CITYLIFE PROJECTS: 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.
What changed
CITYLIFE PROJECTS
NACE 68.110, Buying and selling of own real estate
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,176
2024 · €6,877-€4,701
Equity
€774,803
2024 · €772,627+€2,176
Cash
€8,793
2024 · €17,524-€8,731
Balance sheet total
€4.4m
2024 · €5.4m-€987,755
Largest movements
Assets
- Receivables within one year -€933,643
down €933,643 (-37.4%), from €2.5m to €1.6m
Equity and liabilities
- Other debts -€2.3m
down €2.3m (-72.8%), from €3.1m to €842,371
- Debts after one year +€1.0m
up €1.0m (+86.3%), from €1.2m to €2.2m
of which Other amounts payable: +€1.1m
- Trade debts +€337,028
up €337,028 (+471.1%), from €71,541 to €408,568
- Short-term financial debts -€117,490
down €117,490 (-91.5%), from €128,390 to €10,900
Income statement
- Gross operating margin -€22,581
down €22,581 (-13.7%), from €164,595 to €142,014
- Financial charges -€11,112
down €11,112 (-21.3%), from €52,101 to €40,989
- Financial income +€7,705
up €7,705 (+246.1%), from €3,131 to €10,836
- Other operating charges +€6,470
up €6,470 (+46.1%), from €14,046 to €20,517
- Depreciation -€4,541
down €4,541 (-4.9%), from €93,611 to €89,070
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.
Result 2024
€6,877
Gross operating margin
-€22,581
Depreciation
+€4,541
Other operating charges
-€6,470
Financial income
+€7,705
Financial charges
+€11,112
Taxes
+€993
Result 2025
€2,176
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.
From operations
-€804,046
Investment
-€127,960
Financing
+€923,274
Cash 2024
€17,524
From operations (derived)
-€804,046
Net result for the year
+€2,176
Depreciation
+€89,070
Receivables after one year
+€40,460
Receivables within one year
+€933,643
Deferred charges and accrued income
+€43,810
Trade debts
+€337,028
Tax, wage and social debts
+€20,859
Other debts
-€2.3m
Accrued charges and deferred income
-€14,013
Investment (derived)
-€127,960
Investment in fixed assets (net)
-€127,960
Financing
+€923,274
Debts after one year
+€1.0m
Current portion of long-term debt
+€2,981
Short-term financial debts
-€117,490
Cash 2025
€8,793
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,372,081 | €4,384,326 | -€987,755 | -18.4% |
| Fixed assets | 21/28 | €2,648,049 | €2,686,938 | +€38,889 | +1.5% |
| Tangible fixed assets | 22/27 | €2,648,049 | €2,686,938 | +€38,889 | +1.5% |
| Land and buildings | 22 | €2,646,803 | €2,686,308 | +€39,504 | +1.5% |
| Furniture and vehicles | 24 | €1,246 | €630 | -€615 | -49.4% |
| Current assets | 29/58 | €2,724,032 | €1,697,387 | -€1.0m | -37.7% |
| Amounts receivable after more than one year | 29 | €139,514 | €99,053 | -€40,460 | -29.0% |
| Trade receivables | 290 | €139,514 | €99,053 | -€40,460 | -29.0% |
| Amounts receivable within one year | 40/41 | €2,495,720 | €1,562,077 | -€933,643 | -37.4% |
| Other amounts receivable | 41 | €2,495,720 | €1,562,077 | -€933,643 | -37.4% |
| Cash at bank and in hand | 54/58 | €17,524 | €8,793 | -€8,731 | -49.8% |
| Deferred charges and accrued income | 490/1 | €71,274 | €27,464 | -€43,810 | -61.5% |
| Total equity and liabilities | 10/49 | €5,372,081 | €4,384,326 | -€987,755 | -18.4% |
| Equity | 10/15 | €772,627 | €774,803 | +€2,176 | +0.3% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Revaluation surpluses | 12 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €46,877 | €49,053 | +€2,176 | +4.6% |
| Non-distributable reserves | 130/1 | €46,877 | €49,053 | +€2,176 | +4.6% |
| Legal reserve | 130 | €46,877 | €49,053 | +€2,176 | +4.6% |
| Profit (loss) carried forward | 14 | €25,750 | €25,750 | = | 0.0% |
| Amounts payable | 17/49 | €4,599,454 | €3,609,523 | -€989,932 | -21.5% |
| Amounts payable after more than one year | 17 | €1,202,712 | €2,240,495 | +€1.0m | +86.3% |
| Financial debts | 170/4 | €1,091,212 | €997,781 | -€93,431 | -8.6% |
| Other amounts payable | 178/9 | €111,500 | €1,242,714 | +€1.1m | +1014.5% |
| Amounts payable within one year | 42/48 | €3,371,811 | €1,358,110 | -€2.0m | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €70,569 | €73,550 | +€2,981 | +4.2% |
| Financial debts | 43 | €128,390 | €10,900 | -€117,490 | -91.5% |
| Credit institutions | 430/8 | €128,390 | €10,900 | -€117,490 | -91.5% |
| Trade debts | 44 | €71,541 | €408,568 | +€337,028 | +471.1% |
| Suppliers | 440/4 | €71,541 | €408,568 | +€337,028 | +471.1% |
| Taxes, remuneration and social security | 45 | €1,862 | €22,721 | +€20,859 | +1120.1% |
| Taxes | 450/3 | €1,862 | €22,721 | +€20,859 | +1120.1% |
| Other amounts payable | 47/48 | €3,099,449 | €842,371 | -€2.3m | -72.8% |
| Accrued charges and deferred income | 492/3 | €24,931 | €10,917 | -€14,013 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,611 | €89,070 | -€4,541 | -4.9% |
| Other operating charges | 640/8 | €14,046 | €20,517 | +€6,470 | +46.1% |
| Gross operating margin | 9900 | €164,595 | €142,014 | -€22,581 | -13.7% |
| Operating profit (loss) | 9901 | €56,938 | €32,427 | -€24,511 | -43.0% |
| Financial income | 75/76B | €3,131 | €10,836 | +€7,705 | +246.1% |
| Recurring financial income | 75 | €3,131 | €10,836 | +€7,705 | +246.1% |
| Financial charges | 65/66B | €52,101 | €40,989 | -€11,112 | -21.3% |
| Recurring financial charges | 65 | €52,101 | €40,989 | -€11,112 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €7,968 | €2,274 | -€5,693 | -71.5% |
| Income taxes | 67/77 | €1,091 | €98 | -€993 | -91.0% |
| Profit (loss) for the period | 9904 | €6,877 | €2,176 | -€4,701 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,877 | €2,176 | -€4,701 | -68.4% |
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 12 October 2026 via checked.be.