CITEC: what changed
CITEC
Largest movements
- Tangible fixed assets -€12,375
down €12,375 (-41.4%), from €29,913 to €17,538
of which Furniture and vehicles: -€8,985
- Cash -€3,665
no longer reported in 2024 (was €3,665)
mainly Debts after one year (-€13,079) and Trade debts (-€3,799)
- Receivables within one year +€1,704
up €1,704 (+9.9%), from €17,292 to €18,996
of which Trade receivables: +€10,849
- Debts after one year -€13,079
down €13,079 (-90.3%), from €14,479 to €1,400
- Other debts +€4,086
new in 2024: €4,086
- Trade debts -€3,799
down €3,799 (-76.8%), from €4,946 to €1,148
- Profit (loss) carried forward -€2,674
down €2,674 (-18.7%), from -€14,320 to -€16,994
- Current portion of long-term debt +€2,340
up €2,340 (+27.5%), from €8,498 to €10,838
- Gross operating margin +€6,810
up €6,810 (+150%), from €4,538 to €11,349
- Other operating charges -€1,176
down €1,176 (-95.0%), from €1,238 to €62
- Taxes -€473
down €473, from €454 to -€18
- Financial charges +€439
up €439 (+57.2%), from €766 to €1,205
- Financial income +€177
up €177 (+145%), from €123 to €300
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,871 | €36,534 | -€14,337 | -28.2% |
| Fixed assets | 21/28 | €29,913 | €17,538 | -€12,375 | -41.4% |
| Tangible fixed assets | 22/27 | €29,913 | €17,538 | -€12,375 | -41.4% |
| Plant, machinery and equipment | 23 | €9,021 | €5,630 | -€3,390 | -37.6% |
| Furniture and vehicles | 24 | €20,892 | €11,908 | -€8,985 | -43.0% |
| Current assets | 29/58 | €20,958 | €18,996 | -€1,962 | -9.4% |
| Amounts receivable within one year | 40/41 | €17,292 | €18,996 | +€1,704 | +9.9% |
| Trade receivables | 40 | €2,360 | €13,209 | +€10,849 | +460% |
| Other amounts receivable | 41 | €14,933 | €5,787 | -€9,146 | -61.2% |
| Cash at bank and in hand | 54/58 | €3,665 | - | -€3,665 | |
| Total equity and liabilities | 10/49 | €50,871 | €36,534 | -€14,337 | -28.2% |
| Equity | 10/15 | €21,283 | €18,609 | -€2,674 | -12.6% |
| Contributions | 10/11 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €27,203 | €27,203 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,343 | €25,343 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,320 | -€16,994 | -€2,674 | -18.7% |
| Amounts payable | 17/49 | €29,588 | €17,925 | -€11,663 | -39.4% |
| Amounts payable after more than one year | 17 | €14,479 | €1,400 | -€13,079 | -90.3% |
| Financial debts | 170/4 | €14,479 | €1,400 | -€13,079 | -90.3% |
| Amounts payable within one year | 42/48 | €15,109 | €16,525 | +€1,417 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €8,498 | €10,838 | +€2,340 | +27.5% |
| Trade debts | 44 | €4,946 | €1,148 | -€3,799 | -76.8% |
| Suppliers | 440/4 | €4,946 | €1,148 | -€3,799 | -76.8% |
| Taxes, remuneration and social security | 45 | €1,664 | €454 | -€1,210 | -72.7% |
| Taxes | 450/3 | €1,664 | €454 | -€1,210 | -72.7% |
| Other amounts payable | 47/48 | - | €4,086 | +€4,086 | |
| Non-recurring operating income | 76A | - | €4,930 | +€4,930 | |
| Remuneration, social security and pensions | 62 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,124 | €13,074 | -€50 | -0.4% |
| Other operating charges | 640/8 | €1,238 | €62 | -€1,176 | -95.0% |
| Gross operating margin | 9900 | €4,538 | €11,349 | +€6,810 | +150% |
| Operating profit (loss) | 9901 | -€9,839 | -€1,788 | +€8,051 | +81.8% |
| Financial income | 75/76B | €123 | €300 | +€177 | +145% |
| Recurring financial income | 75 | €123 | €300 | +€177 | +145% |
| Financial charges | 65/66B | €766 | €1,205 | +€439 | +57.2% |
| Recurring financial charges | 65 | €766 | €1,205 | +€439 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,483 | -€2,692 | +€7,790 | +74.3% |
| Income taxes | 67/77 | €454 | -€18 | -€473 | |
| Profit (loss) for the period | 9904 | -€10,937 | -€2,674 | +€8,263 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,937 | -€2,674 | +€8,263 | +75.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.