CITYMESH OPERATOR: 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
CITYMESH OPERATOR
NACE 61.100, Wired, wireless and satellite telecommunications
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2.0m
2024 · -€1.3m-€640,085
Equity
€706,406
2024 · -€309,288+€1.0m
Cash
€114,327
2024 · €234,536-€120,209
Balance sheet total
€40.7m
2024 · €35.1m+€5.6m
Largest movements
Assets
- Financial fixed assets +€4.0m
up €4.0m (+24.1%), from €16.6m to €20.6m
- Receivables within one year +€1.5m
up €1.5m (+40.8%), from €3.8m to €5.3m
of which Trade receivables: +€1.3m
Equity and liabilities
- Other debts +€8.8m
up €8.8m (+289%), from €3.0m to €11.8m
- Debts after one year -€3.6m
down €3.6m (-12.6%), from €28.3m to €24.8m
of which Financial debts: -€3.6m
- Current portion of long-term debt -€2.0m
down €2.0m (-94.3%), from €2.1m to €118,522
- Accrued charges and deferred income +€1.8m
up €1.8m (+186%), from €963,601 to €2.8m
- Profit (loss) carried forward +€1.1m
up €1.1m (+36.6%), from -€3.1m to -€2.0m
Income statement
- Financial income -€948,688
down €948,688 (-71.0%), from €1.3m to €387,460
- Financial charges -€299,876
down €299,876 (-11.4%), from €2.6m to €2.3m
- Turnover -€249,111
down €249,111 (-16.0%), from €1.6m to €1.3m
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
-€1.3m
Turnover
-€249,111
Other operating income
-€1,000
Services and other goods
-€13,362
Other operating charges
+€154
Other operating items
+€272,667
Financial income
-€948,688
Financial charges
+€299,876
Taxes
-€621
Result 2025
-€2.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€6.8m
Investment
-€4.0m
Financing
-€2.9m
Cash 2024
€234,536
From operations (derived)
+€6.8m
Net result for the year
-€2.0m
Receivables after one year
-€20,000
Receivables within one year
-€1.5m
Deferred charges and accrued income
-€154,666
Trade debts
-€131,193
Tax, wage and social debts
+€50,400
Other debts
+€8.8m
Accrued charges and deferred income
+€1.8m
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
-€2.9m
Debts after one year
-€3.6m
Current portion of long-term debt
-€2.0m
Short-term financial debts
-€365,139
Contributions, distributions and other
+€3.0m
Cash 2025
€114,327
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,120,028 | €40,715,399 | +€5.6m | +15.9% |
| Fixed assets | 21/28 | €16,576,650 | €20,576,650 | +€4.0m | +24.1% |
| Financial fixed assets | 28 | €16,576,650 | €20,576,650 | +€4.0m | +24.1% |
| Affiliated companies | 280/1 | €16,576,650 | €20,576,650 | +€4.0m | +24.1% |
| Participating interests | 280 | €16,576,650 | €20,576,650 | +€4.0m | +24.1% |
| Amounts receivable | 281 | €0 | - | = | |
| Current assets | 29/58 | €18,543,378 | €20,138,749 | +€1.6m | +8.6% |
| Amounts receivable after more than one year | 29 | €14,501,233 | €14,521,233 | +€20,000 | +0.1% |
| Other amounts receivable | 291 | €14,501,233 | €14,521,233 | +€20,000 | +0.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,777,444 | €5,318,359 | +€1.5m | +40.8% |
| Trade receivables | 40 | €1,592,231 | €2,871,420 | +€1.3m | +80.3% |
| Other amounts receivable | 41 | €2,185,213 | €2,446,939 | +€261,725 | +12.0% |
| Cash at bank and in hand | 54/58 | €234,536 | €114,327 | -€120,209 | -51.3% |
| Deferred charges and accrued income | 490/1 | €30,165 | €184,830 | +€154,666 | +513% |
| Total equity and liabilities | 10/49 | €35,120,028 | €40,715,399 | +€5.6m | +15.9% |
| Equity | 10/15 | -€309,288 | €706,406 | +€1.0m | |
| Contributions | 10/11 | €2,814,742 | €2,685,802 | -€128,940 | -4.6% |
| Capital | 10 | €2,814,742 | €2,685,802 | -€128,940 | -4.6% |
| Issued capital | 100 | €2,814,742 | €2,685,802 | -€128,940 | -4.6% |
| Reserves | 13 | €37 | €37 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37 | €37 | = | 0.0% |
| Legal reserve | 130 | €37 | €37 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,128,940 | -€1,984,306 | +€1.1m | +36.6% |
| Investment grants | 15 | €4,873 | €4,873 | = | 0.0% |
| Amounts payable | 17/49 | €35,429,316 | €40,008,993 | +€4.6m | +12.9% |
| Amounts payable after more than one year | 17 | €28,334,757 | €24,761,558 | -€3.6m | -12.6% |
| Financial debts | 170/4 | €28,259,757 | €24,686,558 | -€3.6m | -12.6% |
| Credit institutions | 173 | €6,157,199 | €0 | -€6.2m | -100% |
| Other loans | 174 | €22,102,558 | €24,686,558 | +€2.6m | +11.7% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,130,959 | €12,490,069 | +€6.4m | +104% |
| Current portion of amounts payable after more than one year | 42 | €2,092,725 | €118,522 | -€2.0m | -94.3% |
| Financial debts | 43 | €675,544 | €310,405 | -€365,139 | -54.1% |
| Credit institutions | 430/8 | €50,544 | €310,405 | +€259,861 | +514% |
| Other loans | 439 | €625,000 | €0 | -€625,000 | -100% |
| Trade debts | 44 | €327,101 | €195,909 | -€131,193 | -40.1% |
| Suppliers | 440/4 | €327,101 | €195,909 | -€131,193 | -40.1% |
| Taxes, remuneration and social security | 45 | - | €50,400 | +€50,400 | |
| Remuneration and social security | 454/9 | - | €50,400 | +€50,400 | |
| Other amounts payable | 47/48 | €3,035,589 | €11,814,833 | +€8.8m | +289% |
| Accrued charges and deferred income | 492/3 | €963,601 | €2,757,366 | +€1.8m | +186% |
| Operating income | 70/76A | €1,560,661 | €1,310,550 | -€250,111 | -16.0% |
| Turnover | 70 | €1,559,661 | €1,310,550 | -€249,111 | -16.0% |
| Other operating income | 74 | €1,000 | €0 | -€1,000 | -100% |
| Operating charges | 60/66A | €1,606,037 | €1,346,577 | -€259,459 | -16.2% |
| Services and other goods | 61 | €1,290,333 | €1,303,695 | +€13,362 | +1.0% |
| Other operating charges | 640/8 | €1,153 | €998 | -€154 | -13.4% |
| Non-recurring operating charges | 66A | €314,551 | €41,884 | -€272,667 | -86.7% |
| Operating profit (loss) | 9901 | -€45,376 | -€36,028 | +€9,349 | +20.6% |
| Financial income | 75/76B | €1,336,148 | €387,460 | -€948,688 | -71.0% |
| Recurring financial income | 75 | €1,336,148 | €387,460 | -€948,688 | -71.0% |
| Income from financial fixed assets | 750 | €1,336,110 | €128,959 | -€1.2m | -90.3% |
| Income from current assets | 751 | - | €258,501 | +€258,501 | |
| Other financial income | 752/9 | €39 | €0 | -€39 | -100% |
| Financial charges | 65/66B | €2,634,993 | €2,335,117 | -€299,876 | -11.4% |
| Recurring financial charges | 65 | €2,634,993 | €2,335,117 | -€299,876 | -11.4% |
| Debt charges | 650 | €2,595,823 | €2,333,471 | -€262,352 | -10.1% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €37,468 | -€37,468 | -€74,935 | |
| Other financial charges | 652/9 | €1,702 | €39,114 | +€37,412 | +2,198% |
| Profit (loss) for the period before taxes | 9903 | -€1,344,221 | -€1,983,685 | -€639,464 | -47.6% |
| Income taxes | 67/77 | - | €621 | +€621 | |
| Taxes | 670/3 | - | €621 | +€621 | |
| Profit (loss) for the period | 9904 | -€1,344,221 | -€1,984,306 | -€640,085 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,344,221 | -€1,984,306 | -€640,085 | -47.6% |
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 19 October 2026 via checked.be.