CITEC: 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.
CITEC
Largest movements
- Tangible fixed assets -€12,375
down €12,375 (-41.4%), from €29,913 to €17,538
of which Furniture and vehicles: -€8,985
- Cash -€3,665
no longer reported in 2024 (was €3,665)
mainly Debts after one year (-€13,079) and Trade debts (-€3,799)
- Receivables within one year +€1,704
up €1,704 (+9.9%), from €17,292 to €18,996
of which Trade receivables: +€10,849
- Debts after one year -€13,079
down €13,079 (-90.3%), from €14,479 to €1,400
- Other debts +€4,086
new in 2024: €4,086
- Trade debts -€3,799
down €3,799 (-76.8%), from €4,946 to €1,148
- Profit (loss) carried forward -€2,674
down €2,674 (-18.7%), from -€14,320 to -€16,994
- Current portion of long-term debt +€2,340
up €2,340 (+27.5%), from €8,498 to €10,838
- Gross operating margin +€6,810
up €6,810 (+150%), from €4,538 to €11,349
- Other operating charges -€1,176
down €1,176 (-95.0%), from €1,238 to €62
- Taxes -€473
down €473, from €454 to -€18
- Financial charges +€439
up €439 (+57.2%), from €766 to €1,205
- Financial income +€177
up €177 (+145%), from €123 to €300
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 | €50,871 | €36,534 | -€14,337 | -28.2% |
| Fixed assets | 21/28 | €29,913 | €17,538 | -€12,375 | -41.4% |
| Tangible fixed assets | 22/27 | €29,913 | €17,538 | -€12,375 | -41.4% |
| Plant, machinery and equipment | 23 | €9,021 | €5,630 | -€3,390 | -37.6% |
| Furniture and vehicles | 24 | €20,892 | €11,908 | -€8,985 | -43.0% |
| Current assets | 29/58 | €20,958 | €18,996 | -€1,962 | -9.4% |
| Amounts receivable within one year | 40/41 | €17,292 | €18,996 | +€1,704 | +9.9% |
| Trade receivables | 40 | €2,360 | €13,209 | +€10,849 | +460% |
| Other amounts receivable | 41 | €14,933 | €5,787 | -€9,146 | -61.2% |
| Cash at bank and in hand | 54/58 | €3,665 | - | -€3,665 | |
| Total equity and liabilities | 10/49 | €50,871 | €36,534 | -€14,337 | -28.2% |
| Equity | 10/15 | €21,283 | €18,609 | -€2,674 | -12.6% |
| Contributions | 10/11 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €27,203 | €27,203 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,343 | €25,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,320 | -€16,994 | -€2,674 | -18.7% |
| Amounts payable | 17/49 | €29,588 | €17,925 | -€11,663 | -39.4% |
| Amounts payable after more than one year | 17 | €14,479 | €1,400 | -€13,079 | -90.3% |
| Financial debts | 170/4 | €14,479 | €1,400 | -€13,079 | -90.3% |
| Amounts payable within one year | 42/48 | €15,109 | €16,525 | +€1,417 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €8,498 | €10,838 | +€2,340 | +27.5% |
| Trade debts | 44 | €4,946 | €1,148 | -€3,799 | -76.8% |
| Suppliers | 440/4 | €4,946 | €1,148 | -€3,799 | -76.8% |
| Taxes, remuneration and social security | 45 | €1,664 | €454 | -€1,210 | -72.7% |
| Taxes | 450/3 | €1,664 | €454 | -€1,210 | -72.7% |
| Other amounts payable | 47/48 | - | €4,086 | +€4,086 | |
| Non-recurring operating income | 76A | - | €4,930 | +€4,930 | |
| Remuneration, social security and pensions | 62 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,124 | €13,074 | -€50 | -0.4% |
| Other operating charges | 640/8 | €1,238 | €62 | -€1,176 | -95.0% |
| Gross operating margin | 9900 | €4,538 | €11,349 | +€6,810 | +150% |
| Operating profit (loss) | 9901 | -€9,839 | -€1,788 | +€8,051 | +81.8% |
| Financial income | 75/76B | €123 | €300 | +€177 | +145% |
| Recurring financial income | 75 | €123 | €300 | +€177 | +145% |
| Financial charges | 65/66B | €766 | €1,205 | +€439 | +57.2% |
| Recurring financial charges | 65 | €766 | €1,205 | +€439 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,483 | -€2,692 | +€7,790 | +74.3% |
| Income taxes | 67/77 | €454 | -€18 | -€473 | |
| Profit (loss) for the period | 9904 | -€10,937 | -€2,674 | +€8,263 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,937 | -€2,674 | +€8,263 | +75.6% |
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 17 October 2026 via checked.be.