Citadelpark: 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.
Citadelpark
Largest movements
- Cash +€304,879
up €304,879 (+210%), from €145,047 to €449,926
mainly Other debts (+€342,172) and Net result for the year (+€287,771)
- Current investments -€155,450
down €155,450 (-34.5%), from €450,000 to €294,550
- Deferred charges and accrued income +€38,250
up €38,250 (+63.4%), from €60,366 to €98,617
- Tangible fixed assets -€24,798
down €24,798 (-8.4%), from €294,219 to €269,421
- Other debts +€342,172
up €342,172 (+360%), from €95,174 to €437,346
- Reserves -€161,786
down €161,786 (-37.7%), from €429,412 to €267,626
of which Distributable reserves: -€159,926
- Debts after one year -€24,628
down €24,628 (-7.6%), from €322,705 to €298,077
- Tax, wage and social debts +€19,485
up €19,485 (+36.2%), from €53,774 to €73,259
of which Taxes: +€27,473
- Gross operating margin +€117,228
up €117,228 (+21.1%), from €554,829 to €672,057
- Depreciation -€65,845
down €65,845 (-72.6%), from €90,643 to €24,798
- Taxes +€42,778
up €42,778 (+81.4%), from €52,570 to €95,348
- Staff costs +€8,657
up €8,657 (+3.5%), from €249,127 to €257,783
- Financial income -€7,366
down €7,366 (-45.5%), from €16,174 to €8,809
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 | €964,229 | €1,126,261 | +€162,032 | +16.8% |
| Fixed assets | 21/28 | €294,219 | €269,421 | -€24,798 | -8.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €294,219 | €269,421 | -€24,798 | -8.4% |
| Land and buildings | 22 | €294,219 | €269,421 | -€24,798 | -8.4% |
| Current assets | 29/58 | €670,010 | €856,840 | +€186,831 | +27.9% |
| Amounts receivable within one year | 40/41 | €14,596 | €13,748 | -€848 | -5.8% |
| Other amounts receivable | 41 | €14,596 | €13,748 | -€848 | -5.8% |
| Current investments | 50/53 | €450,000 | €294,550 | -€155,450 | -34.5% |
| Cash at bank and in hand | 54/58 | €145,047 | €449,926 | +€304,879 | +210% |
| Deferred charges and accrued income | 490/1 | €60,366 | €98,617 | +€38,250 | +63.4% |
| Total equity and liabilities | 10/49 | €964,229 | €1,126,261 | +€162,032 | +16.8% |
| Equity | 10/15 | €448,012 | €286,226 | -€161,786 | -36.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €429,412 | €267,626 | -€161,786 | -37.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €427,552 | €267,626 | -€159,926 | -37.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €516,217 | €840,035 | +€323,818 | +62.7% |
| Amounts payable after more than one year | 17 | €322,705 | €298,077 | -€24,628 | -7.6% |
| Financial debts | 170/4 | €322,705 | €298,077 | -€24,628 | -7.6% |
| Amounts payable within one year | 42/48 | €189,554 | €539,365 | +€349,811 | +185% |
| Current portion of amounts payable after more than one year | 42 | €33,441 | €24,628 | -€8,813 | -26.4% |
| Trade debts | 44 | €7,166 | €4,132 | -€3,034 | -42.3% |
| Suppliers | 440/4 | €7,166 | €4,132 | -€3,034 | -42.3% |
| Taxes, remuneration and social security | 45 | €53,774 | €73,259 | +€19,485 | +36.2% |
| Taxes | 450/3 | €2,308 | €29,781 | +€27,473 | +1,191% |
| Remuneration and social security | 454/9 | €51,466 | €43,478 | -€7,988 | -15.5% |
| Other amounts payable | 47/48 | €95,174 | €437,346 | +€342,172 | +360% |
| Accrued charges and deferred income | 492/3 | €3,958 | €2,594 | -€1,364 | -34.5% |
| Remuneration, social security and pensions | 62 | €249,127 | €257,783 | +€8,657 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,643 | €24,798 | -€65,845 | -72.6% |
| Other operating charges | 640/8 | €7,388 | €7,587 | +€199 | +2.7% |
| Gross operating margin | 9900 | €554,829 | €672,057 | +€117,228 | +21.1% |
| Operating profit (loss) | 9901 | €207,671 | €381,889 | +€174,218 | +83.9% |
| Financial income | 75/76B | €16,174 | €8,809 | -€7,366 | -45.5% |
| Recurring financial income | 75 | €16,174 | €8,809 | -€7,366 | -45.5% |
| Financial charges | 65/66B | €9,489 | €7,578 | -€1,910 | -20.1% |
| Recurring financial charges | 65 | €9,489 | €7,578 | -€1,910 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €214,356 | €383,119 | +€168,763 | +78.7% |
| Income taxes | 67/77 | €52,570 | €95,348 | +€42,778 | +81.4% |
| Profit (loss) for the period | 9904 | €161,786 | €287,771 | +€125,985 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €161,786 | €287,771 | +€125,985 | +77.9% |
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 19 October 2026 via checked.be.