CITECO: 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.
What changed
CITECO
NACE 88.993, Social work activities without accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,570
2024 · -€2,260-€7,310
Equity
€673,752
2024 · €714,195-€40,444
Cash
€57,984
2024 · €151,817-€93,833
Balance sheet total
€1.0m
2024 · €1.0m+€30,399
Largest movements
Assets
- Current investments +€130,158
up €130,158 (+431.5%), from €30,165 to €160,323
- Cash -€93,833
down €93,833 (-61.8%), from €151,817 to €57,984
mainly Current investments (-€130,158) and Receivables within one year (-€78,305)
- Tangible fixed assets -€85,446
down €85,446 (-14.1%), from €606,592 to €521,145
of which Plant, machinery and equipment: -€55,127
- Receivables within one year +€78,305
up €78,305 (+40.4%), from €193,710 to €272,015
of which Trade receivables: +€58,555
Equity and liabilities
- Debts within one year +€65,285
up €65,285 (+29.4%), from €221,829 to €287,114
- Investment grants -€30,873
down €30,873 (-17.4%), from €177,080 to €146,207
- Provisions +€15,000
up €15,000 (+27.7%), from €54,117 to €69,117
Income statement
- Gross operating margin +€1.5m
new in 2025: €1.5m
- Turnover -€540,888
no longer reported in 2025 (was €540,888)
- Services and other goods -€154,649
no longer reported in 2025 (was €154,649)
- Goods and materials -€49,831
no longer reported in 2025 (was €49,831)
of which Purchases: -€47,643
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
-€2,260
Turnover
-€540,888
Other operating income
-€1,677
Goods and materials
+€49,831
Services and other goods
+€154,649
Staff costs
-€13,022
Depreciation
-€502
Other operating charges
+€949
Other operating items
+€343,528
Financial income
-€83
Financial charges
-€95
Result 2025
-€9,570
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
+€74,358
Investment
-€128,240
Financing
-€39,951
Cash 2024
€151,817
From operations (derived)
+€74,358
Net result for the year
-€9,570
Depreciation
+€87,768
Stocks and contracts
+€882
Receivables within one year
-€78,305
Deferred charges and accrued income
-€6,337
Provisions
+€15,000
Debts within one year
+€65,285
Accrued charges and deferred income
-€365
Investment (derived)
-€128,240
Investment in fixed assets (net)
+€1,919
Current investments
-€130,158
Financing
-€39,951
Debts after one year
-€9,078
Contributions, distributions and other
-€30,873
Cash 2025
€57,984
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,002,018 | €1,032,417 | +€30,399 | +3.0% |
| Fixed assets | 21/28 | €612,262 | €522,575 | -€89,686 | -14.6% |
| Tangible fixed assets | 22/27 | €606,592 | €521,145 | -€85,446 | -14.1% |
| Land and buildings | 22 | €223,109 | €209,513 | -€13,596 | -6.1% |
| Plant, machinery and equipment | 23 | €348,074 | €292,947 | -€55,127 | -15.8% |
| Furniture and vehicles | 24 | €35,409 | €18,685 | -€16,724 | -47.2% |
| Financial fixed assets | 28 | €5,670 | €1,430 | -€4,240 | -74.8% |
| Other financial fixed assets | 284/8 | €5,670 | - | -€5,670 | |
| Amounts receivable and cash guarantees | 285/8 | €5,670 | - | -€5,670 | |
| Current assets | 29/58 | €389,756 | €509,842 | +€120,085 | +30.8% |
| Stocks and contracts in progress | 3 | €14,017 | €13,135 | -€882 | -6.3% |
| Stocks | 30/36 | €14,017 | €13,135 | -€882 | -6.3% |
| Raw materials and consumables | 30/31 | €14,017 | - | -€14,017 | |
| Amounts receivable within one year | 40/41 | €193,710 | €272,015 | +€78,305 | +40.4% |
| Trade receivables | 40 | €94,176 | €152,731 | +€58,555 | +62.2% |
| Other amounts receivable | 41 | €99,534 | €119,283 | +€19,750 | +19.8% |
| Current investments | 50/53 | €30,165 | €160,323 | +€130,158 | +431.5% |
| Cash at bank and in hand | 54/58 | €151,817 | €57,984 | -€93,833 | -61.8% |
| Deferred charges and accrued income | 490/1 | €47 | €6,384 | +€6,337 | +13422.6% |
| Total equity and liabilities | 10/49 | €1,002,018 | €1,032,417 | +€30,399 | +3.0% |
| Equity | 10/15 | €714,195 | €673,752 | -€40,444 | -5.7% |
| Contributions | 10/11 | €159,156 | €159,156 | = | 0.0% |
| Capital | 10 | €159,156 | €159,156 | = | 0.0% |
| Revaluation surpluses | 12 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,960 | €18,389 | -€9,570 | -34.2% |
| Investment grants | 15 | €177,080 | €146,207 | -€30,873 | -17.4% |
| Provisions and deferred taxes | 16 | €54,117 | €69,117 | +€15,000 | +27.7% |
| Provisions for liabilities and charges | 160/5 | €54,117 | €69,117 | +€15,000 | +27.7% |
| Other liabilities and charges | 164/5 | €54,117 | €69,117 | +€15,000 | +27.7% |
| Amounts payable | 17/49 | €233,705 | €289,548 | +€55,843 | +23.9% |
| Amounts payable after more than one year | 17 | €10,938 | €1,860 | -€9,078 | -83.0% |
| Other amounts payable | 178/9 | €10,938 | €1,860 | -€9,078 | -83.0% |
| Amounts payable within one year | 42/48 | €221,829 | €287,114 | +€65,285 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €9,620 | €9,078 | -€542 | -5.6% |
| Trade debts | 44 | €29,175 | €42,203 | +€13,028 | +44.7% |
| Suppliers | 440/4 | €29,175 | €42,203 | +€13,028 | +44.7% |
| Advances received on contracts in progress | 46 | €2,938 | €3,261 | +€322 | +11.0% |
| Taxes, remuneration and social security | 45 | €170,899 | €192,874 | +€21,975 | +12.9% |
| Taxes | 450/3 | €20,397 | €25,945 | +€5,548 | +27.2% |
| Remuneration and social security | 454/9 | €150,502 | €166,929 | +€16,427 | +10.9% |
| Accrued charges and deferred income | 492/3 | €938 | €573 | -€365 | -38.9% |
| Operating income | 70/76A | €1,647,093 | - | -€1.6m | |
| Turnover | 70 | €540,888 | - | -€540,888 | |
| Membership fees, donations, legacies and grants | 73 | €1,104,529 | - | -€1.1m | |
| Other operating income | 74 | €1,677 | - | -€1,677 | |
| Operating charges | 60/66A | €1,648,770 | - | -€1.6m | |
| Goods for resale, raw materials and consumables | 60 | €49,831 | - | -€49,831 | |
| Purchases | 600/8 | €47,643 | - | -€47,643 | |
| Change in stocks: decrease (increase) | 609 | €2,188 | - | -€2,188 | |
| Services and other goods | 61 | €154,649 | - | -€154,649 | |
| Remuneration, social security and pensions | 62 | €1,353,286 | €1,366,308 | +€13,022 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,266 | €87,768 | +€502 | +0.6% |
| Other operating charges | 640/8 | €3,738 | €2,790 | -€949 | -25.4% |
| Non-recurring operating charges | 66A | - | €30,502 | +€30,502 | |
| Gross operating margin | 9900 | - | €1,493,558 | +€1.5m | |
| Operating profit (loss) | 9901 | -€1,677 | -€8,809 | -€7,132 | -425.4% |
| Financial income | 75/76B | €433 | €350 | -€83 | -19.2% |
| Recurring financial income | 75 | €433 | €350 | -€83 | -19.2% |
| Income from financial fixed assets | 750 | €109 | - | -€109 | |
| Other financial income | 752/9 | €323 | - | -€323 | |
| Financial charges | 65/66B | €1,016 | €1,111 | +€95 | +9.4% |
| Recurring financial charges | 65 | €1,016 | €1,111 | +€95 | +9.4% |
| Other financial charges | 652/9 | €1,016 | - | -€1,016 | |
| Profit (loss) for the period before taxes | 9903 | -€2,260 | -€9,570 | -€7,310 | -323.4% |
| Profit (loss) for the period | 9904 | -€2,260 | -€9,570 | -€7,310 | -323.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,260 | -€9,570 | -€7,310 | -323.4% |
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 12 October 2026 via checked.be.