CYPHER ONE: 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.
CYPHER ONE
Largest movements
- Receivables within one year +€37,720
up €37,720 (+90.4%), from €41,713 to €79,433
of which Trade receivables: +€35,748
- Receivables after one year +€34,400
up €34,400 (+84.9%), from €40,500 to €74,900
- Tangible fixed assets -€5,330
down €5,330 (-27.0%), from €19,770 to €14,441
of which Furniture and vehicles: -€2,855
- Deferred charges and accrued income +€1,785
up €1,785 (+352.6%), from €506 to €2,291
- Advances received +€67,337
up €67,337 (+576.1%), from €11,689 to €79,025
- Tax, wage and social debts +€20,954
up €20,954 (+177.1%), from €11,829 to €32,783
of which Remuneration and social security: +€18,477
- Trade debts -€15,414
down €15,414 (-48.4%), from €31,827 to €16,412
- Short-term financial debts -€6,393
down €6,393 (-86.3%), from €7,408 to €1,015
- Profit (loss) carried forward +€2,987
up €2,987 (+9.7%), from €30,823 to €33,810
- Gross operating margin -€22,647
down €22,647 (-57.2%), from €39,619 to €16,971
- Taxes -€5,638
down €5,638 (-57.1%), from €9,875 to €4,237
- Depreciation +€3,463
up €3,463 (+92.1%), from €3,758 to €7,221
- Financial income +€1,273
up €1,273 (+248.4%), from €512 to €1,785
- Financial charges +€1,242
up €1,242 (+104.3%), from €1,191 to €2,433
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,853 | €171,428 | +€68,575 | +66.7% |
| Fixed assets | 21/28 | €20,133 | €14,804 | -€5,330 | -26.5% |
| Tangible fixed assets | 22/27 | €19,770 | €14,441 | -€5,330 | -27.0% |
| Furniture and vehicles | 24 | €11,533 | €8,678 | -€2,855 | -24.8% |
| Other tangible fixed assets | 26 | €8,237 | €5,763 | -€2,475 | -30.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €82,719 | €156,624 | +€73,905 | +89.3% |
| Amounts receivable after more than one year | 29 | €40,500 | €74,900 | +€34,400 | +84.9% |
| Other amounts receivable | 291 | €40,500 | €74,900 | +€34,400 | +84.9% |
| Amounts receivable within one year | 40/41 | €41,713 | €79,433 | +€37,720 | +90.4% |
| Trade receivables | 40 | €41,148 | €76,897 | +€35,748 | +86.9% |
| Other amounts receivable | 41 | €565 | €2,536 | +€1,971 | +348.9% |
| Deferred charges and accrued income | 490/1 | €506 | €2,291 | +€1,785 | +352.6% |
| Total equity and liabilities | 10/49 | €102,853 | €171,428 | +€68,575 | +66.7% |
| Equity | 10/15 | €32,823 | €35,810 | +€2,987 | +9.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,823 | €33,810 | +€2,987 | +9.7% |
| Amounts payable | 17/49 | €70,030 | €135,618 | +€65,588 | +93.7% |
| Amounts payable after more than one year | 17 | €5,699 | €4,136 | -€1,563 | -27.4% |
| Financial debts | 170/4 | €5,699 | €4,136 | -€1,563 | -27.4% |
| Amounts payable within one year | 42/48 | €64,331 | €131,482 | +€67,151 | +104.4% |
| Current portion of amounts payable after more than one year | 42 | €1,482 | €2,122 | +€640 | +43.2% |
| Financial debts | 43 | €7,408 | €1,015 | -€6,393 | -86.3% |
| Credit institutions | 430/8 | €7,408 | €1,015 | -€6,393 | -86.3% |
| Trade debts | 44 | €31,827 | €16,412 | -€15,414 | -48.4% |
| Suppliers | 440/4 | €31,827 | €16,412 | -€15,414 | -48.4% |
| Advances received on contracts in progress | 46 | €11,689 | €79,025 | +€67,337 | +576.1% |
| Taxes, remuneration and social security | 45 | €11,829 | €32,783 | +€20,954 | +177.1% |
| Taxes | 450/3 | €11,829 | €14,306 | +€2,477 | +20.9% |
| Remuneration and social security | 454/9 | - | €18,477 | +€18,477 | |
| Other amounts payable | 47/48 | €96 | €124 | +€28 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,758 | €7,221 | +€3,463 | +92.1% |
| Other operating charges | 640/8 | €1,003 | €1,879 | +€876 | +87.3% |
| Gross operating margin | 9900 | €39,619 | €16,971 | -€22,647 | -57.2% |
| Operating profit (loss) | 9901 | €34,857 | €7,872 | -€26,986 | -77.4% |
| Financial income | 75/76B | €512 | €1,785 | +€1,273 | +248.4% |
| Recurring financial income | 75 | €512 | €1,785 | +€1,273 | +248.4% |
| Financial charges | 65/66B | €1,191 | €2,433 | +€1,242 | +104.3% |
| Recurring financial charges | 65 | €1,191 | €2,433 | +€1,242 | +104.3% |
| Profit (loss) for the period before taxes | 9903 | €34,179 | €7,224 | -€26,955 | -78.9% |
| Income taxes | 67/77 | €9,875 | €4,237 | -€5,638 | -57.1% |
| Profit (loss) for the period | 9904 | €24,304 | €2,987 | -€21,317 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,304 | €2,987 | -€21,317 | -87.7% |
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 9 October 2026 via checked.be.