CITIZEN CAIN: 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.
What changed
CITIZEN CAIN
NACE 59.111, Production of cinema films
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€277
2024 · €973-€1,250
Equity
€62,617
2024 · €62,894-€277
Cash
€3,627
2024 · €3,397+€230
Balance sheet total
€256,409
2024 · €321,999-€65,590
Largest movements
Assets
- Receivables within one year -€90,269
down €90,269 (-82.6%), from €109,343 to €19,074
of which Trade receivables: -€90,520
- Deferred charges and accrued income +€28,269
up €28,269 (+112%), from €25,265 to €53,534
- Tangible fixed assets -€3,820
down €3,820 (-40.0%), from €9,543 to €5,723
Equity and liabilities
- Trade debts -€57,795
down €57,795 (-78.9%), from €73,243 to €15,448
- Current portion of long-term debt -€8,847
no longer reported in 2025 (was €8,847)
Income statement
- Gross operating margin -€22,172
down €22,172 (-10.9%), from €204,349 to €182,177
- Staff costs -€18,619
down €18,619 (-9.8%), from €189,104 to €170,485
- Depreciation -€3,072
down €3,072 (-44.6%), from €6,893 to €3,821
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.
Result 2024
€973
Gross operating margin
-€22,172
Staff costs
+€18,619
Depreciation
+€3,072
Write-downs
-€435
Other operating charges
+€312
Financial income
+€239
Financial charges
+€1,040
Taxes
-€1,925
Result 2025
-€277
raises the resultlowers the result
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.
From operations
+€7,060
Investment
-€1
Financing
-€6,829
Cash 2024
€3,397
From operations (derived)
+€7,060
Net result for the year
-€277
Depreciation
+€3,821
Receivables within one year
+€90,269
Deferred charges and accrued income
-€28,269
Trade debts
-€57,795
Tax, wage and social debts
-€2,106
Other debts
+€97
Accrued charges and deferred income
+€1,320
Investment (derived)
-€1
Investment in fixed assets (net)
-€1
Financing
-€6,829
Current portion of long-term debt
-€8,847
Short-term financial debts
+€2,018
Cash 2025
€3,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,999 | €256,409 | -€65,590 | -20.4% |
| Fixed assets | 21/28 | €183,994 | €180,174 | -€3,820 | -2.1% |
| Tangible fixed assets | 22/27 | €9,543 | €5,723 | -€3,820 | -40.0% |
| Furniture and vehicles | 24 | €9,543 | €5,723 | -€3,820 | -40.0% |
| Financial fixed assets | 28 | €174,451 | €174,451 | = | 0.0% |
| Current assets | 29/58 | €138,005 | €76,235 | -€61,770 | -44.8% |
| Amounts receivable within one year | 40/41 | €109,343 | €19,074 | -€90,269 | -82.6% |
| Trade receivables | 40 | €109,076 | €18,556 | -€90,520 | -83.0% |
| Other amounts receivable | 41 | €267 | €518 | +€251 | +94.0% |
| Cash at bank and in hand | 54/58 | €3,397 | €3,627 | +€230 | +6.8% |
| Deferred charges and accrued income | 490/1 | €25,265 | €53,534 | +€28,269 | +112% |
| Total equity and liabilities | 10/49 | €321,999 | €256,409 | -€65,590 | -20.4% |
| Equity | 10/15 | €62,894 | €62,617 | -€277 | -0.4% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €4,698 | €4,698 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,838 | €2,838 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,196 | €48,919 | -€277 | -0.6% |
| Amounts payable | 17/49 | €259,105 | €193,792 | -€65,313 | -25.2% |
| Amounts payable within one year | 42/48 | €251,767 | €185,134 | -€66,633 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €8,847 | - | -€8,847 | |
| Financial debts | 43 | €144,222 | €146,240 | +€2,018 | +1.4% |
| Credit institutions | 430/8 | €12,222 | €14,240 | +€2,018 | +16.5% |
| Other loans | 439 | €132,000 | €132,000 | = | 0.0% |
| Trade debts | 44 | €73,243 | €15,448 | -€57,795 | -78.9% |
| Suppliers | 440/4 | €73,243 | €15,448 | -€57,795 | -78.9% |
| Taxes, remuneration and social security | 45 | €23,055 | €20,949 | -€2,106 | -9.1% |
| Taxes | 450/3 | €3,000 | €3,900 | +€900 | +30.0% |
| Remuneration and social security | 454/9 | €20,055 | €17,049 | -€3,006 | -15.0% |
| Other amounts payable | 47/48 | €2,400 | €2,497 | +€97 | +4.0% |
| Accrued charges and deferred income | 492/3 | €7,338 | €8,658 | +€1,320 | +18.0% |
| Remuneration, social security and pensions | 62 | €189,104 | €170,485 | -€18,619 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,893 | €3,821 | -€3,072 | -44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €435 | +€435 | |
| Other operating charges | 640/8 | €764 | €452 | -€312 | -40.8% |
| Gross operating margin | 9900 | €204,349 | €182,177 | -€22,172 | -10.9% |
| Operating profit (loss) | 9901 | €7,588 | €6,984 | -€604 | -8.0% |
| Financial income | 75/76B | - | €239 | +€239 | |
| Recurring financial income | 75 | - | €239 | +€239 | |
| Financial charges | 65/66B | €3,826 | €2,786 | -€1,040 | -27.2% |
| Recurring financial charges | 65 | €3,826 | €2,786 | -€1,040 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €3,762 | €4,437 | +€675 | +17.9% |
| Income taxes | 67/77 | €2,789 | €4,714 | +€1,925 | +69.0% |
| Profit (loss) for the period | 9904 | €973 | -€277 | -€1,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €973 | -€277 | -€1,250 |
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.