CYD PROJECTS: 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.
CYD PROJECTS
Largest movements
- Cash +€19,275
up €19,275 (+17.1%), from €112,674 to €131,949
mainly Net result for the year (+€25,334) and Receivables within one year (+€1,623)
- Deferred charges and accrued income +€2,257
up €2,257 (+430%), from €524 to €2,781
- Receivables within one year -€1,623
down €1,623 (-62.5%), from €2,597 to €974
of which Trade receivables: -€1,409
- Reserves +€25,334
up €25,334 (+31.2%), from €81,141 to €106,476
of which Distributable reserves: +€25,334
- Tax, wage and social debts -€4,654
down €4,654 (-61.8%), from €7,525 to €2,871
- Gross operating margin -€9,400
down €9,400 (-19.2%), from €49,068 to €39,668
- Taxes -€2,960
down €2,960 (-18.9%), from €15,703 to €12,742
- Depreciation -€1,157
down €1,157 (-100%), from €1,157 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.
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 | €115,795 | €135,896 | +€20,100 | +17.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €115,795 | €135,896 | +€20,100 | +17.4% |
| Stocks and contracts in progress | 3 | - | €191 | +€191 | |
| Stocks | 30/36 | - | €191 | +€191 | |
| Amounts receivable within one year | 40/41 | €2,597 | €974 | -€1,623 | -62.5% |
| Trade receivables | 40 | €1,520 | €111 | -€1,409 | -92.7% |
| Other amounts receivable | 41 | €1,077 | €863 | -€214 | -19.9% |
| Cash at bank and in hand | 54/58 | €112,674 | €131,949 | +€19,275 | +17.1% |
| Deferred charges and accrued income | 490/1 | €524 | €2,781 | +€2,257 | +430% |
| Total equity and liabilities | 10/49 | €115,795 | €135,896 | +€20,100 | +17.4% |
| Equity | 10/15 | €106,377 | €131,712 | +€25,334 | +23.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,141 | €106,476 | +€25,334 | +31.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €81,141 | €106,476 | +€25,334 | +31.2% |
| Profit (loss) carried forward | 14 | €19,036 | €19,036 | = | 0.0% |
| Amounts payable | 17/49 | €9,418 | €4,184 | -€5,234 | -55.6% |
| Amounts payable within one year | 42/48 | €9,418 | €4,184 | -€5,234 | -55.6% |
| Trade debts | 44 | €1,683 | €1,102 | -€580 | -34.5% |
| Suppliers | 440/4 | €1,683 | €1,102 | -€580 | -34.5% |
| Taxes, remuneration and social security | 45 | €7,525 | €2,871 | -€4,654 | -61.8% |
| Taxes | 450/3 | €7,525 | €2,871 | -€4,654 | -61.8% |
| Other amounts payable | 47/48 | €210 | €211 | +€0 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,157 | €0 | -€1,157 | -100% |
| Other operating charges | 640/8 | €1,478 | €1,829 | +€351 | +23.7% |
| Gross operating margin | 9900 | €49,068 | €39,668 | -€9,400 | -19.2% |
| Operating profit (loss) | 9901 | €46,433 | €37,839 | -€8,593 | -18.5% |
| Financial income | 75/76B | €193 | €325 | +€131 | +67.9% |
| Recurring financial income | 75 | €193 | €325 | +€131 | +67.9% |
| Financial charges | 65/66B | €117 | €87 | -€30 | -25.6% |
| Recurring financial charges | 65 | €117 | €87 | -€30 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €46,509 | €38,077 | -€8,432 | -18.1% |
| Income taxes | 67/77 | €15,703 | €12,742 | -€2,960 | -18.9% |
| Profit (loss) for the period | 9904 | €30,806 | €25,334 | -€5,472 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,806 | €25,334 | -€5,472 | -17.8% |
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 26 October 2026 via checked.be.