CITO BELGIUM: 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.
CITO BELGIUM
Largest movements
- Cash +€296,547
up €296,547 (+226%), from €130,955 to €427,502
mainly Trade debts (+€354,679) and Tax, wage and social debts (+€7,758)
- Receivables within one year +€69,104
up €69,104 (+634%), from €10,896 to €80,000
of which Trade receivables: +€79,000
- Trade debts +€354,679
up €354,679 (+25,534%), from €1,389 to €356,068
- Tax, wage and social debts +€7,758
new in 2025: €7,758
- Gross operating margin -€1,698
down €1,698 (-25.5%), from €6,655 to €4,957
- Other operating charges -€400
down €400 (-43.5%), from €920 to €520
- Financial charges +€299
up €299 (+32.4%), from €923 to €1,223
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 | €142,390 | €507,612 | +€365,222 | +256% |
| Fixed assets | 21/28 | €540 | €110 | -€430 | -79.7% |
| Tangible fixed assets | 22/27 | €540 | €110 | -€430 | -79.7% |
| Plant, machinery and equipment | 23 | €540 | €110 | -€430 | -79.7% |
| Current assets | 29/58 | €141,850 | €507,502 | +€365,651 | +258% |
| Amounts receivable within one year | 40/41 | €10,896 | €80,000 | +€69,104 | +634% |
| Trade receivables | 40 | €1,000 | €80,000 | +€79,000 | +7,900% |
| Other amounts receivable | 41 | €9,896 | - | -€9,896 | |
| Cash at bank and in hand | 54/58 | €130,955 | €427,502 | +€296,547 | +226% |
| Total equity and liabilities | 10/49 | €142,390 | €507,612 | +€365,222 | +256% |
| Equity | 10/15 | €140,651 | €143,436 | +€2,785 | +2.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,451 | €75,236 | +€2,785 | +3.8% |
| Amounts payable | 17/49 | €1,739 | €364,176 | +€362,437 | +20,841% |
| Amounts payable within one year | 42/48 | €1,489 | €363,926 | +€362,437 | +24,340% |
| Trade debts | 44 | €1,389 | €356,068 | +€354,679 | +25,534% |
| Suppliers | 440/4 | €1,389 | €356,068 | +€354,679 | +25,534% |
| Taxes, remuneration and social security | 45 | - | €7,758 | +€7,758 | |
| Taxes | 450/3 | - | €7,758 | +€7,758 | |
| Other amounts payable | 47/48 | €100 | €100 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €250 | €250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €430 | €430 | = | 0.0% |
| Other operating charges | 640/8 | €920 | €520 | -€400 | -43.5% |
| Gross operating margin | 9900 | €6,655 | €4,957 | -€1,698 | -25.5% |
| Operating profit (loss) | 9901 | €5,305 | €4,008 | -€1,298 | -24.5% |
| Financial charges | 65/66B | €923 | €1,223 | +€299 | +32.4% |
| Recurring financial charges | 65 | €923 | €1,223 | +€299 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €4,382 | €2,785 | -€1,597 | -36.4% |
| Profit (loss) for the period | 9904 | €4,382 | €2,785 | -€1,597 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,382 | €2,785 | -€1,597 | -36.4% |
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 28 October 2026 via checked.be.