Cyludor: 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.
Cyludor
Largest movements
- Financial fixed assets +€163,125
up €163,125 (+5.8%), from €2.8m to €3.0m
- Tangible fixed assets -€59,389
down €59,389 (-3.9%), from €1.5m to €1.5m
of which Land and buildings: -€34,850
- Cash +€52,773
up €52,773 (+12.8%), from €412,082 to €464,854
mainly Net result for the year (+€537,755) and Depreciation (+€73,864)
- Profit (loss) carried forward +€164,055
up €164,055 (+40.7%), from €403,152 to €567,208
- Gross operating margin +€301,993
up €301,993 (+54.6%), from €553,607 to €855,600
- Taxes +€97,996
up €97,996 (+64.8%), from €151,199 to €249,196
- Depreciation -€14,122
down €14,122 (-16.1%), from €87,986 to €73,864
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 | €4,737,625 | €4,882,924 | +€145,300 | +3.1% |
| Fixed assets | 21/28 | €4,306,972 | €4,410,709 | +€103,736 | +2.4% |
| Tangible fixed assets | 22/27 | €1,512,809 | €1,453,420 | -€59,389 | -3.9% |
| Land and buildings | 22 | €1,222,297 | €1,187,447 | -€34,850 | -2.9% |
| Furniture and vehicles | 24 | €290,512 | €265,973 | -€24,539 | -8.4% |
| Financial fixed assets | 28 | €2,794,163 | €2,957,288 | +€163,125 | +5.8% |
| Current assets | 29/58 | €430,652 | €472,216 | +€41,564 | +9.7% |
| Amounts receivable within one year | 40/41 | €8,801 | €0 | -€8,801 | -100.0% |
| Other amounts receivable | 41 | €8,801 | €0 | -€8,801 | -100.0% |
| Cash at bank and in hand | 54/58 | €412,082 | €464,854 | +€52,773 | +12.8% |
| Deferred charges and accrued income | 490/1 | €9,770 | €7,362 | -€2,408 | -24.6% |
| Total equity and liabilities | 10/49 | €4,737,625 | €4,882,924 | +€145,300 | +3.1% |
| Equity | 10/15 | €4,643,403 | €4,813,159 | +€169,755 | +3.7% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €3,740,251 | €3,745,951 | +€5,700 | +0.2% |
| Tax-exempt reserves | 132 | €168,400 | €42,100 | -€126,300 | -75.0% |
| Distributable reserves | 133 | €3,571,851 | €3,703,851 | +€132,000 | +3.7% |
| Profit (loss) carried forward | 14 | €403,152 | €567,208 | +€164,055 | +40.7% |
| Amounts payable | 17/49 | €94,221 | €69,765 | -€24,456 | -26.0% |
| Amounts payable within one year | 42/48 | €90,852 | €66,725 | -€24,127 | -26.6% |
| Trade debts | 44 | €10,138 | €12,721 | +€2,583 | +25.5% |
| Suppliers | 440/4 | €10,138 | €12,721 | +€2,583 | +25.5% |
| Taxes, remuneration and social security | 45 | €46,288 | €24,922 | -€21,366 | -46.2% |
| Taxes | 450/3 | €46,288 | €24,922 | -€21,366 | -46.2% |
| Other amounts payable | 47/48 | €34,426 | €29,082 | -€5,344 | -15.5% |
| Accrued charges and deferred income | 492/3 | €3,369 | €3,040 | -€329 | -9.8% |
| Non-recurring operating income | 76A | €0 | €14,475 | +€14,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,986 | €73,864 | -€14,122 | -16.1% |
| Other operating charges | 640/8 | €721 | €793 | +€72 | +10.0% |
| Gross operating margin | 9900 | €553,607 | €855,600 | +€301,993 | +54.6% |
| Operating profit (loss) | 9901 | €464,899 | €780,942 | +€316,043 | +68.0% |
| Financial income | 75/76B | €6,568 | €8,813 | +€2,245 | +34.2% |
| Recurring financial income | 75 | €6,568 | €8,813 | +€2,245 | +34.2% |
| Financial charges | 65/66B | €3,106 | €2,804 | -€302 | -9.7% |
| Recurring financial charges | 65 | €3,106 | €2,804 | -€302 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €468,361 | €786,951 | +€318,590 | +68.0% |
| Income taxes | 67/77 | €151,199 | €249,196 | +€97,996 | +64.8% |
| Profit (loss) for the period | 9904 | €317,162 | €537,755 | +€220,594 | +69.6% |
| Transfer from tax-exempt reserves | 789 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €443,462 | €664,055 | +€220,594 | +49.7% |
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 5 October 2026 via checked.be.