EL Cydelsi: 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.
EL Cydelsi
Largest movements
- Cash +€53,968
up €53,968 (+190%), from €28,384 to €82,353
mainly Net result for the year (+€41,014) and Tax, wage and social debts (+€11,250)
- Receivables within one year -€4,790
down €4,790 (-17.1%), from €27,977 to €23,187
of which Trade receivables: -€2,584
- Tangible fixed assets +€2,107
new in 2025: €2,107
- Profit (loss) carried forward +€41,014
up €41,014 (+98.2%), from €41,763 to €82,777
- Tax, wage and social debts +€11,250
up €11,250 (+99.0%), from €11,360 to €22,610
No income-statement line moved by more than 1% of the activity.
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 | €57,081 | €109,046 | +€51,965 | +91.0% |
| Fixed assets | 21/28 | - | €2,107 | +€2,107 | |
| Tangible fixed assets | 22/27 | - | €2,107 | +€2,107 | |
| Furniture and vehicles | 24 | - | €2,107 | +€2,107 | |
| Current assets | 29/58 | €57,081 | €106,939 | +€49,858 | +87.3% |
| Amounts receivable within one year | 40/41 | €27,977 | €23,187 | -€4,790 | -17.1% |
| Trade receivables | 40 | €11,583 | €8,999 | -€2,584 | -22.3% |
| Other amounts receivable | 41 | €16,394 | €14,188 | -€2,206 | -13.5% |
| Cash at bank and in hand | 54/58 | €28,384 | €82,353 | +€53,968 | +190% |
| Deferred charges and accrued income | 490/1 | €719 | €1,399 | +€680 | +94.6% |
| Total equity and liabilities | 10/49 | €57,081 | €109,046 | +€51,965 | +91.0% |
| Equity | 10/15 | €44,763 | €85,777 | +€41,014 | +91.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,763 | €82,777 | +€41,014 | +98.2% |
| Amounts payable | 17/49 | €12,318 | €23,269 | +€10,951 | +88.9% |
| Amounts payable within one year | 42/48 | €12,118 | €23,269 | +€11,151 | +92.0% |
| Trade debts | 44 | €757 | €659 | -€99 | -13.0% |
| Suppliers | 440/4 | €757 | €659 | -€99 | -13.0% |
| Taxes, remuneration and social security | 45 | €11,360 | €22,610 | +€11,250 | +99.0% |
| Taxes | 450/3 | €11,360 | €22,610 | +€11,250 | +99.0% |
| Accrued charges and deferred income | 492/3 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €377 | +€377 | |
| Other operating charges | 640/8 | €176 | €179 | +€3 | +1.9% |
| Gross operating margin | 9900 | €53,334 | €52,933 | -€401 | -0.8% |
| Operating profit (loss) | 9901 | €53,158 | €52,377 | -€781 | -1.5% |
| Financial charges | 65/66B | €34 | €113 | +€79 | +232% |
| Recurring financial charges | 65 | €34 | €113 | +€79 | +232% |
| Profit (loss) for the period before taxes | 9903 | €53,124 | €52,264 | -€859 | -1.6% |
| Income taxes | 67/77 | €11,360 | €11,250 | -€110 | -1.0% |
| Profit (loss) for the period | 9904 | €41,763 | €41,014 | -€749 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,763 | €41,014 | -€749 | -1.8% |
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 14 October 2026 via checked.be.