CYCO: 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.
CYCO
Largest movements
- Receivables within one year +€105,598
up €105,598 (+19.6%), from €537,879 to €643,476
- Tangible fixed assets +€11,311
up €11,311 (+271.0%), from €4,174 to €15,485
- Reserves +€113,851
up €113,851 (+29.1%), from €391,388 to €505,239
of which Distributable reserves: +€113,851
- Gross operating margin +€37,316
up €37,316 (+29.2%), from €127,957 to €165,272
- Taxes +€7,865
up €7,865 (+25.6%), from €30,691 to €38,556
- Depreciation +€3,689
up €3,689 (+1231.1%), from €300 to €3,988
- Other operating charges -€1,970
down €1,970 (-24.0%), from €8,196 to €6,226
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €666,560 | €783,469 | +€116,909 | +17.5% |
| Fixed assets | 21/28 | €4,174 | €15,485 | +€11,311 | +271.0% |
| Tangible fixed assets | 22/27 | €4,174 | €15,485 | +€11,311 | +271.0% |
| Furniture and vehicles | 24 | €4,174 | €15,485 | +€11,311 | +271.0% |
| Current assets | 29/58 | €662,386 | €767,983 | +€105,598 | +15.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €537,879 | €643,476 | +€105,598 | +19.6% |
| Other amounts receivable | 41 | €537,879 | €643,476 | +€105,598 | +19.6% |
| Cash at bank and in hand | 54/58 | €10,007 | €10,007 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €14,500 | €14,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €666,560 | €783,469 | +€116,909 | +17.5% |
| Equity | 10/15 | €409,988 | €523,839 | +€113,851 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €391,388 | €505,239 | +€113,851 | +29.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €389,528 | €503,379 | +€113,851 | +29.2% |
| Amounts payable | 17/49 | €256,572 | €259,630 | +€3,058 | +1.2% |
| Amounts payable after more than one year | 17 | €105,000 | €105,000 | = | 0.0% |
| Advances received on contracts in progress | 176 | €55,000 | €55,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €151,346 | €154,256 | +€2,910 | +1.9% |
| Financial debts | 43 | €18,749 | €13,084 | -€5,666 | -30.2% |
| Credit institutions | 430/8 | €18,749 | €13,084 | -€5,666 | -30.2% |
| Trade debts | 44 | €56,020 | €60,621 | +€4,601 | +8.2% |
| Suppliers | 440/4 | €56,020 | €60,621 | +€4,601 | +8.2% |
| Taxes, remuneration and social security | 45 | €76,576 | €80,550 | +€3,974 | +5.2% |
| Taxes | 450/3 | €76,576 | €80,550 | +€3,974 | +5.2% |
| Accrued charges and deferred income | 492/3 | €226 | €375 | +€149 | +65.9% |
| Non-recurring operating income | 76A | €10,850 | - | -€10,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €3,988 | +€3,689 | +1231.1% |
| Other operating charges | 640/8 | €8,196 | €6,226 | -€1,970 | -24.0% |
| Gross operating margin | 9900 | €127,957 | €165,272 | +€37,316 | +29.2% |
| Operating profit (loss) | 9901 | €119,461 | €155,058 | +€35,597 | +29.8% |
| Financial income | 75/76B | €1,022 | €1,000 | -€22 | -2.1% |
| Recurring financial income | 75 | €1,022 | €1,000 | -€22 | -2.1% |
| Financial charges | 65/66B | €3,017 | €3,651 | +€634 | +21.0% |
| Recurring financial charges | 65 | €3,017 | €3,651 | +€634 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €117,466 | €152,407 | +€34,941 | +29.7% |
| Income taxes | 67/77 | €30,691 | €38,556 | +€7,865 | +25.6% |
| Profit (loss) for the period | 9904 | €86,774 | €113,851 | +€27,076 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,774 | €113,851 | +€27,076 | +31.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.