CITO: 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.
CITO
Largest movements
- Current investments +€48,473
up €48,473 (+64.3%), from €75,434 to €123,907
- Tangible fixed assets -€42,856
down €42,856 (-18.0%), from €238,371 to €195,515
of which Land and buildings: -€49,292
- Cash +€11,730
up €11,730 (+170.7%), from €6,870 to €18,599
- Receivables within one year +€5,355
up €5,355 (+7.9%), from €67,863 to €73,218
of which Trade receivables: +€4,498
- Reserves +€23,622
up €23,622 (+6.9%), from €340,737 to €364,359
of which Distributable reserves: +€51,359
- Depreciation +€33,687
up €33,687 (+72.6%), from €46,374 to €80,061
- Gross operating margin +€26,381
up €26,381 (+21.9%), from €120,679 to €147,059
- Taxes +€6,110
up €6,110 (+29.3%), from €20,889 to €26,999
- Financial income +€3,527
up €3,527 (+108.3%), from €3,258 to €6,785
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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €503,537 | €526,239 | +€22,702 | +4.5% |
| Fixed assets | 21/28 | €238,371 | €195,515 | -€42,856 | -18.0% |
| Tangible fixed assets | 22/27 | €238,371 | €195,515 | -€42,856 | -18.0% |
| Land and buildings | 22 | €154,940 | €105,648 | -€49,292 | -31.8% |
| Plant, machinery and equipment | 23 | €34,040 | €48,979 | +€14,939 | +43.9% |
| Furniture and vehicles | 24 | €49,392 | €40,889 | -€8,503 | -17.2% |
| Current assets | 29/58 | €265,166 | €330,724 | +€65,558 | +24.7% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67,863 | €73,218 | +€5,355 | +7.9% |
| Trade receivables | 40 | €64,525 | €69,023 | +€4,498 | +7.0% |
| Other amounts receivable | 41 | €3,338 | €4,195 | +€857 | +25.7% |
| Current investments | 50/53 | €75,434 | €123,907 | +€48,473 | +64.3% |
| Cash at bank and in hand | 54/58 | €6,870 | €18,599 | +€11,730 | +170.7% |
| Total equity and liabilities | 10/49 | €503,537 | €526,239 | +€22,702 | +4.5% |
| Equity | 10/15 | €447,161 | €471,144 | +€23,983 | +5.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €340,737 | €364,359 | +€23,622 | +6.9% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €25,878 | - | -€25,878 | |
| Distributable reserves | 133 | €313,000 | €364,359 | +€51,359 | +16.4% |
| Profit (loss) carried forward | 14 | €100,227 | €100,588 | +€361 | +0.4% |
| Amounts payable | 17/49 | €56,376 | €55,095 | -€1,281 | -2.3% |
| Amounts payable within one year | 42/48 | €56,376 | €55,095 | -€1,281 | -2.3% |
| Financial debts | 43 | - | €74 | +€74 | |
| Credit institutions | 430/8 | - | €74 | +€74 | |
| Trade debts | 44 | €6,100 | €2,996 | -€3,104 | -50.9% |
| Suppliers | 440/4 | €6,100 | €2,996 | -€3,104 | -50.9% |
| Taxes, remuneration and social security | 45 | €35,277 | €34,025 | -€1,251 | -3.5% |
| Taxes | 450/3 | €35,277 | €34,025 | -€1,251 | -3.5% |
| Other amounts payable | 47/48 | €15,000 | €18,000 | +€3,000 | +20.0% |
| Non-recurring operating income | 76A | €10,984 | - | -€10,984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,374 | €80,061 | +€33,687 | +72.6% |
| Other operating charges | 640/8 | €4,034 | €4,273 | +€239 | +5.9% |
| Gross operating margin | 9900 | €120,679 | €147,059 | +€26,381 | +21.9% |
| Operating profit (loss) | 9901 | €70,271 | €62,725 | -€7,546 | -10.7% |
| Financial income | 75/76B | €3,258 | €6,785 | +€3,527 | +108.3% |
| Recurring financial income | 75 | €3,258 | €6,785 | +€3,527 | +108.3% |
| Financial charges | 65/66B | €503 | €528 | +€25 | +4.9% |
| Recurring financial charges | 65 | €503 | €528 | +€25 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €73,026 | €68,982 | -€4,044 | -5.5% |
| Income taxes | 67/77 | €20,889 | €26,999 | +€6,110 | +29.3% |
| Profit (loss) for the period | 9904 | €52,137 | €41,983 | -€10,154 | -19.5% |
| Transfer from tax-exempt reserves | 789 | - | €25,878 | +€25,878 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,137 | €67,861 | +€15,724 | +30.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.