CITYPHAR: 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.
CITYPHAR
Largest movements
- Receivables within one year +€150,086
up €150,086 (+25.9%), from €578,737 to €728,823
of which Trade receivables: +€133,982
- Intangible fixed assets -€44,000
no longer reported in 2025 (was €44,000)
- Deferred charges and accrued income -€36,805
down €36,805 (-96.2%), from €38,259 to €1,454
- Stocks and contracts -€27,462
down €27,462 (-11.9%), from €230,348 to €202,886
- Cash -€26,255
down €26,255 (-44.3%), from €59,254 to €32,999
mainly Receivables within one year (-€150,086) and Debts after one year (-€75,914)
- Debts after one year -€75,914
no longer reported in 2025 (was €75,914)
- Profit (loss) carried forward +€44,884
up €44,884 (+7.3%), from €616,414 to €661,299
- Other debts +€26,357
up €26,357 (+6.5%), from €406,512 to €432,870
- Gross operating margin +€126,304
up €126,304 (+43.8%), from €288,154 to €414,458
- Taxes -€63,387
down €63,387 (-69.5%), from €91,154 to €27,767
- Staff costs -€45,335
down €45,335 (-14.8%), from €305,444 to €260,110
- Financial income +€6,964
up €6,964 (+79.4%), from €8,772 to €15,736
- Financial charges -€4,722
down €4,722 (-19.3%), from €24,420 to €19,699
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 | €2,204,840 | €2,218,171 | +€13,331 | +0.6% |
| Fixed assets | 21/28 | €1,298,243 | €1,252,009 | -€46,233 | -3.6% |
| Intangible fixed assets | 21 | €44,000 | - | -€44,000 | |
| Tangible fixed assets | 22/27 | €4,543 | €2,310 | -€2,233 | -49.2% |
| Plant, machinery and equipment | 23 | €2,314 | €1,324 | -€990 | -42.8% |
| Furniture and vehicles | 24 | €2,229 | €986 | -€1,243 | -55.8% |
| Financial fixed assets | 28 | €1,249,699 | €1,249,699 | = | 0.0% |
| Current assets | 29/58 | €906,598 | €966,162 | +€59,564 | +6.6% |
| Stocks and contracts in progress | 3 | €230,348 | €202,886 | -€27,462 | -11.9% |
| Stocks | 30/36 | €230,348 | €202,886 | -€27,462 | -11.9% |
| Amounts receivable within one year | 40/41 | €578,737 | €728,823 | +€150,086 | +25.9% |
| Trade receivables | 40 | €116,985 | €250,967 | +€133,982 | +114.5% |
| Other amounts receivable | 41 | €461,752 | €477,856 | +€16,104 | +3.5% |
| Cash at bank and in hand | 54/58 | €59,254 | €32,999 | -€26,255 | -44.3% |
| Deferred charges and accrued income | 490/1 | €38,259 | €1,454 | -€36,805 | -96.2% |
| Total equity and liabilities | 10/49 | €2,204,840 | €2,218,171 | +€13,331 | +0.6% |
| Equity | 10/15 | €684,614 | €729,499 | +€44,884 | +6.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €616,414 | €661,299 | +€44,884 | +7.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,520,226 | €1,488,673 | -€31,553 | -2.1% |
| Amounts payable after more than one year | 17 | €75,914 | - | -€75,914 | |
| Financial debts | 170/4 | €75,914 | - | -€75,914 | |
| Amounts payable within one year | 42/48 | €1,419,241 | €1,454,455 | +€35,214 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €98,206 | €99,657 | +€1,452 | +1.5% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €742,711 | €734,695 | -€8,016 | -1.1% |
| Suppliers | 440/4 | €742,711 | €734,695 | -€8,016 | -1.1% |
| Taxes, remuneration and social security | 45 | €121,812 | €137,233 | +€15,421 | +12.7% |
| Taxes | 450/3 | €77,513 | €93,280 | +€15,767 | +20.3% |
| Remuneration and social security | 454/9 | €44,298 | €43,952 | -€346 | -0.8% |
| Other amounts payable | 47/48 | €406,512 | €432,870 | +€26,357 | +6.5% |
| Accrued charges and deferred income | 492/3 | €25,071 | €34,218 | +€9,147 | +36.5% |
| Remuneration, social security and pensions | 62 | €305,444 | €260,110 | -€45,335 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,753 | €46,233 | +€481 | +1.1% |
| Other operating charges | 640/8 | €2,939 | €1,501 | -€1,439 | -48.9% |
| Gross operating margin | 9900 | €288,154 | €414,458 | +€126,304 | +43.8% |
| Operating profit (loss) | 9901 | -€65,982 | €106,614 | +€172,596 | |
| Financial income | 75/76B | €8,772 | €15,736 | +€6,964 | +79.4% |
| Recurring financial income | 75 | €8,772 | €15,736 | +€6,964 | +79.4% |
| Financial charges | 65/66B | €24,420 | €19,699 | -€4,722 | -19.3% |
| Recurring financial charges | 65 | €24,420 | €19,699 | -€4,722 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€81,630 | €102,651 | +€184,282 | |
| Transfer from deferred taxes | 780 | €115,736 | - | -€115,736 | |
| Income taxes | 67/77 | €91,154 | €27,767 | -€63,387 | -69.5% |
| Profit (loss) for the period | 9904 | -€57,049 | €74,884 | +€131,933 | |
| Transfer from tax-exempt reserves | 789 | €347,208 | - | -€347,208 | |
| Profit (loss) for the period to be appropriated | 9905 | €290,159 | €74,884 | -€215,275 | -74.2% |
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 5 October 2026 via checked.be.