CYCLINK: 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.
CYCLINK
Largest movements
- Cash +€77,975
up €77,975 (+63.3%), from €123,163 to €201,138
mainly Net result for the year (+€78,733) and Depreciation (+€41,245)
- Tangible fixed assets -€31,802
down €31,802 (-10.0%), from €318,214 to €286,413
of which Furniture and vehicles: -€18,390
- Current investments +€22,184
up €22,184 (+22.8%), from €97,100 to €119,284
- Receivables within one year +€15,282
up €15,282 (+59.0%), from €25,881 to €41,163
of which Trade receivables: +€14,449
- Reserves +€90,999
up €90,999 (+23.3%), from €390,929 to €481,928
- Profit (loss) carried forward -€12,266
down €12,266 (-13.5%), from €90,999 to €78,733
- Depreciation +€7,649
up €7,649 (+22.8%), from €33,596 to €41,245
- Gross operating margin -€7,551
down €7,551 (-5.1%), from €148,613 to €141,062
- Taxes -€4,600
down €4,600 (-18.6%), from €24,731 to €20,132
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 | €566,857 | €650,096 | +€83,239 | +14.7% |
| Fixed assets | 21/28 | €318,214 | €286,413 | -€31,802 | -10.0% |
| Tangible fixed assets | 22/27 | €318,214 | €286,413 | -€31,802 | -10.0% |
| Land and buildings | 22 | €227,448 | €215,669 | -€11,779 | -5.2% |
| Plant, machinery and equipment | 23 | €18,649 | €17,476 | -€1,174 | -6.3% |
| Furniture and vehicles | 24 | €63,294 | €44,904 | -€18,390 | -29.1% |
| Other tangible fixed assets | 26 | €8,823 | €8,364 | -€459 | -5.2% |
| Current assets | 29/58 | €248,643 | €363,684 | +€115,041 | +46.3% |
| Amounts receivable within one year | 40/41 | €25,881 | €41,163 | +€15,282 | +59.0% |
| Trade receivables | 40 | €24,245 | €38,693 | +€14,449 | +59.6% |
| Other amounts receivable | 41 | €1,636 | €2,469 | +€834 | +50.9% |
| Current investments | 50/53 | €97,100 | €119,284 | +€22,184 | +22.8% |
| Cash at bank and in hand | 54/58 | €123,163 | €201,138 | +€77,975 | +63.3% |
| Deferred charges and accrued income | 490/1 | €2,499 | €2,100 | -€400 | -16.0% |
| Total equity and liabilities | 10/49 | €566,857 | €650,096 | +€83,239 | +14.7% |
| Equity | 10/15 | €555,434 | €634,167 | +€78,733 | +14.2% |
| Contributions | 10/11 | €73,506 | €73,506 | = | 0.0% |
| Reserves | 13 | €390,929 | €481,928 | +€90,999 | +23.3% |
| Distributable reserves | 133 | €390,929 | €481,928 | +€90,999 | +23.3% |
| Profit (loss) carried forward | 14 | €90,999 | €78,733 | -€12,266 | -13.5% |
| Amounts payable | 17/49 | €11,423 | €15,929 | +€4,506 | +39.4% |
| Amounts payable within one year | 42/48 | €11,423 | €15,464 | +€4,041 | +35.4% |
| Trade debts | 44 | €2,723 | €2,590 | -€133 | -4.9% |
| Suppliers | 440/4 | €2,723 | €2,590 | -€133 | -4.9% |
| Taxes, remuneration and social security | 45 | €5,092 | €9,386 | +€4,294 | +84.3% |
| Taxes | 450/3 | €1,612 | €5,877 | +€4,265 | +265% |
| Remuneration and social security | 454/9 | €3,480 | €3,509 | +€29 | +0.8% |
| Other amounts payable | 47/48 | €3,607 | €3,487 | -€120 | -3.3% |
| Accrued charges and deferred income | 492/3 | - | €465 | +€465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,596 | €41,245 | +€7,649 | +22.8% |
| Other operating charges | 640/8 | €3,365 | €3,243 | -€122 | -3.6% |
| Gross operating margin | 9900 | €148,613 | €141,062 | -€7,551 | -5.1% |
| Operating profit (loss) | 9901 | €111,652 | €96,575 | -€15,077 | -13.5% |
| Financial income | 75/76B | €4,558 | €3,227 | -€1,331 | -29.2% |
| Recurring financial income | 75 | €4,558 | €3,227 | -€1,331 | -29.2% |
| Financial charges | 65/66B | €480 | €936 | +€457 | +95.2% |
| Recurring financial charges | 65 | €480 | €936 | +€457 | +95.2% |
| Profit (loss) for the period before taxes | 9903 | €115,730 | €98,865 | -€16,865 | -14.6% |
| Income taxes | 67/77 | €24,731 | €20,132 | -€4,600 | -18.6% |
| Profit (loss) for the period | 9904 | €90,999 | €78,733 | -€12,266 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,999 | €78,733 | -€12,266 | -13.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.