CITADELLE: 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.
CITADELLE
Largest movements
- Receivables within one year +€81,955
up €81,955 (+1095.4%), from €7,482 to €89,437
of which Other amounts receivable: +€71,102
- Cash +€39,573
up €39,573 (+38.3%), from €103,235 to €142,808
mainly Debts within one year (+€164,595) and Depreciation (+€8,190)
- Tangible fixed assets +€15,810
up €15,810 (+4160.5%), from €380 to €16,190
- Debts within one year +€164,595
up €164,595 (+374.1%), from €43,994 to €208,589
- Accrued charges and deferred income -€35,191
no longer reported in 2025 (was €35,191)
- Profit (loss) carried forward +€7,934
up €7,934 (+22.1%), from €35,967 to €43,901
- Gross operating margin +€47,273
up €47,273 (+9.5%), from €495,294 to €542,567
- Financial charges +€44,830
up €44,830 (+9020.0%), from €497 to €45,327
of which Non-recurring financial charges: +€44,775
- Staff costs -€9,352
down €9,352 (-1.9%), from €490,538 to €481,186
- Depreciation +€8,000
up €8,000 (+4210.5%), from €190 to €8,190
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 | €115,152 | €252,490 | +€137,338 | +119.3% |
| Fixed assets | 21/28 | €4,435 | €20,245 | +€15,810 | +356.5% |
| Tangible fixed assets | 22/27 | €380 | €16,190 | +€15,810 | +4160.5% |
| Furniture and vehicles | 24 | €380 | €16,190 | +€15,810 | +4160.5% |
| Financial fixed assets | 28 | €4,055 | €4,055 | = | 0.0% |
| Current assets | 29/58 | €110,717 | €232,245 | +€121,528 | +109.8% |
| Amounts receivable within one year | 40/41 | €7,482 | €89,437 | +€81,955 | +1095.4% |
| Trade receivables | 40 | €7,482 | €18,335 | +€10,853 | +145.1% |
| Other amounts receivable | 41 | - | €71,102 | +€71,102 | |
| Cash at bank and in hand | 54/58 | €103,235 | €142,808 | +€39,573 | +38.3% |
| Total equity and liabilities | 10/49 | €115,152 | €252,490 | +€137,338 | +119.3% |
| Equity | 10/15 | €35,967 | €43,901 | +€7,934 | +22.1% |
| Profit (loss) carried forward | 14 | €35,967 | €43,901 | +€7,934 | +22.1% |
| Amounts payable | 17/49 | €79,185 | €208,589 | +€129,404 | +163.4% |
| Amounts payable within one year | 42/48 | €43,994 | €208,589 | +€164,595 | +374.1% |
| Trade debts | 44 | €31,638 | €43,594 | +€11,956 | +37.8% |
| Suppliers | 440/4 | €31,638 | €21,212 | -€10,426 | -33.0% |
| Bills of exchange payable | 441 | - | €22,382 | +€22,382 | |
| Taxes, remuneration and social security | 45 | €4,557 | - | -€4,557 | |
| Taxes | 450/3 | €999 | - | -€999 | |
| Remuneration and social security | 454/9 | €3,558 | - | -€3,558 | |
| Accrued charges and deferred income | 492/3 | €35,191 | - | -€35,191 | |
| Non-recurring operating income | 76A | - | €21,424 | +€21,424 | |
| Remuneration, social security and pensions | 62 | €490,538 | €481,186 | -€9,352 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190 | €8,190 | +€8,000 | +4210.5% |
| Non-recurring operating charges | 66A | €5,302 | - | -€5,302 | |
| Gross operating margin | 9900 | €495,294 | €542,567 | +€47,273 | +9.5% |
| Operating profit (loss) | 9901 | -€736 | €53,191 | +€53,927 | |
| Financial income | 75/76B | - | €70 | +€70 | |
| Recurring financial income | 75 | - | €70 | +€70 | |
| Financial charges | 65/66B | €497 | €45,327 | +€44,830 | +9020.0% |
| Recurring financial charges | 65 | €497 | €55 | -€442 | -89.0% |
| Non-recurring financial charges | 66B | €497 | €45,272 | +€44,775 | +9009.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,233 | €7,935 | +€9,168 | |
| Profit (loss) for the period | 9904 | -€1,233 | €7,935 | +€9,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,233 | €7,935 | +€9,168 |
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 10 October 2026 via checked.be.