Citendo: 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.
Citendo
Largest movements
- Cash +€39,752
up €39,752 (+6167.8%), from €645 to €40,397
mainly Net result for the year (+€40,730) and Tax, wage and social debts (+€25,662)
- Receivables within one year +€21,233
up €21,233 (+747.6%), from €2,840 to €24,073
of which Trade receivables: +€21,653
- Tangible fixed assets +€8,915
up €8,915 (+77.2%), from €11,551 to €20,466
of which Furniture and vehicles: +€9,075
- Profit (loss) carried forward +€40,730
up €40,730, from -€39,804 to €926
- Tax, wage and social debts +€25,662
up €25,662 (+150.4%), from €17,063 to €42,725
- Trade debts -€21,347
down €21,347 (-87.7%), from €24,353 to €3,005
- Other debts +€13,010
up €13,010 (+255.6%), from €5,091 to €18,101
- Debts after one year +€9,327
new in 2024: €9,327
- Gross operating margin +€69,354
up €69,354, from -€556 to €68,798
- Depreciation +€6,771
up €6,771 (+900.3%), from €752 to €7,523
- Taxes +€923
up €923 (+5.6%), from €16,361 to €17,284
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.
Cash bridge derived
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 | €15,036 | €84,936 | +€69,900 | +464.9% |
| Fixed assets | 21/28 | €11,551 | €20,466 | +€8,915 | +77.2% |
| Tangible fixed assets | 22/27 | €11,551 | €20,466 | +€8,915 | +77.2% |
| Furniture and vehicles | 24 | €11,267 | €20,342 | +€9,075 | +80.5% |
| Other tangible fixed assets | 26 | €284 | €124 | -€160 | -56.4% |
| Current assets | 29/58 | €3,485 | €64,470 | +€60,985 | +1750.2% |
| Amounts receivable within one year | 40/41 | €2,840 | €24,073 | +€21,233 | +747.6% |
| Trade receivables | 40 | €2,420 | €24,073 | +€21,653 | +894.8% |
| Other amounts receivable | 41 | €420 | - | -€420 | |
| Cash at bank and in hand | 54/58 | €645 | €40,397 | +€39,752 | +6167.8% |
| Total equity and liabilities | 10/49 | €15,036 | €84,936 | +€69,900 | +464.9% |
| Equity | 10/15 | -€34,804 | €5,926 | +€40,730 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,804 | €926 | +€40,730 | |
| Amounts payable | 17/49 | €49,839 | €79,009 | +€29,170 | +58.5% |
| Amounts payable after more than one year | 17 | - | €9,327 | +€9,327 | |
| Financial debts | 170/4 | - | €9,327 | +€9,327 | |
| Amounts payable within one year | 42/48 | €49,839 | €69,682 | +€19,843 | +39.8% |
| Current portion of amounts payable after more than one year | 42 | €3,333 | €5,852 | +€2,519 | +75.6% |
| Trade debts | 44 | €24,353 | €3,005 | -€21,347 | -87.7% |
| Suppliers | 440/4 | €24,353 | €3,005 | -€21,347 | -87.7% |
| Taxes, remuneration and social security | 45 | €17,063 | €42,725 | +€25,662 | +150.4% |
| Taxes | 450/3 | €17,063 | €42,725 | +€25,662 | +150.4% |
| Other amounts payable | 47/48 | €5,091 | €18,101 | +€13,010 | +255.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €752 | €7,523 | +€6,771 | +900.3% |
| Other operating charges | 640/8 | €1,138 | €1,140 | +€1 | +0.1% |
| Gross operating margin | 9900 | -€556 | €68,798 | +€69,354 | |
| Operating profit (loss) | 9901 | -€2,447 | €60,135 | +€62,582 | |
| Financial income | 75/76B | €198 | - | -€198 | |
| Recurring financial income | 75 | €198 | - | -€198 | |
| Financial charges | 65/66B | €2,229 | €2,121 | -€109 | -4.9% |
| Recurring financial charges | 65 | €2,229 | €2,121 | -€109 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,478 | €58,014 | +€62,493 | |
| Income taxes | 67/77 | €16,361 | €17,284 | +€923 | +5.6% |
| Profit (loss) for the period | 9904 | -€20,840 | €40,730 | +€61,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,840 | €40,730 | +€61,570 |
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 10 October 2026 via checked.be.