CYCLOON: 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.
CYCLOON
Largest movements
- Tangible fixed assets +€353,576
up €353,576 (+179.2%), from €197,340 to €550,916
of which Land and buildings: +€282,998
- Stocks and contracts -€189,667
down €189,667 (-30.6%), from €620,487 to €430,820
- Receivables within one year -€64,121
down €64,121 (-70.6%), from €90,853 to €26,731
of which Trade receivables: -€48,623
- Deferred charges and accrued income -€35,250
down €35,250 (-86.2%), from €40,881 to €5,631
- Cash -€22,908
down €22,908 (-27.2%), from €84,251 to €61,343
mainly Investment in fixed assets (net) (-€354,987) and Other debts (-€164,057)
- Debts after one year +€293,683
up €293,683 (+80.8%), from €363,567 to €657,249
of which Financial debts: +€157,683
- Other debts -€164,057
down €164,057 (-95.4%), from €171,924 to €7,866
- Accrued charges and deferred income -€160,633
down €160,633 (-77.8%), from €206,516 to €45,883
- Trade debts +€42,669
up €42,669 (+7180.0%), from €594 to €43,264
- Current portion of long-term debt +€31,251
up €31,251 (+60.2%), from €51,950 to €83,201
- Gross operating margin -€52,219
down €52,219 (-22.0%), from €237,178 to €184,959
- Staff costs +€44,109
up €44,109 (+35.3%), from €124,847 to €168,956
- Depreciation -€38,373
down €38,373 (-89.5%), from €42,887 to €4,514
- Taxes -€10,219
down €10,219 (-100.0%), from €10,219 to €0
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 | €1,040,305 | €1,078,831 | +€38,526 | +3.7% |
| Fixed assets | 21/28 | €203,832 | €554,305 | +€350,473 | +171.9% |
| Intangible fixed assets | 21 | €4,818 | €3,389 | -€1,429 | -29.7% |
| Tangible fixed assets | 22/27 | €197,340 | €550,916 | +€353,576 | +179.2% |
| Land and buildings | 22 | €148,182 | €431,181 | +€282,998 | +191.0% |
| Plant, machinery and equipment | 23 | €36,623 | €33,497 | -€3,125 | -8.5% |
| Furniture and vehicles | 24 | €12,535 | €86,238 | +€73,703 | +588.0% |
| Financial fixed assets | 28 | €1,675 | - | -€1,675 | |
| Current assets | 29/58 | €836,472 | €524,526 | -€311,947 | -37.3% |
| Stocks and contracts in progress | 3 | €620,487 | €430,820 | -€189,667 | -30.6% |
| Stocks | 30/36 | €620,487 | €430,820 | -€189,667 | -30.6% |
| Amounts receivable within one year | 40/41 | €90,853 | €26,731 | -€64,121 | -70.6% |
| Trade receivables | 40 | €65,354 | €16,731 | -€48,623 | -74.4% |
| Other amounts receivable | 41 | €25,499 | €10,000 | -€15,499 | -60.8% |
| Cash at bank and in hand | 54/58 | €84,251 | €61,343 | -€22,908 | -27.2% |
| Deferred charges and accrued income | 490/1 | €40,881 | €5,631 | -€35,250 | -86.2% |
| Total equity and liabilities | 10/49 | €1,040,305 | €1,078,831 | +€38,526 | +3.7% |
| Equity | 10/15 | €201,589 | €202,339 | +€750 | +0.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €200,589 | €201,339 | +€750 | +0.4% |
| Distributable reserves | 133 | €200,589 | €201,339 | +€750 | +0.4% |
| Amounts payable | 17/49 | €838,715 | €876,492 | +€37,777 | +4.5% |
| Amounts payable after more than one year | 17 | €363,567 | €657,249 | +€293,683 | +80.8% |
| Financial debts | 170/4 | €363,567 | €521,249 | +€157,683 | +43.4% |
| Other amounts payable | 178/9 | - | €136,000 | +€136,000 | |
| Amounts payable within one year | 42/48 | €268,632 | €173,360 | -€95,273 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €51,950 | €83,201 | +€31,251 | +60.2% |
| Trade debts | 44 | €594 | €43,264 | +€42,669 | +7180.0% |
| Suppliers | 440/4 | €594 | €43,264 | +€42,669 | +7180.0% |
| Advances received on contracts in progress | 46 | €379 | - | -€379 | |
| Taxes, remuneration and social security | 45 | €43,785 | €39,029 | -€4,756 | -10.9% |
| Taxes | 450/3 | €37,056 | €30,471 | -€6,585 | -17.8% |
| Remuneration and social security | 454/9 | €6,729 | €8,558 | +€1,829 | +27.2% |
| Other amounts payable | 47/48 | €171,924 | €7,866 | -€164,057 | -95.4% |
| Accrued charges and deferred income | 492/3 | €206,516 | €45,883 | -€160,633 | -77.8% |
| Remuneration, social security and pensions | 62 | €124,847 | €168,956 | +€44,109 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,887 | €4,514 | -€38,373 | -89.5% |
| Other operating charges | 640/8 | €2,246 | €2,665 | +€420 | +18.7% |
| Gross operating margin | 9900 | €237,178 | €184,959 | -€52,219 | -22.0% |
| Operating profit (loss) | 9901 | €67,198 | €8,824 | -€58,375 | -86.9% |
| Financial income | 75/76B | €7,036 | €7,827 | +€791 | +11.2% |
| Recurring financial income | 75 | €7,036 | €7,827 | +€791 | +11.2% |
| Financial charges | 65/66B | €15,656 | €15,901 | +€245 | +1.6% |
| Recurring financial charges | 65 | €15,656 | €15,901 | +€245 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €58,578 | €750 | -€57,829 | -98.7% |
| Income taxes | 67/77 | €10,219 | €0 | -€10,219 | -100.0% |
| Profit (loss) for the period | 9904 | €48,359 | €750 | -€47,610 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,359 | €750 | -€47,610 | -98.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.