CITEA: 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.
CITEA
Largest movements
- Cash +€15,854
up €15,854 (+9.4%), from €168,319 to €184,173
mainly Net result for the year (+€23,787) and Receivables within one year (+€2,333)
- Profit (loss) carried forward +€23,787
up €23,787, from -€7,672 to €16,115
- Tax, wage and social debts -€4,506
down €4,506 (-19.0%), from €23,657 to €19,151
of which Taxes: -€4,506
- Trade debts -€4,097
down €4,097 (-53.3%), from €7,690 to €3,593
- Staff costs -€53,814
no longer reported in 2024 (was €53,814)
- Turnover -€45,197
no longer reported in 2024 (was €45,197)
- Gross operating margin -€44,891
down €44,891 (-58.7%), from €76,509 to €31,618
- Purchases and services -€27,453
no longer reported in 2024 (was €27,453)
- Depreciation -€5,914
down €5,914 (-94.3%), from €6,271 to €357
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,225 | €239,342 | +€15,117 | +6.7% |
| Fixed assets | 21/28 | €1,388 | €1,031 | -€357 | -25.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,113 | €756 | -€357 | -32.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €1,113 | €756 | -€357 | -32.1% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €222,837 | €238,311 | +€15,474 | +6.9% |
| Amounts receivable within one year | 40/41 | €54,518 | €52,185 | -€2,333 | -4.3% |
| Trade receivables | 40 | €54,316 | €51,702 | -€2,614 | -4.8% |
| Other amounts receivable | 41 | €203 | €483 | +€280 | +138% |
| Cash at bank and in hand | 54/58 | €168,319 | €184,173 | +€15,854 | +9.4% |
| Deferred charges and accrued income | 490/1 | €0 | €1,953 | +€1,953 | |
| Total equity and liabilities | 10/49 | €224,225 | €239,342 | +€15,117 | +6.7% |
| Equity | 10/15 | €192,328 | €216,115 | +€23,787 | +12.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,672 | €16,115 | +€23,787 | |
| Amounts payable | 17/49 | €31,897 | €23,227 | -€8,670 | -27.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,897 | €22,979 | -€8,918 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €378 | - | -€378 | |
| Trade debts | 44 | €7,690 | €3,593 | -€4,097 | -53.3% |
| Suppliers | 440/4 | €7,690 | €3,593 | -€4,097 | -53.3% |
| Taxes, remuneration and social security | 45 | €23,657 | €19,151 | -€4,506 | -19.0% |
| Taxes | 450/3 | €4,506 | - | -€4,506 | |
| Remuneration and social security | 454/9 | €19,151 | €19,151 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €172 | €235 | +€63 | +36.5% |
| Accrued charges and deferred income | 492/3 | - | €248 | +€248 | |
| Turnover | 70 | €45,197 | - | -€45,197 | |
| Goods, raw materials, services and sundry goods | 60/61 | €27,453 | - | -€27,453 | |
| Remuneration, social security and pensions | 62 | €53,814 | - | -€53,814 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,271 | €357 | -€5,914 | -94.3% |
| Other operating charges | 640/8 | €2,608 | €727 | -€1,881 | -72.1% |
| Gross operating margin | 9900 | €76,509 | €31,618 | -€44,891 | -58.7% |
| Operating profit (loss) | 9901 | €13,817 | €30,534 | +€16,717 | +121% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €171 | €110 | -€61 | -35.7% |
| Recurring financial charges | 65 | €171 | €110 | -€61 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €13,646 | €30,424 | +€16,778 | +123% |
| Income taxes | 67/77 | €2,128 | €6,637 | +€4,509 | +212% |
| Profit (loss) for the period | 9904 | €11,518 | €23,787 | +€12,269 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €11,518 | €23,787 | +€12,269 | +107% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.