CYGLA: 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.
CYGLA
Largest movements
- Receivables within one year +€421,607
up €421,607 (+18.7%), from €2.3m to €2.7m
of which Trade receivables: +€420,482
- Cash +€176,633
up €176,633 (+140.2%), from €126,006 to €302,639
mainly Net result for the year (+€359,016) and Trade debts (+€223,975)
- Tangible fixed assets -€36,124
down €36,124 (-27.8%), from €129,887 to €93,763
of which Plant, machinery and equipment: -€35,061
- Trade debts +€223,975
up €223,975 (+89.8%), from €249,521 to €473,496
- Profit (loss) carried forward +€209,016
up €209,016 (+18.1%), from €1.2m to €1.4m
- Short-term financial debts +€71,653
up €71,653 (+59.6%), from €120,263 to €191,916
of which Other loans: +€165,000
- Tax, wage and social debts +€66,247
up €66,247 (+15.1%), from €437,654 to €503,901
of which Remuneration and social security: +€55,470
- Turnover +€517,747
up €517,747 (+11.7%), from €4.4m to €5.0m
- Staff costs +€451,922
up €451,922 (+19.3%), from €2.3m to €2.8m
- Goods and materials +€57,189
up €57,189 (+5.9%), from €964,421 to €1.0m
of which Change in stocks: decrease (increase): +€74,917
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 | €2,743,846 | €3,313,305 | +€569,459 | +20.8% |
| Fixed assets | 21/28 | €129,887 | €93,763 | -€36,124 | -27.8% |
| Tangible fixed assets | 22/27 | €129,887 | €93,763 | -€36,124 | -27.8% |
| Plant, machinery and equipment | 23 | €128,266 | €93,205 | -€35,061 | -27.3% |
| Furniture and vehicles | 24 | €1,621 | €558 | -€1,062 | -65.6% |
| Current assets | 29/58 | €2,613,959 | €3,219,542 | +€605,583 | +23.2% |
| Stocks and contracts in progress | 3 | €225,537 | €214,722 | -€10,815 | -4.8% |
| Stocks | 30/36 | €225,537 | €214,722 | -€10,815 | -4.8% |
| Raw materials and consumables | 30/31 | €225,537 | €214,722 | -€10,815 | -4.8% |
| Amounts receivable within one year | 40/41 | €2,259,519 | €2,681,126 | +€421,607 | +18.7% |
| Trade receivables | 40 | €2,223,304 | €2,643,786 | +€420,482 | +18.9% |
| Other amounts receivable | 41 | €36,215 | €37,340 | +€1,125 | +3.1% |
| Cash at bank and in hand | 54/58 | €126,006 | €302,639 | +€176,633 | +140.2% |
| Deferred charges and accrued income | 490/1 | €2,897 | €21,055 | +€18,158 | +626.8% |
| Total equity and liabilities | 10/49 | €2,743,846 | €3,313,305 | +€569,459 | +20.8% |
| Equity | 10/15 | €1,784,975 | €1,993,991 | +€209,016 | +11.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €566,506 | €566,506 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €560,306 | €560,306 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,156,470 | €1,365,486 | +€209,016 | +18.1% |
| Amounts payable | 17/49 | €958,870 | €1,319,313 | +€360,443 | +37.6% |
| Amounts payable within one year | 42/48 | €957,439 | €1,319,313 | +€361,875 | +37.8% |
| Financial debts | 43 | €120,263 | €191,916 | +€71,653 | +59.6% |
| Credit institutions | 430/8 | €120,263 | €26,916 | -€93,347 | -77.6% |
| Other loans | 439 | - | €165,000 | +€165,000 | |
| Trade debts | 44 | €249,521 | €473,496 | +€223,975 | +89.8% |
| Suppliers | 440/4 | €249,521 | €473,496 | +€223,975 | +89.8% |
| Taxes, remuneration and social security | 45 | €437,654 | €503,901 | +€66,247 | +15.1% |
| Taxes | 450/3 | €70,601 | €81,379 | +€10,777 | +15.3% |
| Remuneration and social security | 454/9 | €367,053 | €422,523 | +€55,470 | +15.1% |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,432 | - | -€1,432 | |
| Operating income | 70/76A | €4,547,229 | €5,020,129 | +€472,900 | +10.4% |
| Turnover | 70 | €4,437,393 | €4,955,140 | +€517,747 | +11.7% |
| Other operating income | 74 | €54,464 | €64,989 | +€10,525 | +19.3% |
| Non-recurring operating income | 76A | €55,372 | - | -€55,372 | |
| Operating charges | 60/66A | €4,026,714 | €4,575,382 | +€548,668 | +13.6% |
| Goods for resale, raw materials and consumables | 60 | €964,421 | €1,021,610 | +€57,189 | +5.9% |
| Purchases | 600/8 | €1,028,523 | €1,010,795 | -€17,728 | -1.7% |
| Change in stocks: decrease (increase) | 609 | -€64,102 | €10,815 | +€74,917 | |
| Services and other goods | 61 | €650,933 | €692,763 | +€41,831 | +6.4% |
| Remuneration, social security and pensions | 62 | €2,345,996 | €2,797,918 | +€451,922 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,807 | €36,124 | -€2,683 | -6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,177 | - | +€3,177 | |
| Other operating charges | 640/8 | €26,735 | €26,967 | +€232 | +0.9% |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Operating profit (loss) | 9901 | €520,515 | €444,748 | -€75,768 | -14.6% |
| Financial income | 75/76B | €113 | €3,410 | +€3,297 | +2907.4% |
| Recurring financial income | 75 | €113 | €3,410 | +€3,297 | +2907.4% |
| Other financial income | 752/9 | €113 | €3,410 | +€3,297 | +2907.4% |
| Financial charges | 65/66B | €10,277 | €6,635 | -€3,643 | -35.4% |
| Recurring financial charges | 65 | €10,277 | €6,635 | -€3,643 | -35.4% |
| Debt charges | 650 | €6,882 | €3,472 | -€3,410 | -49.6% |
| Other financial charges | 652/9 | €3,395 | €3,163 | -€233 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €510,352 | €441,523 | -€68,828 | -13.5% |
| Income taxes | 67/77 | €99,426 | €82,507 | -€16,919 | -17.0% |
| Taxes | 670/3 | €99,426 | €82,507 | -€16,919 | -17.0% |
| Profit (loss) for the period | 9904 | €410,925 | €359,016 | -€51,909 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €410,925 | €359,016 | -€51,909 | -12.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.