D & C CITE: 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.
D & C CITE
Largest movements
- Cash -€42,899
down €42,899 (-28.9%), from €148,684 to €105,786
mainly Trade debts (-€24,222) and Net result for the year (-€20,435)
- Tangible fixed assets -€9,135
down €9,135 (-19.5%), from €46,829 to €37,694
of which Plant, machinery and equipment: -€5,843
- Trade debts -€24,222
down €24,222 (-69.4%), from €34,904 to €10,683
- Profit (loss) carried forward -€20,435
down €20,435 (-25.0%), from €81,808 to €61,373
- Current portion of long-term debt -€8,612
down €8,612 (-55.8%), from €15,436 to €6,824
- Gross operating margin -€59,387
down €59,387 (-42.7%), from €138,921 to €79,534
- Staff costs +€24,461
up €24,461 (+47.4%), from €51,625 to €76,086
- Taxes -€20,701
no longer reported in 2025 (was €20,701)
- Financial charges -€2,618
down €2,618 (-22.0%), from €11,896 to €9,278
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 | €424,214 | €370,258 | -€53,956 | -12.7% |
| Fixed assets | 21/28 | €51,058 | €41,923 | -€9,135 | -17.9% |
| Tangible fixed assets | 22/27 | €46,829 | €37,694 | -€9,135 | -19.5% |
| Land and buildings | 22 | €977 | €802 | -€175 | -17.9% |
| Plant, machinery and equipment | 23 | €42,735 | €36,892 | -€5,843 | -13.7% |
| Furniture and vehicles | 24 | €3,117 | - | -€3,117 | |
| Financial fixed assets | 28 | €4,229 | €4,229 | = | 0.0% |
| Current assets | 29/58 | €373,156 | €328,335 | -€44,821 | -12.0% |
| Stocks and contracts in progress | 3 | €29,156 | €29,156 | = | 0.0% |
| Stocks | 30/36 | €29,156 | €29,156 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €195,316 | €193,394 | -€1,922 | -1.0% |
| Trade receivables | 40 | €37,019 | - | -€37,019 | |
| Other amounts receivable | 41 | €158,297 | €193,394 | +€35,097 | +22.2% |
| Cash at bank and in hand | 54/58 | €148,684 | €105,786 | -€42,899 | -28.9% |
| Total equity and liabilities | 10/49 | €424,214 | €370,258 | -€53,956 | -12.7% |
| Equity | 10/15 | €331,912 | €311,477 | -€20,435 | -6.2% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €221,503 | €221,503 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,860 | €2,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,860 | €2,860 | = | 0.0% |
| Distributable reserves | 133 | €218,643 | €218,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,808 | €61,373 | -€20,435 | -25.0% |
| Amounts payable | 17/49 | €92,302 | €58,781 | -€33,521 | -36.3% |
| Amounts payable after more than one year | 17 | €27,364 | €27,364 | = | 0.0% |
| Financial debts | 170/4 | €27,364 | €27,364 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,938 | €31,417 | -€33,521 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €15,436 | €6,824 | -€8,612 | -55.8% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €34,904 | €10,683 | -€24,222 | -69.4% |
| Suppliers | 440/4 | €34,904 | €10,683 | -€24,222 | -69.4% |
| Taxes, remuneration and social security | 45 | €14,597 | €13,905 | -€693 | -4.7% |
| Taxes | 450/3 | €8,045 | €4,049 | -€3,996 | -49.7% |
| Remuneration and social security | 454/9 | €6,552 | €9,856 | +€3,304 | +50.4% |
| Remuneration, social security and pensions | 62 | €51,625 | €76,086 | +€24,461 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,125 | €8,761 | -€1,363 | -13.5% |
| Other operating charges | 640/8 | €5,781 | €5,843 | +€62 | +1.1% |
| Gross operating margin | 9900 | €138,921 | €79,534 | -€59,387 | -42.7% |
| Operating profit (loss) | 9901 | €71,390 | -€11,157 | -€82,547 | |
| Financial income | 75/76B | €1,120 | €0 | -€1,120 | -100.0% |
| Recurring financial income | 75 | €1,120 | €0 | -€1,120 | -100.0% |
| Financial charges | 65/66B | €11,896 | €9,278 | -€2,618 | -22.0% |
| Recurring financial charges | 65 | €11,896 | €9,278 | -€2,618 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €60,614 | -€20,435 | -€81,049 | |
| Income taxes | 67/77 | €20,701 | - | -€20,701 | |
| Profit (loss) for the period | 9904 | €39,913 | -€20,435 | -€60,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,913 | -€20,435 | -€60,348 |
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 3 October 2026 via checked.be.