CITMS: 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.
CITMS
Largest movements
- Tangible fixed assets +€66,834
up €66,834 (+12.0%), from €558,754 to €625,588
of which Land and buildings: +€77,287
- Receivables within one year -€18,384
down €18,384 (-32.3%), from €56,892 to €38,508
- Cash +€14,586
up €14,586 (+64.5%), from €22,631 to €37,217
mainly Net result for the year (+€48,760) and Other debts (+€45,502)
- Other debts +€45,502
up €45,502 (+52.7%), from €86,312 to €131,814
- Tax, wage and social debts +€25,722
up €25,722 (+137%), from €18,717 to €44,439
- Profit (loss) carried forward -€21,240
down €21,240 (-30.1%), from €70,506 to €49,266
- Trade debts +€7,805
up €7,805 (+302%), from €2,581 to €10,386
- Depreciation -€29,312
down €29,312 (-41.7%), from €70,300 to €40,988
- Gross operating margin +€17,301
up €17,301 (+15.0%), from €115,486 to €132,787
- Financial charges +€7,460
up €7,460 (+55.4%), from €13,457 to €20,917
- Taxes +€7,325
up €7,325 (+71.9%), from €10,182 to €17,507
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 | €642,055 | €703,762 | +€61,708 | +9.6% |
| Fixed assets | 21/28 | €558,779 | €625,613 | +€66,834 | +12.0% |
| Tangible fixed assets | 22/27 | €558,754 | €625,588 | +€66,834 | +12.0% |
| Land and buildings | 22 | €511,699 | €588,985 | +€77,287 | +15.1% |
| Plant, machinery and equipment | 23 | €2,022 | €1,435 | -€587 | -29.0% |
| Furniture and vehicles | 24 | €45,033 | €35,167 | -€9,866 | -21.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €83,275 | €78,149 | -€5,126 | -6.2% |
| Amounts receivable within one year | 40/41 | €56,892 | €38,508 | -€18,384 | -32.3% |
| Trade receivables | 40 | €56,892 | €38,508 | -€18,384 | -32.3% |
| Cash at bank and in hand | 54/58 | €22,631 | €37,217 | +€14,586 | +64.5% |
| Deferred charges and accrued income | 490/1 | €3,752 | €2,424 | -€1,328 | -35.4% |
| Total equity and liabilities | 10/49 | €642,055 | €703,762 | +€61,708 | +9.6% |
| Equity | 10/15 | €90,106 | €68,866 | -€21,240 | -23.6% |
| Contributions | 10/11 | €18,600 | €19,600 | +€1,000 | +5.4% |
| Reserves | 13 | €1,000 | - | -€1,000 | |
| Distributable reserves | 133 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €70,506 | €49,266 | -€21,240 | -30.1% |
| Amounts payable | 17/49 | €551,949 | €634,896 | +€82,948 | +15.0% |
| Amounts payable after more than one year | 17 | €422,315 | €421,091 | -€1,224 | -0.3% |
| Financial debts | 170/4 | €422,315 | €421,091 | -€1,224 | -0.3% |
| Amounts payable within one year | 42/48 | €129,634 | €213,806 | +€84,172 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | €22,024 | €27,167 | +€5,143 | +23.4% |
| Trade debts | 44 | €2,581 | €10,386 | +€7,805 | +302% |
| Suppliers | 440/4 | €2,581 | €10,386 | +€7,805 | +302% |
| Taxes, remuneration and social security | 45 | €18,717 | €44,439 | +€25,722 | +137% |
| Taxes | 450/3 | €18,717 | €44,439 | +€25,722 | +137% |
| Other amounts payable | 47/48 | €86,312 | €131,814 | +€45,502 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,300 | €40,988 | -€29,312 | -41.7% |
| Other operating charges | 640/8 | €4,478 | €4,348 | -€130 | -2.9% |
| Non-recurring operating charges | 66A | €413 | €296 | -€117 | -28.3% |
| Gross operating margin | 9900 | €115,486 | €132,787 | +€17,301 | +15.0% |
| Operating profit (loss) | 9901 | €40,294 | €87,154 | +€46,859 | +116% |
| Financial income | 75/76B | €279 | €31 | -€248 | -89.0% |
| Recurring financial income | 75 | €279 | €31 | -€248 | -89.0% |
| Financial charges | 65/66B | €13,457 | €20,917 | +€7,460 | +55.4% |
| Recurring financial charges | 65 | €13,457 | €20,917 | +€7,460 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €27,116 | €66,267 | +€39,151 | +144% |
| Income taxes | 67/77 | €10,182 | €17,507 | +€7,325 | +71.9% |
| Profit (loss) for the period | 9904 | €16,934 | €48,760 | +€31,826 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €16,934 | €48,760 | +€31,826 | +188% |
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 19 October 2026 via checked.be.