CYCLICS: 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.
CYCLICS
Largest movements
- Tangible fixed assets +€53,114
up €53,114 (+316%), from €16,799 to €69,913
of which Furniture and vehicles: +€57,585
- Cash -€48,014
down €48,014 (-23.0%), from €208,836 to €160,822
mainly Investment in fixed assets (net) (-€53,273) and Contributions, distributions and other (-€32,000)
- Reserves +€34,500
up €34,500 (+12.3%), from €279,410 to €313,910
of which Distributable reserves: +€34,500
- Tax, wage and social debts -€10,414
down €10,414 (-79.7%), from €13,059 to €2,646
- Debts after one year -€9,522
down €9,522 (-100%), from €9,522 to €0
- Current portion of long-term debt -€6,850
down €6,850 (-100%), from €6,850 to €0
- Depreciation -€6,614
down €6,614 (-97.7%), from €6,773 to €159
- Taxes +€1,669
up €1,669 (+6.8%), from €24,679 to €26,348
- Other operating charges +€1,133
up €1,133 (+93.3%), from €1,214 to €2,347
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 | €322,480 | €329,534 | +€7,054 | +2.2% |
| Fixed assets | 21/28 | €16,799 | €69,913 | +€53,114 | +316% |
| Tangible fixed assets | 22/27 | €16,799 | €69,913 | +€53,114 | +316% |
| Plant, machinery and equipment | 23 | - | €2,302 | +€2,302 | |
| Furniture and vehicles | 24 | - | €57,585 | +€57,585 | |
| Leasing and similar rights | 25 | €16,799 | €10,026 | -€6,773 | -40.3% |
| Current assets | 29/58 | €305,681 | €259,621 | -€46,060 | -15.1% |
| Amounts receivable within one year | 40/41 | €16,077 | €16,814 | +€736 | +4.6% |
| Trade receivables | 40 | €16,077 | €16,661 | +€584 | +3.6% |
| Other amounts receivable | 41 | - | €152 | +€152 | |
| Current investments | 50/53 | €80,389 | €80,389 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €208,836 | €160,822 | -€48,014 | -23.0% |
| Deferred charges and accrued income | 490/1 | €379 | €1,597 | +€1,218 | +321% |
| Total equity and liabilities | 10/49 | €322,480 | €329,534 | +€7,054 | +2.2% |
| Equity | 10/15 | €289,100 | €323,637 | +€34,537 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €279,410 | €313,910 | +€34,500 | +12.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €279,410 | €313,910 | +€34,500 | +12.3% |
| Profit (loss) carried forward | 14 | €3,490 | €3,527 | +€37 | +1.1% |
| Amounts payable | 17/49 | €33,381 | €5,897 | -€27,483 | -82.3% |
| Amounts payable after more than one year | 17 | €9,522 | €0 | -€9,522 | -100% |
| Financial debts | 170/4 | €9,522 | €0 | -€9,522 | -100% |
| Amounts payable within one year | 42/48 | €23,859 | €5,897 | -€17,961 | -75.3% |
| Current portion of amounts payable after more than one year | 42 | €6,850 | €0 | -€6,850 | -100% |
| Trade debts | 44 | €708 | €87 | -€621 | -87.7% |
| Suppliers | 440/4 | €708 | €87 | -€621 | -87.7% |
| Taxes, remuneration and social security | 45 | €13,059 | €2,646 | -€10,414 | -79.7% |
| Taxes | 450/3 | €13,059 | €2,646 | -€10,414 | -79.7% |
| Other amounts payable | 47/48 | €3,241 | €3,164 | -€77 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,773 | €159 | -€6,614 | -97.7% |
| Other operating charges | 640/8 | €1,214 | €2,347 | +€1,133 | +93.3% |
| Gross operating margin | 9900 | €94,388 | €94,996 | +€608 | +0.6% |
| Operating profit (loss) | 9901 | €86,401 | €92,491 | +€6,090 | +7.0% |
| Financial income | 75/76B | €330 | €1,070 | +€740 | +224% |
| Recurring financial income | 75 | €330 | €1,070 | +€740 | +224% |
| Financial charges | 65/66B | €1,001 | €676 | -€325 | -32.5% |
| Recurring financial charges | 65 | €1,001 | €676 | -€325 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €85,729 | €92,885 | +€7,155 | +8.3% |
| Income taxes | 67/77 | €24,679 | €26,348 | +€1,669 | +6.8% |
| Profit (loss) for the period | 9904 | €61,051 | €66,537 | +€5,486 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,051 | €66,537 | +€5,486 | +9.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.