CITY GUARD: 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 GUARD
Largest movements
- Receivables within one year +€65,461
up €65,461 (+627%), from €10,433 to €75,894
of which Trade receivables: +€37,326
- Tangible fixed assets +€6,303
new in 2025: €6,303
- Cash -€4,143
down €4,143 (-55.7%), from €7,437 to €3,294
mainly Receivables within one year (-€65,461) and Investment in fixed assets (net) (-€8,244)
- Financial fixed assets +€1,425
new in 2025: €1,425
- Tax, wage and social debts +€35,408
new in 2025: €35,408
of which Taxes: +€23,762
- Trade debts +€24,168
up €24,168 (+196%), from €12,333 to €36,501
- Profit (loss) carried forward +€11,534
up €11,534, from -€1,527 to €10,008
- Other debts -€2,064
down €2,064 (-100%), from €2,064 to €0
- Gross operating margin +€11,251
up €11,251 (+221%), from €5,102 to €16,353
- Taxes +€3,937
new in 2025: €3,937
- Depreciation +€516
new in 2025: €516
- Other operating charges -€287
down €287 (-74.1%), from €387 to €100
- Financial income +€183
new in 2025: €183
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 | €17,870 | €86,916 | +€69,046 | +386% |
| Fixed assets | 21/28 | - | €7,728 | +€7,728 | |
| Tangible fixed assets | 22/27 | - | €6,303 | +€6,303 | |
| Furniture and vehicles | 24 | - | €6,303 | +€6,303 | |
| Financial fixed assets | 28 | - | €1,425 | +€1,425 | |
| Current assets | 29/58 | €17,870 | €79,188 | +€61,318 | +343% |
| Amounts receivable within one year | 40/41 | €10,433 | €75,894 | +€65,461 | +627% |
| Trade receivables | 40 | €9,720 | €47,046 | +€37,326 | +384% |
| Other amounts receivable | 41 | €713 | €28,849 | +€28,136 | +3,947% |
| Cash at bank and in hand | 54/58 | €7,437 | €3,294 | -€4,143 | -55.7% |
| Total equity and liabilities | 10/49 | €17,870 | €86,916 | +€69,046 | +386% |
| Equity | 10/15 | €3,473 | €15,008 | +€11,534 | +332% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,527 | €10,008 | +€11,534 | |
| Amounts payable | 17/49 | €14,397 | €71,909 | +€57,512 | +399% |
| Amounts payable within one year | 42/48 | €14,397 | €71,909 | +€57,512 | +399% |
| Trade debts | 44 | €12,333 | €36,501 | +€24,168 | +196% |
| Suppliers | 440/4 | €12,333 | €36,501 | +€24,168 | +196% |
| Taxes, remuneration and social security | 45 | - | €35,408 | +€35,408 | |
| Taxes | 450/3 | - | €23,762 | +€23,762 | |
| Remuneration and social security | 454/9 | - | €11,646 | +€11,646 | |
| Other amounts payable | 47/48 | €2,064 | €0 | -€2,064 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €516 | +€516 | |
| Other operating charges | 640/8 | €387 | €100 | -€287 | -74.1% |
| Gross operating margin | 9900 | €5,102 | €16,353 | +€11,251 | +221% |
| Operating profit (loss) | 9901 | €4,715 | €15,737 | +€11,022 | +234% |
| Financial income | 75/76B | - | €183 | +€183 | |
| Recurring financial income | 75 | - | €183 | +€183 | |
| Financial charges | 65/66B | €326 | €449 | +€123 | +37.9% |
| Recurring financial charges | 65 | €326 | €449 | +€123 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €4,389 | €15,471 | +€11,081 | +252% |
| Income taxes | 67/77 | - | €3,937 | +€3,937 | |
| Profit (loss) for the period | 9904 | €4,389 | €11,534 | +€7,145 | +163% |
| Profit (loss) for the period to be appropriated | 9905 | €4,389 | €11,534 | +€7,145 | +163% |
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 25 October 2026 via checked.be.