CitySmiles: 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.
CitySmiles
Largest movements
- Receivables within one year +€484,614
up €484,614 (+353.6%), from €137,041 to €621,655
of which Trade receivables: +€380,715
- Tangible fixed assets +€26,918
new in 2025: €26,918
of which Furniture and vehicles: +€25,856
- Cash -€12,551
down €12,551 (-14.2%), from €88,502 to €75,951
mainly Receivables within one year (-€484,614) and Investment in fixed assets (net) (-€29,482)
- Accrued charges and deferred income +€136,370
new in 2025: €136,370
- Reserves +€100,851
up €100,851 (+114.2%), from €88,341 to €189,192
- Short-term financial debts +€100,000
new in 2025: €100,000
- Tax, wage and social debts +€76,555
up €76,555 (+309.0%), from €24,778 to €101,333
of which Taxes: +€75,518
- Trade debts +€61,538
up €61,538 (+63.7%), from €96,590 to €158,127
- Gross operating margin +€33,511
up €33,511 (+28.7%), from €116,679 to €150,190
- Taxes +€8,061
up €8,061 (+32.6%), from €24,761 to €32,822
- Staff costs +€7,087
new in 2025: €7,087
- Financial charges +€3,362
up €3,362 (+211.8%), from €1,587 to €4,950
- Depreciation +€2,565
new in 2025: €2,565
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 | €229,708 | €725,023 | +€495,315 | +215.6% |
| Fixed assets | 21/28 | - | €26,918 | +€26,918 | |
| Tangible fixed assets | 22/27 | - | €26,918 | +€26,918 | |
| Plant, machinery and equipment | 23 | - | €1,062 | +€1,062 | |
| Furniture and vehicles | 24 | - | €25,856 | +€25,856 | |
| Current assets | 29/58 | €229,708 | €698,105 | +€468,397 | +203.9% |
| Amounts receivable within one year | 40/41 | €137,041 | €621,655 | +€484,614 | +353.6% |
| Trade receivables | 40 | €125,279 | €505,994 | +€380,715 | +303.9% |
| Other amounts receivable | 41 | €11,762 | €115,662 | +€103,899 | +883.3% |
| Cash at bank and in hand | 54/58 | €88,502 | €75,951 | -€12,551 | -14.2% |
| Deferred charges and accrued income | 490/1 | €4,165 | €499 | -€3,666 | -88.0% |
| Total equity and liabilities | 10/49 | €229,708 | €725,023 | +€495,315 | +215.6% |
| Equity | 10/15 | €108,341 | €209,192 | +€100,851 | +93.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €88,341 | €189,192 | +€100,851 | +114.2% |
| Distributable reserves | 133 | €88,341 | €189,192 | +€100,851 | +114.2% |
| Amounts payable | 17/49 | €121,367 | €515,831 | +€394,464 | +325.0% |
| Amounts payable within one year | 42/48 | €121,367 | €379,460 | +€258,093 | +212.7% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Other loans | 439 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €96,590 | €158,127 | +€61,538 | +63.7% |
| Suppliers | 440/4 | €96,590 | €158,127 | +€61,538 | +63.7% |
| Taxes, remuneration and social security | 45 | €24,778 | €101,333 | +€76,555 | +309.0% |
| Taxes | 450/3 | €24,778 | €100,295 | +€75,518 | +304.8% |
| Remuneration and social security | 454/9 | - | €1,038 | +€1,038 | |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | - | €136,370 | +€136,370 | |
| Remuneration, social security and pensions | 62 | - | €7,087 | +€7,087 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,565 | +€2,565 | |
| Other operating charges | 640/8 | €2,020 | €1,952 | -€68 | -3.4% |
| Gross operating margin | 9900 | €116,679 | €150,190 | +€33,511 | +28.7% |
| Operating profit (loss) | 9901 | €114,658 | €138,586 | +€23,928 | +20.9% |
| Financial income | 75/76B | €31 | €37 | +€5 | +17.1% |
| Recurring financial income | 75 | €31 | €37 | +€5 | +17.1% |
| Financial charges | 65/66B | €1,587 | €4,950 | +€3,362 | +211.8% |
| Recurring financial charges | 65 | €1,587 | €4,950 | +€3,362 | +211.8% |
| Profit (loss) for the period before taxes | 9903 | €113,102 | €133,674 | +€20,571 | +18.2% |
| Income taxes | 67/77 | €24,761 | €32,822 | +€8,061 | +32.6% |
| Profit (loss) for the period | 9904 | €88,341 | €100,851 | +€12,511 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,341 | €100,851 | +€12,511 | +14.2% |
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 8 October 2026 via checked.be.