CITADIM 3: 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.
CITADIM 3
Largest movements
- Tangible fixed assets -€54,488
down €54,488 (-3.2%), from €1.7m to €1.6m
of which Land and buildings: -€45,621
- Cash -€41,580
down €41,580 (-74.9%), from €55,524 to €13,944
mainly Debts after one year (-€55,382) and Accrued charges and deferred income (-€28,756)
- Debts after one year -€55,382
down €55,382 (-12.0%), from €462,082 to €406,700
of which Financial debts: -€56,237
- Accrued charges and deferred income -€28,756
down €28,756 (-48.0%), from €59,958 to €31,201
- Other debts +€24,175
up €24,175 (+3.5%), from €694,382 to €718,558
- Depreciation -€38,838
down €38,838 (-37.3%), from €104,113 to €65,275
- Gross operating margin -€27,679
down €27,679 (-21.3%), from €129,990 to €102,311
- Financial charges -€24,415
down €24,415 (-61.1%), from €39,941 to €15,526
- Other operating charges +€6,920
up €6,920 (+19.7%), from €35,054 to €41,974
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 | €1,794,719 | €1,701,118 | -€93,601 | -5.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,707,199 | €1,652,711 | -€54,488 | -3.2% |
| Tangible fixed assets | 22/27 | €1,692,487 | €1,637,999 | -€54,488 | -3.2% |
| Land and buildings | 22 | €1,626,027 | €1,580,406 | -€45,621 | -2.8% |
| Plant, machinery and equipment | 23 | €578 | €0 | -€578 | -100% |
| Furniture and vehicles | 24 | €57,573 | €42,419 | -€15,154 | -26.3% |
| Other tangible fixed assets | 26 | €8,309 | €15,174 | +€6,865 | +82.6% |
| Financial fixed assets | 28 | €14,712 | €14,712 | = | 0.0% |
| Current assets | 29/58 | €87,521 | €48,407 | -€39,113 | -44.7% |
| Amounts receivable within one year | 40/41 | €15,498 | €24,696 | +€9,198 | +59.4% |
| Trade receivables | 40 | €14,240 | €24,606 | +€10,366 | +72.8% |
| Other amounts receivable | 41 | €1,258 | €90 | -€1,168 | -92.9% |
| Cash at bank and in hand | 54/58 | €55,524 | €13,944 | -€41,580 | -74.9% |
| Deferred charges and accrued income | 490/1 | €16,499 | €9,767 | -€6,732 | -40.8% |
| Total equity and liabilities | 10/49 | €1,794,719 | €1,701,118 | -€93,601 | -5.2% |
| Equity | 10/15 | €417,313 | €397,334 | -€19,980 | -4.8% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €210,476 | €205,827 | -€4,649 | -2.2% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €40,000 | €40,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,870 | €116,221 | -€4,649 | -3.8% |
| Distributable reserves | 133 | €49,606 | €49,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,163 | -€58,493 | -€15,331 | -35.5% |
| Provisions and deferred taxes | 16 | €40,290 | €38,740 | -€1,549 | -3.8% |
| Deferred taxes | 168 | €40,290 | €38,740 | -€1,549 | -3.8% |
| Amounts payable | 17/49 | €1,337,116 | €1,265,044 | -€72,072 | -5.4% |
| Amounts payable after more than one year | 17 | €462,082 | €406,700 | -€55,382 | -12.0% |
| Financial debts | 170/4 | €447,126 | €390,889 | -€56,237 | -12.6% |
| Other amounts payable | 178/9 | €14,956 | €15,811 | +€855 | +5.7% |
| Amounts payable within one year | 42/48 | €815,077 | €827,143 | +€12,066 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €66,730 | €56,237 | -€10,493 | -15.7% |
| Trade debts | 44 | €53,964 | €52,348 | -€1,616 | -3.0% |
| Suppliers | 440/4 | €53,964 | €52,348 | -€1,616 | -3.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Other amounts payable | 47/48 | €694,382 | €718,558 | +€24,175 | +3.5% |
| Accrued charges and deferred income | 492/3 | €59,958 | €31,201 | -€28,756 | -48.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,113 | €65,275 | -€38,838 | -37.3% |
| Other operating charges | 640/8 | €35,054 | €41,974 | +€6,920 | +19.7% |
| Gross operating margin | 9900 | €129,990 | €102,311 | -€27,679 | -21.3% |
| Operating profit (loss) | 9901 | -€9,177 | -€4,938 | +€4,239 | +46.2% |
| Financial income | 75/76B | - | €72 | +€72 | |
| Recurring financial income | 75 | - | €72 | +€72 | |
| Financial charges | 65/66B | €39,941 | €15,526 | -€24,415 | -61.1% |
| Recurring financial charges | 65 | €39,941 | €15,526 | -€24,415 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | -€49,118 | -€20,392 | +€28,726 | +58.5% |
| Transfer from deferred taxes | 780 | €1,549 | €1,549 | = | 0.0% |
| Income taxes | 67/77 | €242 | €1,137 | +€895 | +369% |
| Profit (loss) for the period | 9904 | -€47,811 | -€19,980 | +€27,831 | +58.2% |
| Transfer from tax-exempt reserves | 789 | €4,648 | €4,649 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,163 | -€15,331 | +€27,832 | +64.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.