CITESILE: 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.
CITESILE
Largest movements
- Current investments +€600,000
up €600,000 (+117.5%), from €510,750 to €1.1m
- Cash -€474,339
down €474,339 (-73.6%), from €644,202 to €169,863
mainly Current investments (-€600,000) and Contributions, distributions and other (-€153,647)
- Receivables within one year -€29,665
down €29,665 (-99.8%), from €29,736 to €71
of which Other amounts receivable: -€29,736
- Tangible fixed assets -€28,125
down €28,125 (-3.5%), from €800,916 to €772,792
of which Land and buildings: -€27,760
- Reserves -€155,040
down €155,040 (-8.1%), from €1.9m to €1.8m
of which Distributable reserves: -€153,647
- Profit (loss) carried forward +€138,899
new in 2024: €138,899
- Other debts +€94,699
up €94,699 (+185.3%), from €51,097 to €145,796
- Gross operating margin +€103,285
up €103,285 (+55.3%), from €186,768 to €290,053
- Turnover +€66,329
up €66,329 (+14.7%), from €450,490 to €516,819
- Purchases and services -€37,007
down €37,007 (-13.9%), from €265,938 to €228,931
- Taxes +€19,643
up €19,643 (+76.8%), from €25,582 to €45,225
- Financial income +€6,745
up €6,745 (+3982.3%), from €169 to €6,914
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 | €2,116,781 | €2,171,548 | +€54,766 | +2.6% |
| Fixed assets | 21/28 | €932,062 | €890,831 | -€41,231 | -4.4% |
| Intangible fixed assets | 21 | €131,067 | €117,960 | -€13,107 | -10.0% |
| Tangible fixed assets | 22/27 | €800,916 | €772,792 | -€28,125 | -3.5% |
| Land and buildings | 22 | €781,394 | €753,634 | -€27,760 | -3.6% |
| Plant, machinery and equipment | 23 | €6,919 | €12,680 | +€5,761 | +83.3% |
| Furniture and vehicles | 24 | €12,603 | €6,478 | -€6,125 | -48.6% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €1,184,719 | €1,280,717 | +€95,998 | +8.1% |
| Amounts receivable within one year | 40/41 | €29,736 | €71 | -€29,665 | -99.8% |
| Trade receivables | 40 | - | €71 | +€71 | |
| Other amounts receivable | 41 | €29,736 | - | -€29,736 | |
| Current investments | 50/53 | €510,750 | €1,110,750 | +€600,000 | +117.5% |
| Cash at bank and in hand | 54/58 | €644,202 | €169,863 | -€474,339 | -73.6% |
| Deferred charges and accrued income | 490/1 | €31 | €33 | +€2 | +5.2% |
| Total equity and liabilities | 10/49 | €2,116,781 | €2,171,548 | +€54,766 | +2.6% |
| Equity | 10/15 | €2,004,085 | €1,987,944 | -€16,140 | -0.8% |
| Contributions | 10/11 | €88,299 | €88,299 | = | 0.0% |
| Capital | 10 | €88,299 | €88,299 | = | 0.0% |
| Issued capital | 100 | €88,299 | €88,299 | = | 0.0% |
| Reserves | 13 | €1,915,786 | €1,760,746 | -€155,040 | -8.1% |
| Non-distributable reserves | 130/1 | €9,113 | €9,113 | = | 0.0% |
| Legal reserve | 130 | €9,113 | €8,830 | -€283 | -3.1% |
| Other | 1319 | - | €283 | +€283 | |
| Tax-exempt reserves | 132 | €7,313 | €5,920 | -€1,393 | -19.0% |
| Distributable reserves | 133 | €1,899,360 | €1,745,713 | -€153,647 | -8.1% |
| Profit (loss) carried forward | 14 | - | €138,899 | +€138,899 | |
| Provisions and deferred taxes | 16 | €3,072 | €2,487 | -€585 | -19.0% |
| Deferred taxes | 168 | €3,072 | €2,487 | -€585 | -19.0% |
| Amounts payable | 17/49 | €109,625 | €181,117 | +€71,492 | +65.2% |
| Amounts payable within one year | 42/48 | €90,429 | €178,506 | +€88,077 | +97.4% |
| Trade debts | 44 | €11,416 | €6,506 | -€4,910 | -43.0% |
| Suppliers | 440/4 | €11,416 | €6,506 | -€4,910 | -43.0% |
| Taxes, remuneration and social security | 45 | €27,916 | €26,204 | -€1,712 | -6.1% |
| Taxes | 450/3 | €27,916 | €26,204 | -€1,712 | -6.1% |
| Other amounts payable | 47/48 | €51,097 | €145,796 | +€94,699 | +185.3% |
| Accrued charges and deferred income | 492/3 | €19,196 | €2,611 | -€16,586 | -86.4% |
| Turnover | 70 | €450,490 | €516,819 | +€66,329 | +14.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €265,938 | €228,931 | -€37,007 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,535 | €47,908 | +€373 | +0.8% |
| Other operating charges | 640/8 | €66,561 | €66,518 | -€44 | -0.1% |
| Gross operating margin | 9900 | €186,768 | €290,053 | +€103,285 | +55.3% |
| Operating profit (loss) | 9901 | €72,672 | €175,627 | +€102,956 | +141.7% |
| Financial income | 75/76B | €169 | €6,914 | +€6,745 | +3982.3% |
| Recurring financial income | 75 | €169 | €6,914 | +€6,745 | +3982.3% |
| Financial charges | 65/66B | €310 | €395 | +€85 | +27.4% |
| Recurring financial charges | 65 | €310 | €395 | +€85 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €72,531 | €182,146 | +€109,615 | +151.1% |
| Transfer from deferred taxes | 780 | €585 | €585 | = | 0.0% |
| Income taxes | 67/77 | €25,582 | €45,225 | +€19,643 | +76.8% |
| Profit (loss) for the period | 9904 | €47,534 | €137,506 | +€89,973 | +189.3% |
| Transfer from tax-exempt reserves | 789 | €1,393 | €1,393 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,927 | €138,899 | +€89,973 | +183.9% |
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 12 October 2026 via checked.be.