LA CITY: 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.
LA CITY
Largest movements
- Tangible fixed assets -€2.7m
down €2.7m (-7.9%), from €34.2m to €31.5m
of which Land and buildings: -€2.7m
- Cash +€1.7m
up €1.7m (+18.5%), from €9.2m to €10.9m
mainly Other debts (+€8.0m) and Debts after one year (+€6.0m)
- Receivables within one year -€1.7m
down €1.7m (-81.4%), from €2.1m to €381,592
of which Trade receivables: -€2.0m
- Deferred charges and accrued income -€1.0m
down €1.0m (-32.0%), from €3.2m to €2.2m
- Current portion of long-term debt -€12.5m
down €12.5m (-100%), from €12.5m to €0
- Other debts +€8.0m
new in 2025: €8.0m
- Debts after one year +€6.0m
up €6.0m (+72.3%), from €8.3m to €14.3m
- Profit (loss) carried forward -€5.4m
down €5.4m (-69.6%), from €7.8m to €2.4m
- Turnover +€895,617
up €895,617 (+15.0%), from €6.0m to €6.9m
- Taxes +€532,474
up €532,474 (+115%), from €461,438 to €993,913
- Financial charges +€231,477
up €231,477 (+127%), from €182,533 to €414,009
- Other operating income -€137,363
down €137,363 (-6.7%), from €2.0m to €1.9m
- Financial income -€98,429
down €98,429 (-45.4%), from €216,990 to €118,561
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 | €48,641,605 | €44,955,849 | -€3.7m | -7.6% |
| Fixed assets | 21/28 | €34,231,139 | €31,533,163 | -€2.7m | -7.9% |
| Tangible fixed assets | 22/27 | €34,231,139 | €31,533,163 | -€2.7m | -7.9% |
| Land and buildings | 22 | €34,105,332 | €31,420,967 | -€2.7m | -7.9% |
| Plant, machinery and equipment | 23 | €125,807 | €112,196 | -€13,611 | -10.8% |
| Current assets | 29/58 | €14,410,466 | €13,422,686 | -€987,780 | -6.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,050,582 | €381,592 | -€1.7m | -81.4% |
| Trade receivables | 40 | €2,050,582 | €46,065 | -€2.0m | -97.8% |
| Other amounts receivable | 41 | - | €335,527 | +€335,527 | |
| Cash at bank and in hand | 54/58 | €9,183,080 | €10,881,819 | +€1.7m | +18.5% |
| Deferred charges and accrued income | 490/1 | €3,176,804 | €2,159,275 | -€1.0m | -32.0% |
| Total equity and liabilities | 10/49 | €48,641,605 | €44,955,849 | -€3.7m | -7.6% |
| Equity | 10/15 | €24,945,120 | €19,529,780 | -€5.4m | -21.7% |
| Contributions | 10/11 | €15,600,000 | €15,600,000 | = | 0.0% |
| Capital | 10 | €15,600,000 | €15,600,000 | = | 0.0% |
| Issued capital | 100 | €15,600,000 | €15,600,000 | = | 0.0% |
| Reserves | 13 | €1,560,000 | €1,560,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,560,000 | €1,560,000 | = | 0.0% |
| Legal reserve | 130 | €1,560,000 | €1,560,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,785,120 | €2,369,780 | -€5.4m | -69.6% |
| Amounts payable | 17/49 | €23,696,486 | €25,426,069 | +€1.7m | +7.3% |
| Amounts payable after more than one year | 17 | €8,296,936 | €14,296,936 | +€6.0m | +72.3% |
| Financial debts | 170/4 | €8,296,936 | €14,296,936 | +€6.0m | +72.3% |
| Other loans | 174 | €8,296,936 | €14,296,936 | +€6.0m | +72.3% |
| Amounts payable within one year | 42/48 | €12,703,868 | €8,246,561 | -€4.5m | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €12,500,000 | €0 | -€12.5m | -100% |
| Trade debts | 44 | €92,429 | €52,648 | -€39,781 | -43.0% |
| Suppliers | 440/4 | €92,429 | €52,648 | -€39,781 | -43.0% |
| Taxes, remuneration and social security | 45 | €111,438 | €193,913 | +€82,474 | +74.0% |
| Taxes | 450/3 | €111,438 | €193,913 | +€82,474 | +74.0% |
| Other amounts payable | 47/48 | - | €8,000,000 | +€8.0m | |
| Accrued charges and deferred income | 492/3 | €2,695,682 | €2,882,572 | +€186,890 | +6.9% |
| Operating income | 70/76A | €8,030,877 | €8,789,131 | +€758,253 | +9.4% |
| Turnover | 70 | €5,983,891 | €6,879,508 | +€895,617 | +15.0% |
| Other operating income | 74 | €2,046,986 | €1,909,623 | -€137,363 | -6.7% |
| Operating charges | 60/66A | €4,938,353 | €4,915,109 | -€23,244 | -0.5% |
| Services and other goods | 61 | €286,818 | €280,962 | -€5,856 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,744,541 | €2,823,955 | +€79,414 | +2.9% |
| Other operating charges | 640/8 | €1,906,993 | €1,810,192 | -€96,801 | -5.1% |
| Operating profit (loss) | 9901 | €3,092,525 | €3,874,022 | +€781,497 | +25.3% |
| Financial income | 75/76B | €216,990 | €118,561 | -€98,429 | -45.4% |
| Recurring financial income | 75 | €216,990 | €118,561 | -€98,429 | -45.4% |
| Income from current assets | 751 | €216,990 | €118,561 | -€98,429 | -45.4% |
| Other financial income | 752/9 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €182,533 | €414,009 | +€231,477 | +127% |
| Recurring financial charges | 65 | €182,533 | €414,009 | +€231,477 | +127% |
| Debt charges | 650 | €182,148 | €413,313 | +€231,165 | +127% |
| Other financial charges | 652/9 | €384 | €696 | +€312 | +81.1% |
| Profit (loss) for the period before taxes | 9903 | €3,126,982 | €3,578,573 | +€451,591 | +14.4% |
| Income taxes | 67/77 | €461,438 | €993,913 | +€532,474 | +115% |
| Taxes | 670/3 | €461,438 | €993,913 | +€532,474 | +115% |
| Profit (loss) for the period | 9904 | €2,665,544 | €2,584,661 | -€80,883 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,665,544 | €2,584,661 | -€80,883 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.