CITY COMMERCE KVK: what changed
What changed
CITY COMMERCE KVK
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€310,056
2024 · €88,081+€221,976
Equity
€2.0m
2024 · €1.7m+€310,056
Cash
€118,272
2024 · €237,782-€119,510
Balance sheet total
€2.0m
2024 · €2.6m-€606,089
Largest movements
Assets
- Tangible fixed assets -€463,324
down €463,324 (-19.6%), from €2.4m to €1.9m
- Cash -€119,510
down €119,510 (-50.3%), from €237,782 to €118,272
mainly Other debts (-€917,307)
Equity and liabilities
- Other debts -€917,307
down €917,307 (-94.8%), from €967,307 to €50,000
- Reserves +€310,056
up €310,056 (+68.1%), from €455,270 to €765,326
of which Distributable reserves: +€294,554
Income statement
- Gross operating margin +€261,087
up €261,087 (+96.6%), from €270,239 to €531,326
- Taxes +€76,756
up €76,756 (+261%), from €29,360 to €106,116
- Financial charges -€28,622
down €28,622 (-42.4%), from €67,509 to €38,887
- Depreciation -€9,448
down €9,448 (-16.2%), from €58,358 to €48,910
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€88,081
Gross operating margin
+€261,087
Depreciation
+€9,448
Other operating charges
-€425
Financial income
-€0
Financial charges
+€28,622
Taxes
-€76,756
Result 2025
€310,056
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€533,924
Investment
+€414,414
Financing
€0
Cash 2024
€237,782
From operations (derived)
-€533,924
Net result for the year
+€310,056
Depreciation
+€48,910
Receivables within one year
+€23,255
Smaller working-capital items
+€1,161
Other debts
-€917,307
Investment (derived)
+€414,414
Investment in fixed assets (net)
+€414,414
Cash 2025
€118,272
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,644,642 | €2,038,553 | -€606,089 | -22.9% |
| Fixed assets | 21/28 | €2,364,928 | €1,901,604 | -€463,324 | -19.6% |
| Tangible fixed assets | 22/27 | €2,364,928 | €1,901,604 | -€463,324 | -19.6% |
| Land and buildings | 22 | €2,364,928 | €1,901,604 | -€463,324 | -19.6% |
| Current assets | 29/58 | €279,714 | €136,949 | -€142,765 | -51.0% |
| Amounts receivable within one year | 40/41 | €41,932 | €18,677 | -€23,255 | -55.5% |
| Trade receivables | 40 | €11,293 | €4,153 | -€7,139 | -63.2% |
| Other amounts receivable | 41 | €30,640 | €14,524 | -€16,116 | -52.6% |
| Cash at bank and in hand | 54/58 | €237,782 | €118,272 | -€119,510 | -50.3% |
| Total equity and liabilities | 10/49 | €2,644,642 | €2,038,553 | -€606,089 | -22.9% |
| Equity | 10/15 | €1,676,270 | €1,986,326 | +€310,056 | +18.5% |
| Contributions | 10/11 | €1,221,000 | €1,221,000 | = | 0.0% |
| Capital | 10 | €1,221,000 | €1,221,000 | = | 0.0% |
| Issued capital | 100 | €1,221,000 | €1,221,000 | = | 0.0% |
| Reserves | 13 | €455,270 | €765,326 | +€310,056 | +68.1% |
| Non-distributable reserves | 130/1 | €24,051 | €39,554 | +€15,503 | +64.5% |
| Legal reserve | 130 | €24,051 | €39,554 | +€15,503 | +64.5% |
| Distributable reserves | 133 | €431,218 | €725,772 | +€294,554 | +68.3% |
| Amounts payable | 17/49 | €968,373 | €52,227 | -€916,146 | -94.6% |
| Amounts payable within one year | 42/48 | €968,373 | €52,227 | -€916,146 | -94.6% |
| Trade debts | 44 | €409 | €1,285 | +€876 | +214% |
| Suppliers | 440/4 | €409 | €1,285 | +€876 | +214% |
| Taxes, remuneration and social security | 45 | €657 | €942 | +€285 | +43.5% |
| Taxes | 450/3 | €657 | €942 | +€285 | +43.5% |
| Other amounts payable | 47/48 | €967,307 | €50,000 | -€917,307 | -94.8% |
| Non-recurring operating income | 76A | €40,783 | €322,728 | +€281,945 | +691% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,358 | €48,910 | -€9,448 | -16.2% |
| Other operating charges | 640/8 | €26,931 | €27,356 | +€425 | +1.6% |
| Gross operating margin | 9900 | €270,239 | €531,326 | +€261,087 | +96.6% |
| Operating profit (loss) | 9901 | €184,950 | €455,059 | +€270,110 | +146% |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €67,509 | €38,887 | -€28,622 | -42.4% |
| Recurring financial charges | 65 | €67,509 | €38,887 | -€28,622 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €117,441 | €416,173 | +€298,731 | +254% |
| Income taxes | 67/77 | €29,360 | €106,116 | +€76,756 | +261% |
| Profit (loss) for the period | 9904 | €88,081 | €310,056 | +€221,976 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €88,081 | €310,056 | +€221,976 | +252% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.