CYPRESS GROUP: 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.
CYPRESS GROUP
Largest movements
- Stocks and contracts -€324,579
down €324,579 (-45.0%), from €720,958 to €396,379
- Receivables within one year -€23,521
down €23,521 (-3.6%), from €650,726 to €627,205
of which Trade receivables: -€107,984
- Debts after one year -€207,258
down €207,258 (-75.1%), from €275,906 to €68,649
- Current portion of long-term debt -€121,154
down €121,154 (-28.3%), from €428,411 to €307,258
- Profit (loss) carried forward -€18,063
down €18,063 (-43.0%), from €41,979 to €23,916
- Financial charges +€27,799
up €27,799 (+56.0%), from €49,675 to €77,474
- Gross operating margin +€27,075
up €27,075 (+43.2%), from €62,682 to €89,757
- Other operating charges +€19,410
up €19,410 (+443.6%), from €4,375 to €23,786
- Financial income +€1,825
new in 2024: €1,825
- Write-downs +€1,050
new in 2024: €1,050
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 | €1,562,250 | €1,194,755 | -€367,495 | -23.5% |
| Fixed assets | 21/28 | €176,584 | €169,248 | -€7,335 | -4.2% |
| Tangible fixed assets | 22/27 | €176,584 | €169,248 | -€7,335 | -4.2% |
| Land and buildings | 22 | €176,584 | €169,248 | -€7,335 | -4.2% |
| Current assets | 29/58 | €1,385,666 | €1,025,507 | -€360,159 | -26.0% |
| Stocks and contracts in progress | 3 | €720,958 | €396,379 | -€324,579 | -45.0% |
| Stocks | 30/36 | €720,958 | €396,379 | -€324,579 | -45.0% |
| Amounts receivable within one year | 40/41 | €650,726 | €627,205 | -€23,521 | -3.6% |
| Trade receivables | 40 | €524,144 | €416,159 | -€107,984 | -20.6% |
| Other amounts receivable | 41 | €126,582 | €211,046 | +€84,464 | +66.7% |
| Cash at bank and in hand | 54/58 | €13,982 | €1,923 | -€12,059 | -86.2% |
| Total equity and liabilities | 10/49 | €1,562,250 | €1,194,755 | -€367,495 | -23.5% |
| Equity | 10/15 | €130,240 | €112,177 | -€18,063 | -13.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €23,261 | €23,261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,961 | €1,961 | = | 0.0% |
| Legal reserve | 130 | €1,961 | €1,961 | = | 0.0% |
| Distributable reserves | 133 | €21,300 | €21,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,979 | €23,916 | -€18,063 | -43.0% |
| Amounts payable | 17/49 | €1,432,010 | €1,082,578 | -€349,432 | -24.4% |
| Amounts payable after more than one year | 17 | €275,906 | €68,649 | -€207,258 | -75.1% |
| Financial debts | 170/4 | €275,906 | €68,649 | -€207,258 | -75.1% |
| Amounts payable within one year | 42/48 | €1,156,103 | €1,013,929 | -€142,174 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €428,411 | €307,258 | -€121,154 | -28.3% |
| Financial debts | 43 | €301,337 | €302,643 | +€1,306 | +0.4% |
| Credit institutions | 430/8 | €301,337 | €302,643 | +€1,306 | +0.4% |
| Trade debts | 44 | €128,763 | €115,662 | -€13,102 | -10.2% |
| Suppliers | 440/4 | €128,763 | €115,662 | -€13,102 | -10.2% |
| Taxes, remuneration and social security | 45 | €898 | €380 | -€518 | -57.7% |
| Taxes | 450/3 | €898 | €380 | -€518 | -57.7% |
| Other amounts payable | 47/48 | €296,693 | €287,987 | -€8,707 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,335 | €7,335 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,050 | +€1,050 | |
| Other operating charges | 640/8 | €4,375 | €23,786 | +€19,410 | +443.6% |
| Gross operating margin | 9900 | €62,682 | €89,757 | +€27,075 | +43.2% |
| Operating profit (loss) | 9901 | €50,971 | €57,586 | +€6,614 | +13.0% |
| Financial income | 75/76B | - | €1,825 | +€1,825 | |
| Recurring financial income | 75 | - | €1,825 | +€1,825 | |
| Financial charges | 65/66B | €49,675 | €77,474 | +€27,799 | +56.0% |
| Recurring financial charges | 65 | €49,675 | €77,474 | +€27,799 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €1,296 | -€18,063 | -€19,359 | |
| Income taxes | 67/77 | €380 | - | -€380 | |
| Profit (loss) for the period | 9904 | €916 | -€18,063 | -€18,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €916 | -€18,063 | -€18,979 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.