CYCLES MENET: 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 MENET
Largest movements
- Cash +€46,667
up €46,667 (+103.6%), from €45,052 to €91,719
mainly Other debts (+€62,194) and Trade debts (+€60,125)
- Stocks and contracts -€35,752
down €35,752 (-9.3%), from €385,210 to €349,458
- Receivables within one year -€31,868
down €31,868 (-19.1%), from €167,096 to €135,228
of which Other amounts receivable: -€45,362
- Reserves -€138,198
down €138,198 (-29.7%), from €465,720 to €327,521
of which Distributable reserves: -€138,198
- Other debts +€62,194
up €62,194 (+69.1%), from €90,000 to €152,194
- Trade debts +€60,125
up €60,125 (+383.2%), from €15,691 to €75,816
- Write-downs +€30,000
new in 2024: €30,000
- Financial income +€4,904
up €4,904 (+393.1%), from €1,247 to €6,152
- Gross operating margin +€4,020
up €4,020 (+4.0%), from €100,328 to €104,348
- Taxes -€3,162
down €3,162 (-40.8%), from €7,747 to €4,584
- Staff costs -€1,047
down €1,047 (-1.9%), from €55,920 to €54,873
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.
Cash bridge derived
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 | €612,298 | €590,057 | -€22,240 | -3.6% |
| Fixed assets | 21/28 | €13,093 | €10,937 | -€2,156 | -16.5% |
| Tangible fixed assets | 22/27 | €11,575 | €9,420 | -€2,156 | -18.6% |
| Furniture and vehicles | 24 | €894 | €2,107 | +€1,214 | +135.8% |
| Other tangible fixed assets | 26 | €10,682 | €7,312 | -€3,369 | -31.5% |
| Financial fixed assets | 28 | €1,517 | €1,517 | = | 0.0% |
| Current assets | 29/58 | €599,205 | €579,120 | -€20,085 | -3.4% |
| Stocks and contracts in progress | 3 | €385,210 | €349,458 | -€35,752 | -9.3% |
| Stocks | 30/36 | €385,210 | €349,458 | -€35,752 | -9.3% |
| Amounts receivable within one year | 40/41 | €167,096 | €135,228 | -€31,868 | -19.1% |
| Trade receivables | 40 | €4,200 | €17,694 | +€13,495 | +321.3% |
| Other amounts receivable | 41 | €162,896 | €117,533 | -€45,362 | -27.8% |
| Cash at bank and in hand | 54/58 | €45,052 | €91,719 | +€46,667 | +103.6% |
| Deferred charges and accrued income | 490/1 | €1,848 | €2,716 | +€868 | +47.0% |
| Total equity and liabilities | 10/49 | €612,298 | €590,057 | -€22,240 | -3.6% |
| Equity | 10/15 | €471,917 | €333,719 | -€138,198 | -29.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €465,720 | €327,521 | -€138,198 | -29.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €465,720 | €327,521 | -€138,198 | -29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €140,380 | €256,339 | +€115,958 | +82.6% |
| Amounts payable within one year | 42/48 | €140,380 | €256,339 | +€115,958 | +82.6% |
| Financial debts | 43 | €676 | €0 | -€676 | -100.0% |
| Credit institutions | 430/8 | €676 | €0 | -€676 | -100.0% |
| Trade debts | 44 | €15,691 | €75,816 | +€60,125 | +383.2% |
| Suppliers | 440/4 | €15,691 | €75,816 | +€60,125 | +383.2% |
| Advances received on contracts in progress | 46 | €4,000 | €0 | -€4,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €30,013 | €28,329 | -€1,684 | -5.6% |
| Taxes | 450/3 | €16,731 | €16,290 | -€441 | -2.6% |
| Remuneration and social security | 454/9 | €13,282 | €12,039 | -€1,243 | -9.4% |
| Other amounts payable | 47/48 | €90,000 | €152,194 | +€62,194 | +69.1% |
| Remuneration, social security and pensions | 62 | €55,920 | €54,873 | -€1,047 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,607 | €3,748 | +€141 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,000 | +€30,000 | |
| Other operating charges | 640/8 | €1,282 | €1,443 | +€161 | +12.6% |
| Gross operating margin | 9900 | €100,328 | €104,348 | +€4,020 | +4.0% |
| Operating profit (loss) | 9901 | €39,519 | €14,285 | -€25,234 | -63.9% |
| Financial income | 75/76B | €1,247 | €6,152 | +€4,904 | +393.1% |
| Recurring financial income | 75 | €1,247 | €6,152 | +€4,904 | +393.1% |
| Financial charges | 65/66B | €4,101 | €4,050 | -€51 | -1.2% |
| Recurring financial charges | 65 | €4,101 | €4,050 | -€51 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €36,665 | €16,386 | -€20,279 | -55.3% |
| Income taxes | 67/77 | €7,747 | €4,584 | -€3,162 | -40.8% |
| Profit (loss) for the period | 9904 | €28,919 | €11,802 | -€17,117 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,919 | €11,802 | -€17,117 | -59.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.