CITAN: what changed
Two fiscal 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
CITAN
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€244,517
2024 · €690,264-€934,781
Equity
€2.1m
2024 · €2.3m-€244,517
Cash
€100,118
2024 · €74,561+€25,557
Balance sheet total
€2.9m
2024 · €3.0m-€147,192
Largest movements
Assets
- Receivables within one year -€994,215
down €994,215 (-68.2%), from €1.5m to €464,612
of which Trade receivables: -€1.0m
- Current investments +€860,220
new in 2025: €860,220
- Tangible fixed assets -€33,280
down €33,280 (-4.3%), from €781,043 to €747,763
of which Land and buildings: -€43,981
Equity and liabilities
- Profit (loss) carried forward -€244,517
down €244,517 (-63.3%), from €386,331 to €141,815
- Tax, wage and social debts +€141,172
up €141,172 (+47.0%), from €300,627 to €441,799
- Debts after one year -€44,749
down €44,749 (-14.3%), from €312,173 to €267,423
Income statement
- Gross operating margin -€1.1m
down €1.1m, from €1.0m to -€88,137
- Taxes -€159,299
down €159,299 (-53.0%), from €300,634 to €141,335
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
€690,264
Gross operating margin
-€1.1m
Staff costs
-€59
Depreciation
+€277
Other operating charges
+€7,838
Other operating items
+€3,672
Financial income
+€3,848
Financial charges
+€1,092
Taxes
+€159,299
Result 2025
-€244,517
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.
From operations
+€940,585
Investment
-€871,397
Financing
-€43,631
Cash 2024
€74,561
From operations (derived)
+€940,585
Net result for the year
-€244,517
Depreciation
+€44,457
Receivables within one year
+€994,215
Deferred charges and accrued income
+€5,475
Smaller working-capital items
-€217
Tax, wage and social debts
+€141,172
Investment (derived)
-€871,397
Investment in fixed assets (net)
-€11,177
Current investments
-€860,220
Financing
-€43,631
Debts after one year
-€44,749
Current portion of long-term debt
+€1,119
Cash 2025
€100,118
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,002,186 | €2,854,994 | -€147,192 | -4.9% |
| Fixed assets | 21/28 | €781,043 | €747,763 | -€33,280 | -4.3% |
| Tangible fixed assets | 22/27 | €781,043 | €747,763 | -€33,280 | -4.3% |
| Land and buildings | 22 | €780,143 | €736,162 | -€43,981 | -5.6% |
| Furniture and vehicles | 24 | €899 | €545 | -€355 | -39.5% |
| Other tangible fixed assets | 26 | - | €11,056 | +€11,056 | |
| Current assets | 29/58 | €2,221,143 | €2,107,231 | -€113,913 | -5.1% |
| Amounts receivable after more than one year | 29 | €649,087 | €649,087 | = | 0.0% |
| Other amounts receivable | 291 | €649,087 | €649,087 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,458,826 | €464,612 | -€994,215 | -68.2% |
| Trade receivables | 40 | €1,060,724 | €12,997 | -€1.0m | -98.8% |
| Other amounts receivable | 41 | €398,102 | €451,615 | +€53,513 | +13.4% |
| Current investments | 50/53 | - | €860,220 | +€860,220 | |
| Cash at bank and in hand | 54/58 | €74,561 | €100,118 | +€25,557 | +34.3% |
| Deferred charges and accrued income | 490/1 | €38,669 | €33,194 | -€5,475 | -14.2% |
| Total equity and liabilities | 10/49 | €3,002,186 | €2,854,994 | -€147,192 | -4.9% |
| Equity | 10/15 | €2,338,794 | €2,094,278 | -€244,517 | -10.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,890,463 | €1,890,463 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,734 | €35,734 | = | 0.0% |
| Distributable reserves | 133 | €1,848,529 | €1,848,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €386,331 | €141,815 | -€244,517 | -63.3% |
| Amounts payable | 17/49 | €663,392 | €760,716 | +€97,324 | +14.7% |
| Amounts payable after more than one year | 17 | €312,173 | €267,423 | -€44,749 | -14.3% |
| Financial debts | 170/4 | €312,173 | €267,423 | -€44,749 | -14.3% |
| Amounts payable within one year | 42/48 | €349,581 | €491,779 | +€142,199 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €43,631 | €44,749 | +€1,119 | +2.6% |
| Trade debts | 44 | €4,383 | €4,466 | +€83 | +1.9% |
| Suppliers | 440/4 | €4,383 | €4,466 | +€83 | +1.9% |
| Taxes, remuneration and social security | 45 | €300,627 | €441,799 | +€141,172 | +47.0% |
| Taxes | 450/3 | €300,627 | €441,799 | +€141,172 | +47.0% |
| Other amounts payable | 47/48 | €940 | €765 | -€175 | -18.6% |
| Accrued charges and deferred income | 492/3 | €1,638 | €1,513 | -€125 | -7.6% |
| Non-recurring operating income | 76A | €2,971 | - | -€2,971 | |
| Remuneration, social security and pensions | 62 | -€59 | - | +€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,734 | €44,457 | -€277 | -0.6% |
| Other operating charges | 640/8 | €21,897 | €14,059 | -€7,838 | -35.8% |
| Non-recurring operating charges | 66A | €3,672 | - | -€3,672 | |
| Gross operating margin | 9900 | €1,022,610 | -€88,137 | -€1.1m | |
| Operating profit (loss) | 9901 | €952,367 | -€146,652 | -€1.1m | |
| Financial income | 75/76B | €48,753 | €52,601 | +€3,848 | +7.9% |
| Recurring financial income | 75 | €48,753 | €52,601 | +€3,848 | +7.9% |
| Financial charges | 65/66B | €10,221 | €9,130 | -€1,092 | -10.7% |
| Recurring financial charges | 65 | €10,221 | €9,130 | -€1,092 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €990,898 | -€103,181 | -€1.1m | |
| Income taxes | 67/77 | €300,634 | €141,335 | -€159,299 | -53.0% |
| Profit (loss) for the period | 9904 | €690,264 | -€244,517 | -€934,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €690,264 | -€244,517 | -€934,781 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.