Cyrelco: 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.
Cyrelco
Largest movements
- Tangible fixed assets -€84,179
down €84,179 (-40.8%), from €206,520 to €122,341
of which Furniture and vehicles: -€81,356
- Cash -€50,162
down €50,162 (-38.9%), from €128,974 to €78,813
mainly Tax, wage and social debts (-€77,007) and Debts after one year (-€41,054)
- Receivables within one year -€42,664
down €42,664 (-61.4%), from €69,493 to €26,829
of which Trade receivables: -€45,682
- Deferred charges and accrued income +€10,514
up €10,514 (+327%), from €3,212 to €13,726
- Tax, wage and social debts -€77,007
down €77,007 (-64.7%), from €119,051 to €42,044
of which Taxes: -€44,545
- Debts after one year -€41,054
down €41,054 (-43.1%), from €95,221 to €54,167
- Accrued charges and deferred income -€32,618
down €32,618 (-94.9%), from €34,360 to €1,741
- Reserves -€25,436
down €25,436 (-19.6%), from €129,752 to €104,316
- Trade debts +€16,248
up €16,248 (+106%), from €15,341 to €31,589
- Staff costs -€146,596
down €146,596 (-40.8%), from €359,261 to €212,665
- Gross operating margin -€139,177
down €139,177 (-36.0%), from €386,744 to €247,566
- Depreciation -€9,230
down €9,230 (-17.8%), from €51,996 to €42,766
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 | €442,200 | €275,709 | -€166,491 | -37.7% |
| Fixed assets | 21/28 | €206,520 | €122,341 | -€84,179 | -40.8% |
| Tangible fixed assets | 22/27 | €206,520 | €122,341 | -€84,179 | -40.8% |
| Land and buildings | 22 | €46,471 | €41,166 | -€5,305 | -11.4% |
| Plant, machinery and equipment | 23 | €857 | €3,339 | +€2,482 | +289% |
| Furniture and vehicles | 24 | €159,192 | €77,836 | -€81,356 | -51.1% |
| Current assets | 29/58 | €235,679 | €153,367 | -€82,312 | -34.9% |
| Amounts receivable within one year | 40/41 | €69,493 | €26,829 | -€42,664 | -61.4% |
| Trade receivables | 40 | €66,361 | €20,680 | -€45,682 | -68.8% |
| Other amounts receivable | 41 | €3,131 | €6,149 | +€3,018 | +96.4% |
| Current investments | 50/53 | €34,000 | €34,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €128,974 | €78,813 | -€50,162 | -38.9% |
| Deferred charges and accrued income | 490/1 | €3,212 | €13,726 | +€10,514 | +327% |
| Total equity and liabilities | 10/49 | €442,200 | €275,709 | -€166,491 | -37.7% |
| Equity | 10/15 | €134,752 | €109,316 | -€25,436 | -18.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €129,752 | €104,316 | -€25,436 | -19.6% |
| Distributable reserves | 133 | €129,752 | €104,316 | -€25,436 | -19.6% |
| Amounts payable | 17/49 | €307,447 | €166,393 | -€141,055 | -45.9% |
| Amounts payable after more than one year | 17 | €95,221 | €54,167 | -€41,054 | -43.1% |
| Financial debts | 170/4 | €95,221 | €54,167 | -€41,054 | -43.1% |
| Amounts payable within one year | 42/48 | €177,867 | €110,484 | -€67,382 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €43,474 | €36,851 | -€6,623 | -15.2% |
| Trade debts | 44 | €15,341 | €31,589 | +€16,248 | +106% |
| Suppliers | 440/4 | €15,341 | €31,589 | +€16,248 | +106% |
| Taxes, remuneration and social security | 45 | €119,051 | €42,044 | -€77,007 | -64.7% |
| Taxes | 450/3 | €64,944 | €20,399 | -€44,545 | -68.6% |
| Remuneration and social security | 454/9 | €54,107 | €21,645 | -€32,462 | -60.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €34,360 | €1,741 | -€32,618 | -94.9% |
| Remuneration, social security and pensions | 62 | €359,261 | €212,665 | -€146,596 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,996 | €42,766 | -€9,230 | -17.8% |
| Other operating charges | 640/8 | €1,967 | €2,056 | +€89 | +4.5% |
| Non-recurring operating charges | 66A | €2,363 | €7,346 | +€4,983 | +211% |
| Gross operating margin | 9900 | €386,744 | €247,566 | -€139,177 | -36.0% |
| Operating profit (loss) | 9901 | -€28,843 | -€17,266 | +€11,577 | +40.1% |
| Financial income | 75/76B | €50 | €14 | -€37 | -72.8% |
| Recurring financial income | 75 | €50 | €14 | -€37 | -72.8% |
| Financial charges | 65/66B | €9,030 | €7,531 | -€1,499 | -16.6% |
| Recurring financial charges | 65 | €9,030 | €7,531 | -€1,499 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€37,823 | -€24,784 | +€13,040 | +34.5% |
| Income taxes | 67/77 | €880 | €653 | -€227 | -25.8% |
| Profit (loss) for the period | 9904 | -€38,703 | -€25,436 | +€13,267 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,703 | -€25,436 | +€13,267 | +34.3% |
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 13 October 2026 via checked.be.