CYCLES IMP: what changed
Two fiscal 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.
CYCLES IMP
Largest movements
- Cash -€373,191
down €373,191 (-78.4%), from €476,047 to €102,856
mainly Contributions, distributions and other (-€512,068) and Receivables within one year (-€105,725)
- Tangible fixed assets -€129,025
down €129,025 (-21.4%), from €603,641 to €474,616
of which Other tangible fixed assets: -€120,609
- Receivables within one year +€105,725
up €105,725 (+93.7%), from €112,848 to €218,573
of which Trade receivables: +€127,970
- Deferred charges and accrued income +€12,417
up €12,417 (+2817.4%), from €441 to €12,857
- Reserves -€500,000
down €500,000 (-86.7%), from €576,599 to €76,599
of which Distributable reserves: -€500,000
- Profit (loss) carried forward +€86,868
up €86,868 (+23.1%), from €376,296 to €463,164
- Trade debts +€35,825
up €35,825 (+49.6%), from €72,211 to €108,035
- Tax, wage and social debts +€23,165
up €23,165 (+78.2%), from €29,625 to €52,790
- Other debts -€19,286
down €19,286 (-95.6%), from €20,182 to €896
- Goods and materials -€4.3m
down €4.3m (-99.2%), from €4.3m to €33,961
of which Purchases: -€2.4m
- Turnover -€2.4m
down €2.4m (-70.5%), from €3.4m to €990,725
- Other operating income -€2.0m
down €2.0m (-96.9%), from €2.0m to €62,329
- Services and other goods -€411,903
down €411,903 (-59.5%), from €692,103 to €280,200
- Staff costs +€100,699
up €100,699 (+23.3%), from €431,515 to €532,213
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.
Cash bridge derived
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 | €1,198,421 | €808,903 | -€389,519 | -32.5% |
| Fixed assets | 21/28 | €609,085 | €474,616 | -€134,469 | -22.1% |
| Intangible fixed assets | 21 | €331 | - | -€331 | |
| Tangible fixed assets | 22/27 | €603,641 | €474,616 | -€129,025 | -21.4% |
| Plant, machinery and equipment | 23 | €5,293 | - | -€5,293 | |
| Furniture and vehicles | 24 | €5,532 | €2,409 | -€3,123 | -56.5% |
| Other tangible fixed assets | 26 | €592,816 | €472,207 | -€120,609 | -20.3% |
| Financial fixed assets | 28 | €5,113 | - | -€5,113 | |
| Other financial fixed assets | 284/8 | €5,113 | - | -€5,113 | |
| Shares | 284 | €5,113 | - | -€5,113 | |
| Current assets | 29/58 | €589,336 | €334,286 | -€255,050 | -43.3% |
| Amounts receivable within one year | 40/41 | €112,848 | €218,573 | +€105,725 | +93.7% |
| Trade receivables | 40 | €86,119 | €214,089 | +€127,970 | +148.6% |
| Other amounts receivable | 41 | €26,730 | €4,484 | -€22,245 | -83.2% |
| Cash at bank and in hand | 54/58 | €476,047 | €102,856 | -€373,191 | -78.4% |
| Deferred charges and accrued income | 490/1 | €441 | €12,857 | +€12,417 | +2817.4% |
| Total equity and liabilities | 10/49 | €1,198,421 | €808,903 | -€389,519 | -32.5% |
| Equity | 10/15 | €1,053,273 | €628,073 | -€425,200 | -40.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €576,599 | €76,599 | -€500,000 | -86.7% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €573,500 | €73,500 | -€500,000 | -87.2% |
| Profit (loss) carried forward | 14 | €376,296 | €463,164 | +€86,868 | +23.1% |
| Investment grants | 15 | €69,392 | €57,323 | -€12,068 | -17.4% |
| Provisions and deferred taxes | 16 | €23,130 | €19,108 | -€4,023 | -17.4% |
| Deferred taxes | 168 | €23,130 | €19,108 | -€4,023 | -17.4% |
| Amounts payable | 17/49 | €122,018 | €161,722 | +€39,704 | +32.5% |
| Amounts payable within one year | 42/48 | €122,018 | €161,722 | +€39,704 | +32.5% |
| Trade debts | 44 | €72,211 | €108,035 | +€35,825 | +49.6% |
| Suppliers | 440/4 | €72,211 | €108,035 | +€35,825 | +49.6% |
| Taxes, remuneration and social security | 45 | €29,625 | €52,790 | +€23,165 | +78.2% |
| Remuneration and social security | 454/9 | €29,625 | €52,790 | +€23,165 | +78.2% |
| Other amounts payable | 47/48 | €20,182 | €896 | -€19,286 | -95.6% |
| Operating income | 70/76A | €5,392,654 | €1,053,055 | -€4.3m | -80.5% |
| Turnover | 70 | €3,363,096 | €990,725 | -€2.4m | -70.5% |
| Other operating income | 74 | €2,029,557 | €62,329 | -€2.0m | -96.9% |
| Operating charges | 60/66A | €5,608,376 | €995,528 | -€4.6m | -82.2% |
| Goods for resale, raw materials and consumables | 60 | €4,317,246 | €33,961 | -€4.3m | -99.2% |
| Purchases | 600/8 | €2,397,598 | €33,961 | -€2.4m | -98.6% |
| Change in stocks: decrease (increase) | 609 | €1,919,648 | - | -€1.9m | |
| Services and other goods | 61 | €692,103 | €280,200 | -€411,903 | -59.5% |
| Remuneration, social security and pensions | 62 | €431,515 | €532,213 | +€100,699 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,729 | €129,356 | +€2,627 | +2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,259 | €1,220 | -€3,039 | -71.3% |
| Other operating charges | 640/8 | €36,525 | €18,578 | -€17,947 | -49.1% |
| Operating profit (loss) | 9901 | -€215,723 | €57,527 | +€273,250 | |
| Financial income | 75/76B | €12,122 | €26,765 | +€14,643 | +120.8% |
| Recurring financial income | 75 | €12,122 | €26,765 | +€14,643 | +120.8% |
| Income from financial fixed assets | 750 | €53 | - | -€53 | |
| Income from current assets | 751 | - | €14,544 | +€14,544 | |
| Other financial income | 752/9 | €12,068 | €12,220 | +€152 | +1.3% |
| Financial charges | 65/66B | €62,955 | €1,446 | -€61,509 | -97.7% |
| Recurring financial charges | 65 | €62,955 | €1,446 | -€61,509 | -97.7% |
| Debt charges | 650 | €53,914 | - | -€53,914 | |
| Other financial charges | 652/9 | €9,041 | €1,446 | -€7,595 | -84.0% |
| Profit (loss) for the period before taxes | 9903 | -€266,556 | €82,846 | +€349,402 | |
| Transfer from deferred taxes | 780 | €4,023 | €4,023 | = | 0.0% |
| Income taxes | 67/77 | -€2,202 | - | +€2,202 | |
| Tax adjustments and reversals of tax provisions | 77 | €2,202 | - | -€2,202 | |
| Profit (loss) for the period | 9904 | -€260,331 | €86,868 | +€347,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€260,331 | €86,868 | +€347,200 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.