CYCLE HOME: 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 HOME
Largest movements
- Stocks and contracts +€36,615
up €36,615 (+9.2%), from €396,713 to €433,328
- Intangible fixed assets +€25,600
up €25,600 (+172%), from €14,913 to €40,513
- Financial fixed assets +€11,052
up €11,052 (+4,428%), from €250 to €11,302
- Cash -€7,461
down €7,461 (-60.3%), from €12,383 to €4,922
mainly Short-term financial debts (-€125,946) and Trade debts (-€83,689)
- Tax, wage and social debts +€127,070
up €127,070 (+138%), from €91,993 to €219,063
of which Taxes: +€132,944
- Short-term financial debts -€125,946
down €125,946 (-100%), from €125,946 to €0
- Trade debts -€83,689
down €83,689 (-84.8%), from €98,649 to €14,960
- Debts after one year +€74,704
up €74,704 (+165%), from €45,398 to €120,102
- Profit (loss) carried forward +€34,377
up €34,377 (+268%), from €12,843 to €47,220
- Gross operating margin +€72,780
up €72,780 (+46.4%), from €156,817 to €229,596
- Other operating charges +€19,873
up €19,873 (+711%), from €2,797 to €22,670
- Taxes +€17,047
up €17,047 (+311%), from €5,474 to €22,521
- Financial income -€16,004
down €16,004 (-93.2%), from €17,172 to €1,168
- Financial charges +€11,864
up €11,864 (+109%), from €10,838 to €22,702
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €507,480 | €564,125 | +€56,645 | +11.2% |
| Fixed assets | 21/28 | €36,192 | €68,243 | +€32,050 | +88.6% |
| Intangible fixed assets | 21 | €14,913 | €40,513 | +€25,600 | +172% |
| Tangible fixed assets | 22/27 | €21,030 | €16,427 | -€4,602 | -21.9% |
| Plant, machinery and equipment | 23 | €472 | €365 | -€107 | -22.7% |
| Furniture and vehicles | 24 | €20,557 | €16,063 | -€4,495 | -21.9% |
| Financial fixed assets | 28 | €250 | €11,302 | +€11,052 | +4,428% |
| Current assets | 29/58 | €471,288 | €495,883 | +€24,595 | +5.2% |
| Stocks and contracts in progress | 3 | €396,713 | €433,328 | +€36,615 | +9.2% |
| Stocks | 30/36 | €396,713 | €433,328 | +€36,615 | +9.2% |
| Amounts receivable within one year | 40/41 | €61,365 | €57,633 | -€3,732 | -6.1% |
| Trade receivables | 40 | €45,242 | €44 | -€45,198 | -99.9% |
| Other amounts receivable | 41 | €16,124 | €57,589 | +€41,465 | +257% |
| Cash at bank and in hand | 54/58 | €12,383 | €4,922 | -€7,461 | -60.3% |
| Deferred charges and accrued income | 490/1 | €826 | €0 | -€826 | -100% |
| Total equity and liabilities | 10/49 | €507,480 | €564,125 | +€56,645 | +11.2% |
| Equity | 10/15 | €45,843 | €80,220 | +€34,377 | +75.0% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,843 | €47,220 | +€34,377 | +268% |
| Amounts payable | 17/49 | €461,637 | €483,905 | +€22,269 | +4.8% |
| Amounts payable after more than one year | 17 | €45,398 | €120,102 | +€74,704 | +165% |
| Financial debts | 170/4 | €45,398 | €120,102 | +€74,704 | +165% |
| Amounts payable within one year | 42/48 | €413,022 | €363,803 | -€49,219 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €26,046 | €49,952 | +€23,906 | +91.8% |
| Financial debts | 43 | €125,946 | €0 | -€125,946 | -100% |
| Credit institutions | 430/8 | €125,946 | €0 | -€125,946 | -100% |
| Trade debts | 44 | €98,649 | €14,960 | -€83,689 | -84.8% |
| Suppliers | 440/4 | €98,649 | €14,960 | -€83,689 | -84.8% |
| Taxes, remuneration and social security | 45 | €91,993 | €219,063 | +€127,070 | +138% |
| Taxes | 450/3 | €78,212 | €211,156 | +€132,944 | +170% |
| Remuneration and social security | 454/9 | €13,781 | €7,906 | -€5,875 | -42.6% |
| Other amounts payable | 47/48 | €70,387 | €79,829 | +€9,441 | +13.4% |
| Accrued charges and deferred income | 492/3 | €3,216 | €0 | -€3,216 | -100% |
| Remuneration, social security and pensions | 62 | €96,090 | €107,813 | +€11,723 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,633 | €20,682 | +€8,049 | +63.7% |
| Other operating charges | 640/8 | €2,797 | €22,670 | +€19,873 | +711% |
| Non-recurring operating charges | 66A | €40 | €0 | -€40 | -100% |
| Gross operating margin | 9900 | €156,817 | €229,596 | +€72,780 | +46.4% |
| Operating profit (loss) | 9901 | €45,256 | €78,431 | +€33,175 | +73.3% |
| Financial income | 75/76B | €17,172 | €1,168 | -€16,004 | -93.2% |
| Recurring financial income | 75 | €17,172 | €1,168 | -€16,004 | -93.2% |
| Financial charges | 65/66B | €10,838 | €22,702 | +€11,864 | +109% |
| Recurring financial charges | 65 | €10,838 | €22,702 | +€11,864 | +109% |
| Profit (loss) for the period before taxes | 9903 | €51,590 | €56,898 | +€5,308 | +10.3% |
| Income taxes | 67/77 | €5,474 | €22,521 | +€17,047 | +311% |
| Profit (loss) for the period | 9904 | €46,116 | €34,377 | -€11,739 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,116 | €34,377 | -€11,739 | -25.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.