City Development Group: 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.
City Development Group
Largest movements
- Stocks and contracts +€71,739
up €71,739 (+11.6%), from €617,624 to €689,363
- Receivables within one year +€14,876
up €14,876 (+148.3%), from €10,032 to €24,908
of which Trade receivables: +€14,851
- Other debts +€92,599
up €92,599 (+24.5%), from €378,394 to €470,992
- Profit (loss) carried forward -€52,791
down €52,791 (-25.9%), from -€203,772 to -€256,563
- Short-term financial debts +€47,871
up €47,871 (+9.6%), from €499,690 to €547,561
- Advances received -€16,311
down €16,311 (-33.4%), from €48,809 to €32,498
- Trade debts +€8,824
up €8,824 (+62.3%), from €14,167 to €22,991
- Financial charges +€2,033
up €2,033 (+5.7%), from €35,576 to €37,608
- Gross operating margin -€1,974
down €1,974 (-28.1%), from -€7,022 to -€8,997
- Depreciation -€634
down €634 (-12.2%), from €5,207 to €4,573
- Staff costs -€277
down €277, from €138 to -€138
- Other operating charges +€262
up €262 (+17.4%), from €1,502 to €1,764
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 | €747,288 | €827,479 | +€80,191 | +10.7% |
| Fixed assets | 21/28 | €115,473 | €110,900 | -€4,573 | -4.0% |
| Tangible fixed assets | 22/27 | €115,473 | €110,900 | -€4,573 | -4.0% |
| Land and buildings | 22 | €115,473 | €110,900 | -€4,573 | -4.0% |
| Current assets | 29/58 | €631,815 | €716,579 | +€84,764 | +13.4% |
| Stocks and contracts in progress | 3 | €617,624 | €689,363 | +€71,739 | +11.6% |
| Stocks | 30/36 | €617,624 | €689,363 | +€71,739 | +11.6% |
| Amounts receivable within one year | 40/41 | €10,032 | €24,908 | +€14,876 | +148.3% |
| Trade receivables | 40 | €9,765 | €24,616 | +€14,851 | +152.1% |
| Other amounts receivable | 41 | €267 | €292 | +€25 | +9.5% |
| Cash at bank and in hand | 54/58 | €4,158 | €2,308 | -€1,850 | -44.5% |
| Total equity and liabilities | 10/49 | €747,288 | €827,479 | +€80,191 | +10.7% |
| Equity | 10/15 | -€193,772 | -€246,563 | -€52,791 | -27.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€203,772 | -€256,563 | -€52,791 | -25.9% |
| Amounts payable | 17/49 | €941,059 | €1,074,041 | +€132,982 | +14.1% |
| Amounts payable within one year | 42/48 | €941,059 | €1,074,041 | +€132,982 | +14.1% |
| Financial debts | 43 | €499,690 | €547,561 | +€47,871 | +9.6% |
| Credit institutions | 430/8 | €499,690 | €547,561 | +€47,871 | +9.6% |
| Trade debts | 44 | €14,167 | €22,991 | +€8,824 | +62.3% |
| Suppliers | 440/4 | €14,167 | €22,991 | +€8,824 | +62.3% |
| Advances received on contracts in progress | 46 | €48,809 | €32,498 | -€16,311 | -33.4% |
| Other amounts payable | 47/48 | €378,394 | €470,992 | +€92,599 | +24.5% |
| Remuneration, social security and pensions | 62 | €138 | -€138 | -€277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,207 | €4,573 | -€634 | -12.2% |
| Other operating charges | 640/8 | €1,502 | €1,764 | +€262 | +17.4% |
| Gross operating margin | 9900 | -€7,022 | -€8,997 | -€1,974 | -28.1% |
| Operating profit (loss) | 9901 | -€13,870 | -€15,196 | -€1,326 | -9.6% |
| Financial income | 75/76B | €10 | €13 | +€3 | +25.7% |
| Recurring financial income | 75 | €10 | €13 | +€3 | +25.7% |
| Financial charges | 65/66B | €35,576 | €37,608 | +€2,033 | +5.7% |
| Recurring financial charges | 65 | €35,576 | €37,608 | +€2,033 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,435 | -€52,791 | -€3,356 | -6.8% |
| Profit (loss) for the period | 9904 | -€49,435 | -€52,791 | -€3,356 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,435 | -€52,791 | -€3,356 | -6.8% |
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 11 October 2026 via checked.be.