CYGNUS: 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.
CYGNUS
Largest movements
- Receivables within one year +€5,709
up €5,709 (+30.5%), from €18,716 to €24,424
of which Other amounts receivable: +€5,493
- Cash -€2,586
down €2,586 (-11.1%), from €23,353 to €20,767
mainly Receivables within one year (-€5,709) and Trade debts (-€604)
- Tangible fixed assets -€2,113
down €2,113 (-26.8%), from €7,889 to €5,776
of which Furniture and vehicles: -€1,219
- Profit (loss) carried forward +€1,566
up €1,566 (+4.7%), from -€33,188 to -€31,623
- Trade debts -€604
down €604 (-6.6%), from €9,144 to €8,540
- Other debts -€604
down €604 (-58.1%), from €1,041 to €436
- Tax, wage and social debts +€582
up €582 (+13.9%), from €4,170 to €4,752
- Gross operating margin +€8,163
up €8,163, from -€2,421 to €5,742
- Taxes +€589
up €589 (+3,843%), from €15 to €604
- Staff costs -€409
no longer reported in 2024 (was €409)
- Financial income -€263
no longer reported in 2024 (was €263)
- Depreciation +€78
up €78 (+3.8%), from €2,035 to €2,113
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,469 | €51,407 | +€938 | +1.9% |
| Fixed assets | 21/28 | €7,889 | €5,776 | -€2,113 | -26.8% |
| Tangible fixed assets | 22/27 | €7,889 | €5,776 | -€2,113 | -26.8% |
| Plant, machinery and equipment | 23 | €1,793 | €899 | -€894 | -49.8% |
| Furniture and vehicles | 24 | €6,095 | €4,876 | -€1,219 | -20.0% |
| Current assets | 29/58 | €42,580 | €45,632 | +€3,051 | +7.2% |
| Amounts receivable within one year | 40/41 | €18,716 | €24,424 | +€5,709 | +30.5% |
| Trade receivables | 40 | - | €216 | +€216 | |
| Other amounts receivable | 41 | €18,716 | €24,208 | +€5,493 | +29.3% |
| Cash at bank and in hand | 54/58 | €23,353 | €20,767 | -€2,586 | -11.1% |
| Deferred charges and accrued income | 490/1 | €512 | €440 | -€72 | -14.0% |
| Total equity and liabilities | 10/49 | €50,469 | €51,407 | +€938 | +1.9% |
| Equity | 10/15 | €36,114 | €37,680 | +€1,566 | +4.3% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €702 | €702 | = | 0.0% |
| Tax-exempt reserves | 132 | €178 | €178 | = | 0.0% |
| Distributable reserves | 133 | €524 | €524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,188 | -€31,623 | +€1,566 | +4.7% |
| Amounts payable | 17/49 | €14,355 | €13,727 | -€627 | -4.4% |
| Amounts payable within one year | 42/48 | €14,355 | €13,727 | -€627 | -4.4% |
| Trade debts | 44 | €9,144 | €8,540 | -€604 | -6.6% |
| Suppliers | 440/4 | €9,144 | €8,540 | -€604 | -6.6% |
| Taxes, remuneration and social security | 45 | €4,170 | €4,752 | +€582 | +13.9% |
| Taxes | 450/3 | €4,170 | €4,752 | +€582 | +13.9% |
| Other amounts payable | 47/48 | €1,041 | €436 | -€604 | -58.1% |
| Remuneration, social security and pensions | 62 | €409 | - | -€409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,035 | €2,113 | +€78 | +3.8% |
| Other operating charges | 640/8 | €1,161 | €1,195 | +€34 | +2.9% |
| Non-recurring operating charges | 66A | €64 | €219 | +€155 | +243% |
| Gross operating margin | 9900 | -€2,421 | €5,742 | +€8,163 | |
| Operating profit (loss) | 9901 | -€6,090 | €2,215 | +€8,305 | |
| Financial income | 75/76B | €263 | - | -€263 | |
| Recurring financial income | 75 | €263 | - | -€263 | |
| Financial charges | 65/66B | €47 | €45 | -€2 | -3.9% |
| Recurring financial charges | 65 | €47 | €45 | -€2 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,874 | €2,170 | +€8,044 | |
| Income taxes | 67/77 | €15 | €604 | +€589 | +3,843% |
| Profit (loss) for the period | 9904 | -€5,890 | €1,566 | +€7,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,890 | €1,566 | +€7,455 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.