CYGES: 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.
CYGES
Largest movements
- Cash +€62,394
up €62,394 (+85.8%), from €72,756 to €135,150
mainly Net result for the year (+€151,364) and Depreciation (+€50,571)
- Tangible fixed assets -€28,296
down €28,296 (-4.8%), from €594,585 to €566,289
of which Land and buildings: -€16,165
- Contributions +€260,000
up €260,000 (+288.9%), from €90,000 to €350,000
- Profit (loss) carried forward -€141,836
down €141,836 (-92.6%), from €153,229 to €11,393
- Debts after one year -€118,744
down €118,744 (-13.6%), from €873,674 to €754,929
- Accrued charges and deferred income +€19,315
up €19,315 (+332.5%), from €5,809 to €25,124
- Gross operating margin +€18,776
up €18,776 (+6.6%), from €282,577 to €301,354
- Financial charges +€16,643
up €16,643 (+71.8%), from €23,174 to €39,816
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 | €1,618,315 | €1,647,752 | +€29,437 | +1.8% |
| Fixed assets | 21/28 | €1,511,252 | €1,482,955 | -€28,296 | -1.9% |
| Tangible fixed assets | 22/27 | €594,585 | €566,289 | -€28,296 | -4.8% |
| Land and buildings | 22 | €550,687 | €534,522 | -€16,165 | -2.9% |
| Plant, machinery and equipment | 23 | €5,024 | €2,700 | -€2,324 | -46.3% |
| Furniture and vehicles | 24 | €38,874 | €29,066 | -€9,807 | -25.2% |
| Financial fixed assets | 28 | €916,666 | €916,666 | = | 0.0% |
| Current assets | 29/58 | €107,063 | €164,797 | +€57,733 | +53.9% |
| Amounts receivable within one year | 40/41 | €34,308 | €29,647 | -€4,661 | -13.6% |
| Trade receivables | 40 | €25,713 | €29,645 | +€3,933 | +15.3% |
| Other amounts receivable | 41 | €8,595 | €2 | -€8,593 | -100.0% |
| Cash at bank and in hand | 54/58 | €72,756 | €135,150 | +€62,394 | +85.8% |
| Total equity and liabilities | 10/49 | €1,618,315 | €1,647,752 | +€29,437 | +1.8% |
| Equity | 10/15 | €262,869 | €381,034 | +€118,164 | +45.0% |
| Contributions | 10/11 | €90,000 | €350,000 | +€260,000 | +288.9% |
| Reserves | 13 | €19,641 | €19,641 | = | 0.0% |
| Distributable reserves | 133 | €19,641 | €19,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,229 | €11,393 | -€141,836 | -92.6% |
| Amounts payable | 17/49 | €1,355,446 | €1,266,718 | -€88,728 | -6.5% |
| Amounts payable after more than one year | 17 | €873,674 | €754,929 | -€118,744 | -13.6% |
| Financial debts | 170/4 | €873,674 | €754,929 | -€118,744 | -13.6% |
| Amounts payable within one year | 42/48 | €475,963 | €486,665 | +€10,702 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €129,299 | €118,744 | -€10,555 | -8.2% |
| Financial debts | 43 | €16,925 | €29,167 | +€12,242 | +72.3% |
| Credit institutions | 430/8 | €16,925 | €29,167 | +€12,242 | +72.3% |
| Trade debts | 44 | €2,888 | €5,640 | +€2,752 | +95.3% |
| Suppliers | 440/4 | €2,888 | €5,640 | +€2,752 | +95.3% |
| Taxes, remuneration and social security | 45 | €14,360 | €19,072 | +€4,711 | +32.8% |
| Taxes | 450/3 | €13,610 | €19,072 | +€5,461 | +40.1% |
| Remuneration and social security | 454/9 | €750 | €0 | -€750 | -100.0% |
| Other amounts payable | 47/48 | €312,491 | €314,042 | +€1,551 | +0.5% |
| Accrued charges and deferred income | 492/3 | €5,809 | €25,124 | +€19,315 | +332.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,674 | €50,571 | +€1,897 | +3.9% |
| Other operating charges | 640/8 | €6,798 | €6,978 | +€180 | +2.6% |
| Gross operating margin | 9900 | €282,577 | €301,354 | +€18,776 | +6.6% |
| Operating profit (loss) | 9901 | €227,105 | €243,804 | +€16,699 | +7.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €23,174 | €39,816 | +€16,643 | +71.8% |
| Recurring financial charges | 65 | €23,174 | €39,816 | +€16,643 | +71.8% |
| Profit (loss) for the period before taxes | 9903 | €203,931 | €203,988 | +€56 | 0.0% |
| Income taxes | 67/77 | €51,407 | €52,623 | +€1,217 | +2.4% |
| Profit (loss) for the period | 9904 | €152,525 | €151,364 | -€1,160 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €152,525 | €151,364 | -€1,160 | -0.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.