CIT BLATON REAL ESTATE DEVELOPMENT: 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.
What changed
CIT BLATON REAL ESTATE DEVELOPMENT
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5.2m
2024 · €77,980-€5.3m
Equity
-
not filed
Cash
€1.3m
2024 · €251,718+€1.0m
Balance sheet total
€14.4m
2024 · €9.7m+€4.6m
Largest movements
Assets
- Stocks and contracts +€3.4m
up €3.4m (+56.1%), from €6.1m to €9.5m
of which Contracts in progress: +€3.0m
- Cash +€1.0m
up €1.0m (+402%), from €251,718 to €1.3m
mainly Trade debts (+€7.8m) and Debts after one year (+€2.2m)
- Receivables within one year +€850,468
up €850,468 (+32.3%), from €2.6m to €3.5m
of which Trade receivables: +€776,344
- Current investments -€450,000
no longer reported in 2025 (was €450,000)
- Financial fixed assets -€200,000
down €200,000 (-66.4%), from €301,422 to €101,422
Equity and liabilities
- Trade debts +€7.8m
up €7.8m (+280%), from €2.8m to €10.6m
- Profit (loss) carried forward -€5.2m
down €5.2m (-499%), from -€1.0m to -€6.3m
- Debts after one year +€2.2m
up €2.2m (+76.7%), from €2.8m to €5.0m
Income statement
- Goods and materials +€10.3m
up €10.3m (+66.8%), from €15.4m to €25.8m
- Turnover +€4.3m
up €4.3m (+29.2%), from €14.7m to €19.0m
- Write-downs +€3.8m
new in 2025: €3.8m
- Financial charges +€881,571
up €881,571 (+360%), from €245,128 to €1.1m
of which Financial charges: +€781,571
- Other operating income +€231,620
up €231,620 (+85.7%), from €270,410 to €502,030
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.
Result 2024
€77,980
Turnover
+€4.3m
Other operating income
+€231,620
Goods and materials
-€10.3m
Services and other goods
+€32,377
Write-downs
-€3.8m
Other operating charges
+€29,770
Other operating items
+€5.5m
Financial income
-€410,720
Financial charges
-€881,571
Other financial items
-€19
Result 2025
-€5.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.8m
Investment
+€650,000
Financing
+€2.2m
Cash 2024
€251,718
From operations (derived)
-€1.8m
Net result for the year
-€5.2m
Stocks and contracts
-€3.4m
Receivables within one year
-€850,468
Trade debts
+€7.8m
Tax, wage and social debts
-€32,341
Other debts
+€73,586
Accrued charges and deferred income
-€133,967
Investment (derived)
+€650,000
Investment in fixed assets (net)
+€200,000
Current investments
+€450,000
Financing
+€2.2m
Debts after one year
+€2.2m
Not broken down
+€2
Cash 2025
€1.3m
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,732,191 | €14,364,321 | +€4.6m | +47.6% |
| Fixed assets | 21/28 | €301,422 | €101,422 | -€200,000 | -66.4% |
| Financial fixed assets | 28 | €301,422 | €101,422 | -€200,000 | -66.4% |
| Affiliated companies | 280/1 | €301,422 | €101,422 | -€200,000 | -66.4% |
| Participating interests | 280 | €301,422 | €101,422 | -€200,000 | -66.4% |
| Current assets | 29/58 | €9,430,769 | €14,262,899 | +€4.8m | +51.2% |
| Stocks and contracts in progress | 3 | €6,092,788 | €9,511,490 | +€3.4m | +56.1% |
| Stocks | 30/36 | €4,639,942 | €5,036,183 | +€396,241 | +8.5% |
| Property held for sale | 35 | €4,639,942 | €5,036,183 | +€396,241 | +8.5% |
| Contracts in progress | 37 | €1,452,845 | €4,475,307 | +€3.0m | +208% |
| Amounts receivable within one year | 40/41 | €2,636,263 | €3,486,731 | +€850,468 | +32.3% |
| Trade receivables | 40 | €1,752,871 | €2,529,215 | +€776,344 | +44.3% |
| Other amounts receivable | 41 | €883,392 | €957,516 | +€74,124 | +8.4% |
| Current investments | 50/53 | €450,000 | - | -€450,000 | |
| Other investments | 51/53 | €450,000 | - | -€450,000 | |
| Cash at bank and in hand | 54/58 | €251,718 | €1,264,679 | +€1.0m | +402% |
| Total equity and liabilities | 10/49 | €9,732,191 | €14,364,321 | +€4.6m | +47.6% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Capital | 10 | €5,000,000 | €5,000,000 | = | 0.0% |
| Issued capital | 100 | €5,000,000 | €5,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,049,459 | -€6,290,961 | -€5.2m | -499% |
| Amounts payable | 17/49 | €5,781,650 | €15,655,282 | +€9.9m | +171% |
| Amounts payable after more than one year | 17 | €2,830,000 | €5,000,000 | +€2.2m | +76.7% |
| Other amounts payable | 178/9 | €2,830,000 | €5,000,000 | +€2.2m | +76.7% |
| Amounts payable within one year | 42/48 | €2,817,458 | €10,655,057 | +€7.8m | +278% |
| Trade debts | 44 | €2,785,118 | €10,581,471 | +€7.8m | +280% |
| Suppliers | 440/4 | €2,785,118 | €10,581,471 | +€7.8m | +280% |
| Taxes, remuneration and social security | 45 | €32,341 | €0 | -€32,341 | -100% |
| Taxes | 450/3 | €32,341 | €0 | -€32,341 | -100% |
| Other amounts payable | 47/48 | - | €73,586 | +€73,586 | |
| Accrued charges and deferred income | 492/3 | €134,192 | €225 | -€133,967 | -99.8% |
| Operating income | 70/76A | €16,285,603 | €26,267,788 | +€10.0m | +61.3% |
| Turnover | 70 | €14,696,222 | €18,990,797 | +€4.3m | +29.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,318,972 | €6,774,962 | +€5.5m | +414% |
| Other operating income | 74 | €270,410 | €502,030 | +€231,620 | +85.7% |
| Operating charges | 60/66A | €16,463,524 | €30,472,880 | +€14.0m | +85.1% |
| Goods for resale, raw materials and consumables | 60 | €15,446,754 | €25,765,759 | +€10.3m | +66.8% |
| Change in stocks: decrease (increase) | 609 | -€278,645 | -€396,241 | -€117,596 | -42.2% |
| Services and other goods | 61 | €986,999 | €954,622 | -€32,377 | -3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,752,500 | +€3.8m | |
| Other operating charges | 640/8 | €29,770 | - | -€29,770 | |
| Operating profit (loss) | 9901 | -€177,920 | -€4,205,092 | -€4.0m | -2,263% |
| Recurring financial income | 75 | €501,010 | €90,290 | -€410,720 | -82.0% |
| Income from financial fixed assets | 750 | €500,016 | €90,000 | -€410,016 | -82.0% |
| Income from current assets | 751 | €994 | €290 | -€704 | -70.8% |
| Non-recurring financial income | 76B | €19 | - | -€19 | |
| Financial charges | 65/66B | €245,128 | €1,126,699 | +€881,571 | +360% |
| Recurring financial charges | 65 | €145,128 | €926,699 | +€781,571 | +539% |
| Debt charges | 650 | €141,409 | €211,956 | +€70,547 | +49.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €697,266 | +€697,266 | |
| Other financial charges | 652/9 | €3,719 | €17,478 | +€13,759 | +370% |
| Non-recurring financial charges | 66B | €100,000 | €200,000 | +€100,000 | +100% |
| Profit (loss) for the period before taxes | 9903 | €77,980 | -€5,241,502 | -€5.3m | |
| Profit (loss) for the period | 9904 | €77,980 | -€5,241,502 | -€5.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €77,980 | -€5,241,502 | -€5.3m |
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 29 October 2026 via checked.be.