CYNOPCIS: 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.
CYNOPCIS
Largest movements
- Current investments +€217,000
up €217,000 (+29.5%), from €735,985 to €952,985
- Tangible fixed assets +€45,261
up €45,261 (+20.3%), from €223,335 to €268,596
of which Furniture and vehicles: +€53,585
- Deferred charges and accrued income -€30,542
down €30,542 (-76.4%), from €39,965 to €9,423
- Receivables within one year +€30,328
up €30,328 (+13.7%), from €221,511 to €251,839
of which Trade receivables: +€29,735
- Reserves +€216,373
up €216,373 (+17.5%), from €1.2m to €1.5m
of which Distributable reserves: +€216,373
- Tax, wage and social debts +€32,584
up €32,584 (+27.8%), from €117,417 to €150,002
of which Taxes: +€23,111
- Gross operating margin +€89,822
up €89,822 (+8.4%), from €1.1m to €1.2m
- Staff costs +€80,026
up €80,026 (+11.0%), from €726,629 to €806,655
- Other operating charges -€13,683
down €13,683 (-77.8%), from €17,579 to €3,896
- Write-downs +€12,731
up €12,731, from -€12,731 to €0
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 | €1,515,317 | €1,756,461 | +€241,144 | +15.9% |
| Fixed assets | 21/28 | €223,485 | €268,746 | +€45,261 | +20.3% |
| Tangible fixed assets | 22/27 | €223,335 | €268,596 | +€45,261 | +20.3% |
| Plant, machinery and equipment | 23 | €15,578 | €12,880 | -€2,698 | -17.3% |
| Furniture and vehicles | 24 | €177,532 | €231,117 | +€53,585 | +30.2% |
| Other tangible fixed assets | 26 | €30,224 | €24,599 | -€5,625 | -18.6% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,291,832 | €1,487,715 | +€195,883 | +15.2% |
| Stocks and contracts in progress | 3 | €4,633 | €680 | -€3,953 | -85.3% |
| Stocks | 30/36 | €4,633 | €680 | -€3,953 | -85.3% |
| Amounts receivable within one year | 40/41 | €221,511 | €251,839 | +€30,328 | +13.7% |
| Trade receivables | 40 | €221,083 | €250,818 | +€29,735 | +13.4% |
| Other amounts receivable | 41 | €427 | €1,020 | +€593 | +139% |
| Current investments | 50/53 | €735,985 | €952,985 | +€217,000 | +29.5% |
| Cash at bank and in hand | 54/58 | €289,738 | €272,789 | -€16,949 | -5.8% |
| Deferred charges and accrued income | 490/1 | €39,965 | €9,423 | -€30,542 | -76.4% |
| Total equity and liabilities | 10/49 | €1,515,317 | €1,756,461 | +€241,144 | +15.9% |
| Equity | 10/15 | €1,242,405 | €1,458,778 | +€216,373 | +17.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,236,205 | €1,452,578 | +€216,373 | +17.5% |
| Tax-exempt reserves | 132 | €12,061 | €12,061 | = | 0.0% |
| Distributable reserves | 133 | €1,224,144 | €1,440,517 | +€216,373 | +17.7% |
| Amounts payable | 17/49 | €272,912 | €297,683 | +€24,771 | +9.1% |
| Amounts payable within one year | 42/48 | €165,218 | €186,332 | +€21,114 | +12.8% |
| Trade debts | 44 | €47,548 | €36,078 | -€11,470 | -24.1% |
| Suppliers | 440/4 | €47,548 | €36,078 | -€11,470 | -24.1% |
| Taxes, remuneration and social security | 45 | €117,417 | €150,002 | +€32,584 | +27.8% |
| Taxes | 450/3 | €23,303 | €46,414 | +€23,111 | +99.2% |
| Remuneration and social security | 454/9 | €94,115 | €103,587 | +€9,473 | +10.1% |
| Other amounts payable | 47/48 | €252 | €252 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €107,694 | €111,352 | +€3,657 | +3.4% |
| Remuneration, social security and pensions | 62 | €726,629 | €806,655 | +€80,026 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,102 | €72,162 | -€940 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,731 | €0 | +€12,731 | |
| Other operating charges | 640/8 | €17,579 | €3,896 | -€13,683 | -77.8% |
| Non-recurring operating charges | 66A | €379 | €324 | -€55 | -14.5% |
| Gross operating margin | 9900 | €1,073,013 | €1,162,835 | +€89,822 | +8.4% |
| Operating profit (loss) | 9901 | €268,056 | €279,799 | +€11,743 | +4.4% |
| Financial income | 75/76B | €22,063 | €21,428 | -€635 | -2.9% |
| Recurring financial income | 75 | €22,063 | €21,428 | -€635 | -2.9% |
| Financial charges | 65/66B | €3,124 | €4,028 | +€904 | +28.9% |
| Recurring financial charges | 65 | €3,124 | €4,028 | +€904 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €286,995 | €297,199 | +€10,203 | +3.6% |
| Income taxes | 67/77 | €77,187 | €80,826 | +€3,639 | +4.7% |
| Profit (loss) for the period | 9904 | €209,808 | €216,373 | +€6,565 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €209,808 | €216,373 | +€6,565 | +3.1% |
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 1 November 2026 via checked.be.