Citizens Holding: 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.
Citizens Holding
Largest movements
- Financial fixed assets +€14.3m
new in 2025: €14.3m
- Cash +€288,267
up €288,267 (+2,155%), from €13,378 to €301,645
mainly Debts after one year (+€7.0m) and Contributions, distributions and other (+€5.0m)
- Debts after one year +€7.0m
new in 2025: €7.0m
- Contributions +€5.0m
up €5.0m (+8,146%), from €61,500 to €5.1m
- Current portion of long-term debt +€1.5m
new in 2025: €1.5m
- Reserves +€670,661
new in 2025: €670,661
- Trade debts +€280,886
up €280,886 (+3,095%), from €9,075 to €289,961
- Financial income +€949,275
up €949,275 (+730,211,300%), from €0 to €949,275
- Financial charges +€164,149
up €164,149 (+26,507%), from €619 to €164,769
- Gross operating margin -€9,412
down €9,412 (-20.2%), from -€46,682 to -€56,094
- Staff costs -€2,716
down €2,716 (-47.5%), from €5,720 to €3,005
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 | €16,453 | €14,617,813 | +€14.6m | +88,748% |
| Fixed assets | 21/28 | - | €14,275,400 | +€14.3m | |
| Financial fixed assets | 28 | - | €14,275,400 | +€14.3m | |
| Current assets | 29/58 | €16,453 | €342,412 | +€325,960 | +1,981% |
| Amounts receivable within one year | 40/41 | €1,149 | €39,710 | +€38,561 | +3,355% |
| Trade receivables | 40 | - | €5,167 | +€5,167 | |
| Other amounts receivable | 41 | €1,149 | €34,543 | +€33,394 | +2,906% |
| Cash at bank and in hand | 54/58 | €13,378 | €301,645 | +€288,267 | +2,155% |
| Deferred charges and accrued income | 490/1 | €1,925 | €1,058 | -€868 | -45.1% |
| Total equity and liabilities | 10/49 | €16,453 | €14,617,813 | +€14.6m | +88,748% |
| Equity | 10/15 | €7,338 | €5,742,027 | +€5.7m | +78,146% |
| Contributions | 10/11 | €61,500 | €5,071,366 | +€5.0m | +8,146% |
| Reserves | 13 | - | €670,661 | +€670,661 | |
| Distributable reserves | 133 | - | €670,661 | +€670,661 | |
| Profit (loss) carried forward | 14 | -€54,162 | €0 | +€54,162 | |
| Amounts payable | 17/49 | €9,114 | €8,875,786 | +€8.9m | +97,284% |
| Amounts payable after more than one year | 17 | - | €6,995,841 | +€7.0m | |
| Financial debts | 170/4 | - | €6,995,841 | +€7.0m | |
| Amounts payable within one year | 42/48 | €9,114 | €1,817,711 | +€1.8m | +19,844% |
| Current portion of amounts payable after more than one year | 42 | - | €1,527,750 | +€1.5m | |
| Trade debts | 44 | €9,075 | €289,961 | +€280,886 | +3,095% |
| Suppliers | 440/4 | €9,075 | €289,961 | +€280,886 | +3,095% |
| Taxes, remuneration and social security | 45 | €39 | €0 | -€39 | -100% |
| Remuneration and social security | 454/9 | €39 | €0 | -€39 | -100% |
| Accrued charges and deferred income | 492/3 | - | €62,233 | +€62,233 | |
| Remuneration, social security and pensions | 62 | €5,720 | €3,005 | -€2,716 | -47.5% |
| Other operating charges | 640/8 | €1,140 | €585 | -€554 | -48.6% |
| Gross operating margin | 9900 | -€46,682 | -€56,094 | -€9,412 | -20.2% |
| Operating profit (loss) | 9901 | -€53,542 | -€59,684 | -€6,142 | -11.5% |
| Financial income | 75/76B | €0 | €949,275 | +€949,275 | +730,211,300% |
| Recurring financial income | 75 | €0 | €949,275 | +€949,275 | +730,211,300% |
| Financial charges | 65/66B | €619 | €164,769 | +€164,149 | +26,507% |
| Recurring financial charges | 65 | €619 | €164,769 | +€164,149 | +26,507% |
| Profit (loss) for the period before taxes | 9903 | -€54,162 | €724,822 | +€778,984 | |
| Profit (loss) for the period | 9904 | -€54,162 | €724,822 | +€778,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,162 | €724,822 | +€778,984 |
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 23 October 2026 via checked.be.