CYRES: 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.
CYRES
Largest movements
- Current investments -€105,300
down €105,300 (-83.0%), from €126,881 to €21,581
- Receivables within one year -€21,390
down €21,390 (-3.8%), from €556,691 to €535,301
of which Trade receivables: -€38,192
- Receivables after one year -€18,816
down €18,816 (-6.4%), from €295,519 to €276,703
- Financial fixed assets -€18,380
down €18,380 (-99.7%), from €18,440 to €60
- Deferred charges and accrued income -€10,580
down €10,580 (-34.7%), from €30,460 to €19,880
- Reserves -€156,765
down €156,765 (-16.4%), from €954,910 to €798,145
- Tax, wage and social debts -€17,077
down €17,077 (-29.4%), from €58,171 to €41,093
- Financial charges +€76,042
up €76,042 (+717.3%), from €10,602 to €86,644
- Gross operating margin -€37,469
down €37,469 (-49.9%), from €75,155 to €37,686
- Financial income +€28,931
up €28,931 (+63.2%), from €45,794 to €74,726
- Taxes -€28,786
down €28,786 (-79.9%), from €36,024 to €7,238
- Other operating charges +€17,887
up €17,887 (+991.6%), from €1,804 to €19,691
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
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 | €1,044,226 | €869,519 | -€174,707 | -16.7% |
| Fixed assets | 21/28 | €24,867 | €4,050 | -€20,817 | -83.7% |
| Tangible fixed assets | 22/27 | €6,427 | €3,991 | -€2,437 | -37.9% |
| Plant, machinery and equipment | 23 | €5,300 | €3,331 | -€1,969 | -37.2% |
| Furniture and vehicles | 24 | €1,127 | €660 | -€467 | -41.4% |
| Financial fixed assets | 28 | €18,440 | €60 | -€18,380 | -99.7% |
| Current assets | 29/58 | €1,019,359 | €865,469 | -€153,890 | -15.1% |
| Amounts receivable after more than one year | 29 | €295,519 | €276,703 | -€18,816 | -6.4% |
| Other amounts receivable | 291 | €295,519 | €276,703 | -€18,816 | -6.4% |
| Amounts receivable within one year | 40/41 | €556,691 | €535,301 | -€21,390 | -3.8% |
| Trade receivables | 40 | €73,795 | €35,603 | -€38,192 | -51.8% |
| Other amounts receivable | 41 | €482,896 | €499,698 | +€16,802 | +3.5% |
| Current investments | 50/53 | €126,881 | €21,581 | -€105,300 | -83.0% |
| Cash at bank and in hand | 54/58 | €9,808 | €12,004 | +€2,196 | +22.4% |
| Deferred charges and accrued income | 490/1 | €30,460 | €19,880 | -€10,580 | -34.7% |
| Total equity and liabilities | 10/49 | €1,044,226 | €869,519 | -€174,707 | -16.7% |
| Equity | 10/15 | €975,109 | €821,607 | -€153,503 | -15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €954,910 | €798,145 | -€156,765 | -16.4% |
| Distributable reserves | 133 | €954,910 | €798,145 | -€156,765 | -16.4% |
| Profit (loss) carried forward | 14 | €1,599 | €4,862 | +€3,262 | +204.0% |
| Amounts payable | 17/49 | €69,117 | €47,912 | -€21,205 | -30.7% |
| Amounts payable within one year | 42/48 | €69,117 | €47,912 | -€21,205 | -30.7% |
| Trade debts | 44 | €10,946 | €6,819 | -€4,127 | -37.7% |
| Suppliers | 440/4 | €10,946 | €6,819 | -€4,127 | -37.7% |
| Taxes, remuneration and social security | 45 | €58,171 | €41,093 | -€17,077 | -29.4% |
| Taxes | 450/3 | €58,171 | €41,093 | -€17,077 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €883 | €2,437 | +€1,554 | +176.1% |
| Other operating charges | 640/8 | €1,804 | €19,691 | +€17,887 | +991.6% |
| Gross operating margin | 9900 | €75,155 | €37,686 | -€37,469 | -49.9% |
| Operating profit (loss) | 9901 | €72,469 | €15,559 | -€56,910 | -78.5% |
| Financial income | 75/76B | €45,794 | €74,726 | +€28,931 | +63.2% |
| Recurring financial income | 75 | €45,794 | €74,726 | +€28,931 | +63.2% |
| Financial charges | 65/66B | €10,602 | €86,644 | +€76,042 | +717.3% |
| Recurring financial charges | 65 | €10,602 | €86,644 | +€76,042 | +717.3% |
| Profit (loss) for the period before taxes | 9903 | €107,662 | €3,641 | -€104,021 | -96.6% |
| Income taxes | 67/77 | €36,024 | €7,238 | -€28,786 | -79.9% |
| Profit (loss) for the period | 9904 | €71,637 | -€3,598 | -€75,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €71,637 | -€3,598 | -€75,235 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.