CYWOODS: 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.
CYWOODS
Largest movements
- Tangible fixed assets +€21,277
up €21,277 (+407%), from €5,226 to €26,504
of which Plant, machinery and equipment: +€21,858
- Deferred charges and accrued income +€5,637
up €5,637 (+175%), from €3,220 to €8,858
- Financial fixed assets +€3,385
up €3,385 (+169%), from €2,001 to €5,386
- Cash -€907
down €907 (-4.2%), from €21,822 to €20,915
mainly Investment in fixed assets (net) (-€26,906) and Deferred charges and accrued income (-€5,637)
- Debts after one year +€20,527
new in 2025: €20,527
- Trade debts +€5,871
up €5,871 (+237%), from €2,480 to €8,351
- Reserves +€4,500
up €4,500 (+24.3%), from €18,500 to €23,000
- Short-term financial debts -€3,548
no longer reported in 2025 (was €3,548)
- Current portion of long-term debt +€2,973
new in 2025: €2,973
- Staff costs -€35,294
down €35,294 (-71.2%), from €49,546 to €14,251
- Gross operating margin -€35,064
down €35,064 (-56.3%), from €62,329 to €27,266
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 | €48,965 | €77,956 | +€28,991 | +59.2% |
| Fixed assets | 21/28 | €7,227 | €31,890 | +€24,662 | +341% |
| Tangible fixed assets | 22/27 | €5,226 | €26,504 | +€21,277 | +407% |
| Plant, machinery and equipment | 23 | €3,859 | €25,717 | +€21,858 | +566% |
| Furniture and vehicles | 24 | €1,367 | €787 | -€580 | -42.5% |
| Financial fixed assets | 28 | €2,001 | €5,386 | +€3,385 | +169% |
| Current assets | 29/58 | €41,738 | €46,066 | +€4,328 | +10.4% |
| Amounts receivable within one year | 40/41 | €16,695 | €16,293 | -€402 | -2.4% |
| Trade receivables | 40 | €4,644 | €93 | -€4,551 | -98.0% |
| Other amounts receivable | 41 | €12,051 | €16,200 | +€4,149 | +34.4% |
| Cash at bank and in hand | 54/58 | €21,822 | €20,915 | -€907 | -4.2% |
| Deferred charges and accrued income | 490/1 | €3,220 | €8,858 | +€5,637 | +175% |
| Total equity and liabilities | 10/49 | €48,965 | €77,956 | +€28,991 | +59.2% |
| Equity | 10/15 | €36,126 | €40,765 | +€4,638 | +12.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €18,500 | €23,000 | +€4,500 | +24.3% |
| Distributable reserves | 133 | €18,500 | €23,000 | +€4,500 | +24.3% |
| Profit (loss) carried forward | 14 | €9,566 | €9,705 | +€138 | +1.4% |
| Amounts payable | 17/49 | €12,839 | €37,191 | +€24,352 | +190% |
| Amounts payable after more than one year | 17 | - | €20,527 | +€20,527 | |
| Financial debts | 170/4 | - | €20,527 | +€20,527 | |
| Amounts payable within one year | 42/48 | €12,830 | €16,664 | +€3,834 | +29.9% |
| Current portion of amounts payable after more than one year | 42 | - | €2,973 | +€2,973 | |
| Financial debts | 43 | €3,548 | - | -€3,548 | |
| Credit institutions | 430/8 | €3,548 | - | -€3,548 | |
| Trade debts | 44 | €2,480 | €8,351 | +€5,871 | +237% |
| Suppliers | 440/4 | €2,480 | €8,351 | +€5,871 | +237% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Taxes, remuneration and social security | 45 | €5,018 | €2,555 | -€2,462 | -49.1% |
| Taxes | 450/3 | €610 | €1,541 | +€931 | +153% |
| Remuneration and social security | 454/9 | €4,408 | €1,014 | -€3,394 | -77.0% |
| Other amounts payable | 47/48 | €1,784 | €1,784 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9 | - | -€9 | |
| Remuneration, social security and pensions | 62 | €49,546 | €14,251 | -€35,294 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,052 | €2,243 | +€192 | +9.3% |
| Other operating charges | 640/8 | €613 | €625 | +€12 | +2.0% |
| Gross operating margin | 9900 | €62,329 | €27,266 | -€35,064 | -56.3% |
| Operating profit (loss) | 9901 | €10,119 | €10,146 | +€26 | +0.3% |
| Financial income | 75/76B | €654 | €504 | -€150 | -22.9% |
| Recurring financial income | 75 | €654 | €504 | -€150 | -22.9% |
| Financial charges | 65/66B | €3,711 | €4,200 | +€489 | +13.2% |
| Recurring financial charges | 65 | €3,711 | €4,200 | +€489 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | €7,063 | €6,450 | -€613 | -8.7% |
| Income taxes | 67/77 | €2,280 | €1,811 | -€469 | -20.6% |
| Profit (loss) for the period | 9904 | €4,782 | €4,638 | -€144 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,782 | €4,638 | -€144 | -3.0% |
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 20 October 2026 via checked.be.