CYCURE: 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.
CYCURE
Largest movements
- Tangible fixed assets +€161,992
up €161,992 (+735.0%), from €22,041 to €184,034
of which Assets under construction and advance payments: +€163,654
- Receivables within one year +€29,361
up €29,361 (+65.5%), from €44,797 to €74,158
of which Other amounts receivable: +€21,620
- Receivables after one year +€4,439
up €4,439 (+40.4%), from €11,000 to €15,439
- Debts after one year +€88,856
up €88,856, from €0 to €88,856
- Reserves +€77,904
up €77,904 (+62.8%), from €124,074 to €201,978
- Tax, wage and social debts +€26,819
up €26,819 (+111.3%), from €24,096 to €50,915
- Gross operating margin -€42,740
down €42,740 (-29.3%), from €145,664 to €102,924
- Taxes -€1,570
down €1,570 (-6.5%), from €24,096 to €22,526
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 | €153,410 | €351,893 | +€198,483 | +129.4% |
| Fixed assets | 21/28 | €22,041 | €184,034 | +€161,992 | +735.0% |
| Tangible fixed assets | 22/27 | €22,041 | €184,034 | +€161,992 | +735.0% |
| Plant, machinery and equipment | 23 | €2,847 | €2,009 | -€838 | -29.4% |
| Furniture and vehicles | 24 | €2,745 | €1,922 | -€824 | -30.0% |
| Assets under construction and advance payments | 27 | €16,449 | €180,103 | +€163,654 | +994.9% |
| Current assets | 29/58 | €131,369 | €167,860 | +€36,491 | +27.8% |
| Amounts receivable after more than one year | 29 | €11,000 | €15,439 | +€4,439 | +40.4% |
| Other amounts receivable | 291 | €11,000 | €15,439 | +€4,439 | +40.4% |
| Amounts receivable within one year | 40/41 | €44,797 | €74,158 | +€29,361 | +65.5% |
| Trade receivables | 40 | €19,200 | €26,942 | +€7,742 | +40.3% |
| Other amounts receivable | 41 | €25,597 | €47,216 | +€21,620 | +84.5% |
| Cash at bank and in hand | 54/58 | €75,572 | €77,868 | +€2,296 | +3.0% |
| Deferred charges and accrued income | 490/1 | €0 | €394 | +€394 | |
| Total equity and liabilities | 10/49 | €153,410 | €351,893 | +€198,483 | +129.4% |
| Equity | 10/15 | €129,074 | €206,978 | +€77,904 | +60.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €124,074 | €201,978 | +€77,904 | +62.8% |
| Distributable reserves | 133 | €124,074 | €201,978 | +€77,904 | +62.8% |
| Amounts payable | 17/49 | €24,335 | €144,915 | +€120,579 | +495.5% |
| Amounts payable after more than one year | 17 | €0 | €88,856 | +€88,856 | |
| Financial debts | 170/4 | €0 | €88,856 | +€88,856 | |
| Amounts payable within one year | 42/48 | €24,335 | €56,059 | +€31,724 | +130.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,129 | +€3,129 | |
| Trade debts | 44 | €239 | €2,015 | +€1,775 | +741.9% |
| Suppliers | 440/4 | €239 | €2,015 | +€1,775 | +741.9% |
| Taxes, remuneration and social security | 45 | €24,096 | €50,915 | +€26,819 | +111.3% |
| Taxes | 450/3 | €24,096 | €50,915 | +€26,819 | +111.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €795 | €1,661 | +€866 | +109.0% |
| Other operating charges | 640/8 | €1,038 | €1,071 | +€33 | +3.2% |
| Non-recurring operating charges | 66A | €30,522 | €0 | -€30,522 | -100.0% |
| Gross operating margin | 9900 | €145,664 | €102,924 | -€42,740 | -29.3% |
| Operating profit (loss) | 9901 | €113,309 | €100,191 | -€13,117 | -11.6% |
| Financial income | 75/76B | €1,384 | €2,775 | +€1,391 | +100.5% |
| Recurring financial income | 75 | €1,384 | €2,775 | +€1,391 | +100.5% |
| Financial charges | 65/66B | €1,635 | €2,536 | +€901 | +55.1% |
| Recurring financial charges | 65 | €1,635 | €2,536 | +€901 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €113,057 | €100,430 | -€12,627 | -11.2% |
| Income taxes | 67/77 | €24,096 | €22,526 | -€1,570 | -6.5% |
| Profit (loss) for the period | 9904 | €88,961 | €77,904 | -€11,057 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,961 | €77,904 | -€11,057 | -12.4% |
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 9 October 2026 via checked.be.