CYREX: 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.
CYREX
Largest movements
- Receivables within one year +€25,985
up €25,985 (+19.3%), from €134,645 to €160,630
of which Trade receivables: +€16,069
- Deferred charges and accrued income -€8,615
down €8,615 (-49.5%), from €17,398 to €8,784
- Cash -€7,088
down €7,088 (-38.7%), from €18,335 to €11,247
mainly Receivables within one year (-€25,985) and Net result for the year (-€16,694)
- Trade debts +€36,801
up €36,801 (+39.1%), from €94,198 to €130,999
- Profit (loss) carried forward -€16,694
down €16,694 (-77.0%), from €21,681 to €4,987
- Tax, wage and social debts -€13,724
down €13,724 (-36.8%), from €37,278 to €23,555
of which Remuneration and social security: -€8,900
- Current portion of long-term debt +€3,362
up €3,362 (+13.4%), from €25,000 to €28,362
- Gross operating margin -€82,249
down €82,249 (-63.3%), from €129,874 to €47,625
- Staff costs -€41,052
down €41,052 (-40.6%), from €101,238 to €60,185
- Taxes -€10,505
down €10,505 (-100%), from €10,505 to €0
- Depreciation -€3,971
down €3,971 (-54.6%), from €7,277 to €3,307
- Other operating charges -€3,233
down €3,233 (-87.0%), from €3,719 to €485
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 | €180,018 | €189,792 | +€9,774 | +5.4% |
| Fixed assets | 21/28 | €9,640 | €9,131 | -€509 | -5.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,250 | €2,741 | -€509 | -15.7% |
| Plant, machinery and equipment | 23 | - | €2,333 | +€2,333 | |
| Furniture and vehicles | 24 | €3,250 | €408 | -€2,842 | -87.4% |
| Financial fixed assets | 28 | €6,390 | €6,390 | = | 0.0% |
| Current assets | 29/58 | €170,378 | €180,661 | +€10,283 | +6.0% |
| Amounts receivable within one year | 40/41 | €134,645 | €160,630 | +€25,985 | +19.3% |
| Trade receivables | 40 | €130,635 | €146,704 | +€16,069 | +12.3% |
| Other amounts receivable | 41 | €4,010 | €13,926 | +€9,916 | +247% |
| Cash at bank and in hand | 54/58 | €18,335 | €11,247 | -€7,088 | -38.7% |
| Deferred charges and accrued income | 490/1 | €17,398 | €8,784 | -€8,615 | -49.5% |
| Total equity and liabilities | 10/49 | €180,018 | €189,792 | +€9,774 | +5.4% |
| Equity | 10/15 | €23,542 | €6,848 | -€16,694 | -70.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,681 | €4,987 | -€16,694 | -77.0% |
| Amounts payable | 17/49 | €156,476 | €182,944 | +€26,467 | +16.9% |
| Amounts payable within one year | 42/48 | €156,476 | €182,944 | +€26,467 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €28,362 | +€3,362 | +13.4% |
| Trade debts | 44 | €94,198 | €130,999 | +€36,801 | +39.1% |
| Suppliers | 440/4 | €94,198 | €130,999 | +€36,801 | +39.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,278 | €23,555 | -€13,724 | -36.8% |
| Taxes | 450/3 | €19,383 | €14,559 | -€4,824 | -24.9% |
| Remuneration and social security | 454/9 | €17,896 | €8,996 | -€8,900 | -49.7% |
| Other amounts payable | 47/48 | - | €28 | +€28 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €726 | €0 | -€726 | -100% |
| Remuneration, social security and pensions | 62 | €101,238 | €60,185 | -€41,052 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,277 | €3,307 | -€3,971 | -54.6% |
| Other operating charges | 640/8 | €3,719 | €485 | -€3,233 | -87.0% |
| Gross operating margin | 9900 | €129,874 | €47,625 | -€82,249 | -63.3% |
| Operating profit (loss) | 9901 | €17,640 | -€16,353 | -€33,993 | |
| Financial income | 75/76B | €15 | €423 | +€409 | +2,765% |
| Recurring financial income | 75 | €15 | €423 | +€409 | +2,765% |
| Financial charges | 65/66B | €1,120 | €764 | -€356 | -31.8% |
| Recurring financial charges | 65 | €1,120 | €764 | -€356 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €16,535 | -€16,694 | -€33,229 | |
| Income taxes | 67/77 | €10,505 | €0 | -€10,505 | -100% |
| Profit (loss) for the period | 9904 | €6,030 | -€16,694 | -€22,724 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,030 | -€16,694 | -€22,724 |
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 14 October 2026 via checked.be.