CITY PLUS: what changed
Two fiscal 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 PLUS
Largest movements
- Stocks and contracts -€1.4m
no longer reported in 2025 (was €1.4m)
- Receivables within one year +€586,861
up €586,861 (+33.8%), from €1.7m to €2.3m
of which Other amounts receivable: +€565,382
- Cash +€184,353
up €184,353 (+5353.4%), from €3,444 to €187,797
mainly Stocks and contracts (+€1.4m) and Trade debts (+€176,790)
- Short-term financial debts -€947,030
down €947,030 (-42.5%), from €2.2m to €1.3m
of which Credit institutions: -€1.2m
- Trade debts +€176,790
up €176,790 (+133.2%), from €132,694 to €309,484
- Other debts -€149,996
down €149,996 (-10.5%), from €1.4m to €1.3m
- Debts after one year +€133,711
up €133,711 (+11.8%), from €1.1m to €1.3m
of which Financial debts: +€127,711
- Current portion of long-term debt +€75,346
up €75,346 (+102.9%), from €73,243 to €148,589
- Gross operating margin -€54,089
down €54,089 (-14.9%), from €363,768 to €309,679
- Financial charges -€36,580
down €36,580 (-16.3%), from €224,906 to €188,325
- Other operating charges -€7,573
down €7,573 (-33.0%), from €22,956 to €15,383
- Depreciation +€4,213
up €4,213 (+5.2%), from €81,390 to €85,603
- Staff costs +€3,790
up €3,790 (+20.0%), from €18,995 to €22,785
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 | €7,255,592 | €6,608,238 | -€647,354 | -8.9% |
| Fixed assets | 21/28 | €4,155,733 | €4,093,456 | -€62,277 | -1.5% |
| Intangible fixed assets | 21 | €21,291 | €20,368 | -€923 | -4.3% |
| Tangible fixed assets | 22/27 | €3,164,442 | €3,103,088 | -€61,354 | -1.9% |
| Land and buildings | 22 | €3,115,781 | €3,060,417 | -€55,364 | -1.8% |
| Plant, machinery and equipment | 23 | €36,001 | €33,305 | -€2,696 | -7.5% |
| Furniture and vehicles | 24 | €12,660 | €9,366 | -€3,293 | -26.0% |
| Financial fixed assets | 28 | €970,000 | €970,000 | = | 0.0% |
| Current assets | 29/58 | €3,099,859 | €2,514,782 | -€585,077 | -18.9% |
| Stocks and contracts in progress | 3 | €1,361,528 | - | -€1.4m | |
| Stocks | 30/36 | €1,361,528 | - | -€1.4m | |
| Amounts receivable within one year | 40/41 | €1,734,887 | €2,321,748 | +€586,861 | +33.8% |
| Trade receivables | 40 | €2,781 | €24,260 | +€21,479 | +772.3% |
| Other amounts receivable | 41 | €1,732,106 | €2,297,488 | +€565,382 | +32.6% |
| Cash at bank and in hand | 54/58 | €3,444 | €187,797 | +€184,353 | +5353.4% |
| Deferred charges and accrued income | 490/1 | - | €5,236 | +€5,236 | |
| Total equity and liabilities | 10/49 | €7,255,592 | €6,608,238 | -€647,354 | -8.9% |
| Equity | 10/15 | €1,799,469 | €1,803,875 | +€4,406 | +0.2% |
| Contributions | 10/11 | €1,017,352 | €1,017,352 | = | 0.0% |
| Capital | 10 | €1,017,352 | €1,017,352 | = | 0.0% |
| Issued capital | 100 | €1,017,352 | €1,017,352 | = | 0.0% |
| Revaluation surpluses | 12 | €547,570 | €547,570 | = | 0.0% |
| Reserves | 13 | €141,835 | €141,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €141,835 | €141,835 | = | 0.0% |
| Legal reserve | 130 | €141,835 | €141,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,713 | €97,119 | +€4,406 | +4.8% |
| Provisions and deferred taxes | 16 | €104,225 | €100,808 | -€3,417 | -3.3% |
| Deferred taxes | 168 | €104,225 | €100,808 | -€3,417 | -3.3% |
| Amounts payable | 17/49 | €5,351,897 | €4,703,555 | -€648,343 | -12.1% |
| Amounts payable after more than one year | 17 | €1,129,424 | €1,263,135 | +€133,711 | +11.8% |
| Financial debts | 170/4 | €1,001,724 | €1,129,435 | +€127,711 | +12.7% |
| Other amounts payable | 178/9 | €127,700 | €133,700 | +€6,000 | +4.7% |
| Amounts payable within one year | 42/48 | €4,122,617 | €3,297,685 | -€824,932 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €73,243 | €148,589 | +€75,346 | +102.9% |
| Financial debts | 43 | €2,229,980 | €1,282,949 | -€947,030 | -42.5% |
| Credit institutions | 430/8 | €2,229,980 | €1,032,949 | -€1.2m | -53.7% |
| Other loans | 439 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €132,694 | €309,484 | +€176,790 | +133.2% |
| Suppliers | 440/4 | €132,694 | €309,484 | +€176,790 | +133.2% |
| Advances received on contracts in progress | 46 | €250,000 | €250,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,288 | €25,246 | +€19,958 | +377.5% |
| Taxes | 450/3 | €571 | €22,896 | +€22,326 | +3911.7% |
| Remuneration and social security | 454/9 | €4,717 | €2,350 | -€2,367 | -50.2% |
| Other amounts payable | 47/48 | €1,431,413 | €1,281,417 | -€149,996 | -10.5% |
| Accrued charges and deferred income | 492/3 | €99,856 | €142,735 | +€42,879 | +42.9% |
| Remuneration, social security and pensions | 62 | €18,995 | €22,785 | +€3,790 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,390 | €85,603 | +€4,213 | +5.2% |
| Other operating charges | 640/8 | €22,956 | €15,383 | -€7,573 | -33.0% |
| Gross operating margin | 9900 | €363,768 | €309,679 | -€54,089 | -14.9% |
| Operating profit (loss) | 9901 | €240,428 | €185,909 | -€54,519 | -22.7% |
| Financial income | 75/76B | €320 | €3,451 | +€3,131 | +978.6% |
| Recurring financial income | 75 | €320 | €3,451 | +€3,131 | +978.6% |
| Financial charges | 65/66B | €224,906 | €188,325 | -€36,580 | -16.3% |
| Recurring financial charges | 65 | €224,906 | €188,325 | -€36,580 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €15,842 | €1,034 | -€14,808 | -93.5% |
| Transfer from deferred taxes | 780 | €3,417 | €3,417 | = | 0.0% |
| Income taxes | 67/77 | €1,270 | €46 | -€1,224 | -96.4% |
| Profit (loss) for the period | 9904 | €17,989 | €4,406 | -€13,583 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,989 | €4,406 | -€13,583 | -75.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.