Ciudad: 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.
Ciudad
Largest movements
- Cash +€55,846
up €55,846 (+71.4%), from €78,267 to €134,112
mainly Net result for the year (+€94,957) and Depreciation (+€70,302)
- Intangible fixed assets -€43,000
down €43,000 (-28.6%), from €150,500 to €107,500
- Tangible fixed assets -€19,202
down €19,202 (-14.6%), from €131,720 to €112,518
of which Plant, machinery and equipment: -€14,124
- Receivables within one year +€8,787
up €8,787 (+78.2%), from €11,232 to €20,019
of which Other amounts receivable: +€4,935
- Stocks and contracts -€5,568
down €5,568 (-20.1%), from €27,712 to €22,144
- Debts after one year -€49,896
no longer reported in 2025 (was €49,896)
- Other debts +€24,049
up €24,049 (+32.4%), from €74,341 to €98,390
- Trade debts +€20,941
up €20,941 (+21.6%), from €97,109 to €118,050
- Tax, wage and social debts +€14,853
up €14,853 (+23.5%), from €63,322 to €78,175
of which Taxes: +€18,052
- Current portion of long-term debt -€13,133
down €13,133 (-20.8%), from €63,029 to €49,896
- Gross operating margin +€101,318
up €101,318 (+17.8%), from €569,241 to €670,558
- Taxes +€32,842
up €32,842 (+1,467%), from €2,239 to €35,080
- Staff costs -€24,613
down €24,613 (-5.0%), from €487,999 to €463,386
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €399,431 | €397,151 | -€2,279 | -0.6% |
| Fixed assets | 21/28 | €282,220 | €220,018 | -€62,202 | -22.0% |
| Intangible fixed assets | 21 | €150,500 | €107,500 | -€43,000 | -28.6% |
| Tangible fixed assets | 22/27 | €131,720 | €112,518 | -€19,202 | -14.6% |
| Plant, machinery and equipment | 23 | €106,490 | €92,366 | -€14,124 | -13.3% |
| Other tangible fixed assets | 26 | €25,229 | €20,152 | -€5,077 | -20.1% |
| Current assets | 29/58 | €117,211 | €177,133 | +€59,922 | +51.1% |
| Stocks and contracts in progress | 3 | €27,712 | €22,144 | -€5,568 | -20.1% |
| Stocks | 30/36 | €27,712 | €22,144 | -€5,568 | -20.1% |
| Amounts receivable within one year | 40/41 | €11,232 | €20,019 | +€8,787 | +78.2% |
| Trade receivables | 40 | €2,893 | €6,744 | +€3,852 | +133% |
| Other amounts receivable | 41 | €8,340 | €13,275 | +€4,935 | +59.2% |
| Cash at bank and in hand | 54/58 | €78,267 | €134,112 | +€55,846 | +71.4% |
| Deferred charges and accrued income | 490/1 | - | €858 | +€858 | |
| Total equity and liabilities | 10/49 | €399,431 | €397,151 | -€2,279 | -0.6% |
| Equity | 10/15 | €40,000 | €40,000 | = | 0.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable | 17/49 | €359,431 | €357,151 | -€2,279 | -0.6% |
| Amounts payable after more than one year | 17 | €49,896 | - | -€49,896 | |
| Financial debts | 170/4 | €49,896 | - | -€49,896 | |
| Amounts payable within one year | 42/48 | €309,535 | €357,151 | +€47,617 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €63,029 | €49,896 | -€13,133 | -20.8% |
| Trade debts | 44 | €97,109 | €118,050 | +€20,941 | +21.6% |
| Suppliers | 440/4 | €97,109 | €118,050 | +€20,941 | +21.6% |
| Advances received on contracts in progress | 46 | €11,734 | €12,641 | +€907 | +7.7% |
| Taxes, remuneration and social security | 45 | €63,322 | €78,175 | +€14,853 | +23.5% |
| Taxes | 450/3 | €13,543 | €31,595 | +€18,052 | +133% |
| Remuneration and social security | 454/9 | €49,779 | €46,580 | -€3,198 | -6.4% |
| Other amounts payable | 47/48 | €74,341 | €98,390 | +€24,049 | +32.4% |
| Remuneration, social security and pensions | 62 | €487,999 | €463,386 | -€24,613 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,817 | €70,302 | +€484 | +0.7% |
| Other operating charges | 640/8 | €9,672 | €7,289 | -€2,383 | -24.6% |
| Gross operating margin | 9900 | €569,241 | €670,558 | +€101,318 | +17.8% |
| Operating profit (loss) | 9901 | €1,752 | €129,582 | +€127,830 | +7,296% |
| Financial income | 75/76B | €6,251 | €5,197 | -€1,054 | -16.9% |
| Recurring financial income | 75 | €6,251 | €5,197 | -€1,054 | -16.9% |
| Financial charges | 65/66B | €6,284 | €4,742 | -€1,542 | -24.5% |
| Recurring financial charges | 65 | €6,284 | €4,742 | -€1,542 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €1,719 | €130,037 | +€128,318 | +7,465% |
| Income taxes | 67/77 | €2,239 | €35,080 | +€32,842 | +1,467% |
| Profit (loss) for the period | 9904 | -€520 | €94,957 | +€95,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€520 | €94,957 | +€95,477 |
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 17 October 2026 via checked.be.