Cyclowax: 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.
Cyclowax
Largest movements
- Intangible fixed assets +€295,735
up €295,735 (+722.3%), from €40,942 to €336,676
- Stocks and contracts +€131,297
up €131,297 (+129.8%), from €101,117 to €232,414
- Receivables within one year +€87,029
up €87,029 (+214.5%), from €40,577 to €127,606
of which Other amounts receivable: +€70,643
- Cash +€63,042
up €63,042 (+463.5%), from €13,601 to €76,643
mainly Debts after one year (+€892,785) and Short-term financial debts (+€70,000)
- Tangible fixed assets +€15,289
up €15,289 (+153.6%), from €9,951 to €25,240
of which Furniture and vehicles: +€11,979
- Debts after one year +€892,785
up €892,785 (+1785.6%), from €50,000 to €942,785
- Profit (loss) carried forward -€423,241
down €423,241 (-130.9%), from -€323,332 to -€746,573
- Short-term financial debts +€70,000
new in 2024: €70,000
- Other debts +€55,000
new in 2024: €55,000
- Tax, wage and social debts +€16,881
up €16,881 (+83.8%), from €20,135 to €37,016
of which Remuneration and social security: +€11,632
- Financial charges +€65,253
up €65,253 (+862.5%), from €7,565 to €72,819
- Staff costs +€61,154
up €61,154 (+2370.9%), from €2,579 to €63,733
- Gross operating margin +€43,091
up €43,091 (+14.2%), from -€302,644 to -€259,553
- Depreciation +€16,639
up €16,639 (+140.4%), from €11,853 to €28,492
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,170 | €806,836 | +€599,666 | +289.5% |
| Fixed assets | 21/28 | €50,892 | €362,716 | +€311,823 | +612.7% |
| Intangible fixed assets | 21 | €40,942 | €336,676 | +€295,735 | +722.3% |
| Tangible fixed assets | 22/27 | €9,951 | €25,240 | +€15,289 | +153.6% |
| Plant, machinery and equipment | 23 | €9,329 | €10,751 | +€1,422 | +15.2% |
| Furniture and vehicles | 24 | €622 | €12,601 | +€11,979 | +1926.5% |
| Other tangible fixed assets | 26 | - | €1,888 | +€1,888 | |
| Financial fixed assets | 28 | - | €800 | +€800 | |
| Current assets | 29/58 | €156,277 | €444,120 | +€287,843 | +184.2% |
| Stocks and contracts in progress | 3 | €101,117 | €232,414 | +€131,297 | +129.8% |
| Stocks | 30/36 | €101,117 | €232,414 | +€131,297 | +129.8% |
| Amounts receivable within one year | 40/41 | €40,577 | €127,606 | +€87,029 | +214.5% |
| Trade receivables | 40 | €23,232 | €39,618 | +€16,386 | +70.5% |
| Other amounts receivable | 41 | €17,345 | €87,988 | +€70,643 | +407.3% |
| Cash at bank and in hand | 54/58 | €13,601 | €76,643 | +€63,042 | +463.5% |
| Deferred charges and accrued income | 490/1 | €983 | €7,458 | +€6,475 | +658.6% |
| Total equity and liabilities | 10/49 | €207,170 | €806,836 | +€599,666 | +289.5% |
| Equity | 10/15 | -€210,832 | -€634,073 | -€423,241 | -200.7% |
| Contributions | 10/11 | €112,500 | €112,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€323,332 | -€746,573 | -€423,241 | -130.9% |
| Amounts payable | 17/49 | €418,002 | €1,440,909 | +€1.0m | +244.7% |
| Amounts payable after more than one year | 17 | €50,000 | €942,785 | +€892,785 | +1785.6% |
| Financial debts | 170/4 | €50,000 | €942,785 | +€892,785 | +1785.6% |
| Amounts payable within one year | 42/48 | €368,002 | €498,124 | +€130,123 | +35.4% |
| Financial debts | 43 | - | €70,000 | +€70,000 | |
| Credit institutions | 430/8 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | €336,687 | €336,108 | -€579 | -0.2% |
| Suppliers | 440/4 | €336,687 | €336,108 | -€579 | -0.2% |
| Advances received on contracts in progress | 46 | €11,179 | €0 | -€11,179 | -100.0% |
| Taxes, remuneration and social security | 45 | €20,135 | €37,016 | +€16,881 | +83.8% |
| Taxes | 450/3 | €18,497 | €23,745 | +€5,248 | +28.4% |
| Remuneration and social security | 454/9 | €1,639 | €13,271 | +€11,632 | +709.9% |
| Other amounts payable | 47/48 | - | €55,000 | +€55,000 | |
| Remuneration, social security and pensions | 62 | €2,579 | €63,733 | +€61,154 | +2370.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,853 | €28,492 | +€16,639 | +140.4% |
| Other operating charges | 640/8 | - | €2,378 | +€2,378 | |
| Gross operating margin | 9900 | -€302,644 | -€259,553 | +€43,091 | +14.2% |
| Operating profit (loss) | 9901 | -€317,076 | -€354,156 | -€37,080 | -11.7% |
| Financial income | 75/76B | €1,310 | €3,733 | +€2,423 | +185.0% |
| Recurring financial income | 75 | €1,310 | €3,733 | +€2,423 | +185.0% |
| Financial charges | 65/66B | €7,565 | €72,819 | +€65,253 | +862.5% |
| Recurring financial charges | 65 | €7,565 | €72,819 | +€65,253 | +862.5% |
| Profit (loss) for the period before taxes | 9903 | -€323,332 | -€423,241 | -€99,910 | -30.9% |
| Profit (loss) for the period | 9904 | -€323,332 | -€423,241 | -€99,910 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€323,332 | -€423,241 | -€99,910 | -30.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.