Cyleco: 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.
Cyleco
Largest movements
- Cash +€22,283
up €22,283 (+139.9%), from €15,931 to €38,214
mainly Debts after one year (+€50,966) and Depreciation (+€15,324)
- Tangible fixed assets -€14,644
down €14,644 (-36.0%), from €40,676 to €26,032
of which Furniture and vehicles: -€8,395
- Stocks and contracts -€6,427
down €6,427 (-43.6%), from €14,752 to €8,325
- Receivables within one year +€4,388
up €4,388 (+31.8%), from €13,784 to €18,171
of which Trade receivables: +€8,303
- Debts after one year +€50,966
up €50,966 (+165.8%), from €30,735 to €81,701
of which Other amounts payable: +€60,039
- Profit (loss) carried forward -€41,643
new in 2025: -€41,643
- Short-term financial debts -€2,911
no longer reported in 2025 (was €2,911)
- Gross operating margin -€33,563
down €33,563, from €22,929 to -€10,634
- Staff costs +€12,193
new in 2025: €12,193
- Taxes -€1,630
down €1,630 (-92.5%), from €1,762 to €132
- Depreciation +€1,609
up €1,609 (+11.7%), from €13,715 to €15,324
- Financial charges +€1,334
up €1,334 (+74.7%), from €1,785 to €3,119
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 | €106,085 | €111,743 | +€5,659 | +5.3% |
| Formation expenses | 20 | €225 | - | -€225 | |
| Fixed assets | 21/28 | €59,937 | €45,408 | -€14,529 | -24.2% |
| Intangible fixed assets | 21 | €19,261 | €19,376 | +€115 | +0.6% |
| Tangible fixed assets | 22/27 | €40,676 | €26,032 | -€14,644 | -36.0% |
| Plant, machinery and equipment | 23 | €13,774 | €7,525 | -€6,249 | -45.4% |
| Furniture and vehicles | 24 | €26,902 | €18,507 | -€8,395 | -31.2% |
| Current assets | 29/58 | €45,923 | €66,335 | +€20,413 | +44.4% |
| Stocks and contracts in progress | 3 | €14,752 | €8,325 | -€6,427 | -43.6% |
| Stocks | 30/36 | €14,752 | €8,325 | -€6,427 | -43.6% |
| Amounts receivable within one year | 40/41 | €13,784 | €18,171 | +€4,388 | +31.8% |
| Trade receivables | 40 | - | €8,303 | +€8,303 | |
| Other amounts receivable | 41 | €13,784 | €9,868 | -€3,916 | -28.4% |
| Cash at bank and in hand | 54/58 | €15,931 | €38,214 | +€22,283 | +139.9% |
| Deferred charges and accrued income | 490/1 | €1,456 | €1,625 | +€169 | +11.6% |
| Total equity and liabilities | 10/49 | €106,085 | €111,743 | +€5,659 | +5.3% |
| Equity | 10/15 | €58,865 | €17,222 | -€41,643 | -70.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €56,865 | €56,865 | = | 0.0% |
| Distributable reserves | 133 | €56,865 | €56,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€41,643 | -€41,643 | |
| Amounts payable | 17/49 | €47,220 | €94,521 | +€47,301 | +100.2% |
| Amounts payable after more than one year | 17 | €30,735 | €81,701 | +€50,966 | +165.8% |
| Financial debts | 170/4 | €10,639 | €1,566 | -€9,073 | -85.3% |
| Other amounts payable | 178/9 | €20,096 | €80,135 | +€60,039 | +298.8% |
| Amounts payable within one year | 42/48 | €16,486 | €12,821 | -€3,665 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €8,183 | €8,596 | +€413 | +5.0% |
| Financial debts | 43 | €2,911 | - | -€2,911 | |
| Credit institutions | 430/8 | €2,911 | - | -€2,911 | |
| Trade debts | 44 | €1,416 | €778 | -€638 | -45.0% |
| Suppliers | 440/4 | €1,416 | €778 | -€638 | -45.0% |
| Taxes, remuneration and social security | 45 | €485 | €907 | +€422 | +87.1% |
| Taxes | 450/3 | €485 | €391 | -€94 | -19.3% |
| Remuneration and social security | 454/9 | - | €516 | +€516 | |
| Other amounts payable | 47/48 | €3,490 | €2,539 | -€951 | -27.2% |
| Non-recurring operating income | 76A | - | €512 | +€512 | |
| Remuneration, social security and pensions | 62 | - | €12,193 | +€12,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,715 | €15,324 | +€1,609 | +11.7% |
| Other operating charges | 640/8 | €167 | €246 | +€79 | +47.0% |
| Gross operating margin | 9900 | €22,929 | -€10,634 | -€33,563 | |
| Operating profit (loss) | 9901 | €9,047 | -€38,396 | -€47,443 | |
| Financial income | 75/76B | €19 | €4 | -€15 | -77.0% |
| Recurring financial income | 75 | €19 | €4 | -€15 | -77.0% |
| Financial charges | 65/66B | €1,785 | €3,119 | +€1,334 | +74.7% |
| Recurring financial charges | 65 | €1,785 | €3,119 | +€1,334 | +74.7% |
| Profit (loss) for the period before taxes | 9903 | €7,281 | -€41,511 | -€48,792 | |
| Income taxes | 67/77 | €1,762 | €132 | -€1,630 | -92.5% |
| Profit (loss) for the period | 9904 | €5,520 | -€41,643 | -€47,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,520 | -€41,643 | -€47,163 |
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 7 October 2026 via checked.be.