CITYRES: what changed
What changed
CITYRES
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
filed annual accounts (NBB)
Net result for the year
-€64,922
2024 · €290,256-€355,178
Equity
€783,249
2024 · €848,172-€64,922
Cash
€64,590
2024 · €57,293+€7,297
Balance sheet total
€2.7m
2024 · €3.1m-€402,923
Largest movements
Assets
- Receivables within one year -€459,845
down €459,845 (-96.9%), from €474,369 to €14,524
- Tangible fixed assets +€112,576
up €112,576 (+4.6%), from €2.4m to €2.5m
of which Land and buildings: +€110,540
- Current investments -€63,000
no longer reported in 2025 (was €63,000)
Equity and liabilities
- Debts after one year -€376,104
down €376,104 (-17.7%), from €2.1m to €1.7m
- Other debts +€105,096
new in 2025: €105,096
- Profit (loss) carried forward -€64,922
down €64,922 (-786%), from -€8,262 to -€73,184
- Tax, wage and social debts -€63,648
down €63,648 (-89.0%), from €71,537 to €7,889
Income statement
- Gross operating margin -€354,756
down €354,756 (-81.6%), from €434,556 to €79,799
- Staff costs +€8,427
new in 2025: €8,427
- Depreciation -€7,274
down €7,274 (-5.2%), from €139,377 to €132,103
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
€290,256
Gross operating margin
-€354,756
Staff costs
-€8,427
Depreciation
+€7,274
Other operating charges
-€238
Financial income
+€97
Financial charges
-€867
Taxes
+€1,739
Result 2025
-€64,922
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
+€565,080
Investment
-€181,679
Financing
-€376,104
Cash 2024
€57,293
From operations (derived)
+€565,080
Net result for the year
-€64,922
Depreciation
+€132,103
Receivables within one year
+€459,845
Deferred charges and accrued income
-€49
Trade debts
-€3,345
Tax, wage and social debts
-€63,648
Other debts
+€105,096
Investment (derived)
-€181,679
Investment in fixed assets (net)
-€244,679
Current investments
+€63,000
Financing
-€376,104
Debts after one year
-€376,104
Cash 2025
€64,590
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,059,829 | €2,656,906 | -€402,923 | -13.2% |
| Fixed assets | 21/28 | €2,429,465 | €2,542,040 | +€112,576 | +4.6% |
| Tangible fixed assets | 22/27 | €2,429,465 | €2,542,040 | +€112,576 | +4.6% |
| Land and buildings | 22 | €2,423,594 | €2,534,133 | +€110,540 | +4.6% |
| Furniture and vehicles | 24 | €5,871 | €7,907 | +€2,036 | +34.7% |
| Current assets | 29/58 | €630,365 | €114,866 | -€515,498 | -81.8% |
| Amounts receivable within one year | 40/41 | €474,369 | €14,524 | -€459,845 | -96.9% |
| Trade receivables | 40 | €474,369 | €14,524 | -€459,845 | -96.9% |
| Current investments | 50/53 | €63,000 | - | -€63,000 | |
| Cash at bank and in hand | 54/58 | €57,293 | €64,590 | +€7,297 | +12.7% |
| Deferred charges and accrued income | 490/1 | €35,703 | €35,753 | +€49 | +0.1% |
| Total equity and liabilities | 10/49 | €3,059,829 | €2,656,906 | -€402,923 | -13.2% |
| Equity | 10/15 | €848,172 | €783,249 | -€64,922 | -7.7% |
| Contributions | 10/11 | €775,000 | €775,000 | = | 0.0% |
| Reserves | 13 | €81,434 | €81,434 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,700 | €2,700 | = | 0.0% |
| Distributable reserves | 133 | €78,734 | €78,734 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,262 | -€73,184 | -€64,922 | -786% |
| Amounts payable | 17/49 | €2,211,657 | €1,873,657 | -€338,000 | -15.3% |
| Amounts payable after more than one year | 17 | €2,125,104 | €1,749,000 | -€376,104 | -17.7% |
| Financial debts | 170/4 | €2,125,104 | €1,749,000 | -€376,104 | -17.7% |
| Amounts payable within one year | 42/48 | €86,554 | €124,657 | +€38,103 | +44.0% |
| Trade debts | 44 | €15,016 | €11,672 | -€3,345 | -22.3% |
| Suppliers | 440/4 | €15,016 | €11,672 | -€3,345 | -22.3% |
| Taxes, remuneration and social security | 45 | €71,537 | €7,889 | -€63,648 | -89.0% |
| Taxes | 450/3 | €71,537 | €7,889 | -€63,648 | -89.0% |
| Other amounts payable | 47/48 | - | €105,096 | +€105,096 | |
| Remuneration, social security and pensions | 62 | - | €8,427 | +€8,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,377 | €132,103 | -€7,274 | -5.2% |
| Other operating charges | 640/8 | €2,928 | €3,166 | +€238 | +8.1% |
| Gross operating margin | 9900 | €434,556 | €79,799 | -€354,756 | -81.6% |
| Operating profit (loss) | 9901 | €292,251 | -€63,897 | -€356,147 | |
| Financial income | 75/76B | €91 | €188 | +€97 | +107% |
| Recurring financial income | 75 | €91 | €188 | +€97 | +107% |
| Financial charges | 65/66B | €309 | €1,176 | +€867 | +281% |
| Recurring financial charges | 65 | €309 | €1,176 | +€867 | +281% |
| Profit (loss) for the period before taxes | 9903 | €292,032 | -€64,885 | -€356,917 | |
| Income taxes | 67/77 | €1,776 | €37 | -€1,739 | -97.9% |
| Profit (loss) for the period | 9904 | €290,256 | -€64,922 | -€355,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €290,256 | -€64,922 | -€355,178 |
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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 3 November 2026 via checked.be.