CYCLODYSSEES: 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.
CYCLODYSSEES
Largest movements
- Receivables within one year +€563,738
up €563,738 (+1,182%), from €47,707 to €611,445
of which Trade receivables: +€567,329
- Cash +€22,682
up €22,682 (+245%), from €9,270 to €31,952
mainly Trade debts (+€590,211) and Advances received (+€2,344)
- Trade debts +€590,211
up €590,211 (+7,246%), from €8,146 to €598,357
- Profit (loss) carried forward -€8,158
down €8,158, from €3,803 to -€4,355
- Staff costs +€41,938
up €41,938 (+180%), from €23,261 to €65,200
- Gross operating margin +€31,709
up €31,709 (+97.1%), from €32,667 to €64,376
- Other operating charges +€2,930
up €2,930 (+155%), from €1,887 to €4,817
- Financial charges +€1,558
up €1,558 (+188%), from €829 to €2,387
- Taxes -€1,408
no longer reported in 2025 (was €1,408)
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 | €67,632 | €654,359 | +€586,728 | +868% |
| Fixed assets | 21/28 | €10,340 | €10,963 | +€622 | +6.0% |
| Tangible fixed assets | 22/27 | €340 | €203 | -€137 | -40.4% |
| Furniture and vehicles | 24 | €340 | €203 | -€137 | -40.4% |
| Financial fixed assets | 28 | €10,000 | €10,760 | +€760 | +7.6% |
| Current assets | 29/58 | €57,291 | €643,397 | +€586,105 | +1,023% |
| Amounts receivable within one year | 40/41 | €47,707 | €611,445 | +€563,738 | +1,182% |
| Trade receivables | 40 | €44,116 | €611,445 | +€567,329 | +1,286% |
| Other amounts receivable | 41 | €3,592 | - | -€3,592 | |
| Cash at bank and in hand | 54/58 | €9,270 | €31,952 | +€22,682 | +245% |
| Deferred charges and accrued income | 490/1 | €314 | - | -€314 | |
| Total equity and liabilities | 10/49 | €67,632 | €654,359 | +€586,728 | +868% |
| Equity | 10/15 | €31,803 | €23,645 | -€8,158 | -25.7% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,803 | -€4,355 | -€8,158 | |
| Amounts payable | 17/49 | €35,829 | €630,714 | +€594,885 | +1,660% |
| Amounts payable within one year | 42/48 | €35,829 | €630,714 | +€594,885 | +1,660% |
| Financial debts | 43 | - | €481 | +€481 | |
| Credit institutions | 430/8 | - | €481 | +€481 | |
| Trade debts | 44 | €8,146 | €598,357 | +€590,211 | +7,246% |
| Suppliers | 440/4 | €8,146 | €598,357 | +€590,211 | +7,246% |
| Advances received on contracts in progress | 46 | €13,038 | €15,382 | +€2,344 | +18.0% |
| Taxes, remuneration and social security | 45 | €11,352 | €13,021 | +€1,669 | +14.7% |
| Taxes | 450/3 | €11,352 | €13,021 | +€1,669 | +14.7% |
| Other amounts payable | 47/48 | €3,292 | €3,473 | +€180 | +5.5% |
| Remuneration, social security and pensions | 62 | €23,261 | €65,200 | +€41,938 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72 | €137 | +€65 | +89.8% |
| Other operating charges | 640/8 | €1,887 | €4,817 | +€2,930 | +155% |
| Gross operating margin | 9900 | €32,667 | €64,376 | +€31,709 | +97.1% |
| Operating profit (loss) | 9901 | €7,446 | -€5,778 | -€13,224 | |
| Financial income | 75/76B | €2 | €7 | +€6 | +373% |
| Recurring financial income | 75 | €2 | €7 | +€6 | +373% |
| Financial charges | 65/66B | €829 | €2,387 | +€1,558 | +188% |
| Recurring financial charges | 65 | €829 | €2,387 | +€1,558 | +188% |
| Profit (loss) for the period before taxes | 9903 | €6,618 | -€8,158 | -€14,776 | |
| Income taxes | 67/77 | €1,408 | - | -€1,408 | |
| Profit (loss) for the period | 9904 | €5,210 | -€8,158 | -€13,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,210 | -€8,158 | -€13,368 |
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 16 October 2026 via checked.be.