CITALEX: 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.
CITALEX
Largest movements
- Tangible fixed assets +€74,603
up €74,603 (+2,005%), from €3,721 to €78,324
of which Other tangible fixed assets: +€59,187
- Intangible fixed assets -€47,214
down €47,214 (-19.3%), from €245,000 to €197,786
- Receivables within one year -€13,290
down €13,290 (-18.1%), from €73,502 to €60,212
of which Other amounts receivable: -€17,741
- Cash -€7,056
down €7,056 (-22.2%), from €31,719 to €24,663
mainly Investment in fixed assets (net) (-€85,166) and Debts after one year (-€32,827)
- Profit (loss) carried forward +€53,402
up €53,402 (+63.0%), from €84,745 to €138,147
- Debts after one year -€32,827
down €32,827 (-41.1%), from €79,870 to €47,043
- Other debts -€28,051
down €28,051 (-78.3%), from €35,816 to €7,765
- Trade debts +€7,525
up €7,525 (+7.5%), from €100,472 to €107,997
- Tax, wage and social debts +€7,269
up €7,269 (+59.2%), from €12,285 to €19,554
of which Taxes: +€7,492
- Gross operating margin +€36,590
up €36,590 (+20.8%), from €175,635 to €212,225
- Other operating charges -€7,419
down €7,419 (-91.3%), from €8,129 to €711
- Taxes +€7,305
up €7,305 (+74.8%), from €9,771 to €17,076
- Depreciation +€6,520
up €6,520 (+12.7%), from €51,258 to €57,778
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 | €355,704 | €363,333 | +€7,629 | +2.1% |
| Fixed assets | 21/28 | €248,898 | €276,286 | +€27,388 | +11.0% |
| Intangible fixed assets | 21 | €245,000 | €197,786 | -€47,214 | -19.3% |
| Tangible fixed assets | 22/27 | €3,721 | €78,324 | +€74,603 | +2,005% |
| Furniture and vehicles | 24 | €2,659 | €19,136 | +€16,477 | +620% |
| Other tangible fixed assets | 26 | €0 | €59,187 | +€59,187 | |
| Assets under construction and advance payments | 27 | €1,062 | €0 | -€1,062 | -100% |
| Financial fixed assets | 28 | €177 | €177 | = | 0.0% |
| Current assets | 29/58 | €106,806 | €87,047 | -€19,759 | -18.5% |
| Amounts receivable within one year | 40/41 | €73,502 | €60,212 | -€13,290 | -18.1% |
| Trade receivables | 40 | €44,940 | €49,392 | +€4,452 | +9.9% |
| Other amounts receivable | 41 | €28,562 | €10,820 | -€17,741 | -62.1% |
| Cash at bank and in hand | 54/58 | €31,719 | €24,663 | -€7,056 | -22.2% |
| Deferred charges and accrued income | 490/1 | €1,585 | €2,172 | +€587 | +37.0% |
| Total equity and liabilities | 10/49 | €355,704 | €363,333 | +€7,629 | +2.1% |
| Equity | 10/15 | €94,745 | €148,147 | +€53,402 | +56.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,745 | €138,147 | +€53,402 | +63.0% |
| Amounts payable | 17/49 | €260,959 | €215,186 | -€45,773 | -17.5% |
| Amounts payable after more than one year | 17 | €79,870 | €47,043 | -€32,827 | -41.1% |
| Financial debts | 170/4 | €79,870 | €47,043 | -€32,827 | -41.1% |
| Amounts payable within one year | 42/48 | €181,088 | €168,142 | -€12,946 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €32,516 | €32,827 | +€311 | +1.0% |
| Trade debts | 44 | €100,472 | €107,997 | +€7,525 | +7.5% |
| Suppliers | 440/4 | €100,472 | €107,997 | +€7,525 | +7.5% |
| Taxes, remuneration and social security | 45 | €12,285 | €19,554 | +€7,269 | +59.2% |
| Taxes | 450/3 | €394 | €7,886 | +€7,492 | +1,904% |
| Remuneration and social security | 454/9 | €11,891 | €11,668 | -€223 | -1.9% |
| Other amounts payable | 47/48 | €35,816 | €7,765 | -€28,051 | -78.3% |
| Remuneration, social security and pensions | 62 | €83,871 | €83,572 | -€299 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,258 | €57,778 | +€6,520 | +12.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,852 | -€1,852 | |
| Other operating charges | 640/8 | €8,129 | €711 | -€7,419 | -91.3% |
| Gross operating margin | 9900 | €175,635 | €212,225 | +€36,590 | +20.8% |
| Operating profit (loss) | 9901 | €32,377 | €72,017 | +€39,639 | +122% |
| Financial income | 75/76B | €0 | €47 | +€47 | +117,925% |
| Recurring financial income | 75 | €0 | €47 | +€47 | +117,925% |
| Financial charges | 65/66B | €2,030 | €1,586 | -€445 | -21.9% |
| Recurring financial charges | 65 | €2,030 | €1,586 | -€445 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €30,347 | €70,478 | +€40,131 | +132% |
| Income taxes | 67/77 | €9,771 | €17,076 | +€7,305 | +74.8% |
| Profit (loss) for the period | 9904 | €20,576 | €53,402 | +€32,826 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €20,576 | €53,402 | +€32,826 | +160% |
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 21 October 2026 via checked.be.