Cygraform: 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.
Cygraform
Largest movements
- Current investments -€140,000
no longer reported in 2025 (was €140,000)
- Cash +€135,235
up €135,235 (+100.9%), from €134,072 to €269,307
mainly Current investments (+€140,000) and Receivables within one year (+€24,446)
- Receivables within one year -€24,446
down €24,446 (-93.9%), from €26,022 to €1,576
of which Trade receivables: -€24,793
- Profit (loss) carried forward -€28,099
down €28,099 (-15.7%), from -€179,076 to -€207,176
- Tax, wage and social debts -€5,356
down €5,356 (-36.5%), from €14,657 to €9,301
of which Taxes: -€4,903
- Gross operating margin -€51,564
down €51,564 (-87.4%), from €59,019 to €7,455
- Financial income +€32,992
up €32,992 (+7754.1%), from €425 to €33,418
- Staff costs -€4,285
down €4,285 (-6.2%), from €68,790 to €64,505
- Depreciation -€2,459
no longer reported in 2025 (was €2,459)
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 | €304,043 | €272,118 | -€31,925 | -10.5% |
| Fixed assets | 21/28 | €231 | €231 | = | 0.0% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €303,812 | €271,887 | -€31,925 | -10.5% |
| Stocks and contracts in progress | 3 | €2,152 | - | -€2,152 | |
| Stocks | 30/36 | €2,152 | - | -€2,152 | |
| Amounts receivable within one year | 40/41 | €26,022 | €1,576 | -€24,446 | -93.9% |
| Trade receivables | 40 | €25,902 | €1,109 | -€24,793 | -95.7% |
| Other amounts receivable | 41 | €119 | €467 | +€347 | +290.6% |
| Current investments | 50/53 | €140,000 | - | -€140,000 | |
| Cash at bank and in hand | 54/58 | €134,072 | €269,307 | +€135,235 | +100.9% |
| Deferred charges and accrued income | 490/1 | €1,566 | €1,005 | -€561 | -35.8% |
| Total equity and liabilities | 10/49 | €304,043 | €272,118 | -€31,925 | -10.5% |
| Equity | 10/15 | €281,739 | €253,639 | -€28,099 | -10.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €440,355 | €440,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €745 | €745 | = | 0.0% |
| Own shares acquired | 1312 | €745 | €745 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,609 | €18,609 | = | 0.0% |
| Distributable reserves | 133 | €421,000 | €421,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,076 | -€207,176 | -€28,099 | -15.7% |
| Amounts payable | 17/49 | €22,304 | €18,479 | -€3,826 | -17.2% |
| Amounts payable within one year | 42/48 | €22,304 | €18,479 | -€3,826 | -17.2% |
| Trade debts | 44 | €5,162 | €6,720 | +€1,558 | +30.2% |
| Suppliers | 440/4 | €5,162 | €6,720 | +€1,558 | +30.2% |
| Taxes, remuneration and social security | 45 | €14,657 | €9,301 | -€5,356 | -36.5% |
| Taxes | 450/3 | €4,903 | - | -€4,903 | |
| Remuneration and social security | 454/9 | €9,753 | €9,301 | -€452 | -4.6% |
| Other amounts payable | 47/48 | €2,486 | €2,457 | -€28 | -1.1% |
| Non-recurring operating income | 76A | €5 | €170 | +€165 | +3480.6% |
| Remuneration, social security and pensions | 62 | €68,790 | €64,505 | -€4,285 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,459 | - | -€2,459 | |
| Other operating charges | 640/8 | €3,825 | €4,373 | +€548 | +14.3% |
| Non-recurring operating charges | 66A | €417 | - | -€417 | |
| Gross operating margin | 9900 | €59,019 | €7,455 | -€51,564 | -87.4% |
| Operating profit (loss) | 9901 | -€16,472 | -€61,423 | -€44,952 | -272.9% |
| Financial income | 75/76B | €425 | €33,418 | +€32,992 | +7754.1% |
| Recurring financial income | 75 | €425 | €33,418 | +€32,992 | +7754.1% |
| Financial charges | 65/66B | €156 | €94 | -€62 | -39.6% |
| Recurring financial charges | 65 | €156 | €94 | -€62 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,202 | -€28,099 | -€11,898 | -73.4% |
| Profit (loss) for the period | 9904 | -€16,202 | -€28,099 | -€11,898 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,202 | -€28,099 | -€11,898 | -73.4% |
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.