CITEXAR: what changed
Two fiscal 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
CITEXAR
NACE 93.299, Other amusement and recreation activities
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€615,767
2023 · €814,140-€198,373
Equity
€5.9m
2023 · €5.2m+€615,767
Cash
€5.6m
2023 · €3.3m+€2.3m
Balance sheet total
€8.1m
2023 · €7.9m+€209,388
Largest movements
Assets
- Cash +€2.3m
up €2.3m (+68.7%), from €3.3m to €5.6m
mainly Deferred charges and accrued income (+€1.9m) and Tax, wage and social debts (+€1.3m)
- Deferred charges and accrued income -€1.9m
down €1.9m (-95.1%), from €2.0m to €96,467
- Financial fixed assets -€123,891
down €123,891 (-71.2%), from €173,891 to €50,000
Equity and liabilities
- Trade debts -€1.7m
down €1.7m (-80.3%), from €2.1m to €409,559
- Tax, wage and social debts +€1.3m
up €1.3m (+207.6%), from €610,231 to €1.9m
of which Taxes: +€1.4m
- Profit (loss) carried forward +€615,767
up €615,767 (+11.9%), from €5.2m to €5.8m
Income statement
- Turnover +€13.8m
new in 2024: €13.8m
- Gross operating margin -€10.6m
no longer reported in 2024 (was €10.6m)
- Services and other goods +€2.1m
new in 2024: €2.1m
- Taxes +€2.1m
up €2.1m, from -€27,089 to €2.1m
of which Taxes: +€2.1m
- Financial income +€1.2m
up €1.2m (+4620413.6%), from €27 to €1.2m
of which Non-recurring financial income: +€1.2m
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.
Result 2023
€814,140
Turnover
+€13.8m
Other operating income
+€198,044
Goods and materials
-€459,307
Services and other goods
-€2.1m
Staff costs
-€53,270
Depreciation
-€10,131
Other operating charges
-€244,135
Other operating items
-€10.6m
Financial income
+€1.2m
Financial charges
+€18,626
Taxes
-€2.1m
Result 2024
€615,767
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.
From operations
+€2.2m
Investment
+€64,125
Financing
-€688
Cash 2023
€3.3m
From operations (derived)
+€2.2m
Net result for the year
+€615,767
Depreciation
+€141,424
Receivables within one year
+€8,946
Deferred charges and accrued income
+€1.9m
Trade debts
-€1.7m
Tax, wage and social debts
+€1.3m
Other debts
-€9
Investment (derived)
+€64,125
Investment in fixed assets (net)
+€64,125
Financing
-€688
Short-term financial debts
-€688
Cash 2024
€5.6m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,938,689 | €8,148,077 | +€209,388 | +2.6% |
| Fixed assets | 21/28 | €557,818 | €352,268 | -€205,549 | -36.8% |
| Intangible fixed assets | 21 | €124,378 | €112,415 | -€11,963 | -9.6% |
| Tangible fixed assets | 22/27 | €259,549 | €189,853 | -€69,696 | -26.9% |
| Plant, machinery and equipment | 23 | €61,111 | €26,651 | -€34,460 | -56.4% |
| Furniture and vehicles | 24 | €108,088 | €87,576 | -€20,511 | -19.0% |
| Other tangible fixed assets | 26 | €90,350 | €75,626 | -€14,724 | -16.3% |
| Financial fixed assets | 28 | €173,891 | €50,000 | -€123,891 | -71.2% |
| Other financial fixed assets | 284/8 | - | €50,000 | +€50,000 | |
| Shares | 284 | - | €0 | = | |
| Amounts receivable and cash guarantees | 285/8 | - | €50,000 | +€50,000 | |
| Current assets | 29/58 | €7,380,872 | €7,795,809 | +€414,937 | +5.6% |
| Amounts receivable within one year | 40/41 | €2,108,054 | €2,099,108 | -€8,946 | -0.4% |
| Trade receivables | 40 | €1,691,112 | €1,605,183 | -€85,929 | -5.1% |
| Other amounts receivable | 41 | €416,942 | €493,925 | +€76,983 | +18.5% |
| Cash at bank and in hand | 54/58 | €3,320,137 | €5,600,234 | +€2.3m | +68.7% |
| Deferred charges and accrued income | 490/1 | €1,952,681 | €96,467 | -€1.9m | -95.1% |
| Total equity and liabilities | 10/49 | €7,938,689 | €8,148,077 | +€209,388 | +2.6% |
| Equity | 10/15 | €5,245,816 | €5,861,584 | +€615,767 | +11.7% |
| Contributions | 10/11 | €62,447 | €62,447 | = | 0.0% |
| Capital | 10 | €62,447 | €62,447 | = | 0.0% |
| Issued capital | 100 | €62,447 | €62,447 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | - | -€12,395 | |
| Reserves not available under the articles | 1311 | - | €12,395 | +€12,395 | |
| Profit (loss) carried forward | 14 | €5,170,975 | €5,786,742 | +€615,767 | +11.9% |
| Amounts payable | 17/49 | €2,692,873 | €2,286,493 | -€406,380 | -15.1% |
| Amounts payable within one year | 42/48 | €2,692,873 | €2,286,493 | -€406,380 | -15.1% |
| Financial debts | 43 | €688 | €0 | -€688 | -100.0% |
| Credit institutions | 430/8 | €688 | €0 | -€688 | -100.0% |
| Other loans | 439 | - | €0 | = | |
| Trade debts | 44 | €2,081,943 | €409,559 | -€1.7m | -80.3% |
| Suppliers | 440/4 | €2,081,943 | €409,559 | -€1.7m | -80.3% |
| Taxes, remuneration and social security | 45 | €610,231 | €1,876,932 | +€1.3m | +207.6% |
| Taxes | 450/3 | €121,913 | €1,480,176 | +€1.4m | +1114.1% |
| Remuneration and social security | 454/9 | €488,318 | €396,756 | -€91,561 | -18.8% |
| Other amounts payable | 47/48 | €11 | €2 | -€9 | -85.6% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Operating income | 70/76A | - | €14,077,087 | +€14.1m | |
| Turnover | 70 | - | €13,847,390 | +€13.8m | |
| Other operating income | 74 | - | €198,044 | +€198,044 | |
| Non-recurring operating income | 76A | €16,680 | €31,653 | +€14,973 | +89.8% |
| Operating charges | 60/66A | - | €12,576,765 | +€12.6m | |
| Goods for resale, raw materials and consumables | 60 | - | €459,307 | +€459,307 | |
| Purchases | 600/8 | - | €459,307 | +€459,307 | |
| Services and other goods | 61 | - | €2,111,616 | +€2.1m | |
| Remuneration, social security and pensions | 62 | €3,632,524 | €3,685,794 | +€53,270 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,293 | €141,424 | +€10,131 | +7.7% |
| Other operating charges | 640/8 | €5,934,489 | €6,178,624 | +€244,135 | +4.1% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €10,584,681 | - | -€10.6m | |
| Operating profit (loss) | 9901 | €886,375 | €1,500,322 | +€613,947 | +69.3% |
| Financial income | 75/76B | €27 | €1,247,539 | +€1.2m | +4620413.6% |
| Recurring financial income | 75 | €27 | €1,562 | +€1,535 | +5685.2% |
| Other financial income | 752/9 | - | €1,562 | +€1,562 | |
| Non-recurring financial income | 76B | - | €1,245,977 | +€1.2m | |
| Financial charges | 65/66B | €99,352 | €80,726 | -€18,626 | -18.7% |
| Recurring financial charges | 65 | €99,352 | €68,227 | -€31,125 | -31.3% |
| Debt charges | 650 | - | €64,245 | +€64,245 | |
| Other financial charges | 652/9 | - | €3,982 | +€3,982 | |
| Non-recurring financial charges | 66B | - | €12,499 | +€12,499 | |
| Profit (loss) for the period before taxes | 9903 | €787,051 | €2,667,135 | +€1.9m | +238.9% |
| Income taxes | 67/77 | -€27,089 | €2,051,367 | +€2.1m | |
| Taxes | 670/3 | - | €2,136,997 | +€2.1m | |
| Tax adjustments and reversals of tax provisions | 77 | - | €85,629 | +€85,629 | |
| Profit (loss) for the period | 9904 | €814,140 | €615,767 | -€198,373 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €814,140 | €615,767 | -€198,373 | -24.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.