CYKELL: 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.
CYKELL
Largest movements
- Cash -€31,424
down €31,424 (-87.7%), from €35,846 to €4,422
mainly Short-term financial debts (-€176,000) and Trade debts (-€30,743)
- Tangible fixed assets -€26,099
down €26,099 (-18.0%), from €144,926 to €118,827
- Deferred charges and accrued income -€20,344
down €20,344 (-56.4%), from €36,075 to €15,731
- Short-term financial debts -€176,000
down €176,000 (-33.0%), from €533,000 to €357,000
of which Other loans: -€533,000
- Other debts +€125,000
up €125,000 (+30.1%), from €415,722 to €540,722
- Trade debts -€30,743
down €30,743 (-66.6%), from €46,145 to €15,403
- Gross operating margin +€181,933
up €181,933 (+260.8%), from €69,769 to €251,702
- Financial charges -€10,179
down €10,179 (-15.3%), from €66,526 to €56,347
- Write-downs +€9,119
up €9,119, from €0 to €9,119
- Staff costs -€7,201
down €7,201 (-4.7%), from €153,144 to €145,943
- Other operating charges -€3,849
down €3,849 (-59.4%), from €6,486 to €2,636
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 | €1,438,387 | €1,351,530 | -€86,857 | -6.0% |
| Fixed assets | 21/28 | €192,423 | €164,863 | -€27,561 | -14.3% |
| Intangible fixed assets | 21 | €41,918 | €40,456 | -€1,461 | -3.5% |
| Tangible fixed assets | 22/27 | €144,926 | €118,827 | -€26,099 | -18.0% |
| Plant, machinery and equipment | 23 | €10,418 | €8,078 | -€2,340 | -22.5% |
| Furniture and vehicles | 24 | €53,113 | €40,338 | -€12,775 | -24.1% |
| Other tangible fixed assets | 26 | €81,395 | €70,411 | -€10,984 | -13.5% |
| Financial fixed assets | 28 | €5,580 | €5,580 | = | 0.0% |
| Current assets | 29/58 | €1,245,964 | €1,186,667 | -€59,297 | -4.8% |
| Stocks and contracts in progress | 3 | €1,046,873 | €1,045,717 | -€1,156 | -0.1% |
| Stocks | 30/36 | €1,046,873 | €1,045,717 | -€1,156 | -0.1% |
| Amounts receivable within one year | 40/41 | €127,171 | €120,798 | -€6,373 | -5.0% |
| Trade receivables | 40 | €72,175 | €70,522 | -€1,653 | -2.3% |
| Other amounts receivable | 41 | €54,996 | €50,275 | -€4,720 | -8.6% |
| Cash at bank and in hand | 54/58 | €35,846 | €4,422 | -€31,424 | -87.7% |
| Deferred charges and accrued income | 490/1 | €36,075 | €15,731 | -€20,344 | -56.4% |
| Total equity and liabilities | 10/49 | €1,438,387 | €1,351,530 | -€86,857 | -6.0% |
| Equity | 10/15 | €152,503 | €148,381 | -€4,122 | -2.7% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€447,497 | -€451,619 | -€4,122 | -0.9% |
| Amounts payable | 17/49 | €1,285,885 | €1,203,149 | -€82,735 | -6.4% |
| Amounts payable after more than one year | 17 | €104,791 | €100,000 | -€4,791 | -4.6% |
| Financial debts | 170/4 | €104,791 | €100,000 | -€4,791 | -4.6% |
| Amounts payable within one year | 42/48 | €1,034,499 | €945,349 | -€89,151 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €9,417 | €4,791 | -€4,626 | -49.1% |
| Financial debts | 43 | €533,000 | €357,000 | -€176,000 | -33.0% |
| Credit institutions | 430/8 | - | €357,000 | +€357,000 | |
| Other loans | 439 | €533,000 | - | -€533,000 | |
| Trade debts | 44 | €46,145 | €15,403 | -€30,743 | -66.6% |
| Suppliers | 440/4 | €46,145 | €15,403 | -€30,743 | -66.6% |
| Taxes, remuneration and social security | 45 | €30,215 | €27,433 | -€2,782 | -9.2% |
| Taxes | 450/3 | €5,922 | €956 | -€4,966 | -83.9% |
| Remuneration and social security | 454/9 | €24,292 | €26,477 | +€2,185 | +9.0% |
| Other amounts payable | 47/48 | €415,722 | €540,722 | +€125,000 | +30.1% |
| Accrued charges and deferred income | 492/3 | €146,594 | €157,800 | +€11,206 | +7.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €153,144 | €145,943 | -€7,201 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,932 | €42,136 | +€2,205 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €9,119 | +€9,119 | |
| Other operating charges | 640/8 | €6,486 | €2,636 | -€3,849 | -59.4% |
| Gross operating margin | 9900 | €69,769 | €251,702 | +€181,933 | +260.8% |
| Operating profit (loss) | 9901 | -€129,792 | €51,868 | +€181,660 | |
| Financial income | 75/76B | €584 | €674 | +€90 | +15.5% |
| Recurring financial income | 75 | €584 | €674 | +€90 | +15.5% |
| Financial charges | 65/66B | €66,526 | €56,347 | -€10,179 | -15.3% |
| Recurring financial charges | 65 | €66,526 | €56,347 | -€10,179 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | -€195,735 | -€3,806 | +€191,929 | +98.1% |
| Income taxes | 67/77 | €418 | €316 | -€102 | -24.4% |
| Profit (loss) for the period | 9904 | -€196,153 | -€4,122 | +€192,031 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€196,153 | -€4,122 | +€192,031 | +97.9% |
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 28 September 2026 via checked.be.