CYCLOBILITY: 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.
CYCLOBILITY
Largest movements
- Cash +€2.3m
up €2.3m (+1067.0%), from €213,546 to €2.5m
mainly Depreciation (+€2.9m) and Trade debts (+€2.6m)
- Stocks and contracts +€1.9m
up €1.9m (+75.8%), from €2.5m to €4.3m
- Receivables within one year +€1.5m
up €1.5m (+91.5%), from €1.6m to €3.1m
of which Trade receivables: +€1.6m
- Tangible fixed assets -€767,149
down €767,149 (-10.3%), from €7.4m to €6.7m
of which Plant, machinery and equipment: -€1.6m
- Intangible fixed assets +€414,257
up €414,257 (+118.6%), from €349,239 to €763,495
- Trade debts +€2.6m
up €2.6m (+291.7%), from €899,825 to €3.5m
- Short-term financial debts +€1.9m
new in 2025: €1.9m
- Tax, wage and social debts +€936,127
up €936,127 (+207.9%), from €450,292 to €1.4m
of which Taxes: +€688,576
- Reserves +€327,512
up €327,512 (+108.2%), from €302,640 to €630,152
- Gross operating margin +€1.4m
up €1.4m (+29.1%), from €5.0m to €6.4m
- Staff costs +€959,985
up €959,985 (+46.4%), from €2.1m to €3.0m
- Depreciation +€529,476
up €529,476 (+22.3%), from €2.4m to €2.9m
- Financial income +€117,529
up €117,529 (+64.3%), from €182,785 to €300,314
of which Financial income: +€142,529
- Financial charges +€74,054
up €74,054 (+15.6%), from €473,217 to €547,271
of which Financial charges: +€77,923
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 | €12,244,711 | €17,900,792 | +€5.7m | +46.2% |
| Fixed assets | 21/28 | €7,858,070 | €7,529,404 | -€328,666 | -4.2% |
| Intangible fixed assets | 21 | €349,239 | €763,495 | +€414,257 | +118.6% |
| Tangible fixed assets | 22/27 | €7,438,332 | €6,671,183 | -€767,149 | -10.3% |
| Plant, machinery and equipment | 23 | €6,664,590 | €5,063,742 | -€1.6m | -24.0% |
| Furniture and vehicles | 24 | €31,179 | €63,017 | +€31,838 | +102.1% |
| Other tangible fixed assets | 26 | €742,563 | €1,544,424 | +€801,860 | +108.0% |
| Financial fixed assets | 28 | €70,500 | €94,726 | +€24,226 | +34.4% |
| Current assets | 29/58 | €4,386,640 | €10,371,388 | +€6.0m | +136.4% |
| Stocks and contracts in progress | 3 | €2,472,912 | €4,346,721 | +€1.9m | +75.8% |
| Stocks | 30/36 | €2,472,912 | €4,346,721 | +€1.9m | +75.8% |
| Amounts receivable within one year | 40/41 | €1,643,467 | €3,147,716 | +€1.5m | +91.5% |
| Trade receivables | 40 | €1,353,498 | €2,916,428 | +€1.6m | +115.5% |
| Other amounts receivable | 41 | €289,969 | €231,288 | -€58,680 | -20.2% |
| Cash at bank and in hand | 54/58 | €213,546 | €2,492,161 | +€2.3m | +1067.0% |
| Deferred charges and accrued income | 490/1 | €56,716 | €384,789 | +€328,072 | +578.4% |
| Total equity and liabilities | 10/49 | €12,244,711 | €17,900,792 | +€5.7m | +46.2% |
| Equity | 10/15 | €2,244,708 | €2,581,220 | +€336,512 | +15.0% |
| Contributions | 10/11 | €1,942,068 | €1,951,068 | +€9,000 | +0.5% |
| Reserves | 13 | €302,640 | €630,152 | +€327,512 | +108.2% |
| Distributable reserves | 133 | €302,640 | €630,152 | +€327,512 | +108.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €306 | €90 | -€216 | -70.6% |
| Provisions for liabilities and charges | 160/5 | €306 | €90 | -€216 | -70.6% |
| Other liabilities and charges | 164/5 | €306 | €90 | -€216 | -70.6% |
| Amounts payable | 17/49 | €9,999,696 | €15,319,482 | +€5.3m | +53.2% |
| Amounts payable after more than one year | 17 | €5,356,405 | €5,305,049 | -€51,355 | -1.0% |
| Financial debts | 170/4 | €5,356,405 | €5,305,049 | -€51,355 | -1.0% |
| Amounts payable within one year | 42/48 | €4,626,915 | €10,000,936 | +€5.4m | +116.1% |
| Current portion of amounts payable after more than one year | 42 | €3,276,798 | €3,191,816 | -€84,982 | -2.6% |
| Financial debts | 43 | - | €1,897,813 | +€1.9m | |
| Credit institutions | 430/8 | - | €1,897,813 | +€1.9m | |
| Trade debts | 44 | €899,825 | €3,524,888 | +€2.6m | +291.7% |
| Suppliers | 440/4 | €899,825 | €3,524,888 | +€2.6m | +291.7% |
| Taxes, remuneration and social security | 45 | €450,292 | €1,386,419 | +€936,127 | +207.9% |
| Taxes | 450/3 | €206,045 | €894,621 | +€688,576 | +334.2% |
| Remuneration and social security | 454/9 | €244,247 | €491,798 | +€247,551 | +101.4% |
| Accrued charges and deferred income | 492/3 | €16,376 | €13,496 | -€2,880 | -17.6% |
| Remuneration, social security and pensions | 62 | €2,069,681 | €3,029,666 | +€959,985 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,374,300 | €2,903,777 | +€529,476 | +22.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,928 | €0 | -€3,928 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€552 | -€216 | +€336 | +60.9% |
| Other operating charges | 640/8 | €21,686 | €70,419 | +€48,733 | +224.7% |
| Non-recurring operating charges | 66A | €170,702 | €44,488 | -€126,214 | -73.9% |
| Gross operating margin | 9900 | €4,970,009 | €6,414,270 | +€1.4m | +29.1% |
| Operating profit (loss) | 9901 | €330,263 | €366,136 | +€35,873 | +10.9% |
| Financial income | 75/76B | €182,785 | €300,314 | +€117,529 | +64.3% |
| Recurring financial income | 75 | €157,785 | €300,314 | +€142,529 | +90.3% |
| Non-recurring financial income | 76B | €25,000 | €0 | -€25,000 | -100.0% |
| Financial charges | 65/66B | €473,217 | €547,271 | +€74,054 | +15.6% |
| Recurring financial charges | 65 | €469,349 | €547,271 | +€77,923 | +16.6% |
| Non-recurring financial charges | 66B | €3,868 | €0 | -€3,868 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €39,831 | €119,179 | +€79,348 | +199.2% |
| Income taxes | 67/77 | €13,055 | €29,297 | +€16,242 | +124.4% |
| Profit (loss) for the period | 9904 | €26,776 | €89,882 | +€63,106 | +235.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,776 | €89,882 | +€63,106 | +235.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.