CYVARE: 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.
CYVARE
Largest movements
- Receivables within one year +€78,145
up €78,145 (+10.3%), from €757,838 to €835,983
- Tangible fixed assets -€45,875
down €45,875 (-9.1%), from €503,810 to €457,935
of which Land and buildings: -€27,366
- Cash +€39,777
up €39,777 (+63.0%), from €63,144 to €102,921
mainly Other debts (+€730,000) and Net result for the year (+€85,683)
- Other debts +€730,000
up €730,000, from €0 to €730,000
- Reserves -€644,762
down €644,762 (-59.2%), from €1.1m to €444,238
of which Distributable reserves: -€639,000
- Debts after one year -€22,143
down €22,143 (-33.4%), from €66,200 to €44,057
- Gross operating margin +€6,095
up €6,095 (+4.0%), from €151,841 to €157,936
- Taxes +€2,290
up €2,290 (+5.7%), from €40,328 to €42,619
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 | €1,325,159 | €1,397,205 | +€72,047 | +5.4% |
| Fixed assets | 21/28 | €503,810 | €457,935 | -€45,875 | -9.1% |
| Tangible fixed assets | 22/27 | €503,810 | €457,935 | -€45,875 | -9.1% |
| Land and buildings | 22 | €455,992 | €428,625 | -€27,366 | -6.0% |
| Furniture and vehicles | 24 | €47,818 | €29,310 | -€18,509 | -38.7% |
| Current assets | 29/58 | €821,349 | €939,271 | +€117,922 | +14.4% |
| Amounts receivable within one year | 40/41 | €757,838 | €835,983 | +€78,145 | +10.3% |
| Other amounts receivable | 41 | €757,838 | €835,983 | +€78,145 | +10.3% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,144 | €102,921 | +€39,777 | +63.0% |
| Deferred charges and accrued income | 490/1 | €117 | €117 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,325,159 | €1,397,205 | +€72,047 | +5.4% |
| Equity | 10/15 | €1,209,595 | €565,279 | -€644,317 | -53.3% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,089,000 | €444,238 | -€644,762 | -59.2% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €91,000 | €85,238 | -€5,762 | -6.3% |
| Distributable reserves | 133 | €991,000 | €352,000 | -€639,000 | -64.5% |
| Profit (loss) carried forward | 14 | €50,595 | €51,041 | +€445 | +0.9% |
| Provisions and deferred taxes | 16 | €23,981 | €22,136 | -€1,845 | -7.7% |
| Deferred taxes | 168 | €23,981 | €22,136 | -€1,845 | -7.7% |
| Amounts payable | 17/49 | €91,582 | €809,791 | +€718,208 | +784% |
| Amounts payable after more than one year | 17 | €66,200 | €44,057 | -€22,143 | -33.4% |
| Financial debts | 170/4 | €66,200 | €44,057 | -€22,143 | -33.4% |
| Amounts payable within one year | 42/48 | €21,752 | €762,103 | +€740,351 | +3,404% |
| Current portion of amounts payable after more than one year | 42 | €20,896 | €22,143 | +€1,247 | +6.0% |
| Trade debts | 44 | - | €7,460 | +€7,460 | |
| Suppliers | 440/4 | - | €7,460 | +€7,460 | |
| Taxes, remuneration and social security | 45 | €856 | €2,500 | +€1,644 | +192% |
| Taxes | 450/3 | €856 | €2,500 | +€1,644 | +192% |
| Other amounts payable | 47/48 | €0 | €730,000 | +€730,000 | |
| Accrued charges and deferred income | 492/3 | €3,630 | €3,630 | = | 0.0% |
| Non-recurring operating income | 76A | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,596 | €53,335 | -€1,261 | -2.3% |
| Other operating charges | 640/8 | €16,406 | €16,922 | +€515 | +3.1% |
| Gross operating margin | 9900 | €151,841 | €157,936 | +€6,095 | +4.0% |
| Operating profit (loss) | 9901 | €80,839 | €87,679 | +€6,840 | +8.5% |
| Financial income | 75/76B | €43,403 | €43,499 | +€96 | +0.2% |
| Recurring financial income | 75 | €43,403 | €43,499 | +€96 | +0.2% |
| Financial charges | 65/66B | €5,903 | €4,721 | -€1,183 | -20.0% |
| Recurring financial charges | 65 | €5,903 | €4,721 | -€1,183 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €118,339 | €126,457 | +€8,118 | +6.9% |
| Transfer from deferred taxes | 780 | €1,845 | €1,845 | = | 0.0% |
| Income taxes | 67/77 | €40,328 | €42,619 | +€2,290 | +5.7% |
| Profit (loss) for the period | 9904 | €79,855 | €85,683 | +€5,828 | +7.3% |
| Transfer from tax-exempt reserves | 789 | €5,762 | €5,762 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,617 | €91,445 | +€5,828 | +6.8% |
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 15 October 2026 via checked.be.