CITEO: 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.
CITEO
Largest movements
- Current investments +€1.8m
up €1.8m (+95.6%), from €1.9m to €3.7m
- Reserves +€1.7m
up €1.7m (+11.1%), from €14.9m to €16.6m
of which Distributable reserves: +€1.7m
- Financial income -€32,966
down €32,966 (-1.4%), from €2.4m to €2.4m
- Taxes -€9,588
down €9,588 (-1.6%), from €603,755 to €594,167
- Other operating charges +€1,135
up €1,135 (+0.9%), from €127,311 to €128,446
- Gross operating margin -€186
down €186 (-3.8%), from -€4,905 to -€5,090
- Financial charges +€121
up €121 (+44.1%), from €275 to €396
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 | €88,485,840 | €90,116,578 | +€1.6m | +1.8% |
| Fixed assets | 21/28 | €56,000,000 | €56,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €56,000,000 | €56,000,000 | = | 0.0% |
| Current assets | 29/58 | €32,485,840 | €34,116,578 | +€1.6m | +5.0% |
| Amounts receivable within one year | 40/41 | €28,010,620 | €28,012,038 | +€1,417 | 0.0% |
| Other amounts receivable | 41 | €28,010,620 | €28,012,038 | +€1,417 | 0.0% |
| Current investments | 50/53 | €1,914,349 | €3,743,853 | +€1.8m | +95.6% |
| Cash at bank and in hand | 54/58 | €297,995 | €136,918 | -€161,077 | -54.1% |
| Deferred charges and accrued income | 490/1 | €2,262,875 | €2,223,769 | -€39,106 | -1.7% |
| Total equity and liabilities | 10/49 | €88,485,840 | €90,116,578 | +€1.6m | +1.8% |
| Equity | 10/15 | €88,343,354 | €89,997,410 | +€1.7m | +1.9% |
| Contributions | 10/11 | €73,416,750 | €73,416,750 | = | 0.0% |
| Capital | 10 | €73,416,750 | €73,416,750 | = | 0.0% |
| Issued capital | 100 | €73,416,750 | €73,416,750 | = | 0.0% |
| Reserves | 13 | €14,926,604 | €16,580,660 | +€1.7m | +11.1% |
| Non-distributable reserves | 130/1 | €7,341,675 | €7,341,675 | = | 0.0% |
| Legal reserve | 130 | €7,341,675 | €7,341,675 | = | 0.0% |
| Distributable reserves | 133 | €7,584,929 | €9,238,985 | +€1.7m | +21.8% |
| Amounts payable | 17/49 | €142,485 | €119,167 | -€23,318 | -16.4% |
| Amounts payable within one year | 42/48 | €142,485 | €119,167 | -€23,318 | -16.4% |
| Taxes, remuneration and social security | 45 | €142,485 | €119,167 | -€23,318 | -16.4% |
| Taxes | 450/3 | €142,485 | €119,167 | -€23,318 | -16.4% |
| Other operating charges | 640/8 | €127,311 | €128,446 | +€1,135 | +0.9% |
| Gross operating margin | 9900 | -€4,905 | -€5,090 | -€186 | -3.8% |
| Operating profit (loss) | 9901 | -€132,216 | -€133,536 | -€1,321 | -1.0% |
| Financial income | 75/76B | €2,415,121 | €2,382,156 | -€32,966 | -1.4% |
| Recurring financial income | 75 | €2,415,121 | €2,382,156 | -€32,966 | -1.4% |
| Financial charges | 65/66B | €275 | €396 | +€121 | +44.1% |
| Recurring financial charges | 65 | €275 | €396 | +€121 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | €2,282,631 | €2,248,224 | -€34,407 | -1.5% |
| Income taxes | 67/77 | €603,755 | €594,167 | -€9,588 | -1.6% |
| Profit (loss) for the period | 9904 | €1,678,875 | €1,654,056 | -€24,819 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,678,875 | €1,654,056 | -€24,819 | -1.5% |
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 14 October 2026 via checked.be.