CYFR: 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.
CYFR
Largest movements
- Current investments +€5,261
up €5,261 (+28.2%), from €18,644 to €23,904
- Tangible fixed assets +€4,615
up €4,615 (+24.9%), from €18,499 to €23,113
of which Plant, machinery and equipment: +€2,524
- Cash -€4,084
down €4,084 (-36.4%), from €11,211 to €7,127
mainly Investment in fixed assets (net) (-€7,455) and Other debts (-€6,057)
- Deferred charges and accrued income +€2,059
up €2,059 (+128.3%), from €1,604 to €3,663
- Reserves +€16,464
up €16,464 (+49.2%), from €33,481 to €49,945
- Other debts -€6,057
down €6,057 (-22.5%), from €26,920 to €20,863
- Trade debts -€3,128
down €3,128 (-8.7%), from €35,982 to €32,854
- Gross operating margin +€18,179
up €18,179 (+15.5%), from €117,611 to €135,791
- Taxes +€4,782
up €4,782 (+105.3%), from €4,542 to €9,324
- Other operating charges -€1,691
down €1,691 (-54.7%), from €3,093 to €1,401
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 | €129,947 | €138,609 | +€8,662 | +6.7% |
| Fixed assets | 21/28 | €18,499 | €23,113 | +€4,615 | +24.9% |
| Tangible fixed assets | 22/27 | €18,499 | €23,113 | +€4,615 | +24.9% |
| Plant, machinery and equipment | 23 | - | €2,524 | +€2,524 | |
| Other tangible fixed assets | 26 | €18,499 | €20,590 | +€2,091 | +11.3% |
| Current assets | 29/58 | €111,449 | €115,495 | +€4,047 | +3.6% |
| Amounts receivable within one year | 40/41 | €79,989 | €80,801 | +€812 | +1.0% |
| Trade receivables | 40 | €76,330 | €77,142 | +€812 | +1.1% |
| Other amounts receivable | 41 | €3,659 | €3,659 | = | 0.0% |
| Current investments | 50/53 | €18,644 | €23,904 | +€5,261 | +28.2% |
| Cash at bank and in hand | 54/58 | €11,211 | €7,127 | -€4,084 | -36.4% |
| Deferred charges and accrued income | 490/1 | €1,604 | €3,663 | +€2,059 | +128.3% |
| Total equity and liabilities | 10/49 | €129,947 | €138,609 | +€8,662 | +6.7% |
| Equity | 10/15 | €34,981 | €51,445 | +€16,464 | +47.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €33,481 | €49,945 | +€16,464 | +49.2% |
| Distributable reserves | 133 | €33,481 | €49,945 | +€16,464 | +49.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €94,966 | €87,164 | -€7,802 | -8.2% |
| Amounts payable within one year | 42/48 | €94,782 | €86,784 | -€7,998 | -8.4% |
| Financial debts | 43 | €8,000 | €8,000 | = | 0.0% |
| Other loans | 439 | €8,000 | €8,000 | = | 0.0% |
| Trade debts | 44 | €35,982 | €32,854 | -€3,128 | -8.7% |
| Suppliers | 440/4 | €35,982 | €32,854 | -€3,128 | -8.7% |
| Taxes, remuneration and social security | 45 | €23,881 | €25,068 | +€1,187 | +5.0% |
| Taxes | 450/3 | €12,000 | €8,388 | -€3,612 | -30.1% |
| Remuneration and social security | 454/9 | €11,881 | €16,680 | +€4,799 | +40.4% |
| Other amounts payable | 47/48 | €26,920 | €20,863 | -€6,057 | -22.5% |
| Accrued charges and deferred income | 492/3 | €184 | €380 | +€196 | +106.5% |
| Remuneration, social security and pensions | 62 | €104,643 | €105,879 | +€1,236 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,947 | €2,840 | +€893 | +45.9% |
| Other operating charges | 640/8 | €3,093 | €1,401 | -€1,691 | -54.7% |
| Gross operating margin | 9900 | €117,611 | €135,791 | +€18,179 | +15.5% |
| Operating profit (loss) | 9901 | €7,929 | €25,670 | +€17,741 | +223.8% |
| Financial income | 75/76B | €2,201 | €3,188 | +€987 | +44.8% |
| Recurring financial income | 75 | €2,201 | €3,188 | +€987 | +44.8% |
| Financial charges | 65/66B | €1,062 | €1,404 | +€342 | +32.3% |
| Recurring financial charges | 65 | €1,062 | €1,404 | +€342 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €9,068 | €27,454 | +€18,386 | +202.8% |
| Income taxes | 67/77 | €4,542 | €9,324 | +€4,782 | +105.3% |
| Profit (loss) for the period | 9904 | €4,526 | €18,130 | +€13,604 | +300.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,526 | €18,130 | +€13,604 | +300.6% |
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 9 October 2026 via checked.be.