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
- Tangible fixed assets -€7,048
down €7,048 (-24.3%), from €29,011 to €21,963
of which Furniture and vehicles: -€6,406
- Trade debts +€39,973
up €39,973 (+13.4%), from €298,447 to €338,421
- Debts after one year -€28,540
down €28,540 (-82.4%), from €34,650 to €6,110
- Short-term financial debts +€19,530
up €19,530 (+904.7%), from €2,159 to €21,689
- Tax, wage and social debts -€18,245
down €18,245 (-80.0%), from €22,817 to €4,572
- Profit (loss) carried forward -€9,952
down €9,952 (-9.6%), from €103,879 to €93,927
- Gross operating margin -€45,106
down €45,106 (-72.8%), from €61,933 to €16,827
- Depreciation -€13,146
down €13,146 (-47.2%), from €27,833 to €14,688
- Taxes -€7,059
no longer reported in 2025 (was €7,059)
- Other operating charges +€3,254
up €3,254 (+51.8%), from €6,276 to €9,531
- Financial charges -€2,046
down €2,046 (-29.8%), from €6,863 to €4,817
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 | €545,722 | €549,966 | +€4,244 | +0.8% |
| Fixed assets | 21/28 | €29,011 | €26,163 | -€2,848 | -9.8% |
| Tangible fixed assets | 22/27 | €29,011 | €21,963 | -€7,048 | -24.3% |
| Plant, machinery and equipment | 23 | €1,720 | €1,078 | -€642 | -37.3% |
| Furniture and vehicles | 24 | €27,291 | €20,885 | -€6,406 | -23.5% |
| Financial fixed assets | 28 | - | €4,200 | +€4,200 | |
| Current assets | 29/58 | €516,711 | €523,804 | +€7,093 | +1.4% |
| Stocks and contracts in progress | 3 | €15,165 | €19,088 | +€3,923 | +25.9% |
| Stocks | 30/36 | €15,165 | €19,088 | +€3,923 | +25.9% |
| Amounts receivable within one year | 40/41 | €500,337 | €504,715 | +€4,379 | +0.9% |
| Trade receivables | 40 | €490,464 | €503,838 | +€13,373 | +2.7% |
| Other amounts receivable | 41 | €9,873 | €878 | -€8,995 | -91.1% |
| Cash at bank and in hand | 54/58 | €803 | - | -€803 | |
| Deferred charges and accrued income | 490/1 | €406 | - | -€406 | |
| Total equity and liabilities | 10/49 | €545,722 | €549,966 | +€4,244 | +0.8% |
| Equity | 10/15 | €124,284 | €114,332 | -€9,952 | -8.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,879 | €93,927 | -€9,952 | -9.6% |
| Amounts payable | 17/49 | €421,438 | €435,635 | +€14,197 | +3.4% |
| Amounts payable after more than one year | 17 | €34,650 | €6,110 | -€28,540 | -82.4% |
| Financial debts | 170/4 | €34,650 | €6,110 | -€28,540 | -82.4% |
| Amounts payable within one year | 42/48 | €386,788 | €429,524 | +€42,736 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €4,264 | €11,793 | +€7,529 | +176.5% |
| Financial debts | 43 | €2,159 | €21,689 | +€19,530 | +904.7% |
| Credit institutions | 430/8 | €2,159 | €21,689 | +€19,530 | +904.7% |
| Trade debts | 44 | €298,447 | €338,421 | +€39,973 | +13.4% |
| Suppliers | 440/4 | €298,447 | €338,421 | +€39,973 | +13.4% |
| Taxes, remuneration and social security | 45 | €22,817 | €4,572 | -€18,245 | -80.0% |
| Taxes | 450/3 | €22,817 | €4,572 | -€18,245 | -80.0% |
| Other amounts payable | 47/48 | €59,101 | €53,050 | -€6,051 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,833 | €14,688 | -€13,146 | -47.2% |
| Other operating charges | 640/8 | €6,276 | €9,531 | +€3,254 | +51.8% |
| Gross operating margin | 9900 | €61,933 | €16,827 | -€45,106 | -72.8% |
| Operating profit (loss) | 9901 | €27,823 | -€7,391 | -€35,215 | |
| Financial income | 75/76B | €4 | €234 | +€230 | +5613.0% |
| Recurring financial income | 75 | €4 | €234 | +€230 | +5613.0% |
| Financial charges | 65/66B | €6,863 | €4,817 | -€2,046 | -29.8% |
| Recurring financial charges | 65 | €6,863 | €4,817 | -€2,046 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €20,964 | -€11,975 | -€32,939 | |
| Income taxes | 67/77 | €7,059 | - | -€7,059 | |
| Profit (loss) for the period | 9904 | €13,905 | -€11,975 | -€25,880 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,905 | -€11,975 | -€25,880 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.