CITRABEL: 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.
CITRABEL
Largest movements
- Tangible fixed assets +€107,808
up €107,808 (+337.6%), from €31,936 to €139,744
of which Other tangible fixed assets: +€105,262
- Receivables within one year -€77,216
down €77,216 (-85.0%), from €90,794 to €13,578
of which Trade receivables: -€79,037
- Financial fixed assets +€42,000
up €42,000 (+73.7%), from €57,018 to €99,018
- Cash +€18,272
up €18,272 (+17.2%), from €106,411 to €124,683
mainly Receivables within one year (+€77,216) and Net result for the year (+€41,478)
- Deferred charges and accrued income -€11,650
down €11,650 (-44.9%), from €25,973 to €14,323
- Reserves +€41,478
up €41,478 (+17.3%), from €239,574 to €281,053
- Trade debts +€31,687
up €31,687 (+125.4%), from €25,278 to €56,965
- Tax, wage and social debts +€10,657
up €10,657 (+47.8%), from €22,280 to €32,936
- Gross operating margin -€13,785
down €13,785 (-15.2%), from €90,841 to €77,057
- Taxes -€4,368
down €4,368 (-19.6%), from €22,335 to €17,966
- Depreciation +€4,365
up €4,365 (+104.2%), from €4,191 to €8,555
- Financial charges -€1,910
down €1,910 (-18.4%), from €10,384 to €8,474
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 | €312,132 | €391,346 | +€79,214 | +25.4% |
| Fixed assets | 21/28 | €88,954 | €238,762 | +€149,808 | +168.4% |
| Tangible fixed assets | 22/27 | €31,936 | €139,744 | +€107,808 | +337.6% |
| Plant, machinery and equipment | 23 | €3,514 | €3,909 | +€395 | +11.2% |
| Furniture and vehicles | 24 | €19,054 | €21,205 | +€2,151 | +11.3% |
| Other tangible fixed assets | 26 | €9,368 | €114,630 | +€105,262 | +1123.6% |
| Financial fixed assets | 28 | €57,018 | €99,018 | +€42,000 | +73.7% |
| Current assets | 29/58 | €223,178 | €152,584 | -€70,594 | -31.6% |
| Amounts receivable within one year | 40/41 | €90,794 | €13,578 | -€77,216 | -85.0% |
| Trade receivables | 40 | €81,607 | €2,571 | -€79,037 | -96.8% |
| Other amounts receivable | 41 | €9,187 | €11,007 | +€1,821 | +19.8% |
| Cash at bank and in hand | 54/58 | €106,411 | €124,683 | +€18,272 | +17.2% |
| Deferred charges and accrued income | 490/1 | €25,973 | €14,323 | -€11,650 | -44.9% |
| Total equity and liabilities | 10/49 | €312,132 | €391,346 | +€79,214 | +25.4% |
| Equity | 10/15 | €255,687 | €297,166 | +€41,478 | +16.2% |
| Contributions | 10/11 | €16,113 | €16,113 | = | 0.0% |
| Reserves | 13 | €239,574 | €281,053 | +€41,478 | +17.3% |
| Distributable reserves | 133 | €239,574 | €281,053 | +€41,478 | +17.3% |
| Amounts payable | 17/49 | €56,445 | €94,180 | +€37,736 | +66.9% |
| Amounts payable within one year | 42/48 | €56,445 | €94,180 | +€37,736 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €1,850 | €456 | -€1,394 | -75.4% |
| Credit institutions | 430/8 | €1,850 | €456 | -€1,394 | -75.4% |
| Trade debts | 44 | €25,278 | €56,965 | +€31,687 | +125.4% |
| Suppliers | 440/4 | €25,278 | €56,965 | +€31,687 | +125.4% |
| Taxes, remuneration and social security | 45 | €22,280 | €32,936 | +€10,657 | +47.8% |
| Taxes | 450/3 | €22,280 | €32,936 | +€10,657 | +47.8% |
| Other amounts payable | 47/48 | €7,037 | €3,823 | -€3,214 | -45.7% |
| Non-recurring operating income | 76A | €17,500 | €0 | -€17,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,191 | €8,555 | +€4,365 | +104.2% |
| Other operating charges | 640/8 | €1,174 | €1,210 | +€36 | +3.1% |
| Gross operating margin | 9900 | €90,841 | €77,057 | -€13,785 | -15.2% |
| Operating profit (loss) | 9901 | €85,477 | €67,291 | -€18,186 | -21.3% |
| Financial income | 75/76B | €419 | €627 | +€208 | +49.7% |
| Recurring financial income | 75 | €419 | €627 | +€208 | +49.7% |
| Financial charges | 65/66B | €10,384 | €8,474 | -€1,910 | -18.4% |
| Recurring financial charges | 65 | €10,384 | €8,474 | -€1,910 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €75,512 | €59,444 | -€16,067 | -21.3% |
| Income taxes | 67/77 | €22,335 | €17,966 | -€4,368 | -19.6% |
| Profit (loss) for the period | 9904 | €53,177 | €41,478 | -€11,699 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,177 | €41,478 | -€11,699 | -22.0% |
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 9 October 2026 via checked.be.