 | +€35,611 | +4.6% |
| Amounts receivable within one year | 40/41 | €499,213 | €93,793 | -€405,420 | -81.2% |
| Trade receivables | 40 | €103,220 | €93,793 | -€9,427 | -9.1% |
| Other amounts receivable | 41 | €395,993 | - | -€395,993 | |
| Cash at bank and in hand | 54/58 | €226,209 | €708,937 | +€482,728 | +213% |
| Deferred charges and accrued income | 490/1 | €46,533 | €4,836 | -€41,697 | -89.6% |
| Total equity and liabilities | 10/49 | €2,468,825 | €2,442,088 | -€26,736 | -1.1% |
| Equity | 10/15 | -€267,419 | -€276,764 | -€9,345 | -3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€272,419 | -€281,764 | -€9,345 | -3.4% |
| Amounts payable | 17/49 | €2,736,244 | €2,718,853 | -€17,391 | -0.6% |
| Amounts payable within one year | 42/48 | €2,487,355 | €2,478,789 | -€8,566 | -0.3% |
| Trade debts | 44 | €38,573 | €484,874 | +€446,301 | +1,157% |
| Suppliers | 440/4 | €38,573 | €484,874 | +€446,301 | +1,157% |
| Taxes, remuneration and social security | 45 | €22,052 | €33,536 | +€11,484 | +52.1% |
| Taxes | 450/3 | €3,298 | €3,615 | +€317 | +9.6% |
| Remuneration and social security | 454/9 | €18,754 | €29,921 | +€11,167 | +59.5% |
| Other amounts payable | 47/48 | €2,426,730 | €1,960,379 | -€466,351 | -19.2% |
| Accrued charges and deferred income | 492/3 | €248,889 | €240,064 | -€8,825 | -3.5% |
| Remuneration, social security and pensions | 62 | €181,612 | €371,898 | +€190,286 | +105% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,091 | €198,141 | -€51,950 | -20.8% |
| Other operating charges | 640/8 | €19,296 | €19,901 | +€605 | +3.1% |
| Gross operating margin | 9900 | €477,931 | €679,541 | +€201,610 | +42.2% |
| Operating profit (loss) | 9901 | €26,932 | €89,601 | +€62,669 | +233% |
| Financial income | 75/76B | - | €77 | +€77 | |
| Recurring financial income | 75 | - | €77 | +€77 | |
| Financial charges | 65/66B | €100,110 | €99,023 | -€1,087 | -1.1% |
| Recurring financial charges | 65 | €100,110 | €99,023 | -€1,087 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€73,177 | -€9,345 | +€63,832 | +87.2% |
| Profit (loss) for the period | 9904 | -€73,177 | -€9,345 | +€63,832 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,177 | -€9,345 | +€63,832 | +87.2% |
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.