CYMASHA: what changed
Two financial 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.
CYMASHA
Largest movements
- Receivables within one year -€39,607
down €39,607 (-93.0%), from €42,581 to €2,974
of which Other amounts receivable: -€23,598
- Cash +€8,559
up €8,559 (+28.7%), from €29,868 to €38,427
mainly Receivables within one year (+€39,607) and Depreciation (+€5,827)
- Tangible fixed assets -€2,152
down €2,152 (-16.7%), from €12,893 to €10,741
of which Furniture and vehicles: -€3,803
- Reserves -€37,000
down €37,000 (-42.8%), from €86,417 to €49,417
- Profit (loss) carried forward +€3,694
up €3,694, from -€2,280 to €1,414
- Gross operating margin -€4,945
down €4,945 (-30.1%), from €16,417 to €11,472
- Depreciation +€2,521
up €2,521 (+76.3%), from €3,306 to €5,827
- Taxes +€1,123
up €1,123 (+1,123%), from €100 to €1,223
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.
Derived cash bridge
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 | €91,772 | €58,798 | -€32,974 | -35.9% |
| Fixed assets | 21/28 | €19,323 | €17,171 | -€2,152 | -11.1% |
| Tangible fixed assets | 22/27 | €12,893 | €10,741 | -€2,152 | -16.7% |
| Plant, machinery and equipment | 23 | - | €1,651 | +€1,651 | |
| Furniture and vehicles | 24 | €12,893 | €9,090 | -€3,803 | -29.5% |
| Financial fixed assets | 28 | €6,430 | €6,430 | = | 0.0% |
| Current assets | 29/58 | €72,449 | €41,627 | -€30,822 | -42.5% |
| Amounts receivable within one year | 40/41 | €42,581 | €2,974 | -€39,607 | -93.0% |
| Trade receivables | 40 | €16,009 | - | -€16,009 | |
| Other amounts receivable | 41 | €26,572 | €2,974 | -€23,598 | -88.8% |
| Cash at bank and in hand | 54/58 | €29,868 | €38,427 | +€8,559 | +28.7% |
| Deferred charges and accrued income | 490/1 | - | €226 | +€226 | |
| Total equity and liabilities | 10/49 | €91,772 | €58,798 | -€32,974 | -35.9% |
| Equity | 10/15 | €90,337 | €57,031 | -€33,306 | -36.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,417 | €49,417 | -€37,000 | -42.8% |
| Distributable reserves | 133 | €86,417 | €49,417 | -€37,000 | -42.8% |
| Profit (loss) carried forward | 14 | -€2,280 | €1,414 | +€3,694 | |
| Amounts payable | 17/49 | €1,435 | €1,767 | +€332 | +23.1% |
| Amounts payable within one year | 42/48 | €1,435 | €1,767 | +€332 | +23.1% |
| Trade debts | 44 | €706 | €1,138 | +€432 | +61.2% |
| Suppliers | 440/4 | €706 | €1,138 | +€432 | +61.2% |
| Taxes, remuneration and social security | 45 | €100 | - | -€100 | |
| Taxes | 450/3 | €100 | - | -€100 | |
| Other amounts payable | 47/48 | €629 | €629 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,306 | €5,827 | +€2,521 | +76.3% |
| Other operating charges | 640/8 | €459 | €519 | +€60 | +13.1% |
| Gross operating margin | 9900 | €16,417 | €11,472 | -€4,945 | -30.1% |
| Operating profit (loss) | 9901 | €12,652 | €5,126 | -€7,526 | -59.5% |
| Financial charges | 65/66B | €223 | €209 | -€14 | -6.3% |
| Recurring financial charges | 65 | €223 | €209 | -€14 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €12,429 | €4,917 | -€7,512 | -60.4% |
| Income taxes | 67/77 | €100 | €1,223 | +€1,123 | +1,123% |
| Profit (loss) for the period | 9904 | €12,329 | €3,694 | -€8,635 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,329 | €3,694 | -€8,635 | -70.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.