CITY OFFICE: what changed
What changed
CITY OFFICE
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.1m-€369,431
Equity
€55.4m
2024 · €53.7m+€1.8m
Cash
€11.5m
2024 · €8.2m+€3.3m
Balance sheet total
€58.6m
2024 · €55.8m+€2.8m
Largest movements
Assets
- Cash +€3.3m
up €3.3m (+39.9%), from €8.2m to €11.5m
mainly Depreciation (+€2.6m) and Net result for the year (+€1.8m)
- Tangible fixed assets -€2.1m
down €2.1m (-4.9%), from €42.7m to €40.6m
- Deferred charges and accrued income +€916,856
up €916,856 (+21.8%), from €4.2m to €5.1m
- Receivables within one year +€704,139
up €704,139 (+96.2%), from €732,000 to €1.4m
of which Other amounts receivable: +€413,480
Equity and liabilities
- Profit (loss) carried forward +€1.8m
up €1.8m (+25.2%), from €7.0m to €8.7m
- Accrued charges and deferred income +€954,501
up €954,501 (+87.2%), from €1.1m to €2.0m
- Other debts +€636,058
new in 2025: €636,058
Income statement
- Turnover -€761,495
down €761,495 (-13.4%), from €5.7m to €4.9m
- Depreciation -€311,933
down €311,933 (-10.6%), from €3.0m to €2.6m
- Other operating income +€300,569
up €300,569 (+8.6%), from €3.5m to €3.8m
- Services and other goods +€250,227
up €250,227 (+23.3%), from €1.1m to €1.3m
- Taxes -€67,222
down €67,222 (-7.9%), from €847,462 to €780,240
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
€2.1m
Turnover
-€761,495
Other operating income
+€300,569
Services and other goods
-€250,227
Depreciation
+€311,933
Other operating charges
-€37,373
Financial charges
-€60
Taxes
+€67,222
Result 2025
€1.8m
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
+€3.8m
Investment
-€540,537
Financing
€0
Cash 2024
€8.2m
From operations (derived)
+€3.8m
Net result for the year
+€1.8m
Depreciation
+€2.6m
Receivables within one year
-€704,139
Deferred charges and accrued income
-€916,856
Trade debts
-€62,264
Tax, wage and social debts
-€502,263
Other debts
+€636,058
Accrued charges and deferred income
+€954,501
Investment (derived)
-€540,537
Investment in fixed assets (net)
-€540,537
Cash 2025
€11.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,786,889 | €58,567,411 | +€2.8m | +5.0% |
| Fixed assets | 21/28 | €42,667,870 | €40,564,263 | -€2.1m | -4.9% |
| Tangible fixed assets | 22/27 | €42,667,870 | €40,564,263 | -€2.1m | -4.9% |
| Land and buildings | 22 | €42,667,870 | €40,564,263 | -€2.1m | -4.9% |
| Current assets | 29/58 | €13,119,019 | €18,003,148 | +€4.9m | +37.2% |
| Amounts receivable within one year | 40/41 | €732,000 | €1,436,139 | +€704,139 | +96.2% |
| Trade receivables | 40 | €191,795 | €482,454 | +€290,659 | +152% |
| Other amounts receivable | 41 | €540,205 | €953,685 | +€413,480 | +76.5% |
| Cash at bank and in hand | 54/58 | €8,188,145 | €11,451,279 | +€3.3m | +39.9% |
| Deferred charges and accrued income | 490/1 | €4,198,875 | €5,115,731 | +€916,856 | +21.8% |
| Total equity and liabilities | 10/49 | €55,786,889 | €58,567,411 | +€2.8m | +5.0% |
| Equity | 10/15 | €53,679,025 | €55,433,516 | +€1.8m | +3.3% |
| Contributions | 10/11 | €39,403,022 | €39,403,022 | = | 0.0% |
| Capital | 10 | €14,217,370 | €14,217,370 | = | 0.0% |
| Issued capital | 100 | €14,217,370 | €14,217,370 | = | 0.0% |
| Contributions outside capital | 11 | €25,185,652 | €25,185,652 | = | 0.0% |
| Share premium | 1100/10 | €25,185,652 | €25,185,652 | = | 0.0% |
| Reserves | 13 | €7,321,927 | €7,321,927 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,512,087 | €1,512,087 | = | 0.0% |
| Legal reserve | 130 | €1,512,087 | €1,512,087 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,802,279 | €4,802,279 | = | 0.0% |
| Distributable reserves | 133 | €1,007,561 | €1,007,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,954,077 | €8,708,568 | +€1.8m | +25.2% |
| Amounts payable | 17/49 | €2,107,864 | €3,133,896 | +€1.0m | +48.7% |
| Amounts payable within one year | 42/48 | €1,012,951 | €1,084,482 | +€71,531 | +7.1% |
| Trade debts | 44 | €432,298 | €370,034 | -€62,264 | -14.4% |
| Suppliers | 440/4 | €432,298 | €370,034 | -€62,264 | -14.4% |
| Taxes, remuneration and social security | 45 | €580,653 | €78,390 | -€502,263 | -86.5% |
| Taxes | 450/3 | €580,653 | €78,390 | -€502,263 | -86.5% |
| Other amounts payable | 47/48 | - | €636,058 | +€636,058 | |
| Accrued charges and deferred income | 492/3 | €1,094,913 | €2,049,414 | +€954,501 | +87.2% |
| Operating income | 70/76A | €9,177,846 | €8,716,920 | -€460,926 | -5.0% |
| Turnover | 70 | €5,698,358 | €4,936,862 | -€761,495 | -13.4% |
| Other operating income | 74 | €3,479,488 | €3,780,057 | +€300,569 | +8.6% |
| Operating charges | 60/66A | €6,205,769 | €6,181,436 | -€24,333 | -0.4% |
| Services and other goods | 61 | €1,073,204 | €1,323,431 | +€250,227 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,956,076 | €2,644,144 | -€311,933 | -10.6% |
| Other operating charges | 640/8 | €2,176,488 | €2,213,861 | +€37,373 | +1.7% |
| Operating profit (loss) | 9901 | €2,972,077 | €2,535,484 | -€436,593 | -14.7% |
| Financial charges | 65/66B | €693 | €753 | +€60 | +8.7% |
| Recurring financial charges | 65 | €693 | €753 | +€60 | +8.7% |
| Other financial charges | 652/9 | €693 | €753 | +€60 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €2,971,384 | €2,534,731 | -€436,653 | -14.7% |
| Income taxes | 67/77 | €847,462 | €780,240 | -€67,222 | -7.9% |
| Taxes | 670/3 | €847,462 | €780,240 | -€67,222 | -7.9% |
| Profit (loss) for the period | 9904 | €2,123,922 | €1,754,491 | -€369,431 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,123,922 | €1,754,491 | -€369,431 | -17.4% |
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 6 November 2026 via checked.be.