Cycles Verts: 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 Verts
Largest movements
- Receivables within one year +€64,618
up €64,618 (+284.9%), from €22,683 to €87,301
of which Other amounts receivable: +€65,731
- Tangible fixed assets +€40,396
up €40,396 (+9.1%), from €444,094 to €484,490
of which Furniture and vehicles: +€31,740
- Cash +€21,543
up €21,543 (+152.6%), from €14,116 to €35,659
mainly Other debts (+€187,865) and Trade debts (+€42,274)
- Other debts +€187,865
up €187,865 (+28.1%), from €669,487 to €857,352
- Profit (loss) carried forward -€94,830
down €94,830 (-21.9%), from -€433,813 to -€528,643
- Trade debts +€42,274
up €42,274 (+35.5%), from €119,044 to €161,317
- Debts after one year -€28,354
down €28,354 (-26.1%), from €108,522 to €80,168
- Advances received +€11,625
new in 2024: €11,625
- Staff costs +€41,360
up €41,360 (+19.0%), from €217,648 to €259,007
- Gross operating margin +€6,167
up €6,167 (+2.5%), from €247,802 to €253,969
- Write-downs +€4,370
up €4,370 (+7.6%), from €57,485 to €61,855
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 | €592,880 | €709,417 | +€116,537 | +19.7% |
| Fixed assets | 21/28 | €462,424 | €499,881 | +€37,457 | +8.1% |
| Intangible fixed assets | 21 | €5,357 | €2,418 | -€2,940 | -54.9% |
| Tangible fixed assets | 22/27 | €444,094 | €484,490 | +€40,396 | +9.1% |
| Land and buildings | 22 | €202,979 | €186,659 | -€16,319 | -8.0% |
| Plant, machinery and equipment | 23 | €137,608 | €168,834 | +€31,225 | +22.7% |
| Furniture and vehicles | 24 | €28,506 | €60,247 | +€31,740 | +111.3% |
| Leasing and similar rights | 25 | €75,000 | €68,750 | -€6,250 | -8.3% |
| Financial fixed assets | 28 | €12,973 | €12,973 | = | 0.0% |
| Current assets | 29/58 | €130,456 | €209,536 | +€79,080 | +60.6% |
| Stocks and contracts in progress | 3 | €89,714 | €83,229 | -€6,485 | -7.2% |
| Stocks | 30/36 | €89,714 | €83,229 | -€6,485 | -7.2% |
| Amounts receivable within one year | 40/41 | €22,683 | €87,301 | +€64,618 | +284.9% |
| Trade receivables | 40 | €21,965 | €20,852 | -€1,113 | -5.1% |
| Other amounts receivable | 41 | €718 | €66,448 | +€65,731 | +9160.9% |
| Cash at bank and in hand | 54/58 | €14,116 | €35,659 | +€21,543 | +152.6% |
| Deferred charges and accrued income | 490/1 | €3,943 | €3,348 | -€596 | -15.1% |
| Total equity and liabilities | 10/49 | €592,880 | €709,417 | +€116,537 | +19.7% |
| Equity | 10/15 | -€358,813 | -€453,643 | -€94,830 | -26.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€433,813 | -€528,643 | -€94,830 | -21.9% |
| Amounts payable | 17/49 | €951,693 | €1,163,059 | +€211,366 | +22.2% |
| Amounts payable after more than one year | 17 | €108,522 | €80,168 | -€28,354 | -26.1% |
| Financial debts | 170/4 | €108,522 | €80,168 | -€28,354 | -26.1% |
| Amounts payable within one year | 42/48 | €841,936 | €1,082,891 | +€240,955 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €32,490 | €28,354 | -€4,136 | -12.7% |
| Trade debts | 44 | €119,044 | €161,317 | +€42,274 | +35.5% |
| Suppliers | 440/4 | €119,044 | €161,317 | +€42,274 | +35.5% |
| Advances received on contracts in progress | 46 | - | €11,625 | +€11,625 | |
| Taxes, remuneration and social security | 45 | €20,915 | €24,243 | +€3,328 | +15.9% |
| Taxes | 450/3 | €263 | €349 | +€86 | +32.6% |
| Remuneration and social security | 454/9 | €20,652 | €23,894 | +€3,242 | +15.7% |
| Other amounts payable | 47/48 | €669,487 | €857,352 | +€187,865 | +28.1% |
| Accrued charges and deferred income | 492/3 | €1,235 | €0 | -€1,235 | -100.0% |
| Remuneration, social security and pensions | 62 | €217,648 | €259,007 | +€41,360 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,001 | €5,861 | +€860 | +17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €57,485 | €61,855 | +€4,370 | +7.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €12,637 | €10,637 | -€2,000 | -15.8% |
| Other operating charges | 640/8 | €2,785 | €2,595 | -€190 | -6.8% |
| Gross operating margin | 9900 | €247,802 | €253,969 | +€6,167 | +2.5% |
| Operating profit (loss) | 9901 | -€47,754 | -€85,987 | -€38,233 | -80.1% |
| Financial income | 75/76B | €500 | €583 | +€82 | +16.4% |
| Recurring financial income | 75 | €500 | €583 | +€82 | +16.4% |
| Financial charges | 65/66B | €9,377 | €9,011 | -€366 | -3.9% |
| Recurring financial charges | 65 | €9,377 | €9,011 | -€366 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€56,631 | -€94,415 | -€37,784 | -66.7% |
| Income taxes | 67/77 | €263 | €415 | +€152 | +57.6% |
| Profit (loss) for the period | 9904 | -€56,894 | -€94,830 | -€37,936 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€56,894 | -€94,830 | -€37,936 | -66.7% |
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.