CITY GLOBAL: 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 GLOBAL
Largest movements
- Stocks and contracts +€652,965
up €652,965 (+51.2%), from €1.3m to €1.9m
- Receivables within one year -€76,673
down €76,673 (-58.0%), from €132,171 to €55,498
of which Trade receivables: -€57,606
- Cash -€37,328
down €37,328 (-87.1%), from €42,877 to €5,549
mainly Stocks and contracts (-€652,965) and Investment in fixed assets (net) (-€12,881)
- Short-term financial debts +€448,322
up €448,322 (+64.3%), from €697,000 to €1.1m
- Other debts +€69,676
up €69,676 (+13.4%), from €518,618 to €588,294
- Reserves +€40,000
up €40,000 (+18.2%), from €219,900 to €259,900
of which Distributable reserves: +€40,000
- Gross operating margin -€28,258
down €28,258 (-19.1%), from €147,940 to €119,682
- Taxes -€7,457
down €7,457 (-25.6%), from €29,137 to €21,680
- Financial charges +€6,272
up €6,272 (+306%), from €2,047 to €8,318
- Other operating charges -€6,164
down €6,164 (-77.4%), from €7,962 to €1,798
- Depreciation +€2,081
up €2,081 (+51.3%), from €4,055 to €6,136
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 | €1,672,518 | €2,219,441 | +€546,923 | +32.7% |
| Fixed assets | 21/28 | €6,150 | €12,895 | +€6,745 | +110% |
| Tangible fixed assets | 22/27 | €4,350 | €11,095 | +€6,745 | +155% |
| Furniture and vehicles | 24 | €4,350 | €11,095 | +€6,745 | +155% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €1,666,368 | €2,206,546 | +€540,178 | +32.4% |
| Stocks and contracts in progress | 3 | €1,274,415 | €1,927,380 | +€652,965 | +51.2% |
| Stocks | 30/36 | €1,274,415 | €1,927,380 | +€652,965 | +51.2% |
| Amounts receivable within one year | 40/41 | €132,171 | €55,498 | -€76,673 | -58.0% |
| Trade receivables | 40 | €85,112 | €27,506 | -€57,606 | -67.7% |
| Other amounts receivable | 41 | €47,059 | €27,992 | -€19,067 | -40.5% |
| Cash at bank and in hand | 54/58 | €42,877 | €5,549 | -€37,328 | -87.1% |
| Deferred charges and accrued income | 490/1 | €216,905 | €218,119 | +€1,214 | +0.6% |
| Total equity and liabilities | 10/49 | €1,672,518 | €2,219,441 | +€546,923 | +32.7% |
| Equity | 10/15 | €302,298 | €344,131 | +€41,833 | +13.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €219,900 | €259,900 | +€40,000 | +18.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €218,000 | €258,000 | +€40,000 | +18.3% |
| Profit (loss) carried forward | 14 | €63,398 | €65,231 | +€1,833 | +2.9% |
| Amounts payable | 17/49 | €1,370,220 | €1,875,309 | +€505,089 | +36.9% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,258,220 | €1,755,309 | +€497,089 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €23,444 | €11,667 | -€11,778 | -50.2% |
| Financial debts | 43 | €697,000 | €1,145,322 | +€448,322 | +64.3% |
| Credit institutions | 430/8 | €697,000 | €1,145,322 | +€448,322 | +64.3% |
| Trade debts | 44 | €14,330 | €4,533 | -€9,797 | -68.4% |
| Suppliers | 440/4 | €14,330 | €4,533 | -€9,797 | -68.4% |
| Taxes, remuneration and social security | 45 | €4,828 | €5,494 | +€666 | +13.8% |
| Taxes | 450/3 | - | €1,680 | +€1,680 | |
| Remuneration and social security | 454/9 | €4,828 | €3,814 | -€1,014 | -21.0% |
| Other amounts payable | 47/48 | €518,618 | €588,294 | +€69,676 | +13.4% |
| Accrued charges and deferred income | 492/3 | €12,000 | €20,000 | +€8,000 | +66.7% |
| Remuneration, social security and pensions | 62 | €42,086 | €41,370 | -€716 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,055 | €6,136 | +€2,081 | +51.3% |
| Other operating charges | 640/8 | €7,962 | €1,798 | -€6,164 | -77.4% |
| Gross operating margin | 9900 | €147,940 | €119,682 | -€28,258 | -19.1% |
| Operating profit (loss) | 9901 | €93,837 | €70,378 | -€23,460 | -25.0% |
| Financial income | 75/76B | €1,094 | €1,454 | +€360 | +32.9% |
| Recurring financial income | 75 | €1,094 | €1,454 | +€360 | +32.9% |
| Financial charges | 65/66B | €2,047 | €8,318 | +€6,272 | +306% |
| Recurring financial charges | 65 | €2,047 | €8,318 | +€6,272 | +306% |
| Profit (loss) for the period before taxes | 9903 | €92,885 | €63,514 | -€29,371 | -31.6% |
| Income taxes | 67/77 | €29,137 | €21,680 | -€7,457 | -25.6% |
| Profit (loss) for the period | 9904 | €63,747 | €41,833 | -€21,914 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,747 | €41,833 | -€21,914 | -34.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.