CYRIEL MANAGEMENT: 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.
CYRIEL MANAGEMENT
Largest movements
- Deferred charges and accrued income +€59,464
up €59,464 (+2,478%), from €2,399 to €61,863
- Receivables within one year -€26,872
down €26,872 (-90.8%), from €29,594 to €2,722
of which Trade receivables: -€26,872
- Cash -€18,997
down €18,997 (-29.8%), from €63,662 to €44,665
mainly Deferred charges and accrued income (-€59,464) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets -€10,717
down €10,717 (-6.0%), from €177,804 to €167,087
of which Furniture and vehicles: -€36,937
- Reserves +€71,473
up €71,473 (+83.5%), from €85,631 to €157,104
- Tax, wage and social debts -€33,714
down €33,714 (-47.2%), from €71,370 to €37,656
- Debts after one year -€21,493
down €21,493 (-75.4%), from €28,493 to €7,000
- Other debts -€11,001
down €11,001 (-20.2%), from €54,386 to €43,385
- Current portion of long-term debt -€3,653
down €3,653 (-14.5%), from €25,146 to €21,493
- Gross operating margin +€49,439
up €49,439 (+31.0%), from €159,526 to €208,965
- Depreciation +€14,641
up €14,641 (+39.2%), from €37,385 to €52,027
- Taxes +€9,361
up €9,361 (+37.8%), from €24,781 to €34,142
- Financial income -€2,993
down €2,993 (-100.0%), from €2,993 to €0
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 | €273,459 | €276,337 | +€2,878 | +1.1% |
| Fixed assets | 21/28 | €177,804 | €167,087 | -€10,717 | -6.0% |
| Tangible fixed assets | 22/27 | €177,804 | €167,087 | -€10,717 | -6.0% |
| Land and buildings | 22 | €40,799 | €37,316 | -€3,483 | -8.5% |
| Plant, machinery and equipment | 23 | €19,735 | €49,439 | +€29,704 | +151% |
| Furniture and vehicles | 24 | €117,270 | €80,332 | -€36,937 | -31.5% |
| Current assets | 29/58 | €95,655 | €109,250 | +€13,595 | +14.2% |
| Amounts receivable within one year | 40/41 | €29,594 | €2,722 | -€26,872 | -90.8% |
| Trade receivables | 40 | €29,594 | €2,722 | -€26,872 | -90.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €63,662 | €44,665 | -€18,997 | -29.8% |
| Deferred charges and accrued income | 490/1 | €2,399 | €61,863 | +€59,464 | +2,478% |
| Total equity and liabilities | 10/49 | €273,459 | €276,337 | +€2,878 | +1.1% |
| Equity | 10/15 | €90,631 | €162,104 | +€71,473 | +78.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,631 | €157,104 | +€71,473 | +83.5% |
| Distributable reserves | 133 | €85,631 | €157,104 | +€71,473 | +83.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €182,828 | €114,232 | -€68,596 | -37.5% |
| Amounts payable after more than one year | 17 | €28,493 | €7,000 | -€21,493 | -75.4% |
| Financial debts | 170/4 | €28,493 | €7,000 | -€21,493 | -75.4% |
| Amounts payable within one year | 42/48 | €154,335 | €107,232 | -€47,102 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €25,146 | €21,493 | -€3,653 | -14.5% |
| Trade debts | 44 | €3,432 | €4,698 | +€1,266 | +36.9% |
| Suppliers | 440/4 | €3,432 | €4,698 | +€1,266 | +36.9% |
| Taxes, remuneration and social security | 45 | €71,370 | €37,656 | -€33,714 | -47.2% |
| Taxes | 450/3 | €71,370 | €37,656 | -€33,714 | -47.2% |
| Other amounts payable | 47/48 | €54,386 | €43,385 | -€11,001 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,385 | €52,027 | +€14,641 | +39.2% |
| Other operating charges | 640/8 | €935 | €1,070 | +€135 | +14.4% |
| Gross operating margin | 9900 | €159,526 | €208,965 | +€49,439 | +31.0% |
| Operating profit (loss) | 9901 | €121,206 | €155,869 | +€34,662 | +28.6% |
| Financial income | 75/76B | €2,993 | €0 | -€2,993 | -100.0% |
| Recurring financial income | 75 | €2,993 | €0 | -€2,993 | -100.0% |
| Financial charges | 65/66B | €446 | €254 | -€192 | -43.1% |
| Recurring financial charges | 65 | €446 | €254 | -€192 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €123,753 | €155,615 | +€31,862 | +25.7% |
| Income taxes | 67/77 | €24,781 | €34,142 | +€9,361 | +37.8% |
| Profit (loss) for the period | 9904 | €98,972 | €121,473 | +€22,501 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,972 | €121,473 | +€22,501 | +22.7% |
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 18 October 2026 via checked.be.