CYNEFIN: 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.
CYNEFIN
Largest movements
- Tangible fixed assets -€8,371
down €8,371 (-1.9%), from €430,176 to €421,805
of which Land and buildings: -€4,232
- Profit (loss) carried forward -€12,070
down €12,070 (-3.1%), from -€384,888 to -€396,958
- Depreciation -€1,225
down €1,225 (-8.7%), from €14,003 to €12,778
- Gross operating margin -€378
down €378 (-24.3%), from €1,556 to €1,179
- Other operating charges -€147
down €147 (-24.7%), from €596 to €449
- Financial charges -€53
down €53 (-56.8%), from €94 to €40
- Financial income +€20
new in 2025: €20
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 | €430,176 | €421,807 | -€8,369 | -1.9% |
| Fixed assets | 21/28 | €430,176 | €421,805 | -€8,371 | -1.9% |
| Tangible fixed assets | 22/27 | €430,176 | €421,805 | -€8,371 | -1.9% |
| Land and buildings | 22 | €406,483 | €402,252 | -€4,232 | -1.0% |
| Plant, machinery and equipment | 23 | €23,693 | €19,553 | -€4,139 | -17.5% |
| Current assets | 29/58 | €0 | €2 | +€2 | +1,212% |
| Cash at bank and in hand | 54/58 | €0 | €2 | +€2 | +1,212% |
| Total equity and liabilities | 10/49 | €430,176 | €421,807 | -€8,369 | -1.9% |
| Equity | 10/15 | €310,748 | €298,678 | -€12,070 | -3.9% |
| Contributions | 10/11 | €235,028 | €235,028 | = | 0.0% |
| Capital | 10 | €235,028 | €235,028 | = | 0.0% |
| Issued capital | 100 | €235,028 | €235,028 | = | 0.0% |
| Revaluation surpluses | 12 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €60,608 | €60,608 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,503 | €23,503 | = | 0.0% |
| Legal reserve | 130 | €23,503 | €23,503 | = | 0.0% |
| Distributable reserves | 133 | €37,105 | €37,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€384,888 | -€396,958 | -€12,070 | -3.1% |
| Amounts payable | 17/49 | €119,429 | €123,129 | +€3,701 | +3.1% |
| Amounts payable after more than one year | 17 | €118,630 | €121,072 | +€2,442 | +2.1% |
| Other amounts payable | 178/9 | €118,630 | €121,072 | +€2,442 | +2.1% |
| Amounts payable within one year | 42/48 | €798 | €2,057 | +€1,259 | +158% |
| Trade debts | 44 | €582 | €1,526 | +€944 | +162% |
| Suppliers | 440/4 | €582 | €1,526 | +€944 | +162% |
| Taxes, remuneration and social security | 45 | €216 | €531 | +€315 | +146% |
| Taxes | 450/3 | €216 | €531 | +€315 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,003 | €12,778 | -€1,225 | -8.7% |
| Other operating charges | 640/8 | €596 | €449 | -€147 | -24.7% |
| Gross operating margin | 9900 | €1,556 | €1,179 | -€378 | -24.3% |
| Operating profit (loss) | 9901 | -€13,043 | -€12,049 | +€994 | +7.6% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €94 | €40 | -€53 | -56.8% |
| Recurring financial charges | 65 | €94 | €40 | -€53 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,137 | -€12,070 | +€1,067 | +8.1% |
| Profit (loss) for the period | 9904 | -€13,137 | -€12,070 | +€1,067 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,137 | -€12,070 | +€1,067 | +8.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.