KYBELE: what changed
Two fiscal 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.
KYBELE
Largest movements
- Cash +€21,512
up €21,512 (+24.1%), from €89,153 to €110,665
mainly Other debts (+€42,257) and Net result for the year (+€21,490)
- Deferred charges and accrued income +€9,340
up €9,340 (+462.2%), from €2,021 to €11,361
- Receivables within one year -€7,508
down €7,508 (-38.6%), from €19,432 to €11,924
of which Other amounts receivable: -€4,495
- Tangible fixed assets -€2,364
down €2,364 (-38.7%), from €6,107 to €3,743
- Other debts +€42,257
up €42,257 (+5072.9%), from €833 to €43,090
- Profit (loss) carried forward -€21,600
down €21,600 (-100.0%), from €21,600 to €0
- Tax, wage and social debts +€3,154
up €3,154 (+87.2%), from €3,619 to €6,773
- Accrued charges and deferred income -€3,083
down €3,083 (-4.6%), from €66,850 to €63,767
- Gross operating margin +€25,484
up €25,484 (+657.0%), from €3,879 to €29,362
- Depreciation -€10,782
down €10,782 (-78.4%), from €13,745 to €2,963
- Taxes +€3,491
up €3,491 (+1824.2%), from €191 to €3,683
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.
Cash bridge derived
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 | €116,712 | €137,693 | +€20,980 | +18.0% |
| Fixed assets | 21/28 | €6,107 | €3,743 | -€2,364 | -38.7% |
| Tangible fixed assets | 22/27 | €6,107 | €3,743 | -€2,364 | -38.7% |
| Furniture and vehicles | 24 | €6,107 | €3,743 | -€2,364 | -38.7% |
| Current assets | 29/58 | €110,606 | €133,950 | +€23,344 | +21.1% |
| Amounts receivable within one year | 40/41 | €19,432 | €11,924 | -€7,508 | -38.6% |
| Trade receivables | 40 | €3,667 | €655 | -€3,013 | -82.1% |
| Other amounts receivable | 41 | €15,765 | €11,269 | -€4,495 | -28.5% |
| Cash at bank and in hand | 54/58 | €89,153 | €110,665 | +€21,512 | +24.1% |
| Deferred charges and accrued income | 490/1 | €2,021 | €11,361 | +€9,340 | +462.2% |
| Total equity and liabilities | 10/49 | €116,712 | €137,693 | +€20,980 | +18.0% |
| Equity | 10/15 | €43,245 | €21,645 | -€21,600 | -49.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €11,645 | €11,645 | = | 0.0% |
| Distributable reserves | 133 | €11,645 | €11,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,600 | €0 | -€21,600 | -100.0% |
| Amounts payable | 17/49 | €73,467 | €116,047 | +€42,580 | +58.0% |
| Amounts payable within one year | 42/48 | €6,617 | €52,281 | +€45,664 | +690.1% |
| Trade debts | 44 | €2,165 | €2,418 | +€252 | +11.7% |
| Suppliers | 440/4 | €2,165 | €2,418 | +€252 | +11.7% |
| Taxes, remuneration and social security | 45 | €3,619 | €6,773 | +€3,154 | +87.2% |
| Taxes | 450/3 | €3,619 | €6,773 | +€3,154 | +87.2% |
| Other amounts payable | 47/48 | €833 | €43,090 | +€42,257 | +5072.9% |
| Accrued charges and deferred income | 492/3 | €66,850 | €63,767 | -€3,083 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,745 | €2,963 | -€10,782 | -78.4% |
| Other operating charges | 640/8 | €756 | €695 | -€61 | -8.1% |
| Non-recurring operating charges | 66A | - | €687 | +€687 | |
| Gross operating margin | 9900 | €3,879 | €29,362 | +€25,484 | +657.0% |
| Operating profit (loss) | 9901 | -€10,622 | €25,017 | +€35,639 | |
| Financial income | 75/76B | €224 | €348 | +€124 | +55.3% |
| Recurring financial income | 75 | €224 | €348 | +€124 | +55.3% |
| Financial charges | 65/66B | €273 | €193 | -€80 | -29.4% |
| Recurring financial charges | 65 | €273 | €193 | -€80 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,671 | €25,173 | +€35,843 | |
| Income taxes | 67/77 | €191 | €3,683 | +€3,491 | +1824.2% |
| Profit (loss) for the period | 9904 | -€10,862 | €21,490 | +€32,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,862 | €21,490 | +€32,352 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.