CITIZEN KANE: 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.
CITIZEN KANE
Largest movements
- Tangible fixed assets -€29,456
down €29,456 (-7.1%), from €414,591 to €385,135
of which Land and buildings: -€36,569
- Cash -€9,442
no longer reported in 2025 (was €9,442)
mainly Debts after one year (-€28,695) and Net result for the year (-€26,644)
- Debts after one year -€28,695
down €28,695 (-21.2%), from €135,226 to €106,531
- Profit (loss) carried forward -€26,644
down €26,644 (-17.6%), from -€151,609 to -€178,253
- Short-term financial debts +€8,666
new in 2025: €8,666
- Other debts +€6,673
up €6,673 (+2.7%), from €249,880 to €256,553
- Gross operating margin -€3,551
down €3,551 (-9.2%), from €38,640 to €35,089
- Depreciation -€2,922
down €2,922 (-5.3%), from €55,621 to €52,699
- Other operating charges -€610
down €610 (-9.2%), from €6,649 to €6,039
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.
Cash bridge derived
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 | €428,577 | €386,877 | -€41,700 | -9.7% |
| Fixed assets | 21/28 | €414,591 | €385,135 | -€29,456 | -7.1% |
| Tangible fixed assets | 22/27 | €414,591 | €385,135 | -€29,456 | -7.1% |
| Land and buildings | 22 | €414,591 | €378,022 | -€36,569 | -8.8% |
| Furniture and vehicles | 24 | - | €7,113 | +€7,113 | |
| Current assets | 29/58 | €13,985 | €1,742 | -€12,244 | -87.5% |
| Amounts receivable within one year | 40/41 | €4,543 | €1,742 | -€2,801 | -61.7% |
| Trade receivables | 40 | €4,543 | €1,742 | -€2,801 | -61.7% |
| Cash at bank and in hand | 54/58 | €9,442 | - | -€9,442 | |
| Total equity and liabilities | 10/49 | €428,577 | €386,877 | -€41,700 | -9.7% |
| Equity | 10/15 | €12,610 | -€14,034 | -€26,644 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €14,219 | €14,219 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,219 | €14,219 | = | 0.0% |
| Legal reserve | 130 | €14,219 | €14,219 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,609 | -€178,253 | -€26,644 | -17.6% |
| Amounts payable | 17/49 | €415,967 | €400,910 | -€15,057 | -3.6% |
| Amounts payable after more than one year | 17 | €135,226 | €106,531 | -€28,695 | -21.2% |
| Financial debts | 170/4 | €135,226 | €106,531 | -€28,695 | -21.2% |
| Amounts payable within one year | 42/48 | €280,741 | €294,379 | +€13,639 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €28,257 | €28,695 | +€439 | +1.6% |
| Financial debts | 43 | - | €8,666 | +€8,666 | |
| Credit institutions | 430/8 | - | €8,666 | +€8,666 | |
| Trade debts | 44 | €2,604 | €465 | -€2,139 | -82.1% |
| Suppliers | 440/4 | €2,604 | €465 | -€2,139 | -82.1% |
| Other amounts payable | 47/48 | €249,880 | €256,553 | +€6,673 | +2.7% |
| Non-recurring operating income | 76A | - | €2,276 | +€2,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,621 | €52,699 | -€2,922 | -5.3% |
| Other operating charges | 640/8 | €6,649 | €6,039 | -€610 | -9.2% |
| Gross operating margin | 9900 | €38,640 | €35,089 | -€3,551 | -9.2% |
| Operating profit (loss) | 9901 | -€23,630 | -€23,649 | -€19 | -0.1% |
| Financial charges | 65/66B | €2,991 | €2,995 | +€4 | +0.1% |
| Recurring financial charges | 65 | €2,991 | €2,995 | +€4 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,621 | -€26,644 | -€23 | -0.1% |
| Profit (loss) for the period | 9904 | -€26,621 | -€26,644 | -€23 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,621 | -€26,644 | -€23 | -0.1% |
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 10 October 2026 via checked.be.