CYGNUS: 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.
CYGNUS
Largest movements
- Cash -€21,275
down €21,275 (-56.0%), from €37,991 to €16,716
mainly Other debts (-€17,631) and Debts after one year (-€14,994)
- Tangible fixed assets -€4,953
down €4,953 (-5.8%), from €85,222 to €80,269
of which Land and buildings: -€4,437
- Other debts -€17,631
down €17,631 (-77.8%), from €22,666 to €5,035
- Debts after one year -€14,994
no longer reported in 2025 (was €14,994)
- Current portion of long-term debt +€8,518
new in 2025: €8,518
- Financial income -€2,699
down €2,699 (-79.5%), from €3,396 to €697
- Gross operating margin -€1,839
down €1,839 (-24.8%), from €7,421 to €5,582
- Taxes +€1,018
new in 2025: €1,018
- Other operating charges +€770
up €770 (+199.0%), from €387 to €1,157
- Financial charges -€335
down €335 (-36.9%), from €907 to €572
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 | €224,081 | €198,167 | -€25,914 | -11.6% |
| Fixed assets | 21/28 | €85,597 | €80,269 | -€5,328 | -6.2% |
| Tangible fixed assets | 22/27 | €85,222 | €80,269 | -€4,953 | -5.8% |
| Land and buildings | 22 | €82,933 | €78,496 | -€4,437 | -5.4% |
| Plant, machinery and equipment | 23 | €2,289 | €1,773 | -€516 | -22.5% |
| Financial fixed assets | 28 | €375 | - | -€375 | |
| Current assets | 29/58 | €138,484 | €117,898 | -€20,586 | -14.9% |
| Amounts receivable within one year | 40/41 | €495 | €1,184 | +€689 | +139.2% |
| Trade receivables | 40 | €495 | €975 | +€480 | +97.0% |
| Other amounts receivable | 41 | - | €209 | +€209 | |
| Current investments | 50/53 | €99,998 | €99,998 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,991 | €16,716 | -€21,275 | -56.0% |
| Total equity and liabilities | 10/49 | €224,081 | €198,167 | -€25,914 | -11.6% |
| Equity | 10/15 | €171,034 | €169,614 | -€1,420 | -0.8% |
| Contributions | 10/11 | €30,392 | €30,392 | = | 0.0% |
| Reserves | 13 | €138,524 | €138,524 | = | 0.0% |
| Distributable reserves | 133 | €138,524 | €138,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,118 | €698 | -€1,420 | -67.0% |
| Amounts payable | 17/49 | €53,047 | €28,553 | -€24,494 | -46.2% |
| Amounts payable after more than one year | 17 | €14,994 | - | -€14,994 | |
| Financial debts | 170/4 | €14,994 | - | -€14,994 | |
| Amounts payable within one year | 42/48 | €23,053 | €13,553 | -€9,500 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,518 | +€8,518 | |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €22,666 | €5,035 | -€17,631 | -77.8% |
| Accrued charges and deferred income | 492/3 | €15,000 | €15,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,953 | €4,952 | -€1 | 0.0% |
| Other operating charges | 640/8 | €387 | €1,157 | +€770 | +199.0% |
| Gross operating margin | 9900 | €7,421 | €5,582 | -€1,839 | -24.8% |
| Operating profit (loss) | 9901 | €2,081 | -€527 | -€2,608 | |
| Financial income | 75/76B | €3,396 | €697 | -€2,699 | -79.5% |
| Recurring financial income | 75 | €3,396 | €697 | -€2,699 | -79.5% |
| Financial charges | 65/66B | €907 | €572 | -€335 | -36.9% |
| Recurring financial charges | 65 | €907 | €572 | -€335 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €4,570 | -€402 | -€4,972 | |
| Income taxes | 67/77 | - | €1,018 | +€1,018 | |
| Profit (loss) for the period | 9904 | €4,570 | -€1,420 | -€5,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,570 | -€1,420 | -€5,990 |
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 3 October 2026 via checked.be.