LE CYGNE BLANC: what changed
What changed
LE CYGNE BLANC
NACE 10.520, Manufacture of food products
filed annual accounts (NBB)
Net result for the year
€14,396
2024 · €11,866+€2,531
Equity
€30,779
2024 · €16,383+€14,396
Cash
€8,637
2024 · €5,899+€2,738
Balance sheet total
€87,631
2024 · €46,429+€41,202
Largest movements
Assets
- Tangible fixed assets +€33,646
up €33,646 (+321%), from €10,486 to €44,132
of which Plant, machinery and equipment: +€35,013
- Deferred charges and accrued income +€12,305
up €12,305 (+1,084%), from €1,135 to €13,440
- Current investments -€3,933
down €3,933 (-19.6%), from €20,112 to €16,179
- Stocks and contracts -€3,514
down €3,514 (-41.4%), from €8,494 to €4,980
- Cash +€2,738
up €2,738 (+46.4%), from €5,899 to €8,637
mainly Debts after one year (+€22,899) and Net result for the year (+€14,396)
Equity and liabilities
- Debts after one year +€22,899
new in 2025: €22,899
- Profit (loss) carried forward +€14,396
up €14,396 (+11.3%), from -€127,928 to -€113,532
- Current portion of long-term debt +€5,735
new in 2025: €5,735
- Other debts -€5,399
down €5,399 (-29.9%), from €18,085 to €12,686
- Trade debts +€1,942
up €1,942 (+54.2%), from €3,580 to €5,522
Income statement
- Gross operating margin +€3,608
up €3,608 (+3.8%), from €94,741 to €98,349
- Depreciation +€2,640
up €2,640 (+77.9%), from €3,388 to €6,028
- Staff costs -€2,292
down €2,292 (-3.0%), from €76,881 to €74,588
- Financial charges +€1,264
up €1,264 (+171%), from €741 to €2,005
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€11,866
Gross operating margin
+€3,608
Staff costs
+€2,292
Depreciation
-€2,640
Other operating charges
+€353
Other operating items
+€139
Financial income
+€60
Financial charges
-€1,264
Taxes
-€17
Result 2025
€14,396
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€9,846
Investment
-€35,742
Financing
+€28,634
Cash 2024
€5,899
From operations (derived)
+€9,846
Net result for the year
+€14,396
Depreciation
+€6,028
Stocks and contracts
+€3,514
Receivables within one year
+€40
Deferred charges and accrued income
-€12,305
Trade debts
+€1,942
Tax, wage and social debts
+€1,629
Other debts
-€5,399
Investment (derived)
-€35,742
Investment in fixed assets (net)
-€39,675
Current investments
+€3,933
Financing
+€28,634
Debts after one year
+€22,899
Current portion of long-term debt
+€5,735
Cash 2025
€8,637
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,429 | €87,631 | +€41,202 | +88.7% |
| Fixed assets | 21/28 | €10,736 | €44,382 | +€33,646 | +313% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €10,486 | €44,132 | +€33,646 | +321% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €7,758 | €42,771 | +€35,013 | +451% |
| Furniture and vehicles | 24 | €2,728 | €1,361 | -€1,366 | -50.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €35,693 | €43,249 | +€7,556 | +21.2% |
| Stocks and contracts in progress | 3 | €8,494 | €4,980 | -€3,514 | -41.4% |
| Stocks | 30/36 | €8,494 | €4,980 | -€3,514 | -41.4% |
| Amounts receivable within one year | 40/41 | €53 | €13 | -€40 | -75.3% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €53 | €13 | -€40 | -75.3% |
| Current investments | 50/53 | €20,112 | €16,179 | -€3,933 | -19.6% |
| Cash at bank and in hand | 54/58 | €5,899 | €8,637 | +€2,738 | +46.4% |
| Deferred charges and accrued income | 490/1 | €1,135 | €13,440 | +€12,305 | +1,084% |
| Total equity and liabilities | 10/49 | €46,429 | €87,631 | +€41,202 | +88.7% |
| Equity | 10/15 | €16,383 | €30,779 | +€14,396 | +87.9% |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Capital | 10 | €144,000 | €144,000 | = | 0.0% |
| Issued capital | 100 | €144,000 | €144,000 | = | 0.0% |
| Reserves | 13 | €311 | €311 | = | 0.0% |
| Non-distributable reserves | 130/1 | €311 | €311 | = | 0.0% |
| Legal reserve | 130 | €311 | €311 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,928 | -€113,532 | +€14,396 | +11.3% |
| Amounts payable | 17/49 | €30,046 | €56,852 | +€26,806 | +89.2% |
| Amounts payable after more than one year | 17 | - | €22,899 | +€22,899 | |
| Financial debts | 170/4 | - | €22,899 | +€22,899 | |
| Amounts payable within one year | 42/48 | €30,046 | €33,953 | +€3,907 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | - | €5,735 | +€5,735 | |
| Trade debts | 44 | €3,580 | €5,522 | +€1,942 | +54.2% |
| Suppliers | 440/4 | €3,580 | €5,522 | +€1,942 | +54.2% |
| Taxes, remuneration and social security | 45 | €8,381 | €10,010 | +€1,629 | +19.4% |
| Taxes | 450/3 | €841 | €1,412 | +€571 | +68.0% |
| Remuneration and social security | 454/9 | €7,541 | €8,598 | +€1,058 | +14.0% |
| Other amounts payable | 47/48 | €18,085 | €12,686 | -€5,399 | -29.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €76,881 | €74,588 | -€2,292 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,388 | €6,028 | +€2,640 | +77.9% |
| Other operating charges | 640/8 | €1,637 | €1,284 | -€353 | -21.5% |
| Non-recurring operating charges | 66A | €139 | - | -€139 | |
| Gross operating margin | 9900 | €94,741 | €98,349 | +€3,608 | +3.8% |
| Operating profit (loss) | 9901 | €12,697 | €16,448 | +€3,752 | +29.5% |
| Financial income | 75/76B | €51 | €111 | +€60 | +118% |
| Recurring financial income | 75 | €51 | €111 | +€60 | +118% |
| Financial charges | 65/66B | €741 | €2,005 | +€1,264 | +171% |
| Recurring financial charges | 65 | €741 | €2,005 | +€1,264 | +171% |
| Profit (loss) for the period before taxes | 9903 | €12,007 | €14,554 | +€2,548 | +21.2% |
| Income taxes | 67/77 | €141 | €158 | +€17 | +11.9% |
| Profit (loss) for the period | 9904 | €11,866 | €14,396 | +€2,531 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,866 | €14,396 | +€2,531 | +21.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.