CYPHER: 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.
CYPHER
Largest movements
- Current investments -€75,569
down €75,569 (-40.7%), from €185,619 to €110,050
- Cash +€54,773
up €54,773 (+131.9%), from €41,537 to €96,310
mainly Current investments (+€75,569) and Net result for the year (+€62,627)
- Receivables within one year -€25,890
down €25,890 (-41.6%), from €62,231 to €36,341
of which Other amounts receivable: -€23,429
- Financial fixed assets +€10,601
up €10,601, from €0 to €10,601
- Tangible fixed assets -€4,421
down €4,421 (-45.7%), from €9,674 to €5,253
of which Land and buildings: -€4,421
- Other debts -€100,000
no longer reported in 2024 (was €100,000)
- Profit (loss) carried forward +€62,627
up €62,627 (+45.8%), from €136,671 to €199,298
- Gross operating margin -€82,776
down €82,776 (-48.9%), from €169,156 to €86,380
- Taxes -€23,147
down €23,147 (-49.0%), from €47,221 to €24,074
- Financial income -€6,218
down €6,218 (-53.3%), from €11,673 to €5,454
of which Non-recurring financial income: -€10,268
- Financial charges -€2,740
down €2,740 (-97.3%), from €2,815 to €75
of which Non-recurring financial charges: -€1,901
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,074 | €261,323 | -€39,751 | -13.2% |
| Fixed assets | 21/28 | €9,674 | €15,854 | +€6,180 | +63.9% |
| Tangible fixed assets | 22/27 | €9,674 | €5,253 | -€4,421 | -45.7% |
| Land and buildings | 22 | €9,674 | €5,253 | -€4,421 | -45.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | €10,601 | +€10,601 | |
| Current assets | 29/58 | €291,400 | €245,469 | -€45,931 | -15.8% |
| Amounts receivable within one year | 40/41 | €62,231 | €36,341 | -€25,890 | -41.6% |
| Trade receivables | 40 | €31,713 | €29,252 | -€2,462 | -7.8% |
| Other amounts receivable | 41 | €30,518 | €7,089 | -€23,429 | -76.8% |
| Current investments | 50/53 | €185,619 | €110,050 | -€75,569 | -40.7% |
| Cash at bank and in hand | 54/58 | €41,537 | €96,310 | +€54,773 | +131.9% |
| Deferred charges and accrued income | 490/1 | €2,013 | €2,768 | +€756 | +37.6% |
| Total equity and liabilities | 10/49 | €301,074 | €261,323 | -€39,751 | -13.2% |
| Equity | 10/15 | €157,131 | €219,758 | +€62,627 | +39.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,671 | €199,298 | +€62,627 | +45.8% |
| Amounts payable | 17/49 | €143,943 | €41,565 | -€102,378 | -71.1% |
| Amounts payable within one year | 42/48 | €143,943 | €41,565 | -€102,378 | -71.1% |
| Trade debts | 44 | €3,718 | €2,897 | -€821 | -22.1% |
| Suppliers | 440/4 | €3,718 | €2,897 | -€821 | -22.1% |
| Taxes, remuneration and social security | 45 | €40,224 | €38,668 | -€1,557 | -3.9% |
| Taxes | 450/3 | €40,224 | €38,668 | -€1,557 | -3.9% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,826 | €4,421 | -€1,405 | -24.1% |
| Other operating charges | 640/8 | €214 | €637 | +€424 | +198.3% |
| Gross operating margin | 9900 | €169,156 | €86,380 | -€82,776 | -48.9% |
| Operating profit (loss) | 9901 | €163,117 | €81,322 | -€81,795 | -50.1% |
| Financial income | 75/76B | €11,673 | €5,454 | -€6,218 | -53.3% |
| Recurring financial income | 75 | €1,405 | €5,454 | +€4,050 | +288.3% |
| Non-recurring financial income | 76B | €10,268 | - | -€10,268 | |
| Financial charges | 65/66B | €2,815 | €75 | -€2,740 | -97.3% |
| Recurring financial charges | 65 | €914 | €75 | -€839 | -91.8% |
| Non-recurring financial charges | 66B | €1,901 | - | -€1,901 | |
| Profit (loss) for the period before taxes | 9903 | €171,975 | €86,701 | -€85,273 | -49.6% |
| Income taxes | 67/77 | €47,221 | €24,074 | -€23,147 | -49.0% |
| Profit (loss) for the period | 9904 | €124,754 | €62,627 | -€62,126 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €124,754 | €62,627 | -€62,126 | -49.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.