CYGA: 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.
What changed
CYGA
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€292,111
2024 · €310,936-€18,826
Equity
€35.2m
2024 · €35.5m-€307,889
Cash
€199,955
2024 · €141,329+€58,626
Balance sheet total
€35.2m
2024 · €35.5m-€312,403
Largest movements
Assets
- Current investments -€360,068
down €360,068 (-20.4%), from €1.8m to €1.4m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover -€20,531
down €20,531 (-12.0%), from €171,481 to €150,949
- Financial income +€17,133
up €17,133 (+7.2%), from €239,285 to €256,418
- Financial charges +€14,394
up €14,394, from -€10,426 to €3,968
- Other operating income -€7,379
down €7,379 (-1.8%), from €402,297 to €394,918
- Taxes -€2,789
down €2,789 (-7.3%), from €38,243 to €35,455
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.
Result 2024
€310,936
Turnover
-€20,531
Other operating income
-€7,379
Services and other goods
+€1,800
Depreciation
-€1,600
Other operating charges
+€1,064
Other operating items
+€2,293
Financial income
+€17,133
Financial charges
-€14,394
Taxes
+€2,789
Result 2025
€292,111
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.
From operations
+€298,900
Investment
+€360,068
Financing
-€600,341
Cash 2024
€141,329
From operations (derived)
+€298,900
Net result for the year
+€292,111
Depreciation
+€17,859
Smaller working-capital items
-€1,139
Receivables within one year
-€7,423
Deferred charges and accrued income
+€1,651
Trade debts
+€1,590
Tax, wage and social debts
-€5,749
Investment (derived)
+€360,068
Current investments
+€360,068
Financing
-€600,341
Short-term financial debts
-€341
Contributions, distributions and other
-€600,000
Cash 2025
€199,955
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,545,425 | €35,233,022 | -€312,403 | -0.9% |
| Fixed assets | 21/28 | €33,439,892 | €33,422,033 | -€17,859 | -0.1% |
| Tangible fixed assets | 22/27 | €22,999 | €5,140 | -€17,859 | -77.7% |
| Furniture and vehicles | 24 | €22,999 | €5,140 | -€17,859 | -77.7% |
| Financial fixed assets | 28 | €33,416,893 | €33,416,893 | = | 0.0% |
| Affiliated companies | 280/1 | €33,416,893 | €33,416,893 | = | 0.0% |
| Participating interests | 280 | €33,416,893 | €33,416,893 | = | 0.0% |
| Current assets | 29/58 | €2,105,532 | €1,810,989 | -€294,544 | -14.0% |
| Amounts receivable after more than one year | 29 | €180,415 | €181,540 | +€1,126 | +0.6% |
| Other amounts receivable | 291 | €180,415 | €181,540 | +€1,126 | +0.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €13,478 | €20,901 | +€7,423 | +55.1% |
| Trade receivables | 40 | €13,369 | €14,427 | +€1,057 | +7.9% |
| Other amounts receivable | 41 | €109 | €6,475 | +€6,366 | +5838.0% |
| Current investments | 50/53 | €1,766,317 | €1,406,250 | -€360,068 | -20.4% |
| Other investments | 51/53 | €1,766,317 | €1,406,250 | -€360,068 | -20.4% |
| Cash at bank and in hand | 54/58 | €141,329 | €199,955 | +€58,626 | +41.5% |
| Deferred charges and accrued income | 490/1 | €3,994 | €2,343 | -€1,651 | -41.3% |
| Total equity and liabilities | 10/49 | €35,545,425 | €35,233,022 | -€312,403 | -0.9% |
| Equity | 10/15 | €35,531,449 | €35,223,560 | -€307,889 | -0.9% |
| Contributions | 10/11 | €14,987,636 | €14,726,644 | -€260,991 | -1.7% |
| Reserves | 13 | €20,543,813 | €20,496,915 | -€46,898 | -0.2% |
| Tax-exempt reserves | 132 | €79,922 | €79,922 | = | 0.0% |
| Distributable reserves | 133 | €20,463,891 | €20,416,993 | -€46,898 | -0.2% |
| Amounts payable | 17/49 | €13,976 | €9,462 | -€4,514 | -32.3% |
| Amounts payable within one year | 42/48 | €13,962 | €9,462 | -€4,500 | -32.2% |
| Financial debts | 43 | €341 | €0 | -€341 | -100.0% |
| Credit institutions | 430/8 | €341 | €0 | -€341 | -100.0% |
| Trade debts | 44 | €1,674 | €3,264 | +€1,590 | +95.0% |
| Suppliers | 440/4 | €1,674 | €3,264 | +€1,590 | +95.0% |
| Taxes, remuneration and social security | 45 | €11,947 | €6,198 | -€5,749 | -48.1% |
| Taxes | 450/3 | €11,947 | €6,198 | -€5,749 | -48.1% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Operating income | 70/76A | €576,863 | €545,867 | -€30,996 | -5.4% |
| Turnover | 70 | €171,481 | €150,949 | -€20,531 | -12.0% |
| Other operating income | 74 | €402,297 | €394,918 | -€7,379 | -1.8% |
| Non-recurring operating income | 76A | €3,085 | €0 | -€3,085 | -100.0% |
| Operating charges | 60/66A | €477,394 | €470,752 | -€6,642 | -1.4% |
| Services and other goods | 61 | €451,915 | €450,115 | -€1,800 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,260 | €17,859 | +€1,600 | +9.8% |
| Other operating charges | 640/8 | €3,842 | €2,778 | -€1,064 | -27.7% |
| Non-recurring operating charges | 66A | €5,378 | €0 | -€5,378 | -100.0% |
| Operating profit (loss) | 9901 | €99,468 | €75,115 | -€24,354 | -24.5% |
| Financial income | 75/76B | €239,285 | €256,418 | +€17,133 | +7.2% |
| Recurring financial income | 75 | €239,285 | €256,418 | +€17,133 | +7.2% |
| Income from financial fixed assets | 750 | €223,616 | €250,458 | +€26,842 | +12.0% |
| Income from current assets | 751 | €15,666 | €5,878 | -€9,788 | -62.5% |
| Other financial income | 752/9 | €3 | €82 | +€79 | +2613.9% |
| Financial charges | 65/66B | -€10,426 | €3,968 | +€14,394 | |
| Recurring financial charges | 65 | -€10,426 | €3,968 | +€14,394 | |
| Debt charges | 650 | €795 | €399 | -€396 | -49.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€14,897 | €0 | +€14,897 | |
| Other financial charges | 652/9 | €3,676 | €3,569 | -€107 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €349,180 | €327,565 | -€21,614 | -6.2% |
| Income taxes | 67/77 | €38,243 | €35,455 | -€2,789 | -7.3% |
| Taxes | 670/3 | €38,243 | €35,455 | -€2,789 | -7.3% |
| Profit (loss) for the period | 9904 | €310,936 | €292,111 | -€18,826 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €310,936 | €292,111 | -€18,826 | -6.1% |
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 11 October 2026 via checked.be.