CITEES BELGIUM: 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.
CITEES BELGIUM
Largest movements
- Receivables within one year -€52,410
down €52,410 (-100.0%), from €52,435 to €25
of which Trade receivables: -€51,720
- Cash -€12,830
down €12,830 (-8.4%), from €152,070 to €139,240
mainly Trade debts (-€94,298) and Net result for the year (-€7,230)
- Trade debts -€94,298
down €94,298 (-77.1%), from €122,290 to €27,992
- Tax, wage and social debts +€35,840
up €35,840 (+7,614%), from €471 to €36,310
of which Taxes: +€28,089
- Profit (loss) carried forward -€5,818
new in 2025: -€5,818
- Gross operating margin +€96,300
up €96,300 (+3,829%), from €2,515 to €98,815
- Staff costs +€84,943
new in 2025: €84,943
- Other operating charges +€10,258
new in 2025: €10,258
- Financial charges +€7,241
up €7,241 (+1,280%), from €566 to €7,807
- Depreciation +€2,970
up €2,970 (+4,450%), from €67 to €3,037
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 | €224,173 | €158,484 | -€65,689 | -29.3% |
| Fixed assets | 21/28 | €19,668 | €17,791 | -€1,877 | -9.5% |
| Intangible fixed assets | 21 | €9,997 | €8,997 | -€1,000 | -10.0% |
| Tangible fixed assets | 22/27 | €9,670 | €8,794 | -€877 | -9.1% |
| Plant, machinery and equipment | 23 | €9,670 | €8,794 | -€877 | -9.1% |
| Current assets | 29/58 | €204,505 | €140,693 | -€63,812 | -31.2% |
| Amounts receivable within one year | 40/41 | €52,435 | €25 | -€52,410 | -100.0% |
| Trade receivables | 40 | €51,720 | - | -€51,720 | |
| Other amounts receivable | 41 | €715 | €25 | -€690 | -96.6% |
| Cash at bank and in hand | 54/58 | €152,070 | €139,240 | -€12,830 | -8.4% |
| Deferred charges and accrued income | 490/1 | - | €1,428 | +€1,428 | |
| Total equity and liabilities | 10/49 | €224,173 | €158,484 | -€65,689 | -29.3% |
| Equity | 10/15 | €101,412 | €94,182 | -€7,230 | -7.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,412 | - | -€1,412 | |
| Distributable reserves | 133 | €1,412 | - | -€1,412 | |
| Profit (loss) carried forward | 14 | - | -€5,818 | -€5,818 | |
| Amounts payable | 17/49 | €122,761 | €64,302 | -€58,459 | -47.6% |
| Amounts payable within one year | 42/48 | €122,761 | €64,302 | -€58,459 | -47.6% |
| Trade debts | 44 | €122,290 | €27,992 | -€94,298 | -77.1% |
| Suppliers | 440/4 | €122,290 | €27,992 | -€94,298 | -77.1% |
| Taxes, remuneration and social security | 45 | €471 | €36,310 | +€35,840 | +7,614% |
| Taxes | 450/3 | €471 | €28,559 | +€28,089 | +5,968% |
| Remuneration and social security | 454/9 | - | €7,751 | +€7,751 | |
| Remuneration, social security and pensions | 62 | - | €84,943 | +€84,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67 | €3,037 | +€2,970 | +4,450% |
| Other operating charges | 640/8 | - | €10,258 | +€10,258 | |
| Gross operating margin | 9900 | €2,515 | €98,815 | +€96,300 | +3,829% |
| Operating profit (loss) | 9901 | €2,449 | €577 | -€1,871 | -76.4% |
| Financial charges | 65/66B | €566 | €7,807 | +€7,241 | +1,280% |
| Recurring financial charges | 65 | €566 | €7,807 | +€7,241 | +1,280% |
| Profit (loss) for the period before taxes | 9903 | €1,883 | -€7,230 | -€9,113 | |
| Income taxes | 67/77 | €471 | - | -€471 | |
| Profit (loss) for the period | 9904 | €1,412 | -€7,230 | -€8,642 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,412 | -€7,230 | -€8,642 |
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 22 October 2026 via checked.be.