Cyfco: 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.
Cyfco
Largest movements
- Current investments -€549,000
no longer reported in 2025 (was €549,000)
- Receivables after one year +€247,500
up €247,500 (+165.0%), from €150,000 to €397,500
- Cash +€14,119
up €14,119 (+931.3%), from €1,516 to €15,635
mainly Current investments (+€549,000) and Other debts (+€52,630)
- Tangible fixed assets -€11,538
down €11,538 (-36.2%), from €31,873 to €20,335
of which Furniture and vehicles: -€11,313
- Debts after one year -€267,500
no longer reported in 2025 (was €267,500)
- Profit (loss) carried forward -€75,561
no longer reported in 2025 (was €75,561)
- Other debts +€52,630
up €52,630 (+53.1%), from €99,152 to €151,782
- Tax, wage and social debts -€13,920
down €13,920 (-98.9%), from €14,078 to €158
- Reserves +€7,781
up €7,781 (+3.1%), from €252,979 to €260,760
- Gross operating margin -€63,916
down €63,916, from €59,944 to -€3,972
- Financial income -€20,701
down €20,701 (-34.1%), from €60,725 to €40,024
- Taxes -€13,944
down €13,944 (-76.7%), from €18,174 to €4,230
- Financial charges -€10,484
down €10,484 (-50.9%), from €20,599 to €10,115
- Other operating charges -€1,968
down €1,968 (-54.6%), from €3,608 to €1,640
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 | €732,626 | €435,557 | -€297,069 | -40.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €31,873 | €20,335 | -€11,538 | -36.2% |
| Tangible fixed assets | 22/27 | €31,873 | €20,335 | -€11,538 | -36.2% |
| Plant, machinery and equipment | 23 | €264 | €725 | +€461 | +174.7% |
| Furniture and vehicles | 24 | €30,187 | €18,874 | -€11,313 | -37.5% |
| Other tangible fixed assets | 26 | €1,422 | €735 | -€687 | -48.3% |
| Current assets | 29/58 | €700,753 | €415,222 | -€285,531 | -40.7% |
| Amounts receivable after more than one year | 29 | €150,000 | €397,500 | +€247,500 | +165.0% |
| Other amounts receivable | 291 | €150,000 | €397,500 | +€247,500 | +165.0% |
| Amounts receivable within one year | 40/41 | €237 | €1,839 | +€1,602 | +676.2% |
| Other amounts receivable | 41 | €237 | €1,839 | +€1,602 | +676.2% |
| Current investments | 50/53 | €549,000 | - | -€549,000 | |
| Cash at bank and in hand | 54/58 | €1,516 | €15,635 | +€14,119 | +931.3% |
| Deferred charges and accrued income | 490/1 | - | €248 | +€248 | |
| Total equity and liabilities | 10/49 | €732,626 | €435,557 | -€297,069 | -40.5% |
| Equity | 10/15 | €333,540 | €265,760 | -€67,780 | -20.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €252,979 | €260,760 | +€7,781 | +3.1% |
| Distributable reserves | 133 | €252,979 | €260,760 | +€7,781 | +3.1% |
| Profit (loss) carried forward | 14 | €75,561 | - | -€75,561 | |
| Amounts payable | 17/49 | €399,086 | €169,797 | -€229,289 | -57.5% |
| Amounts payable after more than one year | 17 | €267,500 | - | -€267,500 | |
| Other amounts payable | 178/9 | €267,500 | - | -€267,500 | |
| Amounts payable within one year | 42/48 | €113,230 | €151,940 | +€38,710 | +34.2% |
| Taxes, remuneration and social security | 45 | €14,078 | €158 | -€13,920 | -98.9% |
| Taxes | 450/3 | €14,078 | €158 | -€13,920 | -98.9% |
| Other amounts payable | 47/48 | €99,152 | €151,782 | +€52,630 | +53.1% |
| Accrued charges and deferred income | 492/3 | €18,356 | €17,857 | -€499 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,444 | €12,286 | -€158 | -1.3% |
| Other operating charges | 640/8 | €3,608 | €1,640 | -€1,968 | -54.6% |
| Gross operating margin | 9900 | €59,944 | -€3,972 | -€63,916 | |
| Operating profit (loss) | 9901 | €43,892 | -€17,897 | -€61,789 | |
| Financial income | 75/76B | €60,725 | €40,024 | -€20,701 | -34.1% |
| Recurring financial income | 75 | €60,725 | €40,024 | -€20,701 | -34.1% |
| Financial charges | 65/66B | €20,599 | €10,115 | -€10,484 | -50.9% |
| Recurring financial charges | 65 | €20,599 | €10,115 | -€10,484 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €84,018 | €12,011 | -€72,007 | -85.7% |
| Income taxes | 67/77 | €18,174 | €4,230 | -€13,944 | -76.7% |
| Profit (loss) for the period | 9904 | €65,844 | €7,781 | -€58,063 | -88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,844 | €7,781 | -€58,063 | -88.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.